Started from Hong Kong Island

Chapter 232 [A swarm of bees]

Stores under Junfu Jewelry Company began to fight back by launching joint promotions of gold jewelry and watches.

Many Hong Kong citizens do not like to invest in watches, most of them buy them to decorate their storefronts. However, customers who like gold and watches are basically attracted by Junfu Jewelry's promotional plans. For a time, Junfu Jewelry's store business recovered a lot. Although the turnover did not return to its peak period, it was also half, which greatly alleviated the pressure brought by Chen's Jewelry Company.

Chen's Villa
Snapped! !

A document fell to the floor in a parabola, making a dull sound.

Fortunately, Chen Xingting dodged to the side, otherwise the document would have definitely fallen on his shoulder. Although the force was not strong, it was enough to hurt for a while.

"Think about it, are you a match for Li Wendi? You have clashed with him so many times, how many times did you win? And you still dare to provoke him." Chen Fenben was so angry that he gasped and his face turned red. "Do you know why Li Wendi ignored you? You are going to offend the entire industry. Those people have already called me."

"How could I give birth to such a stupid son like you? Why don't you learn from your brothers and sisters? Use your brain!"

Chen Xingting didn't dare to go forward to appease Chen Fenben, but his expression was somewhat angry, as if he was not convinced. He stole a glance at Chen Fenben and muttered to himself, "What are you afraid of? Li Wendi dared to offend everyone in the newspaper industry, why shouldn't I dare to offend my colleagues?"

If Li Wendi heard this, he would definitely laugh like a pig. When did Chen Xingting become so stupid?
"Still not convinced?!" Chen Fenben closed his eyes and took a deep breath to adjust his emotions. "Li Wendi's business involves real estate, jewelry, newspapers, and construction. The most important thing is that he can make a lot of profits from the stock market. At the same time, he has two listed companies as his backers. What do you have? You only have a jewelry company. If the jewelry company encounters financial problems and you don't have good interpersonal relationships, your peers will rush up and bite the company like vicious dogs. Can you withstand it then?"

"Li Wendi's contribution to the newspaper industry is remarkable. Just two magazines can ensure that the Qinian Newspaper will not die. Can our company do it? Can you do it?"

Although Chen Fenben is old and frail, his mind is still there and he is still very concerned about Li Wendi, his "big enemy". After all, he also wants to save face, but unfortunately Li Wendi did not reveal any flaws.

Chen Xingting began to understand a little. Li Wendi did evil things only because he had someone to rely on. Otherwise, he would not do such a thing so easily. However, he only had the jewelry company. Once problems arose, there would be no other help. This would undoubtedly push the company into a vortex.

"What should we do? Should we stop lowering prices?" Chen Xingting asked.

Chen Fenben glanced at his disappointing son and breathed a sigh of relief. "If we stop lowering the prices now, we will lose some credibility, which is not good for us. Aren't there a batch of new styles of jewelry coming up? Sell them at normal prices to attract customers' attention. When the enthusiasm for price reduction dies down, we will announce that the price reduction activity has expired. This will reduce some bad effects."

"Yes! I know what to do." When Chen Xingting heard Chen Fenben's voice weakened, he felt less uneasy.

"Don't go against Li Wendi anymore. Even if you want to take revenge, it's better to strike hard when the situation is bad. We can't be the first to stick our neck out." Chen Fenben advised. He is old, and the family business will sooner or later be handed over to Chen Xingting (Chen Xingzhou already has his own career and generally doesn't care about the family business anymore), so he needs to maintain stability and not cause trouble.

Chen Fenben’s plan is very sound, it just takes some time to implement.

In order to clean up Chen's Jewelry Company and take advantage of the situation, some of its peers hired a large number of "telepaths" to go to Chen's Jewelry Company's stores and buy large quantities of gold jewelry at prices below the market price.

Li Wendi saw this scene and smiled happily, "This is a pleasing scene."

Zhao Yazhi was a bit cunning and asked cleverly, "Can we take advantage of this opportunity to buy a batch? And make some extra money at the same time."

Li Wendi looked back at Zhao Yazhi. It felt good to beat up a fallen dog. "Go ahead and call some more people."

After buying gold jewelry, I melt it down first, then cast it into Junfu Jewelry styles and sell it at market price. I should be able to make a little money.

Li Wendi didn't care at first because he looked down upon the small amount of money. But now he doesn't mind following his peers to make a fortune. Anyway, his relationship with Chen's Jewelry Company is already very bad, so this incident doesn't matter.

Soon, other colleagues heard the news and joined the rush to buy gold jewelry at Chen’s Jewelry Company, making the store clerks busy.

After the jewellery in the store was cleared away, the online scammers were still causing trouble, busy urging the store clerks to bring over the gold jewellery in stock.

