dognovel Chapter 258 He Qiang's Company Goes Bankrupt
Chapter 258 He Qiang's Company Goes Bankrupt
Bai Fugui never imagined that the collapse of the Bai family business would be caused by Wu Tao, the son-in-law of the Bai family.
Originally, Bai Fugui came out hoping to find old friends and resolve the Bai family's crisis as soon as possible.
Now that he heard that the Bai family business had long since gone bankrupt, and with Wu Tao, the son-in-law whom everyone looked down upon, turning against them, he truly felt that the Bai family was finished.
Hu Jing and Bai Fugui pushed Bai Ningbing onto a bus and returned to an old residential area.
Hu Jing and Bai Ningbing only managed to get tens of thousands of yuan by selling their jewelry and bags.
Hu Jing rented a three-bedroom apartment in the suburbs with tens of thousands of yuan, and now her luxury car has also been confiscated.
Sitting on the old, moldy sofa in the living room, Bai Fugui, Hu Jing, and Bai Ningbing fell into a dull, deathly silence.
Even while being investigated inside, Bai Fugui didn't feel despair. He thought he was just going through the motions this time, and as long as he was safe, he could resolve the trouble once he got out.
Little did they know that in just half a month, the entire Bai Group would vanish into thin air. Now, not only are they missing out on billions in assets, but they also have to shoulder billions in debt.
Most importantly, the Bai family is now in dire straits, and no one will lend a helping hand to them.
Hu Jing and Bai Ningbing haven't been idle these past few days. Although their old friends wouldn't help them, they could still leak some information to them.
It was thanks to this information that Hu Jing and Bai Ningbing were able to piece together a complete plan.
The whole affair has now been made public. It was initiated by Wu Tao, the son-in-law of the Bai family, and followed by several other prominent families, including He Cheng.
With the cooperation of several people within the Bai Group, a conspiracy against the Bai family was fully launched.
As for the results, there's no need to elaborate now.
With the collapse of the Bai family, Wu Tao's newly established Jiutian Capital suddenly made a dazzling debut.
Several prominent families, including those affiliated with He Cheng, also made a fortune from this Hainan Rendez-Vous.
As for the other employees in the group who worked with Wu Tao, they all received a generous reward and chose to retire.
It is said that Wu Tao's Jiutian Capital has assets of 2 billion yuan. Compared with the Bai family in the past, it is slightly weaker, but it is wholly owned by Wu Tao.
He Cheng and his three families each received over a billion yuan worth of valuable assets from the Bai family.
Besides the real financial benefits, the most important thing for He Cheng and his group was to destroy the Bai family; the subsequent profits would be even more crucial.
Without the competition from the Bai family, the benefits that these major families will gain in the future will definitely exceed what they are currently receiving.
He Cheng and his colleagues could tolerate the emergence of a new elite like Wu Tao.
Even knowing that Wu Tao might one day become a multi-billionaire like the Bai family, they weren't worried about Wu Tao compared to bringing down a fully-fledged Bai family.
Of course, Wu Tao's ability and ruthlessness in this move also surprised those in the industry who used to laugh at him.
Even many people who had openly mocked Wu Tao in the past have extended invitations to him, hoping to apologize to him in person.
By this time, Wu Tao was no longer an incompetent son-in-law relying on the Bai family's reputation; rather, he was a business prodigy.
Everyone felt that Wu Tao had only fooled everyone with his affectionate demeanor.
He Qiang has also been feeling intimidated lately. He never expected that Wu Tao, whom he thought was weak and incompetent, would actually be so formidable.
Even the Bai family has been swallowed up by Wu Tao, so what kind of lesson will he, as the culprit who destroyed the other party's marriage and cuckolded him, learn?
He Qiang was extremely anxious and repeatedly investigated the company, fearing that there might be a traitor within his company as well.
He Qiang has finally made it back to normal, and he absolutely doesn't want to fall into poverty again.
He Qiang searched the company several times but found nothing suspicious.
Just when he thought Wu Tao might only target the Bai family and that he was still safe.
Suddenly, He Qiang discovered that the large overseas company that had signed the order with him had started to sue him.
The reason is that the products He Qiang provided to that company were substandard, resulting not only in the loss of payment but also in compensation amounting to hundreds of millions of yuan.
As soon as this incident broke out, He Qiang's company's stock price immediately plummeted to its daily limit.
Then several banks came directly to He Qiang's company to collect debts, and then many of the company's employees quit.
Everything that happened to He Qiang's company was seen by people in the industry, and they were not surprised at all.
From the moment Wu Tao made his move against the Bai family, many people wondered what He Qiang would encounter.
It would be strange if he could continue to live a peaceful life.
However, no one expected that Wu Tao had already laid out a grand plan for He Qiang overseas.
Even He Cheng felt a sense of fear towards Wu Tao, as if this former comrade-in-arms was more terrifying than the Bai family.
You have to understand that the foreign company is a long-established company with a market value of tens of billions. Why would they cooperate with Wu Tao to deal with He Qiang?
You have to understand that the foreign company is a long-established company with a market value of tens of billions. Why would they cooperate with Wu Tao to deal with He Qiang?
Even He Cheng himself found it difficult to cooperate with the other party, but Wu Tao could get the other party to risk self-harm to destroy He Qiang.
Wu Tao would never tell He Cheng that the major individual shareholder of that foreign company was a gangster's business.
Even though the gang only owns five percent of the company.
However, when Wu Tao personally offered 100 million yuan as a bargaining chip, they didn't mind digging a pit for He Qiang.
Of course, with the entire plan executed, Wu Tao also regained control of He Qiang's company. In particular, He Qiang's several factories were part of the plan for him to later launch his own smartphone.
Wu Tao's acquisition of the Bai family's assets and He Qiang's company has essentially completed the integration of the entire upstream and downstream of the smartphone industry.
Currently, the market is still dominated by ordinary mobile phones, and smartphones are still just a concept for most people.
Having experienced the era of smartphones, Wu Tao naturally wouldn't miss this new opportunity.
Now, in the secret laboratory, prototypes of the first generation of smartphones have appeared.
Not only does it have more features than existing smartphones on the market, but its casing is also extremely stylish.
Wu Tao wanted to become the Steve Jobs of this world, so he specially registered a new brand called Apple.
The first-generation iPhone is also about to be released.
Offline physical stores have also been quietly set up in major first-tier cities.
He Qiang's company was even worse off than the Bai family's; he was only able to develop because of Bai Ningbing.
That large overseas order gave his company wings to fly, allowing its market value to exceed one billion.
Now that Wu Tao has personally broken his wings, coupled with external attacks, his family is naturally collapsing even faster than the Bai family.
In just one week, He Qiang went from being the president of a company worth 1 billion yuan to a deadbeat burdened with 200 million yuan in debt.
Bai Ningbing was watching a news report on TV in that dilapidated three-bedroom apartment about how He Qiang's company went bankrupt.
Bai Fugui and Hu Jing are no longer as composed as they used to be; they complain and regret every day.
As the culprit behind all this, Bai Ningbing became the target of Bai Fugui and Hu Jing's venting.