Reborn: Billionaire in College

The official attitude shocked everyone. Everyone thought they would try to smooth things over and give both sides a slap on the wrist, but they didn't expect them to be so easy to talk to. They almost gave overwhelming support to Renren.

Even Chen Pingjiang himself felt a little surprised.

When Chen Yizhou got the news, he was completely stunned. He didn't understand why the authorities were so partial to Chen Pingjiang. Was it just because he was powerful?
I'm not convinced.

But there's no point in being dissatisfied at this time, you can only hold it in.

After the police announcement and the Cyberspace Administration of China issued a statement, Xiaonei.com immediately banned Zhu's Xiaonei.com account and issued a statement stating that it would fully cooperate with the police.

For a time, all the bad bloggers on the campus website fell silent.

But Renren was celebrating.

"Awesome! I thought the authorities would just smooth things over, but I didn't expect that!"

"That depends on the situation. The authorities dare not compromise this time. If they do, our Internet users will definitely be dissatisfied."

"Xiaonei.com has hit a wall this time."

"What a pity! I wanted to see Chen Yizhou continue to perform, but I didn't expect the show to come to an abrupt end like this."

"This incident was so serious that even the Internet was flooded with reports about it."

"..."

Chen Pingjiang also stopped while he was ahead. Although the authorities did not say it explicitly, he had achieved his goal.

The very next day, Renren lifted the blockade of external links.

At the same time, Orange phones can also download the campus network normally, and the Orange App Store has also re-listed the campus network app.

Many Internet giants who witnessed the whole incident were also a little confused.

"I misjudged it. I didn't expect the power behind Chen Pingjiang to be so strong."

"Yeah, I didn't expect that. Logically speaking, this method of controlling public opinion is already somewhat like repeatedly testing the edge of danger, but the fact that the higher-ups support it without hesitation speaks volumes."

"Not necessarily, Lao Li. Do you think it's possible that Chen Pingjiang relied on his large numbers to force the authorities to take a positive stance?"

"It's absolutely impossible. You know what's happening in China. If it's really like what you said, the Cyberspace Administration of China would definitely name him in the statement. Since they didn't say Chen Pingjiang engaged in unfair competition, it means he has no problem."

Chen Yizhou's final desperate effort failed, and a reckoning against him ensued.

Investors represented by SoftBank are very dissatisfied with what Chen Yizhou has done.

The purpose of investment institutions is to make profits. Internet companies are different from physical entities in that they aim to go public. If a company cannot go public and its own business cannot make profits, it basically means that the investors' money will be wasted.

So, the person who takes the blame has to appear.

In Oak Pacific Group's campus network, Chen Yizhou could only be the one to take the blame.

"Mr. Chen, I'm sorry, I'm sure you know why we're here this time." At the board meeting, the director sent by SoftBank was the first to speak out. "I have communicated with other shareholders separately, and everyone agrees that you may not be suitable to continue to stay in this position."

The other few people belonging to Chen Yizhou didn't dare to say a word, as everyone knew that things were going to change.

Chen Yizhou was in a very bad mental state, with sunken eye sockets, greasy hair, dull skin, and an indescribably depressed look.

He nodded weakly: "Do whatever you want."

In fact, Chen Yizhou could have easily rejected the request of SoftBank directors at the board meeting.

Because even if the chairman of the board needs to be re-elected, it should be appointed by the shareholders' meeting, rather than by taking action at the board meeting.

But Chen Yizhou knew that doing so would only delay the process. Oak Pacific Group did not set up A and B shares, and his voting rights were not strong enough to challenge all investment institutions. Even if a shareholders' meeting was held, Chen Yizhou, who only held a few dozen percent of the shares, would fail.

Rather than embarrass yourself at the shareholders' meeting, it is better to admit defeat quickly.

It's a gamble in itself. If you win, your life will last for eternity. If you lose, you'll just pack up and leave.

Chen Yizhou had already anticipated the possible consequences, but he still chose to give it a try.

