The unparalleled talent of the country started from Harbin Institute of Technology

Chapter 283, Why Did You Hit Me? (Seeking Monthly Tickets)

June 12, 1985, Lecture Hall, Faculty of Mathematics and Physics, University of Tokyo.

Tao Fangqi sat below the stage, looking at Hua Luogeng on the podium, his mood calm and undisturbed.

Recently, at the request of the Japan-Asia Cultural Exchange Association, Hua Luogeng led several researchers from the Institute of Mathematics to Japan for an academic visit.

They arrived on June 3rd, and it's been over a week now.

Today is nothing special; it's just a lecture I gave at the University of Tokyo.

In the past few years, Hua Luogeng has been abroad. Last year, he was a visiting scholar in the United States. In April of last year, he also went to Washington, D.C., and was awarded the title of foreign academician by the National Academy of Sciences of the United States.

In May, he had just gone to Harbin to attend Wang Duoyu's report meeting, and not long after, he came to Japan.

Today, Hua Luogeng's lecture to the Japanese mathematics community is titled "Theoretical Mathematics and Its Applications".

No one thought anything of it, but halfway through the speech, Hua Luogeng suddenly felt a series of heart palpitations, but he still insisted on finishing the speech.

But when Hua Luogeng was having dinner, something unexpected happened.

Tao Fangqi and the others' expressions changed drastically, and they were rushed to the hospital.

As is well known, you need to make an appointment in advance to see a doctor in Tokyo, otherwise you won't be able to see a doctor.

So Tao Fangqi and his team could only seek help from the embassy and the University of Tokyo, but despite their efforts, they still couldn't save the person.

This is a sudden myocardial infarction; there's no way to save him. Even if a miracle worker came, there would be no way to help him.

Tao Fangqi and others were immediately filled with grief. They never expected that Hua Luogeng, the leading figure in the Chinese mathematics community, would fall in a foreign land.

In the teaching building of the Mathematics Department of Harbin Institute of Technology, Wang Duoyu was sitting in his office, just getting into work mode, when his mobile phone on his desk suddenly rang.

"Duoyu, I just received news that Committee Member Hua left last night."

Wang Duoyu: “.”

Did they leave so suddenly?

Hua Luogeng was born in 1910 and is 75 years old this year.

But Wang Duoyu had just met the other party last month. He was in very good health, except for his full head of silver hair.

But no one expected that the last time they met would be the last.

The news came so suddenly that it caught Wang Duoyu completely off guard.

Life is unpredictable; life is nothing more than the large intestine enclosing the small intestine.

"Northern Airlines has been notified and they will send a plane to Tokyo to bring back Committee Member Hua's remains."

His burial ceremony will be held on the 21st of this month at Babaoshan Cemetery in Beijing.

Wang Duoyu didn't really listen to what was said after that, because he was still somewhat dazed.

Lu Jiaxi had just left before the Spring Festival, and less than half a year later, Hua Luogeng also passed away.

The number of truly outstanding mathematicians in China is dwindling, and a new generation of mathematical geniuses seems to be failing to emerge.

At this moment, Wang Duoyu had subconsciously excluded himself from the discussion.

In fact, the Chinese mathematical community today is far more powerful than it was in the original timeline.

Putting everything else aside, the fact that Harbin is a newly emerging world center for mathematics speaks volumes.

However, the loss of Lu Jiaxi and Hua Luogeng to the Chinese mathematics community is indeed a huge loss.

Although Lu Jiaxi's influence in the global mathematics community is very small, his status in the domestic mathematics community is very important.

Hua Luogeng goes without saying; he was the undisputed number one mathematician in China and also had a significant international influence.

Furthermore, he nurtured students such as Chen Jingrun, so his status cannot be described in words.

Unfortunately, the person is already gone.

Wang Duoyu was thinking more about longevity.

Compared to Duan Xuefu, Chen Xingshen, and others, Hua Luogeng, who only lived to the age of seventy-five, was not considered to have lived a long life.

Wang Duoyu, however, wants to live to be over a hundred years old, so he will definitely consider many things.

After a long silence and a moment of remembrance for Hua Luogeng, Wang Duoyu quickly composed himself and continued with his own affairs.

Wang Duoyu had already placed Hino Yasuhito's information on his desk, but he had not yet received the student's application, so he remained silent.

