Chapter 640: Chapter 273: Clearly Didn’t See Him as a Person! (Part 2)
"Haven’t you always wanted to do this?"
"No, I haven’t. I’ve just wanted to keep up with you, but I don’t know if that counts now..."
"Of course it counts, you’ve already surpassed me..."
Li Yang stressed those particular words heavily.
Jiang Banxia didn’t notice, and whispered, "But I feel a bit insecure, afraid I won’t do well."
"And then?"
"Honey, lie down, let me learn from you..."
Jiang Banxia had already decided to go all in.
This time, she must learn a few more tricks from Li Yang to ensure the safety of these funds.
Over four hundred billion in funds has far exceeded her management scope, she has to call for external assistance.
Anyway, the couple had long been acting in unison, privately discussing things, there’s no violation.
It’s best if Li Yang could directly reveal the wealth secrets.
...
Jiang Banxia didn’t stay too long, she returned by Wednesday.
She was bold enough to ask for anything now, bodyguards, drivers, medical teams, she gathered people together.
Even if she went upstairs for some business, the car would be closely monitored to ensure no one tampered with it.
Li Yang, on the other hand, had none of that; he didn’t like being watched all the time.
To be blunt, he was now just a freeloader internet celebrity, an average entrepreneur.
Li Yang would check Extreme Shadow Cars’ sales whenever he had time, still far from his target of five hundred thousand units.
The reason was that domestic electric cars had no heat at all; they were products people despised. Countless people cried out: even if I die, I won’t buy an electric car.
It wasn’t until the next year, when Tesla rolled out extensively in the country, selling over forty thousand units per month, along with several domestic companies actively launching attractive, high-quality, cost-effective electric cars, that electric cars entered most people’s view.
No matter how well Li Yang marketed, he couldn’t compare to even one strand of a foreign brand’s reputation.
This perception accumulated over decades, commonly thinking domestic brands couldn’t cut it.
In reality... as for cars, it indeed wasn’t very good; it would take another year for the domestic new energy vehicle industry chain to integrate for costs to come down.
Otherwise, just like Extreme Shadow Cars, just the hard costs would be over three hundred thousand, adding in operational and R&D costs, selling below seven hundred thousand would be losing money.
Shaking Light cars, priced at five hundred thousand, would be considered conscientious by those who tried it.
But if sold for a million, even if the comfort and driving experience were maximized, people would feel something was lacking.
This is consumer cost psychology.
It’s not necessarily that luxury cars are worth their price, but luxurious brands have been widely recognized through years of marketing.
Even if their cost is two hundred thousand and sold for one hundred twenty thousand, it can satisfy psychological superiority.
Li Yang miscalculated last year talking to Jiang Banxia about selling five hundred thousand units, he didn’t thoroughly think it through.
Even with orders, production couldn’t keep up.
With only five months left this year, a total of one hundred forty thousand units had been sold, while another sixty thousand were on order, requiring a three-month wait.
No way would it be made in time.
If orders kept increasing like before, thirty thousand orders wouldn’t be a problem this year.
But production capacity was limited; many would find out their new car was already outdated before getting it...
In Jiangbei, production expansion was no longer possible, not just because of insufficient space, but also additional costs from further expansion.
The next step is Capital City...
Building cars in Capital City was expensive, but now he had a way to cut costs.
In mid-August, Jiang Banxia negotiated with the bank and gained ownership of Musician’s pledged shares.
That day, Musician’s stock rose directly by 10% from two dollars.
This year, the Growth Enterprise Market hadn’t been overhauled yet, needing to wait until August 2020 for amendments to allow a daily limit of 20%, currently still restricted at 10%.
Li Yang claimed 26.9% of Musician’s shares under his name, becoming the largest shareholder, and took on Musician’s over two hundred billion debts.
Presently, Musician’s market value is just four billion, though it was still operating hard, generating three to five billion revenue annually.
But in reality, the interest from those debts exceeded this.
Not to mention, wage a whole bunch of employees, and some company executives were benefiting self-indulgently without restriction.
This was a mess.
Li Yang only valued two points.
First, Musician’s accumulation of film rights, basically representative of half the domestic film industry.
With these rights, Kuai Pai can reasonably adapt or directly transport films over without legal risks.
Simultaneously, it can leverage this, suing other short video platforms into oblivion.
Preventing them from direct transport.
Even for adaptations, authorization would need to be sought from Musician.
The second reason was the Cen Family’s strategic efforts for Boss Jia in Capital City to snatch a piece of land, priced very cheaply.
Though the location was remote, Capital City had no cheap places, quite suitable for him to construct a production center here.
That piece of land belonged to Musician, many coveted it, but no one dared touch this hot potato.
Li Yang reconvened the board of directors, but... no one was willing to come.
Some even specifically contacted Li Yang, wanting to sell their shares to him.
Li Yang saw it and was furious, "Selling crap! Do I look like someone collecting junk? If you don’t cooperate honestly, nobody will have a good time!"
Thinking of escaping now?
How could Li Yang manage this alone? With such a big mess, he’d die of exhaustion.
So he straightforwardly delivered harsh words to them, giving them three days to show up, or... he’d go compete.
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