All of a sudden, the store of Chen’s Jewelry Company was filled with customers, some of whom were real buyers, not cyber-scammers.

If Chen's Jewelry Company cannot get its inventory out today, its reputation may suffer. There may even be rumors that Chen's Jewelry Company is deliberately not selling to customers in order to make more money.

Some people were not afraid of trouble and directly called reporters to interview those internet trolls.

Zhao Yazhi pretended to be angry and complained, "This is a shady store. They said they would keep selling the product, but in less than half a year they said they were out of stock."

Stimulated by the language of many water armies, real customers also began to feel indignant and had many complaints against the stores.

"Ms. Zhao, you are really working hard. You should have contributed to this, right?!" He Qijun said with some jealousy as she stood in her own store, looking at the situation across the street.

"."Li Wendi felt a little embarrassed. This woman kept talking about this from time to time, and it seemed like she couldn't get over it.

But I still have to comfort her, otherwise He Qijun will never stop. Li Wendi smiled and said, "This is her free play. I don't know."

Fortunately, He Qijun did not dwell on this topic. "How do you think Chen's Jewelry Company will handle this matter?"

"I can't guess. The best way right now is to delay time and negotiate with colleagues, then the crisis will be resolved." Li Wendi didn't know whether Chen Fenben would take action personally, because this matter might not reach Chen Fenben's ears. After all, Chen Xingting is good at deceiving his superiors and subordinates.

"It looks like Chen's Jewelry Company is going to lose some credibility." He Qijun said unhappily. Such a competitor actually got away so quickly, and the loss was not great.

The price of gold will not fall for the time being. Even if Chen's Jewelry Company uses up all its reserves, it can still buy some at the market price. The price of the reserves is low, so there is still some profit to be made.

An hour later, the water army began to retreat, and the number of rioters decreased by more than 6%.

Li Wendi did not receive any news. "How could things end so quickly?"

So Li Wendi hired more internet trolls to cause trouble. Today he must give the fallen dog a good beating. As for the funds, Li Wendi has tens of millions in his hands.

Chen Fenben had no choice but to find Li Wendi to make peace.

"Mr. Li, I'm really sorry about what happened these days. I have caused you a lot of trouble. Don't worry, I will definitely make up for your loss." Chen Fenben was very humble, while his son Chen Xingting next to him said nothing.

"Mr. Chen, you are a senior and you can't escape the compensation. However, the other impacts caused to my company are also not small." Li Wendi certainly didn't want to let the Chen family go.

"Mr. Li, just speak frankly." Chen Fenben said somewhat helplessly. The trouble caused by his son should naturally be solved by his father.

"Give me 150 million gold at the purchase price." Li Wendi said with a smile, "This request should not be excessive, right?" "You are taking advantage of the fire!" Chen Xingting said angrily.

Li Wendi sneered, "We are not friends. Isn't it normal to take advantage of others' misfortune? If I encounter a problem, will Master Chen help me? I guess you will hit me hard."

"Okay! I'll give you goods worth 150 million." Chen Fenben agreed generously. In fact, there was no other way.

Chen Xingting turned his face away, and his breathing could be heard.

Li Wendi was not vague. He directly asked the Chen father and son to go to the law firm with him to sign the contract, and then sent people to the warehouse of Chen’s Jewelry Company to take out the gold.

The lawsuit with Shaw Brothers Film Company was officially on the agenda. Run Run Shaw was a bit shameless and held on to the content of the contract, trying to further prevent the cooperation between Changxin Real Estate Company and Golden Harvest Entertainment. However, all this had been approved by the court. How could the British be willing to lose their face? Therefore, Run Run Shaw could not overturn this conclusion even if he used all his connections.

Although the lawsuit was meaningless, Run Run Shaw still did not want to plead guilty and instructed the company's legal team to continue fighting with the Changxin Real Estate Company in an attempt to drag the Changxin Real Estate Company to death.

Li Wendi smiled at this. Changxin Real Estate Company was not a rubbish company on the verge of bankruptcy, so they could still afford some lawyer fees. However, the hatred between them was too great, so he would definitely give Uncle Shao a heads up when he had time.

End of march
The stock market continues to be hot and shows signs of recovery.

Li Wendi was a little hesitant, after all, this was a huge profit, but he finally decided to sell it because he remembered that the stock market would not stabilize until 75 years later. The stock market during this period must have been turbulent, so this recovery would not last long.

Some things will have a butterfly effect, but the international situation is unlikely to change, and the Hong Kong market will not change much either.

The words "Never make the last penny!" came to Li Wendi's mind.

So he came to the trading hall of HSBC. At that time, the trading hall was very busy and many investors were trading.