Back then, Yasuhito Hino was indeed diagnosed with mental illness by several doctors from the University of Tokyo.

However, that was just information, and Wang Duoyu couldn't determine whether it was actually true.

But without a doubt, Hino Yasuhito is now a normal person. He may have some mild neurasthenia, but it should not affect his normal life.

Wang Duoyu had already met the blind Lev Pontryagin, so the suspected mentally ill Hino Yasuhito was no longer a surprise to him.

Since the other party was Japanese, Wang Duoyu didn't bring it up.

Recently, Wang Duoyu has been busy with the Mach 5 fighter jet project, so he hasn't paid much attention to this matter.

In fact, besides Hino Yasuhito, there are three other students who are also quite qualified to be his students.

One is McMullen from the United States, the second is Gals from the United Kingdom, and the third is Wei Jiahong from Guangzhou.

McMurlan has a good talent for connecting probability theory and algebraic representation theory. Wang Duoyu has read his papers and found them to be very insightful.

Goers is very talented in partial differential equations, combinatorics, and harmonic analysis, which is similar to Wei Jiahong. The latter is more well-rounded and also has strong talent in mapping theory, geometry, and the analysis of Ritchie flow.

Similarly, Wang Duoyu did not receive the applications from the three of them, so he pretended not to see them.

Students with exceptional talent are usually arrogant, but they are no match for Wang Duoyu.

Even though they had all met the requirements, they didn't apply. Whatever the reason, Wang Duoyu wouldn't make a fuss about it.

They might be very impressive, but Wang Duoyu didn't receive any applications and was happy to have an easy time.

A month has passed since last month's report meeting, and Wang Duoyu has been busy with his mathematical theory research as well as keeping an eye on the development of the Mach 5 fighter jet engine project.

The combined cycle engine project has been approved, but everyone is still in the process of getting familiar with the technology.

Compared to the previous subsonic ramjet engine, this combined cycle engine technology is significantly more difficult.

Although everyone has more than three years of experience in engine development and has accumulated a lot of related technologies.

We can simply adopt existing methods during the research and development process.

However, one thing is very obvious: this combined cycle engine technology is really, really difficult.

The sub-gas ramjet engine took three years to develop, so what about the current combined cycle engine?

When Wang Duoyu first launched the Mach 5 fighter jet project, he had already said that it would take twenty years to develop. Now it seems that it really might take that long.

Within ten years, all the necessary parts and technologies for the fighter jet will be developed. Then, within the next ten years, the fighter jet will be assembled and test-flown.

As for the mass production stage, it remains to be seen whether it can be successfully completed within the second decade.

People's Daily, Youth Daily, Industry and Commerce Daily and other related newspapers all reported the news of Hua Luogeng's death due to illness, and for a time, many people in China knew about it.

When Wang Duoyu returned home that day, Wang Junhong, that little brat, suddenly asked:
"Dad, who is Grandpa Hua Luogeng? Why do the newspapers write about him? Why don't they write about you?"

Snapped!
Upon hearing this, Wang Duoyu immediately gave the little guy a light tap on the bottom, laughing and scolding:
"What nonsense are you spouting? I'm perfectly fine, why are you reporting on me? You know how to read newspapers, don't you? Didn't the newspapers say who Hua Luogeng was? Haven't you met him before?"

It is said that children speak without restraint. Four-year-old Wang Junhong has grown up a bit and is quite smart, but he still speaks without thinking.

Actually, the little guy probably didn't have too many thoughts. Perhaps he simply thought that the newspapers should be reporting on his father, not on Hua Luogeng's death.

After all, his father held a lecture last month, and the news was reported on for several days in a row.

Wang Junhong, the little guy, had indeed met Hua Luogeng, but only a few times, and he didn't remember him very well.

It's just because the little guy was with his father and had met so many people.

In terms of familiarity, the little guy was actually more familiar with John Milnor and his friends who would come to his house from time to time. In contrast, Hua Luogeng didn't come to Harbin Institute of Technology as often.

"Dad, why did you hit me?"

The little brat pouted unhappily, and before Wang Duoyu could say anything, Liu Xiaoli spoke up first:
"Your dad is definitely going to beat you for what you just said. You need to think before you speak in the future, and don't just blurt things out."

