Chapter 292: The Newly-Minted Billionaire

Words : 1806 Updated : Oct 1st, 2025

At the beginning of March, during the roadshow preparations for Ningde Era, word got out that the new Kirin Battery had surpassed LG and Panasonic, becoming the exclusive power battery supplier for domestic Teslas. Before the Spring Festival, the first batch of 30 domestic Mao Dou 3s was delivered, and over the past month, a cumulative total of 1,200 pre-orders were delivered, making it the uncontested king of the mid-to-high-end new energy market, with no competitors. In the future, the factory will roll out 3,000 units every month, and there are still 13,500 pre-orders pending delivery. Tesla also broke the 100 billion US Dollar market cap at this time, and at this moment, Ningde became the exclusive power battery supplier for domestic Teslas. Various institutions have uniformly raised their expectations for Ningde Era, and it can be said that Ningde Era had already gathered a group of investors waiting for its IPO before even going public. Also on this day, "Xihong City’s Richest Man" reached its one-month mark since release, raking in 1.255 billion at the box office during the seven-day Spring Festival holiday. After the holiday, the first weekend and the weekend when a large number of students returned to school brought another peak period for box office sales. The single-day box office repeatedly hit new records, reaching as high as 263 million, with a cumulative box office total of 23.42 billion to date, earning it the title of the undisputed box office champion of the Spring Festival. Wanda Cinema bet successfully, and its share price rose for a week straight. As a member of the Wanda Group, it vigorously bought Wanda Group some breathing space. "Not redeeming it anymore?" Lu Liang asked with a smile. There were rumors that Wanda was negotiating with Rongchuang to sell 76 hotels and 91% of the stock in 13 Wanda Culture and Tourism Cities, involving more than 60 billion in transactions. If the deal was reached, it would resolve a significant part of Wanda’s crisis. It has to be said that Old Wang’s decision-making was rather decisive. While others act with lingering attachments even in desperate bids for survival, he was willing to cut off his entire arm without any hesitation. The Culture and Tourism City is Wanda’s most core project, roughly equivalent to Ali selling Tianmao, or Tencent selling WeChat. "For the time being, there’s no need to redeem it," Little Wang sighed. His father, truly lived up to being his father. As soon as news of the sale of the Culture and Tourism City project came out, the crisis of a double hit on Wanda’s stocks and bonds was largely alleviated. As long as the project was secured and Rongchuang took over with the funds transferred, Wanda’s crisis could be almost entirely eliminated. Because there’s an unwritten rule in the business world: where possible, show mercy, and do not push someone to absolute ruin. Wanda Group had already amputated its own limb, paying for the mistakes it had made. Whether it was competitors or at the national level, they would likely be shown leniency. Moreover, Old Jia was in America, and LeEco was on the verge of collapsing. If Wanda also collapsed, it would have a significant impact on this year’s domestic economy. "Why do I feel like you’re somehow disappointed?" Little Wang retorted, "Am I?" Lu Liang glanced at him and teased, "Could it be that you think you can be called upon in this crisis to save the day, to prove to the world that a tiger father can indeed sire a dragon son, that blue comes from indigo but surpasses it?" "...You’re a ghost," Little Wang’s eyes widened. The more impressive Old Wang was, the harder it was for him to surpass, and he would live in that shadow for life. Just thinking of a ’heroic entrance’ script sent shivers of excitement down the spine. Lu Liang shook his head with a smile, moving past the topic, "How is the live-streaming e-commerce going recently?" Without an advantage, even if he were in Old Wang’s position, he wouldn’t necessarily be as decisive. Though the ’heroic entrance’ script was thrilling, not everyone could be that hero, especially not Little Wang. "It has a lot of potentials." Little Wang’s eyes suddenly lit up, his enthusiasm returned; his entertainment industry network finally had a chance to shine. At first, some played coy, thinking it beneath them for stars to compete with internet celebrities in live commerce. But actors, having dignity is just an illusion. It all comes down to whether the money is right. As long as the cash is sufficient, they’d welcome everyone with open arms and a big smile. Chen Chichi achieved a sales volume of 135 million in one night, thanks to giving face to Little Wang, becoming the first star on Panda to try live-stream sales. The platform also did not participate in the revenue sharing, giving him the full 10% commission offered by the merchants for publicity’s sake. A 90-minute live broadcast, earning him a 13.5 million commission, enough for a top-tier star to shoot a full drama series or join a prime-time variety show. Even with revenue split with the platform, it would be 6.75 million. And Chen Chichi was not even a super top-tier star. If he could do it, others could do better. Consequently, they rushed into the realm of live-streaming sales like blood-thirsty