Black technology: a super empire spanning two worlds

Chapter 296 [A Huge Hit, Breaking Through the Entire Community]

The buzz surged even further over the weekend, going viral and sparking heated discussions among netizens.

When it comes to things like this, netizens say they're no longer sleepy and flock to Xiao Yu's Weibo to leave messages and make wishes, describing their imagined intelligent sex dolls and hoping that Brother Xiao can make and sell them, preferably at a reasonable price.

"Alright, I can finally breathe a sigh of relief."

Today is Saturday, and Xiao Yu is also at Lingjing Technology. At this moment, he is looking at the online discussions about intelligent sex dolls and feels a little helpless because the whole internet is saying that he wants to lead Lingjing Technology into the sex toy industry and make intelligent AI sex robot beauties.

All the related topics dragged Xiao Yu into it, and since netizens have the power to say what they want, there's nothing he can do about it.

Xiao Yu immediately logged into his Weibo account and posted a message:
[Everyone, stop making wishes. Lingjing Technology is indeed working on humanoid robots, and the progress is quite good, but it's not the kind of AI sex robot you're hoping for. Lingjing Technology has no plans to enter the sex toy industry.]

Shortly after posting the Weibo message, Yun Shu knocked on the door and entered his office. Upon seeing Xiao Yu, she immediately reported, "The company's negotiations with Zhou Chengyang are largely complete."

Xiao Yu casually asked, "How was it?"

Yun Shu smiled and replied, "My cousin-in-law doesn't even pretend to want to curry favor with you. He didn't haggle over any of the demands Lingjing Technology made. In his own words, he's willing to hand over the soul of Likang Technology to Lingjing Technology. Whatever standards the company sets, he'll follow them; whatever the company tells him to do, he'll do."

Hearing this, Xiao Yu couldn't help but smile and said, "That's great. Your cousin-in-law is a good partner. I was worried that he might have too many of his own ideas, and that there might be ideological differences with Lingjing Technology in the future."

Xiao Yu added with a smile, "Since President Zhou has said he is willing to hand over his soul, there are no potential ideological differences or conflicts. Plus, he's your relative, so I'll take his Likang Technology to the top and let him win without lifting a finger."

……

The following weekend, Lingjing Technology issued an announcement stating that it had signed a strategic cooperation agreement with Likang Technology, under which Lingjing Technology would provide the company with AI technology solutions, humanoid robots, prosthetic body technology, and other solutions.

This announcement sparked another round of heated discussions online, causing quite a stir. Many netizens exclaimed that they must support it and vowed to buy it as long as the price was affordable.

It turns out that Lingjing Technology did not enter the adult product market and does not produce end-consumer products itself, but it provides technical support to companies in this market.

Likang Technology also immediately announced on its official website that it had reached a strategic cooperation with Lingjing Technology. Zhou Chengyang was originally an unknown person, and netizens basically did not know him, but now his fame has skyrocketed.

Mr. Zhou also has a Weibo account, but he only has tens of thousands of followers, which is quite meager.

But now his account has been followed by many netizens who have come to admire it, and his fans have suddenly increased dramatically. Many netizens who were just watching the drama are not only going to Xiao Yu's Weibo to make wishes, but now they are also coming to his account to make wishes.

Mr. Zhou also posted a Weibo post that weekend, which immediately boosted his fame.

What should you do if you've latched onto Lingjing Technology's coattails? Of course, it's "hand over your soul + give up thinking = an easy win!" Likang Technology's soul resides in Lingjing Technology; although you've given up your soul, you can still win effortlessly. Isn't that great? I certainly think so.

As soon as Mr. Zhou posted this Weibo, it made netizens laugh so hard they made a fortune, exclaiming that Mr. Zhou was too real and didn't even pretend.

Originally, people's impression of Mr. Zhou was just so-so, but now their impression of him has been greatly improved. Netizens did not expect Mr. Zhou to be so good at creating fun. He seems to be a frivolous and humorous person, which has made many netizens become fans on the spot.

Netizens joked that Mr. Zhou should go and have a chat with the owner of Seres; they would definitely find common ground and get along well.

As everyone knows, Seres surrendered his soul and reaped a victory without lifting a finger.

Some netizens joked that the car group, which was unwilling to surrender its soul, felt offended at this moment.

Mr. Zhou's marketing strategy was indeed quite successful. He lowered his status, became genuinely down-to-earth, and was willing to play a supporting role. It's blatantly obvious that he was trying to ride on the coattails of others and achieve success without effort, which actually won him the favor of countless netizens.

Indeed, sincerity is the ultimate weapon.

If you covered up his ID on that Weibo post, and said it was just a funny post from a casual netizen, no one would doubt it.

Clearly, Mr. Zhou's actions have won the favor of many netizens and gained them many fans. He made a good first impression, which will be of great benefit to Likang Technology in the future, because Likang Technology makes end-consumer products and will directly face consumers.