"Why? Did I say something wrong?"

Although Wang Junhong is a very smart child, he also has many bad habits. For example, he especially likes to fly, and he does so at any time. Even though his father has beaten him several times, he will still make a fuss if he doesn't get to fly.

He has many bad habits, but he also has a good one: humility.

"Dad asked you, you saw Grandpa Hua Luogeng in the newspaper, what was the article about?"

"It's about the passing of Grandpa Hua Luogeng."

"Yes, this is about negative news, it's bad news."

I briefly talked to the kid about it, telling him to watch his words in the future and not to actually act like a 'filial son'.

After finishing their conversation, Wang Duoyu changed the subject and didn't continue talking about it.

Hua Luogeng has passed away, and that is an unchangeable fact. There is no need to discuss this matter further.

"How is your body now?"

Upon hearing this, Liu Xiaoli briefly explained the situation.

Since her miscarriage, she has been going to the affiliated hospital for check-ups almost every two weeks to ensure her physical condition.

As a result, Wang Duoyu had not had sex for almost half a year.

Their main goal right now is to have a child, but before that, they need to get her body in good condition.

The medical capabilities of affiliated hospitals cannot be improved quickly, so Wang Duoyu is sometimes quite helpless.

He has an obsessive pursuit of perfection in many things, whether it's work or life.

Although he knew the saying "contentment brings happiness," and also knew that if he wanted to live a long life, he didn't need to be too demanding in many things.

However, it is difficult for him to do so because he has certain requirements for many things.

However, he is quite content with things like drinking and food, and doesn't make excessive demands; in fact, one could say he has almost no demands at all.

Just like aged Moutai liquor, although he brought back several hundred bottles from Beijing, he only actually consumed about five or six bottles.

Not much.

Because at most he drinks half a bottle of wine a month, which is really not much.

Of course, this is also because he knows that if he wants to protect his liver, he has to do it this way.

The best way is to abstain from alcohol completely.

However, his position dictated that he could not completely abstain from alcohol, because he needed to develop the mathematics department of Harbin Institute of Technology, and he had to find a way to retain John Milnor and his team. There had to be some reason, right?
Otherwise, if they run away on their own another day, wouldn't Wang Duoyu be back to being a lone commander again?
It's only 1985 this year, and John Milnor and his group have only been at Harbin Institute of Technology for a few years.

Harbin Institute of Technology itself doesn't have many top-notch mathematicians, so it needs to be carefully nurtured.

"Okay, as long as you've recovered."

Wang Duoyu did not discuss preparing for pregnancy and having children in front of the children.

After putting the two little ones to sleep, Wang Duoyu returned to the master bedroom and continued the conversation with Liu Xiaoli.

When it comes to having a child, you need to have a calm mindset, don't force it, and take it slowly.

The next day, Wang Duoyu had just returned to his office when Su Zhenghuai came over with four documents.

"Professor, these are four application materials. Hino Yasuhito, Gowers, McMullen, and Wei Jiahong wish to apply to become your students."

Upon hearing this, Wang Duoyu immediately raised an eyebrow and said:

Did they apply together?

He was still thinking about this a few days ago, but today all four of them submitted their applications. It's really interesting.

Could it be that all four of them have gathered together?

Sure enough, all four of them were staying on the same floor of the hotel, and none of them went anywhere else.

After arriving in Harbin on May 1st, Labor Day, the four of them checked into that hotel together. It's quite remarkable that they got to know each other so quickly after checking in.

Hino Yasuhito, McMullen, and Goers all speak Mandarin, but Wei Jiahong, a native of Guangdong, speaks Mandarin even less fluently than Goers.

Of course, all four of them can speak English, so they can communicate without any problems, whether in Mandarin or English.

This also shows that language is not a barrier to communication for them.

Moreover, most of their communication involved writing, or using a small blackboard for mathematical discussions.

Interestingly, the four of them were so engrossed in communicating that they forgot about writing the application.

It was only because during the report meeting on the 7th and 8th of last month, although they learned about the conditions for becoming Wang Duoyu's students, the four of them either fell short of the conditions or, like Hino Yasuhito, had not yet published any papers.

Therefore, they had to wait until the paper was published before they could become Wang Duoyu's students, which made it late for them to submit their applications.

Well, every true genius has some strange quirks or flaws, more or less.

