I was forced to start the second round because I was raised in poverty

Chapter 405 Testing
After returning to her residence, Long Ruoli began to carefully sort out the whole matter.

This includes those competitive math olympiad problems.

The old man definitely has Alzheimer's disease!

Long Ruoli no longer needs to go through this testing phase.

She can reach this conclusion by simply connecting all the details.

Otherwise, the old man's unusual behavior cannot be explained.

In fact, Long Ruoli had been suspicious ever since Su Tianyan installed cameras in the bedroom and study.

She was seriously considering all the possible impacts that the old man's diagnosis of Alzheimer's disease might have on her.

Let's start by analyzing the "poor-sufficient" approach.

The first scenario is that the old man, while still lucid, quickly had Su Cheng take over.

If that's the case, Long Ruoli herself will be swiftly dealt with.

But this is unlikely.

Because of their swift succession without any prior preparation, their actions have led to even the old man being held accountable.

Don't be fooled by how well Xiao Zhang got along with Lao Zhang after taking over the job a couple of days ago; the Zhang family's affairs are of no interest to them.

But there is one thing Long Ruoli is certain of.

That is, the old man's support for Su Cheng to start her own business was indeed equivalent to accelerating the process of raising her in poverty.

This illness hung over the old man's head, forcing him to speed things up.

As for how fast? How long?
Long Ruoli couldn't reach a conclusion for the time being.

The second situation to consider is the old man's specific medical condition.

It's highly unlikely that the old man will have a relapse tomorrow.

Based on her recent observations, the old man seemed to be in pretty good shape and was able to analyze events rationally without becoming confused.

This disease isn't like cancer; you could be diagnosed today and die tomorrow.

AD is a disease caused by the gradual loss of brain cells.

In other words, the old man could have a relapse at any time.

In such a situation, it is possible that vague, abnormal, and even disruptive instructions will be issued frequently, violating various principles and regulations, or even impacting the entire poverty alleviation program.

That's something she can exploit.

In addition, there is another issue that needs to be considered.

That is, besides myself, did anyone else know about it?

Su Sheng is out of the game, so he certainly doesn't know about the incident.

Long Ruoli was wondering whether Bai Zihua knew about it.
When Lao Zhang revealed his hand, he didn't involve her in the planning, and Long Ruoli felt that the old man might be guarding against her.

If Bai is unaware of this, then she has a huge advantage. She can do many things based on this information gap, even "hold the emperor hostage to command the princes".

If Bai knew about it, or even knew about it before I did, then it means I haven't gained the old man's trust.

In that case, she'll start swearing.

She gave her entire youth to that old man, to the Emperor Group.

Now we have to be wary of her?

That's just utterly despicable!
You treat your son like this... and you treat me like this too?

Why?
Long Ruoli mentally considered various scenarios and possibilities when her phone rang the next second.

The person on the other end of the phone was from the field team, who provided Long Ruoli with the latest intelligence.

After listening to the report on the other end of the phone, Long Ruoli couldn't help but gasp in astonishment:
Su Cheng actually arranged business talks with people from Atlantic Bank and Baolong Group.

The phone hangs up.

Long Ruoli felt that the news came at just the right time.

According to the usual procedure, she should set off now to report to Su Tianyan.

Soon, she arrived by car at the private garden where Su Tianyan was.

She and Bai Zihua arrived at the scene at almost the same time.

Long Ruoli greeted Bai Zihua with a smile: "President Bai."

Bai Zihua responded to Long Ruoli in the same manner: "Yes, President Long."

Long Ruoli originally wanted to chat with Bai Zihua a bit more, but Bai Zihua turned his face to the side, showing no intention of talking any further.

Long Ruoli had no choice but to give up.

Led by the servants, the two went straight to Su Tianyan's study.

At this moment, Su Tianyan was sitting upright and reading attentively. He was wearing a pair of thick glasses, which made him look much more refined, less like his usual ruthlessness and ferocity.

Upon seeing the two arrive, Su Tianyan put down his book and took off his glasses: "So, what have you been up to, you brat?"

"President Su, I understand that after the young master received the approved 200 million yuan..."

Bai Zihua began to report Su Cheng's actions one by one.

After Su Cheng’s Progressive Plan was approved, he first registered a financial company and applied for a private fund manager license.

A private fund manager license is the legal basis for all equity investment, real estate fund, and securities investment businesses.

