Chapter 255: The Richest Billionaire
Translator: Nyoi-Bo Studio Editor: Nyoi-Bo Studio
After half a month.
According to the design scheme, Chen Ji brought two sets of the super-resolution photolithography lens produced according to the given design scheme as required by Shanghai Microelectronics.
They tested the two lenses.
The company’s technicians were shocked.
“They are usable; they really are!”
“The most difficult problem of the lens has really been solved.”
“The 10 nanometer chip produced by the super-resolution photolithography machine would only cost a maximum of $10 to produce!”
After they have calmed down from their excitement, Zhang Yuming pulled Chen Jin aside and made some enquiries about this photolithography lens. How much was Xing Hai Technologies selling one for?
Chen Jin looked at him and asked, “How much do you think it should sell for?”
“$500,000, no, at least 1 million! There is no other company that can produce this. It can even be sold for an open-ended price.”
“Then I’ll sell it for 1 million per unit. You don’t have to pay now. Just record it in your expenses, you can pay my company at a future date.”
“Ok.”
Chen Jin sternly urged, “Also, it must be strictly kept as a secret. Seal your lips. Don’t ever reveal this to anyone.”
Zhang Yuming nodded, “I understand.”
…
It was now November.
Some important events had happened this month.
First of all, the 8th World Internet Conference was once again held in Jiangzhe’s Wuzhen in early November.
Chen Jin did not go for the conference this time round. Xing Hai Technologies’ CEO Ling Jundong attended on his behalf.
As many foreign companies’ CEOs and foreign media reporters attended this international conference, Xing Hai Technologies became the target of ma.s.s criticism. Ling Jundong was surrounded by a group of foreigners where he suffered severe verbal attacks and criticisms.
“Xinghai Technology, how long do you want to act in such a selfish manner?”
“The intelligent learning technology belongs to all mankind and cannot be solely dominated by you!”
“I hope your company can be a company with ethics and conscience.”
“A qualified entrepreneur should consider the interests of more people.”
“Do you even feel any shame?”
“Please stop going your own course so stubbornly without any consideration for others.”
“…”
These words of admonishment and criticism put Ling Jundong in a rather awkward position. He could only make his escape when the security guards intervened.
The reason behind the calculative and merciless actions of those foreigners was still the same – the intelligent learning technology.
The power of this technology had been clearly shown to the world.
For example, the average test scores of more than 9 million candidates Z country had increased by more than 50 points in the nation wide college entrance examination that was held a few months ago. This was due to the extensive use of the intelligent learning machines.
This was another example. The work a.s.sistant that had evolved to version 2.0 could increase programming efficiency by ten times. Moreover, the quality of the codes produced was extremely high. With the support of this amazing software, the Star Cloud system had shaken the foundations of the Android Empire in just six months.
The rise of Xing Hai Technologies as a technology giant and the launch of a series of major products by the company could be seemingly linked to this technology.
The intelligent learning technology was equivalent to the “universal truth” of this world.
Whoever mastered this “universal truth” would also be the master of everything. He would have the power to transform the world.
There were no organisation or nation that did not yearn to master this technology.
Therefore, the primary purpose of the strong comments expressed by the foreigners surrounding Ling Jundong was to force Xing Hai Technologies to make concessions and share their “intelligent learning technology” through the pressure of words.
Chen Jin posted a Weibo comment on this incident: “It seems that the two companies have been thoroughly played by you. Xing Hai Technologies will make our att.i.tude clear: as long Z country is banned from purchasing any one product from the West; and as long as there is one technology company in Z country that is unreasonably isolated or blocked by you, you can stop dreaming about the intelligent learning technology!”
This Weibo comment received countless praises, and netizens shouted “Good on you”.
However, a mere few days later.
The West retaliated in the most direct manner possible.
Merica’s Ministry of Commerce suddenly issued a ban. In view of the serious violation of user privacy by various products from the Da Mi Company, a fine of 1.9 billion would be imposed on Da Mi and it would not be allowed to sell any electronic products in Merica’s market.
Da Mi was completely banned and expelled from Merica’s market.
Da Mi suffered heavy losses.
