Counterattack starts with controlling probability
Chapter 51 Competition
Through discussions and disputes among all parties, Chen Qiming gradually understood the general situation.
As the helmsman of the Oneworld Group, he is well aware that every decision will affect the future direction of the group. Therefore, in the face of this opportunity, he does not want to favor any party.
Seeing that everyone had quieted down, he thought for a moment, put down his glass, smiled and said:
"Since everyone has made their own contributions to the robo-advisory field, why not give you a fair chance to compete? Li Hao's New Star Investment has indeed performed well, and he has promised to provide a trial of the Noah's Ark system, which I fully appreciate."
He nodded as he spoke, then looked at Stanley and Andy. "As for Bloomber, as a long-term partner, of course we have to give you the same opportunity. I'm looking forward to seeing Dark Moon's performance."
As soon as Chen Qiming finished speaking, Li Hao and Stanley held their breath, waiting for his next proposal.
Chen Qiming said slowly, "I've come up with a relatively fair approach. 'Ark' and Bloomberg each have their strengths and weaknesses in data services, but judging by the data, the gap isn't huge. Next, the real test will be the performance of the AI investment advisory system developed based on this data system—what kind of market performance it can achieve is what matters most."
Chen Qiming paused, looked at Li Hao and Stanley, and said solemnly, "Whoever's investment advisory strategy can first outperform the benchmark by twice its return, while keeping the maximum drawdown within 50% of the benchmark, will be the one that our Universal Group fully cooperates with, and will become our exclusive investment advisory system in the future."
His words gave both parties a relatively objective competitive goal. In fact, whoever reaches the profit requirements first, or whoever fails to control the profit drawdown, will automatically be eliminated.
This goal is both clear and arduous. It requires achieving returns that are twice as high as the benchmark while also controlling drawdowns, which is a considerable challenge for any investment advisory system.
Li Hao and Chen Kai looked at each other and nodded, indicating that they were willing to accept.
Stanley and Andy hesitated for a moment, then nodded in agreement with Chen Qiming's proposal.
The two sides seemed to have reached some kind of tacit understanding at this moment and raised their glasses to celebrate.
The wine glasses clinked together under the light, and the atmosphere seemed to relax a little.
However, just as the glasses clinked, Chen Qiming smiled faintly, looked at Stanley, and casually said, "However, in the process of competition, some things still need to be done in moderation. Chen Kai mentioned that there seems to be some recent public opinion offensive against New Star Investment on the online platform. I wonder what your views are on this?"
A barely perceptible smile crossed Stanley's face, but he quickly concealed it.
Then, he pretended to be indifferent and said, "Mr. Chen, this is just part of business competition. Market opinions are constantly emerging, and customers will make choices based on their own judgment. This is beyond our control."
Chen Qiming's eyes sharpened, and he frowned slightly. "Business competition can be cruel sometimes, but I don't want to see malicious smearing of competitors. It's not good for market order."
There was a hint of authority in Chen Qiming's tone. Stanley felt the pressure and smiled and said, "Don't worry, Mr. Chen. We will communicate with the team about this small matter and try our best to maintain fair market competition."
The conversation came to an abrupt end with this sentence, but Li Hao understood that this did not mean that Dark Moon would stop.
Stanley was clearly playing Tai Chi, verbally agreeing but not making any actual commitments.
Chen Qiming did not continue to ask questions. Instead, he changed the subject and led the conversation to the future development direction of the new project. Obviously, he did not want to make the atmosphere more tense.
After three rounds of drinks, the dinner was gradually coming to an end.
Li Hao and Chen Kai realized that the two sides had officially entered the stage of head-on confrontation.
A market competition hidden in the investment advisory field has unknowingly begun.
After the dinner, Li Hao stood at the door of the hotel, watching the backs of his direct competitor's team leaving.
He thought to himself, "The truly difficult competition has finally officially begun."
He turned to look at Chen Kai and said slowly, "Boss Chen has given both of us a rather difficult task today. However, now is the time to see the real deal. Since you've given us the opportunity, let's speak with absolute strength."
"As long as we can achieve the goal of outperforming the benchmark by twice the return while controlling the drawdown, New Star Investment will be able to dispel all doubts that Universal Group has about us," Li Hao continued.
Chen Kai nodded and said confidently, "Since Old Chen wants fair competition, let's show them the confidence of New Star Investment. I also have to teach those trolls a lesson and let them see our true strength."
Li Hao smiled and continued, "At the same time, this is also good news for President Liu Fei and Feiyue Media. Our strategy will not only help him achieve higher returns, but will also allow the outside world to see the true strength of New Star Investment."
When Chen Qiming finally left the hotel, Li Hao, Chen Kai and Hu Chao saw him off to the door.
