What's wrong with me being a rich man?

Chapter 590 Points to (4k)

MusVid is an overseas arm of Silicon Carbon Data Company. With the addition of Liu Chiping, it gained greater independence and obtained financing approval from Yu Xing when he was truly in charge of the work.

Nevertheless, Liu Chiping did not rush to immediately push for financing. Instead, he first familiarized himself with the people and things, made adjustments, and only then did he start to use the money.

He felt that Mus's development had been a cost-effective approach in the past, but with over 5000 million registered users and nearly 200 million daily active users, it deserved stronger growth momentum.

To date, Mus has completed two rounds of tentative funding, with the previous round valuing the company at only $3000 million. Despite this valuation, it attracted an offer from Facebook to acquire it for $3 million. Therefore, securing a valuation of $5 million in the third round is a logical step.

Mus is currently a niche but popular app in overseas markets. Liu Chiping's plan is to make it a globally popular short video platform, assuming he doesn't end up leaving due to the non-compete agreement.

This is an overseas market that Tencent has never entered before, and Mus has no role models overseas, but it is indeed a rare experience to be able to learn from Douyin in the domestic market.

Yu Xing had no objection to the financing of MUS, but Carbon Silicon Data had some reservations. This was mainly because Zhong Zhiling, Zhai Yifei and others still hoped to acquire it like Douyin.

The answer they received from their boss was: "The domestic market is developing faster, and we can acquire it later if we want. On the other hand, if Mus develops faster under Liu Chiping, we can acquire the parent company over there."

This can be considered a kind of subtle, healthy competition.

The opposition from Lingang wasn't too strong, and things proceeded as planned. As for the remaining dissenting voices regarding Carbon Silicon Data's acquisition of Douyin...

Yu Xing's mindset is that everyone is working together to make money in the long run, so there's no need to be so calculating. If you have to be, then just follow the procedures.

Once the team returned to headquarters, the investigation into Huishan Dairy quietly began.

While Hong Jun was conducting research on Kangdexin, which Liu Wanying had noticed, Yu Xing directly handed over a general survey on forage crops to his secretary, Zhang Yangxu, mixing in the targets that he was truly interested in.

Zhang Yangxu was completely bewildered when he received the order from his boss.

Feed crops? Market conditions? Domestic and international suppliers?
Although Mr. Yu has always had a wide range of interests, this is truly...

As a secretary, you must execute what you understand, and you must also execute what you don't understand.

Soon, a lot of documents were organized and placed on the desks of the Silicon Carbon Group.

Zhang Yangxu paid extra attention and found that President Yu didn't seem very interested. He barely looked through the documents he handed over, occasionally glancing at them briefly before pushing them aside. But after he stopped, he was urged to submit an industry analysis on this topic.

He didn't quite understand, and he didn't know when he suddenly realized that his boss had stuffed all those documents somewhere else.

After Zhang Yangxu submitted another industry report on soybeans on August 13, he heard General Manager Yu order him to stop.

“There’s no need to look for these feed items anymore. I’ve looked through them, but there’s nothing of interest,” Yu Xing said.

Zhang Yangxu immediately stopped this incomprehensible task; he was already dizzy from looking at the information on soybeans, corn, sweet potatoes, alfalfa, sorghum, and so on.

Yu Xing naturally wouldn't tell his secretary that he had already found more accurate information in the documents from three days ago, which was more targeted evidence after a rough screening.

According to a report by the Chinese Academy of Agricultural Sciences, China's self-sufficiency rate for alfalfa hay in 2013 was approximately 51.6%, with a total import volume of 75.56 tons of alfalfa hay. The United States accounted for more than 85% of the imports.

Among them, the top three supplier companies in the United States are ACX, Anderson, and Bailey.

Following this direction, Yu Xing searched for disclosures from three American suppliers regarding their annual overseas market expansion, but found no suitable evidence. He then used these keywords to search for relevant domestic reports.

News like this usually doesn't get many clicks, and even industry insiders don't pay much attention to it, but it's precisely here that the clues are revealed.

Yu Xing saw information about Anderson in an interview with Beijing Houderui Trading Company. This company was Anderson's agent for exporting alfalfa hay to China, and the person in charge mentioned in the interview that their important domestic clients included Huishan Dairy.

The information may seem insignificant, but it is highly targeted.

