Starting with a fully invested A-share portfolio to become a capital...

Chapter 192: Stop pretending, let’s show off

When the "Jiangzhe Huaxin Securities Fuchun Road Branch" appeared, not only did Su Jing curse loudly, but the other fund managers also lost their temper.

[Yinhua Fund - Wang Hua]: It's like comparing apples and oranges. It really is that beast Fuchun Road. No wonder he timed the price surge perfectly!

[China Asset Management - Qi Zhenbang]: Damn Fuchun Road, why did they get involved in Haitong Foods at this time, and without even changing their seat? I'm so angry!

[E Fund Management - Lin Hai]: You beast! You're a real beast! The Fuchun Road seat forcibly intervened. What's the difference between this and ruining a young virgin? Fuchun Road, I'll fuck your mother!
Unlike the angry outbursts of these fund managers, Yuan Yutang, at the Bosera Funds headquarters in Shenzhen, punched the display screen in front of him the moment he saw "Fuchun Road," and the loud noise caused other fund managers to scream.

"what!"

"what happens?"

"Yu Tang, are you sick in the head??"

"madman!"

With a punch that pierced through the LCD screen, Yuan Yutang's chest heaved as his fist continued to bleed. He never imagined that it was actually that beast Fuchun Road who had intervened.

When the price surged at the "92450" level in the morning, he discussed with fund managers such as Su Jing, Wang Hua, and Qi Zhenbang whether to continue suppressing the price.

Other fund managers felt that the "92450" point was very special and unanimously chose to wait and see. Only Yuan Yutang felt that it could not be "Fuchun Road" and suppressed the market for a whole day, selling most of his chips.

In other words, if there were an order of exit for Haitong Food Group, he would likely be the first to exit and also the one who earns the least.

Like many aspiring public fund managers, Yuan Yutang was eager to transition to private equity. When launching the "Bosera Restructuring Flexible Allocation Theme Fund," he privately contacted several large clients with assets in the tens of millions, promising an annual return of 30%. Haitong Foods was the most important part of achieving this 30% return.

The current six-month return is 27%, far underperforming the market. Now this has happened, it's worse than killing him!
Why would a single seat on Fuchun Road cause fund managers to collectively break down?
On August 3rd, yesterday, Huafeng Chemical's stock on the daily trading list caused a public uproar simply because of the presence of the "Jiangzhe Huaxin Securities Fuchun Road Branch" seat.

Not only did the buying support during the opening auction halve, but a limit-down opening also occurred.

Why is this happening?

In two words: reputation!
Now, everyone in the speculative capital circle, including retail investors, knows that Fuchun Road is the speculative capital with the smallest scale in the A-share market. Today, it will push up the stock to the daily limit, and tomorrow, if there is a premium, it will sell off at the right time. Don't even think about getting any profits; they will overturn the table for you.

The core logic behind the existence of speculative funds is to "achieve success by following the leader's lead."

If we compare a stock to a country, speculative capital is like the leader of a rebel army, and retail investors are like ordinary soldiers. As long as the venture succeeds, even if the ordinary soldiers don't get to eat meat, they can at least get some soup.

This is why retail investors who follow the first stock to hit its daily limit often profit from the premium; it's an unspoken rule.

The emergence of Fuchun Road can be said to have broken this unspoken rule.

However, what Yuan Yutang didn't know was that yesterday's "Fuchun Road" was actually Qiu Baoyu's doing. What he didn't know was that Qiu Baoyu was now somewhat regretting using the Fuchun Road venue.

Why the regret?
The reason is simple: the Fuchun Road trading seat can indeed be used to shake out weak hands, but the problem is that it even shakes out the funds that were supposed to support the market. No retail investors are willing to ride the Fuchun Road train, and even the trapped funds are thinking of running away.

What is word-of-mouth?

That's what you call word-of-mouth!

A reputation so bad it scares away even investors!

Many people may not realize just how difficult it is to scare away investors.

To put it simply, even if a stock is designated as a special treatment stock (ST), even if the China Securities Regulatory Commission (CSRC) confirms financial fraud, even if it experiences 20 consecutive days of limit-down trading, there is still a large amount of capital willing to "buy the dip".

