As a mage, I just want to pursue the truth

Chapter 278 Cyber ​​Peng City 3
China and even the entire East Asian civilization are very eager for land or real estate.

The soaring prices of luxury homes in recent years is a common phenomenon around the world.

Whether it is China, ASEAN, America, Japan, or Korea, a developed country or a developing country, or even an underdeveloped region, a surge in luxury home prices is inevitable.

High housing prices not only bring pressure to young people, but also to all operators engaged in the real economy.

The profits in the manufacturing industry are so thin that they cannot keep up with inflation. The profits in the real consumer industry are mostly swallowed up by rent. The soaring housing prices do not directly benefit most people.

Indirect benefits still exist. After all, the country has been investing heavily in infrastructure in recent years, and the money for infrastructure comes from land finance.

This is not a phenomenon unique to China. Japan has also experienced similar incidents in its modern history.

The department in charge of economic planning in Japan is called the Ministry of Finance. In the past, when Japan's economy was booming, the Ministry of Finance also used infrastructure to boost the economy.

From the end of World War II until the early 20s, Neon was held up as a model of economic success and a model of economic growth.

I still remember Ezra Vogel’s book “Neon First” vividly.

In fact, during these decades, there was another crisis in Japan:

A series of problems include the rigid and corrupt bureaucratic system, the command-based funding system that led to the collapse of the financial system, the capital construction investment that wastes resources, the huge hidden fiscal deficit, the industrial development that ignores environmental issues, the urban transformation that destroys the cultural heritage, the cramming education system that does not focus on the development of abilities, and so on.

The above-mentioned neons have existed in history. They are real. For more information about the above history, you can read a book written by an American scholar about ten years ago, called "Dogs and Ghosts".

The title of the book is obviously a tribute to "The Chrysanthemum and the Sword".

When this book was introduced to China, it was Wu Jinglian who helped write the preface.

The explosive growth in housing prices in China over the past two decades and infrastructure-driven GDP growth have only been seen in other East Asian countries.

Infrastructure-driven GDP growth can be seen in America's development history, and explosive growth in housing prices can also be seen in the Maple Leaf Country, but only East Asian countries have both.

This seems to be the inevitable fate of East Asian civilization.

When Tencent's Metaverse property came out, the majority of netizens were instinctively disgusted.

They subconsciously thought that this was another round of harvesting methods by the big companies.

Especially when the price given by Tencent was announced, one-tenth of the price exceeded netizens' expectations.

There was an immediate barrage of criticism online, and Tencent’s Metaverse Real Estate was quickly pushed to the top of Weibo’s hot search headlines.

In fact, real estate speculation in the metaverse has existed for a long time, and there have been frequent news reports of domestic and foreign celebrities purchasing virtual real estate.

For example, the news that JJ spent 12.3 million yuan to purchase real estate in the Metaverse also made the news.

However, these news did not arouse heated public debate and were limited to a small-scale discussion within the cryptocurrency community.

Because the general public will subconsciously feel that these are too far away from them, and are nothing more than a hype trick by merchants, a game of passing the parcel around.

The Metaverse Real Estate developed by Tencent has a much greater influence.

First of all, Tencent is one of the top Internet giants in China. At the same time, the number of people participating in Ke Chuang Bio's brain-computer connection VR far exceeds all previous metaverse applications.

In particular, the Metaverse real estate chosen by Tencent is Pengcheng, which is a super first-tier city in China.

Coupled with the already unaffordable housing prices in Pengcheng, the superposition of multiple factors has made the majority of netizens feel extremely involved in the situation.

Ren Yu, who was giving a speech on the stage, was unaware of the influence of outside public opinion, or even if he knew he would not care too much.

Tencent has extensive experience in public relations and manipulation of public opinion.

When they were preparing to develop this product, they had already fully demonstrated the impact on public opinion internally.

Tencent has never lacked negative public opinion. In the face of such huge interests, more negative public opinion will not have much impact.

This is also why it has been too easy to make money on NFTs in the past two years.

Therefore, they want to create a masterpiece in the field of metaverse.

This is the product displayed by Tencent at this press conference, Huanyu-Pengcheng.

If the effect is good, they plan to launch more Metaverse City series in the future.

Pengcheng is just Tencent's test project in this field.

The reason for choosing Pengcheng is that Tencent has been working in Pengcheng for decades and has established the reputation of Nanshan Pizza Hut here.

Pengcheng is also willing to grant authorization.

You have to know that without authorization from the local government level, an app named after a city will definitely not be able to obtain a distribution license.

There are not many Internet companies that can accomplish this.

As for why Pengcheng dares to do this, half of the profits from virtual real estate belong to them.

The revenue from the first phase of 50,000 properties alone amounted to 17.5 billion.

You should know that Nanshan District’s annual fiscal revenue is 361 billion RMB, and the first phase of virtual real estate income alone is half of Nanshan District’s fiscal revenue.

Pengcheng’s annual tax revenue is approximately 1900 billion yuan.