"Yes, they applied at the same time," Su Zhenghuai nodded and said.

"The four of them have been discussing math problems together at the hotel, so engrossed that they've been eating takeout for a month straight."

"According to the information provided by the hotel cafeteria delivery staff, the four of them ordered almost the same dishes every time."

Wang Duoyu: “.”

These four poor kids don't need to be so 'single-minded', do they?

Hino Yasuhito is a second-generation rich kid, so he's definitely not short of money. Wei Jiahong is a college student and receives subsidies, so he's definitely not short of money either.

McMallan and Gowers are even more so; they're not short of money, so why do they eat the same food every day?

Isn't it cloying?
Forget it, Wang Duoyu was too lazy to find out this information. Since they had already submitted their applications, he might as well meet them.

Soon Wang Duoyu met them, and Wei Jiahong and the other three were quite excited when they saw him.

Because this was a fan meeting, one of Wei Jiahong's remarks almost broke Wang Duoyu's composure.

"Professor Wang, I'm so glad to finally meet you in person! I grew up reading your papers."

Wang Duoyu almost lost control of his facial expressions. After two seconds, he finally asked:
"How old are you this year?"

"I'm nineteen years old this year, a freshman in college, and will be a sophomore soon."

Wei Jiahong quickly explained.

He had read reports about Wang Duoyu when he was in junior high school, and later he came across Wang Duoyu's related papers, but he couldn't understand them when he was only in junior high school.

After entering high school, he spent a year completing the high school curriculum, and then devoted himself to self-studying university-level mathematics for a year and a half.

But just because someone has learned it on their own doesn't mean they've mastered it.

There were still many problems at the time, but since the college entrance examination was just around the corner, he could only take the exam first.

"Then why don't you participate in the math competition? Doesn't that guarantee admission to university?"

Upon hearing Wang Duoyu's question, Wei Jiahong was extremely embarrassed:

"Professor Wang, my hometown is in a county town. I didn't know about the guaranteed admission program at the time. As for the math competition, I didn't participate. I think our school didn't hold one? I can't remember exactly."

Upon hearing this, Wang Duoyu's expression remained unchanged, but he was already cursing inwardly.

He knew that math competitions were a long and arduous task, and difficult to popularize.

This is a classic case of information asymmetry. If Wei Jiahong had known about math competitions, things wouldn't have turned out this way.

Either the local schools didn't promote it properly, or the locals knew about the math competition but didn't organize anyone to participate.

Although the exact reason is unknown, this is a huge problem.

Fortunately, Wei Jiahong went to university and came to Wang Duoyu's side, but there are probably many more people who don't even know about this.

Therefore, Wang Duoyu thought a lot about Wei Jiahong's subsequent self-introduction.

After Wei Jiahong finished speaking, Wang Duoyu then said:

“All four of you have already published two or more papers, so in principle you could directly become my students. However, I always treat everyone equally. Your previous senior students were all the same; they all had to pass the test.”

"So you'll be doing the problems in my office from now on. Here are the problems I just gave you. Start now. The time is until 5 p.m. Begin now."

Upon hearing this, McMullan and the other three immediately sat down and began working.

This is a necessary procedure. Even though Wang Duoyu believes that the four of them have the talent and strength, a procedure must have its reasons.

Even if this process has become somewhat rigid, that's how the rules of the game are in the real world.

If it weren't for these rules, wouldn't anyone be able to become Wang Duoyu's student?
In that case, wouldn't Wang Duoyu be unable to focus on scientific research?
It's important to know that the more students he teaches, the longer it will take him.

Moreover, the students he mentors are different from those mentored by other professors.

Although Yang Nianzhen and the others are senior brothers and sisters, they may not be able to teach Wei Jiahong and the other three.

If it were that simple, Wang Duoyu would definitely have recruited more students instead of making the recruitment criteria so strict.

As time passed, it soon came to five o'clock in the afternoon. Wang Duoyu checked the answers written by the four of them and nodded in approval.

He gave the four of them completely different topics, going in completely opposite directions.

For example, Goers and Wei Jiahong have some overlapping research areas, such as partial differential equations, combinatorics, and harmonic analysis, but their respective focuses are different.

