Epiphanies of Rebirth 38.1
by Eques · December 5, 2020
Chapter 38.1
How did it feel to become worth hundreds of millions overnight?
If someone were to interview Lin Jingzhe now, he might’ve replied: “I feel like I have achieved a minor step :).”
The company that won the auction was the current leader in its industry and the largest real estate company in China. Even so, this half-million square meters piece of land would be the biggest project they’d developed so far. One could imagine how optimistic they were about the future development of Yan City.
After all the formalities were completed, the “flower” at Shiku Lane fell into another’s hand. Lin Jingzhe was left with a hefty sales invoice and a nine-digit figure in his bank account.
After deducting the sum total of his loan and interest (the loan had been provided by the same bank), and adding the money from the loan that was left over, Lin Jingzhe was now worth over a hundred million yuan.
Although the inflation rate had already begun to rise—for example, unskilled workers’ incomes had nearly doubled since the mid-to-late 80s—in this era where a few hundred yuan a month was considered a high salary, the value represented by 100 million yuan was absolutely incomparable with its buying power in the future. Two decades later, when the commercial and economic development of China would be more or less mature, there could be countless small entrepreneurs worth a similar amount. At present, however, even in Yan City, there were a scant few companies whose current assets could reach a nine-digit figure.
The “land king’s” auction shook the whole real estate industry. The small and medium-sized enterprise owners’ hearts trembled when they recalled the giants constantly increasing their bids as they competed that day. When the development of this now high-profile piece of land began, attracting a fresh wave of attention, New Beginnings Real Estate got their share of the publicity as well.
Without giving Deng Mai much time to digest the news, Lin Jingzhe pushed the poor sod who had just finished his short-term business course to the front stage. As such, Deng Mai had the privilege of becoming the first employee of New Beginnings Real Estate since its inception and was probably the youngest “general manager” of any real estate business.
Although he was called the general manager, there was hardly anything to manage in the company at the moment. Lin Jingzhe’s main aim was to let him gain some experience and see the real, dog-eat-dog business world which differed from its civilized portrayal in textbooks.
This was the best time for some hands-on learning. Before New Beginnings Real Estate undertook a new project, the majority of what Deng Mai needed to do was to participate in some inconsequential social activities. During this period of time, the mistakes he’d make would not have much impact on the company, even if he screwed up a few times.
Lin Jingzhe had no choice but to train Deng Mai using this method. Of course, in these early days of the company, he’d prefer to have someone who was an old hand at business management, but from the early 90s to the early 2000s, this type of resource was extremely scarce in China—and reliable ones were harder to find than an abominable Yeti. In addition, the initial stage of a company’s development was its most vulnerable time; any senior executive admitted at this juncture could influence the culture and future course of the company to a great extent. Strangers with unclear backgrounds were inherently untrustworthy, and the waters of Yan City ran deep—if they unsuspectingly let a wolf in the house, getting devoured would be only a matter of time.
Lin Jingzhe had long stopped believing in the goodness of human nature. The misfortunes he suffered in his last life had been caused by humans, so it was inevitable that he was now extremely cautious about trusting anyone.
Fortunately, Deng Mai lived up to Lin Jingzhe’s expectations.
Some people were born with innate interpersonal skills and Deng Mai was one of them. Despite his inexperience and literally getting thrown into the deep end, he performed well on every occasion. He was tight-lipped and had an agile mind, and furthermore, he was neither timid nor battle-shy. Facing a group of wily old foxes the same age as his father, he was still able to handle them with ease, not revealing any of Lin Jingzhe’s cards or insider information regardless of how he was coaxed and pressured.
Like Hu Shaofeng and Fang Wenhao, he possessed the kind of vigor and confidence distinct to young entrepreneurs, quite different from Lin Jingzhe and Xiao Chi’s cool style. Of course, the latter were better at controlling the situation at a negotiating table, but when the negotiations took place at a banquet table, charm and wit was much more effective.
The record-breaking auction instantly pushed New Beginnings Real Estate into the spotlight. Naturally, this was a good thing and Lin Jingzhe had already foreseen this in his plans, but it also came with some downsides, like countless dinner invitations. Everyone in the industry was curious about this company which seemed to have appeared out of thin air.
Accepting invitations from the bigshots went without saying, but smaller players should not be underestimated either. The most important thing to have in the business world was a network—making your business thrive without good connections was nigh impossible.
Lin Jingzhe accompanied Deng Mai to two of the more important events. Once Deng Mai got used to them and had no trouble avoiding attempts to probe for information, he took this as an official pardon and stopped attending any events except for those where he was absolutely required to show up in person.
After all, with the company barely taking off, he had much important work to do and needed to balance it with his studies on top of that. He really had no time to spare.
After the “land king” sale, Lin Jingzhe still had one piece of land in his hand. It was the small triangular plot at the 2nd Middle Road, surrounded by residential buildings.
This parcel was not as eye-catching as the half a million square meters piece of land, but it was Lin Jingzhe’s first piece of land in Yan City which had acted as a springboard for his current success.