To some extent, Chen Yizhou is also lucky. At least he still retains some shares of Oak Pacific Group instead of leaving the company completely. Although he did not set up AB shares like other Internet companies, he did not sign any bets or buyback clauses. Otherwise, Chen Yizhou would have to bear all the responsibility for not being able to go public, and he would not be able to keep his shares, and he might even owe money.

In this regard, Chen Yizhou is luckier than Wang Cong.

After Panda Live went bankrupt, Pusi Capital, after two months and dozens of rounds of negotiations, finally took on all of Panda Interactive Entertainment's losses of nearly 20 billion yuan.

Because when Wang Cong was financing Panda Live, he generally signed a "love agreement", which is a "personal repurchase guarantee", and added a "tip" to this love: an annualized interest rate of 12% must be added when repurchasing!

Chen Yizhou started his business early. At that time, the domestic Internet was just emerging and investment institutions did not have such high requirements for founders.

But by the time the Internet landscape had become almost stable, more and more start-ups were facing closure or bankruptcy, and many investment institutions suffered heavy losses.

Since then, in the process of entrepreneurial financing, venture capitalists generally bet with entrepreneurs. If the entrepreneur loses the bet, the entrepreneur will repurchase the shares. The annualized interest rate is basically 8% to 12%, so 12% is already the highest upper limit.

In this case, the source of money is not financing, but debt, and the interest rate is 12% - much higher than the bank loan interest rate.

Especially after the Thousands of Group Wars, a large number of startups did not survive, some laid off employees, some closed down, and investors suffered heavy losses.

Openly raising funds while secretly borrowing money is destined to become a common phenomenon in the entrepreneurial field.

After all, the money of investment institutions does not come from the wind.

At that time, if you want to raise funds for entrepreneurship, you must accept the buyback or bet clause, otherwise you will not get a penny. The investment method of disguised equity and real debt will also become a consensus in the venture capital market.

Don't ever think that investment institutions are very profitable. There are so many investment institutions in China and even in the world, but not many of them really make money. This industry is like a pyramid. For example, Softbank would have closed down long ago if it weren't for Alibaba and AMD stocks.

In the investment market, investors not only need vision, connections, policies, but also money.

Why are there fewer and fewer new companies as time goes by?
This is largely because there is no money in the investment market.

Assuming that 2010 companies could be invested in in 1, by 2020 only 1000 could be invested, and the number of companies spawned would be reduced accordingly.

In addition, VCs are taxed, and they feel that it is difficult to make money, and they have to pay so much tax, and the probability of investment success is low; and VCs’ upstream LPs also feel that it is not easy for VCs to make money - for LPs, in fact, many of the money invested in VCs is only a small part, and they didn’t expect it to be so difficult to make money, so forget it, I won’t invest...

If LPs stop investing, VCs will have no money, and if VCs have no money, startups will have no money to survive!
The water at the source is gone...won’t the downstream area dry up and die?

…………

Just one day later, Xiaonei.com announced that the group's CEO, Mr. Chen Yizhou, would no longer serve as chairman for personal reasons.

The general public didn't pay much attention to this news, but industry insiders knew very well that Chen Yizhou was out.

When Chen Pingjiang saw this news, his heart was also slightly moved.

Whether in his previous life or this life, Chen Yizhou ultimately could not escape the fate of failure, but this life was even more miserable.

The two had only met once, and Chen Pingjiang couldn't say whether he liked or disliked this person.

All I can say is that there is no right or wrong. The cake is so small that everyone wants to eat it all alone.

In the venture capital market, failure is the fate of most people, and only the successful ones can rewrite the future.

The unsuccessful ones leave, and the successful ones stay. Maybe in a few years, everyone may forget the name Chen Yizhou.

However, although Chen Yizhou is gone, the campus network is still there.

Now the shareholders can confirm that Xiaonei.com has lost its listing qualification. It is impossible to recover the investment cost, and the only solution now is to reduce the loss.

Selling oneself becomes the only option.

Xiaonei.com first approached Tencent and expressed its intention to sell, but before it could finish its words, it was rejected by Tencent.

