LGHTNOVELBOOK Chapter 292: Human Greed
LeEco's sensational collapse.
It caught the business world off guard, but how do you describe the influence of the sudden collapse of such a commercial myth?
Overnight, the stocks of LeEco that thousands of individual investors had purchased turned into worthless paper.
Among them were office workers who diligently went to work every day and scrimped and saved to invest their meager salaries in the stock market.
There were also all kinds of retirees, as well as countless people sitting on buses, despairingly watching the stock market curves.
Next week, when he returns home, it will be to the tears of a million small investors and an overall downturn in the stock market.
Chen Pingsheng stayed in Xiangjiang until January 20 before returning to Magic City.
Enjoy exclusive adventures from My Virtual Library Empire
The main reason for his return was that the spoiled brat was on holiday, and with the New Year approaching, it was time for him to visit his hometown.
In addition, the private jet he had purchased for 700 million had already arrived in Magic City.
Waiting for him to inspect it.
The ultra-luxurious custom private jet, originally capable of carrying 173 passengers, had been transformed to transport only 19.
With a length of 35 meters and a wingspan also 35 meters, it stood 12 meters high and had a top speed of 1012 kilometers per hour.
The flying altitude was 12,500 meters, with a range of 13,000 kilometers.
It boasted a Rolls-Royce-style starry sky ceiling, signature cloud sofas, and a floating bed.
Sitting inside, it truly felt like being in the clouds.
This model of the plane was new last year, and its level of technological integration was beyond imagination.
It was truly a luxurious villa in the skies.
It was also currently the world's most valuable private jet, with a starting price of 91 million US dollars, and the yearly maintenance cost was no less than 30 million yuan.
Like a super yacht, huge sums of money were needed for maintenance each year after the purchase.
The group's annual meeting was still held in Magic City, and Chen Pingsheng attended via video.
When the annual meeting was over and a few days passed, it would be time for the New Year's holiday.
And his family would also be returning to Wang Village for a while.
Chen An'an had already packed her things, eager to fly on Dad's newly bought large plane.
As for her younger sister, Chen Qi, and Jiang Peiyao, they had come over early, waiting to fly home with him.
"Dad, have you secured the flight route home?"
"Yes, we can leave for Sha City at five in the afternoon."
To take off, private planes must first apply for a flight route and receive approval before they can officially depart from the docked airport.
"So it's just a short two-hour flight?"
"About that, yes. We're only staying home for a week this time; we'll have to come back to Magic City for the New Year."
Alright, although it's just a brief week, I'm still very excited.
Chen Pingsheng, like last year, chose to go back early and return after the New Year.
The group here still had many matters to attend to, as Huayi's stock price, influenced by LeEco, was skyrocketing towards twenty billion.
Additionally, he was still in the process of cashing out his 20% stake in Tengying Entertainment.
He expected to liquidate about 16 billion from these scattered stocks, plus the cash he currently held.
That was nearly 18 billion in total, a sum he had big plans for.
Snacks Dash had achieved its goal of opening ten thousand retail stores this year, most of them franchises.
Once the New Year's celebrations were over, they were nearly ready to go public.
He could also choose to liquidate his original shares in Antler Coffee.
By the beginning of '17, he would undoubtedly possess a huge amount of unexpected funds.
Figuring out how to spend this money was indeed a science.
With so many things needing attention, he wouldn't stay long back home.
Having the super private jet made it quite convenient for the family to visit their hometown.
Not much preparation was needed.
As for his pregnant wife, Song Yanxi, she just needed to be a bit careful.
By four in the afternoon, their family took four Rolls-Royces to Magic City Airport.
After going through the various procedures, they boarded the plane directly.
The plane's luxurious amenities were beyond imagination, with the same starry sky ceiling, space chairs, and three private rooms for comfortably sleeping.
There was a large TV, a kitchen, a bathroom, and everything you could need.
There were also two assigned flight attendants and a captain and a co-pilot.
Chen An'an excitedly found a space chair to lie in, and as for the little fart kid, she naturally followed her sister and sat together.
Jiang Peiyao's eyes were filled with shock; her brother-in-law's family owned not just an ultra-luxurious fleet of cars on the ground.
They had the same standard in the sky, and she knew that in Guangzhou there was even a helicopter worth over 200 million parked.
The one suitable for domestic flights, while this one could fly globally.
"Dad, how about a small coffee and some sunflower seeds and peanuts? Let's make it lively up here in the sky too!"
"Enough, get back to your seat and sit properly, we're about to take off."
Chen Pingsheng said, "No matter how good the plane is, it's just for making travel a bit more convenient. After the New Year, I still have to run around the globe."
Fine, that may be true, but sitting in a private jet still feels incredibly cool.
It's just a novelty, and once she gets used to it, it's nothing special.
Song Yanxi also reminded the little fart kid to fasten her seatbelt. At the moment the plane took off, her ears were still buzzing.
The thrust felt strong, and even though it was better left unsaid, there was still a bit of nervousness.
Once the large plane stabilized in the air, that nervous feeling mostly dissipated.
Under the blue sky and white clouds, the journey home in the sky was a rather nice one.
Chen Qi brought her child along too.
This year, the large family returning home made it quite lively.