There were many reasons why he had taken a fancy to this land. First of all, it was small and cheap, making it the most cost-effective to use as collateral for a loan—it had a total area of a pitiful 90,000 m². In the contemporary era, most people lived in some kind of collective dwelling. Putting hutongs aside, housing estates in Yan City were usually tens of millions of square meters—basically, they were rarely small. After all, community facilities including green areas needed additional land, and this alone could easily add up to 100,000 or 200,000 m².
90,000 m² was really tiny, and on top of that, it had a really awkward triangle shape. This was why it had been so cheap and so few people had been interested in it.
But there was a second, more important reason why Lin Jingzhe had purchased it aside from it being cheap. And it was because of this reason that he’d given priority to companies in the same line of business when he’d been looking for a cooperation partner.
When the city announced its plans for the northern quarter, this reason became obvious.
After the “land king” auction, the number of companies asking Deng Mai about the sale of the triangular plot increased by ten times, and the offered price was more than four times the original six million yuan. This was because, according to the new land-use plan, the 2nd Middle Road, an artery to another urban area, would become the central street of the business district.
90,000 m² was definitely not enough to build a housing estate.
But for a commercial building, it was more than enough.
When water rises, the boat rises with it; Flux Realty had gained a huge return on their five-million investment. The terms of the investment contract put forward by Lin Jingzhe were very favorable to Flux Realty, and he even added an incredibly generous clause—if the triangle-shaped plot by the 2nd Middle Road was developed in the future, the developed property would be regarded as owned jointly by Flux Realty and New Beginnings, with both parties holding 50% of the shares.
Out of the whole contract, this clause made the strongest impression on Hu Shaofeng. For a moment, he even doubted whether Lin Jingzhe was of sound mind when proposing it since this was practically sending money to them. All that Flux Realty did was provide a five-million-yuan investment loan. Usually, the borrower would only pay back the money with the agreed interest; exchanging this for shares was like a meat pie falling from the sky straight into someone’s lap.
Hu Shaofeng had been almost completely certain that Lin Jingzhe would sell the land sooner or later, especially since the current situation in the northern quarter was different from the past. After all, the most difficult part of a real estate venture was the actual property development. Unless Lin Jingzhe was a fool, why would he give Flux Realty half of the return?
But soon enough, he realized that he had guessed wrong again. It seemed that whenever he tried to predict Lin Jingzhe and Brother Xiao’s actions, he always guessed wrong.
After the “land king” auction, the management of the two business partners, New Beginnings and Flux Realty, met again. However, the situation wasn’t the same as it was last time. New Beginnings was no longer a small and unknown company—this time, even without being accompanied by Fang Wenhao, Lin Jingzhe could stand on equal footing with Flux Realty.
Hu Shaofeng inquired if Lin Jingzhe was planning to sell the land, but to his shock, got a negative reply.
Lin Jingzhe had no intention of selling the plot by the 2nd Middle Road. In fact, he’d already formulated a complete development plan for it.
Hu Shaofeng’s expression turned dazed. Under his blank stare, Lin Jingzhe switched his conversation partner to Xiao Chi. “Of course, this development project still provides many cooperation opportunities,” he said, smiling brightly. “I think it’s not a bad idea to discuss them with Mr. Xiao in advance.”
As he spoke, he forced his gaze not to drift towards the coat rack in the corner, where a familiar leather jacket was hanging. When he saw Xiao Chi wearing it today, Lin Jingzhe’s feelings were hard to describe. He felt that the other man must’ve completely forgotten the origin of this jacket or he wouldn’t have worn it to meet him.
It was very warm in the restaurant. After taking off his jacket, Xiao Chi, wearing a greyish-green striped cardigan, reclined in his chair and quietly watched Lin Jingzhe chat with Hu Shaofeng. He keenly caught Lin Jingzhe glancing at the leather jacket several times, and his heart instantly filled with pleasure. Although he was a little unhappy that Lin Jingzhe didn’t wear the clothes he’d bought for him, he was not a petty person and wouldn’t care about such a little thing.
He had to say, he was such a great guy! Surely Lin Jingzhe realized it too since, when choosing the dishes, Xiao Chi made a point of specially ordering a large plate of brown sugar jujube pastries!
But he wouldn’t let anything show! He was the cool and silent type! Just look at how impassive his expression is!
Lin Jingzhe came well-prepared and had even brought a draft of the contract along with his proposal. At this moment, he handed it to Mr. Xiao, who just sat there without speaking, looking indifferent to everything, including the meal.
After looking through the draft contract and project proposal, Xiao Chi’s attention finally shifted away from Lin Jingzhe.
Expression sombre, he read the two documents thoroughly, then silently handed them to Hu Shaofeng sitting next to him.
Hu Shaofeng jumped to his feet after barely taking a few glances. “Mr. Lin, you never said anything about this before!”
“Mr. Hu, please finish reading first,” Lin Jingzhe said with a smile. “To a businessman, profit comes first, but don’t worry—even if we don’t agree to cooperate, your company won’t be affected.”
