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

Chapter 306 The Vampire's Side Story (Seeking Monthly Tickets)
On August 3, 1986, Shenyang Explosion-proof Equipment Factory declared bankruptcy, becoming the first state-owned enterprise to go bankrupt after the reform and opening up.

"Uncle, should we acquire this state-owned enterprise?"

"Ice City, Want Want Group headquarters," Zheng Baoyin asked curiously.

Today is the annual routine meeting of senior executives of Want Want Group, which is both a summary of the achievements of the past first half of the year and a discussion meeting on strategies, directions and other aspects for the second half of the year.

At the very beginning of today's meeting, Wang Duoyu brought up the bankruptcy of the Shenyang Explosion-proof Equipment Factory.

"No, we're not trying to acquire this company; I want you to learn from it and draw lessons from its experience."

Wang Duoyu shook his head.

Shenyang Explosion-proof Equipment Factory was established in 1966. At that time, it was a family production group set up by Shenyang Transformer Factory to solve the employment problem of employees' family members.

However, due to a number of reasons such as long-term mismanagement, outdated technology, and aging products, the company suffered losses year after year, and by the end of 1984, its total liabilities had reached RMB 480,000.

Last year, the SY Municipal Government issued the "Trial Regulations on the Handling of Bankruptcy and Closure of Urban Collective-Owned Industrial Enterprises," issuing "bankruptcy warning notices" to three insolvent enterprises, including Shenyang Explosion-proof Equipment Factory, and granting them a one-year rectification period.

Unfortunately, it was still too late to salvage the situation.

Therefore, on August 3rd of this year, the Shenyang Administration for Industry and Commerce officially announced the bankruptcy of Shenyang Explosion-proof Equipment Factory, making it the first state-owned enterprise to go bankrupt in accordance with regulations since the founding of the People's Republic of China.

Although a debt of 480,000 RMB is a drop in the ocean for Want Want Group, it would be a simple matter of acquiring it.

But Wang Duoyu had no reason to concern himself with such trivial matters.

The reason for bringing this up is to let Zheng Baoyin and his colleagues learn from and be vigilant about this matter.

Starting a business is difficult, but maintaining it is even more difficult!

However, for such a small company with only a few hundred thousand RMB in debt, the cause and effect were very simple and straightforward, so after Zheng Baoyin and the others expressed their opinions, they quickly changed the subject.

The Want Want Group is so large that, apart from a few companies such as Red Star Steel Plant, Walsin Technology, and Facebook that have not yet turned a profit, the others are cash cows.

Hongxing Steel Plant aims to break even, but its most important goal is to develop new technologies and apply for more patents. This is the true purpose of the company's existence.

Therefore, no matter how much Hongxing Steel Plant needs to invest each year, as long as the company can continuously generate more patents, Wang Duoyu will not lose his cash flow.

Walsin Technology and Facebook are both relatively new companies, with little to no revenue, let alone profitability.

Therefore, Want Want Group is far from going bankrupt.

Despite Wang Duoyu's repeated reminders that bankruptcy could happen very quickly, Zheng Baoyin and his group remained unconvinced.

In their view, they wouldn't bother to learn about these things if it weren't for cooperating with Wang Duoyu, because it's better to actively solve the difficulties encountered in business operations than to engage in superficial work like learning from experience.

Wang Duoyu knew they weren't particularly interested in these things, so he didn't say much, just letting them know that these things existed.

This chanting is somewhat similar to Tang Sanzang's headband spell; if it's chanted every now and then, Zheng Baoyin and his monkey friends will know how powerful it is.

Having a sword but not using it is different from having no sword to use.

In particular, since Wang Duoyu is not involved in the actual operation of Want Want Group, he only steers the group's development direction, so it is even more important to let senior executives like Zheng Baoyin know about the existence of the "tightening spell".

Human nature is complex, and people's hearts are hidden behind their skin. Wang Duoyu never really thought that he was related to Zheng Baoyin and others, so he could trust them. That's not the case.

The idea of ​​testing human nature is a huge fallacy.

How could Wang Duoyu, who has lived two lives, be so stupid?
In his past life, his wife had been with him through thick and thin for so many years, but he dared not say that his wife had truly always loved him and was willing to give her life for him.

Before Wang Duoyu started working, his third uncle in his previous life was a very filial son with a happy family. He and his wife were a loving couple and had two beautiful daughters and a handsome and tall son.

