How A Ride-Hailing Driver Comes To Dominate The World? [EN]: Chapter 644

The equity structure of Shanghai Disneyland is divided into two parts: Shanghai Ledi Group holds 57%, and Walt Disney Group holds 43%.

Ledi Group is a wholly-owned company of the Shanghai State-owned Assets Supervision and Administration Commission, specializing in Shanghai’s international tourism business, including real estate project development and infrastructure construction.

The president and general manager of the Disney Resort is Xue Zhiyi. The president from the US side that Gao Yuncheng mentioned is actually a representative sent by Disney headquarters, named Hult Roberts.

It can be seen that Hult Roberts’ position in Disney isn’t the highest. He reports to Xue Zhiyi. According to the equity ratio, his position is also inferior to Fan Jinsong, the chairman of Ledi Group.

Gao Yuncheng felt that finding domestic connections wouldn’t be enough to deal with Yang Chen, so he thought Hult Roberts would definitely be able to help them. His thinking was still stuck in the past, believing foreigners were naturally superior to Chinese people [Dragon Country people].

Li Kaile also felt that if they could get the US president of Disney to take action, they would definitely be able to force Yang Chen to apologize and reconcile.

So, Li Kaile said, “Then let’s go find him together. No matter how much money it costs, we’ll split it in half.”

Gao Yuncheng: “Okay! I’ll call him now, and we’ll visit him together later.”

Inside the screening room, the movie was playing.

Lin Yiren was just a supporting role, and she didn’t have many scenes. Most of the plot didn’t feature her, so Yang Chen and Lin Yiren were mostly kissing in the dark, their minds elsewhere.

Two hours later, the movie ended.

Chen Kai led the main actors, excluding the male and female leads, to the front of the screen to interact with the audience for publicity.

Lin Yiren had too few scenes, and she wasn’t very famous yet. Plus, she herself was unwilling to appear in public, so she had already told the director that she wouldn’t participate in any promotional activities.

In fact, Yang Zhen, the CEO of Xingchen Entertainment, intended to make Lin Yiren popular, but Lin Yiren’s heart wasn’t in it.

Rather than listening to them chatting awkwardly here, it’s better to go home early and spend time together.

Lin Yiren winked at Yang Chen, and the two of them got up and left.

After leaving the cinema, the two went straight to Lin Yiren’s house.

Just as they arrived downstairs, Jin Ming, the CEO of Xingchen Investment, called Yang Chen.

Jin Ming: “Mr. Yang, Wall Street has finally taken action. This time, they want to short ten companies at once. It seems they want to fight us to the death.”

Yang Chen: “What’s the situation with those ten companies? What are their reasons for shorting them?”

Jin Ming: “The first company they shorted is 360, and the reason is that the company’s stock price is too high. The most reasonable price should be around 5 US dollars, but the current stock price of 70 US dollars is too high. In addition, the company’s major shareholder, Zhou Hongyi, has financial problems and may explode at any time.”

Yang Chen: “What else?”

Jin Ming: “Although their short-selling report has dozens of pages, the central idea is these two points.”

Yang Chen: “Hehe… The stock prices of Internet companies are inherently high and can’t be compared with industrial companies. These people are known as Wall Street giants, but I think they aren’t even as good as radishes. Zhou Dong’s financial problems are also his personal affairs. As long as he doesn’t reduce his holdings and cash out casually, it won’t affect the company’s stock price. I thought they had prepared some trump card after preparing for two months, is that it?”

Jin Ming: “They also shorted Oriental Education Group this time. The reason is that our country has placed significant restrictions on the field of extracurricular tutoring, and the main business of Oriental Education Group is extracurricular training, etc. Although the Oriental Education Group has added live streaming as its main business after the reorganization, live streaming relies too much on related platforms. Once the platform doesn’t give traffic [prominence], the performance of live streaming will deteriorate. Therefore, they believe that the profitability of this business is very unstable, and the company’s stock price shouldn’t be too high. The most reasonable valuation is about 3 US dollars.”

