Reborn: Billionaire in College

Chapter 155: Song of Stockholders
"Does anyone know what the 'parking competition' is about?"

"I saw it too. The first prize was the right to use a Peugeot 206 for 10 years."

“Why the right to use and not the right to own?”

"Stupid, it prevents you from reselling or mortgaging it, and it helps you avoid taxes."

"What happens after the ten years are up?"

"Of course I'll give it to you. After all, it won't be worth much in ten years. Besides, Renren might not even exist anymore."

"Not necessarily. Look at how popular Renren is right now. The two bloggers from other websites that I followed before have both come here recently."

"You must participate in the parking space grabbing competition. It's all for fun, and you can win prizes, so why not?"

Yes, the parking space grabbing competition is just like the Landlord competition in the QQ game. It’s all about having fun and there are prizes to be won, so why not?
With this idea in mind, most people flocked to the temporary competition server opened by Renren.

Although relatively sufficient preparations had been made, the technical department headed by Miao Bingwei still misjudged the players' enthusiasm and was unable to respond in time, causing lags not long after the game began and the server almost crashed.

For this reason, Miao Bingwei became furious at the meeting.

At the same time, Renren's publicity department released press releases on many game and automobile websites.

Such as 4399 Games, Leaf Pig, Pacific Auto, and Autohome.

"Grab a parking space, grab a real car, and watch the development of SNS with a smile."

"To grab a parking space, you need to get the sign 206. Renren.com has a new way of playing games."

"The 'parking space grabbing' on Renren continues to heat up."

The titles are different, but the content is roughly the same. They all use "Parking Space Grabbing Competition" as the entry point, focusing on Renren and the social game Renren Parking Space Grabbing.

At the end of the article it was written: "For more information, please log in
………………

Shen Nanpeng slapped the newspaper in his hand on the table and said to the two Sequoia China partners present with a smile: "This Chen Pingjiang is young, but he has many tricks. The social game he launched was already eye-catching, but I didn't expect him to organize a parking space competition. A lot of press releases were issued, and even the newspapers in BJ bought space."

Zhang Fan smiled and said, "At least he was very successful in doing so. He completely attracted the public's attention and became the 'darling' of users in recent times."

Zhou Kui, who is about to be promoted to the first partner besides the founder, also said: "Chen Pingjiang has not opened the financing window. It is obvious that he is waiting for this series of operations to increase the valuation and increase the bargaining chips in the negotiation."

Shen Nanpeng nodded. "Obviously, time is on his side. Now all VC/PE firms are more anxious than he is, fearing that when they wake up, Renren's valuation will have increased by tens of millions. Everyone has seen the success of Facebook, and no one is willing to retreat in this feast of capital."

As one of the most frequently used tools in many rebirth novels in later generations, Shen Nanpeng naturally has the capital to be awesome.

Some people call him the "Chinese Buffett". He is involved in Meituan, Didi, Pinduoduo, Ele.me, and AutoNavi. He is said to have "taken over half of the Internet", so you can imagine his influence.

The absolute king of venture capital, whenever Tencent decided to invest in a project, Sequoia had already decided to invest in it one or two years in advance.

He successfully founded Ctrip and Home Inns, and successfully listed them.

Shen Nanpeng was quite emotional: "When I got the background check, I was shocked. Chen Pingjiang was only 19 years old. I even suspected that the information was written wrong. Now I am not only not open-minded, but even more curious about him. The young man is so calm and steady. If it were an ordinary entrepreneur, he would have been eager to meet with various investment institutions, but he seemed to have calculated that the situation would go as he thought, and he sat on the Diaoyutai."

Zhang Fan recalled the background check information he saw some time ago and nodded in agreement: "I am very curious about him now. To be honest, Renren is worth investing in just because of him. Not only that, I am also very interested in his other companies, whether it is Renren Waimai or Miaocha. It is precisely because of the continuous blood supply of these two projects that Chen Pingjiang has the confidence to wait for the price to rise."

"As long as Renren Waimai solves the transportation problem, it will be easy to cultivate users' consumption habits. Moreover, this market is incredibly large and can create a large number of jobs."

Zhou Kui nodded: "I have specially studied the takeaway project. I can see that Chen Pingjiang has shown great restraint in the development of Renren Takeaway and has not developed it blindly. It may be that he has no money, or he may feel that the time is not yet ripe."

Shen Nanpeng brought the topic back to Renren and asked, "Everyone, Renren is currently on the market. How can we get a ticket? I am really afraid that as time goes by, we will have to spend several times more money to buy the same shares. Facebook's valuation has increased 27 times in one year, an average of 2 times per month. If Renren drags on for 2-3 months, according to the current momentum, the number of registered users may even exceed 500 million. By then, our costs will be much higher and the risks will be greater."

"But we can't force a cow to drink water!"

