Financial freedom starts with the pursuit of a cool female doctor

Chapter 83 Transcend Technology
"Chuanchuan? Why is he called that..."

Wang Wei frowned and scratched his chin, trying to guess Zhuo Tong's intentions.

"Think about it, your company is essentially providing users with a second-hand trading platform, which is equivalent to transferring everyone's surplus items to a platform so that resources can be allocated more rationally."

"Pass it on, I see... Pass it on, that's a good name!"

Wang Wei and Liang Tao nodded in unison, but the latter added a comment:
"So this is what your company does."

These words nearly made Wang Wei's jaw drop.

"Brother Tao, don't try to scare me. With such a big investment, you don't even know what my company does?"

"I didn't think much of it because you're Ah Zhuo's classmate and he's also participating."

Wang Wei clasped his hands in a respectful gesture, his expression serious and earnest.
"Brother Tao is a true friend!"

He truly hadn't expected that Brother Tao would actually step up when something was wrong, unlike those profit-driven bastards in the capital market.

If "money is like dirt," then they are like dogs that can't change their nature, with an exceptionally keen sense of smell, able to quickly detect business opportunities and trends.

However, one must be extremely cautious before investing and needs to review various materials.

They scrutinize company financial reports, project plans, senior management personnel, legal risks, and so on, fearing they might lose money.

Brother Tao is different; he'll invest 600,000 yuan without hesitation.

It was entirely out of trust in Zhuo Tong that they didn't even intend to find out what the company did.

If you didn't know better, you'd think you were playing PUBG. It's like you can jump or throw with a single click.

But it's precisely because he's such a good older brother that Zhuo Tong was willing to grow up with him and still keep in touch.

Envy, so envious.

"Brother Tao, you've invested 600,000 yuan, you can't be so hasty."

“That’s right, you need to find out more about it. Otherwise, what if your sister-in-law asks you why you suddenly invested 600,000 yuan and where it went, and you can’t answer her?”

Liang Tao scratched his head and gave an awkward smile.

He hadn't really thought that much about it before.

Anyway, since Zhuo Tong asked him to help by providing money and manpower, and to help his group of uneducated young brothers find decent jobs, he wouldn't refuse no matter what.

Looking back now, I realize I was a little impulsive.

Even if I don't care about the company's business, I still have to get past my wife first.

"Okay, tell me what your company does."

"Awei, you tell me, after all, I don't know you as well as you do."

"Okay, I'll give you a brief overview."

Wang Wei cleared his throat, took out his phone, and opened his company's official website and app.

"My company was originally called 'Xunliangji Technology Co., Ltd.' and was a trading platform specializing in original second-hand digital 3C products."

"Our main business is original second-hand Apple mobile phones that are 90% new or better, but it also includes other brands of mobile phones, tablets, laptops and other digital products and 3C accessories."

“Sellers list digital products on the app, and dedicated recycling personnel come to collect them, take them to the factory for multiple rounds of quality inspection, and then we set the price and put them on the market.”

"After the buyer places an order, the digital products are delivered by express delivery. Once the buyer confirms receipt, the payment will be transferred to the seller."

"We mainly earn the difference between the buying and selling price and the service fees for quality inspection and recycling." Liang Tao nodded, understanding the company's business operations.
"I see. In short, it's an online flea market, right?"

"That's right, but compared to flea markets, we act as intermediaries, helping with quality inspection and pricing, ensuring that the rights and interests of both buyers and sellers are not harmed."

"Great, great. I have some old appliances at home, can you recycle those?"

Wang Wei shook his head:
"Although we tried to enter the home appliance market, there are so many types of home appliances and they are updated too quickly, so second-hand ones are almost meaningless. In the end, the whole plan died in the womb."

"Even large home appliances like TVs, refrigerators, and air conditioners are recycled by official personnel; it's not up to us third parties."

At this point, Wang Wei's expression showed some regret.

He was strongly opposed to the project when it was first launched within the company.

Because apart from large items, small appliances such as kettles and water dispensers can be used for a long time, and it's not a big loss to replace them even if they break down.

In addition, since they are closely related to daily life and new products are constantly being launched on the market, people generally do not choose to buy second-hand small home appliances.

Appliances like ovens, juicers, and vacuum cleaners, which aren't widely available, are even more difficult to sell.

However, there were differing opinions within the company, and there was also pressure from relevant investors. Wang Wei himself was also somewhat hesitant, but ultimately the project was approved.

The result is what it is now. The company has spent a lot of money and effort to establish a quality inspection line, train personnel, and has also studied the quality standards of different electrical appliances.

However, a leading technology company entered the market and drove down the prices of many types of home appliances, thus increasing the cost-effectiveness of the products.

When everyone sees that buying new home appliances is cheaper than buying used ones, who would be foolish enough to choose used appliances?

Besides, a significant portion of its service life has already been used up, so who knows how many more years it can be used?

As a result, the second-hand appliance trading business was completely halved, with less than one-thousandth of the transaction volume remaining in just one month.

Even trading in an old item for a new one is more cost-effective than buying a used one.

After the cash flow was cut off, the big capital quietly withdrew, leaving the company insolvent and unable to even pay salaries, and then it prepared for bankruptcy.

Only Wang Wei, out of conscience, sold a lot of equipment and managed to pay out the compensation.

Now that Zhuo Tong and Liang Tao are the only ones willing to take on this mess, he is so grateful to them.

"That's right, the home appliance market is not suitable for second-hand recycling, but there is another market that is, and this can be the direction for expanding our business in the future."

What market?

Wang Wei looked at Zhuo Tong with curiosity.

He knew this kid... his godfather had a lot of tricks up his sleeve, ever since he started college.

If it weren't for the family crisis that happened at the time, he would definitely be another major shareholder of this company now.

As for lessons learned such as "don't start a company with your best buddy," frankly, it just means you're not as close as them.

“We can also handle the supply of bags, shoes, clothes, and even luxury goods such as jewelry and watches.”

"Think about it, these things are already heavily overpriced, but secondhand goods depreciate quickly and there are very few products that retain their value well."

"Some people are vain and buy things against their will, only to have to sell them later when they run out of money. And the general luxury goods buyback market usually offers huge discounts."

"If they can recover 50%, it's because they're doing good deeds. But we're more conscientious than them. By controlling the price difference, our market share will naturally stabilize."

(End of this chapter)