The license is the identity card of the professional asset management institution established by Su Cheng.

Without a license, it is impossible to raise funds from individual and structured investors, and all capital operations will be conducted "underground".

Su Tianyan was slightly surprised: "Huh? He really wants to get into finance?"

Su Tianyan thought Su Cheng would become an angel investor, investing in small startups and acting as the boss of various founders.

Because all of Su Cheng's previous experience was honed through practical experience in the industry.

Based on their assessment of Su Cheng, Su Cheng should be more skilled in marketing, business administration, and commercial operations.

Instead of seriously entering the financial industry.

This was completely unexpected for Su Tianyan.

Although Su Cheng had previously used financial tools in her consulting work, it wasn't her original field.

Being good at math doesn't mean you can succeed in finance.

Su Tianyan had a big question mark about Su Cheng's behavior.

"The young master spent a total of about 37 yuan, most of which was for labor costs and venue rental expenses."

Su Tianyan didn't want to hear this, and pressed on, "What else did this kid do?"

Su Cheng's second move was to acquire an online microloan company that was facing delisting.

"Young Master, this acquisition will cost approximately 1.2 million." Bai Zihua said, then pulled out a document and handed it to Su Tianyan for review. They had already thoroughly investigated the company.

"1.2 billion?"

Su Tianyan was particularly shocked.

This one action alone cost more than half of the funds.

So how is this guy supposed to conduct business now?
Su Tianyan took the document and began to browse through it, while Bai Zihua continued his explanation.

"Mr. Su, this is an internet microloan company with no bad assets and can operate nationwide."

Su Tianyan knew, of course, that it wasn't clean and therefore not worth the price.

What does this kid want to do?
They spend money so extravagantly.

"If I hadn't approved more money for him, he would only have 100 million. Would he still dare to do this?"

"He took 200 million yuan from me just to run a micro-loan business? To make money lending to those people?"

"Is this kid just playing around here?"

Su Tianyan was very dissatisfied with Su Cheng's business practices.

Is this entrepreneurship?
It's clearly speculation and profiteering.

What has this industry created?
No products, no technological innovation... nothing at all!

They simply designed a more efficient pipeline to move money from pocket A to pocket B, and then skim off a large portion in between.

True entrepreneurship is about expanding the entire industry's pie, not just directly dividing it up.

Moreover, Su Cheng only allocated a small slice of the cake to the most vulnerable and disadvantaged groups.

Essentially, it's just a transfer of wealth, not a creation of wealth. It's about profiting from information asymmetry and human weaknesses.

If this kid does that, then I, as his father, will look down on him.

Su Cheng's profits are built on the embarrassment, anxiety, and even despair of others.

This is a short-sighted business model.
Commercial motivations are inherently flawed from the outset.

"anything else?"

"The young master also spent 6700 million to acquire an internet payment company and applied for a financial leasing license."

This was within Su Tianyan's expectations.

This means that Su Cheng used almost all of his money to obtain the license.

The acquisition of the company was just a sham; the important thing was to obtain the "mortgage license" and this "payment license."

The former not only granted Su Cheng nationwide lending authority, but also enabled him to package the issued loan claims into standardized ABS products and sell them on exchanges or interbank markets, thereby achieving rapid capital recovery and off-balance-sheet risk removal.

The latter grants Su Cheng the power to freely manage cash flow, allowing her to build her own account system and accumulate massive amounts of funds and transaction data.

15 was the last window of opportunity to apply for these two licenses, and they are no longer easily issued to the market. If Su Cheng wants to obtain them, he can only do so through company mergers and acquisitions.

Su Tianyan knows him all too well.

He knew without even thinking how Su Cheng would design the algorithm next.

By using a large amount of data, we can assess a person's critical point of repayment pressure without causing them to collapse immediately, so as to squeeze every last drop of profit from them.

But I have to say it.

This business model carries no risk.

This is a highly profitable business.

Even though it cost nearly 2 million, it was still a very worthwhile investment.

That brat is very clever; he's so clever that he's shifted almost all the risk onto society and the borrowers.

They package themselves with sophisticated apps and risk control models, but in essence, they are just trying to get something for nothing.

Moreover, the dirtiest and most dangerous part can be outsourced.

If bad debts are high, they are handed over to debt collection companies, but doing so will create a lot of social problems, which are not the responsibility of their companies.