The fact that Huafeng Chemical's Ponzi scheme disappeared almost entirely due to the appearance of Fuchun Road speaks volumes.

Fund managers like Su Jing, Yuan Yutang, and Wang Hua are no longer worried about the progress of Yijing Optoelectronics and Haitong Foods' backdoor listings; instead, they are more concerned about whether there are still buyers willing to take over.

Stocks that no one is willing to buy are just worthless paper, no, to be precise, garbage data!

……

And at the same time.

the other side.

The stock forum for Eastmoney.com.

As soon as the stock exchange's daily trading data was updated, a netizen named "Father of Fuchun Road" posted a thread that attracted the attention of many stock market investors.

[Fellow retail investors, that damn Fuchun Road stock is back! Those holding Haitong Foods shares, please be aware that this beast will most likely place a limit-down order at 9:24 AM tomorrow to fleece retail investors. If you want to avoid consecutive limit-down days, place your limit-down order immediately after midnight tonight. I repeat, place your limit-down order immediately after midnight tonight!]
The post immediately attracted the attention of a large number of retail investors.

[Xiao Cao Loves Meat]: Holy crap, Fuchun Road! Did this guy install a surveillance camera on me? From Rhine Biologics to Huafeng Chemical, and then to Haitong Foods, come and beat me up!

[Building Materials Brother Wang]: Let's have a moment of silence for the families of Haitong Foods. Once this plague appears, it will at least hit three consecutive limit-up days.

[Explosive Snail Rice Noodles]: That's not all. Last time I invested in Kainuo Technology, it plummeted for ten consecutive days. My husband almost divorced me. Even Old Wang next door, knowing that I lost money in stocks, wanted to have something happen between us and said he could give me money to buy more shares.

[Brother is not a legend]: Based on my understanding of Fuchun Road, even if he sells at the limit down tomorrow, this guy will still have a premium of about 5%. If you don't buy Haitong Foods, the support will be insufficient, and after two consecutive limit downs, he will lose at least 5%!

[Fist of Justice]: A small retail investor holding 5 shares of Haitong Foods is trembling with fear, preparing to place a sell order at the daily limit down, still hoping to profit from the upward movement.

As retail investors flooded the comments section, the post gained increasing popularity, becoming a trending topic at the top of the stock forum in less than five minutes.

Chen Xiaoqun, who was far away in a military compound in Yanjing, watched the post's popularity soar. The 14-year-old boy spoke in his childish voice, speaking fluent Yanjing dialect: "Hey, so many people want to dump the stock. Fuchun Road, you're out of luck."

Despite his young age, he is already a seasoned stock investor with three years of experience.

Chen Xiaoqun got into the stock market through his uncle. It was during summer vacation, and Chen Xiaoqun visited his uncle's house. That day happened to be a bull market, and Chen Xiaoqun's uncle made tens of thousands of yuan in one day.

Chen Xiaoqun, who was visiting, had no idea what had happened. All he knew was that his uncle had made tens of thousands of yuan by typing a few keystrokes and clicking a few mouse clicks, and had even taken him out to a restaurant.

From then on, he had a vague concept of the stock market and would visit his uncle's house from time to time. When Chen Xiaoqun's father learned that his son was interested in the stock market, he registered a securities account using his own identity information and let Chen Xiaoqun play with it.

The biggest difference between rich kids and poor kids is that rich kids have the cost of trial and error, while poor kids don't.

It was this decision that made Chen Xiaoqun the first stock investor in her class, giving her a knowledge base far exceeding that of her peers.

After posting on various financial platforms, Chen Xiaoqun then opened Caiyan.com and clicked on the members-only channel.

"Ok?"

"Joker hasn't updated yet."

After discovering there were no updates, Chen Xiaoqun opened the stock market forum and began a heated online debate.

[White Sanctuary]: Those who criticize Joker will suffer sooner or later. His analysis is reasonable and well-founded. The current average price-to-earnings ratio of A-shares is over 30, which is obviously a bubble. Moreover, there are illegal credit funds entering the market. You don't believe such obvious information, but you actually believe Li Daxiao. I really don't know if you know how to trade stocks.

