1994: From a young man from a small town to a second-generation resident of Shanghai
Chapter 57: News Spreads, Capital Takes Notice
Chen Yong put on an embarrassed look, making a show for Zheng Chenggong.
Zheng Chenggong noticed something amiss. This kid kept saying he was a rich second-generation, but when he got shrewd and cunning, he didn't look like a rich second-generation at all. He was more like a cautious first-generation entrepreneur!
Is this really necessary?
You're not even 20 years old yet, and you're already driving a Mercedes. How many people your age can do that?
"Hey bro, how about I give you twenty million? Pretty generous of me, huh?"
Zheng Chenggong first proposed a price, which was already quite reasonable. He had essentially given away the previous batch of unfinished buildings because he found them too troublesome.
Now they're going to spend another 20 million to bring it back, which means Chen Yong got 20 million for nothing. What young person could resist such a temptation?
I became rich overnight!
Twenty million is definitely a huge sum of money.
"Brother Zheng, it's not that I disagree, but as you know, I also want to achieve something and prove myself to my family."
"You still think twenty million isn't enough?"
"Brother Zheng, 20 million sounds like a lot, but compared to the future development potential of that land, it's definitely worth far more than that. Once the schools, subway, and commercial districts are all planned, it's normal for the price to increase a hundredfold."
Zheng Chenggong's heart skipped a beat. "This kid is still talking; he must know something, right?"
"Could it be that he came to set up camp beforehand? Did he already know about it?"
Zheng Chenggong found it hard to believe his guess. If it was true, Chen Yong's background was definitely not simple.
Does he know any important people?
There is only one possibility: it is almost impossible for ordinary people, even wealthy second-generation heirs, to find out the news so early.
In mainland China, power takes precedence over money.
Without power, you can't know many things.
He also knows some second-generation rich kids who make money by relying on insider information provided by their families.
Chen Yong is very likely like that.
Otherwise, just because his family is wealthy, he wouldn't have been able to find out about the news before him.
"Brother Chen, tell me the truth, is there any news?"
He probed.
"If you have any news, be sure to let me know. I won't treat you unfairly."
"Brother Zheng, there's no news. What I know, you probably know too. But you might have some news."
"If you really have any information, I'll make you rich. I only want 5000 million."
Chen Yong immediately asked for 50 million, a sum that even made Xiao Hong, who was just sitting there as a decorative figure, tremble.
This amount of money was beyond her imagination.
You couldn't earn this much money even if you worked your whole life.
At this point, she had a clear and specific understanding of Mr. Chen's abilities.
Zheng Chenggong was taken aback by the price Chen Yong had quoted. "Brother, you really dare to ask for fifty million. You might as well just sell me off."
"Brother Chen, we're just doing business. It won't affect our personal relationship. If we can't reach an agreement on cooperation, we can still be friends."
"I'll treat you to a meal; you treated me last time too."
Chen Yong didn't care that the deal wasn't reached this time. Time was on his side. As long as he continued to release information, Zheng Chenggong would naturally get anxious.
Even if he doesn't buy it, there are other people who are interested in the unfinished buildings he has.
After separating from Zheng Chenggong, Chen Yong did not remain idle, but continued to release information in some third-rate tabloids.
[A school and subway line are planned near the unfinished buildings in the XH district]
[Abandoned buildings are given a new lease on life! Subway planning helps!]
[Great news! Great news! A school and subway line are planned to be built near the unfinished buildings in XH district!]
As the news spread, the nearby residents began to believe it.
People started asking how much it would cost to sell an unfinished building.
Because the company financed the development of the property and did not conduct pre-sales, even if the project is abandoned, it will not affect ordinary residents.
When ordinary people know about money-making opportunities, how can they possibly find a way to do it?
The task of ordinary people is to take over the burden.
Once the policy is implemented, they will be needed to take over.
As for the idea of buying an unfinished building in advance, ordinary citizens simply can't find the sales office, and there's nobody there.
There's a saying that goes, "If farming could make money, then farmers would have no land to farm."
The message Chen Yong released was mainly intended for those investors.
