Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 738 The Uncrowned King
Every time they think they’ve finally put a piece of the puzzle together, a new area pops up, “Oh, so there’s a stake in the other side here, too?”

After checking, many people even began to doubt their lives, wondering, "Could Baidu, Tencent, and Alibaba also have shares in Bi'an?"

When I checked, wow! It really exists!
Five years ago, Chen Mo acquired a large number of Tencent shares under the name of Bi'an. This part alone is worth 10 billion US dollars based on Tencent's current stock price.

But what else can they do? They have to fight on with the orders from above. If they don't have data, they can find data from companies with the same amount for horizontal comparison.

As time went by, Fan Luxian's standards were lowered again and again, from the previous requirement that the error must not be higher than 10%, to being able to accept a small error, and now to being able to give a number as long as it is not too outrageous.

At this moment, Fan Luxian was already numb. He thought that no matter whether the data was correct or not, he had to get it done first. This time, even if the other side made it up, he had to make up a number.

Just like the per capita income report India released last year.

"Boss, the results are out!" The team editor-in-chief rushed in and interrupted Fan Luxian's thoughts.

"What's the ranking?"

Seeing that the other party was hesitant to speak, Fan Luxian directly snatched the report and quickly glanced at the last string of numbers -

$ 1024 billion.

His hands trembled violently and his pupils shrank suddenly.

The next moment, he immediately flipped through the comparison chart of the world's richest people that he had prepared:

No. 750 Bill Gates (Microsoft), assets: $60 billion, age: ;

Chen Mo (Bi'an), assets: $1024 billion, age: 31;

In terms of age and wealth, he is far ahead.

Fan Luxian’s cerebellum is almost shut down. What would it mean if this number were made public?
This means that none of the wealthy people in the United States can compete with him, as he has been surpassed by a young Chinese man.
This means that the world's richest man will be a 31-year-old Chinese young man.

It is conceivable that by then, the Forbes Rich List will face the biggest trust crisis and public opinion storm in history.
Fan Luxian narrowed his eyes and looked at the editor-in-chief who he had trusted in the past, and tried to keep his voice calm, "Are you sure this data is accurate?"

The latter was so scared by the leader's look that he thought, who can guarantee this? There must be errors. Although he knew that the data must be inflated, it was indeed the result calculated bit by bit. At this time, the leader asked him to answer, which was obviously to let him take the blame.
In a split second, the editor-in-chief stammered, "This, this."

Fan Luxian also knew that it was a bit difficult for him, and waved his hand in frustration, "Forget it, you go out, I want to be alone."

The team's chief editor ran out as if he had been pardoned and closed the door.

Fan Luxian stared at the report, his fingers tapping on the table unconsciously.

"No. We can't hand in this amount like this. We have to think of a way."

Perhaps it was because he was adapting to the local customs. His thoughts suddenly drifted to an Indian economic report he had read not long ago, a case that was "bright and beautiful" under the magic of statistics:

Per capita disposable income: about US$1100/year.

The official Gini coefficient, which represents the gap between the rich and the poor, is 0.35 (seemingly relatively equal), but independent research shows that it is actually closer to 0.5 (extremely unequal).

The richest 1% own 53% of the country's wealth, the richest 10% own 77% of the wealth, while the bottom 50% own only 4.1% of the wealth.

India's richest man, Mukesh Ambani, has personal assets of $200 billion, equivalent to the total annual income of 1000 million Indians. He ranks second in Asia on this year's wealth list (the first is Wanda's Lao Wang).

But now I guess these two have to step back a bit, Chen Mo's net worth is much higher than these two old Dengs combined.
2015年印度GDP增长 7.6%，但80%的增长由最富20%群体贡献，底层50%收入几乎停滞。

Local officials promote the "economic miracle of stability and excellence", but the actual unemployment rate has risen, especially the youth unemployment rate, which has reached 10%, and in fact it is even higher.

Although the serious problem of income disparity is concealed by statistical means, the actual degree of social inequality far exceeds official propaganda.

It seems that I need to use some "statistical art" to embellish the data as much as possible.
Just as this thought flashed through Fan Luxian's mind, the door of his office was suddenly pushed open again.

"Boss! Check the news!" The assistant suddenly opened the door, his face pale.

What happened to this other side?
Fan Luxian quickly clicked on the real-time financial headlines and saw two bold headlines:
《Ele.me Completes $27.5 Billion Pre-IPO Round of Financing, Valuation Exceeds 160 Billion》

"Dashi Chuxing received US$45 billion in Series F financing, with a valuation of 330 billion"

FUXK! Is this Chen Mo going to stop?
Then he looked at the specific content.

“According to reliable sources, Ele.me, the leader in China’s food delivery market, recently completed a $27.5 billion round of financing in its E round (Pre-IPO round), with a total valuation of $160 billion.

The main investors include: Bi'an Venture Capital, Hillhouse Capital, IDG, and Shunwei continued to invest.

