Rebirth: Super Banking System

Chapter 1253: Chapter 109: Reaching the Summit (Please Subscribe!)

The next day.

Nasdaq opened for trading.

Due to some timid funds pulling out,

ERV’s stock price, after a slight drop of less than one percent,

began a new round of rising.

The funds allocated by Tang Qing didn’t rush into the market but entered separately and slowly, making good use of the steel on the blade’s edge, and it was impossible to just hang a massive buy order out there.

No need to hurry.

In the afternoon.

After six hours of trading,

the market was in a frenzy of celebration.

Because.

By then, ERV’s stock price had risen to $125.

That meant.

ERV’s total market value

reached $471.6 billion, surpassing ExxonMobil, and achieving the world’s highest, both inside and outside the exchange were abuzz, because it was they who had created this record.

...

San Francisco.

At the home of Hanfrai.

"Bang~~"

To share the joy,

Hanfrai called friends over to his house.

They opened champagne to celebrate; his average purchase price was $76, and now, he wasn’t far from doubling his investment, which should be the highest return on investment in his lifetime.

"Billy, haha, I’ve earned back all the money I used to spend on games," Hanfrai said excitedly, his arm around Billy’s shoulder.

Billy rolled his eyes.

It’s just some numbers.

What’s there to get excited about?

"You only really make your money when you cash out," Billy reminded.

Hanfrai didn’t take it seriously.

"It’s the same thing, I’m not cashing out. I believe it’ll rise more, and as for how much, I don’t know, but even if it falls, it won’t drop to a point where I lose money," said Hanfrai with a carefree laugh.

Billy pushed his glasses up.

He analyzed, "After the rise, capital seeking short-term profits will choose to escape, and the price will experience turbulence. Whether it goes up or down after that will depend on the market’s confidence."

"I have confidence in ERV," Hanfrai declared, the very picture of a die-hard fan.

Billy looked resigned.

With this kind of person,

you shouldn’t talk about things beyond their intelligence.

"Do as you wish," said Billy.

Hanfrai laughed loudly. "I know you’re smart, but thinking too much takes away a lot of fun. I don’t care how it fluctuates, all I know is, I really like this company, and that’s enough for me."

...

The following week

was just like the second day.

After a slight opening fluctuation,

ERV’s stock price kept rising, making ERV’s stock chart look very attractive. On the evening of April 25th, ERV’s stocks reached a new high, breaking through the $160 barrier.

This price

was the limit of market confidence.

Because

By then

ERV’s market value surpassed $600 billion, a colossal value only ever achieved by Microsoft in the past, and after the internet bubble, no company managed to reach it again. Now, eight years later, ERV had succeeded.

Even if one were optimistic,

capital wouldn’t continue to take risks.

So,

speculation and investment.

took the same path—cashing out. It was inevitable. At the high point, speculators wanted to realize their gains and leave, and investors also wanted to cash out partly, looking for a low point to buy in during the fluctuations.

The trading behaviors of both parties were astonishingly consistent.

...

"Tangtang, I sold fifty percent; I didn’t expect stocks to really make money." As soon as the U.S. Stocks closed, Tang Kai’s call reached Tang Qing to share the joy in his heart.

"Second Uncle, we still have to prioritize solid industry," Tang Qing said rationally.

"You’re right, this is just for fun. For stability, solid industries are reliable," Tang Kai laughed, and how could he be blinded by such a windfall? At the same time, he marveled inwardly at how his nephew had grown up.

Tang Qing’s calmness made Tang Kai feel a bit ashamed.

Solid industry is the main thing.

Tang Qing always stood firm.

Yet, he himself had been tempted by this sudden wealth, which was truly a matter of insufficient maturity. He decided then and there not to involve himself in any high-risk capital games in the future. Even if he occasionally bought stocks, he would only make conservative investments.

Thinking of Tang Qing’s mobile phone launch next month,

Tang Kai felt a little thrill in his heart.

"Tangtang, how is the mobile phone launch procedure going? I heard that Uranus Liu came to our Film and Television Base the other day to shoot a promotional MV, and your sister Nian’er even went to watch."

"The testing by the Ministry of Information Industry is nearing its end; I asked Chai Dashao, and we should be able to get the network access permit by the end of this month," Tang Qing replied.

With this attention from above,

the process for the network access permit went very quickly.

Once it was secured,

it could be sent directly to the Foxconn factory. This way, the mobile phones could be final assembled; otherwise, without the network access permit, theoretically, they are not allowed to be packed and go public.

"That’s good to hear. I’ve heard that ERV is also getting into smartphones; could this pose a threat to your product?" Tang Kai remembered another thing. Although his mobile phone company had just been established for a short while,

nobody dared underestimate ERV’s efficiency.

"Not for now, we’ve seized the initiative; for others to catch up, it will take quite some time."

Regarding his second uncle’s concern,

Tang Qing had to smile.

When would ERV’s phone come out?

It depends on when the smartphones of other giants that could threaten him would be on the market. In the absence of a powerful enemy for the time being, ERV certainly would not directly challenge Qingyuan Technology’s mobile phones.

But after other manufacturers released products that posed some threat,

ERV would go straight in and beat them up.

That’s how brutal,

how unreasonable they were.

...

In Shen City.

At the Huaxia headquarters of Foxconn.

A group of executives were quietly observing the object in front of them.

The Qingyuan Technology mobile phone.

As a contract manufacturer, it was inevitable to come into contact with some of the tech secrets of major companies, therefore, confidentiality became a lifeblood for such businesses. Looking at the phone before them, they too were somewhat mesmerized.

The president addressed from above.

"This is our focus for the coming months, Qingyuan Technology’s mobile phone project. Honestly, if I hadn’t seen it with my own eyes, I would find it hard to believe that a company could develop a smartphone so quickly."

"Qingyuan Technology has given us an order for three million units, promising that subsequent orders will also be given to us. As of yesterday, all components have been delivered, so I expect nothing less than to have the quality and quantity assured."

"..."

This

was actually a call to arms.

Yesterday

Terry Gou, the chairman of Foxconn’s parent company, came for an inspection and after seeing the phone, called Tang Qing personally, and they talked for quite a while. Afterward, Chairman Terry Gou held a special confidential meeting for them.

The president knew

that many communication giants were trying to inquire about Qingyuan Technology’s mobile phones.

But they did not compromise.

If they lost their credit,

in the business world,

what would they have left?

Half an hour later,

the meeting ended.

Three million phones were also a significant challenge for them, and it was the largest mobile phone contract order they had received since being established. Due to confidentiality, it wasn’t possible to subcontract to smaller factories.

One can imagine

that they would be very busy over the next few months.