The Second Short Report on Wall Street_What’s Wrong with a Ride-Hailing Driver Having Some Money?
It’s David Mills’ honor to have the Star Defense Intelligence Department take action.
It’s understandable that he can’t figure it out. How can an ordinary white-collar worker comprehend the power of Star Defense, an organization capable of assassinating a president?
Yang Chen pulled David Mills to the side of the yacht, patted him on the shoulder with a smile, and said, “Relax. Why the frown? You’re supposed to be enjoying a vacation.”
Wang Li’s eyes sparkled as she took in the luxurious yacht.
She tried to comfort him, “Since he already knows, there’s nothing you can do to change it. Just enjoy the vacation. Headquarters will most likely ask you to return tomorrow.”
David Mills didn’t respond, neither agreeing nor disagreeing.
Just then, the manager hurried over.
Manager: “Mr. Yang, hello! If I had known in advance, I would have been here to greet you.”
Yang Chen: “I didn’t plan on taking the yacht out today. It was a spur-of-the-moment decision.”
Manager: “Understood, understood. The keys are all here. Would you like me to send some staff to assist on the yacht?”
Yang Chen: “Yes, please send a few waiters.”
Manager: “Right away! Xiao Li, quickly gather some people to serve President Yang on the Star.”
After some preparations, Yang Chen personally steered the yacht out to sea.
He didn’t venture too far, stopping less than ten nautical miles from the coast.
Yang Chen addressed the waiters on the deck, “Everyone, have fun. Feel free to use the fishing gear in the storage. You can have a drink or two, as long as it doesn’t interfere with your work. Don’t be too stiff.”
The staff quickly thanked Yang Chen and went to select their fishing gear.
Yang Chen approached the unhappy David Mills and asked with a smile, “Why the long face? Cheer up.”
David Mills glanced at Yang Chen, then lowered his head, remaining silent.
Wang Li, in contrast, was more carefree, happily taking selfies with her phone.
This was likely the only chance in her life to be on such a lavish yacht, and she intended to capture the moment.
Yang Chen asked with a smile, “Does Goldman Sachs believe that the Dragon Kingdom [China] government spent too much money buying back over 2,000 tons of gold, leaving them short on funds for the gold market? And that because I’m occupied with the Wall Street Alliance, I won’t have time for you, so you’re trying to short gold?”
David Mills: “That’s a decision made at group headquarters. I’m just an analyst. How would I know what senior management is thinking?”
Yang Chen: “I don’t care whether you know or not. Call your superior tonight. Tell them there’s no need for the country to intervene. I alone can handle Goldman Sachs’ 400-ton gold short position. I’ve been accumulating cash for months in anticipation of dealing with you. I also announced months ago that as long as I’m here, no foreign capital will be allowed to short the Dragon Kingdom. Did you take my words as a joke? How do you compare to Buffett? He offers me a cigarette when he sees me. What are you?”
David Mills looked at Yang Chen again, his throat bobbing, but he couldn’t utter a word.
What could he say?
Yang Chen’s words might sound arrogant, but they were essentially true.
After an awkward silence, David Mills whispered, “I’m just a small employee doing errands. Decision-making is up to the higher-ups; I have no say. Telling me this is pointless. You should speak to our president.”
Yang Chen: “I have no interest in pointless conversations with your president. Just relay my message.”
David Mills: “Okay, I’ll pass on your words.”
Yang Chen patted David Mills on the shoulder and said, “Good, thank you. Let’s go fishing.”
Although he wasn’t in the mood, David Mills obediently followed Yang Chen to choose fishing gear.
At nine o’clock in the evening, David Mills and Wang Li returned to their hotel room.
David Mills, aware that his phone and computer weren’t secure, and that even the room itself might be compromised, quickly checked out and found a more modest hotel.
He left his computer and phone with Wang Li to watch over, while he took a taxi to the Goldman Sachs Haicheng office to report the situation to headquarters using the office’s secure computer and phone lines.
At this time, it was ten o’clock in the morning in New York.
Upon receiving Mills’ report, Goldman Sachs President John immediately called a high-level meeting.
John shared Mills’ report and solicited opinions.
“I think he’s bluffing. The Lion Fund is aggressively targeting Dragon concept stocks [stocks of companies with significant operations or ties to China]. He needs at least $500 billion to fully protect those stocks. He can’t possibly have enough funds left to defend Dragon Kingdom gold.”
