Tech startup: I really do make mobile phones!

Chapter 89 The Acquisition Battle
8:15 a.m.

Just a month ago, he had to borrow someone's laboratory far away, and now he's suddenly going to acquire it. Chen Mo was a little dazed and went out of the small workshop to get some fresh air.

Looking around the alley, there were scattered cardboard boxes and empty water bottles, half a pancake, and plastic bags left behind by wholesalers.
The notices from the property management company regarding rectification and additional sanitation fees came one after another, stacked into three, and pasted on the wall outside the door.
Chen Mo started dialing the landlord's number.

Since Zhao Tiezhu said that the small workshop across the alley had run away, he rented the opposite side as a warehouse, because the area in front of this place is too chaotic now.

“Yes! I’ll rent it even if the rent doubles!” Chen Mo kicked the cardboard box by the door: “You’ll have to empty it tomorrow, and I’ll use it as a warehouse.”

The landlord gasped in surprise on the other end of the phone. He had only asked for double the price as a trial, and the other party had actually agreed. It seemed that Orange Technology's little workshop had really made a lot of money!

Right now, Chen Mo doesn't have the energy to haggle over a few thousand yuan in rent with the landlord. He has an acquisition of Yuantu New Energy waiting for him to discuss today!

I wonder if Teacher Lin's nephew, who came back from Google's legal department in North America, is reliable.
Chen Mo doesn't have any historical bias towards sea turtles.

Many foreign internet giants have been ruined by hiring these self-righteous returnees as senior executives in the domestic market, who then insist on blindly applying the methods used in foreign markets.

Chen Mo was thinking about how to politely refuse Teacher Lin's nephew if he acted arrogantly later.

At this moment, the person who had arranged for the bank to collect the money at your door arrived.

"Good day, Mr. Chen! We're here to collect today's payment!"

A small van with a metal shell stopped at the entrance of the alley, and a bank employee and two armed guards got out.

After watching the other party quickly count the cash in the safe using their own money counter, Chen Mo signed to confirm that it was being packed into a box.

For small amounts of cash under 500 million yuan, the bank charges a fixed door-to-door service fee of 2000 yuan.

Orange Technology received a total of 500 million yuan in deposits yesterday. Because it was a holiday yesterday, the cash stayed in the safe in the small workshop overnight.

After collecting the money, they climbed into their metal-bodied minivan and sped away.

This is just the deposit that the wholesalers sent yesterday. The final payment is usually in the hundreds of thousands, and it will be directly transferred to Orange Technology's corporate account.

The bank manager who opened a corporate account for Chen Mo couldn't stop smiling. This wasn't just a customer; it was a sales opportunity that had fallen from the sky.

Since its opening, Orange Technology's corporate account saw a turnover of 2.1 million yuan in the first week (an average of 3000 million yuan per day for 7 days), which directly led to an increase of 1.3 million yuan in corporate deposits for the branch in a single week, accounting for 62% of the total account turnover, and achieving 43% of the quarterly deposit target in one fell swoop!

What's even more enviable is the "windfall" brought by high-frequency fund transfers.

The company generated 82 yuan in revenue from weekly transfer fees and account management fees, which is equivalent to 7.5% of the annual intermediary business revenue target.

The branch has now listed Orange Technology as its "strategic emerging industry VIP," with its capital structure alone contributing 17 percentage points to its performance evaluation.

What's most exciting is the back-end calculation: three months later, the account is expected to have 36 billion yuan in funds!

Now, for every transaction at Orange Technology, the manager personally oversees the salesperson to expedite the process, looking at the other party's account as if it were a hen laying golden eggs.

After all, on the Shenzhen branch's performance ranking, "Orange Technology" was already a star performer that propelled the branch from the bottom of the top 50 to the top 10.

Ten o'clock in the morning.

The Shenzhen sun made the blue signboard of Yuantu New Energy shine with a dazzling white light.

Xu Mingyuan stood at the company's main entrance, repeatedly buttoning and unbuttoning the third button of his suit jacket, the sweat on his palms leaving faint marks on the doorknob.

Old Liu, the guard behind him, was "meticulously" watching the gate, but in reality, he would steal a glance every thirty seconds at Xu Mingyuan and his secretary, Xiao Zhang, who were standing outside under the blazing sun as punishment.

Having been misled by Professor Jiang twice before, Xu Mingyuan no longer wanted to mess with his core team. Otherwise, with the company already on the verge of collapse, if he continued with his formalistic practices, everyone would leave.

The subway-adjacent apartment he listed two weeks ago is now like a thorn in his side. The first agent confidently quoted 160 million, but after that blunder, when he was preparing to make a second bid, the price suddenly shrank to 150 million.

After signing the transfer contract last week, he touched the empty keychain next to his car keys and remembered the sound of his son in North America asking him before going to bed, "Dad, when are you coming home?" His Adam's apple bobbed.

"Cough cough."

Xu Mingyuan felt a little dizzy from the sun, so he took out a mint from his pocket and put it in his mouth.

This was the only thing he ate this morning.

"Mr. Xu! You're here!" Secretary Xiao Zhang's voice startled him so much that he almost crushed the candy.

As Xu Mingyuan turned around, the tires of the black van were rolling over the gravel at the entrance, and the car body reflected his dark and haggard appearance like a mirror.

He straightened his back and stepped forward, his palm rubbing against the side of his custom-made suit trousers to create wrinkles before extending his hand.

"General Manager Lian! Welcome to Yuantu!"

Mr. Lian is the Technical Director and Head of Strategic Investment at BTD Group, leading the group's new energy battery technology R&D and full supply chain layout, and is highly trusted by Mr. Wang.

As Mr. Lian got out of the car, he adjusted his sunglasses, and the cufflinks of his Italian-made, custom-made dark gray suit gleamed.

He raised his eyebrows slightly, his deep-set eyes sweeping over Xu Mingyuan's loose tie knot, and nodded with the dignified air characteristic of a veteran group executive.

"Mr. Xu, you're too kind!"

"I'm so sorry!" Xu Mingyuan pointed to a black Audi A6 that was approaching 300 meters away: "The people from Orange Technology are on their way. Could you please wait for 5 minutes?"

His tone carried a hint of caution.

This is inevitable; Yuantu simply doesn't have any bargaining chips to offer right now.

He couldn't afford to neglect either Orange or BTD.

Upon hearing this, General Lian stopped, the tip of his leather shoe grinding against the crack in the paving stones.

His assistant had already opened a parasol for him.

"No problem!" His voice was gentle yet carried an undeniable authority: "They can tour your company together later!"

Then, President Lian stood with his hands behind his back on the steps, watching Xu Mingyuan and his secretary approach the A6.

His assistant stood behind him, holding a parasol.

Go check out this Orange Technology.

Mr. Lian is by no means a mere technologist. His hands, which are often stained with electrolyte, can not only formulate high-nickel ternary lithium batteries with an energy density of 300Wh/kg in the laboratory, but also manipulate the capital market.

The 27 industry mergers and acquisitions he spearheaded enabled BTD to grow from a small regional factory into the second-largest battery manufacturer in China in just six years.

The reverse takeover of a century-old Japanese battery mold company is still regarded by investment banks as a textbook case of "double whammy" of technology and capital.

Even though the company in front of him was an unknown company called Yuantu New Energy, and the company opposite him was a complete stranger in the battery industry, Mr. Lian was still as serious as ever.

When a lion fights a rabbit, he also tries his best.

(End of this chapter)