On the one hand, SNS social platforms have no future, and on the other hand, the reputation of Xiaonei.com has been ruined. Besides, Xiao Ma Ge is unwilling to offend Chen Pingjiang.

Since Tencent didn’t want it, Xiaonei.com turned to Alibaba and Baidu.

As expected, I ran into obstacles again and again.

There was a little-known small company that showed interest, but the price they offered almost made SoftBank lose interest.

More and more employees are leaving, and even those who remain are looking for another job. No one is focusing on their work anymore, and the ship is bound to sink, but the sailors are unwilling to go down with it.

When the tree falls, the hozens scatter!

Those bad bloggers who had come from Renren Weibo also stopped updating because they had no traffic and could not get subsidies.

Many of them chose to change their careers, and some used new mobile phone numbers to re-register accounts on Renren and Weibo, intending to change their identities and reincarnate. After enduring Chen Pingjiang's iron fist, these people dared not jump around anymore.

Desperate, SoftBank found Chen Pingjiang, but how could Chen Pingjiang be interested in such a defeated general?

The reason why Renrengou is willing to acquire Dianping is because Dianping is valuable.

The particularity of the group buying market determines that Renrengou always has a market that it cannot reach, and can effectively complement Dianping. But what does Xiaonei have? In the traditional Internet industry, it is rare to see one party defeat another and then go to acquire it.

There is only one possible outcome for Xiaonei.com - bankruptcy.

As expected, just one month later, Xiaonei.com issued an announcement announcing its closure.

After seeing this announcement, many Internet practitioners expressed their feelings.

Many of them witnessed the growth of Xiaonei.com from scratch to become a huge success, before being overtaken by Renren.com and eventually buried in the dust.

The person who was most deeply touched was Wang Xing of Meituan. It was he who founded the campus network and it was he who sold it to Oak Pacific Group for US$100 million.

Wang Xing also once felt that he had lost money because of the booming development of Xiaonei.com.

"What a twist of fate!" Wang Xing murmured.

The dominance of Renrengou and the collapse of Xiaonei.com almost gave Wang Xing PTSD.

Wang Xing didn’t know how to compete with Renrengou again, and he was quite afraid that Meituan would become the next Xiaonei.com.

…………

Chen Pingjiang set a rule for himself that he would not be allowed to post any comments on any platform in the next year.

After being so high-profile for so long, it's time to pack up and run away.

"Hubby, do you know that I miss you so much that I'm going crazy?" Cong Nini, who was always paying attention to Chen Pingjiang, didn't dare to send a message until now.

Chen Pingjiang smiled and replied: "Please tell me exactly where I miss you."

"Heart."

"If it's just what's in your heart, then it means you can still bear it."

"No, I hate you so much."

Chen Pingjiang calculated the time and found that he had not seen Cong Nini since the graduation ceremony. It seemed to be almost three months.

I have stopped attending classes and in fact I can’t continue.

There's really no point in earning that little money a month.

I have to say that Cong Nini has a broader vision.

In addition, other colleagues in the store had watched Cong Nini go from poverty to wealth. Although they didn't say it, they looked at her with a mixture of envy and dissatisfaction.

"It's such a sudden change. She's wearing a Van Cleef & Arpels bracelet. I can't afford it even with a year's salary."

"Nini probably found a rich old man, haha."

"This little girl is so lucky. I have been working here for so long and have never met any rich second generation people."

"..."

Finally, a conflict broke out among the crowd.

Cong Nini went crazy again: "If you have the guts, just say it to my face. What's the use of gossiping behind my back every day? Pah, how can I be interested in an old man? My husband is the most handsome and motivated man. What do you old women know? I come to work just to kill time and show off to you. Look at what you are capable of."

After scolding, Cong Nini took her Chanel bag and left without asking for salary.

Chen Pingjiang gave her 20 RMB every month as living expenses. In the first one or two months, Chen Nini was extremely excited and bought luxury goods after receiving the money.

Buy bags, shoes, clothes, diamonds.