hounds. Panda, as the first company to dive into this field, naturally made a fortune in this live commerce frenzy. After accounting for losses, they turned a profit of only 1.51 million in the first quarter, becoming the first live-streaming business to realize profits in the industry. Valuation estimates for Panda by various institutions unintentionally reached 1.45 billion US Dollars. Little Wang still held a 53.25% stake in Panda. Personal wealth surpassed the 50 billion threshold. "No wonder," Lu Liang was rendered speechless. When people get rich, they tend to get carried away, which is why he had such unrealistic ideas, fantasizing about taking over from Old Wang in a moment of crisis. At this time, Zhuo Yifan knocked and entered, "Mr. Lu, Su City’s Director Zhou, Tianqi’s Mr. Zhang... they’ve all arrived." "Understood," Lu Liang nodded slightly, turned to Little Wang, "What are you standing around for? Waiting for me to invite you to eat?" Little Wang had a displeased expression, "Lu, don’t you have anything else to say?" If you add up the assets of Pu Si, his total wealth actually exceeded Lu Liang’s. No need to round up, it was already over ten billion. A prominent newly minted billionaire, he felt no respect whatsoever in front of Lu Liang. Even if you don’t respect a prominent new billionaire, at least respect the profits on paper. Lu Liang’s early investment in Panda was basically negligible; later, he only invested twenty million US Dollars. Currently holding a 12.2% stake in Panda, valued at approximately 176 million US Dollars, his wealth increased by 150 million US Dollars. There should be at least a little respect. "Do you want me to kowtow to you?" Lu Liang said. "No no no... I’m off, I’m off." Little Wang left with annoyance, the crisis at Wanda was basically resolved, and he became a newly minted billionaire. He had finally seen through it; showing off should be done in front of others, Lu Liang simply didn’t buy his act. Lu Liang smiled indifferently, watched Little Wang leave, and then turned to the reception room next door. Su City Government’s Zhou Yi, beaming all over his face, was chatting enthusiastically with them. According to Lu Liang, out of the twelve companies present, aside from BYD, basically all agreed to settle in the newly built industrial park. Each company would establish a new branch, with a minimum investment of no less than one billion, covering the entire new energy industry. Even though BYD wasn’t settling in, lacking a power battery manufacturer, there was still Ningde Era. Old Zeng of Ningde planned to invest 3.5 billion, relocating his Yangtze River Delta factory to the new industrial park in Su City. Once the industrial area was completed, various parts would be delivered to the park, and what came out would be a complete vehicle, creating at least a hundred thousand high-paying jobs, indirectly generating over a million jobs. Without exaggeration, once the industrial park was finished, Su City’s GDP would jump from 1.54 trillion to over 2 trillion. By then, Su City would surpass Yangcheng, becoming the nation’s fourth city to reach the two trillion level. At that time, Nan would just be little Nan, And Mr. Hu would just be so-so. No one could stop their determination to build an airport. Not even Mr. Hu! After all, for a city with a national GDP ranking in the top six and a population of over ten million, not having an airport would make even a dog shake its head. "Director Zhou, Mr. Zhang... how is everyone’s discussion going?" Lu Liang entered with a smile on his face. He was only responsible for setting up the scene and paying; he didn’t concern himself with anything else. Everyone nodded and smiled broadly, it was apparent the conversation went very well. After all, there were 27 second-level fiscal systems in the country, and Su Province’s Thirteen Grand Protectors accounted for thirteen of them. The second-level fiscal systems only needed to hand over to the national treasury, the rest of the money was their own, with no need to report up to the provincial level. seaʀᴄh thё ηovelFire.ηet website on Google to access chapters of novels early and in the highest quality. Therefore, they possessed significant financial autonomy, and the investment promotion could offer more preferential policies to the enterprises settling down, not inferior to the ultra-first-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen. After talking with them, Lu Liang sent off everyone one by one, leaving only Su City Government’s Zhou Yi. Although the new energy industrial park was said to be a hundred-billion project, it was likely to far exceed that in the end. After the conversation with Zhou Yi, Lu Liang decided to initiate a 130 billion bond based on the industrial park. The Su City Government subscribed for 30 billion, and Tianxing Mixed Fund subscribed for 100 billion. This money would only be invested in the park, aiding the development of the enterprises settling in the park. A new industrial park should not expect profits for the first few years, as continuous investment is essential, so it would only see returns in the third year. The bond of 100 billion had an annual interest rate of 8.2%, And a contract was signed for a total of seven years.

Chapter 292: The Newly-Minted Billionaire

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