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

Chapter 210 Decentralization of Power, Expanding Business Territory

After Liao Guopei and Lin Guangchang left, Zhang Yang began to arrange his itinerary for the next two days. There were no fewer than five dinner parties, and he had to meet countless people.

Why is your schedule so packed?

The reason is simple: Zhang Yang is no longer the senior student he was two months ago, but the CEO of three companies: Fortune Research Information Co., Ltd., Shengtian Think Tank Co., Ltd., and Shengtian Capital Co., Ltd.

The current Wealth Research Information Co., Ltd., also known as Caiyan.com, has stabilized its internal traffic by leveraging the "joker master" IP created by Zhang Yang. Furthermore, the number of paying users in the research report section has broken new records for three consecutive days, with daily payments reaching tens of thousands of yuan, demonstrating a strong and robust paid ecosystem.

If users are willing to pay, it means that more content creators can be attracted to join.

On Thursday, Xu Zhirou, together with the marketing department, launched the "Market Guru Recruitment" campaign, attracting economic experts and market analysts to join by offering a low commission rate of 20/80 and a guaranteed output fee of 100 yuan per thousand words.

Perhaps even Ma Yun never imagined that his embedded, hidden investments in Tonghuashun and Eastmoney would unexpectedly activate Caiyan.com's third profit point: research report revenue.

It's worth noting that Zhang Yang made his fortune through market research reports. After the paid ecosystem was boosted by the "joker master" IP, he also produced two market research reports, improving the overall quality of his content and earning 20,000 yuan in royalties.

The website model, which combines a high-end approach with a personal brand, precisely targets investors' psychology.

Who invests with the intention of losing money?

Clearly, all investors are there to make money.

Since the goal is to make money, when choosing market research reports or investment courses, they will definitely prioritize purchasing paid content labeled as professional and high-end.

As a result, the research report section of Caiyan.com was completely revitalized, and thanks to the IP of "joker the Great God", advertisers and membership fees gradually rebounded, and the website's overall momentum is upward.

Shengtian Think Tank is a company that specializes in obtaining insider information about companies in the capital market. It currently has a management department, a content screening department, a data integration department, and a market analysis department, with a total of 37 office staff.

However, the think tank's total number of employees has exceeded 120, with the remaining 80-plus employees currently spread across enterprises in the Yangtze River Delta region.

Because they are often away from home, their salary structure is a base salary plus bonuses. For example, they might have a base salary of 3000 yuan. If they find inside information at a company and submit it to the content screening department, a specialist will evaluate the value of the information and distribute bonuses accordingly.

To increase accountability, each major region has a designated manager. For example, Wang Liu, who is familiar with Shanghai, became the manager of the dispatched personnel who were stationed in all the companies in Shanghai.

As for the final Shengtian Capital, it is a risk shell of the general partner (GP).

What is a risky shell?
To put it simply, it's about isolating the risk.

If Zhang Yang acts as the GP of a venture capital fund in his capacity as an individual, he will personally bear the unlimited liability risks associated with the investment.

However, the situation is different with a shell company. Based on a registered capital of 500 million, even if an unforeseen event occurs, Zhang Yang would only be liable for 500 million at most.

The itinerary and dinner arrangements for the next two days are all aimed at promoting the establishment of the "venture capital fund" and thereby accelerating the control of upstream companies in the smartphone industry.

It is worth mentioning that as Caiyan.com has experienced a resurgence, Zhang Yang's personal reputation has also grown.

Anyone who has worked as a limited partner (LP) knows that insurance funds value people more than the potential of the field.

Just like two chefs making the same dish, the final cost, color, aroma, and taste may all be different.

"Before meeting Gong Xu tonight, I need to sign the contract for the seventh floor of Building A."

Zhang Yang muttered to himself.

As his business expanded and the number of employees increased, the six floors of the building were no longer sufficient for business isolation. He intended to rent the entire building, but other companies that rented office space in the building did not agree. Zhang Yang had no choice but to settle for renting another floor, namely the office space upstairs.

