CHAPTER 340: CHAPTER 340: THE IDEA OF STARTING A BUSINESS

The anti-overtime movement made quite a splash on the internet for half a month.

Although the name Yiyang Automobile has officially entered the public’s view.

Except for a few major companies that initially followed suit, no new companies followed the anti-overtime movement afterwards.

Chen Yiyang felt a bit disappointed.

Even though the anti-overtime movement gave him some exposure, in the end, nothing was really accomplished.

Except for a few companies, the rest remained as they were.

However, things went smoothly on Schaefer’s side.

Chen Yiyang sent a few people from deepseek over to help the French team optimize the AI Lucy.

France quickly gave in, allowing Ubisoft to carve out a classic IP into a separate subsidiary.

Thus, Tengxu signed a formal agreement with Chen Yiyang, selling him two percent of Jindong’s shares for two billion.

Of course, as is customary, this transaction must be informed to Jindong.

After Liu Qiangxi learned that Chen Yiyang indeed purchased Jindong’s shares, he called to invite Chen Yiyang to the Imperial Capital for a meal whenever he had time.

Chen Yiyang knew Liu Qiangxi wanted to buy back the two percent of the shares from him.

But he was somewhat torn on whether to sell these shares.

Two percent of the shares isn’t a small amount.

In Jindong, it’s significant enough to be a major individual shareholder with the right to attend shareholders’ meetings.

But on the other hand, it’s not a large amount either.

With only two percent of the shares, he definitely couldn’t participate in or influence Jindong’s internal operations and decisions.

Back then, Tengxu held seventeen percent of Jindong’s shares, which allowed them to place a person on Jindong’s board of directors.

But just selling it for cash.

Chen Yiyang felt that holding so much cash now was of no real use.

Just at the right moment, Yang Chengru came to see Chen Yiyang, and Chen Yiyang talked to him about this matter.

"Your anti-overtime movement last time was pretty good, and it gave you some exposure.

The city is now planning to nominate you as a national people’s representative, eligible to participate in the assembly and submit proposals."

"I already have such qualifications?" Chen Yiyang was a little surprised.

"Not quite enough," Yang Chengru said truthfully, "so the city is only preparing, it hasn’t been implemented yet."

"So how can I make up for this little bit?" Chen Yiyang asked curiously.

"Two directions, either attain a certain influence in national and international society, or let your company provide a lot of employment opportunities for the country.

Although Yiyang Automobile has developed quite well, it still offers too few jobs.

As for having influence internationally, that’s usually for celebrities, which is probably unlikely for you."

"Oh," Chen Yiyang nodded.

"So regarding the shares matter, I suggest you might as well sell the shares and use the money to venture in some areas, to stimulate employment."

"It’s not easy to start a business now, there aren’t any good projects," Chen Yiyang slapped his thigh.

He invests not only relying on insider information but sometimes also invests in projects based on his judgment.

Of course, the success rate is tragically low.

But this is also a normal situation investors have to face.

Investment is like fishing in the ocean, it’s good if you catch something with one out of ten nets.

If Chen Yiyang chooses to sell the two percent of Jindong’s shares, then with nearly five billion in cash, he can cast many nets, but there’s no guarantee of return.

Moreover, Yang Chengru also hopes that Chen Yiyang can invest in fields that can promote employment.

Then the success rate is even lower.

Because the labor cost in such fields is too high, with high initial investment and if it fails, there are severance costs for employees, which is quite a lot.

After discussing with Yang Chengru for a long time, Chen Yiyang couldn’t come to a conclusion.

So he simply switched topics to chat more with Yang Chengru.

"What’s the reason you came to see me today?"

"Isn’t it about the building you’re about to start constructing?" Yang Chengru looked at Chen Yiyang with a face full of grievance.

"I said I don’t care which design company you choose, which building, it’s your responsibility to find.

But you have to make a decision quickly. If you can’t decide, every day I’m being persuaded by people coming to recommend companies."

Upon hearing this from Yang Chengru, Chen Yiyang realized.

Chen Yiyang, because he found these people annoying, ran off to the Imperial Capital to hide.

So since they couldn’t find Chen Yiyang, they simply used various connections to find Yang Chengru, hoping he could recommend their company to Chen Yiyang.

"I’m troubled too," Chen Yiyang said, "this is a project involving billions in funding. Actually, I don’t really care about the construction company; there are many state-owned construction companies, any of them would do.

It’s just that I haven’t found a design company I’m satisfied with, and I haven’t had any experience with this area before. I need to at least find a good design company to design the building for me first, then it’s easier to find a construction company."

"Hurry up then, I don’t want to be bothered every day," Yang Chengru looked very annoyed, and after nagging Chen Yiyang a few times, he left.

After seeing off Yang Chengru, Chen Yiyang went upstairs to discuss with the accountant.

He found that she had ordered delivery again.

"Why do you eat out when staying at a hotel, but still order takeout at home? Isn’t the chef at home being wasted?"

"Occasionally, a change of taste is needed," the accountant said while eating chicken feet, "The home chef cooks well, but it’s always so stable and without surprises."

"What, should I ask them to put a few duck necks in the dish to surprise you?"

"Are you talking about real duck necks? Don’t bring me the heads of other animals," the accountant rolled her eyes.

"But sometimes you order delivery and pay a high price, but still get a bad meal. It really depends on luck sometimes," the accountant complained afterward.

"There’s no way around it, Ugly Group and its affiliates have so many stores, there’s bound to be varying quality, and the company can’t inspect each one offline either."

The moment Chen Yiyang said this, he seemed to have a sudden inspiration.

He said to the accountant, "What do you think, if we venture into the food delivery industry and do high-quality delivery, is there potential?"

"Are you serious?" the accountant looked up, wide-eyed at Chen Yiyang.

"The Ugly Group is almost monopolizing this industry, and even Full’s market share is shrinking, how could we have any market?"

"Precisely because Ugly Group is about to monopolize, that’s why we have an opportunity to enter."

Chen Yiyang had just offhandedly come up with this idea.

Upon further thought, he realized it really had potential.

Didn’t Taobao almost monopolize the e-commerce platforms back then?

Didn’t Jindong also manage to scrape by with 3C digital products?

But Pinduoduo managed to carve out a path, so why can’t I?