The Entertainment Industry in Turmoil: Young Actresses All Want to Rise to the Top

Chapter 333 Returning to China Next Week

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The morning light of the next day had not yet completely dispelled the absurdity and tenderness of the previous night.

The bloody battles in the financial markets had already begun once again with the ringing of the opening bell.

The entire internet is watching LeShi's official channels, trying to find a miracle to reverse its decline.

However, it seems that Mr. Jia has vanished into thin air, without writing anything, taking any action, or even submitting a decent clarification report.

Inside the trading room of Mohen Asset Management, Shen Mo sat upright in front of several screens, his eyes reflecting a bottomless, ghastly green.

The market officially opened at 9:30.

There were no turning points, no strategic maneuvering.

LeShi.com's stock price plummeted almost without pause.

There were a few brief attempts to support the market with large buy orders of tens of thousands of shares, which were the last-ditch efforts of speculative funds and small institutions trying to save themselves.

"Still resisting?"

Shen Mo stared at the faint red light, his eyes devoid of any emotion.

"Sell off all the remaining shares you held yesterday."

At 9:35, just five minutes later, the verdict was announced.

LeShi.com's stock price was once again firmly locked at the floor by hundreds of thousands of heavy sell orders, with the total value of these sell orders reaching billions.

That was the most desperate color in the secondary market, a complete death sentence for all parties involved.

"Boss Jia's personal equity pledge ratio is 97.2%."

"News just came out in the market that he also reduced his holdings and sold some shares yesterday."

Zhao Feng handed over a confidential document, his voice slightly hoarse with excitement.

"Mr. Shen, according to our calculations, he will be forced to liquidate his position when the stock price drops by 30%."

"His credibility is completely ruined now."

Within half an hour of the stock hitting its daily limit down, a massive tsunami swept through the entire financial sector.

Sure enough, warning letters from Huatai Securities, China International Capital Corporation (CICC), and several trust institutions poured into Leshi's headquarters like snowflakes.

A series of urgent orders demanded that Mr. Jia provide additional collateral within a specified time or repay hundreds of millions of yuan in debt ahead of schedule.

If not, the institution will have the right to liquidate the position regardless of cost.

This is not only the evaporation of wealth, but also the complete loss of his control over Leshi.

At the foot of the LeShi headquarters building, dozens of suppliers who were owed money held up banners, and the ground was covered with tattered mats.

"Give me my money back!"

"Are you even human?"

The security guard stood helplessly at the door, while the young administrative staff secretly flipped through job postings behind their workstations.

These grim realities, captured through the media's lens, are becoming the final stray bullet aimed at Boss Jia.

On the third day of trading, the market had degenerated into a primal stampede.

LeShi has won the honor of the fastest consecutive limit-down.

Just as the internet was in an uproar, a sharp-eyed netizen pushed this tragedy to the peak of absurdity.

[Look at Lao Jia's Weibo IP address, it's in America!]

A stone stirred up a thousand waves.

Shen Mo looked at the location displayed on the screen as America and a mocking smile appeared on his lips.

A few minutes later, Boss Jia updated his Weibo.

I am currently in America, personally overseeing the mass production progress of FF vehicles. After I finish handling the financing, I will return to China next week to handle the follow-up matters.

"Going back to China next week?"

Zhao Feng couldn't help but laugh out loud. "President Shen, isn't his way of running away a bit too undignified?"

Shen Mo leaned back in his chair, his fingertips lightly tapping the table.

"If he doesn't run now, he'll never escape."

Just then, Shen Mo signaled Lin Wei to release a message, and a set of photos titled "Boss Jia's Luxury Mansion in the US: Facing the Sea, Spring Blossoms" suddenly appeared on the trending searches.

The luxurious swimming pool and private lawn stand in stark contrast to the straw mats of the domestic creditors.

Inside Meng Ziyi's boudoir, two popular actresses, wrapped in velvet robes, were sprawled on a silk bed, staring at their phones without any regard for their image.

"Look! Lao Jia's Weibo comment section is exploding!"

Bai Lu pointed at the screen, laughing so hard she almost cried.

The top comment is: Mr. Jia, since you're going back to China next week, could you please refund my 2,000 yuan membership fee?

I urgently need to buy rice.

As Meng Ziyi scrolled through the astonishing profit figures in her account, she felt even breathing tasted sweet.

She recalled the absurd scene from last night, her face flushed slightly, and she turned to look at Bai Lu.

