Gu Bai modestly smiled and said, "Uncle Wang, you flatter me. Actually, investing in the entertainment industry and film theaters was just a whim. You all know, the entire foundational structure of the Black Swan Group was acquired with real gold and silver.

Looking across all sectors in Hua Country, apart from the entertainment industry where money can pave a way, having money alone in other industries is not enough."

What Gu Bai said reflected his true thoughts: with his 20 billion yuan, he could stir up the entertainment industry as a giant capital player, but using this money to do something tangible wouldn't create much of a ripple.

A common brainwashing tactic by online marketing accounts is to claim that those involved in real estate are like 'catching wolves with bare hands.'

However, anyone with a bit of common sense knows how much risk one must bear after several arbitrage deals in the real estate industry. It's not just about playing well; only a big player can truly understand it.

This indirectly proves the immense power behind real estate giants like Hengda and Wanda.

Listening to Gu Bai's insights on the entertainment industry, Wang Jianling and Xu Jiayin exchanged a glance, both showing interest. Xu Jiayin stepped forward with a smile and asked, "Then, I wonder if you would analyze the domestic real estate market for us?"

"Uncle Xu."

Mr. Gu Bai nodded to Xu Jiayin before continuing, "If the elders don't mind my shallow knowledge, I'm happy to say a few words."

"Please go ahead, there's no need to take it too seriously; it's just a casual chat."

"Then I apologize for any inadequacies."

"To summarize our Hua Country's real estate industry, you can use four words: 'supply exceeds demand.' "

However, this phrase is rather general. There's a severe shortage of residential land in first-tier cities, unmatched by housing demand. Population loss in third- and fourth-tier cities continues, while new housing keeps increasing, leading to severe resource and spatial mismatches. There's a shortage in first-tier cities but excessive supply in third- and fourth-tier cities; thus, simply stating that the market supply exceeds demand is inaccurate. Therefore, future housing prices might polarize, no longer merely rising.

For the Wanda Group, this doesn't have a significant impact, and judging by Uncle Wang's actions, he seems to have anticipated the upcoming real estate storm and has been reducing his heavy assets.

But Uncle Xu might find it harder to extricate himself..."

Some things don't need to be explicitly stated in public.

The core business of the Hengda Group is still real estate, and in 2021, it faced a major crisis, forced to reduce 300 billion in interest-bearing liabilities within a year.

Despite efforts, it was a case of mending the fold after the sheep had been lost, with market capitalization plummeting and many rumors of impending bankruptcy reorganization.

After Gu Bai finished speaking, both Xu Jiayin and Wang Jianling's perception of him changed.

They had no idea Gu Bai came back from 2021. Four years later, these bits of information could easily be found online, but it's 2017 now. Gu Bai spoke with such certainty that even the real estate industry elites didn't dare to be so confident. And looking at Gu Bai's demeanor, this young man seems assured, as if his words were sure to come true.

Principal Wang, standing by, also seemed to be seeing Gu Bai for the first time.

Previously, Gu Bai had never shown any commercial acumen, solely investing and spending, using a business model that even a fool could navigate.

But after his speech, Principal Wang's impression of Gu Bai changed instantly. As one of Wanda's directors, he had some knowledge of the real estate industry, and Gu Bai's words were well-founded, far from baseless.

Two minutes later, Wang Jianling eased his expression and smiled, "This title of young leader, Gu Bai, you truly deserve. With your business insight, it won't take long for you to reach the level of us old fellows, or even surpass us."

Gu Bai: "Coincidentally, our group's goal for 2018 is to invest in the real industry and shift the group's focus. I hope we can have a good start with Uncle Wang's blessing."

While Gu Bai was joyfully conversing with several bigwigs, a group of middle-aged men and two elderly individuals emerged from the hall.

The middle-aged men were also in suits, while the two elderly were dressed in Zhongshan suits, just like Gu Bai, but the difference was evident; Gu Bai's suit appeared luxurious, while the two elders wore simple attire.

Yet, even in such ordinary clothes, the two elders exuded a unique aura.

The audience seated in the back could only see a silhouette from afar, but those in the front row, all wealthy or noble, even if they weren't acquainted, there was no mistake about the elders and the middle-aged men.

"I thought this year's grand event would be the same as previous years, with the propaganda department's leaders just making an appearance. But to my surprise, Elder Xun and Elder Tu are also here."

"Haven't Elder Xun and Elder Tu been retired for many years? Why are they personally attending?"

"I remember the last time the top brass paid such attention to the Hua Country gala was in 2008... That year's Special Award for Moved Hua Country Figures was for all of us. It's precisely because of this that it was particularly valued. But to think that this year Elder Tu and Elder Xun would attend together... seems like this year's gala won't be ordinary."

Whispers surrounded them.

Though the two elders were aged, they were still spirited, their eyes gleaming. They sat in the center position, supported by several propaganda department leaders.

Gu Bai watched the elders take their seats, unable to stop himself from swallowing a gulp of air.

What on earth? These two super bigwigs are sitting right next to me?

This time, Gu Bai hesitated to return to his original seat.

Seeing through Gu Bai's awkwardness instantly, Principal Wang teased, "Gu Bai, the gala is about to start. Hurry back to your seat. For such a big event, if you're late, it'll be a huge mistake."

Hearing this, Wang Jianling playfully tapped Principal Wang's head, then smiled at Gu Bai, saying, "Elder Xun and Elder Tu don't have airs. Sitting with them shouldn't make you feel pressured.

Moreover, given their status, they must know who's seated beside them. The fact that you're specially placed next to them indicates a significant purpose—you should seize it.

And with your current status, you're qualified to converse with them equally, no need to be overly restrained."

Wang Jianling's words were full of goodwill. Given his position, he would have had interactions with super bigwigs like Elder Xun and Elder Tu, so his advice came from experience.

After Wang Jianling's words, Gu Bai finally came to his senses.

The person he was now wasn't the small figure of his previous life; he had the confidence to face such bigwigs. With this realization, Gu Bai gave a grateful smile to Wang Jianling.

"Thank you, Uncle Wang, for your guidance. I understand."

With that, Gu Bai bid farewell to Wang Jianling, Xu Jiayin, and the other real estate moguls, then proceeded to his seat.

Once Gu Bai left, Wang Jianling turned to Xu Jiayin and asked, "Old Xu, what do you think of this young man?"

"Incomprehensible."

Having said these three words, he continued to explain, "Being so young and holding over a hundred billion in cash flow is enough to prove a strong capital backing, likely from some covert industry, an unpublicized titan's heir.

In terms of business vision, he surpasses most young people. Judging from Elder Xun and Elder Tu's attitude, the top brass have a favorable view of him as well. To be more specific, I can only describe him with the word 'incomprehensible.'"

Hearing Xu Jiayin's evaluation of Gu Bai, Wang Jianling nodded.

That was also his opinion of Gu Bai.

Thinking of this, Wang Jianling patted Principal Wang's shoulder and said, "Siming, in future, you must maintain good ties with this little brother; he'll bring you many benefits."

Principal Wang hadn't anticipated that his father would rate Gu Bai so highly. Of all the friends Principal Wang had made over the years, Gu Bai was the only one who received Wang Jianling's approval.

"I understand."

Even if Wang Jianling hadn't said anything, Principal Wang knew it was vital to maintain ties with Gu Bai.

Especially since his Panda TV was still awaiting Gu Bai's investment.

Gu Bai, too, slowly walked to his seat.

The gaze of the two elders simultaneously fell upon Gu Bai, and an intangible pressure instantly enveloped his entire being.

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