My third uncle is a small business owner who runs a motorcycle repair shop. He has an excellent reputation and earns at least 300,000 to 400,000 yuan a year in this small county.

This was three to four hundred thousand RMB in the early 2000s, which is not a small amount of money.

To many people, the third uncle is a true winner in life, with a beautiful young wife who accompanies him every day, three children, and a successful career.

But just when his third uncle's child was already in junior high school, he had an affair.

He cheated on his wife, but instead of repenting, he insisted on divorcing his wife and marrying his mistress. Furthermore, his uncle severed all ties with his siblings and cut off all contact with them.

Although Wang Duoyu wasn't entirely clear on what his third uncle had gone through, his third uncle was over fifty years old and just a small motorcycle repair shop owner. Why would he go through all this trouble?

What if they end up separated from their wives and children, and never go home again?
Are mistresses really that beautiful?

That’s human nature!
Wang Duoyu experienced a lot in his previous life. Although not everything happened to him, it was still something that happened around him.

Therefore, he has a very profound understanding of the word "human nature".

Therefore, even though Zheng Baoyin and the others don't seem to care much about his mention of learning about the bankruptcy of the Shenyang Explosion-proof Equipment Factory, Wang Duoyu still wants to bring it up so they know that such a thing happened.

After the training session, Wang Duoyu and his team finally got to the main topic of today's conference. The first speaker was Yu Kexue, the head of Huaxin Technology.

"Professor, our first computer from Huaxin Technology is fully assembled, but the cost still hasn't been reduced to below 300 RMB, as you mentioned."

Walsin Technology was established last August. The factory is located near Liede Village in Guangzhou, which is the future Zhujiang New Town.

Wang Duoyu positions Huaxin Technology, a computer company, as a low-cost assembly company. By using very low labor and production costs, it can obtain relatively small profits and occupy a place in the emerging computer market.

The global personal computer market is still quite competitive, but that's mostly in the high-end market.

For example, Apple's Macintosh computer, priced at $2495, Compaq's portable computer 2, and companies such as IBM and HP have also released their own computer brands.

However, when Excellence's Powerbook personal laptop was launched, Compaq's portable computers were hit the hardest, and computers from companies such as Apple, IBM, and HP also suffered heavy blows.

It's fair to say that all other computer brands are utterly defeated by the Powerbook; they simply cannot compete with it.

Walsin Technology will not try to seize these high-end markets, but will instead directly develop the mid-to-low-end low-cost computer market, avoiding competition with these giants.

However, although Walsin Technology has obtained relatively inexpensive hardware, it is still very difficult to reduce the cost to below 300 RMB.

"What is the average cost of producing 100 computers now? If we produce 1.5 million computers, how much can the cost be reduced?"

Wang Duoyu asked, and Yu Kexue immediately replied:
"Based on current technology, the average cost per 100 computers would be 630 yuan."

If calculated based on a production volume of 1.5 million computers, then the procurement costs of many components such as the central processing unit and memory will be greatly reduced.

In addition to raw material costs, labor costs can also be reduced accordingly.

But if that's the case, then the pressure will fall on the sales side.

Furthermore, it may lead to an increase in other intangible costs such as inventory buildup, all of which need to be considered.

Based on a rough estimate of 1.5 million units produced, the cost of each computer would be approximately 480 RMB.

"Then we'll negotiate with upstream suppliers based on a production target of three million units. You need to complete this work as soon as possible, and we must successfully launch the product before December this year."

Upon hearing Wang Duoyu's words, Yu Kexue was very excited, but said that further investment was still needed.

Last year, Wang Duoyu invested 100 million RMB in Huaxin Technology, but the company still hasn't produced any products, so naturally there's no revenue, let alone profits.

Therefore, with no money available, Yu Ke-xue could only ask the group to increase investment when the product scale was three million units.

Wang Duoyu said there was no problem and that he would definitely arrange the funding.

With that, Huaxin Technology's problem was solved.

Next up is Facebook, whose situation is more complicated because it has already established branches in Europe, the United States, Japan, and other countries.

Although Facebook currently operates as a portal website, it has already created numerous sections including news, entertainment, culture, and history.

Even lifestyle sections such as renting and secondhand sales have been launched one after another, mainly featuring a chaotic mix of things.

