What's wrong with me being a rich man?

Chapter 574 The Significance of Change

Yu Xing was very happy to be able to continue his journey with his senior.

Once the person has been located, all that's left is a matter of personal grudges.

Whether it's Bai Xiaosheng or Guo Shanfeng, their emergence is not only driven by the pursuit of wealth, but also by other considerations. Although there are many factors involved, the first financial lesson taught by the senior alumnus back then is undoubtedly the source.

Yu Xing didn't confirm Yu Xuhui's whereabouts with Liu Ge, but Liu Ge's concise description was enough to convey the other's concerns.

As Yu Xing's name began to appear more and more in the public eye, Yu Xuhui started moving frequently, from New York to Orlando, from Orlando to Miami, and finally moved to Houston.

Over the past few years, he has had no doubt that his former juniors would try to find him, forcing him to change his identity and seek a safer place.

Liu Jiankai knew the details of the minor feud between President Yu and Yu Xuhui, and was happy to continue helping him resolve the issue.

The two tacitly agreed not to discuss this further, but instead explored the future of "Kobbit".

Liu Jiankai returned to Shanghai during the Spring Festival and mentioned his concerns at the time. The Hong Kong Monetary Authority sent a letter to financial institutions in January, revealing signs of stricter regulation, and these signs are now showing more explicit signals.

The much-anticipated licensing system for trading platforms has completely fallen through. The Financial Services Board (FSTB), the core department in Hong Kong responsible for overall financial policy formulation and management, has officially stated that it has no plans to issue licenses.

This means that platforms like Kebit operate without a legal basis and could disappear at any time.

Liu Jiankai was determined to go to sea, but the idea was still quite painful for him.

Yu Xingneng understood Liu Ge's description of the uncertain future and tried to comfort him: "Don't you need funds?"

Liu Jiankai shook his head: "President Yu, I came back this time to thank you. Thank you for having someone help solve the school problem for my child. But this isn't about money; it's just very painful, and I don't know what to choose."

Although he didn't have many resources in Hong Kong, he was able to quickly build a team. But in a foreign country, he was completely unfamiliar with the place.

Yu Xing had previously promised to help take care of Liu Jiankai's family matters. This year, when Liu's daughter encountered a problem with school selection, Yu Xing simply asked his secretary to make a few phone calls to resolve the issue: "It's a small matter, you don't need to worry about it."

He thought for a moment and then tried a different way of comforting him: "Liu Ge, no matter how much pain you're in, can it be more painful than selling all your Bitcoin to me before?"

Liu Jiankai immediately raised his head, looked at President Yu in front of him, and sincerely praised, "President Yu, you are a miracle doctor!"

I'll remember this for the rest of my life!
The kind that leaves an unforgettable impression!
Although the price of Bitcoin has come down this year and is now around $240, it reached a high of $1017 in January last year, and the price of 100,000 Bitcoins sold to Mr. Yu in one go was $1.23 per Bitcoin.

The degree of Liu Jiankai's heartbreak is positively correlated with the price of Bitcoin.

“Actually, it doesn’t necessarily have to be Europe.” Yu Xing had just listened to Liu Jiankai’s considerations and was now giving specific ideas. “Mentougou moved to Japan back then, and although it’s bankrupt now, it’s still worth considering. There’s also Australia. I heard Liu Wanying talk about it last time, and it seems that the policies there have loosened up.”

“I plan to test the waters in the second half of the year, Mr. Yu. That’s what I’m thinking. Perhaps Bitcoin could try decentralized operations in different regions around the world.” Liu Jiankai frowned. “Anyway, we need to establish a multi-entity architecture offshore first.”

A multi-entity structure involves establishing multiple independent legal entities in different jurisdictions around the world, using tiered holding or parallel structures to achieve compliant operations and risk isolation.

Yu Xing felt that Liu Wanying had experience in this matter.

He said calmly, "Some of silicon carbon's overseas business also involves offshore design. I'll have someone give you some advice later."

Liu Jiankai said gratefully, "Okay, President Yu, no need to say more, I'll drink this one down." He tilted his head back and drank it all in one gulp. He had chosen this path, so he would continue on his way.

Liu Jiankai still couldn't forget the original transaction. Before leaving, he exclaimed, "President Yu, don't touch those 10 Bitcoins. Keep them and they will definitely continue to appreciate in value. That might be the most successful transaction I've ever seen."

Yu Xing laughed: "Really? But I sometimes hear Mr. Xiong say that he invests in people. Maybe my investment in you would be the most successful deal."

Liu Jiankai's eyes lit up; his cryptocurrency mentor had provided strong moral support.

After seeing Liu Ge off, Yu Xing arrived home that evening and couldn't help but feel sentimental as he thought of his old classmate who had found his trail.

Liu Wanying noticed this almost undisguised emotion and curiously inquired about the situation.

Upon hearing that it was about that incident from before, she offered a brief opinion: "Then you must not let it go; this is called repaying evil with justice."

Yu Xing rubbed her hand and nodded.

The following evening, Yu Xing still talked about the matter when he had some free time. He then planned to bring it up with his parents again during dinner that night, as a way of giving them an explanation for what happened back then.

However, when he got home, he happened to see his uncle, Chu Jinxiang.

Yu Xing briefly explained the situation and received reminders from the three elders.

"A severe punishment is enough; just don't go too far." Chu Jinxiang believed in his nephew's influence.

Yu Xing chuckled: "Well, a severe punishment as a warning won't go too far."

Chu Qiying rolled her eyes at her younger brother: "A small punishment is better than nothing. It would be best to let him face legal sanctions directly. Now that we know his location, can't we just bring him back to China?"

Yu Xing pondered for a moment and said, "Let's see. I'll ask about it later."

He got up to pour tea for his uncle. Since he had some free time today, he asked about the business of the family's fruit chain fresh fruit garden.

Chu Jinxiang looked ashamed and somewhat remorseful when he mentioned this matter. His words were full of regret that he had failed to manage the business well. The current scale of the business is still limited to the East China region, and it faces strong competition from chain brands such as "Baiguoyuan" and "Xianfeng Fruit".

He has obtained a lot of carbon and silicon resources in his business, both openly and secretly. For example, he has received a lot of preferential treatment in Lingang.

Chu Jinxiang chatted for a while, and finally sighed, "Xingxing, why don't you help me find a professional manager? I'm not capable enough, and my family is hoping that we can go public in the future. I feel like I'm letting everyone down."

Yu Xing took a sip of tea and smiled, "Uncle, what's the big deal? Not every company has to go public. Don't think about going public. Just focus on doing your job well. Instead of thinking about going public every day, look at the impact this brand has on our family and see if it has changed the lives of our fellow villagers in Haiyan. I think that's meaningful."

Chu Jinxiang thought about the orchards in his hometown that had been boosted by the development, and about the sales channels he had opened up on Pinduoduo this year. He nodded and said, "Then... if they come to me again to talk about going public, I'll tell them to come to you."

Yu Xing smiled and said, "If you dare to contact me, that's fine, but I'm afraid I'll just keep bothering you."

Chu Jinxiang patted his head, still feeling troubled, but also much relieved by the changes he had brought to his home.

　I went to the hospital today to have two junctional nevi removed. I got several stitches, and it's still a little sore. Since I just took a day off, I'll still post a short chapter. Tomorrow's chapter will be 6k words.
　　
　
(End of this chapter)