Zhang Fan spread his hands and said, "I actually hate this passive situation. As a VC, I am usually spoiled by entrepreneurs with project books. This is the first time I have encountered a situation where I can't find anyone and can't come to the door."

"But we really can't wait any longer. I suggest we just raise the valuation and start the negotiation."

Zhou Kui nodded in agreement: "I think it's fine. In addition, I've observed that most of the entrepreneurial teams of Renren.com have a background in Dongjiang University of Finance and Economics. I guess Chen Pingjiang is short of professional and experienced executives. We can use this as a starting point for the discussion."

Hearing this, Shen Nanpeng's eyes lit up and he patted Zhou Kui's shoulder affirmatively: "This is a good idea."

........................

Gong Kaijie, the legendary "leek" of the A-share market, oh, no, he should be called the "stock market singing god".

I love playing games and trading stocks.

At night, Gong Kaijie was lying on the computer, concentrating on watching the news on the monitor. "The 'Parking Space' game is a small game developed by Renren after opening its platform. Such a game is actually a supplementary product for users. It greatly relieves the work pressure, social pressure and circle pressure in real life, especially in the life of white-collar workers. On the surface, it satisfies the players' dream of owning a luxury car, but in fact, players get the joy of communicating with friends and entertainment from the game." Renren's marketing director said: "The first prize of the 'Grab Parking Space' competition we launched is the right to use Dongfeng Peugeot 206 for ten years. We hope that all 'Parking Space' players will be one step closer to the dream of 'driving a luxury car'. At the same time, this is not just an entertainment activity. We hope to provide rewards to users so that everyone can gain more while playing."

This news made Gong Kaijie feel a little interested in the sudden emergence of Renren.com.

After browsing the pages of Renren at all levels, Gong Kaijie was attracted by one of the sections, "Big Times".

When he clicked on it, he saw that, just as he had expected, this section was full of stock investors, which made Gong Kaijie feel that he had found his base.

The lively scene in the "Big Times" section is just like the Shanghai Composite Index in the first half of this year.

"I have already taken out all my savings and personal money, and will be running into the venue tomorrow."

"Haha, you're the one with the last cent? I've even mortgaged my house. I won't sell it unless you double the amount."

"Is there any expert here to give me some pointers?"

"QQ group: XXXXXX, which contains stock analysis, including all kinds of great stock analysts."

"..."

In the last few months of 2007, the Shanghai Composite Index soared from a low of 2715, with more than 30 investors rushing into the market every day.

This resulted in Baidu's "Top Ten Whats" list having "What is a fund" as the first question and "What is a warrant" as the second; and in the "Top Ten Hows" list, people were asking how to trade stocks, how to manage finances, and how to make money.

In today's China, it can be said that "everyone is investing in stocks", and stocks have become the hottest topic among the people.

As a veteran stock investor, Gong Kaijie naturally also earned a lot of money in this wave of market. His life has obviously improved recently and he can't eat without four dishes and a soup.

After browsing several posts, Gong Kaijie suddenly had an idea when he heard the song "Love Until Death" coming from his headphones.

“I buy stocks as an investment.
No matter how high or low it goes, I won't be afraid of falling.
Ignore whether the market is bullish or bearish

I will only sell if you double the price
I don't listen to other people's arrangements.

It will be pleasant to buy and make money based on your feelings

Enjoy the present moment, don't get caught up in the fear of failure
Many miracles exist forever in the Chinese stock market
I won't sell it even if I die

I'm not happy if you don't double my salary
This is the only way for us retail investors to avoid being defeated

......"

His inspiration was flowing like a spring, and he wrote as if inspired by God. With the sound of keyboard clacking, Gong Kaijie wrote the stock song "I Won't Sell Even If I Die" based on the format of the lyrics of "I'll Love You Until I Die".

After finishing writing, Gong Kaijie was extremely satisfied.

I quickly recorded it and uploaded it to Renren.

Originally, Gong Kaijie only regarded this song as a product of his own entertainment, but he did not expect that it would become surprisingly popular in just one hour.

There are a lot of comments below the post.

"Brother, the lyrics are really well changed. They touch everyone's heart, and the singing is also good."

"Awesome! This is definitely China's No. 1 Stockholder Song."

"I won't sell it even if I die. I won't be happy unless you double the price for me!"

"I suggest the original poster to find a professional recording studio to record it later."

"Brothers, this is our battle song. I wish that tomorrow's Big A will be prosperous all the way."

"I have to go to other stock forums and let them listen"

"..."

It was an adapted stock song, and it felt a bit crude, but it became a hit amid the bull market in the first half of 2007.

This is an inevitable product of the times.

What no one expected, including the creator Gong Kaijie himself, was that in just a few days, "I Wouldn't Sell It Even If I Die" became a huge hit.

This also makes Renren's "Big Times" section a holy place in the hearts of countless stock investors.

(End of this chapter)