[Sunny Day]: Dude, haven't four consecutive days of sunshine proven you wrong yet?

[White Sanctuary]: Is 0.26% a gain today? And for four consecutive days, large-cap stocks have led the rise, while small and mid-cap stocks have long since returned to 3200 points. The index is distorted. If you're so capable, show us your small and mid-cap stock gains.

[一霄倾城]: Joker's fans are too stubborn. They must be feeling terrible for missing out on the market in July, hahaha!
[White Sanctuary]: Sorry, even without taking advantage of the tail end of the July market rally, my securities account has already doubled by following the trend of the great Joker. (Image.jpg)

……

While Chen Xiaoqun was passionately arguing with "Xiao Xuesheng" for the sake of "Joker God", the "Liu Guan Zhang Gang" in Shanghai also dropped their pretense. Liao Guopei turned on his phone's speakerphone and listened to Chen Sanrong's outburst of curses.

"You think you can mess with me like this? I'll fucking kill you with my Zencheng Shadowless Kick!"

"You're ruthless, so I'll be ruthless too. If you don't push the price up to the daily limit tomorrow so I can get out of here, I'll expose your Fuchun Road alias and let all the speculative investors and retail investors online blast you, you beast!"

"Speak! Shadowless Kick!"

"Fuck your ancestors for eighteen generations! If you don't say something, I'll scatter your great-grandmother's ashes and dig up your ancestral graves!"

At this moment, Chen Sanrong was truly anxious; his eyes were bloodshot.

He bought 223.15 million shares of Haitong Foods at 8.42 yuan. The stock price is now 8 yuan. Although it hit the daily limit up today, he still lost 93.7 yuan.

Of course.

This is not the most important thing.

The most crucial thing now is that the appearance of the Fuchun Road seat will completely collapse the support level of Haitong Foods. Nobody knows how many more limit-down days it will suffer next.

After listening to the other party's broken and impotently furious cursing for a while, Liao Guopei said calmly, "What's wrong, Jumping Bro? There's no need to be so angry. I'm just washing the dishes."

"I'll wash your mother's hair, you think you can fool me? Do you really think I'm an idiot?"

"Be civilized. Haitong Foods hit its daily limit today, do you think you can push it to the daily limit again?"

"Huafeng Chemical hit the daily limit down today just because of the presence of the Fuchun Road trading seat. Even the buying support has run away. It may continue to hit the daily limit down for the next few days. You're telling me to sell all my shares and then telling me it's a shakeout?"

"Plans can't keep up with changes. Who knew that Lao Zhuang inside the ticket was so powerful? There's nothing we can do about it."

"I don't care if you have the ability or not. Tomorrow, push the stock to its daily limit and I'm going to cash out all my shares. Otherwise, you can expect me to expose your true colors and make it impossible for you to stay in this industry."

"Dududu-"

As soon as Chen Sanrong said those words, Liao Guopei hung up the phone.

"Fuck your mother, Shadowless Kick!"

Hearing the dial tone of the disconnected call, Chen Sanrong completely broke down. He immediately called back, but no one answered for more than ten seconds.

Chen Sanrong quickly opened QQ, found Liao Guopei's chat window, and typed to admit defeat: "I just want money, there's no need to treat me like this, is there?"

Not a moment.

Liao Guopei sent a message.

[Zen City Shadowless Kick]: In the world of speculative capital, everyone is after money. You were the one who tried to take away my livelihood first, do you understand? It's not that I'm targeting you, it's that you don't want to let me go.

[Jumping Bro]: I know I was wrong, Bro. Please forgive me this time. I promise to keep your secret. Please be magnanimous and let me go like a fart.

When Chen Sanrong sent this message, his eyes were filled with malice.

Keep a secret?

He'll never keep a secret!

His personality is characterized by being vengeful and holding a grudge!

However, having dealt with Chen Sanrong for so long, Liao Guopei knew his character very well, and immediately typed:

“Okay, buy a plane ticket to Hangzhou, go find Boss Liu of Hongyue Investment, admit in the speculative investor group that you are from Fuchun Road, and send out the transaction records from the past two days. Your problem will be solved naturally.”

