Since they are reborn, they must be supported by the school beauties.

Chapter 248 Trusting the Momentum
Yan Chengbin and Chen Min arrived in Jiangcheng in the afternoon.

The two didn't rush to school, but instead took a stroll around Jiangcheng city first.

Chen Min, being quick-witted, thought that since the two children were classmates, it would be better to have them go to the restaurant together at the appointed time and meet directly there.

Although Yan Chengbin missed his daughter, he didn't think about it too much. After all, his wife always considered things more thoroughly than he did, even in the smallest matters.

In class, Yan Ruoxuan received a text message from her mother, telling her to go to the restaurant with Chen Cheng. She then told Chen Cheng about it.

Chen Cheng naturally had no objections and readily agreed.

After the last class, the two went out together, hailed a taxi, and headed straight for Jiangcheng Hotel.

Chen Cheng had already booked a private room by phone, and the two planned to arrive first and then have Yan Ruoxuan's parents come over.

After arriving at the restaurant and telling the couple their room number, the couple came looking for them shortly afterward.

When they knocked and came in, Yan Ruoxuan was startled, not expecting them to arrive so quickly. She immediately asked, "Mom and Dad, where are you? You're here so fast!"

“It’s upstairs. Your dad and I booked a room here. We’ll be staying here tonight.”

Chen Min looked at her with doting eyes, then turned to Chen Cheng standing to the side.

They had seen Chen Cheng's videos before and knew that he was quite handsome, but when they actually met him, they found him even more pleasing to the eye.

Chen Cheng then said politely to the two of them, "Uncle and Aunt, I'm so sorry to have troubled you to make the trip yourself!"

"It's okay."

Chen Min was very enthusiastic and said with a smile, "It just so happens that Xuanxuan's father and I also wanted to come and see Xuanxuan. We haven't seen each other for more than two months."

Yan Chengbin looked at Chen Cheng and smiled, "Little Chen, your aunt and I have long admired you. Xuanxuan mentioned you to us when she came home for National Day. We heard about some of your achievements. You are truly remarkable!"

Chen Cheng said modestly, "Uncle, you flatter me. It's just a small thing, nothing special."

Then he invited the two of them: "Uncle and Aunt, please sit down. We just came in and haven't ordered yet. Please take a look at the menu."

Yan Chengbin smiled and said, "You guys can order whatever you want, but don't order too much. Just eat something simple. We mainly want to talk about business."

"it is good."

Chen Cheng didn't stand on ceremony anymore, ordered a few dishes, and then asked Yan Chengbin, "Uncle, do you drink?"

Yan Chengbin thought for a moment before saying, "If you can drink, let's have a drink, after all, it's our first time meeting."

Chen Min smiled and said, "Your Uncle Yan usually doesn't drink when he's discussing business, so today is an exception."

Yan Chengbin explained with a smile: "The main problem is that it's easy to get emotional when discussing business over drinks. After suffering a few losses, I stopped discussing business at the dinner table. But today is different, so a little drink won't hurt."

Chen Cheng nodded understandingly and smiled, "Then let's just drink a little less, as long as it's just a token, the main thing is to talk business."

Yan Chengbin asked him with a smile, "Xuanxuan said you wanted to talk to me about a collaboration. What kind of collaboration is it?"

Chen Cheng then said, "Uncle Yan, I'd like to partner with you on the taxi license plate business."

"Taxi license plates?"

Yan Chengbin was somewhat disappointed upon hearing this answer.

In his understanding, this was just a small-scale, petty business, something that couldn't really be considered respectable.

However, he couldn't show his disappointment, so he asked curiously, "Xiao Chen, I remember you've already made a fortune by manipulating indicators, why are you still doing it?"

Chen Cheng nodded and said truthfully, "I have indeed made some money, and I am especially grateful to Yan Ruoxuan and her uncle and aunt for their help. However, I was going long at the time, and now I want to go short."

"Short?"

Yan Chengbin and Chen Min exchanged a glance. In the domestic market, regardless of the industry, there are not many people who actually engage in short selling.

Besides the normal futures market, the most common place for short selling is the commodity market for fresh vegetables. In addition to normal buying and selling and wholesale, due to the large price fluctuations, some people will consider short selling. Also because of the large fluctuations, many traders are willing to cooperate with short sellers.

However, this was the first time he had ever heard of shorting the taxi license plate market.

He asked Chen Cheng, "Xiao Chen, could you elaborate on your short-selling strategy?"

Chen Cheng then explained his plans and expectations for the market to Yan Chengbin and his wife.

After listening, Yan Chengbin asked him with some surprise, "Xiao Chen, you're giving those Wencheng speculators a discount on both ends. Within the contract period, the price of the quota has to be cut in half for you to make a profit!" Chen Cheng nodded and said, "The current price of the quota is 130,000 to 140,000, but there are very few transactions. However, I predict that by April or May next year, the price of the quota will probably only be a fraction of what it was."

"Only a small amount left?"

Yan Chengbin was astonished: "So, you think the quota will drop to 30,000 or 40,000 next April or May?"

"Correct."

Chen Cheng said with great certainty, "I think it's not a dream for the price to drop to 30,000 or 40,000. The taxi market in Jiangcheng will become increasingly difficult in the future. I'm not referring to speculation on the quotas, but from the perspective of taxi drivers. To put it bluntly, the value of this thing is supported by the income of taxi drivers. If taxi drivers earn more, the price of the quota will naturally rise. But if taxi drivers' income keeps falling, the value of this thing itself will become lower and lower. If you earn less by driving a taxi, there's no way to save the price of the quota."