The investment is huge, but there are still no profitable methods.

Tong Zhigang suggested that they could do some advertising, but Wang Duoyu refused.

why?
Because the traffic is still too small, launching ads at this time would be like drinking poison to quench thirst.

Moreover, with so many sections like news, entertainment, and lifestyle, the website's design is already quite extravagant, so adding more ads would be really inappropriate.

Even if we were to run ads, it would have to wait until we had millions of views.

"What you need to do now is to promote it diligently. Once you reach a million page views per month, then you can start running ads."

"Also, the website design must be continuously improved. You must promptly update the website with information on what everyone cares about and is most concerned about."

"Although we work in the internet industry, we still rely heavily on offline resources, especially for breaking news that needs to be updated promptly."

"Websites from different regions need to be differentiated, especially those containing local news."

Listening to Wang Duoyu's words, Tong Zhigang took notes one after another.

Because Facebook is involved in many projects, anyone can log in to the website to follow news, stock market information, local life, local forums, and world forums.

The more content involved, the more complex it becomes.

Promotion is relatively simple, since the Powerbook from Excellence Technology can directly integrate this web application shortcut to log in to the Facebook website.

However, it's not so easy when dealing with other computer brands like Apple.

Since these companies charge a lot of money, Wang Duoyu was naturally too lazy to do that.

Firstly, the current internet market is still in its infancy; even though many people have bought computers, not many people are actually connected to the internet.

Most computers are used for office work or even for showing off. It's quite difficult to use current computers to complete a lot of work.

Of course, similar ticket booking for airplanes and trains has already been implemented, since such ticket booking systems are quite simple.

Secondly, internet promotion these days doesn't actually need to be that complicated; a collaboration with a telecommunications company is all that's required.

After all, people who can connect to the internet do so to access the internet, and these are the target customers of Facebook.

However, not all customers who buy computers from companies like Apple will be connected to the internet.

That's just the limitation of our times; there's nothing we can do about it.

Therefore, the number of computers sold does not necessarily equate to the number of internet users.

It was more than half an hour later when we finished talking about Facebook.

While Pandora and other companies also have problems, they are not numerous and are relatively easy to resolve.

As long as the overall direction is not problematic, Wang Duoyu will not interfere.

Specific problems can be solved by the heads of each branch office; otherwise, why would Wang Duoyu spend so much money to hire them?
Maple Leaf Holdings also doesn't need to redeploy any new tasks, because there aren't many opportunities this year. For now, focusing on Japanese real estate and stocks is the right approach.

The real opportunity will come next February, before the Louvre conference.

However, it also requires a more discreet entry into the market. After all, Wall Street did not receive the expected returns after the Plaza Accord was signed at the end of last year. The final analysis concluded that financial companies in countries such as Great Britain, France, and Finland made a considerable profit.

The reason is simple: a large number of companies registered in the islands have taken away a significant portion of the profits.

These companies registered in the archipelago have low taxes and complex equity structures, making them difficult to trace.

In reality, there are no people or even buildings on these islands; they are just a name, nothing more.

So how do I check?
There's simply no way to trace it.

But these islands belong to countries like Great Britain, so the tax revenue goes to those countries. Where do the profits go? It's easy to imagine.

In Wang Duoyu's previous life, Apple's iPhone was selling like hotcakes, but in reality, an iPhone that costs about two hundred US dollars to produce is not assembled in the United States, but in Finland.

Then it was sold to Apple in the US for $800, and then that company sold it to consumers for $1,000.

So Apple's US operations have a gross profit of about $200. But in reality, that's just the gross profit. After deducting rent, utilities, labor costs, and other expenses, there's hardly anything left.

In other words, the United States did not receive any taxes at all.

This tax is because the iPhone is assembled in Finland. The cost is $200, and it is sold for $800. The gross profit is $600, and the net profit is at least $400.

Therefore, the profits are taken by Apple Finland, and the taxes are also collected by Finland. However, taxes in Finland are very low, so companies can earn more money.

After employing various legitimate tax avoidance methods, the actual amount of tax Finland can collect in the end is not much.

This is how big capital operates, and financial companies are inherently very sensitive to numbers, and with so many accountants and lawyers employed, they naturally understand even better how to avoid these tax issues.

