"How am I supposed to make money with my knock-off pager then?"
Duan Yongping of Xiaobawang Technology Company sighed to the heavens.
Beiping, Institute of Computing Technology.
Liu Chuanzhi, Yang Yuanqing, and the others stared silently at the pile of pagers on the table.
After a long silence, Yang Yuanqing said, "President Liu, how about we sell it at a lower price?"
Liu Chuan sighed and said regretfully, "We started making knockoffs too late and missed a great opportunity. From now on, we must keep a close eye on Wujiang Group. As soon as they release a product, we will immediately copy it! Right now, we can only sell the digital pager at a low price."
Upon hearing this, Yang Yuanqing clicked his tongue in disbelief. President Liu's skin was getting thicker and thicker. He spoke these words with such a matter-of-fact and smooth manner.
Yang Yuanqing felt that he still had a lot to learn from President Liu.
...
Hongkong.
Although these business tycoons do not run technology companies, they are paying close attention to Wujiang Group.
A buying frenzy erupted in Hong Kong for word pagers, sparking widespread discussion.
A golf course.
“I think it’s still more profitable to run a technology company. The pager released by Wujiang Group is very popular in Hong Kong, and there are long queues at major stores to buy it,” Bao Yugang sighed.
Li Ka-shing, Cheng Yu-tung, and others also nodded slightly.
In the past, the most profitable industry in Hong Kong was real estate.
This has been the case for so many years.
Who would have thought that after a lifetime of hard work, they had only earned their current net worth, while a younger generation from the mainland had achieved a net worth far exceeding theirs in just a few years.
Nowadays, in terms of status and influence, Hong Kong tycoons are incomparable to Zhao Ye!
Who do you think you are? Do you even have the right to get the Americans to ban you?
If you don't have it, it means you're not good enough.
Hong Kong's top tycoons are all primarily engaged in the real estate business.
But now that they see Zhao Ye making money, how can they not be envious?
Li Jiacheng said with envy, "These days, electronics are so profitable, especially the gaming industry. Wujiang Group is making a fortune, more than we make selling houses!"
Everyone admires them, but when it comes to investing in the electronics industry, none of them are willing to do so.
Why take risks when you can make money while lying down?
Yes, developing real estate in Hong Kong is generally profitable.
However, if you invest in the electronics industry, the losses could be huge if your products can't compete with your rivals.
These business tycoons have been involved in business for so many years, they've experienced more than the average person, and they've seen the ups and downs of the business world, so they naturally understand the principles involved very well.
The secret is just one word: steady!
Before his death, Cheng Yu-tung, the head of Chow Tai Fook, planned for the long term of his children and grandchildren, fearing that they would squander the family fortune. He built high-rise buildings with assets worth hundreds of billions to collect rent.
That's incredibly reliable...
Just then, a middle-aged man hurried over and announced to the crowd, "We just received news that Zhao Ye has arrived in Hong Kong!!!"
Pao Yue-kong, Li Ka-shing, Cheng Yu-tung and others were very surprised.
Why is Zhao Ye in Hong Kong?
The group of people were all thinking, trying to guess Zhao Ye's purpose in going to Hong Kong.
Last year's "Black Monday" triggered a global stock market crash, which greatly affected the Hong Kong stock market. However, Wujiang Group became the biggest winner by buying at the bottom.
Currently, Wujiang Group also holds shares in many Hong Kong-listed companies.
...
“Since the end of last year, the Hong Kong stock market and economy have begun to recover rapidly, and our investments have started to turn a profit,” Zhou Anping said.
Zhao Ye nodded slightly; this was within his expectations.
"How is Galaxy Financial Company developing?" Zhao Ye asked. Most conglomerates are centered around finance, and Wujiang Group is also developing in the direction of a conglomerate.
Zhou Anping explained, "Galaxy Financial Services has four subsidiaries: Galaxy Bank, Galaxy Securities, Galaxy Insurance, and Galaxy Fund. These four companies have experienced rapid growth thanks to the recent financial crisis..."
"Galaxy Bank has become the fourth largest bank in Hong Kong, after HSBC, Standard Chartered Bank, and Hang Seng Bank, with total assets exceeding HK$100 billion!"
"Galaxy Securities ranked eighth in Hong Kong, Galaxy Insurance ranked twelfth, and Galaxy Fund ranked fifteenth..."
In fact, Wujiang Group's foundation in Hong Kong is not deep enough. Hong Kong's economy is still controlled by those established Hong Kong tycoons, such as Li Ka-shing, who controls Hong Kong's water, electricity, retail, and housing. His influence in Hong Kong is far beyond that of Zhao Ye.
However, Zhao Ye's influence is global.
Hong Kong, a city the size of a sesame seed, cannot accommodate a giant like Zhao Ye.
After listening to Zhou Anping's account, Zhao Ye had a general understanding of Galaxy Financial Company. As long as Galaxy Financial Company continued to develop in an orderly manner, it would at least be considered a financial giant in Hong Kong.
There will be many more financial crises in the future, but Galaxy Financial Company still has many opportunities to grow and leapfrog ahead.
...
The following evening, Zhao Ye will host a small party at 1 Victoria Peak Road. The guests are all prominent figures in Hong Kong, including HSBC tycoon William Sham and heads of Hong Kong's top families.
While the luxury homes on Victoria Peak in Hong Kong are often discussed, none have garnered as much attention from the Hong Kong media as they have today.
"It's said that Zhao Ye, the richest man in mainland China, and possibly even the world's richest man, is in Hong Kong again. Today, he's hosting a party at his mansion, No. 1 Victoria Peak Road. It's said that only the extremely wealthy and powerful in Hong Kong are qualified to attend such a party! Ordinary billionaires can't even get past the threshold!" a reporter said excitedly, holding a camera, eager to sneak into No. 1 Victoria Peak Road to take photos. He thought that any newspaper that could manage to take a single photo would be worth a high price... However, seeing the bodyguards in suits standing guard every five or ten steps outside No. 1 Victoria Peak Road, the reporter immediately chickened out.
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