The richest man started taking advantage of loopholes after joining Alibaba.

Beijing's summers are sweltering, like a giant steamer.

In the conference room on the top floor of the Weiguang Building, the air conditioning was set to 16 degrees Celsius, but the air was still scorching hot.

"We're going to lose Haidian District!"

Vice President of Operations Chen Zheng slammed a report on the table, the paper sliding across the mahogany surface with a screeching sound.

"Yesterday, just yesterday, people from Anju Apartments set up a stall right at the entrance of the community. They offered a cash bonus of 20,000 yuan on the spot to any landlord who was willing to sign a contract, and their rent was 30% higher than ours!"

The conference room was deathly silent.

Only the projector fan was humming.

The screen displays a bright red chart showing market share trends.

The curve of the faint light has plummeted vertically over the past three months, like a kite with a broken string.

The orange curve representing "comfortable apartments" shows a heart-stopping 90-degree surge.

"President Lin, we can't wait any longer."

Another executive stood up, his eyes bloodshot. "Right now, the housing supply on the market is like flour. Whoever can't get the flour can't make the bread. Anju Apartments has already announced in the media that they'll sell 'one million units in six months.' If we don't follow suit and raise prices to acquire more units, the moat that Weiguang has built will be breached within three months!"

All eyes were focused on the end of the long table.

Lin Che leaned back in his chair, twirling a pen in his hand.

He didn't look at the reports or his excited subordinates, but instead turned his head to look out the huge floor-to-ceiling window.

Outside the window, on the exterior wall of an office building across the street, hangs a huge, overwhelming banner of GG.

Against a bright orange background, Jia Yue's provocative smile was magnified countless times, next to a huge slogan: "Anju, a home for wandering souls."

The sunlight was blinding.

The orange light, as bright as fire, was engulfing the entire city.

"Soul?" Lin Che chuckled softly, his voice not loud, but it extinguished the heat of the conference room like ice water.

Chen Zheng was taken aback: "President Lin?"

"All you see is market share." Lin Che turned his chair around, his dark pupils scanning the entire room. "What I see are corpses."

He gently tossed the pen onto the table.

A soft "snap" sound.

Everyone's heart skipped a beat.

"Pass on my order." Lin Che's voice was devoid of any emotion, as if he were reading a verdict. "From today onwards, all new units at Weiguang Residence will be taken out of service."

The meeting room erupted in chaos.

"What?!" Chen Zheng's eyes widened, thinking he had misheard. "Stop acquiring properties? At this time? That's handing the market over to others!"

"more than."

Lin Che held up two fingers, interrupting his exclamation, "Second, notify the legal department and operations department to review the five thousand properties we have with premiums exceeding 20% ​​and terminate all contracts."

"Terminate...terminate the contract?"

The CFO dropped his pen, which rolled onto the carpet.

"Mr. Lin, that's a breach of contract! We have to pay the landlord two months' worth of penalties! Five thousand houses, that's hundreds of millions in compensation! This is suicidal!"

The executives looked at each other in bewilderment.

Incredulity was written all over everyone's face.

At the height of the industry frenzy, when all capital was scrambling to acquire land, Weiguang not only didn't enter, but instead decided to cut its losses and exit the market.

This isn't just conservative, this is insane.

"President Lin, we can't explain this to the shareholders..." Someone tried to make a last-ditch effort.

"shareholder?"

Lin Che leaned forward, crossed his hands on the table, and his eyes became sharp as knives. "There are 150 billion in cash sitting on the Weiguang account right now. I have money, so I call the shots."

He stood up, walked to the whiteboard, picked up a black marker, and wrote down a set of numbers.

"I paid 4000 yuan to acquire the property, 1500 yuan for renovation and furnishing, and then rented it out to the tenant for 4500 yuan."

Lin Che tapped the whiteboard. "No matter how you look at it, this business is a loss. Why would Jia Yue dare to give the landlord 6000 yuan?"

No one answered.

"Because he never even considered making money from rent."

Lin Che wrote three words heavily on the whiteboard: Rent Loan.

