Only after being reborn did I realize how fascinating the world of the rich is.

Wang Shaocong asked curiously, "How much money did you invest in your chip foundry?"

Li Xiaofeng smiled and said in a calm tone, "Not much, only eight billion. Of that, two billion is for R&D expenses and six billion is for factory investment. The factory will be built in three phases, and the first phase has just started."

"Eight billion, and you're just paying it off?"

"In the technology sector, an investment of 180 billion or 200 billion is nothing. If this 80 billion investment can start to generate profits, even more will need to be invested later, and the future investment may exceed 100 billion."

Wang Shao Cong said with a skeptical look, "One hundred billion? Do you have that much money right now? If you had that much money, you would definitely be the richest person on the rich list!"

"Of course not now, but you can always make money!" Li Xiaofeng was very confident in himself. He believed that the real estate he owned alone could generate a gross profit of one or two hundred billion yuan in the future.

Wang Shao Cong said with a hint of disdain, "Anyone can brag. I could say I can earn a trillion in the future!"

Qin Kai, only concerned with his own investment, pressed Li Xiaofeng for an answer: "You mean we have no problem investing in the gaming industry, right?"

Li Xiaofeng thought for a moment and said seriously, "If you want to invest in the game industry and just dabble in it, that's fine, but if you want to grow big and make a name for yourself in the game industry, you should probably forget about it!"

"Why?"

"Why? Isn't it obvious? In fields like gaming and social media, Tencent is the undisputed and unrivaled king of the industry; no one can compete with it."

If you want to grow and strengthen the gaming industry, you will definitely have to get involved in a project yourself, which will inevitably lead to a direct conflict with Tencent.

The best way is to partner directly with Tencent and let them protect and support you. Otherwise, you definitely won't succeed. There are too many companies in these industries that are associated with Tencent.

At this point, Li Xiaofeng turned his gaze to Wang Shaocong and said with a smile, "If you can really take what I'm saying to heart, then you won't have wasted that million."

Men fear choosing the wrong career, and women fear marrying the wrong man. If a person wants to achieve something in this society, the right choice is more important than hard work; if you choose the wrong path, all your efforts will be in vain.

In addition, it's not enough to just choose the right option; you also have to put in your best effort. You rich kids all have one common problem: you're all talk and no action.

My advice to you is to leverage your informational advantage and focus your efforts on investing. Don't try to do things yourself; you'll likely suffer a terrible defeat.

Qin Kai asked with a grin, "President Li, you're not talking about me, are you?"

Li Xiaofeng smiled and nodded: "Of course, that includes you. Don't think that just because you used to run a real estate company, you have entrepreneurial ability. That's mainly because you chose the right industry."

Back in your day, as long as you acquired land and developed real estate, you were guaranteed to make money. But times have changed, and competition in all industries is becoming increasingly fierce.

Many real estate companies are now experiencing losses and going bankrupt, not to mention other industries.

The gaming industry is actually a part of the cultural industry, and it has a lot of uncertainties. No one can guarantee that they will make money 100%. When investing, it's always good to be cautious.

Just then, Cao Jinpeng walked over, greeted Qin Kai and Wang Shao Cong first, and then smiled at Li Xiaofeng and said, "You've been hiding here chatting. I've been looking for you for ages!"

So Li Xiaofeng greeted the two men and followed Cao Jinpeng to another location.

Watching Li Xiaofeng's departing figure, Wang Shaocong said to Qin Kai with some resentment, "Brother Kai, don't you think this guy is a bit pretentious? Anyone who didn't know better would think he was the richest man, but in reality, he's not even in the top ten of the rich list."

Qin Kai smiled and shook his head: "The rich list rankings are based on publicly available information such as listed companies. The Li Group currently only has one listed company, Wanzhong Media, so of course it doesn't make the list."

However, industry insiders know that the Li Group has very strong financial resources. Their real estate investments in 2008 alone, based on current market prices, are conservatively estimated to be worth over 50 billion yuan.

"So what? He definitely doesn't have as much money as our family!"

"Yes, yes, your family is definitely going to top the rich list this year. Hey, what do you think of what he said? We paid two million for this information."

"What do you mean by how you see it? Just believe whatever people say. I think he's just parroting what others say and talking nonsense. There's nothing new in what he said; many people have said similar things."

Investing is something you have to judge for yourself. I'm definitely going to do my own thing and won't be swayed by his few words. What you think is up to you!

Qin Kai frowned slightly: "But he was able to build the Li Group from scratch. To say he's completely useless is definitely not true. Moreover, his ability to seize investment opportunities is evident to all."

You know why Cao Jinpeng is so humble in front of him? It's because he has benefited a lot from Li Xiaofeng over the years.

It's important to know that Cao Jinpeng came from a wealthy family; the two were university classmates and roommates, and he knew Li Xiaofeng inside and out.

"So what? Since the two know each other well, why doesn't Cao Jinpeng invest with the guy surnamed Li? Why doesn't he do business with him?"

I've heard that Li Xiaofeng is very dismissive of the real estate industry, yet he made his fortune through real estate, and he's a real estate speculator at that! That's a classic case of betraying one's own interests!

Upon hearing Wang Shao Cong's words, Qin Kai smiled, as if he understood something.

"So that's why you always find fault with him. It's because he's always badmouthing real estate to others. You really don't need to."

"You're not the only company in the real estate business, and he's not the only one who's pessimistic about the industry. He's not targeting your company specifically."

Wang Shaocong said somewhat impatiently, "I don't think much of him, not because he belittles real estate, but because he says one thing and does another."

You want to ask someone like that for investment advice? Don't you think you're just wasting your time? And you're paying to listen to his nonsense, making me a sucker along with you!

After hearing what Wang Shao Cong said, Qin Kai hesitated again, but still replied perfunctorily, "Actually, it's not about listening to what he has to say, it's mainly about doing charity, anyway, the money won't end up in his pocket."

Wang Shao Cong nodded in agreement: "That's true. All donors will receive a public statement of accounts, which I'm quite satisfied with!"