“Exactly! The Dragon Kingdom government spent a large portion of its available foreign exchange reserves to acquire gold. This is their weakest moment. Yang Chen’s funds must prioritize Dragon concept stocks; gold is secondary. If Dragon concept stocks fall, they could fall permanently. Gold has a chance to recover. Yang Chen personally can’t have enough money to protect gold. The other wealthy individuals in the Dragon Kingdom are mostly internet and real estate developers; they’re unlikely to risk their fortunes protecting something unrelated to their interests. We’re sure to succeed in shorting.”
“Even if he manages to defend the market, so what? This time, we’ll force him to use all his available funds. Then, we’ll announce a freeze on his accounts, and all his hard-earned money will be ours.”
“Haha…”
President John nodded with a smile, “I understand everyone’s point. Whether we win or lose, forcing him to relinquish his gains is a victory in itself. Very well! We’ll continue shorting Dragon Kingdom gold as planned. Also, notify the governments and institutions of Europe, Japan, and South Korea that they only need to remain neutral during our shorting of Dragon Kingdom gold. After we succeed, we’ll raise the gold price again, so they shouldn’t worry. I refuse to believe that Yang Chen can single-handedly fight the entire world when the Dragon Kingdom government is unable to help!”
…
Early the next morning, Yang Chen visited the Municipal Government.
The Dragon Kingdom version of Starlink technology [a satellite internet constellation] provided by the system needed to be implemented. First, he needed to acquire land for the factory.
Upon hearing Yang Chen’s proposal, Mayor Chen exclaimed, “That’s fantastic! To be honest, the country intends to build a Dragon Kingdom version of Starlink. What President Yang is doing is a great service to the nation. However, you’re currently battling Wall Street’s financial giants. Can you spare the time for this project?”
Yang Chen: “It won’t be a problem. I’ve been preparing for Wall Street for over three months. I don’t need to worry about it. I hope the Municipal Government can help me find a suitable plot of land near Su Province to build the factory.”
Mayor Chen: “No problem! How much land do you require?”
Yang Chen: “It will house research and development, production, employee dormitories, and recreational facilities. We’ll need at least 1,000 acres.”
Mayor Chen: “One thousand acres… It won’t be easy to acquire that much land near Su Province. However, we’ll fully support President Yang’s project. Do you need any assistance with the technical aspects?”
Yang Chen: “No, we have the most advanced technology. The design service life is at least 20 years, and it includes a robotic arm and orbit-changing capabilities. If we encounter unknown objects in orbit, we can use the robotic arm to dismantle them.”
Mayor Chen: “Haha… so advanced! If what President Yang says is true, soon there won’t be any other companies’ satellites in near-Earth orbit. They’ll all be ours.”
“Haha…” The two laughed heartily.
Yang Chen: “Then I’ll leave the land acquisition to the Municipal Government. I hope you can expedite the process so we can finalize it before spring next year and begin construction before autumn.”
Mayor Chen: “Understood. We’ll finalize the land as soon as possible.”
Acquiring a thousand acres of land near Su Province will require demolition and possibly coordination with Su Province to allocate land. However, these were not Yang Chen’s concerns. He only needed to prepare the technology.
Leaving the Municipal Government, Yang Chen logged into his Bipi [Chinese ride-hailing app] account to accept ride requests.
At nine o’clock in the evening, Goldman Sachs finally launched their long-prepared short report on gold.
“We have dispatched hundreds of employees to major gold production and consumption markets worldwide to conduct extensive research. Currently, gold demand is declining, and the average production cost is $1,106 per ounce. Therefore, we believe the support price of gold should be $1,200 per ounce.”
“Taking the Dragon Kingdom market as an example, the Dragon Kingdom government has maintained relative stability in domestic gold production and demand over the past three years and has repatriated over 2,600 tons of gold from overseas, which will undoubtedly lead to a surplus. In the past three years, the Dragon Kingdom has consumed approximately 650 tons of gold annually. Even if the Dragon Kingdom halts gold production and purchases, the 2,600 tons repatriated is enough to satisfy domestic demand for nearly four years. Therefore, we anticipate a significant downward trend in the price of gold in the Dragon Kingdom.”
