High School Belle Fell in Love with Me

Chapter 405 - 193: Fivefold Odds

Before the fund announces its real-time net value, to see the net value of a held fund, you have to wait until after nine in the evening.

Of course, even if the function of real-time net value estimation appears in a couple of years, it only serves as a reference, because the estimate is based on the profit and loss data calculated from the fund’s holdings days ago, which may differ from the actual holdings of the fund.

Unless the fund’s holdings remain stable without adjustment, the data might not be very meaningful for funds frequently adjusting their positions.

The online rumors about Jiang Banxia’s downfall were simply based on the holdings of the Wanliu Mixed Selection fund from half a month ago, which saw its major stocks hit widespread limits down.

As for what adjustments Jiang Banxia has made during these two weeks, few people know besides herself.

Moreover, with thousands of stocks hitting limits down, any adjustments are pointless, you’re just switching one limit-down stock for another.

Today in the entire A-shares market, only sixty-three stocks rose, with only six of them hitting the upper limit.

Li Yang wasn’t making things up; if problems arise on Jiang Banxia’s end, he plans to use all his reserve funds to help cover for those fans.

As long as his funds can enter the market, a capital stampede will be avoided, and getting through this week would suffice.

Another thousand-stock limit down will come in a couple of days, and the entire market will fall from 3,500 points to 2,700 points this week, an explosive situation even compared to last year’s market crash.

Li Yang can imagine a group of hidden maggots in the darkness celebrating wildly at this moment.

He and Jiang Banxia have begun to touch other people’s interests, and this kind of thing will happen often in the future.

Direct confrontation is impossible, but they won’t miss any chance to stir things up.

When Jiang Banxia asked him if he had any projects today, he guessed what she was thinking.

After all, how can Master Jiang not be cautious? Doing nothing would be unusual.

Actually, the shared electric vehicle project was originally difficult for him to pursue because of a lack of resources in the early stages, starting later than ofo, which makes defeating the competitor quite challenging.

But he’s very grateful for the divine support from David and the Cen Family.

David is indeed a shrewd person but has overreached in his cunning.

So far, ofo’s little yellow cars have not utilized any resources, as long as there is money.

But this does not mean that ofo’s little yellow cars will not need resources in the future.

If they don’t give meat to those who can provide resources in the early stage, how can they expect them to take on greater risks later on?

Additionally, another reason is the Cen Family provided too much money.

Eighteen million, David had no reason to refuse, and subsequently can dilute the shares held by the Cen Family in various ways.

From David splitting one Series A round into many rounds, it shows his extreme pursuit of money, making such a choice is understandable.

He believes that the bigwigs are certainly patient in waiting for the next round; after all, this round is just a few billion in valuation, and there’s still a lot of room for growth in the future.

Yes, there indeed is.

The bigwigs are not fools since David has already verified the potential of the shared model. Why don’t the bigwigs do it themselves?

Originally, Li Yang and Shunwei Capital only had a simple chat, but after ofo’s little yellow cars’ Series A financing emerged, Shunwei Capital finally made up its mind.

These days, both sides have talked a lot, especially Li Yang’s familiarity with the shared model, which was quite refreshing to them.

The hardest part of the shared model is monetization, the deposit and rent which, at present, are simply not enough to support daily operations.

When daily operations cannot be sustained, how do you expect to make money?

At the very least, there should be a way to exploit, right?

ofo currently doesn’t even have a method to exploit, except for withholding the deposit.

However, the shared electric vehicle stated by Li Yang is evidently more promising, as at least the application scenarios for electric vehicles are more extensive than those for bicycles.

As for the cost of electric vehicles? Do they care?

A few billion more in costs is nothing to them. Even if it goes up by tens of billions, they can provide the funds as long as the endeavor can be expanded and strengthened.

Li Yang’s entrepreneurship is different from others, while others start from scratch where even hundreds of thousands or millions are significant amounts.

He has the capability to directly contact high-end resources.

For instance, capital that has always wanted to invest in ofo’s little yellow cars.

He can instantly maximize resource allocation.

Regardless of whether it’s Li Yang, Shunwei Capital, Ali, or Baoshan Investment, they are all highly renowned in the industry.

Of course, most of Li Yang’s fame in the investment circle comes from Jiang Banxia.

Although the name Baoshan Investment is unfamiliar, it holds the ultimate ownership of Amap.

...

The Cen Family is watching Li Yang’s live broadcast.

Upon seeing Li Yang’s live broadcast and his promise to invest personal funds, it was clear that this time Li Yang panicked.

In the financial circle, this kind of guiding statement is a violation, and Li Yang doesn’t even have a professional qualification certificate.

However, regarding mutual funds, this violation is somewhat trivial, though if pursued thoroughly, Li Yang would certainly be criticized a bit.

They understand too well the precarious position Li Yang is in, where he dares not miss a single lesson, fearing he’d fail by the end of the semester.

Now, saying such things in front of so many people, if not panicking, what is it?

This live broadcast content alone is enough to disgust Li Yang again.

After the live broadcast ended, Li Yang went into the bedroom.

It was already past eight, over an hour since dinner, Li Yang saw Jiang Banxia playing on her phone over there, so he asked: "Why aren’t you taking a shower? Don’t tell me you want me to help you wash?"