At the same time, Pengcheng is not worried about being held accountable if there are any problems. They are a special economic zone and need to be bold in exploration.

In other words, other first-tier cities may have to go through a lengthy process of argumentation, but Shenzhen does not need to go through that cumbersome process and can just do it first and talk later.

"In addition, I need to explain some questions that you may have thought of, or questions that you may not have thought of."

“First, there is the issue of uniqueness. Every virtual property we sell in Huanyu-Pengcheng will be bound to the real house number in the background.

At the same time, when you purchase virtual real estate, you will sign a purchase contract with Tencent, and the contract will clearly stipulate that the virtual real estate is unique.

We cannot expand virtual real estate indefinitely. For example, the first-line sea view house in Qianwan will not be sold repeatedly on all Tencent platforms.

Every virtual property sold will be certified in the blockchain created by Tencent, and will also be certified by Pengcheng officials.

In the future, Pengcheng will not authorize other Internet giants to allow them to build Pengcheng in the Metaverse.”

This means that if other Internet giants want to build virtual cities, they need to cooperate with other cities.

Apart from Pengcheng, the other super first-tier cities are Shenhai, Yanjing and Yuecheng.

Among them, Yuecheng has been targeted by Tencent, and they expect to launch it in the future.

It is not realistic for Yanjing to negotiate this, and it can only be done by state-owned enterprises.

There aren't many options left.

At this moment, the Internet executives in the audience or watching the live broadcast remotely were thinking in their hearts.

In this track, only giants have entry tickets, and small and medium-sized enterprises have no chance at all.

In addition to the fact that cities will not choose to authorize small and medium-sized enterprises, there is another very important point: buildings have copyrights, and they want to obtain these copyrights.

Not just any company can do it.

“Because the price of Huanyu-Pengcheng is still relatively high, most Futureverse users will not choose to buy virtual real estate.

Therefore, for those users who do not have virtual real estate, they can also use Huanyu-Pengcheng.

But when they use it, they can only move in public areas.

For example, places like tourist attractions, parks, and pedestrian streets.

Users who purchase virtual real estate can also choose to rent the virtual real estate they purchased to other players.

Whatever operations you can perform on the properties under your name in the real world, you can also perform in the virtual world.

In addition to individual users, we also welcome corporate customers.

Corporate customers can purchase commercial properties or shops in Huanyu-Pengcheng.

And we provide virtual meeting rooms to corporate customers.

As we all know, Tencent has branches all over the world. When we need to hold a remote meeting, we can let them hold the meeting in Huanyu-Pengcheng.

Everyone can hold meetings in the virtual Pengcheng, the Tencent office building.

We have integrated all the functions of Tencent Conference into Huanyu-Pengcheng.

In the virtual Pengcheng, we also provide online education services.

We work with more than 20 top private schools including Pengcheng, Shenhai and Hangcheng.

We select the best teachers and create a teaching staff with quality that is no less than that of offline education.

These best educational resources concentrated across the country can be enjoyed in Huanyu-Pengcheng.

In addition to online education, we also have online medical consultations. Currently, we mainly choose to cooperate with Pengcheng Overseas Chinese Hospital.

Experts from Pengcheng Overseas Chinese Hospital will receive users from all over the country through online consultations.”

Why do people still have to buy houses even though they are expensive in reality?

Because housing is bundled with attributes other than living, such as education and medical care.

Especially when it comes to school district housing, Chinese parents can be said to have spared no effort in investing in education.

Before the advent of brain-computer connection VR, Tencent had been investing in the field of online education.

At that time, they were more of an online education service provider, helping private institutions to build online education.

Tencent will not intervene personally.

After the great success of brain-computer VR, Tencent began to get involved personally. Previously, it mainly cooperated with some extracurricular education brands, such as New Oriental and Future Education.

The main focus is on online education for adult postgraduate entrance examinations, TOEFL and IELTS.

It’s not that Tencent doesn’t know that underage education is the most profitable, but that Tencent wants to save its big move for now.

Ren Yu did not explain in detail, but in fact, these top private education resources from China's super first-tier and new first-tier cities are undoubtedly tied to virtual real estate.

Only in this way can these virtual real estates better reflect their value.

Because this is a new thing from Tencent, they are not 100% sure whether the market will buy it, so they want to add some added value.

Some companies are already doing online telemedicine in VR.

Ali Health and JD Health both do this, and Tencent’s online telemedicine also uses JD Health’s ready-made modules.

Tencent is the largest shareholder of JD.com, holding nearly 20% of JD.com's shares.

For a company with a market value of 100 billion euros, this is a very high shareholding ratio.

Therefore, Tencent provides great support to JD.com. Tencent will choose to let JD.com do many things that can be done for JD.com.

Tencent focuses on empowering the companies it invests in, while Ali focuses on recruiting them.

“Huanyu-Pengcheng is Tencent’s masterpiece that culminates its understanding of the metaverse, and it will become a benchmark work in the metaverse industry.

I hope all users can experience the pace of the future in Huanyu-Pengcheng."

(End of this chapter)