I am a Big Player
Chapter 640 - 631, Little Fatty Xu Nuo_1

Chapter 640: 631, Little Fatty Xu Nuo_1

The Qinghe Group had gradually become low-key within the domestic media environment. This was a deliberate move by the group itself to decrease its hate index. However, its influence abroad wasn’t very significant, after all, national boundaries are quite distinct. Even though the rapid development of Qinghe Group had been astounding, it hadn’t reached the level of the true global financial conglomerates.

Duan Xiaolou had heard the name Qinghe Group before as a strange acquisition case was recounted to her by a senior—The Brown family sold 10% of their shares in an American airline company to the China-based Qinghe Group.

What was so peculiar about this acquisition? It was the purchase price.

At that time, the person in charge of the aviation sector in the Brown family was urgently seeking an investor for cooperation. Many eyed the prospect greedily, yet bid the price too low, and it was only Qinghe Group who completed the acquisition with a premium of 3.2%, making it one of the biggest acquisition cases in the United States in the second half of 2007.

The regulations of the stock exchange were quite clear, any change in equity exceeding 5% of the total market cap must be made public, and it was because of this that Qinghe Group entered the sight of foreign capital.

Many international media made no comment on this, but Duan Xiaolou and her seniors always felt there was something too wrong about it, as if it showed the Chinese being foolish with too much money. Which domestic nouveau riche had come to play at acquisitions in America? They were far too inexperienced, not even understanding the price well enough.

So, everyone laughed it off and didn’t think deeply about it, as this case had no reference value for them—they would definitely not do such a thing.

But no matter how disdainful Duan Xiaolou and her group were when analyzing this acquisition, a company that could readily produce more than 20 billion yuan had to have significant clout in China.

It is often said that a company’s liquid assets multiplied by ten roughly equates to its net worth. By this joking measure, didn’t Qinghe Group have a market value of over 200 billion yuan?

Yet now, Duan Xiaolou had never expected that in her journey to repair a relationship with a middle school classmate, she would suddenly hear this name again.

What was she often faced with in Australia? Banquets, luxury cars, finance, real estate.

Upon returning to Luo City and attending a middle school reunion, what did everyone discuss? Classmates, girls, basketball, football, games.

It was like two different worlds.

Duan Xiaolou had no intention of mocking her classmates; it was just that subconsciously, she had already made a clear demarcation between all this and her future; the paths they were about to take could only be divergent.

And she was meant to be in a higher place, looking at a broader vista.

However, at this moment, a name suddenly stitched the two worlds back together. Out of curiosity, she asked, "Qinghe Group? What relationship does Xu Nuo have with Qinghe Group?"

Xu Nuo? Wasn’t he just an old classmate’s desk mate, chubby, not good at school, lacking ambition? Duan Xiaolou had already recollected who he was.

"Haha, Xiaolou, you don’t know yet?" one of the male classmates said with some surprise. Logically speaking, there should be no one in the country who didn’t know about Qinghe Group... Oh, Duan Xiaolou has been abroad.

"Now, Qinghe Group is the largest internet company in our country. As of last week, its market value estimate is around 310 billion yuan, I think," the male classmate boasted, "Xu Nuo is the president of Qinghe, holding 3% of the shares. With 3% of 310 billion, how many billions in assets would that be?"

Duan Xiaolou was completely stunned. Xu Nuo? The little fatty Xu Nuo? The president of Qinghe Group holding 3% of the shares?

In Australia, with her family’s support, she had barely managed to possess assets worth 3 billion yuan, yet he owned 3% of a behemoth like Qinghe Group?

This male classmate, perhaps not so good at math, but Duan Xiaolou, who studied actuarial science, calculated in a fraction of a second that 3% of the shares were equivalent to 93 billion yuan.

Her middle school classmate was already a billionaire?

"Haha, the games we were just discussing, Dota, Kunlun, all of these are products of Qinghe Group.

"Qinghe Search, Qinghe Payment, Qinghe TQ, Qinghe Mall, Qinghe... all these too. Xu Nuo told us before that Qinghe Group aims to change everyone’s lifestyle. We didn’t believe it, but look now, everything around us seems to be connected to Qinghe, the true behemoth of the domestic internet."

"Now, wherever we go in the country, we hardly need to carry cash. When I settled the bill with the hotel just now, it was simply a scan with the phone. Even for taxi rides or grocery shopping, everyone can pay with their phone. Xiaolou, is it this convenient in Australia now?"

Duan Xiaolou fell silent for a long time. She finally realized what kind of entity Qinghe Group really was—a true Internet Empire that was so closely integrated into people’s lives. How could such an entity be associated with foolishness?

Moreover, this situation with mobile quick payments was really the first time she had heard about it. Being cashless wherever you go—Australia couldn’t do it, neither could Japan or the United States, but China had managed it.

The accomplishments of Qinghe Group were far from as simple as she had imagined.

She now couldn’t wait to get home, open her laptop, and have another discussion with her seniors about this domestic company. They had always thought that domestic development was too slow but perhaps things were not as they seemed.

However, Duan Xiaolou felt something was amiss: "How did Xu Nuo get the shares of Qinghe Group?"

It didn’t make sense. How could a high school student be linked to Qinghe Group, and most surprisingly, become the president of Qinghe Group?

A 17-year-old president of a hundred-billion asset company—this seemed like something out of a movie, and even movies wouldn’t dare to portray it this way.

Was it because of technology? If it were due to a particular patent startup and then being diluted in equity after financing, that could be explained.

But... given the broad reach of Qinghe Group, an individual’s technical expertise would have an almost negligible effect within such a colossal entity.

So, why was Xu Nuo the president of Qinghe Group?

"The company was jointly founded by Ren He and Xu Nuo. His shares were given to him by Ren He—it’s really enviable. If only we could have joined them at the start-up phase," a male student said enviously.

Now Xu Nuo goes to school if he feels like it, and if not, he doesn’t bother. Money isn’t an issue anyway; it’s the dream life we all long for.

Ren He?! A storm of shock surged through Duan Xiaolou’s heart. How did it come to involve this old classmate again? Wasn’t he into extreme sports?