As a mage, I just want to pursue the truth

Chapter 371 Path Dependency
Most people are unable to further infer that the valuations of companies holding the most commercial real estate in Suzhou will skyrocket based on the fact that the biological communication network is currently only available in Suzhou.

Those who can develop such associations are veterans who have been immersed in the A-share market for many years.

The associative ability of hot money is the strongest. After Magic's first appearance in front of the public, the forestry companies in the A-share market rose violently.

But most ordinary people can realize that housing prices in Suzhou will rise.

Chinese people are most sensitive to housing prices.

If a subway is built downstairs, housing prices will rise; if a large commercial building is opened nearby, housing prices will rise; if someone commits suicide by jumping off a building in the community, housing prices will fall.

Things happening around you can be quickly linked to the rise and fall of the real estate you own.

It's the Pavlov effect.

So even though China's real estate market has been stagnant for almost a decade, the stagnation here refers to the overall situation.

Of course, some places are still making great strides, such as Suzhou, while some places have fallen badly, such as fourth-tier cities and lower-tier counties.

Almost all citizens of Suzhou have realized that the value of their houses is going to rise substantially, so much so that in the past few days, even after the agreements have been signed, there have been many cases of default.

Although everyone knows that China's real estate market is a bomb, it is a bomb that will explode sooner or later.

However, it has dragged on for ten years without exploding. In addition to being related to the government's regulatory policies, it also has a lot to do with the Chinese people's obsession with real estate.

Whether it is the IQ, creativity, or organizational mobilization capabilities of the Chinese, any of these abilities are definitely not inferior to those of any other race on Blue Planet.

But why is it that China has made so little or almost no contribution to important inventions and systematic creations?

A very important reason lies in path dependence. The tradition for thousands of years has been land annexation. Those who made a fortune through maritime trade had to go ashore and convert their wealth into land, relying on tenants to complete the transformation from maritime merchants to landlords.

It is still the same in modern times. How can research and development be as profitable as real estate?
When you buy a property, whether in a first-tier city or a third- or fourth-tier city, it’s an easy win. The only difference in different cities is how much you can earn.

This was the case in ancient times and it is still the case today. This source of path to wealth has caused serious path dependence.

The original driving force of scientific creation is naturally weakened.

“Sometimes it’s really hard to say. I have a friend who watched your press conference earlier this year and is working hard to set up a virtual reality internet cafe.

The address has been chosen, and the contract, rent and everything have been settled.

I estimate that there are many people across the country with similar plans, but it turns out that your virtual reality equipment is bundled.

It is impossible to run an Internet cafe business, and even leasing and reselling it is impossible.

Their ideas were completely thwarted.”

Internet cafes are also a product of the times. Their business model should have been eliminated long ago, but they have survived by relying on League of Legends and PlayerUnknown's Battlegrounds.

Later, in the era of brain-computer VR, some high-end Internet cafes transformed into VR Internet cafes and their business was pretty good.

Businesses that have tasted the sweetness of this are trying to shift their focus to virtual reality.

“My friends who are doing this in Shenhai are desperate and don’t know which direction to turn.

The rent for the place he rented was 30 million a year, and he signed a three-year contract.

Li Miaomiao said helplessly: "What are you thinking about?

Investing when nothing is certain?
Even if our virtual reality equipment can support different people to log in, they can't buy it.

With a production capacity of one million and supplying it globally, it is not easy for individuals to buy it.

Not to mention buying enough to support the Internet cafe business.

If he can buy so many, he can make more money as a scalper than running an Internet cafe."

Li Shuyao smiled and said, "Originally, there was also an element of gambling in him.

Many people do business with a gambling nature.

I just lost the bet this time.

But not everyone lost the bet. My friend who wanted to open an Internet cafe in Gusu won the bet.

We just held the press conference in the morning, and in the afternoon someone found him and was willing to sign the commercial real estate lease contract he had at twice the price.

But the land price in Gusu was not as expensive as Shenhai before, and his rent was only 10 million a year, but he made 10 million by reselling it. "

Li Miaomiao shook her head: "So luck is very important.

This is how information asymmetry arises. What I take for granted may cause others to suffer losses or gains of tens of millions.

So many times I have to think over and over again about what I tell you.