Goers was more proficient in combinatorics, while Wei Jiahong was more well-rounded. For example, he also studied topology, group theory, and algebraic geometry, and was more proficient in mapping and geometry.

Therefore, Wang Duoyu will have different focuses when setting questions.

This is the conclusion that Wang Duoyu drew based on their respective papers, and then he used these conclusions to create the questions.

The four people had different questions, so even if they tried to communicate, it wouldn't work.

Since these topics are in their respective areas of expertise, if they can't even handle them themselves, they can't expect to get better inspiration from others.

Fortunately, none of the four were incompetent; they were all able to pass Wang Duoyu's assessment.

After the inspection, Wang Duoyu announced that from today onwards, they would be his students and could move to the office tomorrow to "work" with their senior classmates.

Wei Jiahong and the other three left the office happily, while Wang Duoyu went to the secretary's office in the administration building.

As it turned out, Liu Deben wasn't there, so he had to go find Lü Gongliang.

Fortunately, Lü Gongliang was at school, otherwise Wang Duoyu would have had to go find Han Jue.

Although PHS phones are available now, you can't always contact someone with one because they can be switched off or have their signal blocked.

Due to the need for secrecy, there was no other way.

"Duoyu, what happened?"

Inside the principal's office, Lü Gongliang looked at Wang Duoyu and asked with concern.

"Yes, Principal, I accepted four students today: Hino Yasuhito, McMullen, Gowers, and Wei Jiahong. Wei Jiahong is a student at Sun Yat-sen University in Guangzhou."

Wang Duoyu explained the situation, stating that his student was unaware of the existence of math competitions.

If it weren't for a chance encounter, Wei Jiahong would have gone to university, and he was very interested in mathematics, so he traveled a long way by train to Harbin.

Then it is very likely that China has lost a mathematical genius.

Wei Jiahong had previously published papers, but two of them, which had just passed the final review in the Harbin Institute of Technology Mathematics Journal, failed to pass the review of the journal at Sun Yat-sen University.

The reason is simple: it's nonsense.

The truth is that the journals there simply couldn't understand Wei Jiahong's papers, which led to this situation.

why?
Because the editors of their journal are very limited in their level, and they are not even math teachers, probably just high school math teachers, how could they possibly understand Wei Jiahong's paper?

If you can't even understand the paper, of course you can't publish it.

If Wei Jiahong hadn't been so unwilling to accept defeat and hadn't come to attend the report meeting, this genius would probably have faded into obscurity.

Wang Duoyu asked Wei Jiahong why he didn't submit his work to the Harbin Institute of Technology Mathematics Journal, and the answer he received was quite unexpected.

Wei Jiahong thought it was too high-end and he dared not submit it.

A single, hesitant remark, "I dare not," or "I lack confidence," left Wang Duoyu speechless.

Perhaps the people around Wei Jiahong were used to suppressing him, because no one could understand his mathematical symbols, so of course they wouldn't agree with them.

Over time, this has led to the situation we see today.

This is why Wang Duoyu sets so many barriers for those who want to attend his lectures.

After all, not everyone can understand math.

Especially in the study of basic mathematical theory, this is something that most people cannot fully understand, simply because it is too abstract.

“Principal, we’ve been holding competitions for elementary and middle schools for several years now, but the results don’t seem very good. Many exceptionally talented students are being held back because of this.”

"Therefore, I hope to give feedback on this matter, talk to the leaders of the Education Bureau, and see if there are any better solutions. I also hope to do my best to ensure adequate publicity on television."

“I know that educational resources in remote areas are not very good, but could more resources be allocated to these areas?”

Upon hearing Wang Duoyu's words, Lü Gongliang was at a loss for words.

Mathematics is the foundation of all disciplines, that much is certain. After all, Lü Gongliang was originally a mathematics professor, and previously a mechanics professor at Peking University, so he was very clear about this.

However, the uneven distribution of educational resources is not something that can be improved simply by saying so.

What can we do?

It's about doing your best.

Wang Duoyu actually had an even simpler and more direct method: throwing money at the problem.

The problem is that this method is too crude and may not be effective, especially since he didn't spend any money beforehand.

Whether the money invested can actually reach those remote areas is a huge question.

So it's not as simple as just throwing money at it.

Most importantly, Wang Duoyu is short of money right now.

Because no matter how much money is invested in education, it's never enough to fill this hole.

