Chapter 131 131: Net Worth 3.01
"Brother, don't play coy after taking advantage of a good deal."
Zhu Hu gave a wry smile; although they would earn more, they also had to bear greater risks.
The further along they got, the harder it became to cash out because everyone's eyes were bloodshot with the mentality of winner-takes-all, determined to see things through to the bitter end.
Unlike Lu Liang, who had pocketed his gains early; with his abilities in the financial market, he could make more just by rolling his money a few times than they could by slaving away.
Lu Liang just smiled and said nothing, then he brought up Panda Interactive Entertainment, after all, he had promised Little Wang to drum up a few more investors for him.
"Sure, send me an invitation when the time comes," Zhu Hu agreed briskly, not just to give face to Lu Liang.
Because he suddenly remembered that Tencent seemed to be plotting a big entertainment project, and the market was going to be integrated for a listing eventually.
Stakes in Panda could also fetch quite a sum of money.
As they chatted, Zhu Hu's face took on a strange expression: "What did you do last time you went to Beijing? A few days ago, when I talked to Zhang Yiming about you, he seemed like he wanted to eat you alive."
"If it's going to rain, the lady will get married. If a subordinate wants to start a business, it shows the leadership is lacking. What does it have to do with me?" Lu Liang said.
"Isn't it quite normal? So why does he hate you so much?" Zhu Hu felt puzzled.
"Maybe he's just a little petty."
"Maybe so."
Zhu Hu laughed to himself, recalling when Lu Liang visited Golden Sand River; his eyes had lit up upon seeing Kuai Shou's business proposal.
...
After several uneventful days, the 25th finally arrived, when Tianxing Private Equity would update their net asset value for the second time.
Lu Liang sat tranquilly as Little Wang became anxious: "It's only half an hour left, can't you reveal a little bit ahead of time?"
Everyone knew Lu Liang had made money, but nobody knew exactly how much. They were all waiting for the net value update.
"Rules are rules. Look how calm Old Meng is." Lu Liang, still smiling, gestured for him to look at Meng Changkun.
Old Meng was the picture of composure, holding a teacup, not a drop of tea spilling as he poured.
Old Meng spoke nonchalantly, "What comes is fate, what goes is karma. Young man, do not be anxious—drink more tea."
Wang Xiaocong made a disgusted face: "Ever since he signed up for that spiritual Zen class, his brains have been scrambled. You want me to learn from him?"
Lu Liang chuckled and continued to examine the earnings report, which was divided into two parts: gains from A-shares and US stocks.
Heavily invested in BYD, their stock value was RMB 320 million, and they were still buying; the profit was RMB 31.35 million.
The account had available funds of RMB 193 million, including RMB 50 million loaned to Panda Interactive Entertainment.
Total assets in RMB were RMB 563 million.
Heavily invested in Tesla, the stock value was 172 million US dollars, with a current profit of 42.4 million US dollars.
The account had available funds of 40.81 million US dollars, with total US dollar assets being 212.81 million.
Total assets in the dual currency were 301 million US dollars, which also represented this month's net value of 3.01.
Lu Liang signed the authorization and handed the report to Wen Chao, then turned his head to see Little Wang, separated by a wall, calling Wen Chao.
"Are you disappointed? It's not as much as you all imagined."
Upon learning the net value, Meng Changkun couldn't contain himself; to hell with that spiritual Zen class, speaking excitedly, he blurted out: "Damn impressive, the net value has risen by 1.17, an increase of 63.6% compared to the previous period."
Lu Liang sighed, "Ah! Alas, last month we grew by 84%, and this month only by 63.6%."
"Liang~ Bro~~~ with a capital of one hundred million dollars, earning two hundred million dollars in two months, you're already pretty awesome."
After Little Wang finished his call and came back, he managed to restrain the urge to beat up Lu Liang in his excitement and fawned over him with a big, sheepish grin.
He had subscribed to eight shares, a total of sixteen million dollars, which now turned into forty-eight million dollars. Even after deducting the 20% fund profit management fee, it was still RMB 162 million.
Meng Changkun was amazed and nearly speechless, feeling that any praise was too pale; he had subscribed to one share less than Little Wang, and after deducting the management fee, he could also earn RMB 142 million.
But what was more startling to him was Lu Liang's earnings. He had subscribed to sixteen shares himself, one more than the other two combined.
In two months, his earnings had reached RMB 325 million, and he also enjoyed 60% of the 20% share of the fund's profits.