Huishan Dairy claims in its financial report that it produces 100% of its own products, but the significance of "important customers" to this distributor is probably far more than just a little bit.

Yu Xing believes that "Houderui Trading" may not have been aware of Huishan Dairy's claims in the capital market, so it did not pay attention to the statements in this regard, or perhaps it knew but did not care that much.

This allows us to follow this line to confirm relevant trade transactions, the status of connections with domestic suppliers, and to confirm the export customers of Anderson Technology in the United States, thus securing at least one accurate piece of evidence.

Regardless of whether Huishan Dairy has engaged in further fraudulent activities, alfalfa remains one of the most crucial aspects.

Yu Xing was overjoyed to have found a suitable direction for verification.

Even the CCTV footage team stationed in Lingang noticed this.

Taking advantage of Mr. Yu's good mood, reporter Yan Zhang immediately requested a short interview, which was indeed granted.

He also complained about Mr. Yu's lack of cooperation: "Mr. Yu, when we want to interview you, you always make excuses. We're trying to save you publicity expenses by interviewing you."

Yu Xing replied, "Then go and film our factory, interview our factory manager, R&D staff and frontline workers. I don't think I have much to interview; I've already said what I need to say many times."

Yan Zhang said helplessly, "We did conduct an investigation, it's not that we didn't. President Yu, can I know what you're really thinking?"

"Is this a question from the interview?" Yu Xing blinked and pointed to the camera.

Yan Zhang shook his head: "No, no, no, this isn't an interview question, it's just my personal question, and everything we've asked is positive."

Yu Xing chuckled but did not reply.

Seeing this, Yan Zhang said, "President Yu, our family is considering changing cars. We've test-driven Kyushu several times, and we're just waiting for your answer."

"Really?" Yu Xing couldn't help but chuckle. "Actually, it's nothing much. I just don't like being praised too much. If you're praised too high, you're likely to fall down. Right now... the praise is already quite high."

Yan Zhang's eyes lit up: "President Yu, is this your business philosophy?"

He added, "This is a formal interview." "I haven't thought much about business philosophy. Take the current sales situation of Silicon Carbon Group, for example. What we do is control the quality of the cars, provide the functions that users need, and offer a more attractive option within a price range." Yu Xing laughed, "Does this require any philosophy? It doesn't seem so."

Yan Zhang asked, "I know that the Silicon Carbon Group has a slogan, 'Honest Car Manufacturing.' Why were these four words used when it was founded?"

“I originally came from the mobile internet industry, which emphasizes speed: fast project initiation, fast development, and fast results. When I transitioned to new energy vehicles, our cycle wasn’t exactly slow, but we achieved this by optimizing processes and leveraging the power of joint R&D,” Yu Xing said earnestly. “Car manufacturing financing is large-scale, and we easily encounter pressure to accelerate. These four words were originally intended as a reminder to me personally.”

Yan Zhang immediately added, "Then, President Yu, you are a person who is good at thinking and courageous in reflecting."

Yu Xing felt this was going to be another boastful moment, so he simply said, "It's alright."

Yan Zhang realized that President Yu's resistance might be rising, and said with a helpless smile, "President Yu, no matter what you think, people's praise for you is not subject to your will. Does that mean that Carbon Silicon Kyushu will not be sold on the market?"

He was certainly aware of the praise the media was giving to Lingang these days, with titles like "the first person in new energy," "the first car in new energy," and "the first independent automobile brand" appearing in reports from time to time. The root of all this was the sales volume of Carbon Silicon Kyushu.

Despite experiencing a week of die-casting machine malfunction, Silicon Carbon Group still achieved a new high of 6718 vehicles in July's monthly rankings.

This is seen as a very alarming situation within the industry. Either the silicon carbon group is committing fraud, or its production capacity has been increased. News about production capacity has been mentioned many times before.

Now that the capacity expansion of the silicon carbon plant has ended, and there are still five months left in the year, how many cars can it actually sell?

It's now almost certain that with the changes in the new energy subsidy policy next year, the orders for the Silicon Carbon Group will definitely increase again by the end of the year. Regardless of next year's sales, they will be overwhelmed with orders before the new year.

Regarding the domestic auto industry this year, regardless of how many cars BBA (BMW, Mercedes-Benz, Audi) sells, or what progress Great Wall Motors and Geely have made, it can be summed up in four words: the year of carbon and silicon.

