What's wrong with me being a rich man?

Chapter 706 Grudge (4k)

Li Song felt that he had made something of himself.

He was actually accused of being the mastermind behind the mountain peak!
Tsk, tsk, this... how could I possibly accept this?

However, after reading the short essays circulating online, he felt that they actually made a lot of sense.

Mr. Yu's first step in building his fortune was to acquire Zhenai to help him.

It was Zhenai.com that acquired Mr. Yu's first entrepreneurial project, which led to Baixiaosheng. After achieving success, WeChat was incubated, and then a foundation was laid in Lingang.

So why was it Li Song, who has a financial background, who was chosen to make the acquisition?
Why did Li Song, who once worked as a senior executive at Morgan Stanley, suddenly leave finance to start a dating website?

If he never actually went far away, but simply became a behind-the-scenes operator and operator of short-selling institutions, then everything seems to make sense and everything makes perfect sense.

Otherwise, why was Li Song chosen to take charge of the hedge fund after Yu Xing's accidental exposure?
Looking at the series of questions in the short essay, Li Song realized that he couldn't give any reasonable answers.

It seems like I should have been the mastermind behind this!

Li Song looked at the contents over and over again, and after a long while, he chuckled and said, "Who is this? Who is this? Just writing nonsense like this is absurd and far-fetched. It's written like this, it's like..."

Xu Xin glanced at Li Song's smug expression and said coldly, "What do you look like?"

Li Song shook his head and said, "It's more like I've become President Yu's talent scout."

Following this logic, when I acquired Guiai.com, I saw Mr. Yu's talent, and that's why I brought him into the short-selling firm. This is clearly the behavior of a talent scout.

"You seem pretty pleased with yourself," Xu Xin said sarcastically. "I knew all along that this kind of thing would definitely get you smeared and implicated."

Ever since Li Song became known within the industry to have been in charge of the Peak Hedge Fund, she has received numerous inquiries, both overt and covert. This time, she has simply brought the matter into the open once again.

Li Song pursed his lips, not letting a smile show, and shook his head: "I don't know who did this, but it seems like they have malicious intentions."

First it was Liu Wanying, then it was myself; this is clearly an organized spread of information.

Xu Xin frowned and said, "President Yu has offended many people; now he could be anyone."

Li Song shrugged, not feeling that it was a big deal. On the contrary, he felt that it would be beneficial to his activities in Hong Kong. The difference between the two positions of "General Yu's soldier" and "General Yu's mentor" was that the latter would obviously be more respected.

He could see his wife's emotions and knew her worries, but he believed that such things were beyond his control.

However, just one day later, another article analyzing the members of the Mountain Peak Group was published, and it was not too surprising that Xiong Xiaoge of IDG was included in it, believing that this senior domestic investor obviously has an analytical perspective on multiple industries.

Furthermore, the fact that Xiong Xiaoge returned from the United States explains why many of Shanfeng's targets are foreign companies.

Xu Xin's unease intensified when she saw that a new chapter in the series had been written.

Soon, she received another call from Boss Xiong.

Xiong Xiaoge immediately asked, "What do you mean?"

"What...what do you mean?" Xu Xin was shocked. "You're asking me what I mean? 'We'? Who are we?"

Xiong Xiaoge said, "President Li isn't in charge of the fund. What I mean is, how do you intend to handle this kind of defamation?"

Xu Xin still felt that this question was strange.

But she gave a very firm answer: "It's not worth refuting; you can't smear white."

Xiong Xiaoge sighed and said helplessly, "Yes, black can't be turned into white."

Xu Xin felt that President Xiong was implying something.

Xiong Xiaoge thought this couple was really interesting.

He really didn't want to be dismissed like this, but there was no one to take responsibility for this matter. Even if he asked President Yu, President Yu couldn't solve it. Moreover, in this era of mobile internet, the more he spoke out, the more he would be misunderstood.

Xiong Xiaoge's phone call sounded like a complaint, but in the end, he could only remain silent.

Two days later, another chapter of the short essay series has arrived.

IDG and Red Falcon Capital are both important investment institutions in Lingang Carbon Silicon. Li Song has had a close relationship with Yu Xing since Yu Xing's debut. They have bought companies together, appeared on TV together, and Yu Xing even briefly worked at Zhenai.com. Thus, three suspects have been listed.

So, given that he is a major investment institution, his closest family member is his husband, and he is also the mentor of a major short seller, Mr. Xu of Capital Today should naturally be on the list.

"Xu Xin and Yu Xing are close friends. Even when the problems of the companies invested by Today Capital were exposed by Bai Xiaosheng, they did not react. This is very likely because the two have a closer relationship of interests in private, and it is not just a relationship between investor and investee."