"Mr. Li, are you here to buy stocks? Or is there something else?" Wu Xiong asked with a smile. He had made some money now, and most of it had been invested in real estate.

"Please help me sell all the stocks under my name!" Li Wendi ordered with a stern face.

"." Wu Xiong was still a little surprised. The current stock market situation was good, why was it sold? Thinking of Li Wendi's previous operation, he began to hesitate, "Mr. Li, are you afraid that there will be a sudden plunge like the last two times?"

Li Wendi nodded. "The current economic environment is very bad, but the Hong Kong stock market is rising. This is a bit strange. I still have to be cautious. I would rather make less profit than incur a large loss."

Wu Xiong said, "Okay, but the amount of stocks you hold is a bit large, so it will take some time."

Selling all the stocks will only cause market fluctuations, and may even make the stock price unsustainable. Slowly selling stocks is in the interests of major customers.

"Okay, try to finish it within this week." Li Wendi instructed. The stocks originally worth 3000 million have now soared to nearly 5000 million, and the profit margin has exceeded 6%.

Tuesday, March 6

Li Wendi sold all the stocks he held. After deducting various expenses, he recovered 5102.3 million yuan, with a profit of 2102.3 million yuan, and a rate of return of over 6%. It was a great harvest and an unexpected surprise.

However, Wu Xiong did not quite believe in Li Wendi and did not follow Li Wendi's footsteps. Like other investors, he believed that this was a complete recovery of the stock market and that they would be able to make a fortune.

Therefore, Li Wendi just mentioned it to Zhang Yan, and as for how to choose, it was their own business.

As Li Wendi expected, on June 6, the stock market plummeted again, and the decline was no worse than the previous one, which scared many people to tears, but everything was in vain.

Zhang Yan sat on the sofa in the office with a decadent look on his face, and his expression was naturally extremely ugly.

Li Wendi had been handling official business and ignored this guy who refused to listen. Everything now was his own fault, all caused by greed.

But Zhang Yan was lucky because he only invested his own money in the stock market without any borrowing, otherwise everything would be more troublesome.

"Relax, the stock price will go back up in the future." Li Wendi poured Zhang Yan a glass of water.

"It's all because of my greed. If I had sold the stocks a few days ago, nothing would have happened." Zhang Yan regretted it a little.

"In fact, the most taboo in stock trading is to rush into it. There won't be any problems during a bull market, but when something goes wrong in the market, the small speculators will suffer the most." Li Wendi patted Zhang Yan on the shoulder, "Stock trading requires analysis, there is no such thing as good luck."

"Next time I will follow you. If you buy, I will buy. If you sell, I will definitely not keep any." Zhang Yan vowed.

"I also make mistakes. I didn't see the stock market rising this time. You have to rely on your own judgment when trading stocks." Li Wendi naturally wouldn't take on everything, because then wouldn't the loss be blamed on him?

There are many people in the same situation as Zhang Yan, but the stock market madness is much weaker than before. In 72 and 73, those investors borrowed money from banks and securities companies to invest in stocks. Once they failed in stock trading, the consequences can be imagined.

There are not many people who make a lot of money like Li Wendi, but there are quite a few, such as Li Zhaoji from the four major families in the previous life.

Today, Li Wendi's personal cash has exceeded 1.2 million yuan, which is more than the working capital owned by some large enterprises. However, Li Wendi does not intend to spend it carelessly. The coming 75 years will be a good year for acquisitions and a good time to buy at the bottom. This money will be of great use.

The news that Chinese Estates Holdings won the bid for the sale of the Chinese Bank Building in Central has come out. Just like in the previous life, Cheung Kong Holdings won the land for US$2700 million.

The reason why Li Wendi did not remind Zhang Wentao was very simple. Changxin Real Estate Company simply could not afford such a large amount of funds, even if it formed a consortium with other companies. However, Li Wendi hoped that Zhang Wentao could disrupt the situation and let Cheung Kong Holdings spend more money. Unfortunately, his goal was not achieved.

Li Wendi knew that Li Jiacheng had gained Shen Bi's appreciation by taking advantage of the reconstruction of the Bank of China Building and the HSBC Building, and had begun to enter the fast lane of his life development. However, Li Wendi did not want to disrupt his own plans to stop Li Jiacheng, because he believed that his own development path would not be much worse than Li Jiacheng's, and might even rise faster than Li Jiacheng.

2700 million US dollars, converted into 1.36 million Hong Kong dollars, although part of it will be a bank loan, but at least 3% of the funds need to be paid by Cheung Kong Holdings.

Nearly 4000 million yuan is not a small amount, and the subsequent interest is also a challenge.

Li Wendi was still reluctant to spend such a large sum of money at this time.

(End of this chapter)