Losing Money to Be a Tycoon

Chapter 1057: Where Are My Huge Quantity Of Backup Stocks?

May 22nd, Tuesday...

The last day of Tengda’s 515 Games Day.

Pei Qian was in a good mood. He arrived at the office early in the morning and waited for Assistant Xin to report to him.

He should have found a buyer for that building, right?

Logically speaking, the area where the new Sloth Apartments was in was not bad. In addition, Liang Qingfan had personally designed the renovations and the reputation of Sloth Apartments. It would be a good choice to sell or rent them after buying them.

In order to complete the transaction as soon as possible, Pei Qian did not ask for a high price. The entire price was still within a reasonable range. Many companies, especially real estate companies, would probably be interested in buying it.

However, Assistant Xin still did not come after waiting in the office for a while.

“Eh, what’s going on?”

Pei Qian was a little puzzled.

Assistant Xin was very reliable. If she had found a suitable buyer, she would definitely report to him immediately.

She had not found a buyer yet? That was impossible, right?

Pei Qian vaguely felt that something was amiss. He immediately called Assistant Xin to ask about the current situation.

Assistant Xin reported truthfully. “Boss Pei, I contacted a few real estate companies yesterday. They did express their intention to acquire it.”

“However, when I went to confirm it today, they all said that they changed their minds after some consideration and gave up.”

“We’re still contacting new buyers.”

Pei Qian frowned, confused.

No one wanted this building?

That can’t be. The location of this building was not bad, and the asking price was not high, right?

This was because he didn’t have money in his pocket. He would have bought it himself to collect rent if he had so much Personal Wealth.

Wasn’t it nice to be a landlord?

However, on further thought, he realized that while this building was not bad, every company might have their own problems. For example, they might not have that much money, or they might need money for better projects. It had only been less than a day since the news was released. It was normal that they had not found a suitable buyer.

After all, normal second-hand houses would not be sold in a day. They would have to wait a few days.

At that thought, Pei Qian said, “Alright, let’s continue looking for buyers.”

Pei Qian was at a loss after hanging up.

He had thought that he would be able to hear the good news of the building being sold at work today and continue to plan the next round of burning money. However, his hopes had been dashed.

He did not know what to do now.

After some thought, he decided to surf the internet to see how the players would react.

After all, today was the last day of the 515 Games Festival. All the money-burning activities from before had ended today.

Pei Qian wanted to see if gamers had any opinions or suggestions on the 515 Game Festival. He wanted to see if he could think of a new way to burn money. Once the building was sold, he could immediately plan the next stage of the burning money plan.

The gamers became even more enthusiastic after secretly revising the probability of the 515 Game Festival over the weekend. There were discussions about the 515 Game Festival everywhere.

Most of the players did not have enough of it but they were more or less satisfied.

After all, the 515 Games Day event had been going on for an entire week. It might be very satisfying to pull wool but it would be tiring to continue doing so.

If they wanted to get a reward, they had to go online and play games. It was a little difficult to play games every day.

All in all, the response to the 515 Games Festival was very good. The players were very happy.

Pei Qian was very happy.

Perhaps this was a win-win situation!

However, as he flipped through, the smile on Pei Qian’s face disappeared and was replaced by a serious expression.

That was because he saw an unexpected discussion!

A post with the title ‘I heard that Tengda’s capital capital chain is having problems and they were selling buildings’ appeared very out of place among the posts on the 515 Games Festival. However, it had received hundreds of replies in a short ten hours since it was published yesterday. It was very popular!

“I heard that Tengda’s funds seem to have run into problems recently. They’re selling buildings! There are many sources that can be used as evidence. That’s definitely true!”

“How can that be? Didn’t Tengda make a profit from the recent projects?”

“They earned it, but they haven’t gotten their hands on the money yet! The key to Mission and Choice has been delayed, and the stock of the smart fitness drying rack has not been emptied...”

“I’ve heard about the sale of the buildings. What’s more, they’re selling a newly renovated building of the Sloth Apartments. They’re obviously trying to kill the goose that laid the golden eggs! Who would do that if not for the tight finances?”

“I have a friend who works at Tengda. It seems to be true. Many Tengda employees don’t eat snacks and save money for the company.”

“Tengda is already facing difficulty and they’re still setting up the 515 Games Festival? They even increased the chances of the event?”

“This is bad. The fleece is comfortable, but what if the fleece dies?!”

“Nothing must happen to Tengda! This is the hope of domestically-produced games. If it really collapses, wouldn’t we be back to the dark times of many years ago?”

“Not to the extent of the Dark Age, but it would definitely be a loss for the domestic players, no, a huge loss for players all over the world!”

“It’s not just games. Tengda’s movies, digital products, and physical industries are all industry benchmarks. If something really went wrong, the losses would be huge! It’s unimaginable!”

“I’ve wasted so many benefits of Tengda. I can’t sit back and do nothing now! I’ve decided to buy a few more games to support it!”

“I’ll buy a smart fitness drying rack.”

“I’ve been eating Fish-Catching Take-Out for the past few days!”

“I’ll spend on a few skins to support GOG!”

At first, many people did not believe that Tengda would have any financial problems. After all, Tengda was developing quite well from the current information. All sorts of projects were making money.