The building has two floors of offices; one floor houses the financial research website, and the other floor houses Shengtian Think Tank and Shengtian Capital.

Of course.

Once the conditions are right, moving is inevitable.

Although Zhangjiang is also a core area of ​​Shanghai, it is mainly a hub for technology development, while financial companies still have to go to Lujiazui.

Moreover, from the perspective of long-term development and value appreciation, buying an office building in Lujiazui has far greater strategic value and asset accumulation advantages than leasing.

In layman's terms, if you buy an office building in Lujiazui now, even if you do nothing for the next ten years, Zhang Yang can achieve a tenfold increase in assets thanks to the real estate boom, which is equivalent to a long-term investment.

……

While Zhang Yang was still planning his business empire, "cattle farmer" Li Daxiao had already made an appointment at the Eastmoney Building.

"Hello, Mr. Shen. I have long admired your reputation. Meeting you today, I can confirm that you are indeed extraordinary." Li Daxiao shook hands with Shen Jun warmly.

"Haha, please have a seat, Teacher Da Xiao."

Shen Jun gestured.

Although Li Daxiao is currently very controversial, and his several attempts at raising cattle have all ended in failure, Eastmoney's seven internal development meetings have unanimously decided to hire him as the website's spokesperson to attract attention and generate buzz.

In the internet age, traffic equals money. With traffic, you'll never lack money; without traffic, you're in a state of slow death.

Li Daxiao is controversial, but his popularity cannot be ignored, after all, he has millions of fans across the internet.

The two moved to the sofa in the negotiation area and sat down. While Shen Jun personally made tea, he chatted casually, "Teacher Da Xiao has made two more correct predictions recently. It's truly a cause for celebration."

"The stock market is all about ups and downs, that's normal," Li Daxiao said with a smile.

On August 20, the Shanghai Composite Index rose by 4.52%, and on August 21, which is today, it rose by 1.69%, with A-shares surging by nearly 200 points in two days.

It is precisely because of the stock market boom that Li Daxiao has once again come into the public eye.

"Drink tea."

Shen Jun placed the teacup in front of him.

"Thank you."

Li Daxiao picked up his teacup, took a few sips of tea, and then put it down, saying, "I heard from Manager Li that President Shen wants to use my image as the brand ambassador for Oriental Fortune?"

"That's right, you name the price."

Shen Jun nodded.

He's not afraid of controversy surrounding Li Daxiao; all he cares about is online traffic.

Many small and medium-sized enterprises hire controversial figures to endorse their brands in order to generate traffic. Once "black and red traffic" is properly guided, its value potential is limitless.

This is why, even though some celebrities are highly controversial and there have been instances of public boycotts of their endorsements, some companies still risk being criticized and boycotted to hire them as spokespeople.

Seeing Shen Jun's arrogance, Li Daxiao chuckled and said, "This is my first time being chosen as a brand ambassador, and I don't know the industry price. Whatever Mr. Shen says goes."

Shen Jun didn't beat around the bush and stated frankly, "I can offer 60 yuan per year for the endorsement fee, but there is one hard condition."

"What conditions?"

Li Daxiao quickly pressed for more information.

A yearly endorsement fee of 60 yuan would amount to 5 Chinese yuan per month. This is extra income, so why not take it?

"Regarding traffic, you need to maintain your current traffic. We will have relevant departments to evaluate and record your traffic. Once it drops by more than 50%, we will immediately terminate your contract and pay your endorsement fee, calculated on a monthly basis. Any period less than one month will be considered as one month."

"no problem."

"And another thing is that you need to join Eastmoney."

"That's for sure."

At this point, Shen Jun added, "Eastmoney will verify your identity and open a dedicated channel for you. All you have to do is bring your fan traffic to Eastmoney."

"no problem."

While responding, Li Daxiao added, "All my future prediction videos will have the Eastmoney watermark. Don't worry, Eastmoney is the leading stock this time."

"..."

Shen Jun almost lost his composure.

