I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 875 Housing Market Collapse
"Thirty billion?"
Hearing this number, He Wenhao muttered subconsciously.
To be honest, he was well prepared and knew that Haijing Technology was going to make a big move by hiring him.
The amount of funds that he could mobilize should not be small, but he did not dare to think that the amount would be 300 billion.
And this is the amount of funds for one quarter. To be honest, even if Hillhouse Capital is not facing large projects, the investment amount in one quarter would not be so large.
Don’t be fooled by the fact that Hillhouse Capital invests in many projects every day. For example, it recently invested in “Bu Cha Bu Fan” with a valuation of 30 billion RMB.
But in fact, the shares financed are only 20%, equivalent to million RMB.
Not to mention that "Bu Cha Bu Fan" is already a C-round project, and most of Hillhouse Capital's projects are still in the A and B rounds.
Most of these projects are funded by tens of millions of dollars. Only when we occasionally encounter a great project or a project with potential will the investment amount go up.
In fact, He Wenhao originally estimated it to be 10 billion, and this was his highest guess.
"Well, actually, we originally planned to prepare more, but considering that the company has new projects, especially some infrastructure projects, we need to reserve funds."
"To prevent the project from being left unfinished, we will use 300 billion as the funding standard."
Haijing Technology raised a total of nearly 5000 billion yuan through its IPO.
Among them, hundreds of billions of yuan have been reserved for new city projects, headquarters buildings and other projects.
Jiang Hao has also reserved tens of billions for AI projects.
In addition, the company's servers, that is, the cloud computing center, are constantly expanding, and new employees and new talents are continuously recruited.
All in all, the remaining amount of funds is approximately RMB 2000 billion.
Jiang Hao plans to invest these funds in various industries around the world within two years.
Really start casting a wide net and spreading the foundation of Haijing Technology.
He Wenhao subconsciously clenched his teeth and tried his best to appear calm, not wanting to show that he had never seen money.
It was not until the meeting ended and I returned to my new office that I turned on my computer in a daze.
Then he excitedly started to greet some of his old classmates and friends.
He still needs to be personally responsible for the establishment of the entire strategic investment department. Naturally, the people that Mr. Zhang poached from outside are not as easy to cooperate with as his old friends.
Moreover, Haijing Technology is really wealthy and powerful, and He Wenhao is now frantically recommending it to his friends!
In just one week, the Strategic Investment Department was almost complete.
Haijing Technology's attraction to talents is as strong as a flame.
As long as the price is higher than the previous one, everyone is willing to come.
In the market, Haijing Technology's funds quickly flowed into the secondary market.
The stock markets in global markets such as A-shares, Hong Kong stocks, and US stocks have begun to purchase stocks of leading companies on a large scale.
Tencent, Xiaomi, Meituan, Amazon, Twitter, Tesla and many other companies.
It can be considered a strategic holding. Although the amount of funds is huge, for these leading companies, Haijing’s funds are nothing.
At the same time, domestic housing prices began to collapse further.
It was originally thought to be just a short-term technical adjustment, but in reality it has entered an avalanche.
In less than half a month, nearly 100,000 second-hand houses flooded into Songjiang City's second-hand housing market.
Houses that were priced but unsold half a year ago are now suddenly everywhere.
Moreover, the prices were much cheaper than they were half a year ago. For a time, housing prices really began to collapse.
The various topics that the society had originally paid attention to, such as stocks, new energy vehicles, etc., suddenly became silent.
The public is paying close attention to today's rapidly falling housing prices and feeling the shrinking of their own wealth.
...
"Hello, Dad?"
...
"Xiao Jiang, are Songjiang City's housing prices falling drastically now?"
The call was from Yu's father. In fact, Yu's father had already sent him messages on WeChat in the past two days.
Faced with the rise and fall of housing prices, Yu's father was quite concerned. In fact, during the New Year period, they always talked about houses.
"It's still falling. The price is not bad now, but there are too many houses in the second-hand housing market all of a sudden."
"They are all unsold, and I estimate that the prices will drop significantly during this period."
When the signs of trouble appear, it is inevitable that houses purchased by real estate speculators will be trampled upon.
Fortunately, the price they paid for the house was not high, as most of the bets were placed two years ago.
As long as there is a loss-making sale during this period and the price drops low enough, there is still a chance to sell it.
It's not even a loss, after taking into account some capital cost and interest, you will just earn less.
It is actually very difficult for the parties involved to accept the change from being rich overnight to making a small profit today.
But if you don't act now, it will be a real pain in the ass later.
For ordinary residents, the worst that can happen is a reduction in their wealth due to their basic housing needs. For this group of people, their funds are completely crushed and they still have to pay high interest.
"Ah? It's going to fall further! Is it possible that the housing price will never go back up?"
Father Yu's voice was full of regret. Jiang Hao had actually guessed this two days ago, and seeing this, he couldn't help but speak out.
"Dad, did you buy a house before the New Year?"
He remembered that it was Xiaotong who persuaded the other party at that time.
During the second half of last year, housing prices did indeed rise wildly. People around Jiang Hao, especially those in the company, were discussing housing prices and buying houses every day.
Naturally, Yu's father was no exception. He even asked Yu Xintong to discuss with Jiang Hao about buying two more houses in Songjiang City.
It's just that he was persuaded by Jiang Hao at that time. Now it seems that he did not persuade him, but had already bought it secretly.
"Ah~! Your mother and I couldn't help it!"
"Your uncles kept whispering in my ears, so I discussed it with your mom and finally decided to buy a set."
On the phone, Yu's father was full of regret.
"I bought a new property in Yihe District, priced at 240 per square meter, a duplex villa, square meters."
"I looked at that... that... anyway, the software showed that the housing price is only 42,000 per square meter. Do you think the property prices over there can go up further?"
Yihe District, the old town area of Songjiang City.
That's where Ren Yixin lives. The overall development is not bad if taken alone, but it actually lags behind the average development of Songjiang City.
As for the housing prices... a duplex villa in Jiangning District would probably cost even 40,000 yuan now, not to mention Yihe District.
And it was obvious that Father Yu had not given up yet, and he had not listened to anything he had just said.
"Dad, my suggestion is to act sooner rather than later."
"Or if you plan to live there in the future, then just keep it and take the loss if you can."
For Yu's father, although it is painful for a house worth tens of millions to drop in value by hundreds of thousands, he can still afford it.
The "Poppy" gaming chair has been sold to Southeast Asia, and business is booming.
I guess he is feeling more regretful now, so he asked for his advice.
"Oh!! I should have listened to you earlier!"
"I didn't know what happened at the time. I really listened to Xiaotong's uncle and couldn't help but secretly bought a condom."
"I'm still lucky. I heard that your uncle bought three houses, and one of them was bought using Wang Zijian's identity. He's so anxious every day!"
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