Yang Chen: “Damn it, I am the second largest shareholder of Oriental Education Group, and I also have shares in Douyin and Zimu Tiaodong [TikTok and its parent company]. Zhang Yiming has to call me President Yang when he sees me. Whether the platform gives traffic or not is up to me. What have these people prepared for so long? I’m not even interested in dealing with them.”

Jin Ming: “The third company they shorted is Pin Xixi [Pinduoduo]. I think this is the most likely to succeed among the 10 companies they chose. There are four main reasons for their short selling. First, Pin Xixi falsely reported the number of employees, which would reduce expenses such as wages and benefits, and indirectly increase net profit. Second, Pin Xixi’s low-price ‘cut-a-knife’ [bargain hunting] routine doesn’t work anymore. Most consumers understand their routine, and the platform is full of fake and inferior products. More and more consumers have abandoned it, which means that the number of users is constantly decreasing. Third, Tao Te from Ali Gaga [Taobao from Alibaba], Jingxi from Gou Dong [JD.com], and live streaming from Douyin and other platforms all focus on cheap prices, forming direct competition with Pin Xixi and taking away a large amount of Pin Xixi’s market share. Fourth, some of Pin Xixi’s shares have ‘disappeared’. The company’s explanation is that they were donated to charitable organizations and given to venture investors, but they refused to explain which charitable organizations and venture investors they were given to. This is obviously lack of transparency and unfair to retail investors. So I think this is the company most likely to be successfully shorted. If no one intervenes, I think it will have to fall by at least 50%, or even 70% is not impossible.”

Yang Chen: “Well, I agree with your opinion. However, in this battle between us and Wall Street, we don’t look at the quality of the company, we only look at the result. The result is that the stock price of the company shorted by Wall Street must not fall. When Wall Street admits defeat, companies like Pin Xixi shouldn’t retain their shares and should be slowly withdrawn. Even if it falls 70% or even delists later, it has nothing to do with us.”

Jin Ming: “Understood! Then I will send you the detailed information of the ten companies they chose and the outline of their short-selling report. After you read it, we will decide how to fight back.”

Yang Chen: “Okay! Send it over.”

Yang Chen quickly opened Lin Yiren’s computer, logged into his email, and waited for Jin Ming to send the information.

Originally, Lin Yiren was ready to “duel” with Yang Chen immediately, but now that he was busy with work, she very cleverly read novels aside without disturbing him.

After Yang Chen finished reading the situation of the ten companies and the short-selling reports of the Wall Street Alliance, he had a rough plan for the counterattack.

The specific counterattack steps and methods for each company are definitely different, but the essence of the counterattack method is the same: to spend money to buy, buy, buy without thinking. However much retail investors sell, Yang Chen will buy.

Because most of the ten companies selected this time have no problems, and the only one that is most likely to be successfully shorted is Pin Xixi, but it isn’t a big problem. Yang Chen can use real money to hold up the stock price.

Anyway, Yang Chen’s money is useless in the bank. Buying the stocks of these companies and leaving them there won’t have any impact on him.

But the money of the Wall Street Alliance is different. They must act quickly, otherwise this year’s investment performance won’t look good, and their own stock price will plummet. At that time, if they fail to short, they will have to cause heavy losses to the shareholders, and they can’t afford such consequences.

To put it bluntly, Yang Chen doesn’t need to do too much, just simply and rudely use money to rush in.

Could it be that the Wall Street Alliance didn’t predict such a result?

Of course not, if they can’t even predict such a result, then they aren’t worthy of being on Wall Street.

The reason why they dare to short even though they predicted that it might develop into this situation is to maximize the amount of Yang Chen’s funds flowing to the United States.

They naively thought that as long as Yang Chen’s funds arrived in the United States, with their status in the United States, they could completely “order” the United States to freeze all of Yang Chen’s funds.

Even if they don’t confiscate these funds, as long as they keep delaying Yang Chen from using them, it will be a major victory for them.

Therefore, in their prediction, they will never lose. Whether Yang Chen can protect the Dragon Country concept stocks or not, he is destined to be the loser.

It can only be said that they think beautifully. Yang Chen has already thought of a backhand. This time, he will teach them how to swagger over and swagger back.