Yan Chengbin said with a serious expression, "If it really drops to 30,000 or 40,000 as you said, then when we fulfill the contract next year, we can convert the 30% interest into the benchmark price, which means we can fulfill the contract for no more than 50,000. Right now, those speculators in Wenzhou are willing to buy it directly for 120,000, so the profit margin is still very large."

Then he asked, "By the way, aren't you afraid they'll deliberately manipulate the market to counter you?"

Chen Cheng laughed and said, "That's why I thought of selling the short-selling quotas back to them. This 1.2 million is about their limit. They've run out of ammunition, so they can't fight even if they want to."

Yan Chengbin praised, "You are brave, resourceful, and decisive. These speculators in Wenzhou will either make a fortune or lose everything if they meet you. If the price really drops to 30,000 or 40,000, these people will lose at least 100 million."

Chen Cheng said calmly, "It's like a game of musical chairs. If you're willing to gamble, you have to be prepared to lose. If they want to make a big bet, they should be prepared to lose."

After saying that, he sighed helplessly: "However, the biggest problem now is that I don't have enough goodwill to reassure these speculators. They are all firmly bullish and need at least three times the goodwill of 12 to feel comfortable signing the contract. That's why I wanted to ask you to help me with the operation."

Yan Chengbin quickly calculated and said, "One thousand targets is 1.2 million, three times the goodwill is 3.6 million. As long as we bring out that much goodwill, they will be willing to sign the contract and then take out 1.2 million in cash?"

"Yes."

Chen Cheng said, "An uncle of mine is also involved in this project. He is the boss of Lingzhou Pharmaceutical. The company is facing the expiration of its performance-based agreement with Tianyun Pharmaceutical. According to the current trend, the company is bound to lose the agreement. We plan to take out the money and lend it to Lingzhou Pharmaceutical as a loan to operate the next project. The profits from the next project will also be returned along with the profits from this project."

Chen Min, who was standing nearby, said, "Tianyun Pharmaceutical is from Guangdong Province, right? It's quite large."

"Yes, Aunt Chen."

Chen Min added, "Once a company is targeted by them and receives investment and signs a performance-based agreement, it's basically doomed to be acquired. Did the owner of Lingzhou Pharmaceutical, whom you mentioned, not think about this when he received the investment?"

"No."

Chen Cheng laughed and said, "Uncle Shen may not have as much information as you. He thought it was a good opportunity to grow and expand, but he only realized it was a trap after he took their money."

Chen Min then asked him, "So, the second project you mentioned, is it about investing the funds obtained from shorting the quotas into pharmaceuticals? It's not easy for small companies to operate in this industry. Raw materials, distributors, and the end market are all too easily manipulated by large companies. If Tianyun is determined to succeed, as long as they increase the profits of distributors and the discounts at the end market in your local area, sacrificing a little profit first, they can squeeze him out. In other words, for the same product, their cost price is definitely lower than his, and their brand awareness is also higher. If they don't make money, he will lose money; if they lose a little, he will lose a lot. If he can't recover this more than 100 million yuan, and the people in Wencheng ask you for 1,300 quotas, how will you fulfill your contract?"

Chen Cheng knew that none of the questions Chen Min asked were problematic; under normal circumstances, these were all potential risks.

But the problem is, I am a reborn person.

I know that there is no risk in these two steps.

However, Chen Cheng had no way of telling Yan Chengbin and his wife the specific reasons why he was determined to win.

So he could only say very sincerely, "Uncle and Aunt, some of my judgments are based on intuition, and some are based on fragmented information I've gleaned from the internet. Ultimately, my conclusion is that next year, the price of indicators will definitely plummet, and the pharmaceutical industry will definitely have huge demand. So, the combination of these two factors makes it a profitable project with a high success rate. So, it depends on whether you two are willing to believe my judgment and let's work together on this project."

Chen Cheng initially wanted to say that he would take the blame for any losses, but after careful consideration, he realized that although he was 100% certain, saying such a thing would be immature and would not conform to basic business logic.

"If we win, everyone profits; if we lose, it's on me." This is clearly a promise a good older brother would make when he genuinely wants to help a younger brother. For a college student like myself to say something like that in front of Yan Chengbin is a bit presumptuous.

Chen Min was unsure of what to do. In her opinion, the amount of money was not much. She could get back 1.2 million by shorting the market, but even if she lost, she might not actually lose 3.6 ​​million. If she invested the 1.2 million in the next project, she might not actually lose it all. After all, it was a real business, and there was always a minimum value.

However, since it's a business worth hundreds of millions, I certainly can't make the decision for my husband. Whether to do it or not is up to him.

Yan Chengbin wasn't sure about the two projects Chen Cheng mentioned, but he was a businessman who placed great faith in momentum.

He believed that once a person gains momentum, they can sweep away everything in their path and no one can stop them.

Since the start of the semester, Chen Cheng has accomplished three things with remarkable speed and efficiency.

Wild Club, leading the business among its peers in the entire city;

Taxi licenses earned millions in profit in less than a month;
Needless to say, Renren.com has a high chance of going public.

This momentum is so strong that it's very likely to continue for some time to come.

As long as you believe he will continue to thrive, then his project will definitely succeed.

After a moment of silence, he said, "Xiao Chen, since you feel confident, then I trust you. Let's skip the project introduction and go straight to discussing the cooperation method!"

(End of this chapter)