The more Hu Shaofeng read, the less calm he was. Moments ago, when he’d learned that Lin Jingzhe didn’t intend to sell the land, he’d thought that Flux Realty was going to make a huge windfall. Now, he realized that Lin Jingzhe was far more capable than he had imagined.
Except for the proportion of the shares, the old and new contracts shared almost no similarities.
Moreover, the new contract was very audacious. It demanded that Flux Realty, which according to the first contract only needed to collect profits, now needed to make a significant initial investment.
New Beginnings Real Estate planned to use the triangle-shaped plot with an area of less than 100,000 m² to build a mixed-use building combining retail space and office space. It could be considered a brand-new concept in current-day China. The scale of the project was impressive—and the most important point was that the build-up area was no less than 120,000 m².
But where did so much space come from? Even including all the little nooks and corners, the area of the triangle-shaped land added up to only about 95,000 m².
All smiles, Lin Jingzhe said, as if this was perfectly reasonable, “Isn’t the Lot No. 5 next to it in Flux Realty’s hands? I think the small residential buildings along the edge can be removed. If the triangle turned into a rectangle, wouldn’t the area be enough?”
A rectangular plot was indeed the most suitable for constructing a high-rise building, but what the hell? Why should Flux Realty cut off a chunk of a perfectly good piece of land and donate it to a project where they would already own shares anyway?
And this wasn’t even the most audacious part. On the grounds that New Beginnings was a newly established company and still lacked dependable contractors to cooperate with, Lin Jingzhe directly pushed at least two-fifths of the subsequent development and construction of the building to Flux Realty.
Hu Shaofeng was struck dumb. Was Lin Jingzhe delusional?
He put down the contract. After a long silence, he said with difficulty, “Mr. Lin, is this your idea of a joke?”
He glanced towards the head of the table. It was quite obvious that Xiao Chi was thinking; he was passing the prayer beads through his fingers, staring at Lin Jingzhe with an unreadable gaze through slightly narrowed eyes.
Hu Shaofeng interpreted this look as “scrutiny.”
Lin Jingzhe spread out his hands, his expression unchanged. “The contract is all here, and it’s as clear as day. Why would this be a joke? If Flux Realty agrees to cooperate, then let’s sign it at the dinner table today.”
Hu Shaofeng was speechless. He thought he had heard the funniest joke of the year.
“Mr. Lin, if memory serves me right, our previous contract is still valid, isn’t it?” Xiao Chi asked.
Lin Jingzhe nodded. “Of course.”
“Then Flux Realty already holds a 50 percent stake in that land,” Hu Shaofeng couldn’t help but interject. “Why should we cooperate with you and pay so much when we effectively gain nothing?”
Translator: Eques
Editor: Austera. Luoshenhua
Consultant & proofreader: Austera
Eques:
This isn’t dropped this isn’t dropped this isn’t dropped…
I apologize for such a long delay 🙇♀️—the situation being what it is, real life has to take priority sometimes. 😔
Of course this isn’t dropped. Who said this is dropped? It’s the end of the year now, people are getting busy, so of course there’s gonna be a delay.
It’s alright.
Take your time.
Remember to keep yourself healthy.
Thank you for the update ❤️
I’m reading this in the middle of the night and I’m sleepy, so I don’t have anything to say about the story.
Just… Xiao Chi’s brain hole is quite exceptional.
I’m just glad Eques is back~! This bookmarked page on my list had almost grown roots and sprout flowers, haha! 😊 Thank you for your update!
Yay~! New chapter!
Thank you for the update!
i’m not sure how much time has actually passed, but it feels like Xiao Chi has been wearing that leather jacket for such a long time )) … he actually turned out to be a lot more adorable than i pictured him to be at first — the effect of Lin Jingzhe i guess 😏 /// i’m also curious about the latter’s life prior to his rebirth tho … from the bits we got so far it doesn’t feel like he had a very good time 😐 thank you for the great translation and remember to take good care and… Read more »
Thank you for the update. Excitement was over the roof again for this one.
Oh no it ended so soon I need more:(
I really missed their interactions and I hope there will be more and more. Everything seems so interesting amd I hope LJZ gets all the success he deserves!!
Thank you so much for the update it made me happy!
This novel has a good balance between economic history and ML being cute in his own head 😆
Thanks for the chapter!!!
Thanks
I’m shocked that XC didn’t think about LJZ’s cute teeth this time lolol He was too smug about the jacket xD
Thx for the ch \(≧▽≦)/
And as you said, RL comes first.
Xiao Chi is adorable.
Take your time. Real life is always a priority.
Thank you for th update.
Thank you for the update! XC’s internal monologue really cracks me up.
Thank gosh for your commitment!! Love you and your hard work!!
Hahahahaha, XC and LJ’s brains are wired differently from the rest of the characters. I am simply loving XC’s internal monologue and thoughts, pfft. Looking forward to these two’s relationship development.
Also, thank you for the translation and update. Take your time and please keep safe and healthy.
I just reread this ch!! Xiao Chi is precious and I love this story<3 Thank you so much!