"!!!"

Chen Sanrong was shocked; this was putting him in the spotlight for the "Fuchun Road" scandal.

If he really does that, will he still be able to work in this industry?

Only then did he finally realize that Liao Guopei wasn't genuinely trying to help him make money, but rather wanted him to leave behind transaction records as evidence to solidify Fuchun Road's identity.

As for Mr. Liu of Hongyue Investment, it is rumored online that "Fuchun Road" is his front man, but there is a lack of substantial evidence.

If Chen Sanrong goes there, it will truly confirm that it is Fuchun Road.

"no!"

"I'm going to keep going in this industry!"

Seeing that his soft approach wasn't working, Chen Sanrong typed back defiantly, "Then there's nothing more to say. If you dare to let Haitong Foods' stock price drop tomorrow, I'll expose everything."

[Zen City Shadowless Kick]: Do you know the nickname of Fuchun Road?

[Jumping Off Building Guy]: Beast?
[Zen City Shadowless Kick]: Since you already know that Fuchun Road is a beast, why would a beast be afraid of your threats? That's kind of funny, hahaha.

[Zen City Shadowless Kick]: Oh right, I also saved your transaction screenshot, as well as your chat history of harvesting speculative funds from Anhui Water Resources and Gezhouba. If you send these out, do you think you can get away with it?
"..."

silence!

Chen Sanrong fell completely silent!
He is now fully awake; he realized that the other party had set a trap all along, just waiting for him to fall into it.

But as a speculative investor in the A-share market, his unconventional thinking told him that he must not be led by the nose by Liao Guopei.

[Jumping off a building guy]: You just wait.

After uttering this harsh remark, Chen Sanrong closed the chat window.

He didn't contact anyone or choose to expose Liao Guopei; instead, he packed up his laptop and prepared to go home first.

If the chips can be successfully sold in the next three trading days, he will make Liao Guopei pay a heavy price.

But if he couldn't get out, he would have to seriously consider what Liao Guopei had said.

……

Zhangjiang, the capital of Shanghai.

Financial Research Network office space.

Looking at the last message Chen Sanrong sent, Liao Guopei's eyes flashed with worry as he said, "I feel like the guy who jumped off the building isn't someone to mess with. What if he chooses to take us all down with him?"

"Afraid he'll expose it in the group chat?"

Lin Guangchang countered with a question.

"I don't mind being labeled as a 'Fuchun Road' agent, but I'm worried about implicating Joker, since we all made an appearance at the Buffett lunch last time," Liao Guopei said in a deep voice.

Lin Guangchang: "This is indeed a problem."

Caiyan.com has just gotten on track and started to make a profit. If Zhang Yang is exposed as a malicious stock manipulator on Fuchun Road at this time, the website may face a boycott from retail investors who have already been exploited.

Hearing their conversation, Zhang Yang showed no panic or anxiety, and comforted them, "Don't worry, the guy who's jumping off the building won't act impulsively."

"Why are you so sure?"

Liao Guopei was puzzled.

“Yeah, Joker, you’re pretty close to him?” Lin Guangchang chimed in.

“I’m not familiar with him, but I know about his trading experience.” Zhang Yang casually opened a document and continued, “The guy who jumped off a building doesn’t have outstanding trading talent, and he suffered greatly from the crash in 2007, losing 90% of his capital. It wasn’t until this bull market that he recovered to tens of millions.”

"If the price of impulsiveness could be a 90% reduction in his capital, he certainly wouldn't act rashly, because the difficulty of accumulating initial capital is too great, and the process is too long, potentially causing him to miss countless opportunities."

"The guy who jumped off the building is still stubborn now, but we haven't hurt him enough yet. Once he feels a little pain, he will make the right choice."

In Zhang Yang's view, "A common man's anger can lead to bloodshed" is the last reaction when one is forced into a desperate situation and has no other choice.

He would not push Chen Sanrong to the brink, but would always leave him a way out.

Having lived two lives, Zhang Yang had long since mastered the art of exploiting human weaknesses. "That makes sense." Liao Guopei nodded slightly and continued, "When a continuous decline really occurs, the guy who jumped off a building will most likely back down. After all, he has experienced a 50% drop and knows the difficulty of accumulating initial capital. Starting over is something that only needs to be experienced once; going through it twice would really drive him crazy."