They can raise cattle on these?
As expected of Li Daxiao.

Just as Li Daxiao arrived at Eastmoney to discuss the endorsement deal, Tonghuashun's informant also informed his superior.

As the message was passed through various channels, Tonghuashun convened another meeting.

"We must take new steps and not rely solely on the revenue generated by the freemium model. Personal IP is crucial to the development of a website."

"Eastmoney is clearly trying to capitalize on controversy; they actually hired Li Daxiao."

“We have Joker, and Eastmoney has Li Daxiao. We also need to create a persona to increase users’ impressions.”

"How about we find a celebrity?"

Looking for female celebrities?

"It's okay for female celebrities to endorse cosmetics, but endorsing financial websites is completely mismatched. I think Andy Lau and Chow Yun-fat are good, their images are very comparable."

Upon hearing Chow Yun-fat's name, Yi Zheng immediately made a decision: "That's him, Brother Fat. Let him be the brand's IP for our website."

In his view, Chow Yun-fat's image perfectly matches the investment attributes.

What is the purpose of investing?
Make money.

What is the purpose of gambling?
It's still profitable.

Chow Yun-fat's appearance in "God of Gamblers" with his slicked-back hair, suit, and hands in his pockets is an unforgettable classic. It's no exaggeration to say that he embodied the God of Gamblers perfectly.

It's all about making money, so hiring the "God of Gamblers" as a spokesperson is perfectly reasonable, right?

Moreover, even if Yi Zheng wanted to invite someone else, he couldn't find a suitable candidate.

Zhang Yang probably didn't expect that the successful transformation of Caiyan.com would force Eastmoney and Tonghuashun to make changes.

It's not just Eastmoney and Tonghuashun; other leading financial websites such as Tencent Finance, Sina Finance, and NetEase Finance are also adjusting their strategic plans, fearing they might fall behind.

……

As night fell, Zhang Yang was busy attending dinner parties.

Inside the hotel's private room, men and women clinked glasses, exchanging compliments while secretly calculating their own interests.

Speak human language to human beings, and ghost language to ghosts. Never be honest at a dinner party, because being honest means you are easily manipulated.

The drinking party lasted for two days and one night. During this time, Zhang Yang also played golf with Gong Xu for a day. After hitting two eagles, Gong Xu readily increased his investment from 2000 million to 3000 million Chinese yuan and promised that if he saw potential, the amount could be increased further.

When talking about golf, one has to delve into this sport for the "rich".

Why do wealthy people favor golf?
Do you really like this sport?

No.

Golf has been rated as the most boring and least exciting sport.

The wealthy admire this sport because of its high barrier to entry.

A standard 18-hole course takes 4-5 hours to complete, and the cost per round is usually several thousand yuan, not including tips. Moreover, high-quality courses are scarce, which naturally creates a selective social circle.

In addition, golf is not a high-intensity sport and you won't get so tired that you're out of breath, which is equivalent to replacing the conference room with a golf course.

There's a saying that goes, "If you want to meet girls, play badminton; if you want to meet your boss, play table tennis; if you want to experience the thrill of competition, play basketball or football; and if you want to do business, golf is the best choice."

"Mr. Hu, let's drink again next time. Please wait for my good news when I get my private equity qualification."

"Okay, okay, good."

"Let's have another drink."

"no problem."

Zhang Yang clinked glasses with Hu Maoyuan, the CEO of SAIC Motor. As the liquor went down his throat, a burning sensation lingered from his throat to his stomach—something unavoidable at a dinner party.

When Hu Maoyuan heard that Zhang Yang was going to be the GP, he also intended to invest a portion of the funds.

He wasn't investing in the lazy economy, but rather promoting it.

Zhang Yang naturally wouldn't refuse money offered to him, but Hu Maoyuan's investment was small, only 150 million yuan, which was his personal investment. However, sometimes you can't just look at the amount of money; you also have to look at the background of the investor.

Hu Maoyuan may have limited funds, but he has extensive connections. Since he has already invested, everyone is in the same boat, so he will help each other if he can.

