Chapter 1039: You Are Also My Friend
"Shang Kaiwen is so eager to secure this man’s investment; this overseas Chinese must be very wealthy!" Bai Xiao knew all too well the opportunistic nature of Shang Kaiwen. With her personality, this was indeed an urgent moment. Bai Xiao had tripped her up so many times in this life, making her journey anything but smooth, likely requiring a large sum of money.
Jiang Shaoqing hadn’t been idle either. He had virtually forced the Shang Family into a corner, with many of their investments encountering problems, suffering repeated defeats.
In recent years, the Shang Family had significantly declined, with their business territory shrinking outside the Capital City circle.
If Shang Kaiwen wasn’t anxious to rise again, Bai Xiao wouldn’t believe it.
"Who is this person?"
It’s possible she might actually find someone foolish with too much money to invest.
"I’ve investigated this person. Bai Jingshan, currently fifty years old, was originally a native of the Capital City, the only son of the elderly Bai Wanyu. Over twenty years ago, when his parents were labeled as capitalists, he was sent down for reeducation with them.
His parents suffered various criticisms in the reform farm; after his father Bai Wanyu succumbed to illness, his mother committed suicide, leaving him alone at the farm. Just before being rehabilitated to return to the city, likely overwhelmed by the blows, he disheartenedly left with the uncle who came to find him for Nanyang, and he’s been gone all these years, founding the Bai Group.
According to the information I have, Bai Jingshan is now the president of the Bai Group, personally owning 56% of the shares, with the group’s total assets reaching 8 billion U.S. dollars.
Moreover, it’s increasing conservatively by 1 billion annually, and Bai Jingshan, reportedly highly educated and intelligent, is considered a terrifying person. Calm, wise, and ruthless, he’s been virtually invincible in the business world all these years.
Oddly, he has no weaknesses. The uncle who took him out passed away years ago, and though he once had an ex-wife, they are divorced. His daughter lives with the ex-wife.
The relationship isn’t particularly close; reportedly, his ex-wife and daughter took a substantial amount in alimony and child support. His daughter relies on his education fund for living expenses, but he never meets her demands.