But in fact, your friends in Shenhai can also hold Shenhai’s land for a while. Our biological communication network will definitely be built in Shenhai.

Shenhai is a first-tier city after all.

After the biological communication network is opened, he won’t lose money even if he opens a hotel.”

Li Miaomiao reminded that, although she did not say it explicitly, Shenhai was one of the second batch of biological communication network cities.

But Li Shuyao understood immediately: "Okay, I'll remind him when I get back.

You are the top predator of the entire China, no, the entire world's ecosystem. Countless companies and even individuals need to rely on scientific and technological innovation to survive.

Your impact on the real economy exceeds that of most countries.

Originally, my friends also wanted to get some clues from me.

I also kept my mouth shut and always said I didn't know.

But I didn’t know that either.

I rarely try to influence other people's business decisions.

I am your sister, and my identity is very sensitive, not to mention you."

Not only many fund managers and researchers within Soochow Fund want to get some information from Li Shuyao.

News means money.

Many people in Shenhai's financial circle hope that Li Shuyao can help them make connections.

Because there are many good companies around the upstream and downstream industrial chains of scientific and technological innovation and biology.

These companies are doing well by relying on scientific and technological innovation and have also developed some internationally competitive technologies by doing business in scientific and technological innovation and innovation.

They are not short of money, so they have very high requirements for introducing capital. At this time, some people do not meet the requirements or meet the requirements but have been preempted by other capitals. These people hope that Li Shuyao can act as a middleman.

If Li Shuyao was willing, she could earn ten or a hundred times more than her salary just by acting as a matchmaker.

But Li Shuyao usually doesn’t do this kind of thing because there is no need and she doesn’t need the money.

I don't want to waste the friendship between me and Li Miaomiao on this.

Even if they are sisters, their affection will eventually run out.

Li Shuyao is very clear about this.

“Today, the companies in the VR industry chain suffered a terrible loss.

I guess the news of your afternoon meeting was obtained by institutions and rushed out in advance. When the afternoon trading was about to close, the Hang Seng Technology Index of Hong Kong stocks and domestic VR-related stocks all collapsed.

The industry that suffered the most this time was the VR software industry.

Previously, the hardware companies upstream and downstream of the VR supply chain have basically fallen to the point of being buried in the ground and just need to be covered up.

However, institutions and some retail investors still have illusions about these software companies.

It is believed that in the era of virtual reality, software services will still be needed, and VR software companies can be transformed into operators of the virtual world.

Therefore, the valuations of companies in the VR software industry have not fallen much.

There was a complete avalanche this afternoon, with Hong Kong stocks falling by 90%.

It was at this time that I realized how kind the 10% limit on the rise and fall of the A-share market was. Compared with the A-share market, Hong Kong stocks have no limit on the rise and fall, so penny stocks and monster stocks are often seen.

The hot money in Hong Kong stocks is much more violent than that in the A-share market.

Due to the limit on the rise and fall of the A-share market, hot money has to give decisive retail investors a chance to escape.

Hong Kong stocks are the real guillotine.

Li Miaomiao asked: "Shouldn't it be?
We collected their cell phones during the meeting.

Logically speaking, there should be no way to spread the news.

How can investors get ahead of the game if they don’t get the news? "

Li Shuyao thought for a moment and said, "It may be that the senior executives of Kechuang Biotechnology have already released the news.

It was only today that the institution was launched.”

Li Miaomiao shook her head: "Before today, they also didn't know how we developed the virtual world.

This is also kept secret from them.

Senior executives participated in the research, but they did not know which method would be chosen in the end.”

Li Shuyao asked, "Did the executives of Kechuang Biotechnology have mobile phones or other communication devices during your meeting?"

Li Miaomiao: "No, no one brought any communication equipment, including me."

Li Shuyao asked again: "Is there a waiter?"

Li Miaomiao thought for a moment and said, "Yes, there are waiters to pour water."

Li Shuyao realized: "It is likely that there is something wrong with the waiter.

There is a high possibility that the waiter and the conference participants were in collusion.

They convey their messages through certain gestures.

For example, if I extend my hand, it means that you will open up the development rights of the virtual world.

The fist-shaped structure means that the development rights of the virtual world are extremely limited.