Yang Chen wrote a brief anti-short selling report for each company. The length wasn’t long, a few hundred words for each company. The main point was to point out the key points and steps of the counterattack, and the rest was left to Jin Ming to operate.

By the time he replied to Jin Ming’s email, it was already one o’clock in the morning.

At this time, Lin Yiren was already asleep, so Yang Chen quickly took a shower and went to bed.

Early in the morning, the news that the Wall Street Alliance was shorting ten Dragon Country companies spread all over the Internet. Many netizens came to Yang Chen and Xingchen Investment’s Weibo [Chinese Twitter] and other accounts to leave messages asking how they were going to fight back.

“I giao [Oh my god], these foreign devils are going to risk their lives this time, fighting ten at once! Can Boss Yang handle it? I hope these companies can cooperate well with Boss Yang and win this counterattack battle.”

“Although I don’t understand investment very well, I read the translated version of the short-selling report, and I think the points they shorted seem to be correct. Especially the report on shorting Pin Xixi, it’s really all correct, and it’s very accurate.”

“Although I don’t really like some of the companies that are being shorted this time, it’s related to our country’s interests, so I still hope that Boss Yang can successfully fight back and protect the market value of these companies.”

…

Netizens are just watching the excitement, and Xingchen Investment doesn’t care what they say.

At nine o’clock, Jin Ming held a meeting for everyone.

Jin Ming: “Everyone has read the Wall Street short-selling report on 10 Dragon Country concept stocks and President Yang’s counterattack strategy, right?”

The employees nodded.

Jin Ming: “The main task for us this morning is to create the anti-short selling report for these 10 companies. 5 people in a group, each group is responsible for one company. Feel free to form teams, but each group must include an analyst, a trader, and an information collector. After forming a team, you can choose the company to be responsible for first. Start forming teams now.”

Everyone immediately took action and chose colleagues they trusted to form teams.

At this time, Yang Chen arrived.

Everyone quickly quieted down and greeted Yang Chen together.

“Hello, President Yang!”

Yang Chen nodded with a smile and said, “Hello everyone. What are you doing? Brainstorming?”

Jin Ming: “No, I asked them to form teams, and each team is responsible for an anti-short selling report for one company.”

Yang Chen nodded and said loudly, “Everyone continue, I have a few words to say to Jin Ming.”

Jin Ming went to the office with Yang Chen, poured him a cup of tea, and said, “Mr. Yang, what do you want to tell me?”

Yang Chen: “Just now, the bosses of 360 and several other companies called me and said that they will actively cooperate with us to produce anti-short selling reports. You can directly ask them for any information you need. As long as it doesn’t involve core business secrets, they will fully cooperate.”

Jin Ming: “Okay! I got it.”

Yang Chen: “Well. If you need my help with anything, call me at any time, and don’t be polite.”

Jin Ming: “Okay.”

Yang Chen drank the tea in one gulp and said, “Well, your tea-making skills have improved. I’m leaving, you’re busy.”

Jin Ming: “Since President Yang thinks my tea-making skills have improved, then you can come and drink more often when you have time.”

Yang Chen: “Haha… Well, I remember it, I will come more often when I have time.”

Jin Ming sent Yang Chen away and quickly returned to the conference room to assign tasks to each group.

Yang Chen logged into his Bipi [Didi] driver account and chose a relatively long-distance order from the dozen or so orders pushed to him.

The passenger was a black strong man who said “6379” as soon as he got in the car.

Yang Chen: “Hello, welcome to Bipi. Is this the passenger with the last number 6379, going to Disney, right?”

This was originally a very normal and basic operation to verify passenger information, but this foreigner obviously had a bad brain and suddenly said violently: “I only say it once, understand?”

Yang Chen turned his head and looked at him and said, “This is our regulation. We have to verify the last number and destination with the passenger to avoid passengers getting in the wrong car or mislocating the destination, which will cause a series of unnecessary troubles. So, don’t be so excited, just confirm the information with me.”

The black brother immediately cursed in English: “6379, you idiot, use your ass to think, hurry up and go!”

Oh, I’m so angry, this bastard probably doesn’t know whose motherland this is.

Yang Chen waved his hand and said, “Get out! Immediately, now!”