After finishing his dinner with Hu Maoyuan, Zhang Yang spent 100 yuan to have the hotel doorman act as his driver and take him back to Zhangjiang Talent Apartment.

When they got home, the living room light was still on, but He Jing was nowhere to be seen.

Zhang Yang changed into his slippers and went into the bedroom. Sure enough, the other person was typing on the keyboard at the computer desk.

Because the A-share market has already corrected by more than 700 points in this round, and with the surge in the previous two trading days, the index seems to have bottomed out. She did not wait any longer and began to formulate a position building plan for next week.

Compared to other funds, her investment speed is far too slow.

Some of the subscribers even called China Asset Management to complain that He Jing might have misappropriated funds.

However, the sharp drop in the index caused these impatient customers to change their tune.

"Busy now?"

Zhang Yang greeted them.

Hearing the voice, He Jing snapped out of her reverie and turned to look at Zhang Yang, saying, "Yes, we're preparing to start building positions next week."

She had just finished speaking when she gestured and said, "You're back just in time. Come and help me with my advice on the allocation between real estate and bonds."

"Row."

Zhang Yang quickly approached.

Smelling the strong smell of alcohol, He Jing couldn't help but ask, "Are you not drunk?"

"I can still drink two ounces."

Zhang Yang joked about himself.

The more social engagements one has, the higher one's alcohol tolerance naturally becomes—this is the experience he has summarized.

Zhang Yang wouldn't dare say he's immune to alcohol, but he could definitely outdrink several adults.

Seeing that Zhang Yang said he could still drink two more ounces, He Jing didn't say anything more, but looked at the screen and said, "My current plan is to allocate 30% to government bonds and 70% to real estate stocks. What's making it difficult for me to decide is whether to focus on market capitalization stocks or growth stocks."

The larger a company's market capitalization, the less room it has for growth.

Take Vanke A shares as an example. This real estate giant, with a market capitalization of over 100 billion yuan, would have a market capitalization of over 1 trillion yuan if it increased tenfold, representing a growth of 900 billion yuan, which is almost impossible to achieve. However, take Zhangjiang Hi-Tech Park as another example. Its current market capitalization is 15.49 billion yuan. A tenfold increase would be 154.9 billion yuan, which is entirely achievable given Shanghai's rapid development.

Choosing market capitalization stocks may offer limited growth potential, but they are more stable. Choosing growth stocks offers higher returns, but they are also more volatile.

"Having 30% of your portfolio in government bonds is already quite stable. If you only pursue stability, it will be difficult to stand out in the stock market. I suggest you focus on growth stocks and give up on market capitalization stocks."

As soon as Zhang Yang finished speaking, He Jing asked in great surprise, "Give up all the leading stocks by market capitalization?"

Zhang Yang didn't answer her question. Instead, he looked at the "Building a Housing Market Plan" on the screen and asked, "Do you think there's a housing surplus in China right now?"

"No."

"Was it hyped up?"

"nor."

"Since neither of these apply, China's real estate industry has huge development prospects. This is because, looking at the United States, Japan, and other developed countries, the decline of their real estate markets is often accompanied by speculation and oversupply."

At this point, Zhang Yang made a definitive conclusion: "With so many precedents to follow, if you are looking for high returns, growth-oriented real estate stocks are the best choice. After all, you also have government bonds in your portfolio, so even if there are short-term market fluctuations, they won't be too significant."

After a long silence, He Jing nodded and said, "You're right."

She removed Vanke A and Poly Developments, and increased the weighting of growth stocks in the real estate sector, such as Zhangjiang Hi-Tech, Lujiazui, and Shenzhen Properties A, to the highest level.

After doing all this, He Jing asked again, "Zhang Yang, what do you think the future development of our country's real estate market will be?"

one second.

three seconds.

Five seconds.

Zhang Yang has yet to respond.

He Jing glanced to the side and saw that Zhang Yang was already asleep in bed.

"He said he could drink another two ounces, but a man's words are just lies."

