A century-old wealthy family that rose from Shanghai
Chapter 530 The Story Behind the Two-Yuan Coin
early morning.
In a villa by the Hudson River in New York, Chen Wenhua woke up from his sleep, looked at his blonde, blue-eyed wife Alice beside him, and smiled knowingly.
Chen Wenhua, 34, and Alice, 31, met 11 years ago when Alice was a sophomore in college. Chen Wenhua actually had a girlfriend at the time, but they met by chance.
Even so, Alice took the initiative to pursue Chen Wenhua, and Chen Wenhua quickly fell in love with this tall and outstanding girl, especially Alice's innate cheerful personality.
To be honest, Chen Wenhua was only 23 years old at the time and was not in a hurry to get married. He even thought that Alice was just a girlfriend he was dating and would become a passerby.
However, he soon discovered that Alice had a very good family value compared to other white girls, and her father was very supportive of the two of them. So, after dating for two years, he got married and had children, ending his 'womanizing life'.
Chen Guangliang's children are all handsome and beautiful, and more importantly, they possess a 'special charm,' making them very popular with girls. Of course, the second generation's genes have weakened considerably; otherwise, his sons might have followed a pattern of one son in the family and several outside.
Precisely because he anticipated he couldn't manage it, Chen Guangliang forbade his sons from having affairs after marriage, trying to maintain the 'simple purity' of their marriages. It wasn't that he was 'forbidding the common people from even lighting lamps,' but rather that his sons' charm had diminished, unlike him who had managed to have four wives and concubines.
Of course, there are also reasons related to the times!
Looking at Alice sleeping, Chen Wenhua smiled knowingly. As Chen Guangliang's son, although his genes were indeed weakened and he wasn't as miraculous as his father, he was still perfectly capable of handling Alice.
Last night, Alice's pleas for mercy lasted for ten minutes; of course, as a white woman, Alice's physical condition was certainly better, but she still couldn't handle just one hour of high-intensity exercise.
Alice was awakened by touch, a languid smile spreading across her face: "I think I'm pregnant."
It turns out the couple was trying for their fourth child.
Chen Wenhua deliberately said, "This seems too fast. I don't want it to be this fast. You know, it's really different not having protection inside!"
Alice leaned against Chen Wenhua's chest. She was completely naked, and her ample bosom was comparable to that of her mother-in-law, Jiang Meiying, which could not be grasped with one hand.
"Honey, you wouldn't cheat on me while I was having doubts, would you?"
Chen Wenhua said calmly, "Why do you say that?"
Alice said, "I'm wondering if my charm will be gone forever after this fourth pregnancy and childbirth. And the men in your family are all superhuman; my pregnancy was actually quite dangerous!"
Chen Wenhua was taken aback, and immediately asked, "How do you know that all the men in our family are superhumans?"
Alice said slyly, "This is no secret to us. Your father-in-law is already 66 years old, but he still looks like your brother. He's in great shape! Moreover, Kelly and I have talked about this. It's obvious that you sons have inherited your father-in-law's genes and are as strong as Superman."
Thank goodness, Chen Wenhua breathed a slight sigh of relief.
The bodies of these second-generation Chen men are within the acceptable range for humans. But as far as he knows, his father's body is a secret. Not to mention that his two mothers are still young at sixty, even the abilities his father inadvertently displays make them believe that his father is their enhanced version, their ancestral body, and that they are merely second-generation offspring.
"Don't worry, I love you all so much, I would never do anything to betray you. As for my father's reasons, I hope you can understand him."
I can understand him.
Chen Wenhua was stunned again, and blurted out, "Why can you understand him?"
Alice smiled and said, "I don't know! On the contrary, I think my father-in-law deserves what he has, and I can't bring myself to dislike him. In fact, I think my father-in-law is great; he created this powerful, wealthy, and united family, and I am proud to be a member of this family!"
Yes, the charm of a father is truly inexplicable. Even his children seem to have never felt that their father was bad in the slightest since they were young.
"Alright! My father once told us, if you know you can't handle something, then you should never do it, because that's overestimating yourself. He said this to warn us to be faithful to our marriages. Like you, I never thought he was unqualified to say this; on the contrary, he was very qualified to say it. If he couldn't handle my first aunt, he wouldn't have married my mother. If he couldn't handle both my first aunt and my mother, he wouldn't have brought my third and fourth aunts into the family."
"Yes, I see. My father-in-law is doing all this to create a powerful family. We will also have four children, and we will be an important part of this family in the future."
