The unparalleled talent of the country started from Harbin Institute of Technology
Chapter 379 Profit Consensus: The Looting of Investments
Late January 1991, a major international metropolis in the Far East.
Inside the office, Zhang Yuebin, Kong Wenkang, and others sat together.
"Are you saying that Guangzhou is currently planning a new city? Isn't Guangzhou developing quite well? Isn't it ridiculous to jump too far like this?"
Kong Wenkang asked in surprise.
"That's right. We heard that Professor Wang had gone to Guangzhou, and on the afternoon of his arrival, Secretary Yuan went to visit him. When he left, Secretary Yuan was very happy."
"My classmate told me that Professor Wang had already reserved three buildings in Guangzhou's new urban planning project before it even started. Although it's not confirmed yet, I estimate that these three buildings will be quite tall."
"Everyone knows that Professor Wang is very wealthy, and his Want Want Group controls a large amount of capital."
"If Shanghai could also promote a new urban project, perhaps it could attract Professor Wang to invest."
"If I remember correctly, Professor Wang invested in Shanghai before, didn't he?"
Zhang Yuebin and Kong Wenkang were both slightly surprised.
in the country, anyone who has made a little progress knows the power and influence of the Want Want Group.
Brabus Watch Factory, Yuma Apparel, Red Star Group, Pandora Apparel, Magic Child Toy Factory, Facebook, Walsin Technology, etc.
These companies are all wholly owned by Want Want Group.
Furthermore, despite the establishment of a stock exchange in Shanghai, none of Want Want Group's subsidiaries have gone public there.
Because the other party doesn't need financing at all.
If we can really persuade Wang Duoyu to invest in Shanghai, perhaps Shanghai will have a real chance to catch up with Harbin.
For the past decade or so, Harbin has been a constant source of anxiety for everyone.
As time goes on, this gap will only widen.
It's suffocating everyone.
Therefore, everyone wanted to rise up in rebellion.
Everyone wants to be the number one city in the country, but unfortunately, their strength is limited, and it's too difficult to sit on that throne.
“Great, this is an opportunity. So let’s all think about where we should establish the new city center? Or which area should we develop?”
Zhang Yuebin spoke first.
Upon hearing this, everyone immediately realized that it referred to Pudong!
Unlike Guangzhou, there's still a saying in Shanghai: "I'd rather have a bed in Puxi than a room in Pudong."
The development gap between the two banks of the Huangpu River is not something that can be easily described.
Lujiazui, located along the Huangpu River, is still quite dilapidated at this time.
Just across the river lies the bustling Shanghai Bund, the cosmopolitan metropolis.
Therefore, once the location for development is determined, the subsequent planning becomes much simpler.
At almost the same time, Guan Chonggui was also holding a meeting in Beijing.
Let's brainstorm and find a way to get Want Want Group to invest in Beijing.
Harbin, Chongqing, Wuhan, Chengdu, Xiamen, and other places also quickly received the news.
It's almost fair to say there are no secrets.
why?
Because Guan Chonggui, Pan Hongxu, Qiu Xianzhang, Kang Zhiping, Qi Xingbang and others all made their fortunes with Wang Duoyu before.
Guan Chonggui and others already knew about the development bottlenecks that Guangzhou was facing.
And recently, since it's the end of the year, Want Want Group should be holding its internal year-end summary meeting.
Pan Hongxu and his colleagues were aware of this and were very concerned about it.
Although the outside world will not know this information, Wang Duoyu will not allow anyone to spread it.
However, some information can be kept secret from others, while other information cannot.
Kang Yumin, Yuan Youlan, Guan Chonggui, Pan Hongxu, Zhang Yuebin, Qi Xingbang, Kang Zhiping and others.
People like them are not within the scope of confidentiality, and some information can be disclosed to them.
Moreover, the annual summary meeting is held in Harbin almost every year, and this year it went to Guangzhou, so Kang Yumin will naturally keep an eye on it.
So the news naturally couldn't be kept secret.
In a short time, many people flocked to Guangzhou.
Even if we haven't come up with a plan yet, we can still talk to Wang Duoyu about it.
Otherwise, things will get really troublesome once Wang Duoyu goes into seclusion.
Why does Wang Duoyu always go into seclusion so often?
On January 26, 1991, in the conference room of the Motong Toy Factory in Tianhe District, Guangzhou, a summary meeting was still underway.
"Yuma Apparel has achieved fairly good results over the past year."