Lei Xiaojun cried until he had no more tears: “I regret bringing the Guomi 2 mobile phone into the Merican market. The phone is equipped with the Star Cloud system and it supports global satellite calling technology (so there is no need to buy a mobile phone card). It’s only selling for $350. It is sweeping up all the mobile phone users in Merica. It sales volume has exceeded 500,000 in just two weeks.”
“Then the Fruit company, Samsin and the Merican telecom operators started attacking Da Mi like crazy. But, they still couldn’t stop the robust sales of the Guomi 2.”
“In the end, the government of Merica intervened. Hundreds of Da Mi stores have to be closed down. It’s my fault for not thinking about things carefully beforehand. This would not have happened if I was more cautious.”
“Ah!”
Annual revenues of some tens of billions was gone just like this.
Chen Jin sank into silence.
The expulsion of Da Mi from Merica’s market should not have any direct link with the Weibo comment that he had posted.
The global satellite call system was created a private aeros.p.a.ce company in Z country called “Blue Arrow”. By using cheap rockets, it was able to launch 226 wifi satellites into s.p.a.ce in succession. Wifi signals covered the whole world. One could connect to the satellite signals in almost any corner of the world. It only cost 1 cent per minute to make a 2G call. There was no need to go to the telecom operators to buy a package service.
It was akin to pulling the carpet out from under the telecom operators.
Hence, the retaliation came right away.
And Da Mi bid farewell to the Merican market just like this.
Chen Jin was at a loss for words. Perhaps Da Mi was too daring. Perhaps….. This was what happened when you did better for yourselves.
“Brother Lei, forget about paying the fine. Quickly return back home! Sell off the few hundred shops that you have and all the goods inside….. Return to the domestic market and put some effort there; you will crush Samsin and Fruit.”
“Hmm, I understand.”
…
28th November.
Forbes magazine, Z country edition had published the latest issue of articles on wealth. The latest list of wealth rankings by Forbes was also included.
Chen Jin was placed at the very top with a net a.s.set of 906.7 billion among the richest 500 individuals in the mainland of Z country according to their personal value. He ranking as the number one list of Z country’s richest.
He was even ahead of the runner up in the list by more than 300 billion.
He was also ranked among the top 20 in the global rankings.
Just like this, Chen Jin had become the number one billionaire in the country.
This was the amazing achievements of Xing Hai Technologies despite being founded only a little more than three years ago.
With Xing Hai Technologies’ speed of development and expansion, he could certainly become the richest man in the world one day.
After the publication of this list.
The netizens immediately engaged in intense discussions. The news became the number one search topic.
“f.u.c.k me!”
“He had ascended to become the top billionaire within 3 years of starting his business!”
“It seems that I’ve been living the life of a dog.”
“His entire existence seems to be borne from a cheat code.”
“More than 900 billion. That means he earns 300 billion every year; 1 billion every day; 690,000 every minute…. He’s seriously earning hundreds of thousands every minute.”
“The money that he earns in a day is equivalent to what I earn by working for 10,000 years.”
“Haha, no wonder the median salaries in this country is so high. They’ve included the big bosses in the statistics. Everyone is a billionaire.”
“Can I call him Dad?”
There were many others who expressed their envy and jealousy.
Chen Jin was also shocked when he saw the rankings. When did I become so rich?
Do I really have more than 900 billion?
Well, he might be that rich if cash and fixed a.s.sets were included. But he felt some pressure that came with the sudden t.i.tle of the richest billionaire and being the focus of everyone’s discussion.
With regards to this topic, he had to post a Weibo comment, “The richest billionaire? I hope everyone can call me the boss.”
He expressed, “Xing Hai Technologies is planning to recruit another 10,000 staff. All entry level staff would have their salaries increased by 10%. This money is not mine, it’s everyone’s. I’m willing to share this wealth with many more.”
What he meant implicitly was that he would not keep too much money for his own enjoyment.
Money was like water. If it was not flowing, its acc.u.mulation would only form a pool of stagnant water. This would give others the image of “being rich but not benevolent”. If it flowed in a benevolent manner and was timely spent, it would eventually create greater social value and bring about a greater level of equality.
For example, although he had the money, he had not bought private jets or private yachts. He had not wantonly spent it for his personal enjoyment.
Moreover, Xing Hai Technology’s cash flow has rarely exceeded 100 billion in the books.
This att.i.tude had created a good impression of him in many people’s eyes. Countless communities of fans were created in an instant.