Funding use: Transform from a "food delivery platform" to a "local life super APP" (food delivery + group purchase + hotel travel + movies).
At the same time, taxi-hailing platform, which accounts for nearly 70% of the market share, followed closely and announced that it had received $45 billion in Series F financing, with a valuation of $330 billion. The main investors are not much different from Ele.me, but this round, both companies have added a new investor: Beijing State-owned Assets Supervision and Administration Commission. Balabala"

In the end, one is a food delivery company and the other is an online car-hailing company. Both of them involve people's livelihood and related sensitive privacy data. The two companies are insured by the matchmaking of the other side. However, the chances of listing in the US stock market are very slim. Only the A-share market and the Hong Kong stock market are left.
While Fan Luxian was impressed by Chen Mo's radicalism yet cautious sense of security, he was also shocked by the valuations of the two companies.

Wow, is this the value of having the No. 1 market share in both the food delivery and ride-hailing sectors?
One is 160 billion, the other is 330 billion, and they are US dollars.

As the initial investor, the shares of Bi'an were diluted to 20%, plus Chen Mo's share of Bi'an.
This is a very simple math problem.

"Return to zero!"

Fan Luxian took out a calculator and looked at it. 160 billion plus 330 billion, multiplied by 20%, and then multiplied by Chen Mo's personal share of 50%, equals 49 billion US dollars.

Well, the result is obvious. The original 1024 billion was not enough, and they rushed to 1100 billion.
You should know that Bi'an also has ByteDance, which is similar in size to Dadi Chuxing and Ele.me, as well as Mi'an Xinsheng, a company with great potential in the semiconductor field. It is rumored that Bi'an holds nearly 50% of the shares.

If all these companies were listed, Chen Mo's wealth would expand exponentially, and he could even point to the top three on the Forbes rich list and ask the rest of you to join him.

Even if this may be a fact that may happen in the future, it cannot be announced truthfully. Then the Forbes list will fall into an infinite self-proving trap and will completely lose its credibility.

This person must be guarded against, but also must be exposed.
According to the income report calculation method he just thought of, Fan Luxian had a plan in mind.
Fan Luxian instructed his subordinates, "Ahem. Our previous calculation method needs to be adjusted. According to the headquarters' standards, the investment valuations of these non-core businesses should be eliminated and Chen Mo's personal assets should be recalculated."

He tapped his fingers lightly on the table, trying to keep his tone steady, trying to hide the shock in his heart.

As the head of Forbes in China, he must maintain a professional image in front of outsiders. It would be disgraceful to lose his composure for a Chinese entrepreneur.

"Oh, I see!" The editor-in-chief hesitated.

He wanted to ask why Buffett could calculate based on investment valuation while Chen Mo had to be treated specially, but he finally chose to obey.

Thirty minutes later, the new data after "dehydration" was presented to Fan Luxian.

Looking at the much "gentler" number on the screen, he finally nodded slightly.

Although Chen Mo is still among the top ten in the world, at least he is no longer as terrifying as he was at the beginning.

Late at night on May 5, when most people were immersed in their holidays, the server of Forbes' Shanghai branch sent two encrypted emails to its New York headquarters.

A common misunderstanding among the world is that Forbes is still controlled by the Forbes family.

In fact, in 2014, this century-old media brand was sold to a Hong Kong consortium for US$4.75 million.

When CEO Mike Perris opened the two emails, his expression changed under the cold light of the display.

The first one is the "official data" obtained using the latest statistical methods.

The second letter is the real valuation report unearthed by the investigation team.

When he saw Chen Mo's estimated worth, he had the same reaction as Fan Luxian: how is this possible?

The subsequent analysis report made him believe it: all the fields that the Bian'an Group's companies are involved in are basically at the top, and coupled with the explosive growth of games and overseas businesses, this number is indeed tenable.

After a long thought, he replied: "Well done. Immediately issue a gag order to the relevant personnel and ask them to sign a confidentiality agreement."

Then, he forwarded the first email to the release team and dialed the intercom: "Let's release it according to the above data."

After hanging up the phone, Peris looked at the second email. A Chinese man was vying for the title of the world's richest man, and he was a Chinese man in his early 30s. If this were really exposed, what kind of shock would it cause to the Western world?
First and foremost, their Phobos rankings will be destroyed by angry netizens, and it is even possible that an offline real-life protest will take place downstairs of the company.

Although he is just a professional manager employed by Hong Kong capital, Peris has never forgotten his nationality.

“Here’s the situation,” Perris said, lowering his voice. “I think a few important people in the Internet industry need to be informed in advance.”

The old Forbes on the other end of the phone was silent for a moment: "I see, Forbes has been established for a hundred years, and the global rich list has been running for more than 30 years. I have some connections with several people at the top of the list.

You did a good job, this matter really needs to be taken seriously.”

The wind in May should bring the scent of flowers, but now it brings with it the turmoil of the global business community.

The Forbes Global Rich List has not yet been released.

As usual, this highly anticipated wealth list should be released as scheduled in March every year, but this year it was rarely postponed, sparking much speculation around the world.

Forbes itself has its own troubles, because it found that there seems to be a BUG in the world.
(End of this chapter)