Chapter 239: Panda Transformation

Words : 1800 Updated : Sep 27th, 2025

"This year, it went by so fast~" Little Wang's face was filled with melancholy as he couldn't resist lighting a cigar, reminiscing about the good old days. The first dividend was $5,728,000, the second was $326,540, and the third was $416,000. Though each was less than the last, the total was substantial, amounting to $9,409,400 in dividends—the principal had more than quadrupled. He also enjoyed a 20% management fee income, but now, as Fund No. 1 came to a close, it had vanished like smoke in the air. Searᴄh the novel(F~)ire.net website on Google to access chapters of novels early and in the highest quality. It was like a dream, so hard to let go. Meng Changkun couldn't help but glare at him with a look of disgust, "Don't waste my cigars if you can't appreciate them." It was really hard for him. He had initially subscribed to seven shares, and the total profit for the year was $65,865,800. In RMB, that was about 421 million yuan, equivalent to the total revenue of his foreign trade company over the past three years. It was tragic and lamentable. Little Wang still had the chance to participate in the fourth, fifth, and sixth phases, but his own hopes were already dashed. Though he regretted it, if given another chance, he would make the same choice again. After all, one is often helpless in the face of worldly society. "Take a look everyone, if there's no problem, then sign it." Lu Liang gave a faint smile. When the first phase was issued, no one believed in it, but he alone subscribed to sixteen shares. This time, he had retrieved $32,000,000 of principal, along with $6,656,000 in profit and $3,120,000 in management fee income. That was an additional $41,776,000 of available funds for his personal Tianxing Investment, with cash flow once again breaking $200 million. But there was still a distance from $720 million. Because Lu Liang wanted to get Xiaopeng car's shares from Tianxing Assets. Initially, he spent $650 million, and now he needed at least $720 million ready. As long as he could transfer 13.33% of shares into his name, Lu Liang would be a future billionaire. Ningde Era was now valued at $35 billion, and even Old Zeng himself probably didn't expect it could aim for a trillion in the future. Lu Liang's personal investment had an 8% premium to transfer shares, and it seemed the fund's investors wouldn't have any objections. By early December, once Fund No. 2 was settled and the dividends for Fund No. 3 were issued, the capital should be just about right. "How could there be a problem." Little Wang smiled cheerfully, setting aside his sorrow and decisively signing his name. Meng Changkun didn't think twice before signing, fully aware that Lu Liang and Little Wang probably had matters to discuss. "Mr. Lu, if there's nothing else, then I'll take my leave," he said, gathering his materials, ready to leave. "Take care," Lu Liang said, nodding slightly. Little Wang stayed silent, stroking the pure golden bull he had gifted to Lu Liang, pretending as if he saw nothing. If it weren't for Lu Liang, he and Meng Changkun wouldn't even know each other, their relationship being genuinely superficial. "Has Panda cooled off?" Lu Liang asked with a smile. He had heard from Li Manli that Panda's funds seemed to be a bit tight lately, even delaying her signing bonus of two million for over a month. "Cooled off my ass, can't you hope for something good for me?" Little Wang was visibly irate but couldn't help sighing, "It probably won't be long now." He felt like giving up, constantly investing without seeing any returns, unable to find a buyer to take over. If only he had accepted Tencent's offer back then, now he wouldn't be stuck in this awkward position. "$30 million isn't something I can't afford to lose; just let it die a natural death." Lu Liang said with a laugh, knowing that Little Wang had signed a three-year bet with Zhu Hu, which was now looking impossible to fulfill. Two years later, honestly losing $30 million and living comfortably as a wealthy second-generation couldn't be more soothing. "How could sparrows understand the ambitions of a great swan?" Little Wang said proudly. Although Panda was losing money, his Pu Si Investment was consistently profitable. Lu Liang glanced over, too lazy to argue. If it weren't for Pu Si's investment in Tianxing Fund, his investments in those haphazard industries wouldn't have yielded any profits. He almost forgot, there was also War Wolf 2. Pu Si had invested $20 million, and next year it should bring in several hundred million in profits. Lu Liang took a sip of his tea, clearly indicating it was time for Little Wang to leave. Little Wang hurriedly intervened, "Come on, let's talk." "Talk about what?" "New energy." Little Wang's eyes gleamed as Lu Liang kept raising the stakes, and Buffett held more shares in BYD again. The stock gods of the East and West had unexpectedly similar thoughts; both were extremely optimistic about the future of the new energy industry. Even if only 10% of the market share was