These netizens are potential consumers of Likang Technology in the future. Some people have already taken the initiative to learn about some of the sex toys that Likang Technology is selling, and some have even started to place orders to try them out.

By attaching itself to a major player, Likang Technology not only gained immense popularity but also became a darling of the capital market overnight, transforming from an unknown entity into a highly sought-after commodity.

Many investment institutions have made new travel plans and flocked to Likang Technology Company for research.

Because of its partnership with Lingjing Technology, the entire value of Likang Technology has been reassessed.

It has recently hit the daily limit for four consecutive days, doubling in value, but its total market value is still just over 20 billion yuan. Almost all investors in the market agree that it is still severely undervalued.

Today is the weekend, and Likang Technology has consistently topped the popularity charts on major stock market software platforms, as investors are searching for and paying attention to the company.

Many investors lamented that this stock was listed on the Beijing Stock Exchange, and they couldn't even get a chance to buy at the daily limit overnight because it didn't meet the exchange's entry requirements.

However, some retail investors with trading privileges on the Beijing Stock Exchange are placing overnight orders at the top, directly placing orders at the +30% limit-up price. This includes some speculative funds with VIP channels also placing overnight orders at the top, because as long as they can get in, it's a sure thing for a big profit; it's already an open secret.

Likang Technology will undoubtedly open at the 30cm limit up on Monday, following its previous four consecutive limit ups, more than doubling in value and more than tripling in value from its historical low.

Even so, the total market value is only slightly over 20 billion, which is absolutely undervalued.

For stocks like these, funds are blindly buying overnight.

Those who couldn't buy Likang Technology were turning to other related stocks in the adult entertainment sector on the main board, with everyone believing that the adult entertainment product sector would become a new main theme in the coming week.

……

On Monday, driven by the huge positive news over the weekend, Likang Technology predictably opened at the daily limit and remained there throughout the day with reduced trading volume until the close.

Likang Technology has become the first stock on the Beijing Stock Exchange to achieve a five-day winning streak since its establishment.

The stock price surged to 5.69 yuan, and the market capitalization climbed to 26.45 billion yuan.

The company's all-time high was 6.02 yuan on its first day of listing, and it's certain to break that price tomorrow, setting a new all-time high—there's no disagreement on this point across the entire market. Likang Technology also triggered a surge in the adult toy concept stock sector today, with its limit-up price locked by large buy orders, meeting market expectations. Funds are no longer worried that this new theme might be a one-day wonder and are willing to continue buying.

Related concept stocks on the main board performed well, with a surge of limit-up stocks around 10 a.m. However, with such a large-scale breakout, it is difficult to identify which one is the true leader.

Of course, the leading stock in this new theme is undoubtedly Likang Technology, but it is not, because few retail investors can participate in this stock on the Beijing Stock Exchange. The threshold blocks the vast majority of stock investors, and the liquidity is just so-so.

However, when new themes emerge, funds will inevitably participate and will be explored on the main boards of the Shanghai and Shenzhen stock exchanges, eventually creating a leading stock among the main board's most popular stocks.

Likang Technology is more like a sentiment indicator for this new theme. Everyone will look at this stock to strategize for main board stocks. As long as Likang Technology continues to hit the daily limit, it means that the sex-themed theme will not die out and can continue to play music and dance.

……

On Tuesday, Likang Technology continued its upward trend, opening at the daily limit and achieving six consecutive daily limit increases in six days. The stock price surged to 7.40 yuan, and the market value climbed to 34.41 billion yuan, breaking through the historical high of 6.02 yuan and setting a new record.

After yesterday's chaos, today, sentiment-driven stocks on the main board are starting to see the weaker ones emerge and the stronger ones remain.

On Wednesday, Likang Technology hit its daily limit, marking its seventh consecutive day of limit-up trading.

On Thursday, the stock hit its daily limit again, marking its eighth consecutive day of limit-up trading. This pushed the price of Likang Technology's stock to 12.51 yuan, and its market value soared to 58.17 billion yuan.

In eight days, the cumulative increase exceeded 7 times to +717.65%. If calculated from the historical low of 1.07 yuan, Likang Technology has achieved a 10-fold increase, with a cumulative increase of +1069.16% during the period.

In the A-share market, stocks that increase tenfold are often a significant hurdle.

When many top-performing stocks reach a cumulative increase of 10 times, the market sentiment reaches its peak, and then the tide begins to recede. This is what investors commonly refer to as "taking a graduation photo." After that, there is a sharp drop, followed by a rebound, and then the long, slow decline begins.

On Thursday, Likang Technology achieved a 10-fold increase in its stock price. Coupled with Thursday's reputation as a "statutory sell-off day" among investors, the main board's speculative stocks related to the adult entertainment concept also entered a major divergence on Thursday, with many heavily speculated stocks plummeting.

