Chapter 116: Xu Wanting, She Did It Again!

Xu Deming now understood the entire situation.

He realized that the relationship between Xu Mo and Xu Junzhe was not as good as he had imagined. On the contrary, their relationship might be quite bad.

He remembered how Xu Mo had nearly wielded a knife against Xu Junzhe before.

And now, they hadn’t given Xu Mo a single penny, yet they could give Xu Junzhe millions or even tens of millions to start a business, supporting Xu Junzhe’s company’s development… If he hadn’t known before, it would have been fine. But now that he knew, he could feel the despair in his heart!

Especially in the field of shared bicycles, which was pioneered by Xu Mo. He had put in a lot of effort to manage this market. Yet these people wanted a piece of the pie.

Xu Mo waved his hand and bankrupted Xu Junzhe, as if it were a matter of course.

Xu Deming realized it, and Xu Wanting realized it too.

Of course, Xu Wanting had not expected Xu Junzhe to go bankrupt so quickly. It was completely unexpected to her.

When Xu Xuehui looked at Xu Wanting, she suddenly seemed to understand something. She stared fixedly at Xu Wanting, as if trying to read something from her face.

If anyone said Xu Wanting didn’t know about the relationship between Xu Mo and Xu Junzhe, Xu Xuehui would never believe it. But why would Xu Wanting…

Ah, Deverna!

Suddenly, Xu Xuehui understood. Xu Wanting wanted to stand up for Deverna.

Seeing Xu Xuehui staring at her, Xu Wanting’s eyes flickered, and she suddenly dared not meet her gaze.

Indeed!

Subconsciously, at that time, Xu Wanting was indeed in a mess because of Deverna’s matters, feeling upset and confused. On top of that, Xu Mo’s refusal to forgive her only added to her distress.

If one were to say there wasn’t a shred of wanting Xu Mo to take a good look at her state of mind, that would be impossible. In fact, when she gave money to Xu Junzhe at that time, she felt a slight sense of relief.

Though it was unconscious, looking back now, the reason she didn’t stop Xu Deming was because she wanted Xu Mo to see things clearly.

Now realizing that Xu Junzhe was easily pressed by Xu Mo and bankrupt, her heart was filled with intense panic and guilt.

What was her state of mind?

“Sister, how’s Deverna?” Xu Xuehui took a deep breath and realized her older sister wasn’t as good as thought would Indeed had? Beautiful their

“Now, what’s Deverna’s brand value? How much is it worth now?” Xu Xuehui continued.

“The market value… has dropped by over ninety percent!”

“So, Xu Mo’s slight intervention nearly pushed Deverna to bankruptcy! I feel even if the Drug Administration and other agencies provide testing reports, it’s unlikely Deverna can restore its original operational state! The damage is already done, and the image of Deverna causing cancer may already be deeply rooted in consumers’ minds,” Xu Xuehui slowly explained.

Xu Wanting hesitated for a moment, then nodded.

“Even if we resume normal operations, Deverna is barely hanging on. Without a decade or two, the entire brand may never recover!” she added.

“Then I understand!”

This was still the consequence of Xu Mo’s restrained attack on Deverna, not even a full-scale assault.

“If he wants Deverna to go bankrupt, then the attacks would likely be more severe and frequent,” Xu Xuehui continued.

“Although there are reasons involving Xu Wanting, it must be said that Deverna hasn’t gone bankrupt yet, solely because Xu Mo has shown mercy.”

Of course, that doesn’t mean Xu Wanting harbors no resentment.

Otherwise, she wouldn’t have supported Xu Junzhe.

Understanding her elder sister, Xu Xuehui felt only sadness. Wasn’t she once like this too? No wonder Xu Mo has yet to forgive them.

…

At this moment, Xu Wanting was in a state of great confusion.

The Deverna matter was already enough to upset her greatly, and now Xu Junzhe suddenly going bankrupt made it even harder for her to accept herself.

Most importantly, Xu Mo seemed to know everything.

