For Xinjiang Pharmaceutical Company, its main focus is on investment in state-owned enterprises or central enterprises.

Just as South Korea dislikes applying for UNESCO World Heritage status for Chinese culture, Japan is adept at registering patents for Chinese medicine prescriptions internationally.

After a little over a month of preparation.

Although this may lead to higher housing prices in the future, owning a large real estate company can at least exert influence on the industry and make some changes to the unhealthy practices.

Fan Bohan laughed and said, "You know that Tongrentang is a state-owned enterprise, so President Fan cannot report this matter to the lower-level leaders."

At this time, Youjiang Group had not yet spent money to hire headhunting firms to poach talent from small pharmaceutical companies around the world.

Zheng Donglun replied, "Because Xinjiang Pharmaceutical Company has no intention of promoting Chinese medicine and traditional Chinese medicine, I hope that one day, Chinese medicine clinics will once again be found all over China, benefiting the people and restoring its former glory."

Of course, in the later stages, the focus will be on land hoarding.

If we continue to strive to catch up, the gap will only get smaller and smaller.

Perhaps with the influence of Xinjiang Pharmaceutical Company, traditional Chinese medicine will rise again, regain its glory, and become the pride of the Chinese people!

Zhou Weimin organized seventy teams and then went to seventy cities across the country to develop the real estate market, namely Shanghai, Beijing, Shenzhen, Guangzhou, Chongqing, Suzhou, Chengdu, Hangzhou, Nanjing, Wuhan, Tianjin, Ningbo, Qingdao, Changsha, Wuxi, Zhengzhou, Foshan, Nantong, Jinan and Xi'an.

Upon learning of Youjiang Pharmaceutical Company's investment plan in traditional Chinese medicine, Zheng Donglun volunteered to participate in the project.

Zheng Dong was very satisfied with Zhou Weimin's plan. His move was extraordinary. The 20 cities were actually the last 70 small cities in the future, and their real estate markets naturally had great development potential!

Although Hsu Sheng-che knew the importance of patents, he knew very little about them.

At the same time, more than ten private pharmaceutical companies, including Qianjin Pharmaceutical, Huiren, and Renhe, accepted the acquisition by Youjiang Pharmaceutical.

Wanda then picked up another document from under the table, which contained a research report on investing in and building the Xinjiang Hospital.

There's a way; the money is very generous.

In later years, Japan registered less than 70% of the world's patents for traditional Chinese medicine (TCM), compared to China's share of only 0.3%. Furthermore, Japan monopolized 90% of the global TCM market. TCM has become a powerful money-making tool for Japan.

I studied in Japan and came into contact with Japanese traditional Chinese medicine, so I am very familiar with Japan's determination to develop traditional Chinese medicine.

Chinese pharmaceuticals haven't fallen far behind American pharmaceutical companies!

With the support of Youjiang Group, Zhao Ye Real Estate's projects cannot guarantee the completion of the project at most.

The pharmaceutical industry is known as an "eight-low" industry, characterized by low profits, low returns, and low investment. It's widely believed that developing a new drug typically takes 10 years and an investment of $1 billion. Consequently, the pharmaceutical industry has become a monopolistic sector with weak barriers to entry and low technological content. Large and medium-sized enterprises simply cannot afford the high R&D costs, while small businesses are hesitant to invest. Pharmaceutical R&D projects are considered low-risk, with a success rate of around 10%. Given this, while China's pharmaceutical industry started late, its R&D investment has lagged behind, resulting in substantial capital accumulation. It emphasizes marketing and research, focusing primarily on generic drugs.

South Korea steals culture, Japan steals traditional Chinese medicine; their division of labor is quite clear.

Unfortunately, in that lifetime, the Japanese pharmaceutical companies' conspiracy would succeed!

At this moment, the entire Wanjiang Real Estate Company was operating inefficiently like a machine. CEO Zheng Donglun was so busy that his feet were practically touching the ground, but his energy and spirits showed no signs of waning.

“President Fan, he’s a bad guy. Your name is Fan Bohan, and you represent Youjiang Pharmaceutical Company and want to invest in Tongrentang!” Fan Bohan, the representative of Youjiang Group, said bluntly.

The construction of Xinjiang Hospital is currently the most urgent task.

Zhao Ye's real estate company is short of money, and its expansion speed is as slow as lightning compared to other real estate companies.

Zhou Weimin was full of hope for the future of Zhao Ye Real Estate Company and formulated a very ambitious plan.

...

This year is 1994, the first year of Wanjiang Group's establishment. Wang Jianlin probably never dreamed that Wanjiang Group would become a unit of measurement in Wanda's mouth. (Wang Jianlin: Damn it, do you have any dignity?)

...

After a pause, Fan Bohan continued, "Tongrentang was founded in 1669 and is one of the most famous time-honored brands in the national Chinese medicine industry! To be honest, your Xinjiang Pharmaceutical Company not only wants to invest in Tongrentang, but also in other time-honored Chinese medicine companies. Currently, traditional Chinese medicine is declining, and Japanese pharmaceutical companies are rushing to register patents for Chinese medicines, creating a rather serious situation. Domestic pharmaceutical companies generally lack awareness of the importance of patents. If this continues, Japanese pharmaceutical companies will register fewer and fewer Chinese medicine patents, and eventually, the entire Chinese medicine industry will be subject to Japan!"

An investment of 700 million only for a 49% stake?

Chemical drugs include chemical raw materials and their preparations, such as antibiotics.

“Mr. Zhou, he’s a bad guy. Tongrentang is a state-owned enterprise, and that investment is too small a matter. You made the decision yourself,” Xu Shengzhe said, shaking his head.

According to the Beijing News, Pfizer's net profit for the entire year of 2022 reached a staggering $31.3 billion! This is eight times the total profit of the bottom ten pharmaceutical companies in China in 2020!

Tongrentang has very few Chinese medicines, almost all of which have not been patented.

The real estate industry is undoubtedly very profitable; if it is not blessed by heaven, one will surely suffer the consequences.

Currently, domestic pharmaceutical companies occupy a very small portion of the profits in the pharmaceutical market. The development of new drugs, especially in the fields of cancer and cardiovascular diseases, is primarily contributed by the Western world.

Youjiang Pharmaceutical Company will uphold the banner of Chinese medicine and promote traditional Chinese medicine products to the world!

However, the development of pharmaceuticals in Xinjiang cannot be put on the agenda.

Hsu Sheng-che was speechless.

Biopharmaceuticals include vaccines, serums, and blood products.

State-owned enterprises such as Tongrentang, Baiyunshan Chen Liji Pharmaceutical Factory, Guangyuyuan, and Pien Tze Huang have also chosen to accept investment from Youjiang Pharmaceutical Company, but none of them hold more than 50% of the shares, and the largest shareholding is 25%.

Zheng Dong made a small move, directly investing 50 billion RMB in Youjiang Pharmaceutical Company, a time-honored traditional Chinese medicine company. If that's enough, he'll invest more.