"Now, okay, let's get up and have breakfast. I have an important negotiation today."
"Pick me up."
In the morning, Chen Wenhua and his team arrived at the headquarters of US-based SinoPac Bank.
In recent years, Chen Wenhua has undoubtedly become a rising star in the stock market on Wall Street. In 1967, he acquired United Madison, an insurance company whose market value was only US$500 million at the time. Now, nine years later, United Madison's market value has exceeded US$8 million, making it a legend on Wall Street.
The market value of United Madison surged more than a hundredfold, mainly due to Chen Wenhua's methods and vision. After acquiring United Madison in 1967, he quickly acquired a life insurance company and Taiyang Company. Later, in 1969, he timely liquidated his securities investments, and then bought back into the market at the bottom in mid-1970. He liquidated his holdings again at the end of 1972, and re-entered the market in September 1974. He seized every opportunity perfectly, becoming the 'new Chinese stock god' on Wall Street.
Moreover, in collaboration with Madison's 'Taiyan Company', they not only invented the 'highly profitable' Post-it Notes, but also products such as 'medical transparent tape', achieving great success.
"Mr. Blues"
Chairman Joel and CEO Wolfensohn of SITC Bank met with Chen Wenhua and his delegation in the conference room to discuss Chen Wenhua's acquisition.
Previously, the two teams had already made contact, but they had not reached an agreement.
At the start of the meeting, Wolfensohn said, "Mr. Blues, you have a great reputation on Wall Street, but our board has some concerns that you are using SITC Bank as a bargaining chip for 'investment'!"
Chen Wenhua remained calm and confidently stated, “Investing in Haifeng Bank is a strategic investment project for me and United Madison, and it's a win-win situation for Haifeng Bank as well. As far as I know, Haifeng Bank's profits have plummeted again this year, and its operations have encountered some setbacks. Therefore, I devised an acquisition strategy: first, I would issue a public takeover bid at $17 per share to acquire approximately 25% of the issued shares; after this step, Haifeng Bank's share price would surge by over 50%. The second step would be for Haifeng Bank's board of directors to issue us new shares at a price close to net asset value, ultimately allowing us to acquire 51% of the equity. We promise that everything will be done in the best interests of Haifeng Bank!”
Wolfensohn was immediately intrigued; Hacung Bank was currently facing financial difficulties and needed to bring in a new consortium.
Currently, Haifeng Bank's share price is only 10 yuan, while its asset value is approximately 22 to 25 US dollars per share. This situation clearly demonstrates that Haifeng Bank is significantly undervalued by the market due to poor management.
If this continues, SITC Bank may face even greater difficulties.
"After the agreement is reached, Mr. Blues, what else can you do for SITC Bank?" Wolfensohn asked another crucial question.
Chen Wenhua confidently stated, "As the sixth largest bank in New York State and the largest retail lending bank, Haifeng Bank itself has no problems; rather, it is affected by the long-term impact of inflation. If we acquire a controlling stake in Haifeng Bank, we will continue to maintain close communication with the management team to overcome the difficulties together."
Retail lending refers to loans for personal housing, car purchases, education, and other consumer goods. Given the current economic climate, why would individuals be willing to take out loans for large-scale consumption?
Therefore, instead of exaggerating, it's better to express support for the team's management.
Finally, Chairman Joel stated, "We need to discuss Mr. Blues and United Madison's acquisition proposal further with the board. Personally, I support it!"
Chen Wenhua's proposal was undoubtedly very attractive, and Chen Wenhua himself was an American citizen, or even born in the United States, so there were no difficulties in the procedures.
"Alright, let's wait for good news!" Chen Wenhua knew that these things needed to be discussed slowly, and Hong Kong wouldn't be in a hurry.
Once he controls 51% of Haifeng Bank's shares, he will no longer need to worry; if he were to transfer the shares to HSBC in the future, he would certainly make a profit.
Because in the father's plan, it was clear that HSBC needed to take the first step in global expansion, and CK Asset Holdings was just following the trend.
Also in October.
Midea Games Entertainment held an internal exhibition for arcade wholesalers/retailers. In addition to those from Hong Kong, there were also wholesalers from Taiwan, Singapore, South Korea, Japan and other regions. A total of forty people attended.
At the beginning of the exhibition, General Manager Lin Botao gave a brief speech, and then invited forty retailers and wholesalers to stand next to the Space Invaders machine, where he personally explained how to play the game.
Meanwhile, staff from Midea Games were also there to assist.
"Okay, turn it on!"
With a "power on" sound, another milestone in video games began.