……

The following Friday, it was generally believed that Likang Technology on the Beijing Stock Exchange would open today, even if it opened with a limit-up, it would likely open during the trading session.

After all, it's 10 times the initial price. If it opens at the limit up but then experiences strong support and manages to turn from weak to strong, eventually closing at the limit up again and forming a T-shaped pattern, then the main board can continue to play its tune and keep dancing.

During the morning's pre-market auction, various funds realized they had underestimated the potential of the market. There were 81 billion yuan worth of buy orders queuing up to buy Likang Technology, and no one withdrew their orders.

In the last five minutes of the bidding, orders could not be cancelled, and the amount of funds in the buy orders kept increasing, reaching a total of 127 billion.

The funds waiting to buy at the limit up price are higher than the total market value of Likang Technology itself. With such an absurdly strong bidding, it is highly unlikely that the limit up will be broken today.

After the market opened, Likang Technology opened at 16.26 yuan, up 29.98%, and once again opened at the daily limit. The company's market value also reached a record high of 75.6 billion yuan.

This is the fifth consecutive day of limit-up openings this week, and also the ninth consecutive day of limit-up openings for Likang Technology. The cumulative increase of nine limit-up days is +962.75%, which is more than 14 times the increase from the historical low of 1.07 yuan, reaching +1419.62%.

Seeing the strong bidding of Likang Technology, which greatly exceeded expectations, many adult-themed stocks on the main board of the two exchanges, which had weakened and plunged at the end of yesterday's trading, turned from weak to strong at the opening and continued to rise.

……

After the weekend, the new week began, and Likang Technology opened with a limit-up on Monday, giving people the feeling that the sky was the limit. It hit the limit-up price for 10 consecutive days, pushing the stock price to a record high of 21.14 yuan, with a market value of 98.3 billion yuan.

However, the stock price hit the limit up and then fell back around 10 a.m. today, accompanied by a surge in trading volume. It plummeted to 17.38 yuan, and the gains narrowed from +30.01% to +6.88%. Those who bought at the limit up today suffered losses of nearly 18% at one point during the day.

However, less than half an hour after the initial surge, Likang Technology reversed its fortunes and rebounded, forming a "T"-shaped pattern with an extremely long lower shadow. After the rebound, it remained at the daily limit until the close.

Seeing Likang Technology's turn from weakness to strength, speculative funds on both the Shanghai and Shenzhen stock exchanges also shifted from divergence to consensus, continuing their upward trend.

Likang Technology's trading volume today also surged to 9.7 million, and the daily turnover rate soared to 42%. For this stock, a trading volume of nearly 10 billion is already considered a huge amount.

After all, it's a stock listed on the Beijing Stock Exchange, and Likang Technology's circulating shares aren't very large.

The current total market capitalization is close to 10 billion, while the circulating market capitalization is only about 2 billion, which is about one-fifth of the total market capitalization.

Meanwhile, retail investor Zhao Mingjie successfully bought shares of Likang Technology on the first day of its initial public offering (IPO), purchasing 20 yuan worth of shares at 1.47 yuan per share. He did so almost at the perfect moment, nearly missing out.

After successfully getting on board, Zhao Mingjie has held onto his shares and hasn't sold a single one.

"Should we sell? No, Likang Technology has latched onto Lingjing Technology, so it can't just have the potential for a market value of 10 billion; it should have a market value of at least 50 billion."

"But it's unlikely that it will keep going up like this all the way up; there should be some adjustments eventually, right?"

"Should we sell some now to secure our profits and buy back later when the price pulls back? But what if the price doesn't correct and we sell too early?"

Zhao Mingjie, lost in his own thoughts, was caught in a dilemma, having hesitated for a long time between selling and not selling.

His cost price was 1.47 yuan, and the current stock price is 21.14 yuan. He fully capitalized on the ten consecutive limit-up days, and his cumulative return not only exceeded 10 times, but also reached +1338.09%, with a floating profit of 267 million yuan.

With his holdings in Lingjing Technology, which still has a market value of around 50 yuan, Zhao Mingjie's net worth has now exceeded 300 million yuan.

"Damn it, I'll just keep holding. Since the strategy before I bought was long-term value investing, I'll stick to my original intention and not be swayed by short-term market fluctuations. I'll continue to hold firmly!"

After much deliberation, Zhao Mingjie finally decided not to sell and instead chose to lock in his position.

Moreover, he is mentally prepared for a significant pullback. Even if the surge in sentiment subsides and the stock price drops by half from its peak, as long as the fundamental logic of Likang Technology does not fundamentally reverse, he will hold the stock without moving, since the cost price is low enough, and he is committed to a long-term strategy.

……

(End of this chapter)