The richest man started taking advantage of loopholes after joining Alibaba.
Chapter 217 A Market Value Evaporation of 3 Million? This is Just the Beginning!
It's 9:30 PM Beijing time.
The city has just finished its evening rush hour hustle and bustle, but for the capital markets, the slaughter has only just begun.
Microlight headquarters, Chairman's office.
The overhead light was off; only the huge stock market display screen on the wall cast a cold blue light, dividing the room into two distinct halves of light and shadow.
Lin Che sat deep inside the leather sofa, holding a cup of black coffee that had long since stopped steaming.
His gaze was fixed on the center of the screen—the opening bell that had just rung at the Nasdaq Stock Exchange across the ocean.
Normally, this would just be one of countless ordinary trading days.
But tonight, the release of the "Micro-Light Financial Security White Paper" felt like a huge boulder had been thrown into the entire Chinese concept stock sector.
A butterfly flaps its wings on this side of the Pacific Ocean, and a hurricane makes landfall on the other side.
"It's open."
Standing beside the screen, Xie Yu spoke softly, his voice carrying a hint of barely suppressed trembling.
On the screen, several candlestick charts representing Chinese internet finance concept stocks plummeted without warning the moment the market opened.
It wasn't a slow, gradual decline, but a precipitous collapse.
The angle at which the lines drop vertically is so sharp, like daggers piercing the ground.
The entire sector is bleeding.
The market is extremely sensitive. As one of China's largest third-party payment channels, Weiguang Payment's "whitelist" was instantly interpreted by Wall Street as a kind of official regulatory indicator.
Not on the list? That means high risk.
Data fabrication? That would be the next Enron.
Amidst this sea of red, one stock's decline was particularly alarming.
This is a Nasdaq shell company that Tang Jun acquired three months ago in order to achieve a backdoor listing.
Although the name change and stock exchange listing have not yet been officially completed, the capital market has long regarded it as a shadow stock of a treasure trove, and has been frantically speculated on, with its market value once being pushed up to tens of billions of US dollars.
But at this moment, its chart shows a long green bearish candlestick, as if it had been kicked down from a height of 10,000 meters.
-18%……-24%……-31%!
In just fifteen minutes, a market value of three billion US dollars vanished into thin air.
This is not just a fluctuating number; it's the instantaneous disappearance of countless luxury cars, yachts, and mansions.
"Short-selling institutions have entered the market."
Xie Yu pointed to the rapidly enlarging volume bars at the bottom of the screen, "Muddy Waters just tweeted, directly quoting a screenshot from our white paper about 'data fabrication' in Jubaopen. They called Jubaopen a 'worthless fraud machine,' with a target price of $0."
Lin Che took a sip of the cold, bitter coffee; the liquid slid down his throat, bringing a sharp, invigorating sensation.
"Capital is the smartest, and also the most ruthless."
He said calmly, looking at the K-line that was still declining, "Yesterday they were still sucking up to Tang Jun, but today, as soon as they smell a little blood, they will turn into the most ferocious piranhas, wishing they could chew up even Tang Jun's bones."
This was a perfect strangulation.
The glimmer of light doesn't need to do anything directly; it only needs to poke a pinhole in this fragile bubble, and greed and fear will take care of the rest.
……
At the same time, at the Jubaopen Financial Building.
The top-floor office was a complete mess.
The priceless antique vase was reduced to shards on the ground, along with scattered documents and severed telephone wires.
Tang Jun's eyes were bloodshot, his tie hung crookedly around his neck, and he looked like a wounded and maddened wild beast.
"Plummeting! Plummeting! Plummeting! Are these Americans blind?!"
He roared at the several pale-faced executives in front of him, spitting in their faces, "This is just a technical adjustment! Issue an announcement immediately! Say that Microlight is spreading rumors! We're going to sue! We're going to buy back the shares!"
"Mr. Tang... Mr. Tang..."
CFO Lao Liu slumped to the ground, holding his still-connected phone, his voice trembling with tears, "It's no use... That Goldman Sachs fund manager just called, saying he's going to exercise the 'convertible bond repurchase clause' and demand that we immediately repay the $200 million bridge loan... otherwise they'll force liquidation."