The United States is essentially a makeshift organization composed of a massive interest-based capitalist group. Sometimes they employ extremely harsh methods to reap the benefits of the world, while at other times they are remarkably simplistic and brutal.

The Plaza Accord was just that blatant.

Unfortunately, Wall Street didn't reap much profit, as a considerable portion of the funds were taken away by companies such as Maple Leaf Holdings, Yuexiu Group, and Shanghai Chengtou.

Did Wall Street know that these companies were investing in the appreciation of the yen?

I don't know, and even if I did, it wouldn't matter.

The Plaza Accord has been signed, so it must be implemented, whether you want to or not.

Otherwise, Japanese products will continue to be sold in large quantities to the United States, impacting American manufacturing.

Therefore, whether the Plaza Accord is signed or not, the yen must appreciate and the dollar must depreciate.

Throughout 1986, the foreign exchange market remained relatively stable, far less volatile than at the end of the previous year.

Therefore, the financial companies under Maple Leaf Holdings do not need to make too many other strategic adjustments.

After discussing Maple Leaf Holdings, we went to the Moto Toys factory.

Qiao Hanliang coughed, and at this moment, he finally spoke with a little more confidence.

"Professor, everyone, this is our Magic Child Toy Factory."

Also established in Guangzhou last August, Motong Toys Factory has already shipped a large number of products globally in the first half of this year.

The airplane model featured in the movie "Top Gun," starring Tom Cruise and released globally in May of this year, was produced by the Magic Kids toy factory.

The film grossed over $100 million at the North American box office, but the airplane models featured in the film generated over $50 million in sales in North America.

The revenue from movie merchandise is close to half of the movie's box office; that's unbeatable.

Maple Leaf Holdings' subsidiary in the United States invested in this film, but not much; it was merely a financial investment.

In the 1970s and 80s, Wall Street turned its attention to Hollywood, investing in Hollywood movies and even establishing many Hollywood film companies.

But in reality, the Wall Street giants, who are invincible in the global capital market, have stumbled in Hollywood.

Top Gun was produced by Paramount Pictures and involved several investment companies. Maple Capital, a subsidiary of Maple Leaf Holdings, was merely a financial investor, seeking a share of the box office revenue rather than profits.

Secondly, Maple Capital acquired the peripheral rights to this film.

At the time, Paramount did not expect the merchandise for this movie to be a big hit. After all, the movie was originally made for recruitment propaganda, and thus attracted the participation of active-duty pilots from squadrons such as Wolf Pack, Falcon, Sunset, Aardvark, and Black Lion.

And the military provided strong support. Since the main theme was recruitment propaganda, it's conceivable that Paramount wasn't sure if the film would make money, let alone the merchandise.

However, to everyone's surprise, not only did the movie's box office performance be phenomenal, but the related merchandise also became an even bigger hit.

The airplane models produced by the Magic Child Toy Factory range from high-end metal models, priced as high as four hundred US dollars, to mid-to-low-end models, priced from fifty to one hundred and fifty dollars.

Some of these models come pre-assembled, while others require you to assemble them yourself by referring to the instructions. The materials include plastic, metal, and wood.

There are even limited-edition collector's editions made of ivory.

The Western world has a great fondness for ivory. A seemingly ordinary movie merchandise product was made entirely of ivory, and even a limited-edition collector's edition was released. The marketing of this product by Motong Toys has truly mastered the art of marketing.

It is precisely because of these collectible airplane models that the movie's merchandise revenue was able to reach 50 million US dollars.

Of course, the Magic Child Toy Factory did not have a smooth journey and encountered many problems as well.

However, most of these are practical issues, such as whether the Magic Child Toy Factory should directly participate in the investment of those movies in the future.
Wang Duoyu remained silent, but Zheng Baoyin and the others had already started discussing it amongst themselves.

In particular, Hela O'Brien, head of Maple Capital.

Although Maple Capital has also established a film investment department, this department has few staff members, and the entire department is actually located in Los Angeles, not in New York.

Because of the establishment of this department, Hela O'Brien had to travel to Los Angeles from time to time for business trips.

Therefore, compared to Zheng Baoyin and others, O'Brien was more knowledgeable about film investment.

Those people in Hollywood are vampires!
This is difficult to handle!

"We got a great deal investing in 'Top Gun' this time; we might not be able to make this much money with other films we invest in later."

"In short, I think we must be extra careful when working with Hollywood film companies, otherwise we'll be the ones getting ripped off and still be counting the money for them."

