Chapter 290 Zheng Mengjiu’s Proposal (Updated)

“By the way, Xiao Ma, are you planning to move your company to the imperial capital? Ding Lei contacted us not long ago and said that they were considering moving NetEase to the imperial capital in April this year, and it is possible that we will be neighbors...” Halfway through the conversation, Lei Jun remembered their other mutual friend - Ding Lei.

After realizing that Internet advertising revenue would be an indispensable profit point for Internet companies, in late June last year, Ding Lei led the NetEase homepage to be redesigned into a "portal", and the NetEase portal was officially launched. Less than a month after NetEase changed its homepage to a web portal, the number of visitors increased sharply, with nearly 100,000 visitors per day, a huge increase compared to the previous data! In January 1999, NetEase was once again rated as the first of CNNIC's "Top Ten Dragon Country Websites". In the selection of the "Top Ten Dragon Country Internet Websites" hosted by the Internet Information Center, NetEase ranked first twice, becoming the most popular website among domestic netizens.

As the company became more and more famous, Ding Lei, the company leader, also had the idea of ​​changing the office location. In his opinion, Guangzhou was too "isolated" after all, and he had to go to a more prosperous city to get more resources and channels more conveniently. The capital was naturally a good choice.

Ma Huazhuo chuckled and quickly rejected Lei Jun's invitation. He was not like Ding Lei who started his own business alone. His relatives and friends were all in Pengcheng, and even his family's connections and channels were here. Moreover, this place was very close to Hong Kong. If there was any disturbance in the international arena, he would be able to receive the news quickly.

Giving up the many advantages here and running to the capital where we are unfamiliar with the place, isn't that like "picking up sesame seeds and losing watermelons"?

Seeing Ma Hua's refusal, Lei Jun did not feel entangled. He just encouraged the other party for a few words and ended the call after they met at the end-of-year party.

——————Dividing line——————

Hyundai Kia Automotive Group, inside the chairman’s office.

Zhang Junfeng, who was invited again, looked at the company name hanging on the outer wall of the building and saw that it had changed. Zhang Junfeng smiled and joked, "I didn't expect Chairman Meng Jiu to be so efficient. It's been less than two weeks since the press conference, and the company has already started to make adjustments!"

After hearing Zhang Junfeng's teasing, Zheng Mengjiu, who was in a good mood, also echoed his words.

"President Zhang, I invited you here this time because I have an important matter to discuss with you. It's about the car sales in Longguo."

Zheng Mengjiu quickly explained the main purpose of inviting the other party to attend this time. "According to the investigation and analysis conducted by our people there, the economic growth rate of Longguo in the past two years is much better than we expected. However, it is still quite difficult to get them to spend a large sum of money to buy an expensive car."

"If KB Bank under Comet Capital can open a branch in mainland China and start the installment payment business for purchasing Hyundai cars, I think our group's car sales will increase significantly in a short period of time~!"

"...You mean to let KB Bank open an installment repayment business in Longguo? Just like it is in China now?" Zhang Junfeng was stunned for a moment. Before this, he did not expect the other party to make such a request, but after thinking about it carefully, there is indeed a certain room for maneuver.

In addition to opening the installment repayment service for purchasing Hyundai cars, you can also open the installment repayment service for other more expensive products, such as the mobile phones sold by Samsung Group in Longguo, the large home appliances sold by the shopping mall...

And he only needs to conduct a detailed data review and asset check on KB Bank's users who apply for credit cards and installment repayments in Longguo. I think the risk of overdue payments will be greatly reduced. In this way, he will definitely be able to achieve revenue greater than losses, which is still very promising~!

…

Although Zhang Junfeng had already made a preliminary decision in his mind, he still did not show any obvious inclination on the surface. He just smiled and said to Zheng Mengjiu, "Chairman Mengjiu's proposal can be considered, but I can't guarantee whether KB Bank can pass this resolution. After all, the situation in Longguo is still quite different from ours."

"If the repayment capacity of the people there is not as strong as we expected, I am afraid that the installment loan method for buying cars may not be widely promoted..."

Hearing what Zhang Junfeng said, Zheng Mengjiu smiled awkwardly and nodded reluctantly. He knew that what Zhang Junfeng said was right. After all, banks make profits by absorbing deposits from depositors and making loans to the outside world to earn interest differentials.

However, if the borrower's repayment ability is a big problem, then recovering the principal of the loan may become a problem. After all, you want the interest, and they want your principal. Everyone has their own interests!

In addition to this proposal, Chung Mong-koo also told Zhang Junfeng about the current progress of the merger of the two companies. The most troublesome thing is that Kia Motors has a large number of unsold cars that are stockpiled in the factory area. These inventory backlogs have greatly squeezed the company's working capital.

This was precisely one of the main reasons why Kia Motors Group's capital chain was eventually broken, so how to deal with the huge amount of inventory after the merger became a top priority.

After thinking for a moment, Zhang Junfeng suggested in a tentative tone, "How about replacing those unsalable cars with Hyundai logos, shipping them to Southeast Asia, and selling them cheaply? If we do this, we can at least recover 50% or even 60% of the cost..."

"...What if we modify them and ship them to Longguo for sale?" With only 50-60% of the cost, Chung Mong-koo was naturally not happy. After all, the money earned from selling those cars will be the start-up capital of Hyundai Kia Automotive Group in the future. Naturally, they hope to sell more and at a higher price! "...Selling to Longguo is also possible. But are the performance of these cars in line with the level of Hyundai Motor Company's own production? If the difference is too big, selling them to Longguo will probably damage our own brand and reputation!"

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

Zhang Junfeng could naturally guess what Zheng Mengjiu was thinking. It was just that the products produced by Kia Motors were sold as Hyundai cars. Once people found out about the trick, Hyundai Motors' good reputation in the Dragon Country's car market would be wasted!

(End of this chapter)