Zheng Baoyin was in a great mood and had a big smile on his face throughout his work report.
Last year, Wang Duoyu said that Yuma Clothing would use various shopping methods such as live TV broadcasts and Amazon shopping platforms for sales.
Although the sales data on Amazon's shopping platform is terrible.
However, it must be said that Amazon's Express Delivery is indeed very good.
They sell products via live television broadcasts and then have courier companies deliver them to their doorsteps.
This sales model is already very mature in the United States.
It's worth noting that in the United States, people have been buying airline tickets by phone for 30 years.
The fare can be deducted by simply providing the ticket seller with your credit card information over the phone.
It's quite quick and convenient.
Back then, you had to go to the airport or a nearby ticket office to get your plane ticket.
But now, in 1991, after ordering clothes by phone, they are delivered directly to your door.
As for clothing sizes, those definitely need to be prepared in advance.
The customer service representative definitely has a set script to quickly obtain information such as the customer's height and weight, and then recommend the appropriate size to buy.
As a result, Yuma Apparel's total overseas revenue reached US$1.98 billion, with profits as high as US$880 million.
Its revenue is higher than that of the Yuebu sports brand, but its profit is lower, which is largely due to its cost control.
The financial sector's profits amounted to $120 million.
Upon hearing this, the other executives applauded and were also surprised by how impressive Yuma Apparel's finance department was.
clap clap clap!
After Zheng Baoyin finished his report, it was Wang Jianchao's turn to give his report.
Pandora's revenue was higher than last year, reaching $2.7 billion, with a profit of $1.65 billion.
The domestic market has finally surpassed 100 million, reaching 190 million US dollars.
For a luxury brand, such revenue is indeed very strong.
In addition, the profits from the financial sector amounted to only $36 million.
It's highly likely that they incurred losses before the oil crisis last August, otherwise they wouldn't have made such a small profit.
Even so, Pandora's profits are still quite good.
After he finished his report, thunderous applause erupted in the meeting room.
Martinez couldn't understand why Yuma and Pandora were owned by Want Want Group.
Moreover, it's quite puzzling that it's ranked so low.
However, looking at Wang Jianchao and Zheng Baoyin, Martinez recalled how they addressed Wang Duoyu, and seemed to understand somewhat.
Next up was Yu Kexue, the head of Huaxin Technology.
Upon seeing Yu Kexue, the executives present all straightened their posture and became even more serious.
Walsin Technology is one of the core businesses of Want Want Group.
Leaving aside Wang Duoyu's level of attention to it, let's just talk about Harbin Institute of Technology's Excellence Technology. This company is a globally renowned high-tech enterprise.
Therefore, everyone was very much looking forward to Walsin Technology's achievements in 1990.
Unlike the year before, Walsin Technology's total revenue reached US$16.8 billion in 1990.
It has gone up, but not by much.
For a high-tech company, this increase is indeed low.
Even so, the achievements of Walsin Technology are still beyond the reach of many companies.
It's important to know that, apart from companies like Daimler-Benz, other companies that have been acquired...
The combined revenue of all the manufacturing brands that Want Want Group has established and operated, such as Yuma Apparel, Pandora, and Yuebu, has just exceeded 10 billion US dollars.
Therefore, the strength of Walsin Technology is beyond doubt.
Of course, Huaxin Technology does not have a financial department, which is probably just to make Wang Jianchao and his team feel a little better.
clap clap clap!
The crowd erupted in thunderous applause.
Martinez was completely dumbfounded.
He had previously thought that Walsin Technology was a brand enterprise of Harbin Institute of Technology, but he didn't expect it to be a brand created by Want Want Group itself.
This really shocked him.
The terror of the Want Want Group will likely keep him up all night.
However, after Yu Kexue finished his report, the real show was about to begin.
Why?
Because the financial arm of Maple Leaf Holdings is finally about to make its move.
O'Brien, Fuller Carson, Allen Costa, Lee Evra, Dylan Dario, and others were all key figures in the financial company.
Several financial companies, led by Maple Tree Capital, each have profits of at least $300 million.
Some of the most impressive ones even exceed one billion US dollars; this is pure profit, not revenue.
The most astonishing profit belonged to the Velociraptor Fund, which had a net profit of $9.6 billion in 1990, and was just around the corner from breaking the $10 billion mark.
In addition, four more financial companies were added in 1990.
To date, Maple Leaf Holdings has as many as 61 wholly-owned subsidiaries.