September is almost here, and Wang Duoyu is now planning to invest even more funds in the Japanese real estate and stock markets.

They just want to maximize their profits.

Therefore, Wang Duoyu did not tell Lü Gongliang about the matter of spending money.

The latter said he was aware of the matter and would definitely follow up on it closely.

That evening, Hino Yasuhito and his three companions moved into the master's student dormitory arranged by the staff of the Harbin Institute of Technology Graduate School. They were all in single rooms.

At Harbin Institute of Technology, undergraduate students are also divided into different levels. For example, regular undergraduate students all live in four-person rooms.

Since 1983, students in the experimental class and the gifted class have been assigned to double rooms.

Master's students, on the other hand, get single rooms.

For doctoral students, the rooms are no longer single rooms, but two- or three-bedroom suites with separate bathrooms, kitchens, living rooms, etc., just like a home.

The new campus in Weizigou is under construction and is expected to be ready for residents next year.

The dormitories in the new campus will be even more outrageous by then.

The next morning, in the mathematics department building, Hino Yasuhito and his three companions arrived at the office and saw Yang Nianzhen and the others.

After a warm and friendly exchange, Wei Jiahong couldn't help but pull Rong Guangxia aside and whispered, "..."

"Senior brothers, how many years have you been our students? It feels like you've been studying for many years!"

Rong Guangxia and Yang Nianzhen are both pursuing a combined master's and doctoral degree. They started their program at the end of May 1981 and have been doing so for four years now.

That's quite a long time indeed.

But so what?

The reality is that they have already met the graduation requirements, but they are just too lazy to graduate.

Yorkz and Bocherz, in particular, are eagerly awaiting next year so they can receive the Fields Medal together with their teacher, Wang Duoyu.

Of course, the Fields Medal competition next year is fierce, and Yorktz and Bocherz may not be able to achieve this goal.

Yang Nianzhen and Rong Guangxia are also formidable, both striving to reach the pinnacle of mathematics.

If not next year, then they'll wait until 1990; they absolutely must win the Fields Medal.

The competition among the four of them is not, to be honest, a case of "fratricide," but rather a matter of defeating outsiders.

This is Alain Connie's last year, as he has exceeded the age limit of forty. It now seems certain that he will receive the Fields Medal next year.

Besides him, there are three others: Jean Burgundy, Simon Donaldson, and Vladimir Feld, each stronger than the last.

For example, Simon Donaldson has completed the four-dimensional topological manifold.

"Junior brother, you don't understand. You've just entered the university, and there's still a lot to learn. You'll gradually understand as time goes on."

Rong Guangxia patted Wei Jiahong on the shoulder, said something with a smile, and then turned and left.

It wasn't that he was cold, but rather that he wasn't familiar with the other person, and it wouldn't be good to be too enthusiastic too soon. He should take it slow.

Wei Jiahong didn't understand, but he didn't want to ask any more questions.

Hino Yasuhito and the other two foreigners didn't seem to have much of an opinion. After chatting with Yorkz and Bocherz, they all went about their own business.

Soon, Wei Jiahong and the others discovered that the six senior students who remained in the office all had their own things to do and left the office shortly afterward.

Whether it was Yang Nianzhen, Rong Guangxia, or Gao Huajian, Maxim, Yorkz, and Bocherz, they all had their own things to do. Wei Jiahong wanted to ask, but didn't have time.

It wasn't until a few days later that they learned that Wang Duoyu would assign research tasks to these senior students.

Wang Duoyu wasn't treating them like beasts of burden; rather, these research tasks were very helpful to them. Besides, they did receive year-end bonuses every year.

Even if their salaries are not low, no one would refuse some extra income or complain about having too much money, right?

On June 19th, Wang Duoyu's home in the Harbin Institute of Technology faculty villa area was bustling with activity.

Over the past six months, Wang Duoyu's home has become much quieter than before, with far fewer gatherings like this.

The reason is that because of Liu Xiaoli's previous miscarriage, Wang Duoyu has become more careful about his diet.

Most importantly, the investigation into the miscarriage is still ongoing, and the person behind it has not been identified. This is the most unacceptable thing for Wang Duoyu.

Others have already caused him such harm, taking away one of his children, yet the real culprit cannot be found, let alone the person behind it.

