Urban God-level Youth-Chapter 608 - 610 Qian Du Company Goes Bankrupt

Chapter 608: Chapter 610 Qian Du Company Goes Bankrupt Chapter 608 -610 Qian Du Company Goes Bankrupt After the judge announced the verdict, he asked the plaintiff and the defendant, “If anyone objects to this decision, they may appeal to the Intermediate People’s Court.”

Ren Huachen, Lv Tian, and Li Fengyu’s eyes flickered with a trace of dimness; the outcome was worlds apart from what they had expected.

Filing another lawsuit seemed futile; it was clearly a result deliberated by the higher-ups.

They hadn’t held much hope to begin with but now, even if there was a one in ten thousand chance, they didn’t want to give it up.

This time, it seemed like they had won, but it was almost as good as losing; it was only a fine of thirteen billion, which hardly affected Qin Hao at all.

Then there was that open condition; if it had been open before, the three major tycoons would definitely not feel as desperate as they did now.

Without the assistance of the Star Domain Network, how could Qin Hao have defeated the three major tycoons so swiftly?

As for this result, Chang Jing breathed a sigh of relief. Although the fine was in the billions, it wasn’t impactful.

The judgment wasn’t streamed live online, and the news spread on the internet only after it had concluded.

Chang Jing returned to the office, where Qin Hao was sitting, waiting for her, “How did it go?”

Chang Jing replied with a smile, “Xingyu Network Communication Company was fined over thirteen billion, and then it will open the Star Domain Network to the three Tenglong Group companies.”

A smile appeared on Qin Hao’s face, “Just as expected.”

Hearing his words, Chang Jing curiously asked, “Mr. Qin, had you anticipated this?”

Qin Hao, “The Star Domain Network controls the life and death of all internet companies. Some people want me to hand it over; Mr. Chang, you must have thought of this when you heard the verdict, right?”

Chang Jing paused for a moment, her beautiful eyes fixed on him, “What do you plan to do?”

Qin Hao smiled lightly, “What do you think would happen if I refuse to give up more than fifty percent of the shares?”

Chang Jing sat beside him, and after a few seconds said, “If Mr. Qin doesn’t want to worsen relations with those above, the only choice is to release the shares of the Star Domain Network.”

Qin Hao sat there in deep thought. The upper echelons’ desire for control was strong; they wanted to control the Star Domain Network, and what more the future Xinghai Automobile Factory?

He had no options; in the face of the nation, any individual or force was pale.

No one could resist this sort of intangible power.

Chang Jing didn’t disturb him, sitting quietly by his side, waiting for him to make a decision.

In her view, no matter how Qin Hao pondered, the outcome was already set in stone, unchangeable by anyone.

Qin Hao also understood that no matter how much he thought, the outcome was already fixed.

He wasn’t thinking about the present issues but was instead considering future matters; anything he would research in the future absolutely couldn’t be done domestically.

After Qin Hao realized this, he smiled and said to Chang Jing, “Mr. Chang, you go and talk to the officials. Sell fifty-one percent of the shares. The price can be set according to the valuation, but the company’s managerial rights must remain in my hands.”

The current market value of Xingyu Network Communication Company reached six hundred billion Federation currency. The reason why its valuation was so high was due to the strong performance of the Star Domain Network and its huge market potential.

If the market were opened globally, the market value of the Star Domain Network would certainly be more than this.

Fifty-one percent of the shares, that would be three thousand and sixty billion Federation currency.

With the money from before, this would be entirely sufficient for his subsequent plans.

After all, his purpose in running the Star Domain Network was to make money; selling some shares would instantly raise substantial funds for himself, arriving at the same destination through different paths, as long as the control remained in his hands.

By selling these shares, he essentially gathered the profits of the next few years all at once.

…

Chang Jing brought up an issue, saying, “Mr. Qin, today Jiangqi Group’s first intelligent autonomous vehicle has been released. It will undergo test driving and various safety tests.”

Qin Hao was somewhat surprised, “So soon?”

Chang Jing, “Once Jiangqi Group’s latest smart car is out, Qian Du Company’s hope will be completely shattered. Although it seems like a victory, they have already lost, and a closure is not far off.”

With the three major groups going bankrupt, Xinghai Company will undoubtedly become the internet hegemon.

Qin Hao’s task was thus completed. The system would upgrade, resulting in the emergence of more advanced military technology and products.

At ten in the morning, he left the company and returned home.

With each passing day, Xinghai High-tech Company was making progress. The production of chips was rapidly increasing.

After deducting various expenses in February, Xinghai High-tech Company had a net profit of over fifty-three billion, which was quite terrifying.

This month, including other companies, the profit could very likely surpass one hundred billion.

…

In a villa district in Jianghai City,

Sato Tarou said to the middle-aged man beside him, “Tell those people that if they don’t cooperate, we will leave.”

The middle-aged man made a phone call to Xu Jiejian, implying simply that they should quickly exert pressure on Qin Hao or else they would abandon the collaboration.

After hanging up the phone, the middle-aged man said to Sato Tarou, “Young master, I have gathered some information: Xinghai High-tech is also researching solar panels.”

Sato Tarou sneered, “What can they come up with? They don’t have any foundation. Fu Feng Group has been researching this area for decades now, only achieving our current success. How is the investigation on Qin Hao going?”

The middle-aged man, “It’s almost done. He lives in Haoting Sea View Villa District; there is a woman and a girl in the villa, heavily guarded. We also saw Qin Hao and a woman very close, arm in arm at midnight, called He Tingting, currently the chief engineer at Xinghai Company.”

Sato Tarou, “Anything else? I don’t believe that the world’s richest man has only a few women.”

The middle-aged man, “He has a fiancée, Xu Siyao, with a significant background, and even more undercover bodyguards.”

A fleck of ruthlessness flashed in Sato Tarou’s eyes, “Qin Hao better be sensible, or I’ll make him regret it for the rest of his life.”

…

At two in the afternoon, Qin Hao sat at home watching TV, with Han Meng by his side, gently massaging his legs.

On the TV, a female reporter smiled and said, “We are currently at Jiangqi Group Car Factory. Today, Jiangqi Group has a new car about to be launched, an intelligent autonomous vehicle jointly developed with Xinghai Company.”

The report detailed footage of Jiangqi’s new smart autonomous vehicle, which, after countless trials and checks by relevant departments, had no issues and was ready to be marketed.

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Jiangqi Group and Xinghai Company simultaneously issued a press release, and the news quickly spread across the entire network.

Upon seeing this news, Li Fengyu of Qian Du Company was utterly dejected. Jiangqi Group’s intelligent car was now marketable, while his autonomous vehicle was still in the testing stage and failing to meet some technical standards.

At six in the evening, an explosive piece of news spread across the network again.

“Qian Du Company CEO Li Fengyu commits suicide by jumping off a building.”

“Qian Du Company declares bankruptcy, a former giant has fallen.”

“In debt by billions, Qian Du Company says goodbye to the internet, Li Fengyu commits suicide.”

…

[Third Update]