Liu Yanran promised that in addition to the annual taxes, she would donate 5% of her profits to the military and education. Based on Liu Yanran's previous good reputation, the higher-ups agreed to this Sino-foreign investment.
At first, some people opposed it, but when the Finance Department began to receive tens of millions or even hundreds of millions of dollars in donations every year starting from the second year, everyone shut up.
Mu Ning's identity was confirmed, but he still preferred to return to the United States. After all, he had brothers and sisters with his biological mother Liu Chunling, but Mu Nianzhen was really all alone. However, Mu Lei promised to take him back to China every holiday to reunite with Liu Chunling for a while.
Liu Yanran and others are here in China, so he just provided channels for purchasing factory equipment and transferred two confidants from the United States to manage it here. He himself will not stay in China for a long time because his wife and children are in the United States.
The catering business mainly includes the previous Liuji Hotpot and Sweet Chocolate, which are still managed by Liu Guoxing, who holds a 10% stake, which is considered a technical investment.
Liu Yanran bought the land and built the hotel and real estate herself. She hired a professor from the Department of Architecture to draw the blueprints, securing 200 acres of land. Besides the hotel, she also built several skyscrapers and two high-end residential communities. At that time, people were beginning to like living in high-rise buildings, but there were no elevators, so Liu Yanran built six-story houses.
For convenience, Liu Yanran also built shopping malls, schools and hospitals. It can be said that the supporting facilities are very complete, and a complete business circle was formed in less than three years.
The entertainment business primarily involved the printing and distribution of various books and periodicals to Chaoyang Colleges across the country. When rumors of factory privatization emerged, Liu Yanran contacted the Jingshi Printing Factory, which now also held shares in the J&R Group. Deng Jingxuan was primarily responsible for this area. Besides helping with management, he also invested all his savings over the years, acquiring an 8% stake.
On the venture capital side, Liu Yanran also hired two veterans of Times Venture Capital, Meng Xiaoxiao and Li Jie, at high salaries to help train new talent. They also included several top finance students who had just returned from studying abroad in the United States. They were all familiar with Times Venture Capital. Liu Yanran gave each of them 1% of the shares, while she herself held 51%.
With funding and official support, J&R Group quickly became famous. Everyone in China would give it a thumbs up when they mentioned it. But who would have believed that its management team was so young, with an average age of less than 30? It was because Mu Lei and Deng Jingxuan raised the average age. It can only be said that heroes emerge from young people.
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