…

“What has Xu Mo been up to lately?” Xu Deming picked up a cigarette and took a deep drag. Lately, he’d been smoking a lot more.

He felt like one misstep led to another!

“He’s working on an online shopping platform called Pinduoduo, which is currently gaining popularity on messaging apps!” Xu Wanting had a keen business sense and had been investigating Xu Mo’s activities.

“And it seems he’s already succeeded in securing funding again!”

She continued speaking.

“Oh? An online shopping platform?” Xu Deming exclaimed.

Xu Wanting nodded. “However, many media and investors are not optimistic about this project! They think it’s impossible for them to carve out a piece of the online shopping platform domain. Even if he manages to do something, it won’t be substantial! That’s my take on it too.”

“What about ‘Price Slashing’? What’s that?” Xu Deming was unfamiliar with these terms.

“It seems to be a bargain-cutting model to attract customers on the online shopping platform! It’s quite popular, and many WeChat groups are currently inviting people to participate in price slashing and group buying!” Xu Wanting explained.

“Then why do you say he can’t scale it up?” Xu Deming looked at her.

“Well…” Xu Wanting paused briefly before continuing, “Alibaba Group and Jingdong are already dominant players, not to mention numerous other small platforms. Even if his new platform is trending, it’s hard to compete with these giants. Our investment team has assessed it, and his chances are slim.”

Xu Deming had previously placed considerable trust in Xu Wanting’s investment team, which had indeed shown foresight and profitability in their investments. So, hearing her assessment now made him hesitate slightly.

After pondering for a moment, he said, “In that case… Since Xu Mo’s prospects don’t look promising for now, let’s have Junzhe come back and learn to manage Fengxiang Jewelry. Even after a failure, it should help him become more steady and gain valuable experience.”

“Dad…” Xu Wanting hesitated.

“I know what you’re going to say! If Xu Mo is willing to come back and manage Fengxiang Jewelry, I can give him the reins! I can even offer him the position of general manager! But if he’s not willing to come back right now, there’s nothing we can do. We can’t count on him for the time being!” Xu Deming sighed with frustration.

“Junzhe’s judgment is actually quite good. Bringing him in should yield better results! Moreover, experiencing failure once can help him shed any arrogance and become more grounded,” Xu Deming remarked.

While he spoke, Xu Wanting couldn’t shake the feeling that this decision was incredibly harsh on Xu Mo.

After all, Xu Mo was supposed to be the most talented person in the Xu family!

Yet, he was left out of everything.

Even when the family provided funding for startups, he didn’t receive a single penny.

Reflecting on her previous actions, Xu Wanting felt deeply ashamed and couldn’t meet Xu Xuehui’s gaze.

“I’ve done it wrong again!”

…

Junzhe’s bike-sharing venture has now entered the bankruptcy liquidation phase.

Junzhe’s response was still very decisive.

Having obtained permission from Xie Bingyan and Xu Deming, realizing the project was beyond salvaging, he directly announced bankruptcy.

I wonder if he can get his deposit back in full?

Considering he’s a young master of the Xu family, he shouldn’t lack money, so he should be able to get it all back.

But…

It’s a pity, a real pity. He ultimately didn’t make it big. If only he had succeeded on a larger scale, and then been exposed, that would have been great.

Maybe he could have dragged the Xu family down with him.

Xu Mo felt a sense of satisfaction in his heart.

Another piece of good news came along: Junzhe has started to join Fengxiang Jewelry.

Thinking about it seriously, this timeline does make sense.

The reason Xu Mo wasn’t in a rush to deal with Fengxiang Jewelry was because the time wasn’t right. He was waiting for Junzhe to start joining.

Now that he’s joined, it couldn’t be better.

Today was a joyous day worth celebrating. Xu Mo invited Tang Lei and others over to have food, drinks, and sing songs.

In addition, a letter of invitation arrived in Xu Mo’s hands.

Xu Mo and Tang Lei opened it and found it was an invitation to attend the World Internet Conference.

The location? Wuzhen!