After saving the document, He Jing shut down the computer. Then she helped Zhang Yang take off his shirt, which smelled of alcohol, and turned off the lights to go to sleep.

……

Nothing was said that night, and the sun and moon rose and fell.

The next day, February 8th.

Because the talent apartment has poor sound insulation, Zhang Yang and He Jing were not awakened by the sunlight, but by the voices of the couple upstairs.

"Hey, what's wrong with you? You have no strength at all, this is really bad."

"I'm so tired, I'm sweating a little."

"Night sweating? That's really bad. I'll buy some goji berries to help you recover."

"Let's talk about it after we buy the goji berries."

Listening to the intriguing conversation upstairs, Zhang Yang, having rested for a night, was full of energy and started working. The noise he made completely drowned out the conversation upstairs.

More than an hour later, Zhang Yang and He Jing went to work full of energy.

Meanwhile, the couple upstairs seemed to be arguing.

(I believe you're just afraid of hurting me)

(You're not lying to me)
(Who would be willing to let go of someone they loved so deeply?)

With Sun Yanzi's songs playing in the car stereo, Zhang Yang hummed along as he skillfully drove the Mercedes-Benz S600 into the underground parking garage of Block A in Changtai Plaza.

After parking his car, he turned off the engine, unbuckled his seatbelt, and headed to a breakfast shop near Changtai to get something to eat.

It must be said that Shanghai has indeed attracted a large number of migrant workers and business owners. For example, there are three or four Cantonese-style breakfast shops in Changtai. Apart from being slightly more expensive, their taste is no different from that of the local shops in eastern Guangdong.

After ordering two plates of rice noodle rolls, four fried dough sticks, two char siu buns, and a cup of soy milk, Zhang Yang quickly finished his meal and returned to the financial research website located on the sixth floor of Building A.

Good morning, Mr. Zhang.

Good morning, Mr. Zhang.

The two receptionists greeted us warmly.

Zhang Yang was in a good mood due to his thriving career, and he smiled and replied to the two of them, "Good morning, have you had breakfast yet?"

"I just ate."

"Yes, we just finished eating."

Unlike those who dine in openly, they opted to take their food back to the company to eat.

Breakfast food is generally bland, and unless it's something like snail rice noodles or stinky tofu, nobody really cares.

"Yes, I have something to do. You guys go ahead with your work."

"Okay, Mr. Zhang."

"Take care, Mr. Zhang."

After leaving the front desk, Zhang Yang went straight back to his office. As soon as he sat down, Zhang Zetian, wearing a white T-shirt and black hot pants, with her hair still tied in a single ponytail, knocked on the office door and said, "Brother Zhang Yang, I've compiled the weekend news summary for you."

"So early?"

Zhang Yang was somewhat surprised.

"Well, there's one more thing. School starts in a few days, and I plan to finish this week, which is the 28th, and then go back to school."

When Zhang Zetian said those words, there was a clear sense of reluctance in his voice.

Upon hearing that school was about to start, Zhang Yang smiled and said, "Okay, I'll pay you your salary on Friday."

"no, I'm fine."

Zhang Zetian waved his hands repeatedly and said earnestly, "The fact that Brother Zhang Yang gave me the opportunity to train at Caiyan.com is already the most valuable asset. I have learned a lot during this time, especially in terms of information gathering."

“One thing at a time. You should get paid for your work. Besides, if Mr. He finds out that I’m not paying you, he’ll start to wonder if I’m not satisfied with your work.”

Zhang Yang explained the pros and cons with a smile.

Zhang Zetian could refuse, but he couldn't refuse to give it to her, since He Qiaonv had put in the program to hone her skills.

Seeing that things had come to this point, Zhang Zetian didn't refuse any longer and nodded, saying, "Alright then, just pay me according to the summer job standard. I'll continue to work hard in the remaining five days."

"OK."

Zhang Yang nodded in response.

"Oh, right," Zhang Zetian said, remembering something, "If school is on winter break, can I still come to train?"