All they need to do is sit in their offices, look at the data, and count the money.

Make money?
Make money.

But this is essentially an extremely irresponsible business practice.

but.

Su Cheng did it this way because he taught her to.

Be quick with your hands and ruthless with your heart.

Internet lending was still a market gap, but Su Cheng accurately sensed the potential of this untapped territory.

This is a numbers game with almost no marginal cost, pursuing the ultimate efficiency and scale.

This ability to operate with light assets, high leverage, and exponential growth is something that those in the real economy dream of but can never achieve.

Su Tianyan acknowledged Su Cheng's exceptional skills in business operations.

As for this fundamentally flawed value system...

Su Tianyan agreed.

From Su Cheng's perspective, if he had 200 million yuan in hand and wanted to double his principal quickly, it seemed that there was no other way but to lend it out.

Within two years, Su Cheng will become a financial tycoon.

Low risk, high return.

It's nothing more than capital costs, operating costs, and bad debt losses.

The brat can earn high interest income and various service fees.

This couldn't be more perfect for Su Cheng, who wanted to earn her first pot of gold.

But Su Tianyan was still somewhat dissatisfied.

If you want to do this, you have to do it well.

"It cost nearly 200 million to get all the licenses, and then what?"

"Where does his money come from? Is he planning to rob other people?"

"You only have ten million left in principal, and you want to open for business?"

Immediately afterwards, Long Ruoli began to report on the situation she knew well: "Here's the thing, Brother Tianyan, just today, Xiaocheng met with two companies from Macau for business talks."

Which two?

“Paulon Group, and Atlantic Bank.”

"And then, what did you talk about?"

"We don't know the specifics."

Su Tianyan unconsciously looked up at the ceiling, muttering the names of the two companies to himself as he thought: "Baolong... Atlantic..."

A real estate company.

A bank.

What does this kid want to do?

Microloans have interest rates much higher than traditional corporate loans or mortgages, making them highly attractive high-yield assets for banks.

No bank would refuse such a cooperation invitation; the deposits they attract could become the brat's ammunition depot.

At the same time, it can also share the risks with him.

Because this kind of business is basically a joint investment, with the bank contributing 70% and Su Cheng contributing 30% for each transaction.

Regardless of how internet platforms operate, all fund transfers must ultimately go through the bank's clearing and payment system.

Su Tianyan could understand why they contacted Atlantic Bank; it was simply a loan assistance arrangement, and they were an indispensable force.

"What about Baolong? Is he also using real estate for cross-industry lending? As a kind of ammunition depot?"

Bai Zihua and Long Ruoli remained silent; they had no further information to provide to Su Tianyan.

"Alright, that's all for now. Keep an eye on things and report back as soon as you have any news. I need to rest."

"Okay, Mr. Su."

Bai Zihua and Long Ruoli bid farewell to Su Tianyan and left the study.

After leaving the garden and getting into the car, Long Ruoli asked the driver to turn around and go back about thirty minutes later.

As soon as she got in the car, she timed it, thinking that Bai Zihua should have already gone far away.

"Mr. Long? Shall we turn around?"

"Okay, turn around."

Without hesitation, the driver obeyed Long Ruoli's order, turned around, and drove back to the private garden where Su Tianyan was.

Long Ruoli returned alone and saw the servant at the door again: "Is President Bai still here?"

"left already."

Long Ruoli breathed a sigh of relief. She mustered her courage and gave the order to the servant at the door: "I forgot to tell President Su something. Take me there."

But the attendant did not obey Long Ruoli's order: "President Long, please wait a moment, I need to go in and report again."

"What's the point of announcing this? I just stepped out the door."

The attendant's attitude was firm: "I'm sorry, Mr. Long, please wait a moment."

Long Ruoli stood at the door with her arms crossed: "Alright, go ahead."

About two minutes later, the servant quietly came out.

"What did President Su say?"

"President Su said he's already resting. Unless it's an emergency, please come over tomorrow, Mr. Long."

Long Ruoli: ? ? ?

Is the old man really doing that?
Long Ruoli didn't dare use the phrase "emergency situation," but instead used a different approach:
"Could you please go again and tell them that I don't want to leave tonight and would like to stay and keep President Su company?"

"Okay, Mr. Long, please wait a moment."

(End of this chapter)