Reborn: Billionaire in College

At the end of March, Renren released its annual report for the fiscal year.

According to regulations, non-U.S. listed companies are required to publish annual reports and use 20-F documents, and the disclosure time must be within 4 months of the end of the fiscal year at the latest.

In addition, non-U.S. listed companies can be exempted from the 10-Q requirement, which means that it is not mandatory to publish quarterly reports. They only need to publish 6-K to disclose the semi-annual report, and publish the quarterly report in the semi-annual report.

After the release of last year’s financial report, Renren’s stock price rose 10% after the market closed because the data was so impressive.

Benefiting from the outstanding performance of "League of Legends", "Dungeon & Fighter" and North American game studio Alpha, Renren's annual revenue was 277 billion yuan, a year-on-year increase of 130.9%, and its net profit reached 144 billion yuan, a year-on-year increase of 96.8%.

其中互联网增值服务收入为173.307亿元，同比增长110.5%；移动及电信增值服务收入为人民币73.056亿元，同比增长66.2%；网络广告业务收入为人民币30.637亿元，同比增长46.5%。

Basic earnings per share were RMB 5.862 and diluted earnings per share were RMB 5.791.

董事会建议派发每股股息美元0.40元，此建议需获2010年5月12日召开的股东大会最后批准通过。建议股息将于2010年5月26日派发。

The main platform data are as follows:
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The number of active accounts on Renren has reached 3.43 million.
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The number of active Weibo accounts reached 1.98 million.
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The maximum number of concurrent online accounts for "Dungeon & Fighter" is 320 million.
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The maximum number of concurrent online accounts in "League of Legends" is 97.
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The number of monthly paying users of Internet value-added services was 5160 million.
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The number of monthly paying users of mobile and telecommunications value-added services was 2030 million.

In response to this impressive financial report, major securities firms have released financial analysis and outlook forecasts.

At the same time, investment banks such as Morgan Stanley and UBS said they would adjust Renren's rating from "neutral" to "overweight."

After the U.S. stock market opened that day, Renren's share price fluctuated slightly and then narrowed slightly to 0.27%. After Renren released its financial report, it quickly rose, and the share price rose by more than 10% before the close.

As disclosed in the financial report, Renren made great progress last year.

Except for a slight decrease in the number of active users of Renren due to the emergence of Weibo, all other businesses are flourishing.

Renren Weibo occupies 7% of the market share, and several social games under North American game studios have also reaped great rewards due to their explosion on Facebook.

Needless to say, LOL and DNF have become the king products in their respective game categories, earning huge amounts of money.

Once the number of WeChat and Zhihu users explodes, Renren's stock price will be able to grow significantly.

In a word, I won.

At present, Renren's stock price has reached a high of US$80 per share, with a total market value of more than US$500 billion.

In comparison, Baidu's current market value is approximately US$380 billion, Tencent's market value is US$300 billion, and Alibaba's valuation is US$100 billion.

"You can't deny it. Almost all of our business lines are booming. Every business has seen a significant increase, and we are almost in the top two or even the top one in our category."

"The stocks of such companies are not suitable for T investment, but rather long-term value investment."

"How can I buy Renren's stock?"

"The market value of Renren.com alone is equal to Baidu + Alibaba or Tencent + Alibaba, not counting Orange Mobile and Renrengou. I can only say that this world is too crazy."

"Excuse me, how much is Chen Pingjiang's net worth?"

"..."

In early April, the U.S. Securities and Exchange Commission (SEC) official website disclosed an F4 document showing that Chen Pingjiang's family trust JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) planned to reduce their holdings of 144 million shares of Renren founder's shares respectively on April 4.

Based on Renren's stock price of US$4 per share on April 3rd, Eastern Time, the total market value of the stock involved in this share reduction is US$81.070 million.

This also led to a sharp drop in Renren's share price when the U.S. stock market opened on April 4, with the decline exceeding 4% at one point and closing at 10%, with its market value evaporating by US$6 billion.

The lawyer of Chen Pingjiang's office responded, "The sales plan disclosed this time is a long-term plan. There is no actual reduction of holdings under this plan. Chen Pingjiang is firmly optimistic about Renren. The current stock price is far lower than the actual value of Renren. He will still firmly hold Renren shares."

Chen Pingjiang also made it clear to the public that this share reduction was only used to improve his life and make some personal investments.

…………

In the middle of the month, Bu Housheng rushed back to Dongjiang with the special investigation report formed by the two teams.

"There are no major problems between AutoNavi and JD.com, so we can start the next negotiation plan."

In fact, this special investigation is just a formality.

AutoNavi has just submitted its prospectus and was recently investigated by other institutions; JD.com has just completed its last round of financing, and all its financial aspects are relatively standardized.

Chen Pingjiang nodded and took the report without even reading it. "I will go there again in the second half of the month to have a face-to-face meeting with them. This time I will cash out a batch of stocks and then put 3 million US dollars into Tianyuan Capital for operation. The target is still high-tech stocks in the US stock market and potential companies in China and North America."