“Based on our professional calculations, we expect the price of gold in the Dragon Kingdom to fall to $1,500 per ounce within the next three months, $1,300 per ounce within the next six months, and $1,200 per ounce within the next twelve months, reaching the support point.”
“Since the Dragon Kingdom government has expended considerable funds acquiring gold from overseas, they lack sufficient surplus funds to acquire gold domestically. Furthermore, from a reserve perspective, the Dragon Kingdom government doesn’t need to acquire more gold. Therefore, we believe the Dragon Kingdom government will not fully support the gold market but will only symbolically intervene to prevent a rapid price decline.”
…
Goldman Sachs’ short report quickly circulated within the Dragon Kingdom.
Yang Chen was about to go to bed when Jin Ming sent him the report.
“President Yang, Goldman Sachs’ short report has been released. While ostensibly targeting international gold prices, the report specifically uses our country as a case study, clearly targeting our gold market. I’ve also inquired with contacts in Japan, South Korea, and Europe. They’ve received notice from Wall Street to remain neutral, as the gold price will soon rebound. Essentially, they want to profit during the March futures delivery period and then allow the gold price to gradually return to normal. They won’t wait until June, September, or December. As long as the price on the March delivery date is lower than the current price, they’ll profit.”
Yang Chen opened the report, read it, smiled, and called Jin Ming.
Yang Chen: “I’ve read it. Nothing new. Ignore it for now. When the gold price drops by 20%, create some buzz about buying a lot of gold. The New Year is approaching, and there will be a surge in gold purchases. The Dragon Kingdom’s mothers-in-law [a term for older women who often drive consumer trends] will teach those Wall Street fools a lesson. They think they can wait until the March delivery period? They’ll be lucky to survive the first month of the year. I want to see them get liquidated!”
Jin Ming: “Understood.”
Early the next morning, the entire internet was buzzing about Goldman Sachs’ shorting of Dragon Kingdom gold.
“Why are these foreigners so malicious? They’re shorting Dragon concept stocks and gold. Are they trying to destroy our industries?”
“I just checked the billboard at the entrance of Lao Fengxiang [a famous jewelry brand]. Today’s gold price is 430 yuan/gram, down from 450 yuan/gram yesterday. Seriously, Goldman Sachs, as an international investment banking giant, has immense destructive power when they short.”
“If everything in Goldman Sachs’ report is true, and the government lacks funds to protect the market, are we just going to watch the gold price plummet?”
“Gold is an internationally accepted reserve. I don’t believe they can successfully short it. If the gold market in the Dragon Kingdom collapses, foreigners will rush to buy physical gold, driving the price back up. So, I don’t think Goldman Sachs can succeed.”
“Goldman Sachs has released 400 tons of gold short orders in the futures market. As long as the price falls, they profit. As long as the gold price is lower than it is now on the March delivery date, they win. It’s a turbulent time. The Wall Street Alliance hasn’t even finished shorting Dragon concept stocks, and now Goldman Sachs is shorting gold.”
…
Many anxious netizens flooded the accounts of Star Investment and other Star companies with comments.
“What is Boss Yang doing? Why hasn’t he made a move yet?”
“Goldman Sachs is shorting gold. Can Boss Yang protect the country?”
“This time, Goldman Sachs is coming on strong and well-prepared. If the government truly lacks funds to intervene, we can only rely on Boss Yang.”
“I believe that among the wealthy in the country, only Boss Yang is likely to step in to protect the market. The others only care about themselves and won’t risk their own money to protect the country.”
…
Chen Xi, responsible for managing the account, quickly sought instructions from Yang Chen on whether to respond.
Yang Chen considered it. It wasn’t the right time yet. The gold price hadn’t fallen enough, so he would wait. He would retaliate when the gold price dropped by 20%.
However, good news arrived from another front.
After relentless experimentation by the research and development teams at Moutai [a famous Chinese liquor brand] and Luckin [a Chinese coffee chain], they had discovered the perfect combination.
Adding 1.8-2.7ml of 53-degree Feitian Moutai to 480ml of coffee liquid created the most delicious sauce-flavored latte.
Furthermore, they had submitted the sauce-flavored latte to a professional institution for safety assessment, and it was deemed safe and reliable.
Yang Chen immediately instructed Moutai and Luckin to simultaneously announce the release of the sauce-flavored latte on the Little New Year [a traditional Chinese holiday marking the start of the Lunar New Year celebrations].
