Chapter 502: The More You Earn, The Faster You Spend!
As the funds arrived in succession, everyone in Wanlong Society breathed a sigh of relief.
Yang Xin should have been the happiest of them all—after all, they finally had money.
Previously, they had nearly emptied their coffers. These past few months had been like walking on thin ice, each day feeling like a year, terrified that a single misstep in their capital chain would send Wanlong Society Group spiraling into bankruptcy.
You have to understand, much of the Group’s funds were earmarked capital—payments, loans, that sort of thing—totaling over a billion. If someone had sabotaged them, or for any other reason, it could have instantly sent Wanlong Society Group into an irrecoverable abyss.
After securing more than five billion, Yang Xin and the others couldn’t have been more thrilled.
But their joy didn’t last long before they all turned gloomy again.
This money just doesn’t last, does it?
Their provincial capital needed about one billion to build commercial plazas. The investment plan for eleven commercial plazas in BS Province required four to five billion. Fortunately, BS Province could provide some low-interest loans.
Great South City also needed roughly one billion. The logistics company needed to expand, requiring at least five hundred million as a baseline.
Li Xiaohui’s new esports club took fifty million.
Plus restaurant expansions and more…
On top of that, for the newly planned industrial park in Pearl City, some partner businesses had already agreed to invest and build factories there, and Wanlong Society would also provide funds or make investments in partners who were short on cash.
Wanlong Supermarket wouldn’t just be in the supermarket business in the future; it also had to develop downstream industrial chains to ensure the quality and competitiveness of its products were strong enough.
Adding up all these miscellaneous expenses, the over five billion was instantly allocated. Apart from the funds in Wanlong Capital, Wanlong Society Group was even several billion in debt.
If it weren’t for Wanlong Capital covering them, Yang Xin and the others would probably be worrying their hair out again.
Of course, this money was all technically future debt on paper. In reality, the over five billion could last quite a while, not being a one-time investment—estimated to take one to two years to spend.
Even so, when chatting with Liu Yutong, Yang Xin couldn’t help but complain, “I thought we’d struck it rich, but I didn’t expect to become a poor bastard again so soon.”
He meant “poor bastard” as a compliment.
After all, if a company wants to grow quickly and expand, how could it not spend money?
After this round of spending, once all the malls officially began operations, Wanlong Society Group would become a large conglomerate valued at ten billion minimum.
Actually, strictly speaking, Wanlong Society Group was already a ten-billion enterprise because Wanlong Capital held massive amounts of cash.
It’s just that based on the internal restricted stock price calculations, Wanlong Society Group’s valuation hadn’t broken ten billion yet.
A company’s valuation and cash flow are both related and unrelated.
Simply put, cash itself doesn’t directly create high valuations; it’s only one part of a company’s value.
For example, a company with one billion in cash but no growth prospects might have its valuation primarily reflected in that one billion in cash.
While another company with the same one billion in cash but in a phase of explosive growth might be valued at dozens or even hundreds of times that amount.
While Yang Xin and the others were experiencing the bittersweet pain of spending money like water, the internet both at home and abroad was still a field of wailing and lamentation.
The aftermath of the financial crisis hadn’t dissipated that quickly.
On television screens, financial news anchors were reporting the latest updates.
During this period, following Lehman’s bankruptcy announcement, global stock markets have continued to plummet. Preliminary statistics show this financial crisis has caused over XX billion USD in global market capitalization to evaporate…
On domestic internet portal forums, Baidu Tieba, and similar places, it was also filled with lamentation.
Everyone was discussing these news stories.
Circuit breaker, another circuit breaker! My principal is down to one-tenth, fuck!
Someone please save me, I can barely pay my mortgage anymore.
Those Wall Street bastards knew about the collapse long ago and kept it hidden, dragging us down with them!
I’ll never touch stocks again in this lifetime.
Heard some big shot jumped last night in XX location…
On the internet, especially the financial sections, you could barely find any good news.
Just as everyone was becoming numb, a rumor began spreading rapidly online.
Initially, the risk departments of several top Wall Street investment banks and brokerages noticed some unusual activity.
Some accounts opened through complex offshore structures were raking in unbelievably massive profits with every market plunge.
These accounts swung their sickles with deadly precision, their methods cold-blooded and ruthless, showing no mercy.
After investigation, they discovered the owners behind these accounts were likely from the East.
This infuriated them.
Usually, they were the ones harvesting the world, and they had long grown accustomed to this unequal relationship. But this time, they were harvested by mysterious figures from the East instead.
Who could stand that?
Many who learned of this were furious, shouting “Shit!” at the top of their lungs.
This news later reached the domestic internet as well, immediately causing a huge uproar on forums, Baidu Tieba, and other platforms.
“Have you heard? There’s a mysterious group of accounts that harvested over ten billion USD in profits from across the sea during this crash!”
“Holy shit! How is that possible? How did they do it? Do we have such a genius in our country?”
“This must be the Stock God! I want to be their disciple! I don’t want to be a leek anymore!”
“Me too! Seeking info on the big shot.”
“I think this info might be fake, just to boost us leeks’ confidence. Don’t fall for it…”
“I think it’s fake too. How could this be possible?”
“I actually think it’s real. Who says us Chinese folks can’t harvest those across the sea? Don’t underestimate our own people.”
“Exactly!”
While everyone was arguing over its authenticity, a relatively authoritative financial media outlet updated with the latest news.
According to some foreign media and a domestic big shot’s information, it has been confirmed that during this financial crisis, there was indeed a mysterious capital force from the East that used high leverage to precisely short-sell in overseas markets, with estimated profits of nearly twenty billion USD. The boldness of their operations and accuracy of their judgment is truly breathtaking—a textbook example of the art of plunder. This capital and the mainland…
When this news report came out, it was no less than dropping a nuclear bomb on those tycoons whose net worth had been slashed and retail investors who had nearly gone bankrupt.
In a certain villa, a tycoon who had just suffered heavy losses in the stock market suddenly shot up from his sofa, face full of excitement, after receiving a call from a friend.
“What? Say that again?! Our Chinese people grabbed over a hundred billion back from across the sea? Holy fuck! The ancestors have truly blessed us! Which immortal did this?!”
“Spare no expense to help me find these people and the traders behind them. I must pay them a visit!”
The same scene was playing out in many places across the country.
“Real or fake? Over a hundred billion? Snatching food from the tiger’s mouth of Wall Street? Fucking awesome!”
“We’ve finally shown them! Damn, seeing those across the sea take such a massive fall was depressing, but who knew we’d have immortals descend upon us!”
“Even though I lost money, hearing this news feels somehow satisfying! Big shot is incredible!”
“Please let me ride your coattails!”
“Too fucking awesome! This is a hundred times more exhilarating than reading a power fantasy novel!”
“I knew it! Our Chinese people truly hide real dragons within!”
“Quick, find them!”
On the other side.
After meeting with the senior executives of Wanlong Society Group in Great South City, the mysterious big shot revered online as the “Stock God” made a decision.
“Yun Cheng, arrange to withdraw two hundred million in cash to give everyone a bonus!”
……….
PS: Tomorrow is National Day, wishing everyone a happy National Day! Since the author is going out to have fun, I can’t guarantee stable updates. However, if I can write during my rest time and can update a chapter, I’ll update one, trying not to break the update schedule.