What do you mean by quitting the business? I'm not a big shot.

Chapter 616 Little Genius

Deng Yu asked, "Two billion is quite a large sum. Mr. Yin has the guts. Does your company have a new project underway? May I ask how many acres of land are needed and in which village or town?"

Yin Zhaotang said, "Pingshan Township, 500 mu, Lao Zhong is willing to purchase the land at HK$100,000 per mu."

Liu Huangfa exclaimed in surprise, "Five hundred acres? Mr. Yin, are you kidding me?"

Five hundred mu (33 hectares) is enough to build an industrial park for 10,000 people and house hundreds of companies. Pingshan Township has less than a thousand mu of leveled land; selling half of it is equivalent to swallowing up the entire wealth accumulated by Deng Qiannian of Pingshan!

Even the most prime locations in Tin Shui Wai have to be sold.

The HK$50 million transfer fee was not enough to satisfy Deng's appetite.

However, industrial land is different from residential land. If you want to speculate on land and sell houses, you can't even think about it without a million yuan per mu.

The price offered for building an electronics industrial park is quite high, showing great sincerity. This is because, to complete the 500-acre industrial park, Pingshan Township will be urbanized within five years, no, within two or three years.

Furthermore, the electronics factory has very low environmental pollution and will not affect the villagers' farming and daily life. At that time, tens of thousands, or even hundreds of thousands, of migrant workers will live in Pingshan, bringing astronomical economic benefits.

Back then, building expressways to the city center and subway stations was a piece of cake. Building a cross-sea bridge from Tin Shui Wai to Sham Shui Po was no problem either.

Yin Zhaotang lit a cigarette and said disdainfully, "Do you think I'm joking with you about two billion? Or do you think Lao Zhong can't come up with two billion?"

Liu Huangfa chuckled and waved his hand: "No way, it's a prime piece of land in Central, a single building costs more than two billion. I believe he'd invest two billion to build a factory, but I don't understand what Mr. Yin is planning."

Deng Yuju, seated at the head of the table, leaned on his wooden staff and nodded, saying, "Mr. Yin, five hundred acres of land, half of Pingshan. If we really sell the land to you, it's like gambling with the Deng family's thousand-year-old heritage."

“Many plots of land are still divided among the villagers. To reclaim the land in a regulated manner, there must be a reason that will make people willing to accept it.”

"Therefore, Mr. Yin, please provide some details: what products does the electronics factory plan to produce, and what are the plans for the industrial park?"

Yin Zhaotang was prepared. He had Huo Zhengting bring the product brochure and explained it to everyone on the spot. The electronics industry had established itself, so there was no fear of anyone copying the product. Without technological reserves, research talent, skilled workers, and production lines, not even a counterfeit could be made.

"Grandpa, Grandpa, from a technical point of view, this new product is called a microcomputer. It belongs to the same technology chain as the computer used for trading stocks."

"But the computing power is much lower, and it can only run small applications. For example, inserting a storage stick and loading a game." Huo Zhengting had talked about many real estate and financial projects, but this was the first time he was promoting an electronic product. He spoke eloquently and with great enthusiasm.

Hong Kong's electronics industry was too weak, and only by following Mr. Yin could he possibly participate in the competition in the international market. Being able to step out of his parents' field and expand into a new industry gave him an unprecedented sense of excitement.

Fok Chung-ting said passionately, "Of course, the game market is too small. Chung Wah Electronics is a latecomer and it is difficult to compete with Japanese companies. Nintendo's third-generation game console may seem small in size, but it has an 8-bit processor."

Many people present know the management of Chung-Ho Electronics and are aware that Chung-Ho Electronics began imitating Nintendo game consoles two years ago.

Just like when they copied Sony's Walkman, they copied the product line of Japanese companies.

The market for game consoles is far smaller than that for Walkmans, and without lowering the cost of chips to run games, a price advantage cannot be achieved.

In the end, "Zhonghe Game Machine" faded into obscurity, becoming a failed project.

Fok Chun-ting said, "In order to get ahead of the competition, while the research and development department tackled the technical challenges, the product department began to change its approach. They designed several literacy games, which were very well received in street tests."

"Finally, the company decided to name the product 'Little Genius Learning Machine,' which, with a keyboard, cost only HK$300, yet combined learning and entertainment." This is actually the famous "Little Tyrant," but last year, Little Tyrant established a company in mainland China and is helping Taiwan promote the "LASER-310 computer."

The LASER-310 computer had an embedded operating system, which could write simple BASIC, C/C++, and Java programs, and was the predecessor of the learning machine.

The creation of Subor (小霸王) had elements of imitating Taiwanese businessmen, but learning machines in Taiwan were truly used for learning, while those in mainland China were used for playing games.

Yin Zhaotang simply adopted the new name "Little Genius," which better suited the image of a Hong Kong businessman. Furthermore, he focused on technological breakthroughs along the path of learning machines, eventually illuminating important fields such as PCs, laptops, and mobile phones.
Making this the flagship product for the major expansion of the electronics industry was a decision he made after careful consideration.

After hearing the introduction, Deng Yu's face showed even more absurdity: "Using the name of an educational machine to sell game consoles?"

Liu Huangfa thought to himself, "What a cunning bastard!"

None of us here are naive; we all know that whether a product sells well or not has little to do with how well it works, but rather a lot to do with whether there is demand for it.

A consumer product that appeals to both parents and children is bound to be in demand. Surveys conducted during product testing showed a purchase rate as high as 70%.

Almost everyone could have imagined the explosive popularity of Xiaotiancai after its launch. In terms of gaming performance, it couldn't compare to Nintendo, but in terms of the sales volume of educational machines, Nintendo couldn't compete with it either.

According to statistics, in the mainland market alone, from 1991 to 1999, the cumulative sales of Subor learning machines exceeded 2000 million units, with a peak sales revenue of one billion yuan.

Since its listing, its performance has basically doubled every year, making great strides!

The project's potential market is enough to propel Chung-Ho Electronics into the top tier of Asian electronics, enabling it to launch new products and compete with the Japanese and Korean electronics industries.

The five elders of the Deng family exchanged glances. It was absurd as it was, but they couldn't help but be tempted.

It's good to do business with a shrewd businessman like Shenxiantang!
You can earn money.

If the new factory is successful, the 500 acres of land it sells could drive up land prices in Tin Shui Wai by two to three times. With wealth following the people, it will be a continuous stream of income, and it wouldn't be surprising to earn tens of billions.

As the eldest son's father, Deng Yu readily agreed: "Mr. Yin's new project has extraordinary potential, and the Deng family has even greater confidence in your company's management capabilities."

"Give the Deng family three months to acquire the land. As long as the payment arrives on time, it will not delay Lao Zhong's commencement of construction."

Yin Zhaotang nodded with delight: "Once the contract is signed, Lao Zhong can transfer 20 million to help acquire the land. The remaining amount will be settled after the contract is signed."

"To ensure the project goes smoothly, I have a small request."

Deng Yu said politely, "Please speak, Mr. Yin. As long as it is within Deng's power, I will not refuse."

Yin Zhaotang revealed his true intentions and offered his terms: "I hope that you, sir, can lend Uncle Liao a hand during the upcoming elections for the New Territories Rural Council next year."

Liu Huangfa looked horrified, suddenly realizing that his position was in jeopardy.

Deng Yu, Deng Wen, and others were even more surprised that Shen Xiantang was actually aiming for the position of chairman of the Heung Yee Kuk.

(End of this chapter)