Upon hearing O'Brien's words, Zheng Baoyin and the others burst into laughter:
"O'Brien, you're from Wall Street, how come you're not as good as Hollywood when it comes to financial investment?"

"Bullshit! So what if it's Wall Street? You can go and ask around; how many Wall Street financial giants have been ripped off by Hollywood?"

O'Brien immediately panicked and hurriedly explained.

Since 1980, major Hollywood studios have been incorporated into larger media and entertainment groups, and the globalization trend of the Hollywood film industry has become increasingly apparent. High-concept films characterized by "large investment, large production, large marketing, and large market" have become the mainstream in Hollywood.

According to a report by the Motion Picture Association of America, the average production cost of a film in the United States was five million dollars in 1975, but this year, that figure has reached twenty million dollars.

And that doesn't even include marketing costs.

Taking "Top Gun" as an example, its marketing costs reached tens of millions of dollars, which is close to 75% of the production cost.

Therefore, all things considered, the production and marketing of a film would require at least 30 to 40 million US dollars.

Such a large investment scale would be difficult for even major Hollywood studios to achieve large-scale production with their annual self-owned funds.

While their parent company is financially strong, it is unwilling to invest a large amount of money in high-risk film production, and as a listed company, it does not want its financial statements to have too much debt.

Therefore, bringing in external investors has become an essential choice for major Hollywood studios.

Wall Street, with its abundant funds, was naturally eager to invest in the growing and relatively stable film market, and the two sides quickly reached an agreement.

However, Hollywood has a long history of using deceptive tactics. A movie might make money, but in the end, it turns out that the movie not only didn't make a profit, but actually lost money.

The reason is that the marketing and promotion costs are too high, so the box office seems high, but the actual profit is not much.

It's not that Wall Street is naive; it's just that there are too many opportunities to manipulate things throughout the entire process of filming and releasing a Hollywood movie.

It's impossible to guard against it.

Even some of the funding for Hollywood films is actually used to launder the reputation of unknown companies.

"Okay, let's not talk about this anymore!"

Wang Duoyu interrupted their discussion and said:
"The Magic Child Toy Factory should focus on its own work. Group development is the future trend, there's no rush now."

"Hollywood is a very complex place, so we'll leave the film investment to a specialist. In any case, the Magic Toy Factory will definitely not lack business."

"In the future, if the Magic Toys factory makes money, it can even directly invest in a portion of the films specifically to promote the toys."

hiss!
Upon hearing Wang Duoyu's words, Zheng Baoyin, Qiao Hanliang, Hela O'Brien, Wang Jianchao, and others all gasped in shock.

Spending tens of millions of dollars to shoot a promotional video for a toy?
Isn't this too scary?
Seeing their naive and unsophisticated expressions, Wang Duoyu simply smiled and quickly ended the meeting.

Jurassic Park was soon created and brought to the big screen in 1993, quickly igniting a dinosaur craze around the world.

To be honest, this movie is just a typical promotional video made for this dinosaur toy.

This novel is only 250,000 words long, which is considered a medium-length novel. It's a pretty good novel. Wang Duoyu was thinking about whether to arrange for someone to write it out in advance and then let Hela O'Brien and the others manage it.

But after the meeting ended, he put the matter out of his mind.

He wasn't very concerned about this kind of thing.

August 10th, Harbin Institute of Technology, Weizigou New Campus, Administration Building, Secretary's Office.

Liu Deben and his classmates have already moved here. The Weizigou campus will officially begin operation after the start of the new semester in September.

Several people came to the office today, including Kang Yumin, Zhao Guobin, Wu Congxin, Wang Duoyu, and others.

The reason we are all gathered here today is mainly because of the 21st International Congress of Mathematicians in 1990.

At the 20th Congress of Mathematicians last month, Harbin was selected as the host city for the next congress.

Since it is going to be a major conference, Harbin Institute of Technology is an indispensable part of it.

As the head of the Department of Mathematics at Harbin Institute of Technology, Shing-Tung Yau should have attended this conference, but Wang Duoyu presented the Kolas conjecture, and Yau was still reviewing the paper with Charles Feufman and others.

Back in 1982, Wang Duoyu had already successfully proven the Collatz conjecture using mathematical tools such as the power-tailed periodic law and the prime function iteration law.