GAC has confirmed the existence of a new energy range-extended vehicle that rivals "Kyushu," and other manufacturers have also reported similar research, which undoubtedly provides further evidence of the popularity of carbon silicon Kyushu from another perspective.

“That’s true, but I won’t throw firewood in it.” Yu Xing smiled at the CCTV reporter. “I’m actually quite happy to see that many car owners choose Kyushu because of its quality. I think that’s good. Well, I still need to be more restrained.”

Yan Zhang shook his head repeatedly: "President Yu, please restrain yourself. If you can sell cars made of silicon carbide like this, what will happen if you don't restrain yourself?"

He then joked, "When silicon carbon sales go up, do you know what people outside will say about you?"

Yu Xing cast a curious glance at him.

"Before silicon carbide was manufactured, he was 'that guy in Lingang who wasted his time,' when he sold 5000 cars, he was 'Yu Xing, the car maker in silicon carbide,' when he sold 1 cars, he was 'Boss Yu of Lingang,' when he sold 2 cars, he was 'General Manager Yu of silicon carbide,' and when he sold 3 cars, he was 'the leader in new energy vehicles,'" Yan Zhang said with great seriousness. "When we can sell 10 cars in the future, we may become 'the leader in the automotive industry.'"

Yu Xing laughed heartily, knowing that the range-extended vehicle, a combination of gasoline and electricity, was met with much skepticism.

He thought about the public opinion surrounding Silicon Carbon Group before and after, and then smiled: "I really don't have that much expectation. Well, I should say that I don't regard reputation or anything like that as a goal. The company is not my personal property. Silicon Carbon Group is not a personified entity. If it produces good products, then we praise it; if problems arise, then we criticize it. All of this is normal."

Yan Zhang asked, "President Yu, what are your expectations?"

Yu Xing hesitated for a moment, then said instead of giving a direct answer, "Carbon Silicon Group is drafting an employee stock option plan. All the praise we just mentioned is inseparable from everyone's joint efforts. We will complete the issuance of stock options and the establishment of a similar mechanism before the IPO."

Yan Zhang suddenly asked, "So that employees can also afford cars made of silicon carbide?"

Yu Xing asked, "Is this usable material?"

Yan Zhang shook his head, realizing that his previous statement was not professional enough and should not be used.

Yu Xing wasn't sure if he should feel embarrassed, but he still slowly said, "If possible, I still hope that everyone can be better off."

Yan Zhang had interviewed many celebrities from different fields and met many business elites, and knew that they were all good at packaging themselves. However, at this moment, he still subconsciously believed what President Yu said.

He hesitated for a few seconds, unsure how to respond; it seemed that President Yu wasn't being very professional.

Yu Xing reminded him, "Don't forget about changing the car."

Yan Zhang breathed a sigh of relief. "Okay, okay, I'll buy it."

……

"No, I really can't do it anymore."

"I may really not have the talent for short selling."

On August 10, the relatively unknown short-seller "Real Research" released another short-selling report targeting Coolpad phones. However, the outcome was similar this time, with no impact whatsoever.

Li Song was deeply affected. He struggled for a long time, wasted a lot of money, and owed a lot of favors, but he still couldn't achieve any results in the short selling field.

What exactly do we need to do with this empty space?
Li Song's closest attempt to succeed was probably the investigation into automobile emissions, which was announced earlier by Guo Shanfeng, and subsequent short selling became increasingly ineffective.

Xu Xin remained calm about his breakdown: "Nothing is that easy. If you don't want to do this anymore, then stop and go back to your dating market."

Li Song said bitterly, "The dating market... is not easy to do either. Everyone says that Shanfeng is a domestic institution, but where exactly is it? I really want to rush over and kowtow to them to become their apprentice, and ask them to teach me how to short sell."

Xu Xin shook her head, knowing that time would calm her husband down.

Li Song sighed and stayed home in seclusion for several days. Then he saw information about the mountain in the news reports. It was said that Hong Kong had provided assistance to the international tracking team.

As for the effectiveness of the investigation, a glance at the trending topics tells you that it definitely didn't find anything.

If the mountain pass can be detected, it will definitely cause a sensation in the global financial world.

With nothing to do at home, Li Song thought it over and over and decided to drive his Kyushu car to Lingang. He wasn't cut out for shorting stocks and didn't want to go back to his old ways, so maybe he could listen to Brother Yu's advice.

(End of this chapter)