"Mengyan, wouldn't you say we've rid the world of a scourge?"

Bai Lu leaned closer and said mysteriously.

"Of course. Brother Chao was just saying in our Running Man group that he was lucky to have signed a nominee agreement with Brother Mo yesterday, so no matter how much he loses money, it won't affect Brother Mo."

"As for Brother He, he was complaining in the group chat today, saying that he didn't sign the contract yesterday and lost 20% of his investment for nothing. He's on a plane to the capital now, going to the company to sign the contract."

"Look, those arrogant big shots who are usually so powerful are now begging our men to give them a way out."

On the third day, the air conditioning in Mohen's reception room was blasting, but it couldn't suppress the suffocating sense of dejection inside.

Kris Wu was the last celebrity shareholder to enter the venue.

Compared to the previous two days, his complexion could no longer be described as pale; it was a deathly pallor.

For two whole days and nights, he barely slept, frantically trying to contact his connections in America to verify the truth behind Boss Jia's statement that he would "return to China next week".

However, every reply to the phone call felt like a slap in the face.

"Fanfan, that's a quagmire. Stop struggling. While there's still someone willing to take over this mess, cut your losses quickly."

With trembling hands, he accepted the nominee share repurchase agreement handed to him by the legal counsel.

Because of his hesitation and that ridiculous wishful thinking, the bright red repurchase price on the agreement was now 40% lower than when Deng Chao and the others signed it on the first day.

This means that the wealth he had accumulated over the years by running around doing promotions and building his public image was wiped out by 40% in just 48 hours.

"Mr. Wu, if everything is correct, please sign here."

The tone of Mohen Legal was polite to the point of being almost cold.

Wu Fanfan stared intently at the number, her fingertips turning white from the pressure.

In front of his fans, he is an invincible top star, a god surrounded by admirers.

But in Shen Mo's scheme, he found himself as insignificant as an insect pinned to a chopping board, with no room for resistance except to sign a document to survive.

The moment he put pen to paper, he felt the pen in his hand was as heavy as if it weighed a ton.

Signing and pressing fingerprints were done in one smooth motion.

With the agreement taken away, his last remaining dream of upward mobility was shattered.

Is becoming capital something that I can never truly achieve?

When he left the Mohen Asset Building, the midday sun was so bright that he could barely open his eyes.

Just a second before stepping into the van, Wu Fanfan suddenly stopped, filled with humiliation and resentment, and looked up sharply in the direction of Shen Mo's office on the top floor.

The heavy floor-to-ceiling one-way glass reflected the cold sunlight. He couldn't see Shen Mo, but he could sense that the man was probably standing by the window, holding a glass of red wine, looking down at him, looking like a stray dog.

"Why should I—"

His Adam's apple bobbed violently, and his voice was so hoarse that only he could hear it.

In the entertainment industry, due to Shen Mo's schemes with Huayi Brothers, the former four top stars of the new generation—Shen Mo, Lu Han, and...

Li Yifeng, and himself.

In fact, Yang Yang's popularity and resources have recently surpassed mine, and fans say that there are now five of the four top celebrities, because I am just a gatekeeper for the top celebrities.

He originally wanted to regain his footing in the capital market, fantasizing about achieving financial freedom through LeShi.com, becoming a shareholder of a platform, and no longer having to be at the mercy of the entertainment industry.

But he never expected that the dream he had cast with such high hopes would be nothing more than an appetizer on Shen Mo's plate.

It's not just bullying; it's blatant toying and crushing.

That immense sense of defeat shattered his self-esteem.

Wu Fanfan stood on the bustling streets of the capital, her vision gradually blurring.

This top star, who relies on his cool and handsome persona to navigate the world in front of the camera, couldn't suppress his sadness and depression at this moment. His eyes were red, and tears were welling up uncontrollably.

He took one last look at the magnificent building, like a soulless puppet, bent his arrogant back, and climbed into the van.

Meanwhile, in America's late night, Boss Jia was waving his arms hoarsely at the financial tycoons on a video call.

"Give me a week, just one week! As soon as FF's funding arrives, I'll immediately replenish the collateral!"

His face was contorted with excitement, and his tone carried a gambler's desperate gamble.

"The ecosystem of LeShi isn't dead yet. Your forced liquidation now will only exacerbate the industry-wide collapse, and then none of you will get your money back!"

Among the various financial institutions that accepted Mr. Jia's equity pledge, executives sat around in the conference room, caught in an unprecedented dilemma.

