Wealthy started from setting up street stalls

Chapter 306

On May 28, DM company issued an announcement.

DM Company fully acquired Huihui Jewelry at a price of 230 billion.

So far, Huihui Jewelry, which has a brand for more than [-] years, has completely disappeared, and all its stores, including the design team, have been brought under the control of DM.

Such a news shocked many people.

DM really bought Huihui Jewelry, and it was a wholly-owned acquisition. Such a large-scale acquisition is really rare in the capital market.Where did Chen Dong get the 230 billion?
This is the first thought of many people who know Chen Dong.

More people still care about the stock of DM company.

That's right, DM has been short-selling before, and the continuous price limit has made many people lose confidence and patience in DM's stock price, even though the stock price has risen a lot recently.What now?

You must know that this is a 230 billion acquisition. After the acquisition of Huihui Jewelry, DM's position in the jewelry industry will undoubtedly be further consolidated and expanded.

Huihui Jewelry has more than [-] stores in Shanghai, what about stores in other places?The number exceeds one hundred.

Such a large group of stores have all become part of the DM company. In the past, some people said that DM was just trying to sell dog meat, but now?
Including the 130 stores in Jingzhou, DM now has more than [-] jewelry stores. Does anyone think so?
Of course, the most direct stimulus from this news is the stock price of DM company.

When the market opened that day, the stock price was firmly nailed to the daily limit.

Now everyone is not concerned about the daily limit, they are all guessing how many daily limit will be raised this time.

According to the current situation, the market value of DM company breaks through [-] billion is close at hand.

Chen Dong's phone rang non-stop from morning to night.

Before it was people like Wang Xiaoyu and Luo Sicong, then some friends around him, and then many news media wanted to interview him.

Chen Dong had no intention of putting himself in the spotlight, and all these interviews were delegated to Yuan Ruicheng.

Just as the stock price of DM company was soaring, the American stock market far away across the ocean was hit hard.

It turned out that the previous European flu had spread to the United States. Because the government did not pay enough attention, the speed of the spread of the flu was accelerated, and the virus mutated during the spread, causing many people to die due to lack of effective treatment.

The first thing the pandemic hit was the US medical system, and then the economy.

In just a few days, the U.S. stock market experienced circuit breakers four times.

You must know that in the history of the US stock market for more than 100 years, it has only appeared four times, and it has appeared four times in two days.

It is not an exaggeration to describe it as a stock market crash.

The stock market is mourning, and even some virtual currencies such as Bitcoin have not been spared.

Bitcoin plummeted 50% in two days, and Dogecoin plummeted 60% in two days.

Seeing this news, Chen Dong was overjoyed.

Currently, there are still 800 billion in funds on hand, which is about 150 billion when converted into rice dollars. Can you take this opportunity to attack the Gu Group?

Although he had this idea in his heart, Chen Dong also understood that 150 billion yuan was nothing in front of others, but it would not be Chen Dong's character if he didn't do anything at all.

Children's Day on June [-]st.

DM's stock price is 52 yuan, and its market value exceeds the [-] billion mark.

According to this price, Chen Dong's net worth exceeds 500 billion.

Of course, this 500 billion is only seen by the outside world. Chen Dong has already been worth hundreds of billions.

At the same time, on the other side of the ocean, the stocks of the three listed companies under the Gu Group all hit record lows.

June fifth.

DM company announced again that the company acquired 150 stores of Cartier jewelry in Jingzhou at a cost of [-] billion.The cost of this acquisition was not paid by Chen Dong himself, but the company borrowed from the bank.

A company with a market capitalization of more than [-] billion yuan doesn't have any loans at all, which doesn't seem to be the case.

So far, DM Company has more than [-] stores, especially in Jingzhou, an important city, with more than [-] stores, which is comparable to the number of stores of the industry giant Chow Tai Fook.

Such news is undoubtedly another huge stimulus to the capital market.

Daily limit again!

In one day, the market value of DM company increased by more than 200 billion.

The momentum of DM's development already has the potential to be an industry leader. You must know that even the previous industry leader, Chow Tai Fook Jewelry, has a market value of just 2000 billion, and DM has shown signs of catching up in a short period of time.

DM has become a hot topic on the Internet, and Chen Dong's net worth has also become the focus of public discussion.

Billionaires!

It seems exaggerated, but Chen Dong really did it.

A 26-year-old young man went from running a night market stall to a billionaire in less than two years. No matter how you listen to this story, you will find it incredible, but it is very inspiring.

No?
Hundreds of billionaires started from setting up street stalls. The story itself has too many legendary colors.

What the public appreciates most is that this young billionaire is very low-key and can hardly be seen in the media.

Campus of Jingzhou University.

Chen Xi looked at the various guesses about Chen Dong on the phone and smiled.

The legendary figure they call is their biological brother. Isn’t this proud enough?
"Wow, a 26-year-old [-]-billionaire, an absolute diamond king, I will definitely go to work in DM after graduation, maybe I have the opportunity to be a boss lady."

"It's really amazing. He's so handsome. Why do you think he's so rich? Hundreds of billionaires, how do you spend so much money?"

Hearing that someone was talking about his brother, Chen Xi became even more proud. He really wanted to call Chen Dong in front of them, and let them see that the billionaire has a younger sister who is in Jingzhou University.

A tourist attraction in Guilin.

Chen Binglu took out his mobile phone and showed it to Yu Xiuqin.

"Look, your son has transferred money to us again."

Yu Xiuqin was wearing a colorful skirt and a sun hat. How could she tell that she was 50 years old.

"I raised this son for nothing, so I know how to transfer money to you, but I haven't seen him transfer money to me."

"Drip."

As soon as she finished speaking, Yu Xiuqin took out her mobile phone and saw a reminder text message.

"Did this kid eavesdrop on it? He still has a conscience and forwarded it to me."

Chen Binglu leaned over and asked with a smile, "How many turns?"

"One hundred million."

"My son is biased, just transferred 5000 million to me."

Thanks to the fact that there is no one around such a conversation, otherwise the two of them would definitely be considered mentally ill.

Another one hundred and fifty million, which son is so awesome.

But his son is really so awesome, 5000 million is really a drop in the bucket for Chen Dong, making parents happy is more important than anything else.Now the two of them travel around like two children, and their younger sister is a top student at Jingzhou University. They are an extremely happy family.

Meng Qingshan's home in Qingshan City.

Meng Qingshan looked at the phone and smiled from ear to ear.

"Yue Ling, I think we should also learn from our in-laws. I will take you around the world."

"Daughter transferred money to you again? Look at you."

"You guessed wrong this time. My uncle transferred it to me."

"Chen Dong? How much did you transfer?"

Leng Yueling leaned over and asked.

"you guess."

Meng Qingshan sold a pass.

"1000?"

"wrong."

"2000?"

"wrong."

"Don't guess, how much is it?"

"Two billion!"

Leng Yueling: "."

"Shall we travel the world?"

"You are stupid, it's so dangerous abroad now, let's go home first."

(End of this chapter)