"Okay, boss." Bu Housheng laughed immediately. It was so cool to work behind a big boss and there was no shortage of money.

Once these two collaborations are finalized and announced to the public, Chen Pingjiang doesn't have to think about how ugly Li Yanhong and Jack Ma's faces will be.

By then, all the leaders of BAT would have been offended by him. That picture would be so beautiful that Chen Pingjiang felt his heart tremble just thinking about it.

Investing in JD.com will affect Alibaba's interests, and acquiring AutoNavi will also put Baidu in danger. "Since we've already offended them, we might as well just go down this path."

After leaving the office, Chen Pingjiang ran to find Ge Mengshi.

"Why are you here?" Ge Mengshi smiled as she looked at Chen Pingjiang.

Today she was wearing a white suit, which was unusual. The weather was getting warmer, and Ge Mengshi did not button her shirt, but left it open.

Chen Pingjiang's gaze lingered unscrupulously on the bulge on Ge Mengshi's chest.

Ge Mengshi rolled her eyes: "You don't look like a boss at all. I never thought you were so lewd before. You were not like this when I first met you."

Chen Pingjiang laughed: "I was young and ignorant at that time, but now I know how good my sister is. Come and see me when you miss me. I have to go on a business trip to BJ in a few days."

"Ah? Didn't you just come back? You're going again."

Chen Pingjiang nodded: "I estimate that I will stay there for about a month this time."

I was very busy with negotiations with AutoNavi, JD.com, meetings with relevant persons in charge of the three major operators, and meetings with leaders of the Ministry of Industry and Information Technology and other departments.

As Chen Pingjiang finished speaking, Ge Mengshi thought for a moment, walked to the office door and locked it.

Chen Pingjiang was stunned when he saw this: "You are only allowing the governor to set fires but not allowing the people to light lamps. You just called me a lecher, why are you doing the same?"

Ge Mengshi blushed at what he said and gave Chen Pingjiang a charming look.

"Who asked you to be so busy? Besides, isn't this just what you wanted?"

"Ha ha!"

While doing the work, Chen Pingjiang was about to reach into the cabinet to take out the death bag for his descendants, but he was immediately held down by the charming Ge Mengshi.

"I said last time that I want a child."

Hearing this, Chen Pingjiang's expression became serious and he looked at Ge Mengshi: "Are you sure you have thought it through?"

"Think about it."

"I'm not saying anything stupid. But will your parents accept this? And if you don't have a marriage, you will be very disappointed, right?"

Ge Mengshi shook her head, her eyes firm: "I have thought about this issue many times. If you have this person in your heart, what's the big deal about getting married or not? As long as you are good to me and our future children, I don't care about anything else. Besides, can you be happy by finding another man outside? Not necessarily. The more you are in the business world, the more you know the sadness of marriage. It is normal for many bosses to have red flags flying at home and colorful flags flying outside. It is a minority to be in harmony with each other."

"I've seen it so many times that I'm not surprised anymore. It's better to be as dazzling as a meteor than to have a long-term but unhappy possession." At this point, Ge Mengshi smiled bitterly: "Let me tell you a gossip, Xiaoqin looks very happy on the surface, right? In fact, I don't know how many times she cried in front of me in private. Her husband is her college classmate. After graduation, he started a business outside. Xiaoqin went to work in the company before me. At that time, everyone was poor, but their relationship was very good. As her husband's business became successful, he spent less and less time at home, and less and less time with her. If they didn't have a child, they might have divorced long ago."

"Not long ago, she checked her husband's cell phone and found her husband and another woman being affectionate and calling each other husband and wife. Do you think such a marriage is interesting?"

Xiaoqin is Qin Suqin.

Chen Pingjiang was speechless. He didn't expect that Qin Suqin, who looked very lively, had such a story behind her.

The atmosphere suddenly became solemn. After a while, Ge Mengshi shook off her dejection and reached out to pull Chen Pingjiang's belt.

"Hurry up, I have a meeting this afternoon, you only need... um, forty minutes!"

Chen Pingjiang was delighted when he heard this: "Forty minutes is not even my average time!"

Since Ge Mengshi said so, Chen Pingjiang is not a shy person.

Although there may be no way to give her a formal status, everything else will not be lost.

Having come to this point, Chen Pingjiang has almost no choice.

Kicking Ge Mengshi was definitely an impossible option. Not to mention that Ge Mengshi ran Zhizhen Catering very well, Chen Pingjiang himself could not accept it.

He had feelings for Ge Mengshi, and it was even more impossible for him to accept that his woman would be with another man in the future or even end up living alone.

Ge Mengshi is old, and in two or three years she will be an elderly mother.

As for Yan Yan, let’s keep it secret for as long as possible.

We’ll talk about the rest later.

I am sure that I feel guilty towards Yan Yan, and I can only make up for it in other ways in the future.

Chen Pingjiang laughed at himself, thinking that he had become the one with red flags flying high at home and colorful flags fluttering outside. (End of this chapter)