These include Maple Tree Capital, Summit Global, Horizon Capital, Atlantic Investment Company, Sun Investment Company, Quantum Technology, Shuncai Fund, Fidelity Capital, Saxo Capital, Raptor Fund, Interstellar Financial Group, and Infinite Group.
Others include Gardner Bank, Boston Bank, New Brown Bank, and Alaska National Bank.
Banks such as Hua Sheng Bank and Mao Chang Bank in Hong Kong, Nanyang Chinese Commercial Bank, Singapore Lucky Bank, and New City Bank in Singapore, as well as other banks elsewhere.
All these financial companies are interconnected and have business dealings with each other.
From the outside perspective, these companies are mostly in a competitive relationship.
But no one would have guessed that they were actually all under the same big boss.
As the heads of each financial company gave their work reports, Martinez was completely dumbfounded.
In this conference room today, every new senior executive attending such an annual summary meeting for the first time was shocked.
Leaving aside other companies, the profits these 61 financial companies have made in the stock market, international futures market, and international gold market alone amount to a staggering $40.8 billion.
The Velociraptor Fund alone accounts for a quarter of that.
Therefore, working with a company like Want Want Group offers a bright future.
By the time the last person in charge finished reporting, it was almost noon, and the morning meeting came to an end.
During lunch, Martinez sat next to Yabo Fein, the head of Shuncai Fund, and chatted with him.
Seeing his exaggerated reaction, Yabo Fein burst into laughter:
"What happened this morning was nothing special; listen to the real show this afternoon."
Martinez's eyes widened instantly:
"What? My God, we've already made over 40 billion dollars this morning, and this is just a small matter? Then what's the real show?"
Yabo Fein smiled without saying anything, only saying that they would know in the afternoon.
After lunch, Wang Duoyu went back to his study.
He wasn't really there to do anything, just to take a short rest.
A normal person's lunch break is half an hour, but Wang Duoyu's is fifteen to twenty minutes.
Sometimes, even when I'm really tired, I can only sleep for about twenty minutes at noon, no more than that.
If you sleep too much at noon, you'll have trouble falling asleep at night.
However, if you don't take a nap at noon, you might not have enough energy in the afternoon.
Twenty minutes passed in the blink of an eye.
After regaining his senses, Wang Duoyu opened the drawer and took out his math drafts.
Classic mathematical problems like the Riemann Hypothesis had troubled him for a long time.
Therefore, even when he has a spare moment, he still takes a quick look and adds notes on any points that come to mind.
This is a very good habit, and it's something he always does.
Before we knew it, it was 2 p.m., and the meeting officially began.
"Has everyone rested well? Let's try to finish today's meeting before six o'clock."
Every year's year-end summary meeting is like this: it's fun, but there are so many things to do.
Seeing Wang Duoyu's smiling face, Li Efra spoke first:
"Yes, Professor, I've rested well and am eager to know what the next steps will be."
Wang Duoyu chuckled and shook his head. Then one of the financial managers began to report the situation.
First is Paramount, one of Hollywood giants, whose revenue and profits were in 1990.
Want Want Group acquired three companies in total: Paramount, MGM, and Marvel.
As mentioned in previous meetings, the Motong Toys Factory has also benefited from the positive impact of these three companies, resulting in a significant increase in revenue.
Paramount had already started production on films such as "The Silence of the Lambs," "Ghost," "Pretty Woman," and "The Lord of the Rings" last year.
MGM, on the other hand, launched films such as Transformers, Spider-Man, and Jurassic Park.
As for Marvel, they are currently organizing the relevant comic book copyrights and also following up on the TV series segment.
It can be said that these three companies, working together, have gradually formed a new trend of becoming film and television giants.
In 1990, the three companies had a total revenue of $3.25 billion and a profit of $1.8 billion.
The result of a powerful alliance is huge profits.
These revenues certainly don't all come from box office revenue; film and television copyrights, movie merchandise, and other sources are the main sources of income.
Otherwise, how could they possibly generate $3.25 billion in revenue?
Martinez opened his mouth, thinking to himself that this appetizer was indeed quite tempting.
Then it was the turn of several research institutes, including the Magic Research Institute, to give their work reports.
The company holds a total of 72 technology patents, generates $1.5 billion in revenue, and profits $200 million.
The low profit is due to the huge investment. After all, the revenue is only $1.5 billion, so making a profit of $200 million is already quite good.