Currently, the management fee generated was RMB 255 million; in this respect, Lu Liang's income was another RMB 153 million, totaling RMB 478 million.
In two months,
He earned RMB 478 million,
How much more could he earn after ten months?
Meng Changkun suddenly became serious, "Liang, if you have any plans, you should start preparing for the second phase of the private equity fund."
"Right, right, we've got to get ready quickly," Little Wang said excitedly, agreeing hastily, still thinking he would have a part in the second phase.
Meng Changkun gave him a sharp look and explained, "There were too few newcomers in the first phase; they'll slowly move from regret to envy, and finally to jealousy."
Lu Liang pondered for a long time and nodded, "Understood, I'll give it some serious thought."
Old Meng's concern wasn't unfounded. It wasn't a minority that would destroy what they couldn't have.
He wanted to make money without worry, which meant bringing more people in to join them, to form a community of shared interests.
Meng Changkun looked serious and felt it was time to be honest with Wang Xiaocong, "Xiaocong, we can't join the second phase."
Wang Xiaocong's face changed slightly, showing a hint of anger, "Old Meng, what do you mean by that?"
Meng Changkun spoke bluntly, "Think about it. Do our efforts deserve such a high return?"
Wang Xiaocong might be naive, but he couldn't afford to be, and he believed that Lu Liang was waiting for him to explain to Wang Xiaocong.
Among the three of them, if one had to play the role of the 'good cop,' it had to be him, because it was agreed from the start that Lu Liang would stay out of the minutia.
Wang Xiaocong's eyebrows furrowed, his anger gradually fading, as if he had never considered this question.
It seemed like all he did was reject a few phone calls, and amidst laughter, he ended up with 20% of 20%.
Wang Xiaocong looked at Lu Liang, wondering what his opinion was.
Lu Liang didn't avoid his gaze, smiling, "It's not as serious as Old Meng says. Future subscriptions will still go through you guys."
What he meant was that the shares would remain the same; they could either subscribe themselves or give them as favors, but there would be no equity dividends.
He also needed to bring in stronger institutions, and he already had a desired target in mind.
"Damn, so that's it. I thought it was something big, scared the hell out of me," Wang Xiaocong suddenly burst into laughter, breaking the increasingly solemn atmosphere.
"Little Wang, I'm warning you, stop being so disrespectful,"
Lu Liang and Meng Changkun almost said it in unison.
The three exchanged smiles, everything unsaid was understood.
Meanwhile, a new storm was brewing.
The net worth of Tianxing Private Equity Fund reached 3.01, a 63.6% increase over the same period, and the news spread widely within the circle.
Those in the know marveled; two hundred million dollars earned in two months, with the short-selling of Tesla probably netting 117 million dollars.
On a stock with a market value of just under twenty billion, making 117 million by short-selling was like brutally carving flesh from Wall Street.
For years, they had either harvested each other or joined forces to harvest outsiders; this was the first time someone took food from their plate.
Such welcome news, promoting our national pride and uplifting people's spirits, was eagerly shared among industry insiders.
It spread from one to ten, then ten to a hundred, and gradually went viral.
Lu Liang, who had been forgotten due to the addition of a new starring role in "Prison Storm 4," once again caught the public's eye.
This time was different from before; last time, netizens only knew Lu Liang shorted the stock but didn't know how much he had made.
But this time, specific profits were leaked, amounting to an astonishing 117 million US dollars, approximately 744 million RMB.
"I'm feeling dizzy."
"How many zeroes is that?"
"He made that much in one month?"
"Any experts around? I've got some spare cash."
"Take me with you; I want to make money too."
There was a frenzy of subscriptions across the internet, but no one knew how to do it; ultimately, it all headed to Lu Liang's Weibo.
"Lu God, take me to the skies~~"
The news received nearly a million likes.
On the other side of the ocean, in the middle of the night,
Wilson's face was as dark as still waters, a watch worth fifty thousand dollars was hurled to the ground with force.
He initially thought Lu Liang had made just a few million, at most not surpassing ten million, but he hadn't expected it to be a nine-figure sum.
That was a quarter of their earnings, which should have been theirs. Rounding up, it was nearly a three hundred million dollar loss.
His heart was bleeding; losing money was one thing, but losing face was another. They had nearly lost all of Wall Street's prestige.
"Lu~Liang!"
A roar echoed through the luxurious apartment in the dead of the night.
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