"Because I feel that I can learn a lot of useful things by following Brother Zhang Yang. My teacher also said that one is influenced by one's company. Being able to learn from an outstanding entrepreneur like Brother Zhang Yang is the most valuable asset."

At this moment, Zhang Zetian's face was full of anticipation, but his eyes also held a hint of trepidation, fearing that Zhang Yang would find it troublesome and refuse her request.

"of course can."

Zhang Yang replied without hesitation.

After several lessons from him, Zhang Zetian's ability to gather information became increasingly outstanding, which could indeed help save a lot of time.

Besides, human relationships are built up through mutual favors and inconveniences.

Even disregarding Zhang Zetian's abilities, Zhang Yang would still agree to let Zhang Zetian join the company out of respect for He Qiaonv.

"Thank you, Brother Zhang Yang. I'll head back now so as not to disturb you while you're busy."

She knew that Zhang Yang had a routine meeting scheduled for Monday.

After Zhang Zetian left, Zhang Yang inserted the USB drive into his laptop and copied the files to his desktop to view them.

1. The State Information Center released a report predicting that GDP will grow by about 8.5% year-on-year in the third quarter, and there is no pressure for monetary policy to shift.

2. Shenyin Wanguo and other institutions believe that the market may rebound to 3000-3050 points due to inertia, but the trading volume is only about 2000 billion yuan, which is 40% lower than the previous peak, indicating that the bulls are not confident enough. In addition, most securities firms believe that the market has entered the "B wave rebound" stage and may transition to the "C wave decline" afterward. The adjustment period may last for more than 3 months.

3. The Jinling Yangtze River Tunnel was officially completed. This project took five years to complete and is 5.8 kilometers long. It takes only 5 minutes to drive across the river. It is currently the longest underwater tunnel in China. It not only alleviates traffic pressure on both sides of the Yangtze River, but also marks an important technological breakthrough in the field of tunnel engineering.

4. The domestic science fiction film "Metallic Attraction: Kung Fu Cyborg" was featured in a special report on CCTV's "News Broadcast" for its outstanding box office performance and innovative market model. This was the first time the program had focused on a domestic science fiction film, reflecting the rapid development of the cultural industry under policy support and the trend of diversification in the film market.

5. The Inner Grassland promotes rapid regional economic development by constructing three major energy channels: sea, land, and air, including coal railway lines, wind power bases, and oil and gas pipelines.

……

8. The "Yinghuo-1" Mars probe, a joint project between China and Russia, was officially exhibited at the Russian Air Show. The project is scheduled to launch in 2011, marking a significant advancement in China's deep space exploration technology.

9. The State Council executive meeting proposed measures such as financing guarantees and tax incentives to alleviate the financing difficulties of small and medium-sized enterprises.

10. A short article circulating in the market claims that "the China Banking Regulatory Commission (CBRC) plans to raise the capital adequacy ratio requirements for commercial banks," possibly increasing the core capital adequacy ratio for large banks from the current 8% to 10%, and requiring small and medium-sized banks to raise the standards accordingly.

Zhang Yang quickly scanned through them and organized them into his document.

Judging from publicly available information, banks may be under pressure today, especially given that a short market report mentioned capital adequacy ratios.

Overall, however, the signs of China's economic recovery are very clear, not only in terms of GDP growth meeting targets, but also in various positive news such as technological breakthroughs and project completions.

After saving the content into his own document, Zhang Yang started tagging everyone in the executive group, asking them to attend a routine meeting in the conference room.

……

Less than ten minutes.

All senior executives of Caiyan.com arrived.

Standing in the main seat, Zhang Yang delivered a speech, saying, "In the past week, we have achieved a stabilization and rebound in website traffic, and have also explored new profit growth points and models. This is inseparable from everyone's joint efforts and hard work."

"Clap clap-"

Applause erupted in the conference room.

