Chapter 283

Which woman wouldn't envy a future life where food comes to her mouth and clothes to her hand?

In reality, Bai Bai Jie now felt she was naturally born to be a mistress.

If she hadn't met Lin Yi, even if she had found a teacher in the future, should that teacher fail to satisfy her physical and material needs,

she would absolutely have cheated.

Of course, after meeting Lin Yi, both her body and heart were conquered.

Moreover, the man was so handsome and so wealthy.

It would be a ghost story if she could ever look favorably upon anyone outside.

After finishing their meal at Tang Pavilion, Lin Yi and the three women went together to the apartment in Songjiang District.

Naturally, that night, perhaps stimulated by the house,

whether it was Li Li Xueying, Bai Bai Jie, or Tang Tang Chuyu, all were extremely excited,

employing various tactics.

The joy therein naturally goes without saying.

In the blink of an eye, time reached October, when Hu Run released the 2016 Dragon Nation "Hurun Rich List."

Although the Hurun List holds far less global influence than Forbes.

Nevertheless, within the country, many people still recognize and approve of this list.

This year, due to real estate and the influx of various hot money.

Old Wang of Wanda still rode alone far ahead, ranking first on the Hurun Rich List,

with assets reaching 215 billion Hua currency.

Next, Jack Ma of Alibaba still ranked second, same as last year.

His assets stood at 205 billion, benefiting from Alibaba's performance, with a surge as high as 40%.

However, the third position shocked many people in Dragon Nation.

The boss of Fengyi Technology, Lin Yi.

His assets amounted to 190.3 billion.

For this ranking, the Hurun Rich List even made a detailed introduction.

As of October this year.

.... .... 0

Fengyi Technology, in lithium batteries and carbon fiber alone,

achieved a total profit of 14.68 billion over half a year, with a single-month average profit reaching as high as 2.447 billion.

Furthermore, this company possesses a vast number of patents for lithium batteries and carbon fiber.

If Fengyi Technology were to go public, based on a price-to-earnings ratio of 15, it would reach 367 billion.

Considering that Fengyi Technology is not a listed company.

Hurun referenced listed companies like Toray and others for comparison, arriving at a reasonable valuation.

However, Hurun also stated in the list that if Fengyi Technology were willing to go public,

relying on its patents and its market share in lithium batteries and high-end carbon fiber,

its market value would absolutely be far higher than 367 billion Hua currency.

Because countries including those on Huaerjie highly recognize such high-tech companies possessing patent rights.

Because unless new technology emerges, such industrial companies represent stability.

This differs from internet companies, whose valuations fluctuate up and down due to various reasons.

Ranking behind Lin Yi was Little Brother Ma of Penguin, with wealth of 165 billion.

Although Penguin's overall valuation reached as high as 2 trillion Hua currency.

The value of Little Brother Ma's shares amounted to only about 165 billion.

Others included the young couple Xiao Li of Baidu ranking ninth, Lei Lei Lei Xiaomi of Lei Lei Xiaomi ranking fifteenth, and Dongzi of Jingdong ranking twenty-sixth.

In this list, uniformly consisting of entrepreneurs aged 40+, 50+, or even 60+,

Lin Yi's Stone Stone Stone Stone Age of 22 was extremely conspicuous.

Chapter 212: Business Circle Tremor!

It could be said that this list shocked the entire Zhonghua business circle.

Because of the conflict existing between Lin Yi and Alibaba's Jack Ma, Fengyi Technology had even gone to court against Alibaba.

In the end, if not for official intervention, the two men would have nearly entered an octagon cage to decide the victor.

Therefore, many merchants in Dragon Nation knew Lin Yi.

Originally, these people all thought Lin Yi was just a reckless youth,

arrogant and ignorant of the heavens' height and earth's thickness due to his entrepreneurial success.

After all, compared to Lin Yi, Jack Ma had already been famous for many years.

Furthermore, he had long held a position on the Hurun Rich List.

And Lin Yi? He was merely a reckless youth who hadn't even graduated from university yet.

Who knew such a person a year ago?

However, reality slapped the faces of many merchants hard.

Especially in this year's Hurun Rich List, at the Stone Stone Stone Stone Age of merely 22, Lin Yi

suppressed Penguin's Ma Ma Huateng, ranking third on the national rich list.

A fortune of 190.3 billion pressed countless business tycoons across the nation beneath him.

This inevitably left people in awe.

"Four-seven-zero." When this year's wealth list was released, Old Wang of Wanda, though seeing himself still in first place,

found his actual wealth had shrunk by 2%.

Meanwhile, Jack Ma had surged by 41%.

Many other billionaires also saw their wealth increase,

especially a mere twenty-two-year-old youth who hadn't even made the list last year,

yet this year had transformed into the third richest in the nation.

In terms of net worth, he trailed by only 20 billion.

And this was all before his company had even gone public.

According to Hu Run's introduction, he held Fengyi Technology in extremely high regard.

Because solid manufacturing differs from the internet industry;

basically, whatever you produce can be directly calculated as profit once the market accepts it.

Internet companies, however, sell prospects and tell stories.

Some enterprises, even without profits or with minimal earnings, can still command valuations sky-high.

But such companies often possess extremely low risk resistance.

A single unfavorable factor could trigger a plummet in valuation.

Compared to high-tech manufacturing, their ability to withstand risk is far inferior.

As for the real estate sector, these players are essentially engaged in a game of passing the hot potato.

Even Wanda carries massive debt.

Their nationwide expansion relies entirely on bank money.

Once the financial market or real estate sector encounters problems,

such towering debt could instantly plunge enterprises like Wanda into catastrophic trouble.

In contrast, Fengyi Technology carries almost zero debt.

This is precisely why Hu Run favors Fengyi Technology.

Moreover, the valuation of 190.3 billion Chinese yuan was already his most conservative estimate.

With no debt, possessing invaluable patent rights, and products selling hotly both domestically and abroad,

hadn't everyone seen how venture capital firms like Sequoia Capital were desperately trying to break into Fengyi Technology?

If not for Lin Yi's refusal, Fengyi Technology could likely have undergone several rounds of financing by now.

— Author's Notes —

0 ·Seeking flowers·· ·····

(PS: New book seeking flowers, tips, and rating tickets; your support is the author's motivation!) Done.