The price would be 38 yuan per cup, but customers could use a half-price coupon, making it 19 yuan per cup. If sales were strong, Luckin Coffee’s publicly stated “average of 400 items per store per day, with an average price of 16.7 yuan” would become a reality, not just empty words.
At nine o’clock in the morning, just as everyone was bracing for another dismal day for A-shares [stocks listed on the Shanghai and Shenzhen stock exchanges], Moutai and Luckin simultaneously released their announcements.
Moutai: The first sauce-flavored latte for young people is coming! We are thrilled to announce that Moutai and Luckin have joined forces to launch the sauce-flavored latte on this Little New Year. We solemnly promise that every cup of coffee contains 53-degree Feitian Moutai. It’s the first cup of Moutai for young people. Don’t miss it! Pre-sales will begin at 12 o’clock on the Luckin app and in stores. Get ready to rush!
Luckin: A cup of Moutai for young people is coming! We are thrilled to announce that Luckin and Moutai have joined forces to launch the sauce-flavored latte on this Little New Year. We solemnly promise that every cup of coffee contains 53-degree Feitian Moutai. It’s the first cup of Moutai for young people. Don’t miss it! Pre-sales will begin at 12 o’clock on the Luckin app and in stores. Get ready to rush!
Soon, the announcements went viral.
Related topics dominated the trending lists on major platforms.
The topic “Moutai Luckin Joint Sauce-flavored Latte” topped the hot search list.
Netizens flooded the comments section.
“Upon seeing this news, those who have drunk Moutai and those who haven’t, those who have drunk Luckin and those who haven’t, all fell silent.”
“My first thought was that the media was making it up, but after checking the official accounts of Moutai and Luckin, I realized I was wrong. Who came up with this idea? How did these two completely unrelated things come together?”
“Don’t you all understand? Boss Yang spent trillions of dollars to acquire 10% of Moutai’s shares and 68% of Luckin’s shares. Wall Street has been shorting for days, and Boss Yang hasn’t responded. Don’t you see who’s behind this collaboration?”
“Oh my god, it’s Boss Yang again. Only he dares to think, act, and succeed in such a way. I’m in my thirties and haven’t drunk Moutai. I have to get a cup of coffee to taste what Moutai is like. Oh, how awkward is this?”
…
After obtaining Yang Chen’s permission, Chen Xi updated Star Investment’s and Yang Chen’s personal Weibo [Chinese microblogging website] and other platform accounts.
“Boss Yang’s principle is to act, not talk. If we can solve the problem by doing, why waste time arguing? Didn’t Wall Street say Luckin’s data is fake? Now, let them see if it’s real. All Dragon concept stock companies, don’t be afraid. With Boss Yang here, no one can bully you. Oh, the Little New Year is in three days. I can’t wait to drink my first cup of Moutai in my life.”
Comment section:
“Boss Yang is awesome!”
“It’s Boss Yang again. They think the data is fake, so we’ll make it real for them.”
“It’s clear that Boss Yang is serious this time and will protect Dragon concept stocks from being suppressed. Trillions of funds are being thrown out; only he can do that.”
“Haha… I want to interview Boss Yang and ask how he came up with the sauce-flavored latte idea.”
“When will Boss Yang show his face? He doesn’t have to worry. Even if we know what he looks like, it won’t stop him from driving a ride-hailing car. We’ll just take a photo with him.”
…
At 9:30 AM, the stock market opened.
Moutai’s stock price soared, rising as much as 8% at one point.
Luckin, listed on the US stock market, wouldn’t open until 9:30 PM.
However, a surge in its stock price was expected.
It all depended on whether Dragon Kingdom consumers would support it.
Netizens weren’t just watching; they were showing their support with their wallets.
As soon as noon arrived, a flood of users poured into the Luckin app to place orders. Many were new users who didn’t drink coffee or Luckin coffee. They were there solely for the “sauce-flavored latte.”
In just one hour, total online and offline pre-sales exceeded 50 million.
News of the sauce-flavored latte quickly reached Wall Street.
The Lion Fund and other shorting alliances quickly convened a video conference to discuss countermeasures.
“Fuck! Yang Chen has been holding back for days, and it turns out he was researching coffee. Baijiu [Chinese liquor] + coffee? What the hell is that combination?”
