Tao Liangchen

Chapter 254 Gathering

Others might think differently.

If someone were to suddenly hear that Su Yehao's tAt network company, with an initial valuation of around HK$50 million and an investment of just over HK$10 million, they might be amazed and envious of his success.

But in Su Yehao's opinion, the surprise brought about by this venture was actually too slow. The excitement and stimulation within it had long been worn away in the daily grind.

In the end, all that was left was a calm feeling of things falling into place, a nod and a comment of "not bad."

Since the establishment of tAt Network Technology Company in the first half of last year, more than half a year had passed in the blink of an eye.

If one didn't consider the growth potential, the total revenue to date was only about HK$30 million, and this was only on paper. It was hard to say whether it could be cashed out for that much.

Looking at the investment in Yahoo, the total revenue had unknowingly exceeded HK$600 million, which was on a completely different level.

Although Su Yehao also understood that tAt was sharpening its sword for future battles, and that once the product succeeded, it would have great prospects, the fact remained that sitting in the office felt dull and boring.

So, after sitting in the company for half an hour, briefly sorting out the short-term achievements and goals, Su Yehao dusted off his pants and left, taking Nong Qingying out shopping.

Starting at two o'clock in the afternoon, they drove to several places on the list given by Zhao Yimeng, all for sale and looking for buyers.

Originally, Su Yehao thought that the financial crisis encountered by Hong Kong City in this era should be a vigorous, rapid, and sudden event.

But the reality was that after being frightened by international hot money a few times, Hong Kong City's housing prices did plummet for a while, but had been warming up again since the end of October last year, although housing prices and land prices had been steadily declining.

As of now, Hong Kong City's property market had fallen by more than 30% from its high point last year, and the atmosphere of bargain hunting was gradually becoming stronger, as was the stock market.

Similar to the situation with tAt, Su Yehao was busy eating melon seeds as an outsider, and after a while, he lost interest.

The bubble was gradually being released, and Hong Kong City's economic environment was becoming safer and safer.

He himself couldn't figure out whether this was a "hard landing" or a "soft landing." Anyway, with the continuous depreciation of real estate, the paper wealth of most Hong Kong City residents continued to shrink with the double decline of the housing and stock markets.

Newspapers often clamored that the economy was not doing well, but most people were still living their lives as usual. The unlucky ones were mainly concentrated among homebuyers who got on board at high prices, and stock investors who gambled heavily.

As for the wealthy businessmen, most of them were in a situation similar to that of Zhao Yimeng's family.

Although they seemed to have lost a lot of money, their quality of life did not decline, and they still had hope of making a comeback...

Speaking of the unlucky ones who got on board at high prices, Nong Qingying was undoubtedly one of them, and Su Yehao had pushed her into the pit in a daze.

Fortunately, through investing in Yahoo, she really earned back her principal and interest.

Nong Qingying planned to continue complaining about this matter.

At this moment, the two were strolling near the International Finance Centre Phase I, the tallest building in Hong Kong City, which was under construction.

After finding a coffee shop and ordering drinks and desserts, Nong Qingying asked:

"You've been looking at buildings just now. Could it be that housing prices are about to bottom out, and your family heard the news? A big company like your Sihai International must have many experts. My house is currently being rented out, but housing prices keep falling, and new houses can't be sold. It's a complete loss!"

Su Yehao shook his head and said with a smile:

"To your disappointment, I'm afraid it hasn't bottomed out yet. The Hong Kong City property developers are all lying dormant. Even this tallest building is probably gritting its teeth and continuing to build. Fortunately, they acquired the land early, and the Hong Kong government is helping to support them. I heard that the Hong Kong Stock Exchange is preparing to move here, so they don't need to care about housing prices. Anyway, they'll keep it for rent, as long as they have tenants."

"If housing prices haven't bottomed out yet, then why did you make such a big circle to look at houses?"

After hearing Nong Qingying's question, Su Yehao told her: "Because they're cheap, and they're planning to sell them at low prices, which is suitable for renting out. It's a pity that the housing market bubble is still a bit big, so we have to wait patiently. I'll get a feel for it first, and if they haven't sold them by then, I might make a move."

"So rich, I like the Eastern Phoenix Seaside Hotel. If I buy it and become the proprietress, it'll be worth it in this life. Work hard to earn money, and do a good job!"

Nong Qingying wouldn't have dared to think about this kind of thing before.

Probably because she had been earning money too quickly from the stock market in recent months, her appetite had rapidly grown, and she was even thinking about a resort-style hotel worth more than HK$400 million.

The Eastern Phoenix Seaside Hotel is located near Lion Rock. The two had just been there. Several deer were raised on the lawn. It was just completed in 1995, and the environment was impeccable.

Rich people like to invest in hotels.

Investing in a hotel is like managing wealth. On the one hand, you earn money through operations, and on the other hand, you can enjoy the profits brought by the appreciation of real estate. It is particularly stable and can often outperform the returns from wealth management.

Su Yehao also followed the trend, but he currently had no interest in the hotels in Hong Kong City because the prices were too high.

He said to Nong Qingying:

"After seeing it now, I'm even more certain that Hong Kong City's real estate is not suitable for investment in the short term. It's just a resort. In the future, when we earn money, let's buy an island together. That would be much more interesting. By the way, have your parents been striking it rich with their fishing trips lately?"

"You can't get rich by fishing. They earn a little hard-earned money, and they're content."

When she got up to get pastries and coffee at the counter, Su Yehao received a text message from the little girl, saying that she was already out of school.

Looking at his watch, it was already past four o'clock, so he casually replied, "Wait for me at home."

Soon.

He took Nong Qingying's car back to Mid-Levels, his car was still there...

——————————————

On a whim.

He called He Shaofan and made an appointment to meet tonight, and also called up Buk Cho and Bamboo Pole.

Su Yehao found a barbecue restaurant on the way and asked the owner to arrange for them to help roast a sheep at Big Wave Bay tonight.

The owner was originally reluctant.

But when he heard that he would be paid a total of five thousand dollars, including ingredients and tools, he immediately nodded and agreed.

He hadn't seen Buk Cho and the others for the entire summer vacation. The three of them had gone to Hawaii on vacation, and had even called to say that the girls were very enthusiastic.

Thinking of the white girls, Su Yehao thought of Miss Vera Andrade, who had given him an oil painting.

Vera had a rather strange personality, but she was indeed beautiful, and she was particularly comfortable to be around.

After the school trip, the two had never met. Suddenly thinking of her, Su Yehao realized that since graduating from high school, many people had quietly lost contact.

It wasn't easy being alone, and sometimes he couldn't even find friends to drink with when he was bored.

Realizing that he hadn't been attentive enough to Buk Cho and the others recently, Su Yehao planned to interact with them more in the future, having meals and drinks together. After all, they were childhood friends, and their relationship was different from that of ordinary acquaintances.

Meeting his buddies again.

He found that he had been worried for nothing. They were still so familiar with each other, and they blended together in a few words.

The roasted sheep wasn't ready yet, and during that time, he unexpectedly received a call from Zhao Yimeng.

She said that she had already brought the contract to Hong Kong City and could meet tonight to sign it, and had also brought her younger sister along...