Wang Duoyu put in a lot of effort to prove this simple mathematical problem.

The seemingly simple but actually very difficult Kolas conjecture required time and effort for reviewers like Shing-Tung Yau to repeatedly verify.

The simpler something is, the more difficult it actually is.

Therefore, Shing-Tung Yau was unable to attend the meeting.

"Mayor Kang, how is Secretary Tong's health lately?"

After meeting, Wang Duoyu asked only routine questions, but Kang Yumin chuckled and said:
"Professor Wang, Secretary Tong has already gone to Beijing. His promotion has been confirmed, and he's preparing to go to GD Province in the south."

Forehead?
Upon hearing this, Wang Duoyu was stunned for a long time, hardly believing his ears.

Good heavens, Tong Jianwei got promoted?

"Congratulations, Mayor Kang, and Executive Vice President Zhao. Next time we meet, we'll have to change how we address each other."

Liu Deben, Lü Gongliang, Wu Congxin and others quickly echoed their congratulations, while Kang Yumin and Zhao Guobin repeatedly declined, saying that the matter was not yet settled.

Haha, this thing is almost guaranteed to work out!
Even a blind person can see the rapid development of Harbin in the past few years, although the greater credit goes to Harbin Institute of Technology, or rather, Wang Duoyu.

But Wang Duoyu doesn't want to work within the system, and Harbin Institute of Technology has already been confirmed to be upgraded.

Kang Yumin and the other two, even if they didn't achieve great things, they certainly worked hard.

If Tong Jianwei, Kang Yumin, and Zhao Guobin don't get promoted, how can the others advance?

Therefore, this must be promoted.

However, Wang Duoyu never expected that Tong Jianwei would go to Guangdong, which was actually quite good.

Wang Duoyu will definitely be going to Guangzhou more often in the future, after all, Want Want Group has already established several companies there, such as Facebook, Walsin Technology, and Moto Toys Factory. These companies are all expected to be very profitable in the future.

After the small talk, we got down to business.

The 21st International Congress of Mathematicians will be held at the new campus of Harbin Institute of Technology. The new campus has been completed, and the multi-functional auditorium is much larger, capable of accommodating 5,000 people.

Such large-scale international events are not suitable for outdoor venues, making indoor venues particularly important.

The auditorium at the old campus of Harbin Institute of Technology can accommodate 3,000 people, while the auditorium at the new campus can accommodate 5,000 people. Although it seems like only an increase of 2,000 people, it is actually quite impressive.

Because the larger the venue, the greater the investment and the higher the requirements, such as venue utilization, fire safety, and maintenance costs, all of which are very important.

We can't build a venue like this only to have it become a decoration that we rarely use throughout the year. What's the point of having it?
The indoor venue at the Weizigou New Campus is a multi-functional venue that can host not only events like the Mathematicians' Conference, but also basketball games, football matches, concerts, and other similar events.

It can even be divided into multiple smaller venues to make full use of the venue.

Needless to say, fire safety is also a priority, as it is located right by the lake. In the event of a fire or other unexpected situation, the fire can be extinguished directly through the large lake next to it.

"The venue is easy to solve, but the accommodation needs to be planned carefully."

Wu Congxin said the following:
"It's almost certain that the number of attendees at the conference four years from now will exceed five thousand. Six thousand is not out of the question."

Why was Wu Congxin so certain?

Since this year's event is being held in China, the number of people coming from China will definitely exceed two thousand, and three thousand is not impossible.

In addition, due to Wang Duoyu's connections and the Harbin Institute of Advanced Studies, the number of foreign mathematicians attending the conference will certainly not be less than two thousand.

It could even be as many as three thousand people.

Therefore, the issue of accommodation becomes particularly prominent.

"Director Wu, I understand."

Kang Yu-min nodded and said:

"In the next few years, we can focus the city's development on the area around Weizigou, developing and building it up. The same applies to the hotel and accommodation sector."

Actually, Kang Yumin didn't need to say anything; after the Weizigou campus was designated, the surrounding land prices had already started to rise.

In the past year or two, how little economic activity has been centered around the Weizigou campus?

The hotel accommodation sector definitely needs development, but it's not something that can be solved by simply adding a few more hotels, because there will be a huge influx of guests.

If this construction is only for the purpose of preparing for the conference four years later, what will happen after the conference ends?
Therefore, sustainable development is the only way to achieve long-term success.