“Baijiu + coffee? Will anyone actually drink that?”
“I heard pre-sales have exceeded 50 million. It officially launches in three days. I wonder how much it will sell.”
“Fuck! We thought no one could save Luckin, not even God. But Yang Chen came up with this. He’s more powerful than God. Who else would spend $150 billion to acquire 10% of Moutai, a company with no technology? Only him!”
“He found the only way to save Luckin. It’s fucking unbelievable! At this rate, nothing can stop Luckin’s resurrection.”
“Alas… it’s frustrating! We spent three months, and he cracked it in days. We have to shift our focus to other companies. We can declare the shorting of Luckin a failure.”
“I don’t think we need to be so pessimistic. Let’s sleep on it and see how Luckin and other Dragon Kingdom companies perform when the stock market opens before deciding what to do next.”
…
These people were pathetic. They were happily anticipating victory a few days ago, and now they were as miserable as if they had lost a loved one.
But this was just the beginning. More unpleasantness was yet to come.
…
Tomorrow was the Little New Year, and the locals in Haicheng were busy preparing.
Early in the morning, Yang Chen’s aunt called.
She wanted him to pick her up tomorrow morning. She and Li Xiaofei would come to Yang Chen’s place to celebrate the Little New Year.
At ten o’clock in the morning, Yang Chen picked up a female passenger.
Female passenger: “Brother, please drive faster. I’m late for work.”
Yang Chen: “Okay, I’ll try to hurry. What do you do? Why are you going to work so late?”
Female passenger: “I’m a salesperson at the Longwei [a Chinese smartphone brand] flagship store. My mother woke up feeling unwell this morning, so I took her to the hospital. After the doctor’s visit, I took her home and then headed to work. I’m already two hours late. Please hurry.”
Yang Chen: “Oh, okay. By the way, what’s the price of the Mate 50 Pro now?”
Female passenger: “256GB is about 6000 yuan, 512GB is about 7000 yuan, and the Kunlun glass version is about 200 yuan more. Are you thinking of getting a new phone?”
Yang Chen: “I am. I’ll come in with you to take a look later.”
Female passenger: “Okay! It seems today isn’t so bad after all. I can find a customer while taking a ride. Hee hee…”
Yang Chen: “Haha… what a coincidence.”
Soon, the car arrived at the Longwei flagship store.
Yang Chen followed the female passenger inside.
“You can look at the phones first, and I’ll get you some water,” the female passenger said.
Yang Chen: “Thank you, I’m not thirsty. I’ll just check how smooth the phone is.”
Female passenger: “Okay. Don’t worry, it’s our flagship phone; it’s definitely good.”
Yang Chen: “The 60? Let me see.”
Female passenger: “Okay, here’s the 60.”
Yang Chen looked around and asked, “When will the 60 Pro be released?”
Female passenger: “There’s no news about that. There’s no listing news for the 60 Pro. Based on past experience, if there’s no news now, it won’t be released anytime soon.”
Yang Chen nodded and said, “Then the 50 Pro it is. I’ll take it!”
Female passenger: “Okay! You’re so decisive. I’ve been doing this for five years, and you’re the first customer who’s been so straightforward.”
Yang Chen: “I trust Longwei’s quality; there’s no need to hesitate.”
Female passenger: “You’re right. Longwei represents the highest quality of Dragon Kingdom mobile phones. You won’t regret it.”
Yang Chen paid at the cashier and left with his new phone.
Back in the car, Yang Chen couldn’t wait to switch his SIM card.
He bought a new phone; he had to show it off on WeChat Moments [a social networking feature of WeChat], right?
“Look at my new phone. Come and praise me.”
Soon, the big shots in his WeChat Moments started commenting.
Ali Da Ma Ge [Jack Ma of Alibaba]: Haha… It’s rare to see President Yang posting on Moments. Why did you buy the 50 Pro? Aren’t you waiting for the 60 Pro?
Tencent Xiao Ma Ge [Pony Ma of Tencent]: President Yang has time to show off his new phone. It seems everything is under control. How does the sauce-flavored latte taste? Is it good?
Biyadi Wang Dong [Wang Chuanfu of BYD]: Haha… We’re all waiting for the sauce-flavored latte. You’re showing off your phone. Hurry up and urge Moutai and Luckin to launch it quickly.
