Liang Yi found it hard to imagine that those black markets, lurking unseen in the shadows of nearly every city, were actually part of the enterprises under Zhou Beiqiu's command.
However, Zhou Beiqiu probably only managed the black markets within the territory of the Immortal Dynasty, with those beyond its domain likely being spontaneously organized by other super forces in the region.
Where there's light, there must be shadow. With the mainstream commerce almost monopolized by Wind God Commerce, unconventional businesses were bound to arise, and that's where the black market came from.
Because of its disorder and chaos, the early black markets were almost daily scenes of casualties. The Immortal Dynasty also found this phenomenon quite problematic as they seemed to struggle with effective governance.