"That's right!"

Lin Guangchang responded and also expressed his opinion: "Moreover, this round is still a bull market. If the guy who jumped off the building experiences another 50% drop, without a bull market, he might not earn tens of millions even in three years, let alone six months."

90% of Buffett's wealth was earned after he turned 60.

Why after 60?
Four words: initial accumulation!

Many people have probably experienced this: they see a great project or investment opportunity, but are forced to miss the chance to make money because they don't have enough funds.

There is no doubt that the larger the amount of capital, the faster one can make or lose money.

Take 1000 million as an example. Even without investing in any projects, just depositing it in the bank would yield several hundred yuan a day.

For ordinary people to turn their lives around, they must resort to any means necessary to accumulate their first pot of gold as quickly as possible, and then use that money to generate additional income.

However, funds are limited. If ordinary people complete their initial capital accumulation, capital that requires cheap labor will suffer losses.

Therefore, capital will not allow ordinary people to easily complete their initial accumulation; it will try every means to prevent ordinary people from accumulating initial capital.

This is why many wealthy people say that the most difficult stage is from 100 to 1 million, because the temptations are too great. A house, a partner, or a car can make an ordinary person accumulate wealth again, and this accumulation process may take half a lifetime.

Chen Sanrong had experienced it once, and Zhang Yang bet he didn't want to go through it a second time.

……

With the reappearance of the "Fuchun Road" seat, the online outcry against Fuchun Road grew louder and reached Xu Xiang's ears.

"What did you say? Fuchun Road is back? Didn't they say he changed seats?" Xu Xiang looked at Sun Guodong in surprise.

"I don't know either. Yesterday it was Huafeng Chemical, today it's Haitong Food. The former stock hit the daily limit down this morning. Now retail investors have a lot of complaints about Fuchun Road."

Sun Guodong responded.

Shu Yimin, standing to the side, scratched his head, puzzled, and said, "I can't figure out what Fuchun Road is thinking at all. Logically speaking, they should have changed seats."

"Could it be used for market manipulation?"

Ma Xinqi speculated.

“It shouldn’t be.” Sun Guodong shook his head and explained his thoughts: “Retail investors are no longer playing with Fuchun Road. Without support, there’s no point in shaking out weak hands. Besides, Haitong Foods is a legitimate institutional stock.”

"Institutional tickets?"

Shu Yimin was stunned.

"Which organization?" Xu Xiang asked.

"As far as I know, public funds such as Huaxia, Bosera, and Huitianfu have all participated, seemingly betting on the expected backdoor listing of Yijing Optoelectronics," Sun Guodong said, revealing the information he knew.

"So it was Yijing Optoelectronics."

Xu Xiang suddenly realized.

He was just thinking that since the economic environment has not yet recovered, what are the key factors for speculation in stocks related to food consumption?

did not expect!
An unexpected backdoor listing!

"This stock has some potential, should we try to acquire some shares?"

Ma Xinqi looked at Xu Xiang.

"I don't think it's necessary. Public opinion online is one-sided right now, and Haitong Foods' ability to absorb selling pressure is too weak. Even at the daily limit down, it might not be possible to sell off the shares."

"It's not that it's uncertain, it's that it's definitely impossible to ship the goods."

As soon as Sun Guodong finished speaking, Shu Yimin gave his own evaluation.

Controlling a stock is not easy; it requires not only balancing funds from all parties but also releasing shares to buyers at the right time.

Without buyers to absorb the losses, no matter how high the price is raised, it will be useless and the listed company will only take advantage of the situation.

After considering the opinions of several speculative investors, Xu Xiang made a decision: "Let's wait and see. If he really is Fuchun Road, he can't possibly be unaware of how bad his reputation is. And his refusal to change his speculative investor position may be intentional."

"Intentionally?"

Shu Yimin frowned and muttered, "Could there really be some purpose behind this?"

"Is it possible that Haitong Foods is nearing its trading suspension period?" Sun Guodong suddenly thought of something and added, "Just like Meijin Group and Kainuo Technology last time."