taken from fuel vehicles, it would still be a market worth several trillions. The industry's ceiling was far higher than live streaming, and he was also very interested. Panda was out of money, but that was Panda's problem, not his, as he still had quite a bit of funds at his disposal. Leaving it in the bank unused was a despicable waste. Lu Liang couldn't help but chuckle, turned his head, and began to sift through the filing cabinet, finding the expenditure details of NIO from the past year. "Take a look, how many rounds do you think you can withstand?" Both NIO and Li Xiang started with one hundred million dollars, and then came investing in strategic production bases worth tens of billions. In the past year, NIO had received $680 million in financing but now had just over ten million dollars left in their accounts. Li Bing too wanted to follow Li Xiang's footsteps, release the ES8 to give an account to the investors, and then start Series B financing. These car companies' spending speed frightened even Lu Liang, but the key was that every penny could be accounted for; there was no water in the numbers. He wouldn't dare enter the arena without saving up tens of billions in funds. Little Wang? Forget it; Old Wang might be more apt. Little Wang pored over the materials with a grave expression. The more he looked, the colder he felt, and he couldn't help but wipe the non-existent cold sweat from his forehead. No wonder Lu Liang looked down on Panda; the tens of millions and billions of dollars in turnover were enough to buy out Panda. However, after investing so much money, not even a mass-produced car was available, and profitability was even further off. Investors didn't even expect the car companies to make a profit; they were all waiting for an IPO to recoup funds from the capital market. With a beaming face, Little Wang chimed in, "Liang, with such a big market, there must be some ancillary industries, right?" Manufacturing cars required too much capital, which he couldn't afford to play with, but messing around with peripheral areas was still within his reach. Lu Liang suddenly asked, "How about going into electric motor R&D?" He had invested in batteries, developed electronic control in-house, and now he was only missing an electric motor. He hadn't found a suitable candidate yet, but when it came to investing in motors, he preferred to invest whenever possible. Little Wang stared blankly, then pointed at his nose and asked incredulously, "Do I look like someone who can handle R&D?" Lu Liang was at a loss for words, "It's about time, let's go grab some food instead." "Liang~ Isn't there an industry suitable for my transformation?" Little Wang pleaded with a melancholy expression, clinging like a woman, knowing Lu Liang was soft on persuasion rather than force. Lu Liang looked disgusted but annoyed beyond help, "Then transition to live stream selling." "Live stream selling?" Little Wang's eyes suddenly lit up; live streaming was his specialty. Lu Liang slowly started to explain, mentioning the guide-shopping model he had heard about from Luo, commonly known as the interactive version of TV shopping. He also gave Little Wang Chen Qi's contact, since Mogu Street was supposedly the first live-stream selling platform in the country. Taobao had even borrowed the model, and Luo wanted to make a comeback in the industry; it must have some merit. "It seems quite promising," Little Wang mused, suddenly thinking about suppliers. "Who should we collaborate with?" Panda lacked everything but anchors; the key was the source of the goods, as he needed a stable channel. Lu Liang replied grumpily, "Apart from Pinduoduo, who do you think would partner with Panda?" Taobao replicated it directly, JD was arrogant, and Pinduoduo welcomed all comers. [On July 26, 2018, Pinduoduo went public with a market value of $24 billion] A company established in April of the previous year went public in just 39 months with a market value of $24 billion. Lu Liang was envious, but since Pinduoduo was backed by Tencent, it didn't lack development funds. He had received the news early but missed the earlier rounds of financing; now, he could only watch. "Thank you, Liang~" Little Wang suddenly had an idea, picked up Chen Qi's business card, and left promptly. He planned to visit the founder of Mogu Street first and then study the model thoroughly. Lu Liang glared disapprovingly, "You're like a dog, aren't you?" Little Wang grinned, "We're so familiar, do I need to buy you a meal? Should I also call a few girls to keep you company?" "You think you shouldn't?" Lu Liang sighed in resignation, not in the mood to eat, and headed to Tang Caide's office. He planned to ask her to recommend a suitable director to be parachuted directly into Tianxing Technology in Beijing, to avoid staffing it entirely with people from the Mobike system. A triangle was the most stable shape; Lu Liang formed one corner, Hu Weiwei and Wang Xiaofeng another, and another corner was needed.

Chapter 239: Panda Transformation

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