The most important thing is to make more reasonable arrangements; otherwise, there would be no need to hold this meeting today.

Wang Duoyu remained passive throughout, simply listening without offering any suggestions.

Because he didn't need to offer advice on this kind of thing; Liu Deben and Wu Congxin were both very smart and had considered things very comprehensively.

Halfway through the meeting, Wang Duoyu left early and did not continue because he received a phone call.

Kang Yumin and the others didn't say anything, after all, the meeting was somewhat boring.

After receiving a phone call, Wang Duoyu arrived at the Want Want Group headquarters by car.

At this moment, a considerable number of people had already gathered at the headquarters entrance and by the lake.

"Uncle Jiu, take a look, are these the sturgeon you wanted?"

Wang Jianda, who was standing next to a large barrel, saw his ninth uncle coming over and immediately greeted him with a warm smile.

Two days ago, Zheng Baoyin and his team came back for a meeting. After the meeting, Wang Duoyu asked someone to help collect sturgeon and then release them into the lake for aquaculture.

The lake in front of Want Want Group is not very big, much smaller than the lake at the Weizigou campus.

How big is West Lake in Hangzhou?

The surface area of ​​the lake is 6.38 square kilometers, while the lake at the Weizigou campus is larger than West Lake, with an area of ​​over 7 square kilometers and an average depth of 4.5 meters, which is very deep.

The lake owned by Want Want Group is only 1.5 square kilometers in size, which is not large, but it is deep enough, with an average depth of 8.5 meters, which is almost the height of a three-story building.

"Yes, put them all in."

Wang Duoyu glanced at them and knew that these fish fry were all sturgeon, some big and some small, but all very lively.

He wanted to raise these sturgeon because they are very good fish.

Sturgeon are large fish with delicious flesh, rich in nutrients such as protein, fat, vitamins and minerals. They have a tender and smooth texture, and their roe can be made into expensive caviar, making them very valuable.

However, sturgeon grow slowly and have a long reproductive cycle, so wild sturgeon are relatively rare.

Especially those sturgeon that grow to over 400 or 500 pounds, or even over 1,000 pounds, are even rarer.

Now, because of Wang Duoyu, Wang Jianda and his group have arranged for people to buy these sturgeon, catch them, and then raise them in the lake.

"Okay, Uncle Jiu, we'll put them in right away. But if we release so many sturgeon into the lake, I'm afraid the other fish will all die."

Upon hearing Wang Jianda's words, Wang Duoyu smiled:

"Sturgeon tastes better. As for the other fish like grass carp, crucian carp, and small whitefish, well, if they're gone, they're gone."

Sturgeon are bottom-dwelling carnivorous fish. Their juveniles mainly feed on bottom-dwelling invertebrates, small fish, shrimp, and insects. After one year of age, sturgeon mainly feed on fish.

Currently, most of the fish in this large lake are essentially food for sturgeon.

The sturgeon that will remain in this lake in the future may have grown into large sturgeon weighing several hundred kilograms.

“That’s right, hehe, how come I didn’t think of that?” Wang Jianda chuckled. Not far away, Zheng Baoyin and a few others also walked over.

"Uncle, what made you decide to raise fish lately? And I heard from Aunt and the others that you've also been enjoying fishing lately."

The "aunt" that Zheng Baoyin mentioned refers to Wang Meili and her group.

Old Wang has too many relatives, but the only 'aunts' who know about Wang Duoyu's recent activities are Wang Meifeng, Wang Meihe, and Wang Meili.

"Yeah, Uncle Jiu, if you ask me, we can just buy it with money. Why bother fishing?"

At this moment, Wang Jianchao spoke first.

Perhaps in his view, fishing is too much of a waste of time and energy; he might as well just spend money to buy fish instead.

There are giant fish weighing over 500 kilograms in the Songhua River. You can just buy them directly.

"You don't understand!" Wang Duoyu shook his head and said:
"Fishing is a pleasure, a sport, and a way of life. You haven't experienced it, so of course you don't understand."

Buying fish might feel good for a moment, but it doesn't give you any sense of accomplishment.

The most satisfying thing is catching a big fish.

Just then, Wang Duoyu's phone rang. When he saw the caller ID, he frowned immediately because it was Fang Lihe calling.

(End of this chapter)