"You mean Boss Liu again..."

Ma Xinqi didn't finish her sentence, but instead glanced around.

Zexi Private Equity has a separate office, but Xu Xiang, Sun Guodong, and Shu Yimin are all used to trading in an open-plan office area.

Although they were not speaking loudly and were far from the workstations of ordinary traders, that did not guarantee that the other party could not hear them.

"If that's the case, Haitong Foods is a stock that deserves close attention."

Xu Xiang said in a deep voice.

Although Ma Xinqi didn't finish his sentence, Xu Xiang, Sun Guodong, and Shu Yimin all knew what he wanted to express.

Last time, with Meijin Group and Kainuo Technology, the other party used underhanded tactics to force the Ningbo limit-up daredevils to exit the market.

What now?
Could this be another market shakeout?
They wouldn't dare say that others had that kind of strength, but they knew Liu Hua, the chairman of Hongyue Group and the president of Qingyuan Chamber of Commerce, who controlled a lot of resources.

"What about Shancheng Beer?"

Shu Yimin asked casually.

"Continue to accumulate shares. At present, our focus can be on the IPO of Everbright Securities. You can make a lot more money from subscribing to new shares than from trading stocks."

Xu Xiang suddenly laughed.

Although there were unexpected events on the second day of the last Huaguo Construction, he still landed safely, and because of the large amount of capital involved, he earned 4 million Chinese yuan from just one stock.

Up to the time of Huaguo Construction's listing, no stocks in this round of IPOs have fallen below their issue price.

……

At this time, not only Zexi Private Equity paid attention to Haitong Foods, but a large number of private equity firms also paid attention to this stock that had been hyped for several months. Some even called Yijing Optoelectronics to inquire about the progress of its backdoor listing.

Just as the stock market was undergoing dramatic changes, Yi Zheng, the CEO of Tonghuashun, visited Alibaba's headquarters and met with Ma Yun.

"I have long admired Mr. Ma's reputation, but I never imagined that one day I would be able to meet you in person."

"Haha, please have a seat, Mr. Yi."

Faced with Yi Zheng's respectful words, Ma Yun simply smiled and the two then sat down on the sofa.

As soon as he sat down, Yi Zheng said, flattered, "When I received your call, Mr. Ma, I thought it was a scam. I didn't expect it to really be you."

"It certainly took a lot of effort to find your number, but once we've met, we'll get to know each other better. We should keep in touch more often in the future."

"I am very sure of that."

After a brief chat, Yi Zheng asked the question that had been bothering him: "Mr. Ma, is there something you need from me?"

"Does Tonghuashun need money?"

Ma Yun countered with a question.

"!!!"

Yi Zheng wasn't stupid. While surprised, he vaguely understood the other party's purpose and tentatively asked, "Are you helping Caiyan.com..."

"No."

Ma Yun interrupted him, saying, "I represent Alibaba."

"So, Mr. Ma, do you mean you want to invest in Tonghuashun?" Yi Zheng asked again.

Ma Yun didn't rush to answer him. Instead, she took a sip of tea and calmly said, "Zhang Yang and I signed a 'betting agreement.' Given the current growth momentum of Caiyan.com, it's highly likely that we can achieve the betting condition of 1 million yuan in net profit within two years."

Yi Zheng nodded, not interrupting Ma Yun, but waiting for her to continue.

"Originally, I had no intention of getting into internet finance, but Caiyan.com, as a stepping stone, made me realize that this is a blue ocean."

When he said those words, Yi Zheng's heart skipped a beat. Had the thing that he and Shen Jun least wanted to see still happened?

If Alibaba were to enter the market, leveraging Taobao's massive user base, it might instantly become a leader.

"Does Mr. Ma intend to orchestrate this personally?"

Yi Zheng smiled wryly.

"No, that's not true. Everyone has their own expertise. Alibaba might not necessarily do better than you. After all, Tencent, Baidu, and Sina haven't made much progress." Ma Yun shook her head.

Yi Zheng: "So what do you mean?"

