Chapter 766 She’s the Snapping Turtle

• The Murong family owned over a dozen publicly listed companies, and their Hundred Phoenix Group as a whole was also publicly listed. For listed companies, profits aren’t the key. Hyping things up to investors and the financial market is what pushes the market cap.
• So for most listed companies, spinning a good story is their real job.
• If they fell out with PG Group over tens of billions in profit, the company’s market cap would surely drop. By then, the loss in market value would be way more than just a few dozen billion.