Then after the service staff passed the information on, the agencies got the news and rushed forward.”

“Damn, it’s still possible.

It's just like a spy movie." Li Miaomiao couldn't help but swear.

Li Shuyao said: "What I said is just a very simple way.

There are more complicated ways, such as colluding with a few waiters and executives.

They made different gestures, and then the waiter passed these gestures back, combining them into a more complete message.

Haha, actually you don’t have to feel strange. Business wars are full of surprises. Why are business wars called wars?
It originally contained spy warfare content.”

Li Shuyao has seen a lot. As a fund manager, she often visits companies for research and has heard all kinds of business war stories.

Li Shuyao's acceptance is much higher.

Li Miaomiao said helplessly: "These people are really capable of doing anything."

Li Shuyao asked: "So you plan to find out the traitor?"

Li Miaomiao: "Of course, since a leak has occurred, there must be corresponding punishment measures.

We originally planned to hold this meeting in a VR conference space, but then we thought that this was a very important matter, so we decided to hold it offline.

I didn’t expect this kind of mistake to happen.”

Online meetings have been able to achieve almost the same results as offline meetings many years ago.

Both Zoom and Tencent meetings are convenient and highly available.

However, meetings cannot be separated from offline activities, because offline information is not only transmitted through meeting information, but also includes information outside of the meeting.

Li Shuyao reminded: "In fact, the treatment of service staff is not enough.

So they can be easily bought off.

As a waiter, you may earn at most 18,000 yuan a month, but working for an agency can earn hundreds of thousands or even millions of yuan.

You will still be bribed even if you change people."

Li Miaomiao said angrily: "Even so, they still need to be punished.

We can’t let them keep making money from selling company secrets.”

Then she breathed a sigh of relief: “It doesn’t matter.

This should be the last offline meeting.

Future meetings will be held in the virtual world.

So there is no risk of any leaks.”

Wu Yong is the son of an academician, and he is also the boss who plans to invest 20 million yuan to open a virtual reality Internet cafe in Suzhou.

He knew Li Shuyao because their fathers knew each other. Li Xulin was also elected as an academician ten years ago.

Wu Yong is a second-generation rich man with no ideals. Relying on his father's academic resources, he realized early on that he was not cut out for academic work.

He relied on his father's administrative resources to do business and did quite well. After all, the power of an academician is still very great, especially since his father is an academician of Soochow University.

You should know that Suzhou University only had this one academician back then. Of course, in recent years, relying on the generous funding from the Suzhou Municipal Government, Suzhou University has introduced several more academicians.

However, Wu Yong still relied on his father to obtain a large number of various resources.

"Ah, it's not unlucky, but it's really unlucky.

If we can really open a virtual reality internet cafe, the money we can make will definitely be more than just 10 million.

But now being able to earn 50 million is a blessing in disguise."

Wu Yong and Li Shuyao said that he earned 10 million, but in fact he earned 50 million.

He rented an entire floor in a core business district in Suzhou.

Wu Yong's original plan was to use the virtual reality Internet cafe to attract popularity, and then sublet other stores at a high price.

You have to know that it is difficult to do business in the real economy now. The rent of a popular business district and an unpopular business district can differ by several times.

Moreover, Wu Yong’s plan does not rely solely on Li Shuyao. One of his father’s students is a senior executive at Ke Chuang Bio.

He had hoped to use this relationship to gain priority purchasing rights for a batch of virtual reality equipment.

Wu Yong knew that new products would definitely be in short supply, let alone virtual reality equipment.

Even Apple's new products, which don't have much novelty every year, rely on gimmicks rather than actual innovations to allow scalpers to make a lot of money every time a new product is launched.

Not to mention epoch-making products such as virtual reality devices.

He even planned to double the stock of each unit.

What he didn't expect was that Ke Chuang Bio would not give him any chance to find loopholes at all.

“It’s incredible that everyone’s brain nerve signals are uniquely bound.

Ke Chuang Bio doesn't even want to make money!
It is obvious that if the price is set at ten thousand or even tens of thousands, there will be plenty of people who will buy it.

At this price, everyone will go crazy for it." Wu Chen was helpless. He thought he could buy a batch, but now he couldn't guarantee that he could buy it.

(End of this chapter)