The black brother said with a surprised face: “What are you saying? Let me get out of the car? Are you kidding me? This must be a joke, and a very unfunny joke. Don’t think that you can bully me just because I am a foreigner. Do you know what the consequences of you kicking me out of the car are? I can complain to the platform, I can also call the police, and I can even go to the embassy to complain that you are discriminating against Americans. Understand?”

Yang Chen couldn’t help but laugh and said,

“Then do you believe that I can now have the platform block your account, have the embassy cancel your visa, and make you never be able to come to Dragon Country? Use your ass to figure out what place this is. This is Dragon Country, Haicheng. The people of Dragon Country are the masters of this land. You, a beggar, dare to talk nonsense to the master. Who gave you the courage? You still go to the embassy to complain. You can complain now and see if they dare to do anything to me.”

The black brother: “Fuck! You’re done, you’re done! I’m calling the platform customer service now, I must complain about you.”

Yang Chen: “Okay, complain.”

The black brother: “Do you know how many ride-hailing drivers I have complained about? I have complained about more than 30 drivers, without exception, they have all been punished, and they have to apologize to me after the punishment. You are about to become one of them, understand? Idiot!”

Damn, he has harmed more than 30 drivers.

Is the platform customer service eating shit?

One person complains about more than 30 drivers, are they all the driver’s fault?

When dealing with problems, they don’t use their brains. Just because he is a foreigner, they obey his orders, right?

The call was connected.

The black brother: “Hello, I am an American, my name is Jones Hamilton. I want to complain about your driver, he scolded me and kicked me out of the car. I was already sitting in the car, why did he refuse to carry me? I demand that you punish him immediately, otherwise I will expose you and complain to the relevant departments about your platform. If you can’t give me justice, I will seek help from the embassy. You don’t want such a small matter to rise to the diplomatic level, right?”

I’m so angry, Yang Chen now knows why the customer service has allowed him to successfully complain more than 30 times. He has indeed taken control of the customer service and the platform.

With this threat, the customer service and the platform will definitely choose to sacrifice the driver in order to avoid unnecessary trouble.

After all, there is already a serious oversupply of ride-hailing drivers. Many cities do not even allow new drivers to join the ride-hailing industry.

The platform does not lack drivers, so naturally it is not afraid to sacrifice the interests of the drivers and offend the drivers.

Customer service: “Okay, do you want to complain about the car you are currently in?”

The black brother: “Yes! You must deal with him seriously, otherwise the consequences will be very serious.”

Customer service: “Okay. I have already dealt with it, you can rest assured now, he will not refuse to carry you anymore.”

The black brother: “You must make him apologize to me!”

Customer service: “Who should apologize to you?”

The black brother: “The driver of the car I am currently in!”

Customer service: “What driver? What car are you in? You are not a user of our platform, how could you be in a car from our platform?”

The black brother: “Are you kidding me? Are you also using your ass to think? I am a Bipi user, I am in the car now!”

Customer service: “Impossible, we don’t have your registration information on our platform. You got it wrong, I still have to serve other users, goodbye.”

The black brother: “What? Wait a minute! Wait a minute…”

The customer service didn’t care about him and hung up the phone cleanly.

The black brother was a little confused. It wasn’t like this before. As long as he complained, he would definitely succeed. What’s going on today?

At this time, he found that his Bipi account had logged out. He quickly logged in again, but found that he wasn’t a user of the platform and needed to register before he could log in.

“…”

The black brother stared wide-eyed at the platform’s reminder and said to himself: “What’s going on? I’ve been using it for several years, why am I suddenly not a Bipi user?”

Bipi doesn’t lack drivers, nor does it lack users. It is a good thing to have one or two fewer low-quality users.

The black brother quickly registered an account, but was reminded that his ID card and mobile phone number had already been registered, and he needed to change a number and ID card to register an account.

“What the fuck! What’s going on?” The black brother said loudly with a puzzled face.

He quickly called the platform customer service again, but found that no matter how he called, the line was busy.

The black brother was completely speechless and cursed: “Damn stupid platform, it’s killing me! I’m calling the police, I’m complaining about the platform too! Hello, police, I want to call the police, you come here quickly, I’m about to be pissed off.”

