Starting in November, Wujiang Group stepped in to rescue the market.
With an investment of over HK$10 billion, the company began a frenzy of acquisitions of Hong Kong banks, insurance companies, trust companies, securities firms, financial leasing companies, futures companies, funds, fund subsidiaries, fund sales companies, microfinance companies, pawnshops, and other financial companies.
Through integration, Galaxy Financial Company was established as a group company, which mainly includes four companies: Galaxy Bank, Galaxy Securities, Galaxy Insurance, and Galaxy Fund.
In addition, he invested HK$20 billion to aggressively buy shares of his favorite companies in the stock market.
With such a massive amount of funds invested in the stock market, the effect of rescuing the market was immediate.
The Hong Kong stock price was almost entirely driven up by Wujiang Group.
At this moment, almost all of Hong Kong is cheering!
At the same time, it made them truly realize just how incredibly wealthy the Wujiang Group was. Compared to it, Hong Kong's top tycoons were like little brothers, unable to compete!
Has anyone ever seen a single company save the Hong Kong stock market?
Wujiang Group did it!
This move has greatly boosted the confidence of Hong Kong stock market investors!
However, at that time, the Hong Kong market was still relatively small. Wujiang Group itself had amazing financial resources and had borrowed so much money from banks. It would be an easy task to boost the Hong Kong stock price.
In fact, as long as morale is boosted, the stock market will naturally rise.
At this time, Wujiang Group still held a large amount of funds. Part of the funds were used to purchase shares of companies with development potential in European and American stock markets, and another part was used by Wanjiang Real Estate in Tokyo, Japan to purchase land and build buildings.
This "Black Monday," Wujiang Group emerged as the biggest winner, its generous and magnanimous purchase of bargains at rock-bottom prices drawing envy from many.
China was also affected by the global stock market crash, but the impact was relatively small.
Undoubtedly, major media outlets are once again focusing their coverage on Wujiang Group.
For Chinese people, the global stock market crash caused heavy losses for countless companies, but Wujiang Group made a fortune.
Aren't you proud? Of course you are extremely proud! Who wouldn't be proud to have such an amazing company in China?!
However, this is rather unpleasant for some people who are envious of Zhao Ye and Wujiang Group.
The Institute of Computing Technology, which grew up alongside Wujiang Group from a "small" size, has now become a "dwarf," while Wujiang Group has become a towering mountain, inspiring awe and reverence.
Both started with Chinese character cards, so why is there such a huge difference?!
Liuchuan City is practically in despair after seeing a newspaper article stating that Wujiang Group may have profited over billions of dollars from this "Black Monday" stock market crash! Is this even fair?!
At this moment, the name of Wujiang Group once again resounded throughout the country.
Some say that Zhao Ye is not only a tech genius, but also has an amazing talent for economics. Otherwise, how could Wujiang Group have accurately predicted the global stock market crash and profited from it?
Many people firmly believe this.
In his previous life, in the 1990s, countless Chinese newspapers, magazines, and self-help books featured Bill Gates as the protagonist of their stories, writing numerous articles praising him.
It can be said that Bill Gates is an American, but he was once an idol of the Chinese people.
However, in this life, the only idol for the Chinese is Zhao Ye, and Zhao Ye will also end Bill Gates' business empire and take its place, if the US government doesn't renege on its promises...
...
Historically, the film and entertainment industry tends to grow after a stock market crash.
For example, the US stock market crash led to the rise of Hollywood. In 1929, an economic crisis triggered by a stock market crash plunged almost all industries into a winter and triggered the Great Depression of the 1930s. However, the Hollywood film industry went against the trend and ushered in the golden age.
Hong Kong cinema in the 1980s and 90s was also exceptionally prosperous.
Perhaps due to the economic downturn, people have more free time, or perhaps they are feeling down and need to release their emotions. As a result, the film and entertainment industry has been able to develop rapidly.
Wujiang Group wants to pursue a pan-entertainment strategy, but its current business scope still has many shortcomings, including film and television.
Next year, joining ATV might be a good opportunity.
Of course, watching movies is entertainment, and playing games is also entertainment.
The gaming industry has also flourished since the stock market crash!
Sales of "Qiongqi Game Console", Gameboy and "Wujiang Electronic Pet" have all increased significantly, and they are almost all in short supply.
Zhao Ye originally wanted Wujiang Microelectronics to do wafer foundry work, but to his surprise, the foundry business of the newly built wafer fab had not yet started, and it was all about providing chips for its own products.
Almost everything under the Wujiang Group, except for WPS software, requires chips.
Chinese character cards, typewriters, pagers, computer motherboards, Qiongqi game consoles, Game Boys, electronic pets, game cartridges, etc...
In addition, it also supplies chips to other domestic companies. This includes not only providing chips for "learning machines," but also cooperating with Wujiang Group for any product that requires chips.
For example, the television industry has a digital video processing chip used in television sets.
It's important to understand that chips are to televisions what the brain is to humans. Through the precise control of television hardware and software by chips, televisions can deliver exceptional audio-visual effects.
China produces tens of millions of television sets every year, yet it cannot produce digital video processing chips.
The earliest known product of this type of chip was developed in 2004 by Hisense, which created a digital video processing chip called XinXin, thus filling a gap in the domestic market.
In response to requests from domestic television manufacturers, Loongson Design took on the task of designing digital video processing chips.
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