And this doesn't even include the funds Wang Duoyu invested beforehand.
After all, he has now sent institutions such as the Magic Research Institute to Moscow to recruit a large number of engineers, professors, researchers, and so on.
The Magic Institute, Lawrence Laboratory, Cambridge Institute for Advanced Study, Hobbes Supercomputing Centre, Future Technology Laboratory, Quantum Centre, and many other research institutions all reported on their work.
Martinez was puzzled, but said nothing.
Martinez knew a little about these research institutions.
Moreover, in Martinez's view, $1.5 billion in revenue doesn't seem like anything to brag about.
But judging from O'Brien's and the others' expressions, they seem quite excited. What could be the reason for that?
Martinez doesn't know much about technology; he's just someone who follows orders.
Wang Duoyu had previously sent so many people to Moscow, so it was impossible for him to send truly technically skilled people there.
They could just hire locally, or even settle their families in Ice City like Nikolai, Alexandrov, and others.
They were then sent to Moscow to assist Martinez, Brumik, Picroven, and others in recruiting experts for Moscow.
And the acquisition of specialized machinery and equipment.
If Martinez had a little knowledge of the research projects at institutions like Lawrence Laboratories, he would probably have a general understanding.
Want Want Group, or rather, Wang Duoyu, is playing a grand game.
clap clap clap!
Martinez, who was clapping, was filled with anticipation. He thought that the most important thing was about to begin.
The person who gave the report next was Zhou Yichen, the head of Hakimi Hamburger Company.
Martinez, his eyes wide with disbelief, couldn't understand why a fast-food company would be scheduled for the afternoon session.
However, he soon found out what was going on, because Hakimi Burgers had only been established for less than six months, its revenue was mediocre, but its investment was huge.
Domestically, they have already completed their deployment in provincial capitals and some third-tier cities across the country.
It's unclear what Wang Duoyu saw in such a massive investment.
Immediately afterwards, McDonald's manager Jack Merton began his report.
"McDonald's has been acquired by Want Want Group? Goodness, what exactly is Professor Wang trying to do?"
Is it a hodgepodge?
At this point, Martinez already felt that his brain wasn't working properly.
From this morning until now, Want Want Group has been involved in far too many industries; it seems to be involved in most profitable businesses.
Automobiles, finance, sports brands, steel, clothing, watches, toys, catering, film and television, media, computers, the internet, etc. What else could this be but a hodgepodge?
clap clap clap!
While Martinez was still in shock, Jack Merton had already finished his report, and the former hadn't even heard the exact amount of money he had made.
Then it was time for a senior executive in charge of the Comcast Group to give a report. The Comcast Group is a company primarily engaged in cable television, internet communications, and wireless television.
This company's revenue figures are average, but its investment is extremely high.
In order to cover the entire North American region, Comcast directly spent money to launch three television satellites.
As a result, Comcast's business expanded rapidly.
Martinez was at a loss for words.
Want Want Group is indeed very wealthy and powerful, having acquired countless companies.
Companies such as Daimler AG, BMW, Audi, Marvel, MGM, Paramount, Comcast, and McDonald's.
Another supermarket chain, Target, was also acquired, as was Walmart, which received a stake.
As for Varian Medical Systems, the handover process is still underway.
All I can say is that the Want Want Group is terrifying!
The market value of these acquired companies alone exceeds $100 billion.
Moreover, cash cow companies like Velociraptor Fund are simply unbeatable.
clap clap clap!
After everyone had finished reporting, Wang Duoyu finally spoke:
"Thank you all for your hard work. I'm sure you'll be satisfied with this year's red envelopes."
Lee Evra, O'Brien, Fuller Carson, Yabo Fein, and others all nodded happily, while only Martinez and some other new executives looked bewildered.
Because they have no idea what a red envelope is, let alone when they will receive one.
However, Martinez is now part of this group and a beneficiary, so we just need to wait patiently.
"I'm glad everyone is satisfied!"
Wang Duoyu smiled and nodded, then looked at Wang Meili and said:
"Now it's your turn. Tell me about the profits you made during last year's oil crisis."
"Okay, Ninth Brother, I understand."
Martinez's Chinese is not bad, but he was still very surprised.
It wasn't the first time he had met Wang Meili, but it was indeed the first time he had heard that Wang Meili's brother was Wang Duoyu.