However, more and more netizens joined in the discussion. Many of them knew Tengda’s insiders and Jingzhou’s local businesses. They confirmed that Tengda had indeed encountered some difficulties recently and was selling buildings!

Thus, the players could not remain calm.

The 515 Games Day was not over yet. Almost all the players had received Tengda’s favor. Now, they heard that Tengda had no choice but to sell the building’s funds to distribute benefits to the players. How could they allow it?

Netizens decided that they would invest money and put in effort. Even if they had to spend a few yuan to buy a skin, they would do their best for Tengda.

G1 cell phones, which had just started production and resumed supply, were about to run out of stock.

Pei Qian was stunned as he watched the idiotic netizens discuss.

What’s going on?!

Were these gamers crazy?!

I’m just doing business normally. Selling buildings is purely normal for cash flow. Why do I feel like these gamers are like company shareholders, more concerned than me!

How could Tengda have so many spiritual shareholders?

Pei Qian had an ominous feeling. He quickly opened the official website of Otto Technologies and checked the G1 cell phone’s website.

Indeed, they were sold out!

In fact, G1 cell phones were sold out the day after the news conference. However, Otto Technologies immediately made a second batch of stocks. They had been sold again some time ago.

This way, he could stock up and sell at the same time. Finally, he could hand over all the cell phones that he had pre-ordered and ensure that he would not have to ‘play the monkey’ anymore.

Yet, they were sold out again!

Pei Qian endured the pain in his balls and opened the webpage for the smart fitness drying rack again.

He refreshed the page and saw that there were still 12 units left.

He refreshed the page again. It was sold out!

Pei Qian felt light-headed.

He leaned back in his chair, feeling drained.

“My smart fitness drying rack!”

“I had so many stocks!”

“Where are they?!”

Pei Qian was so angry that he thumped his chest and stomped his feet.

Pei Qian had originally thought that not many smart fitness drying racks could be sold. Thus, in order to spend more money, he had asked Otto Technologies to prepare as much stock as possible. He had filled up Tengda’s warehouses in Jingzhou with 10,000 units.

That was 10,000 units!

Pei Qian remembered that two days ago, even though they were selling very quickly, there were still thousands of stocks that had not been sold. Why were they sold out today?!

Were gamers that ruthless?

Or were they... bought by someone with ulterior motives?

For example, the scalpers?

He quickly searched for the keywords’ smart fitness drying rack’ on the internet and checked the netizens’ discussions.

“F*ck! I was just about to buy a drying rack to go home and work out, but it’s sold out?!”

“There aren’t many of such large items. It’s normal for them to be sold out.”

“That’s not normal at all, alright? Didn’t Boss Chang say at the news conference that he had prepared 10,000 units and that they would not be sold out?”

“The drying rack became popular after the release of the ‘Fitness Battle’. Many streamers and UP Masters are broadcasting it. 10,000 units aren’t that many when compared to the population in the country.”

“I feel like something’s not right. There’s no limit to the purchase of this thing. It’s most likely being targeted by scalpers!”

Those netizens who did not manage to buy the smart fitness drying rack were speechless. They scolded the scalpers online.

Pei Qian’s first reaction was the same as the netizens. He felt like he had met a scalper!

After all, the smart fitness drying rack was different from G1 cell phones. G1 cell phones had a limited purchase policy in order to prevent scalpers. However, the smart fitness drying rack had no restrictions because Pei Qian had not expected it to sell much.

However, on further thought, he felt that the possibility was low.

Which scalper would scalp something like that?

The scalpers preferred to sell small items like concert tickets or cell phones. After all, these items were expensive and did not take up much space. The profits would be considerable.

The smart fitness drying rack was so huge, wouldn’t it take up space?

Where would the scalpers who bought hundreds of them place the items? Wouldn’t they have to rent a huge warehouse to be able to store them? They would also have to fork out a sum of money for the delivery fee.

Of course, the premise of this speculation was that the profits from the smart fitness drying rack were not high.

If the profits were very high, the scalpers would definitely be able to overcome the difficulties and stir-fry.

Pei Qian hated scalpers very much but he was secretly looking forward to the scalpers doing it.

That was because if it was not a scalper, it would mean that the smart fitness drying rack was too popular and sold out!

He had to investigate thoroughly!

Pei Qian immediately called Chang You and asked him to check the order records of the smart fitness drying rack to see if there were any signs of scalpers.

Not long after, Chang You replied. “Boss Pei, there are indeed signs of scalpers.”

“The records show that there are several large orders.”

“The biggest two of them bought 2,000 smart fitness drying racks.

“There are also a dozen or so smaller ones. Some bought dozens, some bought 200 to 300.”

“If we exclude the possibility of bulk purchases, it’s most likely the scalpers causing trouble.”

“Comparatively, these dozens of orders are more like scalpers. These two orders bought 2,000 units directly... I don’t know who they are. Logically speaking, it’s impossible for ordinary scalpers to have such a huge sum of money.”

“I’m sorry, Boss Pei. I was negligent this time. I thought that the price of the smart fitness drying rack was so high and it would be inconvenient to transport it. No scalpers would target it, so I did not specify the relevant restrictions...”

“Boss Pei, what do you think we should do now?”

“Should we continue to increase the stocks according to the previous method?”

Visit and read more novel to help us update chapter quickly. Thank you so much!