"Tonghuashun's revenue last year was 1.17 million yuan, and its net profit was 3835 million yuan. I'm giving you 2 million yuan in investment. What you need to do is turn the blue ocean into a red ocean."

"this!!"

The moment Ma Yun uttered those words, Yi Zheng was completely dumbfounded.

2 million Chinese yuan invested.

Is it really true that a pie is falling from the sky?

However, Yi Zheng was no child; he knew that capital always had a purpose. He asked, "Why are you investing 200 million in us? Didn't you join Caiyan.com?"

"As I just mentioned, Zhang Yang and I have a 'betting agreement,' and now I need a pawn to stir up the industry."

"So you chose me?"

"Yes."

Ma Yun nodded and said, "You must be unwilling to always be overshadowed by Eastmoney, right? With this 2 million investment, whether you're competing on price or business model, you can firmly gain the upper hand."

"Gulu——"

Yi Zheng swallowed hard.

The conditions Ma Yun is offering now are incredibly tempting.

The 200 million investment is four times that of Caiyan.com. If he gets this investment, he can definitely take the initiative.

"This money wasn't taken for nothing, was it?"

Yi Zheng asked again.

“Of course.” Ma Yun smiled and said, “I can sign a bet with you. As long as you can make Caiyan.com lose the bet with me, I will only take 1% of the equity for the two hundred million yuan, which is almost like giving it away for free. But if Caiyan.com does not lose, Alibaba will take 10% of Tonghuashun’s equity.”

"How about it?"

"Whether you win or lose, you're not at a loss with a straight flush."

Tonghuashun's total revenue in 2008 was 1.17 million yuan. Based on a price-to-earnings ratio of 25, its valuation was 29.25 billion yuan. A 10% stake would be worth 2.92 million yuan.

However, valuation is one thing, and there is a discount to be made. Buying 10% equity for 2 million is hardly a bargain.

The 2 million yuan given away for free was hard for Yi Zheng not to be tempted, especially since boarding Alibaba's big ship would make Tonghuashun's future path smoother.

However, he had a question: why did Zhang Yang have to lose?

Thinking of this, he couldn't help but ask, "Mr. Ma, I have a question for you. Why do you want Caiyan.com to lose? If you want a mature financial website, you can rely on Alibaba's platform to develop it."

“The financial research website itself isn’t valuable; the people behind it are,” Ma Yun said calmly.

He certainly knew that Alibaba could build a very sophisticated financial website, but what he wanted was talent and flair.

If Zhang Yang loses the bet, he can redistribute the equity of Caiyan.com, for example, he can take 67% and Zhang Yang 33%, making the latter, this wild horse, work for him.

"understood."

Yi Zheng thought of something.

He had to admit that sometimes, experience truly matters.

However, this is also good. With 2 million RMB in funding, Tonghuashun can unleash its full potential and crush its competitors in this fiercely competitive market.

"So, you're saying you agree?"

Ma Yun inquired.

Yi Zheng nodded and said in a deep voice, "I have no other choice."

“Okay, I will invest this money through a third-party institution. I hope you understand what that means,” Ma Yun emphasized again.

Yi Zheng: "I understand."

Since the rise of Caiyan.com, leading companies such as Eastmoney, Tonghuashun, and Sina Finance have clearly felt the impact. If they do not adjust in time, they are likely to be eliminated.

Seeing that Yi Zheng agreed to be the pawn, Ma Yun smiled and then called her lawyer to draft the "betting agreement".

Half an hour later.

The agreement between the two parties has been signed.

No sooner had Yi Zheng left Alibaba with the agreement than an Alibaba executive walked into the office, looked at Ma Yun and said, "Ms. Ma, Mr. Shen from Eastmoney said he will arrive in Hangzhou around 7 p.m. tonight."

"okay, I get it."

Ma Yun nodded.

Caiyan.com has two "engines": membership revenue and advertising revenue. To make Zhang Yang lose the bet, these two engines must be shut down.

After the executives left, Ma Yun picked up the teacup in front of him. The tea seemed to reflect his flamboyant personality, and he murmured to himself:
"A website is valuable, but talent is even more precious. I must get Zhang Yang and have him piece together the next piece of Alibaba's business empire!"

(End of this chapter)