Immediately, his gaze fell upon Zheng Baoyin, Wang Jianchao, Xue Lisheng, and others, and he muttered to himself:
"It doesn't look like a family business, but how come so many family members are in senior management positions?"
If Want Want Group is a family business, then what about people like Lee Efra and others?
Within the entire executive group, people like Lee Efra make up a large portion.
Apart from Zheng Baoyin, Wang Jianchao, Xue Lisheng, Wang Meili, Wang Meihe, Lu Qingsong, and others, there are no other relatives of the Wang family in the management team.
Strangely, there doesn't seem to be any faction within the Want Want Group.
Reinhard Monroe, Zhou Qirui, Li Efra, O'Brien, Yabo Fein, Fuller Carson, Liang Shengzhi, Wei Ruola, Qu Haiping, Wen Shixuan, Qiao Hanliang, Tong Zhigang, Yu Kexue, Wang Lichuan, and others.
Logically, these should all belong to the same faction, and there should be other smaller factions within them.
According to Martinez's observation, this was not the case.
Martinez's entry into this core management team was not due to being parachuted in; he had already been with Want Want Group for several years.
Those who lack loyalty or competence will not be able to enter the core management team of Want Want Group.
For example, the president of Daimler-Benz still doesn't know who the real boss behind him is.
why?
Because of a lack of loyalty.
A cunning and shrewd person would never allow the other party to know the secrets of the Want Want Group.
The Want Want Group today is not what it used to be; now it prioritizes quality over quantity.
"In early August last year, Majid Hussein of the Date Empire launched a war, causing international crude oil prices to surge."
"Our Maple Leaf Holdings' crude oil warehouses in the Middle East and other regions were completely emptied within just two and a half months."
"A profit of $12.7 billion."
hiss!
Martinez stared at Wang Meili, his eyes wide open.
Although the profit of $12.7 billion is still less than the more than $40 billion profit of the companies that reported this morning.
But this is definitely the highest profit ever made in a single transaction.
No wonder it was scheduled for the afternoon session.
However, even with such a simple calculation, the total profit is already close to 60 billion US dollars.
Financial companies such as Velociraptor Fund earned $40.8 billion.
Manufacturing companies such as Yuma Apparel and Walsin Technology also profited by four to five billion US dollars.
Other acquired companies, such as Daimler-Benz, also profited by billions of dollars.
Therefore, if we include the $12.7 billion that Wang Meili just mentioned, the profit would exceed $60 billion.
Martinez knew that Want Want Group was wealthy, but he didn't expect it to be this wealthy.
It's absolutely terrifying.
clap clap clap!
Inside the meeting room, the applause was very enthusiastic; everyone was quite excited.
Although several months have passed, Zheng Baoyin and his colleagues are still very excited when they think about this incident.
That's not making money, that's picking up money.
Wang Duoyu looked at everyone, reached out and pressed down, the applause stopped, and the conference room quickly fell into a silence so quiet you could hear a pin drop.
"I am aware of everyone's hard work, and the results have already been reported. I will not be making any specific adjustments to this year's plans."
"From now on, we need to focus on the Japanese market. If not this month, then next month, we will withdraw from the Japanese stock market, and the same goes for the real estate market."
"After the bursting of Japan's bubble economy, it will fall into a long period of stagnation, so there is no need for us to intervene further."
"If you're interested in the Japanese economy, you could consider investing in film, entertainment, and animation, but I don't recommend getting too involved, as the profits are minimal."
"This year and next, our Want Want Group's focus will be on Moscow, as that's where our new source of wealth lies."
"However, I need to remind you that if you go to Moscow, you must be very careful, because one wrong move could lead to total failure."
Wall Street giants are planning to plunder the entire city of Moscow.
This is already a consensus among everyone.
However, Lee Efra and the others had no idea just how ruthless these executioners on Wall Street really were.
The devaluation of the ruble was like an earthquake.
The loss of trillions of dollars in wealth is truly chilling.
More than half a century of wealth.
In just one or two years, it was almost completely wiped out.
In short, Wang Duoyu will allow Li Efra, Zheng Baoyin, and Yabo Fein to enter Moscow.
However, they would be sternly warned not to be greedy, or they would not even know how they died.
Andrei Mogolov serves as a cautionary tale.
The crowd remained silent, but their eyes gleamed with desire; clearly, Wang Duoyu's warning had not dampened their thirst for wealth.
