Reborn in the Millennium: Building a Fortune from Fishing

Chapter 625 Tianhu’s Beginning
In just two years, Qin Dahe's silver carp and bighead carp bait has emerged as a dark horse, wiping out corn and earthworms.

Everyone's attention has started to turn to the expensive bait, as the thrill of a large catch is incomparable to saving money.

In this situation, all fishing tackle manufacturers are happy to have a "breakthrough" company emerge, which is why everyone is friendly towards Dahe Fishing Tackle and even takes the initiative to accept it.

The current fishing tackle market is too small. It needs to make its voice heard and expand its reach. Otherwise, it can only wait for the economy to take off, and who knows how many manufacturers will go bankrupt in the process.

"I can even help you persuade manufacturers to join Taobao, which is about to open, so that fishing tackle shops can place orders through Taobao and generate no less than 200 million yuan in actual orders every month."

For fishing tackle manufacturers, inflating data is incredibly easy; they simply have fishing tackle stores place orders online.

Initially, transactions are still conducted via bank transfer. There's no need for online banking or bank cards; providing a transfer order number is sufficient to prove it's an actual order.

Most manufacturers will not object to this move, because while boosting data, it also consolidates fishing tackle shops.

For example, Qin Dahe controls nearly 200 fishing tackle shops, which is quite a lot.

There are many different names for Dragon King Hatred, Old Ghost, etc., but most of them do not overlap.

Once everyone goes to Taobao to select goods and place orders, it's not only simple and convenient, but you can also see other sellers' products.

Neither distributors nor fishing tackle shops have any intention of selling exclusively. It's like saying that if I sell Wild Blue Carp bait, I would never sell silver carp bait as well.

The norm is to stock whatever is best-selling; in the end, any fishing tackle store will have its shelves full.

If these newly added fishing tackle shops are under the control of agents, the orders will be transferred to the local agents for delivery; otherwise, the manufacturers will deliver the orders themselves.

In any case, overall sales will definitely increase significantly.

Even if sales are squeezed in some areas, it's okay; every fishing tackle manufacturer can bear these costs because the market has expanded.

Hangzhou Ma smiled bitterly. From the moment he entered the door, his momentum had been steadily declining, and he now looked somewhat dejected.

Every piece of data the other party mentioned struck him like a hammer blow.

Taobao has solved the problems of its first batch of merchants and customers, and it is clear that these merchants and customers are all high-quality groups.

It can also attract anglers who come unexpectedly, creating a virtuous cycle.

To say he didn't want it would be a lie, but since they offered too much, he didn't dare accept it.

The packaging cost of 300,000 was not even on his radar; he was thinking about what he could offer.

"Yifei, go to Jiuzi and book a hotel for me now, and arrange the banquet for tonight. Mr. Qin and I will have a good drink together tonight."

"Mr. Ma, then you..."

"I'll go in Mr. Qin's car. I'll arrive at six o'clock tonight. You can go first."

Qin Dahe didn't say anything. After the man named Yifei left, he told Xiao Zhang to go down and supervise the production.

It was obvious that this person had something to say to him privately.

The boss won't explicitly tell his subordinates to avoid it; this kind of wording is all too familiar.

"Mr. Qin, can you guarantee that you can fulfill all the conditions you just mentioned?" Old Ma asked solemnly.

Qin Dahe took out a cigarette, handed one over, lit one for himself, took a deep drag, and slowly exhaled smoke that enveloped his face, making him unfathomable.

"Since you're here, you should know what suggestions I gave Pony, and the position of Dahe Fishing Tackle in the bait market," he said casually.

You can't rush into discussing the benefits.

His original plan was to get shop 001, but when the other party's momentum waned, he decided to be less polite and brought out all his backup plans for persuading the fishing gear industry to move in, hoping to get something out of them. "My bonus at Wushang Capital this year should be around 400,000 yuan, which all the major shareholders agreed to and even requested to increase."

“My Land Cruiser below was also purchased by Wushang Capital. This is my value. My uncle only has a dozen or so percent of the shares. All of this can be verified.”

Old Ma nodded, but his anxiety grew.

The guy across from me is in the manufacturing business, but he's exceptionally knowledgeable about the internet and has the resources and channels to access it. He's a real pain to deal with.

“Then I’ll get straight to the point. I have a company in the Cayman Islands that holds 3.75% of Alibaba’s shares, and I can transfer 1.35% of them.”

Qin Dahe's breathing suddenly became rapid.

Damn, Alibaba's peak market value was five trillion RMB, even 1% of that would be 50 billion RMB.

He's already arranged a luxury yacht for himself. Finding armed bodyguards in international waters wouldn't be a problem, and he can freely enjoy fishing grounds all over the world.

Well, it seems that's not how it works. To get the final 1%, you have to go through many rounds of financing.

He realized he had lost his composure, gave a dry laugh, and took another drag on his cigarette.

What is the valuation?

"Four hundred million RMB, a very reasonable price to attract the fishing gear industry." Old Ma took a casual drag on his cigarette, finding it surprisingly strong.

This kid finally couldn't sit still anymore; he doesn't seem like a very shrewd person.

The Cayman Islands are a tax haven and an excellent place to hide shares.

Although the company holding 3.75% of the shares is under his control, the shares are not entirely his own; they are jointly held by several major shareholders.

It's perfectly normal for the financial world to have multiple layers of intermediaries; you can only maintain control of a company if you can't easily let others know your hand.

Selling it wouldn't hurt him; it would only be a fraction of a share, but in return, Taobao would gain an absolute advantage in the early stages, allowing it to overwhelm eBay within a year.

Taobao is no longer affiliated with Alibaba; it was founded by him and several senior executives.

If the website can be successfully built and then merged into Alibaba, his bargaining power will increase significantly, and the loss of a fraction of a percent in shareholding can be recovered many times over.

"Okay, I agree to this condition, but Wushang Capital will be involved in the share transfer."

Old Ma frowned. "I can just transfer it to you personally. If you don't have the money, given Dahe Fishing Tackle's reputation, you can easily get a loan of several million."

"It would be too conspicuous for me to hold it personally. At worst, I can just let Wushang Capital cover it up and transfer it directly in the Cayman Islands. Nobody will know."

He'd be crazy to take Alibaba shares. Every year, he has to fly over 10,000 kilometers to the Cayman Islands for the shareholders' meeting. It would be so much more convenient to just transfer them to his uncle's company.

If you give it to your maternal uncle, he'll definitely get his share of the benefits.

"Fine," Old Ma said helplessly.

This person is too difficult to deal with. If it were an individual holding shares, he would have too many ways to gradually dilute the shares and eventually kick him out.

But institutional shareholding is different.

We have a professional auditing and legal team, and we must notify you of even the smallest changes to the company.

Subsequent financing is also an issue, requiring a series of exchanges of interests.

But it was all worth it; Taobao had a fantastic start this time.

(End of this chapter)