After she had all these, Cong Nini found that she could never spend them all. She really could never spend them all.

Chen Pingjiang once joked with a smile: "This shows that you haven't eaten anything good."

I haven't seen Cong Nini for two or three months, and I unexpectedly discovered that this little girl has become more beautiful.

It is true that money can support people.

"Why do you feel more and more beautiful?"

"Hehe, although I don't have much ambition in my career, I have to work harder on myself in order to keep up with the times." Cong Nini counted on her fingers and said, "I'm very busy every day. I walk the dog after getting up in the morning, take a nap after lunch, go to the gym to shape my body in the afternoon, and learn piano and other musical instruments in the evening."

Chen Pingjiang lay on the sofa, his legs on the coffee table, squinting his eyes and enjoying it.

Cong Nini smiled happily as she gave him a head massage and a leg massage: "How is it? I'm pretty good, I learned it specially."

After saying that, she leaned over to Chen Pingjiang's ear and whispered, "And I bought a water bed online... You can try it tonight."

After hearing this, Chen Pingjiang's breathing became heavier. He glared at the girl and said, "Why do you do these things all day long?"

"What? You obviously like it but you have to be mean to me. I only bought it after watching a porn movie."

"You still watch porn movies?" Chen Pingjiang was speechless.

Most women wouldn't dare to tell anyone even if they saw it, but she is not ashamed but proud of it.

Cong Nini couldn't help but straighten her chest, very proudly: "I not only watch, I also learn, learn the postures and oral skills."

Chen Pingjiang: “…”

This girl is really fierce and tough. As long as the opponent is Chen Pingjiang, Cong Nini can do anything.

"If I don't keep you, how can I keep your heart? How can I compete with other women? Especially that little devil Zhang Xinyue. I can't give up on her no matter who I lose to." Cong Nini argued.

Chen Pingjiang looked at her, unable to say what he wanted to say, and finally nodded helplessly: "As long as you like it."

Among the many women, Cong Nini is the most open-minded. She serves Chen Pingjiang almost like she is serving her master, and she can also provide the most emotional value.

In this regard, Yan Yan can't compare, nor can Ge Mengshi, not to mention Zhang Xinyue.

In fact, the reason why Cong Nini is so open-minded, in addition to her own personality factors, is largely due to her inferiority complex.

She knew very well that she could not compare to Yan Yan and Zhang Xinyue in terms of appearance; in terms of figure, her breasts were not big enough and her buttocks were not perky enough.

She had no family background and no career, so she could not help Chen Pingjiang in any of these aspects.

They haven’t even known each other for as long as Zhang Xinyue, but they are childhood sweethearts after all.

She pursued Chen Pingjiang with great effort, but finally succeeded when she was about to graduate. You can imagine how much Cong Nini cherished him.

Gradually, the focus of her life revolved around Chen Pingjiang. She seemed to be living for Chen Pingjiang or something, and gradually she lost herself.

But she was unusually satisfied.

This inferiority complex and fear of losing reached its peak after Zhang Xinyue joined.

Chen Pingjiang looked at Cong Nini with complicated eyes.

He himself admitted that he did not treat Cong Nini as well as Yan Yan and Ge Mengshi, and even worse than Zhang Xinyue.

I won’t mention Yan Yan. Besides life, I still have work to maintain with Ge Mengshi. I still have memories with Zhang Xinyue, but there is really nothing with Cong Nini.

"Tonight, I will test your learning results. If you don't do well in the exam, don't blame me for spanking you." After adjusting his mentality, Chen Pingjiang joked, "Of course, if you can get a perfect score, I will give you a house in Yanlan Mansion."

Cong Nini's eyes widened immediately when she heard this, and she asked excitedly, "Really?"

"Why did I lie to you?"

As soon as Chen Pingjiang finished speaking, Cong Nini stood up and ran to the bathroom to get busy.

About ten minutes later, a coquettish voice came from the bathroom: "Master, come quickly, I'm ready to serve you."

Chen Pingjiang shook his head and smiled bitterly: "This demon." (End of this chapter)