"Alright, I won't say much more about Moscow. You all have bodyguards, and I also have backup plans for you. If there's any danger, remember to retreat immediately. As our ancestors said, 'Where there's life, there's hope.' It's always better to be alive than dead."
After a pause, Wang Duoyu continued:
"Old Wen, brother-in-law, could you help me find some candidates? I need a few outstanding editors with expertise in literature. Want Want Group plans to launch several periodicals this year and acquire some others as well."
Upon hearing this, Zheng Baoyin and the others were completely dumbfounded, not to mention Wen Shixuan and Xue Lisheng.
Why is Want Want Group starting a magazine?
It's worth noting that Wang Duoyu was a literary writer before, having written many articles and published books such as "Snow City" and "The Rise of a Great Power".
Almost ten years later, Wang Duoyu has actually gotten back into this industry. To be honest, no one understands why.
How much money do these journals make?
But if Wang Duoyu wasn't after money, why did he even get involved in this industry? It's too much work for no reward!
why?
Because Wang Duoyu needs to eliminate some periodicals such as "Yilin" and "Reader".
Some intellectuals are just bored and have nothing better to do.
They do not make a living by writing articles.
Instead, they lived off the "writing fees" remitted from abroad.
Wang Duoyu used to be too lazy to care.
But it just happened by chance, so I thought I'd just do something about it.
Wang Duoyu didn't explain much, but simply asked Wen Shixuan and Xue Lisheng to help handle the matter.
He will personally hand over the details later.
As for making a profit from the journal, Wang Duoyu looked down on it and would only order people to censor all those people's articles.
Otherwise, just acquire it directly.
"This concludes the summary meeting. Does anyone have any further questions?"
No one spoke, so Wang Duoyu stood up and ended the meeting.
Martinez, who was leaving the conference room with the rest of the group, walked behind and approached Yabofein, asking in a low voice:
"Yabo, is the meeting over? Is there anything we haven't discussed?"
Upon hearing this, the latter raised an eyebrow and said:
"Anything else?"
"What's the deal with that red envelope? I remember that giving red envelopes is a tradition during festivals in China, isn't it?"
"Haha, Martin, there will definitely be a red envelope, but that's a small matter. Why would we mention it at the conference?"
Yabo Fein laughed heartily, while Martinez was bewildered, not quite understanding why the other was laughing.
He patted Martinez on the shoulder and said meaningfully:
"You'll see in a while, haha."
That evening, Wang Duoyu had dinner with O'Brien and the other executives, and the next day, the management team left Guangzhou.
Wang Duoyu had originally planned to return to Harbin on the 27th.
As a result, Zhang Yuebin and his group suddenly showed up at his door, disrupting his plans.
"Professor Wang, I'm so sorry, I might need to take up your time."
Upon seeing Wang Duoyu, Zhang Yuebin got straight to the point.
This time, it's their development plan for Pudong New Area.
They also hope to receive investment from Want Want Group.
So I had no choice but to swallow my pride and pay a visit.
You must understand that once you miss this opportunity...
Then I don't know when I'll be able to see Wang Duoyu again.
"Manager Zhang, you're a very busy person, what brings you here today?"
Wang Duoyu didn't bother with pleasantries; everyone should just speak frankly and openly.
Our time is precious, there's no need to waste it.
"That's right, Professor Wang, we have plans for a major development in Pudong, Shanghai."
"We want to develop Pudong into a new landmark for our international metropolis, Shanghai."
Zhang Yuebin didn't mince words and immediately explained the purpose of his visit.
As we all know, Pudong is a very large area.
It covers an area of over 1,200 square kilometers, which is larger than the entire area of Hong Kong.
Developing this area is no easy task.
Wang Duoyu shook his head and said:
“Secretary Zhang, our Want Want Group has no intention of establishing a real estate company, let alone a construction company. So if you want to develop Shanghai Pudong New Area, you've come to the wrong person.”
On the 18th of this month, the "Regulations on the Administration of Urban Housing Demolition" and the "Regulations on Prohibiting the Use of Child Labor (Draft)" were passed by the higher authorities.
Our country introduced the commercial housing policy starting in 1980.
Public housing sales, rent adjustments, and encouragement for individuals to build or buy their own homes are among the measures being implemented.
In 1987, Shenzhen saw its first public land auction, accelerating the trend of real estate commercialization.
But none of this has anything to do with Want Want Group, and Wang Duoyu doesn't care about this kind of situation.
Even though Want Want Group invested in the Ice River Expressway, the construction contractor was not Want Want Group.