Night fell and a cold wind blew. Chen Qiming walked in front, Li Hao and Chen Kai walked side by side, and Hu Chao followed behind.
A few people stood at the entrance of the hotel and exchanged a few pleasantries. Chen Qiming suddenly spoke up, "Li Hao, thank you for your sincerity today. I've often heard Xiao Kai talk about you before, and seeing you in person today is truly extraordinary. And, to be honest, there aren't many people who would let me personally discuss business in depth with you."
Li Hao smiled modestly. "Mr. Chen, we're also hoping to seize this opportunity. You have many friends with extensive experience in the market, and being able to borrow your insights is a valuable opportunity for New Star Investment. Furthermore, if we're fortunate enough to work together, we'd appreciate your continued support."
Chen Qiming smiled faintly. "That's easy. After all, Xiaokai works for you too, and he's considered a core member. I'll definitely help you out if I can. However, the investment advisory market is not easy, and the competition is fierce. There are still some issues to be resolved, especially with hardware. You still have a lot of obstacles to overcome."
He looked at Li Hao and patted his shoulder encouragingly.
"Speaking of hardware, I'd like to ask Mr. Chen for some advice." Li Hao took the opportunity to express his concerns. "Actually, our computing power equipment has indeed reached its limit. In order to break through the existing technical bottleneck, we would like to purchase more advanced computing power hardware. Although I know it's not easy, I'd like to ask if you have any channels that can help? Even if it means a premium, it's okay."
Chen Qiming stroked his chin thoughtfully and looked at the night sky. "I know a lot about this equipment, especially international cooperation. You can try asking some friends. However, there aren't many top-notch equipment, so whether it will work is still unknown."
Li Hao was delighted and thanked him repeatedly: "Mr. Chen, we are very grateful that you are willing to help us ask!"
Chen Qiming nodded and continued, "Actually, I'm very satisfied with your performance today. The fact that Xiaokai has learned so much from you is already a great achievement for me. You've provided him with room to grow, and as a father, I'm naturally very grateful."
Chen Kai whispered beside him, "Dad, I didn't really study much. It was them who were always studying me!"
When he said this, he had a bit of a unwillingness to admit defeat and a bit of pride.
Hu Chao smiled and teased, "Master Chen, anyway, you've finally gone to work, haven't you? If you get the chance, learn some real skills from your dad!"
They smiled at each other, and the atmosphere became more relaxed.
Before leaving, Chen Qiming suddenly turned to Li Hao and said, "Xiao Li, it all depends on your performance. The business world is like a battlefield. Since I want to give both sides a fair chance, you can go all out in the competition between Dark Moon and Rising Star."
Watching Chen Qiming leave, Li Hao felt a strong determination in his heart.
He knew that this competition was full of unknowns, but also full of opportunities.
This is not only a direct competition between Nova Smart Investment and Dark Moon Technology, but also a moment for Li Hao and his team to prove their strength to the entire market.
The next day, Li Hao gathered the team and described everything that happened yesterday in detail.
Among them, Chen Qiming's response to computing power equipment and his proposal for fair competition greatly boosted the team's morale.
After listening to Li Hao's speech, Xu Lei proposed a new direction: "Li Hao, last night we talked about computing power equipment. In fact, Amazon has always been at the forefront of the industry in this regard. If we can cooperate with them at a deeper level, perhaps we can solve the computing power problem."
Feng Zhiyuan nodded in agreement, "Indeed. Amazon has made breakthroughs in the development of large language models, and they've done in-depth research on computing power requirements. Zhang Feng has a unique understanding of this aspect."
Li Hao's mind moved: "Okay, then I plan to formally visit Zhang Feng to see if there is any possibility of in-depth cooperation, especially the application of large language models, which may bring us new inspiration."
Xu Lei then added, "I suggest taking this opportunity to conduct another comparative analysis, comprehensively reviewing Rising Star's advantages in the market and determining if there is room for improvement."
"In addition, Zhiyuan can help us list the similarities and differences between Bloomber and Noah in data services, and then make corresponding adjustments based on the needs of new strategic improvements. This way, we can not only meet Mr. Chen's considerations, but also ensure the stability of Nova," he said.
Li Hao nodded in agreement. "That's a good idea. We must conduct a detailed analysis of everything from the underlying architecture and data comprehensiveness to the diversity of high-frequency data. Since Mr. Chen wants fair competition, we must be fully prepared to ensure that the Ark system can compete with Bloomber in every performance indicator."
"This time, it would be great if I could use the power of Amazon to strengthen Noah's data..." he thought immediately.
Unexpectedly, at this moment, his cell phone rang.
It’s Zhang Feng calling!
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