"And... just now three more banks called to say that our credit line has been frozen, the reason being... 'significant operational risks'."
"Bang!"
Tang Jun kicked over the coffee table in front of him.
Two hundred million US dollars? Credit lines frozen?
This is to drain his blood!
This is a classic case of everyone kicking someone when they're down!
Yesterday he was the "top philanthropist" surrounded by admirers, and the "financial godfather" about to ring the bell at the stock exchange.
In less than 24 hours, because of that damned Lin Che, because of that damned blank piece of paper, he became a rat that everyone wanted to kill!
"Lin Che... Lin Che..."
Tang Jun gritted his teeth as he muttered the name, the fear in his eyes gradually replaced by a hysterical resentment.
Three billion is gone.
This is just the beginning.
If the bleeding cannot be stopped immediately, at daybreak tomorrow, domestic investors, upon seeing the news, will rush into the lobby like zombies to withdraw their funds.
At that point, he'll be truly finished.
"Get out of here, all of you!"
Tang Jun suddenly roared, his voice terribly hoarse.
The executives, feeling as if they had been granted a pardon, scrambled out of the office.
Tang Jun was the only one left in the room, amidst a mess on the floor.
The plaque that read "Honesty Wins the World" hanging on the wall was now crooked to one side, looking incredibly ironic.
With trembling hands, Tang Jun pulled an old-fashioned black cell phone from the inside pocket of his suit.
This phone has only one number in it.
That was his last trump card, and also the card he was least willing to use.
That was a middleman he knew before he became rich. He specialized in doing "dirty work" and was said to have connections in both the legitimate and underworld circles.
After hesitating for three seconds, he dialed the number.
"Beep—beep—"
The call was connected.
There was no sound from the other end, only a chilling silence, as if even breathing was being deliberately suppressed.
"Hey, it's me, Lao Tang."
Tang Jun took a deep breath of the smoke-filled air, trying to keep his voice from trembling too much. "I'm in a bit of trouble. Some brat doesn't know his place and has cut off my source of income."
"..."
There was still silence on the other end of the phone, as if waiting for something to continue.
"I want him dead."
Tang Jun's facial muscles twitched, his eyes flashing with a desperate, ruthless light. "No, letting him die is too easy for him. I want him to be utterly disgraced. I want his company to become a pariah, just like he did to me."
"I want the most scathing article on the entire internet, I want to investigate his family history for eighteen generations, I want him to wake up tomorrow morning and find himself a national sinner!"
"Name your price."
Finally, a hoarse and cold voice, altered by a voice changer, came from the other end of the phone.
"understood."
"A deposit of five million, to be transferred to the old account."
"You'll see this on the headlines tomorrow morning."
"Beep—beep—beep—"
The phone hangs up.
Tang Jun held his phone, the veins on the back of his hand bulging.
Since I can't beat you with legitimate methods, don't blame me for resorting to underhanded tactics.
……
Microlight Headquarters.
Lin Che put down his empty coffee cup.
The crash on the screen continued, but he had lost interest in watching it.
The first stab has already gone in; the wound is so deep that bone is visible.
Next, we'll see this beast struggle before it dies.
"Xie Yu, keep an eye on online public opinion."
Lin Che stood up and walked to the French windows.
Outside the window is Beijing's dazzling night view, with a constant flow of traffic and brilliant lights.
"If I'm not mistaken, that mad dog, when cornered, will definitely bite people indiscriminately."
He turned around, looked at Xie Yu, and a playful smile appeared on his lips. "Give the PR department a day off. No matter what negative news comes out online tonight, don't delete it."
"Huh?" Xie Yu was taken aback. "Not delete it? Isn't that just letting them smear us?"
"Dirty water?"
Lin Che straightened his collar, a cold glint in his eyes as a hunter watches a trap being triggered.
"If we don't let him spill the dirty water, how can we follow the flow and find the water source he's hiding in the ditch?"
Let him splash it.
"The more you splash, the better."
Lin Che turned off the large stock market display on the wall, plunging the room into darkness instantly.
"I'm also very interested to see what kind of protective umbrella is behind this 'top philanthropist'."
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