It’s so uncomfortable!
While Wang Junhong and his friends were chasing and playing in the living room, Wang Duoyu was in the study listening to Zheng Baoyin and his team's work report.

"Uncle Jiu, Pandora's revenue in Japan is quite good."

Pandora started its expansion into Japan in March, but officially opened on May 1st, Labor Day.

Because there was a lot of preparation beforehand, and Wang Jianchao made a great deal of preparation in order to fire the first shot.

He not only took out loans from Japanese banks such as Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Yokohama Bank, but also from Citibank Japan.

In short, he borrows from whoever offers the lowest interest rate.

What are we going to do with the loan?

Invest in real estate, shops, etc.!

Pandora is supposed to be a high-end clothing brand, but after entering the Japanese market, it borrowed heavily and ventured into the real estate and financial markets.

Just incomprehensible.

But these banks were overjoyed because of the Pandora brand.

In particular, Pandora's willingness to lend in yen and repay in US dollars was an unbeatable move, making Japanese banks like Yokohama Bank almost jump for joy, secretly cursing Wang Jianchao as a complete idiot.

why?
Because the yen is currently worth very little, while the dollar continues to appreciate.

Pandora borrowed yen from banks like Yokohama Bank and Sumitomo Mitsui Banking Corporation, and promised to repay the money in US dollars when she repaid it in the future. This was clearly a way of giving money away to these banks.

Once the contract was signed, that's how it was. Yokohama Bank and other companies quickly signed the contract agreement and even gave Pandora a very low interest rate.

It was precisely because of the need to fulfill these contracts that Pandora's entry into Japan was delayed considerably.

Pandora's performance in Japan was also beyond everyone's expectations; it became an exceptionally popular product.

Last year, Pandora's average daily revenue per store in the United States was $36,200, with the highest average daily revenue during the Christmas period reaching $120,000.

However, there are a total of thirteen stores in cities such as Tokyo, Osaka, Nagoya, and Yokohama in Japan, but the average daily revenue per store was US$67,000 during the thirty days of May.

That's absolutely outrageous.

It's common knowledge that high-end brands already have very high profit margins, so to think their revenue is so outrageous is truly astounding.

Even Wang Duoyu was stunned when he heard about this daily revenue.

With such high daily revenue, Pandora's revenue in Japan reached US$27 million in May.

Ridiculously strong!

"Very good, excellent!"

After listening, Wang Duoyu couldn't help but laugh and nod, saying:
"All of these profits were invested in the real estate market, and in the stock market, they were used to directly purchase shares in several large Japanese companies, such as Toshiba and Toyota."

In order to continue to generate more profits in September, he has already begun to make plans.

The lending only started in the first half of this year; before that, we were just investing profits.

The Plaza Accord was bound to be signed, and the future market trend would definitely be the same as in the original timeline, because Japan had no other choice but to transfer more funds into the real estate and stock markets, otherwise the Japanese economy would collapse first.

However, with the real estate and stock markets acting as reservoirs, they believed that the Japanese economy would not collapse.

However, no one expected that Japan's real estate and stock markets would become so exaggerated, gradually inflating into a super balloon over the next few years.

Now in June, Wang Duoyu is even more certain that the future trend of the Japanese economy will be the same as in the original timeline, which is why he is willing to take out loans to complete these investments at all costs.

Pandora's entry into the Japanese market is a perfectly normal market economic activity, and no one can say anything about it.

Loaning in Japanese yen and repaying in US dollars in the future is also a strategy.

From the perspective of Japanese domestic banks such as Yokohama Bank, this was a 'compromise' made by Pandora in order to enter the Japanese market. After all, they didn't spend much money; instead, they raised funds directly through loans. Pandora itself didn't invest much capital.

It's practically like getting something for nothing.

Of course, Pandora also made it clear when taking out the loan that it would use the Pandora brand name and the relevant real estate and shops as collateral. Otherwise, Yokohama Bank and other Japanese companies are not stupid, so why would they lend money to Pandora?
So getting a loan is a very simple matter.

Pandora's approach is basically based on other brands such as Yuma Clothing, except that they cooperate with different banks.

"Ninth Uncle, shall we continue doing this for the next three months?" Zheng Baoyin asked. "But I'm worried about the possibility of a broken cash flow."

(End of this chapter)