"Let the tenants borrow money from financial institutions with their personal credit, and lend a year's rent to Anju Apartment in one go. Anju Apartment then uses the money from that year to snatch up the next property, and then uses the loan from that property to snatch up the next property."

Lin Che threw away the marker, leaving a pungent smell of ink on the whiteboard.

"This is a nuclear reactor built with levers. If any part breaks down, or if someone—" He paused, a cold smile curving his lips, "help him pull out the control rods."

The meeting room was completely silent.

Chen Zheng stared at the three words on the whiteboard, and cold sweat instantly soaked through his shirt.

He finally understood what Lin Che was afraid of, or rather, what he was expecting.

"Execute it."

Lin Che straightened his suit collar and walked towards the door. "I don't want Weiguang's blood to splatter onto this garbage dump that's about to explode."

……

At the same time. In the core area of ​​the CBD, at the headquarters of Anju Apartments.

In contrast, the atmosphere here is as lively as a champagne party.

"What did you say?"

Jia Yue jumped up from his executive chair, his face flushed with excitement. "Weiguang has stopped acquiring new properties? And they're even terminating leases on a large scale?"

"Absolutely true!"

The assistant's voice trembled with excitement, "Several regional managers from Weiguang were cursing just now. The news has spread throughout the real estate brokerage industry. Apparently, although Lin Che won the P2P battle, his cash flow is actually very tight. That 1500 billion is basically dead money frozen by regulators; he can't touch it!"

"Ha ha ha ha!"

Jia Yue laughed loudly, the sound making the office windows rattle.

He shoved the documents off the table as if pushing aside the last piece of gravel blocking the throne.

"I knew it! I knew he was a paper tiger!"

Jia Yue walked to the huge floor-to-ceiling window and looked down at the bustling traffic below.

From his perspective, all the houses in Beijing seemed to be beckoning to him.

"Lin Che has admitted defeat."

Jia Yue turned around, his eyes gleaming with the madness of a gambler making a desperate gamble. "I want all the shares he's withdrawing from! Whether it's those five thousand withdrawn houses or new houses on the market, as long as they're landlords, I'll sign them!"

"Mr. Jia, about our funds..." the CFO cautiously reminded him, "the leverage has already been increased to 10 times."

"What's there to be afraid of!"

Jia Yue waved his hand dismissively, his eyes gleaming with fervor, "Once we reach a certain scale, we can immediately secure Series D funding! Then we'll be the only unicorn in the industry, possessing absolute pricing power!"

He walked up to the huge map of Beijing and forcefully planted an orange flag representing Anju Apartments in the city center.

"Pass down the order: raise prices across the board and acquire properties! Tell all landlords that if Weiguang can't offer a price, I, Jia Yue, will!"

The assistant excitedly jotted down the order, then turned and ran out.

The moment the office door closed, Jia Yue looked at the map and seemed to see himself ringing the Nasdaq bell.

"Lin Che," he smiled contemptuously at the air, "if you can't sit on this number one throne, then I won't be polite."

……

The CEO's office in the Weiguang Building.

Lin Che stood in front of the huge floor-to-ceiling window, holding a glass of ice water in his hand.

Xie Yu pushed open the door and came in, holding a tablet computer in his hand, his expression complicated: "Brother Che, Jia Yue has gone mad. He's taking over all the assets we spit out. The media are all praising him, calling him the industry's 'savior,' and saying that Weiguang has fallen behind."

"Savior?"

Lin Che shook the glass in his hand, and the ice cubes hit the glass, making a crisp sound.

"The pig thought the same thing before it was slaughtered; it thought the feeder gave it extra food because he loved it."

He turned around, his eyes completely expressionless.

"Get Ark Fund ready to enter the market."

Xie Yu was taken aback, then straightened his back, a bloodthirsty glint flashing in his eyes: "Go long?"

"No."

Lin Che took a sip of ice water, feeling the chill slide down his esophagus into his stomach, keeping him extremely clear-headed.

"I want to create a CDS short order targeting the concept of long-term rental apartments, elevate it to the sky, and then personally remove the ladder."