They wanted to give them a chance because nobody wanted to admit at this critical juncture that the hundreds of millions of dollars in loans had become bad debts.

However, the market did not give them time to hold a meeting.

On the fourth day, it hit the daily limit down. On the fifth day, it continued to hit the daily limit down.

As LeShi.com's stock price plummeted like a kite with a broken string, the so-called liquidation line became a joke.

At this moment, there are tens of millions of sell orders locked at the daily limit down price. Even if financial institutions want to force liquidation, they simply cannot find any buyers on this deathly silent trading floor.

"We can't sell them off; they're all stuck with us."

Ultimately, these creditors had no choice but to resort to the most desperate measure: applying to the court for emergency preservation, which froze all of Mr. Jia's pledged shares.

As long as it is not liquidated, these shares will never be considered bad debts.

This freezing order completely blocked Boss Jia's last escape route and forever sealed his once proud LeShi Empire in this cold financial ruin.

For investors in Leshi, just one week felt like an eternity of torture.

At first, they waited anxiously in front of the screen, refreshing the webpage, hoping that Lextar would release a document to refute the rumors and prove that the financial chain was still stable.

Back then, they still believed in the slogan "Suffocate for your dreams".

On the third day, they started swearing.

On the fifth day, they were plunged into a deathly despair.

On the seventh day, when media reporters captured Mr. Jia's figure in America's luxury villa area, Mr. Jia still looked calm and even had a signature elegant smile on his face.

"Mr. Jia, there are rumors circulating in China that you have gone bankrupt and fled. Do you plan to return to China this week?"

Boss Jia adjusted his suit, looked into the distance, and spoke calmly.

"I am pushing FF into mass production with all my might, as this is the only chance for the LeShi ecosystem to survive."

"Next week, once I finalize this bridge loan, I will definitely return to China to handle it."

It's still the same old story.

I'm going back to China next week.

At this moment, the word has become the most absurd joke on the Internet.

Investors, looking at Mr. Jia on the screen, finally gave up completely.

They understood that what they called next week was probably a time that would never come.

In less than half a month, Leshi's stock price had fallen to around 20 yuan.

Although from a technical point of view, there is still room for further decline, for Shen Mo, pursuing the remaining scraps is meaningless.

"Mr. Shen, the data is in."

Zhao Feng strode over, his voice trembling slightly.

"If we take profits now, it might be a good time to lock in our gains."

"The profits will be astonishingly large."

Shen Mo took the report, his expression unchanged.

The initial investment of 15 billion, plus the subsequent 40 billion with triple leverage, totaled a massive 135 billion yuan, which was like a heavy hammer striking the most vulnerable joints of LeSports.

Although this amount of money was not overwhelming compared to LeShi's market value of hundreds of billions at the time, Shen Mo's perfect psychological warfare and timing resulted in a net profit of nearly 120 billion yuan from this hunt.

120 million.

"Let's close the net!"

Shen Mo casually tossed the report onto the table. "Greed is the devil; taking what you can get is the most basic respect."

However, Shen Mo had no intention of letting the collapse end there.

Just as they were securing their profits, Changhe Capital, secretly arranged by Mohen, suddenly emerged from the shadows and revealed its true colors.

Changhe Capital, as the largest creditor of Leshi.com, has officially filed a lawsuit in court.

Moreover, Shen Mo contacted dozens of suppliers who had previously displayed banners under the LeShi Building, creating a terrifying wave of joint lawsuits.

"Request to freeze all of LeShi's core assets, including office buildings, patented technologies, and accounts of affiliated companies!"

This news became the final straw that broke the camel's back.

If the previous stock price decline was a collapse of confidence, then Changhe Capital's lawsuit is a physical demolition.

A panic-driven run on the bank erupted instantly.

Banks, trusts, suppliers, and even employees who hadn't received their wages—everyone flocked to LeShi's finance department like madmen.

The once glorious Le Shi Building is now a rotting corpse surrounded by bald patches, with every piece of its assets under the watchful eyes of countless people.

Shen Mo knew that Boss Jia's era of pleasure-seeking had come to a complete end.

And he, carrying this fortune of billions, unearthed the most important piece of the puzzle for LeShi in Mohen's life.

The following morning, amidst this complex situation, the board of directors of LeShi officially convened.

Chen Jun, dressed in a formal suit and escorted by several bodyguards, entered the conference room.