Xu Xin saw the latest short essay immediately. Everything else was fine, but she really couldn't stand one particular sentence.

She patted her phone, grumbling at Li Song, "How could I not have lashed out? What do you mean I didn't? I stormed into his company and had a huge argument with him. How else could I have lashed out? Could I have rushed over and started a boxing match with him???"

Li Song nodded repeatedly: "Yes, that's why I said it's far-fetched and not worth getting angry about."

Xu Xin took a deep breath to calm herself down, but couldn't help but look at related opinions online.

The series of short essays by key members of the "Over the Mountain Peak" group spread rapidly after its release, and the fragmented content, which was transformed from text into short videos, further enhanced its reach.

The four people listed—Liu Wanying, Li Song, Xiong Xiaoge, and Xu Xin—possess strong research capabilities, industry insight, financial background, and start-up capital…

Even Li Song himself found it hard to explain, let alone the netizens who followed the trend.

When Xu Xin went online, the Baixiaosheng Forum had already listed the top five short sellers in China.

The king of short sellers, Yu Xing; the godmother of short selling, Xu Xin; the financial manipulator, Li Song; the morally ambiguous Liu Wanying; and the cunning Xiong Xiaoge—this combination of veterans, middle-aged and young, bringing together the power of five major short sellers, ultimately forged the world-shaking "Over the Mountain Peak."

Yu Xing was genuinely amused by the netizens' meticulous logic.

It was indeed well-reasoned and convincing; even I was convinced.

He also took the time to ask Li Song what he thought.

“Hey, Mr. Yu, what’s the big deal? I don’t care about that,” Li Song replied. “There are so many people online. Who knows who will make up this story and I’ll be bothered. How can I carry out my work then? I’ve also refused interview requests from people in Hong Kong. I still want to focus my energy on hedge funds.”

Yu Xing thought there was nothing wrong with it, and then asked, "What about President Xu? Is President Xu troubled?"

Thinking of his wife, who was almost driven crazy by the troubles, Li Song calmly replied, "No, she finds it very interesting, and she didn't expect that she would have such a high position in this so-called team."

He was actually quite envious of the nickname his wife received. Why wasn't he called the "Godfather of Short Selling" by netizens?

Yu Xing laughed and said, "That's good. If you're really upset, don't tell me. I can't do anything about the netizens." Li Song understood this and didn't intend to provoke his wife's anger.

"By the way, we think this might be a rehash of old news. Silicon Carbon Group is about to be shorted in Hong Kong, and the process is already underway. Maybe they're just trying to create some negative sentiment. The interim report was very good this time, so let's start with the old issues." Yu Xing talked about Xiao Ying's considerations.

The series of short essays continues to focus on the popularity of crossing the mountain peak. Although the event is almost a year old, many people are still interested in it.

Li Song's heart sank: "Hmm, the domestic new energy market is developing very rapidly. Daring to short silicon carbon is going against the trend."

Yu Xing shook his head dismissively, but didn't say anything more.

However, while Lingang is still considering the source of public opinion, some short sellers have indeed jumped out at this time to express pessimism about the stock price of silicon carbon.

"A company that relies on government subsidies has a market value of over $110 billion. There is no doubt that silicon carbide's stock price is starting to bubble."

"I have no intention of commenting on the company founder's behavior in the financial field. Judging from the company's stock price alone, it faces challenges from multiple directions, including Tesla's intention to build a joint venture factory in China. These pure electric vehicles, which have been tested by car owners around the world, will cause great damage to Silicon Carbon Group."

"The stock price of silicon carbide should be discounted by at least 20% to be considered a reasonable price."

Andal, founder of Glaucus Research, directly commented on the rise in silicon carbon prices due to interim reports on Twitter.

Glaucus Research is a short-selling firm founded in 2010 with a team of no more than 10 people. Its main targets are listed companies on the Hong Kong Stock Exchange. Because of its 12 successful short-selling attacks in 5 years, it was once known as the "Hong Kong Stock Sniper".

This institution is adept at uncovering financial fraud and related-party transactions. Its most successful short-selling operation was the dismantling of Deppon Technology. By analyzing the financial data of Deppon Technology's projects in Cambodia, it revealed a large-scale overstatement of profits, which directly led to the stock setting a record for the largest single-day drop in Hong Kong stock market history, with a drop of 86.34% and a market value loss of more than HK$140 billion.

This is a short-selling firm that is particularly influential in the Hong Kong stock market.

Li Song happened to meet President Yu when Andar publicly evaluated the stock price of silicon carbon, and thus witnessed his first reaction.

Yu Xing glanced at the organization and said, "Turns out it's just a small shell company."

