"Why?" Liao Xinghua asked, slightly surprised.

Zhao Ye laughed and said, "Because Wujiang Group will be investing in launching many commercial satellites!"

He paused slightly and gave an example: "In the early 1980s, Walmart, the 'retail giant,' invested in launching a commercial satellite and established its own satellite communication system, enabling each of its stores around the world to have its own terminal and connect to headquarters via satellite."

This allows stores across the country to conduct a complete inventory check of every item's stock, shelf availability, and sales volume within an hour. Furthermore, through satellite communication systems, Walmart's data centers have established connections with suppliers, creating a rapid-response supply chain that ensures Walmart supermarkets never run out of stock!

"As the number of Wujiang Group's flagship stores increases, it will also need to launch commercial satellites and establish its own satellite communication system!"

Upon hearing this, Liao Xinghua nodded in agreement. Given the scale of Wujiang Group, launching a commercial satellite was indeed necessary.

Zhao Ye added, "Furthermore, I recently acquired Asia Television and want to develop it into a global satellite television network... Look, they're launching a communications satellite now, aren't they? I'm a major client of communications satellite companies, so do you think GE would object to me investing in Asia Satellite? In that case, I'll have to find other companies to cooperate with!"

Zhao Ye hadn't mentioned that the news agency he was planning to establish would also need to use communication satellites.

Upon hearing this, Liao Xinghua couldn't help but laugh: "No wonder Boss Zhao is so confident, it turns out you have so many orders in hand. If I were you, I would also try my best to win you over!"

"By the way, how many shares of Asia Satellite Company do you want Wujiang Group to hold?"

“Wujiang joined later, so how about CITIC and GE each hold 40%, and Wujiang only holds 20%?” Zhao Ye had no ambition for Asia Satellite Company. Asia Satellite Company was just a transitional company. He would create his own aerospace technology company in the future.

Ultimately, Asia Satellite Communications is a commercial satellite operating organization, not a technology company.

However, investing in Asia Satellite Company now not only makes satellite launches more convenient, but also allows the company to entrust the operation of the satellites to Asia Satellite Company, thereby saving the group a lot of money.

Liao Xinghua had no objection to Wujiang Group's plan to hold only 20% of Asia Satellite Company's shares.

"Mr. Zhao, since you're planning to invest in launching a communications satellite, do you have any knowledge about current satellites?"

Zhao Ye shook his head: "I don't know."

Liao Xinghua explained, "Geostationary communication satellites need to be launched into a geostationary orbit 36,000 kilometers above the equator, which is technically quite difficult. On April 8, 1984, my country's first communication satellite, Dongfanghong-2 0b, was successfully launched, ending the long history of our country having to lease foreign communication and broadcasting satellites."

"This shows that my country has the capability to launch communication satellites. However, the manufacturing technology for communication satellites is still relatively backward, with a short design life of only three or four years, and the data transmission quality is generally poor..."

"If you are going to launch a communications satellite, I still recommend that you purchase a communications satellite manufactured by a Houston-based company."

"China's communication satellites have a long way to go before they can be commercialized."

After Liao Xinghua finished speaking, he couldn't help but sigh slightly.

Zhao Ye was also helpless upon hearing this. Domestic communication satellites were inadequate, so they had to purchase foreign communication satellites and then transport them to China for launch. This was precisely the reason for the existence of Asia Satellite Company.

...

Around 10 p.m. that night, Zhao Ye received a phone call from Liao Xinghua at home.

"Mr. Zhao, CITIC Group has communicated with General Electric of the United States, and both parties have expressed their welcome to Wujiang Group joining Asia Satellite Company. Wujiang Group only needs to invest US$10 million to obtain a 20% stake."

"No problem, I'll arrange for someone to sign the contract with you tomorrow."

"Okay, goodbye, I won't disturb your rest any longer." Liao Xinghua smiled and hung up the phone.

Zhao Ye then picked up the phone and arranged for someone to meet with representatives from CITIC Group and GE the next day to sign the contract.

As for signing contracts, Zhao Ye doesn't need to handle it personally.

He has already made plans to meet with other people tomorrow morning.

At this moment, he was thinking about how to persuade the other party to agree to his conditions tomorrow, unaware that the entire Hong Kong entertainment industry was in an uproar, and many people had a sleepless night.

His speech on ATV that morning spread like wildfire, causing a stir in the entertainment industry.

"As expected of the world's richest man, he's incredibly wealthy. Not only is he investing huge sums in ATV, but he's also investing in launching a communications satellite to turn ATV into a true Asian television station. Oh my, just thinking about this makes me want to switch from TVB to ATV!" A TVB actor, after finishing a night scene, couldn't help but discuss the news he'd heard that day with his colleagues.

"Yeah, I want to go too. ATV artists already earn more than TVB artists, and now with Zhao Ye as a powerful backer, the career prospects for ATV artists might far surpass those of TVB artists..."

"..."

Jiahe.

Zou Huaiwen said to He Guanchang, "Since Zhao Ye took over ATV, he has indeed made some big moves. He truly lives up to his reputation as the boss of Wujiang Group. From now on, Golden Harvest should take the initiative to cultivate good relations with ATV so that we can leverage ATV's power to promote Golden Harvest's films and artists!"

He Guanchang nodded.

...

The Shao family.

Uncle Shao was deeply worried. He wasn't afraid of anyone else coming to ATV, but the Wujiang Group was just too rich and used its power to bully people, showing absolutely no sense of martial ethics.