"Professor Wang, you've misunderstood. We don't want you to invest in real estate; we want you to invest in office buildings."
"Secretary Zhang, doesn't real estate include office buildings?"
They're just nitpicking over the words.
Zhang Yuebin was both amused and exasperated.
He immediately stopped pretending to be stupid and said that he had learned about it from other sources.
Want Want Group is about to invest in Guangzhou's new urban planning and will invest in three super skyscrapers.
Wang Duoyu heard this and shook his head:
"This is just a plan, and it won't be built in a short time."
However, judging from Zhang Yuebin's expression, he feared that if he didn't agree, the other party might keep pestering him.
Even if they weren't pestering him, they would still go and talk to Zheng Baoyin and the others.
Investing in skyscrapers is not a simple matter.
Whether the costs can be recovered is another huge question.
However, if the land is acquired first and then developed later, it doesn't align with Wang Duoyu's plan, and Zhang Yuebin would definitely be badly taken advantage of as well.
Because of the Pudong New Area's planning, it's essential to achieve tangible results.
If Want Want Group acquires the land but waits ten years or so to develop it, isn't that just occupying a position without actually doing anything?
However, if you invest nowadays, you won't necessarily lose money, but you definitely won't make much money either.
However, upon closer examination, Want Want Group possesses a considerable amount of capital, and investing in several office buildings in Pudong New Area should not be a problem.
Besides office buildings, you can also invest in residential properties.
Making money is secondary; the priority is to secure the spot first.
"Secretary Zhang, how about this: you guys finish the plan first, and I'll take some time to go to Shanghai and we can discuss it in detail then, okay?"
Upon hearing Wang Duoyu's words, Zhang Yuebin was overjoyed and nodded repeatedly.
Just then, lively sounds came from outside the living room.
Soon, Wang Duoyu and Zhang Yuebin walked out of the study and saw Guan Chonggui and his group.
"Professor Wang, you haven't already agreed to Old Zhang's request, have you?"
Guan Chonggui's expression changed, and he asked nervously.
Before Wang Duoyu could speak, Zhang Yuebin interrupted:
"Old Guan, you're a step too late, haha!"
Then, he looked at Wang Duoyu and said respectfully:
"Professor Wang, I'll go back and make preparations now. You're welcome to come then."
Upon hearing this, Guan Chonggui was furious. Zhang Yuebin had no sportsmanship at all; how could he run so fast?
Seeing Zhang Yuebin leave arrogantly, Guan Chonggui felt an urge to punch him.
A few minutes later, in the same study, Guan Chonggui was now sitting in the same spot as Zhang Yuebin.
Wang Duoyu had already guessed the latter's intentions, so he told the other party to get straight to the point.
Guan Chonggui was somewhat resigned to his fate, but he still patiently finished explaining.
To Wang Duoyu's utter dismay, instead of developing the original Chaoyang Guomao CBD, Beijing decided to develop the Wanfeng Road and Jinqiao Village area.
Speechless!
Wang Duoyu had no idea what the other person was thinking.
However, there is plenty of land in the capital, so choosing any location is not a big problem.
Wanfeng Road is also close to Fuxingmen, perhaps that's the reason?
However, after thinking for a moment, Wang Duoyu pointed to the location on the map and said:
"Secretary Guan, if you're developing new high-rise buildings in Beijing, it might not be ideal to build skyscrapers within the Second Ring Road. But wouldn't this area outside Jianguomen in Chaoyang District be a better fit?"
Within the Second Ring Road, there are clusters of traditional courtyard houses. If development were to take place, relocation would be necessary, which would not only be troublesome but also result in losses and increased costs.
Alternatively, you could choose established factories, but of course, there aren't any established factories covering entire areas.
Therefore, it can only be outside the Second Ring Road, and even within the Third Ring Road, it depends on the location; not every location is suitable.
Upon hearing this, Guan Chonggui glanced at the map, frowned, and pondered for a moment before saying:
"Professor Wang, this isn't a big problem. I can convince the other comrades, but..."
He wanted to say that Want Want Group shouldn't show favoritism, after all, Want Want Group has invested in three office buildings in Guangzhou.
He also agreed to let Zhang Yuebin invest in Shanghai.
So, surely they'll also be investing in Beijing, right?
Before he could speak again, a cacophony of noises from outside drifted in.
It's highly likely that Yuan Youlan has arrived. (End of Chapter)
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