Chapter 506 Development That Goes Unnoticed



If we calculate based on an average of $1,000 per person, that would amount to $200 billion.

Who wouldn't envy such wealth?

With Ruyang Group's current strength, making money from this amount of money would be incredibly easy.

However, after they estimated Jinlongbao's daily losses, they immediately fell silent.

This project is definitely going to be profitable, but the initial investment is enormous, something most people can't afford.

More importantly, no one was prepared for this, so even if they wanted to compete, they had no chance.

With the future uncertain, everyone chose to wait and see.

They wanted to see whether Su Wu's financial plan would succeed or fail.

And so Jinlongbao began to grow stronger with almost no interference.

With a user base established, the next step is to increase usage.

This is when Su Wu really started burning money.

Businesses in Europe and America can sometimes be very stubborn.

When faced with new things, their usual choice is to reject them.

Many people have no opinion on Jinlongbao's single payment model.

How can the merchants negotiate like this?

Su Wu's strategy was to use money to buy his way in.

As long as you use Jinlongbao for settlement, I will give you a commission and subsidies.

That's right, they're playing that ruthlessly.

Faced with such benefits, few people adhered to their so-called principles and chose to cooperate.

On the other hand, expanding Jinlongbao's influence lies in its daily public service system.

This is where the advantages of his global cloud service plan become apparent.

With existing cloud service partnerships, it's not difficult to establish such a relationship as long as sufficient concessions are made.

After negotiations, Ruyang Group secured cooperation with many local governments and began to promote the Jinlongbao convenient payment model.

And this is just the beginning.

As Jinlongbao Payment began to penetrate various industries, Ruyang Group began to heavily promote various internet-based service platforms.

In short, Su Wu promoted the network economy model that had reached its global peak in China during his previous life to foreign countries.

In comparison, this is actually not difficult at all.

Because Longyao mobile phones account for more than half of all mobile phone users worldwide.

With such a large user base, launching some apps is not a difficult task.

Moreover, these apps are essential to better showcase the superiority of smartphones.

The entire system began to grow quietly and slowly overseas, like spring rain nourishing all things, without making a sound.

After a year of development, Jinlongbao has reached 800 million users, covering almost all the population under 30 in developed regions.

The use of various apps is becoming more and more frequent, and they are beginning to generate economic value.

It's not that so many projects went unnoticed, but Su Wu wasn't stupid either.

Apart from Jinlongbao, all the apps are collaborations between Ruyang Group and local conglomerates.

The Ruyang Group operates behind the scenes, making it impossible for outsiders to uncover its secrets.

In addition, as the value of the Golden Dragon Coin has increased, it has become a new favorite for capital speculation and has attracted more attention.

Many conglomerates have begun developing new digital currency systems, busy trying to make money by following the trend.

Thus, Su Wu's plan progressed smoothly for two years without interference.

In the past two years, Ruyang Group has burned through tens of billions of Dragon Coins.

Ruyang Group Headquarters

It's a new year again, but the people attending the meeting are noticeably different.

Aside from elderly people like Yang, there were many more foreign faces attending the meeting this time.

They are all agents from all over the world, responsible for handling affairs in various places.

Everyone looked at Su Wu, who was sitting in the first seat, with eyes full of admiration and faces full of undisguised joy.

Because after two years of operation, they are finally about to explode.

Su Wu looked at the relevant documents in his hand, his expression calm.

"Ladies and gentlemen, after two years of operation, Jinlongbao has established a firm foothold in the international market. According to this year's data reports, Jinlongbao has nearly 1 billion international users and has attracted deposits of 500 billion US dollars."

"Judging from the current situation, Jinlongbao has achieved our expected goals, but the conversion of Dragon Coins is still somewhat unsatisfactory. We hope everyone will continue to work hard."

His words echoed in the hall, and everyone seemed somewhat excited.

Who would have thought that a project that was initially not well-regarded would achieve such success?

Everyone can now foresee that this is just the beginning, and the future will be even more terrifying.

Su Wu smiled, looked around, and continued speaking.

"I have reviewed the cooperation proposals from various banks across the country. Cooperation is possible as long as our interests are not harmed. My suggestion is to keep our shareholding above 50%, and the rest can be financed."

There is no doubt that Jinlongbao needs financing.

He disagrees with developing in one region; he is now facing the whole world.

Without the support of local banks, there is no support from local governments, which is detrimental to development.

Su Wu was well aware of this, as were everyone else present.

So there's not much to discuss on this topic; it's been studied many times already.

Now that Su Wu has given his consent, all that remains is to carry it out.

The focus of this meeting was the financing issue for service platforms in various regions.

After two years of continuous spending, the data from various online platforms is already very impressive.

With such impressive data, it's no surprise that there's a lot of capital looking to invest.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List