I am a Big Player
Chapter 412 - 407, Is this my own son? (First update)_1

Chapter 412: 407, Is this my own son? (First update)_1

On the night of Lunar New Year’s Eve, the entire world seemed surreal to Ren and Mrs. Ren, all because their family had produced a prodigy that nobody could have ever imagined.

In fact, Ren He had made the right judgment. That evening, he could roughly discern from Mrs. Ren’s tone that she was optimistic about Qinghe Group.

To Ren He, other people’s optimism didn’t matter. First, he didn’t need financing, and second, regardless of whether others were optimistic, the expansion of Qinghe Faction had already become inevitable.

Mrs. Ren’s approval was what truly mattered, which meant he could finally lay out the whole truth.

As long as he didn’t mention Knight, he seemed to be safe.

Ren He continued, "Within Qinghe Group, I define the core purpose of the simultaneous establishment of these 18 Qinghe Faction subsidiary companies as changing lives. How to change? It’s about making people’s lives more and more convenient."

"Qinghe Search allows people to leave behind the era of portal websites, Qinghe Payment allows people to say goodbye to the era of cash, Qinghe Mall ushers people into a new age of universal marketing, Qinghe TQ Communication connects all of Internet society, and Qinghe Microblogging brings the Internet into an era of information explosion..."

After Ren He discussed the core values of the 18 Qinghe Faction subsidiary companies, he then elaborated on his understanding of some key points in the development paths of these companies.

Initially, Ren and Mrs. Ren thought such blind expansion seemed a bit frivolous, but now, after listening to Ren He’s explanation, it seemed to make sense.

Mrs. Ren had originally thought that these online ventures must require a lot of investment, as it seemed that portal websites in the past were all burning through cash. However, Ren He had now explained to them the simplest truth of the Internet: Content is king, and users lead to victory.

Active users make you successful; without them, it’s the opposite.

Why do the big names in the Internet always emphasize how many users they have, even monthly active users? This is the real logic of the Internet.

Just think about it, influencers with a high number of followers on microblogging platforms can earn tens of millions, and ultimately, the essence of a fan economy is still people. Plain and simple, advertisers are looking at how many active users an influencer has before they spend their money.

It’s just that now, the users go by the name ’followers’.

"The Internet economy is bound to come into existence. Now let me analyze how my Qinghe will ultimately impact my mom’s business complex. As online malls that eliminate the need for storefront rent and renovation costs rise, their product prices will be much lower than those in physical stores, and they all offer home delivery services, which will lead more and more people to give up the idea of buying offline. Once it becomes difficult for stores to do business, a collective dive in storefront rent will become inevitable," Ren He analyzed seriously.

Having said all that, he felt a kind of relief the moment he finished. Sneaking around to build a company didn’t feel good; it should have been a joyful accomplishment—his independence, the ability to earn money, the foresight and wisdom beyond ordinary people—and yet, he could only make progress under the cover of night.

Ren He calmly looked at Ren and Mrs. Ren, waiting for their reaction.

However, even when it came to the point where Mrs. Ren heard that storefront rents were expected to plummet, she wasn’t too shocked. By this time, Ren and Mrs. Ren were both very certain that their son was indeed the founder of Qinghe Faction. If he were lying, he wouldn’t be able to describe this matter in such detail.

The future development of the 18 Qinghe Faction companies was uncertain and mysterious in the business world, and no one could guarantee whether Qinghe Faction’s move was right or wrong. But now, having heard the more detailed and logical version from Ren He himself, they were convinced that Qinghe Faction had indeed made a big move in setting up an Internet Empire, step by step!

Relying on Qinghe Games to develop Qinghe TQ Communication, once TQ had the largest user group in China, it could be bundled with Qinghe Mall and Qinghe Payment operations. Qinghe Mall could even initially appear within TQ’s built-in system and then be spun off once it was established while the bundling of Qinghe Payment would manifest in terms of game recharging and red packets.

It could even be said that red packets would be Qinghe Group’s future trump card in the area of Qinghe Payment.

Ren and Mrs. Ren now listened in confusion—could a red packet really be that miraculous? But Ren He knew it to be truly miraculous.

Normally, he was too lazy to pick up a coin dropped on the ground, but when red packets just came out, he was overjoyed to grab a mere five cents.

Although later on, most people’s enthusiasm for red packets waned, initially, red packets indeed helped WeChat successfully bundle a huge number of paying users.

She asked the question she most wanted to know, "How is the shareholding of Qinghe Group distributed?"

Currently, Xu Nuo and 21 leaders of Qinghe’s faction were publicly at the forefront of Qinghe Group, and they had never seen Ren He make any public appearances in the media. So they were considering one question: Who was the true power-holder within Qinghe?

After a moment’s thought, Ren He replied, "In Qinghe Group, I hold 97% of the shares, Xu Nuo holds 3%, and the subsidiary companies are absolutely controlled by Qinghe Group with an equity partnership system that allows the executives from Qinghe Faction who venture out to hold 10%-12% of the shares."

Ren He spoke calmly, but the meaning rang differently for Ren and Mrs. Ren. They understood what a 97% majority share meant—it implied that the son sitting in front of them, the one they had never imagined would make his mark in business, was the true helmsman of a vast empire.

Maintaining a low profile, quietly building a massive empire without their knowledge, the revelation was simply shocking.

How old was Ren He? After the New Year, he would be just 17. What was Ren doing at 17? He enlisted in the army at 16 and at 17 was diligently preparing to apply for military school, which was only a junior college at the time.

What was Mrs. Ren doing at 17? She enlisted at 18, so at 17, she was still earnestly attending high school.

Indeed, Qinghe Group was nothing compared to Mrs. Ren’s Luohe Group, but could Luohe’s development pace match that of Qinghe Group? Mrs. Ren was so focused on Qinghe Group after a careful study of its rapid valuation growth.

But all this was not the most important thing. At this moment, Ren and Mrs. Ren realized that Ren He sitting calmly on the opposite sofa had a subtle aura of a leader. Just now, as Ren He detailed the future prospects of Qinghe Group, he had clear logic that allowed Ren and Mrs. Ren to vividly grasp the big game Qinghe Group was playing.

Ren and Mrs. Ren looked at each other in disbelief. Was this really their son?!