Reborn in 2014: A One-Man Tycoon
Chapter 78 There is no reason for laymen to lead experts.
After Liu Fu left, while Liu Dong was still washing dishes in the kitchen, he took advantage of the moment.
Meng Chuan and Liu Qian cuddled together on the sofa for a while.
Finally, with Liu Qian blushing and reluctant to leave, Meng Chuan returned to his villa.
The next day, Meng Chuan turned on his computer in his office.
As agreed with Shen Yue yesterday.
Meng Chuan began building up his position.
However, Meng Chuan did not log into his account.
Instead, they used an unfamiliar account that Shen Yue had provided yesterday.
This account belongs to a foreign company registered overseas.
This type of account is relatively difficult to trace the whereabouts of funds.
Meng Chuan had no idea how Shen Yue had managed to obtain such an account.
The Lin Group's stock price is currently stable at 22 yuan per share.
This is because Meng Chuan has 5 billion yuan in real money supporting it.
Meng Chuan injected 30 billion yuan into foreign accounts as a margin.
They then borrowed another 1.3 million shares of Lin's Group stock from the securities company acting as a nominee.
Then it was sold off slowly at a price of 21 yuan.
Borrowed items must be returned.
If the Lin Group's stock price rises.
Meng Chuan will lose money when he returns the stocks.
If the Lin Group's stock price falls.
Meng Chuan can then profit from the price difference.
This borrowing is called emptiness.
However, there is a limit to the price increase in the stock market.
Whether it goes up or down, as long as it exceeds 10%, it will hit the daily limit up or down.
Therefore, it will take Meng Chuan at least two or three days to end this short-selling attack on the Lin Group.
Meng Chuan was mentally prepared for a protracted war.
After doing all this, Meng Chuan sent an OK gesture via his phone.
Not long after, Meng Chuan received a video from Shen Yue on his phone.
Meng Chuan was taken aback when he saw the familiar icon.
It turned out to be a Douyin video.
Douyin is already online?
This is almost half a year ahead of historical records.
Meng Chuan opened Douyin (TikTok), which was playing a video about the Lin Group's financial fraud.
The title of the video is:
The Lin family is suspected of embezzling 3 billion yuan of the group's public funds.
However, the video has only been viewed a little over a hundred times.
"Then I'll add fuel to the fire!"
Meng Chuan smiled, took out his phone, and made a call to Zhang Erming.
"President Meng, what are your instructions?"
Zhang Erming responded to Meng Chuan's call with great respect.
He even seemed a little reserved.
After all, Meng Chuan invested a whopping 10 billion yuan in ByteDance.
Then they stopped caring and asking questions.
Upon receiving Meng Chuan's call, Zhang Erming couldn't help but feel a little nervous.
"Douyin has launched? That's great. How many users does it have now?"
Meng Chuan said with a smile.
"I've already merged another app under the same company, 'Volcano Video,' into Douyin. The number of users has already exceeded three million and is still increasing rapidly. I was thinking of sending you a copy after I've compiled the data!"
Zhang Erming was clearly excited about this.
It also exudes a hint of pride.
With Meng Chuan's 10 billion, he could finally stop being so restrained.
"You don't need to send it to me. You can make your own decision. I won't get involved or ask questions."
Meng Chuan said.
"President Meng, what can I say? I'm flattered!"
Zhang Erming smiled bitterly, yet with gratitude in his eyes.
That's 10 billion!
They just dumped it on him, and then Meng Chuan vanished as if he'd disappeared into thin air.
Even between a father and son, it's not certain that Meng Chuan would have this level of trust.
This trust weighed heavily on Zhang Erming's heart.
"There's no need for that. You're the professional. There's never a reason for an outsider to lead an expert."
Meng Chuan hesitated for a moment before saying:
"However, I do have two suggestions. Try listening to them, and if they work out, give them a try."
"Okay, Mr. Meng, please go ahead, I'll definitely listen."
Zhang Erming quickly said.
Is Douyin's main focus now on short music videos?
Meng Chuan asked.
"Yes, our name is Douyin, and naturally, we focus on music videos."
Zhang Erming said.
"Music can indeed be captivating, but considering my country's massive population, ordinary people still make up the vast majority, and not everyone can sing."
Meng Chuan said:
"We could try using 'recording the beauty of life' as a theme to allow ordinary people to participate. The key is participation!"
This suggestion from Meng Chuan was not his original idea.
The normal procedure was that Douyin would not have launched the slogan "Record the beautiful life" until 2017.
It truly achieved participation from all citizens.
This also allowed Douyin to quickly seize the vast majority of the short video market.
"That's a great suggestion! Mr. Meng, you're amazing! How come I didn't think of that?"
Zhang Erming was immediately awestruck.
After all, this is an area he has been deeply involved in.
Why are so many singers willing to join Douyin?
I chose Douyin because it's a platform where I can express myself!
Who says ordinary people can't express themselves?
There are many more ordinary people, and they don't necessarily have to sing!
You can also dance, perform your special skills, or record every little detail of your life!
Zhang Erming became increasingly excited as he thought about it, and he even wanted to kiss Meng Chuan.
Because Meng Chuan opened a completely new door for him.
"My second suggestion is to develop a live streaming feature! Invite some celebrities to do live streams to bring celebrities and fans closer together, which can naturally attract users quickly. This may not be any less effective than spending money on advertising."
Meng Chuan spoke again.
The emergence of live streaming functionality was truly disruptive.
Television live streaming is too expensive; it's not a platform that ordinary people can afford.
This brand-new model of mobile live streaming will quickly become popular.
If Meng Chuan remembers correctly, Douyin launched its live streaming function in October 2017.
By the end of December, daily active users had exceeded 300 million.
Therefore, the rise of Douyin is not without reason.
Often, taking one step ahead leads to taking every step ahead.
"I've considered the live streaming feature before, but the development cost was quite high. However, we have the money now, and since you've brought it up, Mr. Meng, I'll give it a try. I'll try to develop it as soon as possible."
Zhang Erming was clearly not very enthusiastic about Meng Chuan's second suggestion.
At least they didn't show the same excitement and surprise as the first suggestion.
Meng Chuan smiled but didn't explain.
The live streaming feature is the real game-changer.
When there are no live streams, many celebrities, presuming on their status, don't bother to open an account on Douyin.
After the live streaming service was launched, even superstars flocked to the Douyin live streaming room.
Because that's where you can truly make a fortune every day.
Moreover, live streaming e-commerce will soon emerge after live streaming is launched.
At that time, Douyin's dominant position will be unshakeable.
"This is just my layman's advice, you decide what to do. By the way, I'll send you a video in a bit, please help me gather all the traffic and promote this video."
When it came to serious matters, Meng Chuan also began to become serious.
"No problem, send it to me."
Zhang Erming immediately assured him.
This is a simple matter; just push it.
After chatting with Zhang Erming for a few more minutes, Meng Chuan hung up the phone.
After that, Meng Chuan also downloaded Douyin on his phone.
However, the content on Douyin is still relatively limited.
The vast majority of these videos are posted by people who think they sing well, or by unknown singers.
Meng Chuan had only scrolled through a few videos when he came across one about the Lin Group's financial fraud.
It seems Zhang Erming takes Meng Chuan's request very seriously!
And in just a short time, the number of views has already exceeded tens of thousands.
That's enough.
Meng Chuan immediately logged into his account on another computer.
Meng Chuan continuously sold off shares of the Lin Group, valued at 5 billion.
Meng Chuan's 5 billion is the "pillar" of Lin's Group's stock.
This Optimus Prime fell down.
For the Lin Group.
It was as if the sky had fallen.
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