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Chapter 1411: Chapter 1258: How Much Money Does Tang Qing Have? (Please Subscribe!)
The outside world.
Seeing the domestic sales of ’Epoch’ in one day, the media became excited.
Because they also played a part in its success, they spent the whole night writing article after article that inspired ’Support for Chinese Innovation,’ and these articles were posted on the newspapers and the internet the next morning.
At the same time.
Some media.
Were already hyping up another matter.
---Hurun Rich List.
In six days, on October 10th, the Hurun Wealth Rankings will be unveiled. For those who love a sensation, it is highly anticipated to see just how much money Tang Qing has?
Sina.
Homepage.
Finance headlines.
An article titled "In Six Days! What Kind of Business Miracle Will We Witness?"
The title isn’t very captivating.
But.
The position of a headline is still there, and the curious ones who click in will almost read every single word from start to finish, and involuntarily exclaim in utter shock:
---"Damn, that’s rich!"
"Another year-end has passed. In the last year, the Chinese economy has continued to maintain rapid development. Meanwhile, the wealth of the country’s major tycoons has also shown a crazy growth trend."
"Among them, the most eye-catching and the one that people are most eager to learn about is a young man, a twenty-something who is still in school, last year’s richest person in mainland China---Tang Qing."
"His wealth is growing at a speed that is hard for ordinary people to comprehend, surpassing our imagination time and again. The United States has the American Dream, and Huaxia also has its ’China Dream’."
"Next, let’s take a closer look at the industries under Tang Qing."
"Sheng Tang Group, Comet Group, Tianyan Group, Qingyuan Technology, Microcrystalline Technology, Wan Qing Mining, Zhongyu Special Guard Security Company, Qingyang Audio Equipment Company—these are just the enterprises that Tang Qing has absolute control over."
"In addition, companies in which Tang Qing holds shares include Dream Melody Group, Beijing Huatian Real Estate, Alibaba Group, Algeria Manson Oil Company, and Congo Gold United Power Grid Co."
"Each one of them is not a small company, and since none of his companies are publicly listed, their financial performances have not been disclosed. However, from some public information, we can already evaluate some enterprises."
"..."
"Qingyuan Technology, I think, is the most talked about at the moment. According to the nearly twenty million units shipped as announced on its official website, plus accessories, it has achieved close to one hundred billion RMB in revenue in less than five months."
"The profit will not be less than twenty billion RMB. If we value Qingyuan Technology based on these figures, its conservative valuation is not less than one hundred and fifty billion RMB. Since Tang Qing holds one hundred percent of its shares."
"Just Qingyuan Technology alone has caused Tang Qing’s net worth to surge to one hundred and fifty billion RMB, whereas at this time last year, Hurun had listed Tang Qing’s personal wealth at only forty-three point seven billion RMB."
"Comet Group..."
"Microcrystalline Technology..."
"..."
"In conclusion, after an estimation, we’ve come to a jaw-dropping conclusion---the total valuation of the enterprises that Tang Qing absolutely controls has reached an astonishing figure---thirty-five billion US dollars."
"With just these industries, Tang Qing’s wealth has already completely surpassed that of the former richest Chinese, Li Ka-shing. As a result, Tang Qing may jump into the top five of the global rich list."
"Because the information is incomplete and the valuation methods are too simplistic, there are certainly discrepancies in this net worth, but they are only more and not less. The good news is, the ’Hurun Rich List’ will be released on October 10th."
"At that time, we will know the real net worth of Tang Qing, please stay tuned to Sina Finance!"
---Editor: Rong Ying.
...
Once the article was published.
China was shaken.
Thirty-five billion US dollars!
Converting to RMB, that’s around two hundred and eighty billion RMB, and that’s just the value of the industries Tang Qing holds absolute control over. If we include his other shareholdings, it must be at least three hundred billion RMB to start with.
Doing the math.
My god.
Three hundred billion.
How much money is that?
Many people couldn’t even comprehend, and the news also said that if the valuation is not far off, Tang Qing might very well enter the top five of the global rich list, something unimaginable in the past.
Top five.
It has always been the ’inherent territory’ of foreigners.
What could it be?
That has created such a miracle.
In the end.
It can only be attributed to factors such as ’innovation,’ ’leading the era,’ ’vision,’ and so on.
Because the companies under Tang Qing, those that make money are all inseparable from ’innovation’ and ’technology’, compared to the clothing-selling Sheng Tang Group and the mining Wan Qing Mining, seem much less significant.
Technology,
Innovation.
That’s the future.
Suddenly.
The entrepreneurial passion of countless people was ignited, and then... cooled down rapidly. Humans are impulsive creatures; after impulsiveness subsides, one looks back to see their children hungry for food, they dare not take risks.
Besides.
They don’t have the resources like Tang Qing’s uncle. However, for those who have nothing, there is no such worry, as they have nothing to lose anymore, only dreams.
They pack their bags.
And forge ahead.
...
At the same time.
Beijing.
While the whole nation is heatedly discussing,
Hurun’s phone has not stopped ringing, with calls from friends he knows and does not know, from all walks of life, all wanting to find out just how much money Tang Qing has? Gossip is an innate instinct of humans.
Hurun is also helpless.
In the past.
Before the list was released.
Very few people would pay attention to who the richest person in China was and how much money they had, almost as there was no suspense, also because it was the same few familiar faces, and most importantly, they were all older men or elders.
What’s there to inquire about?
What’s it to them?
It’s not like it’s about a beauty.
But.
It’s different now.
Tang Qing.
Just over twenty years old.
Has become the richest man in China.
The discrepancies in age, status, and the speed of wealth accumulation have become the most controversial highlights, and everyone wants to know how Tang Qing amassed such wealth within three years and whether they have a chance to emulate him.
This is something the previous tycoons couldn’t compare with.
In the past.
The list used to be dominated by manufacturing and real estate big shots, it’s only in recent years that internet companies emerged to break the traditional monopolies, this isn’t business, it’s a miracle.
Miracles.
Are what attract people.
"Director Wang, you’ll know in a few days, it won’t be too different from what’s online..." Hurun reassures the person on the other end of the line, trying to dissuade them from prying further, as it’s crucial not to loosen lips now.
Otherwise.
There’ll be no suspense left after a week.
Hearing it’s not too different.
His friends didn’t dig too deep either.
After all.
Two hundred billion and four hundred billion US dollars.
It’s the same to them.
Both are insurmountable peaks. Since it’s a private call, Hurun doesn’t turn off his phone, his list is supported by his friends, and this kind of chat is also a way to strengthen friendships.