More than ten minutes later, the police comrades arrived.

The black brother immediately complained to the police comrades about Yang Chen’s refusal to carry him, insults, and other issues.

Yang Chen was too lazy to even explain and directly showed the police the surveillance video.

After watching it, the police comrades checked Yang Chen’s driver’s license and learned that he was Boss Yang of the Xingchen Group.

The police comrade immediately said to the black brother: “This foreign friend, you have also seen the video, you were too excited, and you were the one who cursed first, the responsibility is on your side. You should apologize to this driver comrade. If he does not pursue your responsibility, this matter will be over. If he pursues your responsibility, we will detain you for 5 days in the name of provoking trouble.”

The black brother was stunned and didn’t react for a moment.

After a few seconds, the black brother said excitedly: “You’re not kidding me, are you? You want to detain me for 5 days? Why? On what basis? I haven’t broken the law. I admit that I cursed at him a few times, but what harm can this cause him? You’re going to detain me for this?”

The police comrade: “That’s right, this is Dragon Country, a country that emphasizes the rule of law. We respect and protect the legitimate rights and interests of every legal citizen. Every legal citizen enjoys the right to reputation and the right not to have their personality violated. You insulted him, which is infringing on his personal dignity.”

The black brother: “When I was in the United States, it was okay to hit people, let alone curse. Your laws here are too strict.”

The police comrade: “This is not called strict, this is called a society ruled by law. If you can insult people without being punished, then everyone can insult others. Will this society still be harmonious? The streets are full of people cursing each other, what would that be like? Don’t use your chaotic society to compare with our Dragon Country’s harmonious and rule-of-law society, understand?”

In the United States, especially in black slums, it is nothing to hit people, let alone curse. Murder is common, so he certainly cannot understand how powerful the rule of law in Dragon Country is in protecting the legitimate rights and interests of citizens.

But these are not important. The law is the law, and it will not lose its binding force and coerciveness because he does not know or understand it.

The black brother: “I have to apologize to him, otherwise you will detain me?”

The police comrade:

“That’s right! You have to apologize to him.”

Yang Chen: “He was still showing off in front of me just now, saying that he had complained about more than 30 drivers before, forcing the platform to make them apologize to him. This kind of person is just relying on his foreign status to be arrogant and domineering. We must let him know that this is Dragon Country, and the Dragon Country people are the masters of this land. They are not allowed to bring their country’s ways here.”

The police comrade: “Well, Mr. Yang is right. Mr. Hamilton, you must express your position now, whether to apologize to Mr. Yang or be detained by us for 5 days. You can consult a lawyer at will. If our behavior is in any way illegal, you can complain or even sue us.”

The black brother was afraid and quickly said: “No need to consult a lawyer, an apology is an apology. Driver, I’m sorry, I was not in a good mood just now, please forgive me.”

Yang Chen: “Get out of the car.”

The black brother: “Okay. I’ll get out of the car now!”

The police comrade: “Mr. Yang, are you sure you are not pursuing his responsibility?”

Yang Chen: “Since he apologized to me, I won’t pursue it. Thank you for your trouble.”

The police comrade: “You’re welcome. Then we’re leaving.”

Yang Chen nodded, and the police comrade immediately got in the car and left.

Just as Yang Chen was about to drive away, the black brother came to the car window and said: “The police were here just now, so I couldn’t speak well. I am now solemnly warning you that this matter is definitely not over. I am going to the embassy now to seek help, and I will definitely make you pay the price. I am the assistant to the president of Disney. I will call the president now to seek help, and he will definitely stand up for me. Just wait to be fired by the platform.”

Yang Chen was originally ready to leave, but since he was so unconvinced, he would teach him a lesson until he was convinced.

Yang Chen: “I was wondering why you were so arrogant. So you are the assistant to the president of Disney. You are very confident with a big shot backing you up. Okay, then I will see what your embassy and Disney can do to me. Tell them my name is Yang Chen, and everyone calls me Boss Yang of the Xingchen Group! Make my identity clear, so you don’t want to take revenge but don’t know who to look for!”