Just as Li Song was about to speak, he noticed President Yu's gaze on him, and immediately revised his evaluation.

Yu Xing corrected, "It's not small, it's a medium-sized short position."

Li Song uttered an "uh": "Then... will it have any impact?"

"Who knows? I'm experienced in shorting others, but this is the first time I've encountered a fellow short seller," Yu Xing laughed. "I don't think there will be any. At least let's see a short-selling report first."

Glaucus Research did not release a specific short-selling report targeting Silicon Carbon Group; the founder simply expressed his opinion first.

Yu Xing believes this might also be due to the fact that they haven't been able to officially short silicon carbon yet, so they are currently building up their emotions.

With no grudges or enemies, short sellers certainly don't want to waste their time; they still need to pursue profits.

However, Glaucus Research's statement seemed to send a signal to those who truly had grievances and grudges, making them eager to try their luck.

Yu Xing believes this is a medium-sized short position, and many people think that although it is not as high as Guo Shanfeng, it is still a very large short position.

This marks the first time a well-known short seller has directly commented on silicon carbide stock prices.

After observing market sentiment, Jia Yueting, who was far away in the United States, called China to gather more information in order to decide on his next move. Chen Deyuan, a local Hong Kong resident, was also concerned about Yu Xing and Silicon Carbon Group. His Sino-Forest, which was listed in Canada, was destroyed by Guo Shanfeng, and he still harbors resentment from that time.

Chen Deyuan often saw news about Yu Xing, carbon silicon, and Guo Shanfeng in the media. Every time he saw it, he was stung by the pain. He was so down and out, while his enemies were so successful!

Now the tables have turned, and silicon carbon is finally being viewed negatively by well-known short sellers!

Chen Deyuan had his own connections in Hong Kong and had also learned that local institutions shared a negative view of silicon carbon, so he felt this was an opportunity to take a gamble.

Life offers few opportunities to strive; if not now, when?
Pang Qingnian of Youngman Automobile also thought so; one has to take a gamble on one's career.

He once again voiced his support for silicon carbide stock, posting screenshots of his purchase of silicon carbide shares and expressing his support for the company's prospects on Weibo.

"Silicon Carbon's stock price still has room to rise. I've noticed some inexplicable short sellers looking at Silicon Carbon's stock price. This is utterly ridiculous. Silicon Carbon will become the number one automobile company in China!"

"Not just a new energy company, I mean, it will be the number one car company!"

"As a colleague, I have deep admiration for Mr. Yu!"

Pang Qingnian, a die-hard fan of Yu Xing, posted on Weibo and interacted with the comments, explaining his understanding of the Silicon Carbon Group from the perspectives of industry, market, and stock price. He also said that he plans to visit Mr. Yu in Lingang when he has time.

Yu Xing did not respond to this, and of course, he did not see it.

However, someone saw it.

Zhu Zehui from Zhejiang Province noticed Pang Qingnian's public remarks and felt that he might have communicated with President Yu. Since he had no concept of the so-called water-hydrogen power, he directly called President Yu.

Zhu Zehui briefly described the projects that Youngman Automobile is currently developing.

Yu Xing took his former boss's questions very seriously, but he didn't expect them to be this.

After Zhu Zehui finished speaking and saw that there was no sound on the phone, he said, "The technology in this area started quite early. Youngman Automobile and Professor Dong from Hubei University of Technology started developing the technology of 'aluminum alloy preparation for on-board water electrolysis hydrogen production' as early as 2006. It also received support from the National 973 Program. I just don't know if it can be implemented in the market."

After saying this, seeing that President Yu still remained silent, he took the initiative to ask, "President Yu, what do you think?"

Yu Xing thought for a moment and replied with two words: "Hehe."

Zhu Zehui: "?"

He paused, then asked, "What are you laughing at? What do you mean by 'hehe'? Are you unfamiliar with it or don't think it's a good idea?"

Yu Xing laughed again: "Hehe."

Zhu Zehui felt a chill run down his spine. This kind of smiling response... it didn't feel like a matter of familiarity or optimism anymore. It couldn't be...

He inexplicably realized the identity of the short seller opposite him, and his voice deepened: "Mr. Yu, you're not going to tell me this is part of your research trip to the mountains, are you?"

Yu Xing finally said, "Director, what are you thinking? It's one thing if other people ask me, but you're asking me... I'll just..."

He chuckled again: "Hehe, you know, Lingang is very busy too. I can't be asked to go and conduct on-site research for everything."

Zhu Zehui received a clear hint.

He hung up the phone somewhat dazedly, then thought about the project and President Yu's attitude, as well as the five major short sellers recently commented on online. He shook his head inexplicably, thinking that everyone can be a mountain peak.

(End of this chapter)