Chapter 848 - Admitting Defeat Even Before Reaching the Obstacle

The analysis report of the Xiao Corporation’s sales in the household appliance industry that was published by Lanxin Investments Firm sparked an outrage on the internet and became viral because netizens shared the report furiously. It caused the Xiao Corporation’s stock prices to decline again. To make matters worse, Wen Xinya hired a few keyboard warriors to spread rumors about the Xiao Corporations stock prices facing a decline of 50% in the next three days.

Xiao Chengyu stood beside Xiao Zhiyuan, who was playing chess. “Father has already lost this game and the scores can’t be changed. Grandpa’s gotten better at chess.”

Xiao Zhiyuan turned pale. He was no longer in the mood for chess now that the Xiao Corporation’s stock prices had taken a plunge.

The Wen Family was still laying low and remaining silent yesterday. Yet, they gave the Xiao Family such a huge blow all of a sudden, catching them completely off guard. Wen Xinya actually used the Xiao Corporation’s sales report to show that the Xiao Family was not as powerful or capable as they used to be.

What was most shocking was that the analysis report released by Lanxin Investment Firm was indeed not too far off from the Xiao Family’s actual situation at the moment. The most terrifying thing was… the report was accurate about the Xiao Family having a bleak future.

The members of the public were no fools and soon made a response. The Xiao Family invested 500 million yuan into the stock market but did not end up saving themselves. Instead, they even let the Wen Family take advantage. Since the Xiao Family wanted to show their abilities, the Wen Family decided to stab them deeply.

Still appearing awful and upset, Xiao Zhiyuan said, “Father, the Wen Family has pulled a merciless move this time. There are lots of rumors going around on the internet that are disadvantageous to us. The Xiao Family finally got back on track and yet, our stock prices have plunged again. I don’t even know where that Lanxin Investment Firm came from. They actually have so much reputation and influence in the stock market. I suspect… that they have something to do with the decrease in our stock prices.”

The controversial rumors surrounding the Xiao Family were circulating around the internet, and they were certain that it was because of someone’s manipulation. The Xiao Family had also hired a few keyboard warriors to get rid of those rumors, though they still could not keep it under control.

He was well aware of how important an investment firm was to an enterprise. The Xiao Family had also invested in a renowned foreign investment firm.

Feeling a little hesitant, Xiao Zhiyuan said, “Father…”

Old Mr. Xiao stared at the chessboard and said, “I didn’t expect that old fogy Wen Zhihang to have such a scheming granddaughter.”

The two of them continued to chat about other matters, after which Xiao Zhiyuan stood up and got ready to go to the office. He was filled with disappointment at the sight of Xiao Chengyu. He felt that he was outstanding but not as scheming as Wen Xinya or Chu Jingnan. He felt that his son was a far cry from them.

Xiao Chengyu exclaimed softly, “I understand, Father!”