As the news spread, some real estate investors began to take notice.
They all mobilized their connections to inquire about the veracity of the matter.
The government had just finished discussing the matter internally and was no longer hiding it, so the insiders leaked the information.
This has caused quite a stir in the investment world.
A chance to make money!
The previously unfinished buildings suddenly became highly sought-after properties.
With such a small per capita housing area in Shanghai, once developed, it could definitely generate a huge profit.
Zheng Chenggong also heard the news and was stunned. "Wait, the news was released so quickly?"
He thought he could stall Chen Yong and make him anxious.
Something seems amiss now. The increasing amount of capital involved means that Chen Yong now has bargaining power.
When there are more competitors, the main consumers have more choices, which naturally leads to a premium.
It's uncertain whether Zheng Chenggong can afford to spend another 50 million to take over the property.
…………
Fudan University.
The School of Economics and Management is discussing the number of students from the Class of '94 who will be sent abroad for academic exchange.
The start of the second semester needs to be decided.
There are three spots available in the finance class.
There are only two economics classes.
The selection criteria are simple: it depends on the overall score.
It consists of two main parts: the final grade of the previous semester and the points for daily activities.
Participating in an activity recognized by the college and winning an award can add 10-50 points.
Chen Yong ranked fourth in his class at the end of last semester. Although he didn't study much during the semester, he managed to get fourth place by cramming for the final exam, which is not bad.
Liu Cong, a boy from Sichuan Province who shared a dormitory with me, ranked third in the final exam.
The top two spots were both taken by two girls.
Zhang Xiting, the first branch secretary, manages to balance her studies and work effectively.
Second is Ye Linghuan, a good student who loves to play and study.
However, since Liu Cong did not have any awards last semester, and his final grades were not much different from everyone else's, the competition came down to who won awards in some important events.
Chen Yong received 50 bonus points for his outstanding performance at the National Day gala.
Zhang Xiting and Ye Linghuan received 20 bonus points for their performance at the New Year's Eve gala.
In addition to other activities, Chen Yong ranked first, Zhang Xiting ranked second, and Ye Linghuan ranked third based on the final overall score.
The spots for studying abroad were awarded to the three of them.
"It's outrageous! Our class monitor is already so outstanding, and he still has to go abroad," Xu Shijie said sourly.
Zhu Tianliang never expected that Chen Yong, who usually didn't attend classes, could actually rank first in overall grades.
Most of the students in the class suddenly realized that in college, it was no longer enough to just rely on good grades; they also had to put in extra effort after class.
The class monitor almost never attends classes; he's always out causing trouble, yet he still gets good grades on the final exam.
Not to mention that the class monitor also released a song last semester, an achievement that alone would make him stand out from everyone else in the class.
Soon, the college's list was finalized, consisting of Chen Yong, Zhang Xiting, and Ye Huiling.
When he was at home, Chen Fang excitedly told him, "It's confirmed! You got a visiting scholar position! That's great, kid! You actually managed to compete with those city kids, not bad at all!"
"Auntie, I've always been amazing, okay?"
"Why don't you come to Harvard University with your aunt? It's one of the best schools in the world. Many world leaders have studied here."
Chen Yong, however, had his own thoughts: "Aunt, you've got the cause and effect wrong. It's not that you became a national leader because you studied at Harvard, but rather that you had the opportunity to study at Harvard because you had the potential to become a leader. If those families didn't have strong backgrounds, Harvard wouldn't have accepted them."
Chen Yong naturally chose to go to Harvard, where not only are the humanities world-class, but the science and engineering are also top-notch.
Living in this era, Chen Yong naturally understands what the biggest opportunity of the future is: the Internet! With greater ambition, he can even create a complete ecosystem business model.
The two Mas (Jack Ma and Pony Ma) have held the title of the richest man for the longest time.
Working in their industry is the right choice.
To succeed in starting a business, you definitely need to know some technology, especially in the 90s when higher education in China was still in its early stages, the number of engineers trained was limited, and their abilities did not meet the standards. If you don't understand anything yourself, you can't get others to do it either.
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