Space Invaders established many fundamental game rules that have influenced the future and are applicable:
1. Encourage competition among players through a points system;
2. If attacked by an enemy, the game is considered lost and ends immediately;
3. The CPU, acting as an enemy, will target and attack the player.
Such a simple and clear setting was still common in games from the previous era, and it all started with Space Invaders.
"Why not an arcade product with a timed game system?"
"Yes, isn't this what happens when the public is popular?"
Soon, wholesalers and retailers raised questions, and Lin Botao was taken aback for a moment, but he quickly regained his composure.
"I'm sure you'll be calling our phones non-stop soon."
Seeing Lin Botao's confidence and recognizing the strength of Midea's gaming and entertainment company, everyone ordered quite a few units to take back and try them out.
News of the exhibition quickly spread throughout the entire Midea Games Entertainment company, and a subtle atmosphere of pessimism permeated the company.
Lin Botao also reported this news to the group's president, Chen Wenkai, because Chen Wenkai had said he would personally oversee the project.
Chen Wenkai arrived at Midea Games Entertainment Company and tried out Space Invaders. He remained calm afterward.
"The focus for Midea's gaming and entertainment division shouldn't be on whether Space Invaders sells well, but rather on improving the processing power of the game's motherboard. Furthermore, the Intel 8080 processor is somewhat outdated; it would be even better if Intel could develop a 16-bit processor!"
The main CPU used in Space Invaders is the Intel 8080 processor, developed in 1974; the same CPU was also used in EA's "gunfight arcade games".
However, in reality, the 8080 processor is still somewhat insufficient for Space Invaders.
Seeing that the group president didn't care about the sales of "Space Invaders" at all, but was more concerned about improving the processing performance of the game's circuit board, Lin Botao couldn't help but admire him.
His previous concerns were based on the game's concept, which actually came from the boss. He was worried that if sales were low, the boss would lose face.
It's clear that President Chen Wenkai remains very confident in this game.
He then added, "Until Intel develops a new CPU, there's still room for improvement in the processing power of the Space Invaders game's circuit board. I'll immediately organize the R&D department to begin development." "Hmm."
Two weeks later.
One day, the people at the arcade called Lin Botao, saying that the game "Space Invaders" in the computer room seemed to be broken and they hoped he could come and take a look.
While wondering if there was a bug in the program, Lin Botao went to the site with the company's technical staff.
Upon opening the server rack, he was greeted by a sight he had seen before – the box inside, meant for storing money, was crammed full of HK$2 coins. The cause of the malfunction was that the coins that had spilled out of the box had fallen onto the game board, causing a short circuit…
The arcade owner remarked, "My goodness! I was just taking a break last night, and I didn't expect the coin bank to be full already. Lin Sheng, your game is incredibly popular. Believe me, it will amaze the world."
Lin Botao was also dumbfounded. You see, the reaction to Space Invaders had never been strong. Just when the people in the company thought that this game might only be better than other arcade games, but much worse than Ping Pong and Gunfight, the situation now seemed to have reversed.
"It'll be fixed in no time!"
Lin Botao arranged for repairs, and then excitedly rushed back to the company to share the good news with everyone.
A week later.
The Oriental Daily News reported that the arcade game "Space Invaders," developed by Midea Games Entertainment, has recently taken over major arcades and entertainment venues in Hong Kong. This arcade game requires a HK$2 coin to play. Due to the game's immense popularity, the HK$2 coin, issued in 1975, has become a scarce currency in Hong Kong. As a result, many young people have petitioned the Hong Kong government to increase the issuance of HK$2 coins.
Although such news seems outrageous, the Hong Kong government did respond quickly: Congratulations to Midea Games Entertainment for another great achievement; HK$2 coins will be issued in additional quantities.
Inspiring!
This is a major victory for Hong Kong's technology industry.
Meanwhile, at the Kwai Chung container terminal, containers loaded with 1000 Space Invaders arcade machines were being shipped to the United States. Each machine fetched over $2000 in export value, generating a total of over $200 million in foreign exchange earnings.
Moreover, this is just the beginning. If the US market responds well, Midea Games Entertainment will export another 2000 units of Space Invaders before Christmas.
Currently, although many arcade games have emerged, "Ping Pong" and "Gunfight" remain the top three best-selling arcade games worldwide. These two arcade games were primarily developed by the Chen family business. Last year (1975), the two arcade games sold over 3 units worldwide, generating a total revenue of US$6000 million.
And this game, *Space Invaders*, is about to make history once again. (End of Chapter)
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