Moutai Ding Dong [Ding Xiongjun of Moutai]: President Yang is so down-to-earth. Haha…
Luckin Guo Dong [Guo Jinyi of Luckin]: President Yang, you should ask President Ren [Ren Zhengfei of Huawei] when the 60 Pro will be released.
Yang Chen chatted with these business tycoons with a smile, and before he knew it, it was lunchtime.
At 9:30 PM, the US stock market opened.
After rising 40% yesterday, Luckin Coffee’s stock price jumped another 30% as soon as it opened today, demonstrating the power of the sauce-flavored latte.
Driven by Luckin Coffee, Dragon concept stock investors’ confidence soared. Yesterday, Dragon concept stocks had mixed results, but today they all rose.
Although the gains weren’t significant compared to the losses of the past few days, the momentum was positive, indicating that Dragon concept stock investors were watching how Yang Chen saved Luckin Coffee.
If Luckin Coffee could survive, other Dragon concept stock investors would have the confidence to hold their shares. As long as they held and didn’t sell, the stock price would stabilize or even rise.
Yang Chen had said that Luckin Coffee was his first battle against the Wall Street shorting alliance. He couldn’t afford to lose, no matter the cost.
Similarly, the Wall Street Alliance couldn’t afford to lose this battle, or it would be difficult to continue shorting other Dragon concept stocks.
So, they immediately launched their second short report.
This time, they questioned the rationality and authenticity of the “sauce-flavored latte.”
Baijiu with coffee? Was that reasonable?
Could something made that way actually be drinkable, taste good, and be suitable for consumption?
Feitian Moutai cost over 3,000 yuan a bottle, and the sauce-flavored latte only cost 19 yuan. To ensure both Luckin and Moutai profited, the cost of preparing the coffee couldn’t exceed 10 yuan.
With a mere 10 yuan, after deducting the coffee cost, was there enough left to add Feitian Moutai?
This short report lacked data and evidence. It was based purely on subjective assumptions.
The situation was urgent, and they didn’t have time to verify their assumptions. As long as it sounded plausible, it didn’t matter if it was true.
As soon as the Wall Street Alliance’s second short report was released, Luckin Coffee’s stock price plummeted, and other Dragon concept stocks followed suit.
Luckin Coffee, with a market value of only a few billion dollars, suddenly became a leader, and the rise and fall of other Dragon concept stocks mirrored its movements.
Soon, the second short report spread to the Dragon Kingdom.
Jin Ming sent the report to Yang Chen as soon as possible.
After reading it, Yang Chen smiled and muttered, “These foreigners are out of tricks. Now they’re resorting to subjective assumptions.”
Yang Chen called Guo Ziming, the new chairman of Luckin Coffee, and said, “Xiao Guo, announce the production process at eight o’clock tomorrow morning. The video of pouring Moutai in the workshop must be authentic.”
Guo Ziming: “Understood. I’ll notify them to prepare immediately.”
Yang Chen: “What’s the current pre-sale situation?”
Guo Ziming: “Total online and offline pre-sales have exceeded 200 million, which is quite successful.”
This meant that 20 million cups had been sold through pre-sales, validating Luckin Coffee’s previously promoted sales and profits.
Yang Chen: “Good. It’s getting late. Get some rest. Happy Little New Year in advance.”
Guo Ziming: “Thank you, President Yang. Happy Little New Year to you too. Good night, President Yang.”
At that moment, a piece of news quietly topped the hot search.
A US department official had arrived in Dragon Kingdom Jingcheng [Beijing] to conduct friendly exchanges in commerce and other fields.
Early the next morning, the Wall Street shorting alliance’s second short report on Luckin Coffee topped the hot searches on major platforms in the Dragon Kingdom.
As everyone knew, there was a group of internet trolls in the Dragon Kingdom who specialized in praising foreigners and belittling the Dragon Kingdom. The Wall Street Alliance’s second report gave them a chance to spew their venom.
“I said long ago that this was just a gimmick that couldn’t become a reality. Beautiful wine with coffee is just a lyric; it can’t become reality. It’s naive to think you can defeat experienced Wall Street giants with a gimmick.”
“Haha… Boss Yang’s trillions of funds have been wasted. He can’t scare anyone.”
“Let the Wall Street giants teach Boss Yang about capital investment. Haha…”