Some people even took the opportunity to flatter him, saying, "It's all thanks to Mr. Zhang's excellent grasp of the direction. Taking a high-end business route is the greatest and most incredible decision I've ever seen in my more than ten years in the industry. Let's applaud Mr. Zhang's wisdom."

"Clap clap-"

This time, everyone clapped even harder and louder than last time.

After all, if you clap, the boss might not care, but if you don't clap or slack off, the boss will see it clearly.

Zhang Yang gestured for silence, then continued, "The credit belongs to everyone; I can't keep it all to myself."

"I also urge everyone to maintain your passion and enthusiasm. As long as Caiyan.com continues its growth momentum, this year's year-end bonus will be a super prize that you will never forget."

The moment the words "super prize" were uttered, the executives seemed to be injected with adrenaline.

"I'd give my life for Caiyan.com!"

"We will certainly live up to Mr. Zhang's expectations and strive to achieve double growth in both users and paid subscriptions, letting our development momentum soar to the sky!"

"That's right, for President Zhang, for Caiyan.com, I am willing to dedicate myself to the cause until my dying breath!"

"We'll do whatever Mr. Zhang says, and we'll strive for the success of Caiyan.com!"

Inside the meeting room, the executives shouted slogans loudly, practically offering their hearts to Zhang Yang.

Standing in the main seat, Zhang Yang smiled. He knew very well that everyone's interests were aligned, so they could unite.

If a disagreement arises, well, sorry, they'll immediately pack up their buckets and run away.

Of course, Zhang Yang could understand them. After all, everyone comes out to work to make money. If there's no money to be made, who will risk their lives for you?

That's why Zhang Yang didn't take the executives' expressions of loyalty seriously; he just listened to them for fun.

After the noise subsided slightly, he looked at Xu Zhirou, who was sitting quietly, and said, "There is another personnel appointment, which is that Xu Zhirou will be promoted to CEO. From now on, she will be responsible for the strategic direction of Caiyan.com and the operation of the 'joker' IP."

"!!!"

Xu Zhirou was startled.

CEO?
If she understood correctly, this was the highest-ranking executive in the company responsible for day-to-day operations, whose main responsibilities included formulating company strategy, leading the executive team, managing finances and risks, and maintaining the company's reputation.

Is Zhang Yang handing over the management of Caiyan.com to me?
"Clap clap-"

Before Xu Zhirou could think it through, applause rang out again in the conference room.

"Congratulations, Mr. Xu."

"Mr. Xu, congratulations."

"We have witnessed Ms. Xu's capabilities. It was her insistence on taking the high-end route that made our financial research website what it is today!"

“That’s right, Mr. Xu truly deserves the title!”

The other executives showered them with flattery, their faces beaming with smiles.

Zhang Yang's decision to promote Xu Zhirou was also well thought out. As other executives have said, if it weren't for her proposal of a high-end + personal IP operation model during the initial debate over the direction of Caiyan.com, Caiyan.com might have become free by now.

It was precisely because he saw that she had sufficient ability that Zhang Yang chose to let her give it a try and see if she could shoulder the heavy responsibility.

Just like when I talked to Buffett in the United States last time, he shared his insights on business management.

[Berkshire Hathaway owns dozens of companies, from candy stores to airlines. I almost never concern myself with their day-to-day operations. Take See's Candies, for example. Chuck Hudgens managed it for decades, and I never told him how much chocolate to stock or how many cents to raise the price, but he still managed to surprise me every year.]
A person's energy is limited. Before integrating the various companies in the "Shengtian Group", Zhang Yang had to find the person in charge of each company. This was his final plan.

Xu Zhirou didn't know what Zhang Yang was up to, but considering that Xu Zhiruo owned 23% of Caiyan.com's shares, she nodded and replied, "Thank you for your trust, Mr. Zhang. I will certainly live up to your expectations."

"Well, come on."

Zhang Yang responded.

Subsequently, each department began to report on the data from the previous week. Zhang Yang took this opportunity to hand over his position to Xu Zhirou, who would then integrate the data and be responsible for the overall operation of Caiyan.com.

(End of this chapter)