The toy industry is actually a highly profitable one, with profit margins typically ranging from 40% to 50%. However, for super IPs, the profit margin can be several times higher.
Wujiang Group also has a toy company, and its main business is the IP of Wujiang's comics, animations and games, which generate several billion US dollars in profit every year.
Transformers, My Little Pony, Monopoly, Nerf, and other well-known IPs form Hasbro's IP matrix. According to the latest data from License! Global, Hasbro ranks 7th among the top 150 licensors with $6.9 billion in retail sales.
In addition, Zhao Ye was very fond of the brand name "Haibaibao". If the acquisition was successful, Zhao Ye would merge the toy company under Wujiang Company into Haibabao Company...
...
...
Before Zhao Ye could acquire the Kidswant company, the Asian financial crisis broke out.
In Thailand, a run on the US dollar occurred as people rushed to exchange Thai baht for US dollars, leading to a sharp decline in Thailand's dollar reserves. In April 1997, Thailand announced it was abandoning its fixed exchange rate system pegged to the US dollar and adopting a floating exchange rate system.
This policy was implemented three months earlier than in the previous life.
The Thai baht plummeted by 20% on the day the policy was announced.
A financial storm is about to sweep across Asia!
At this moment, speculators around the world went into a frenzy!
Thailand was powerless to resist and could only watch as the Thai baht depreciated wildly, with the wealth that the country had worked so hard to develop over the past decade being plundered by international speculators.
In Southeast Asia, countries like the Philippines, Indonesia, and Malaysia, facing similar economic problems to Thailand, were quickly and severely impacted by the depreciation of the Thai baht. On April 11, the Philippines announced it would allow the peso to be exchanged for the US dollar on a wider scale, resulting in an 11.5% depreciation that day. On the same day, Malaysia raised bank interest rates to prevent further depreciation of the ringgit. Indonesia was forced to abandon its currency's pegged exchange rate with the US dollar, and the rupiah depreciated by 14% between May 2 and 14.
Southeast Asian countries are in despair, while global speculators are ecstatic!
Media outlets around the world have turned their attention to the Asian financial crisis.
At this moment, people can't help but recall that not long ago, Wujiang Group sold off its Southeast Asian assets on a large scale, making them marvel at how farsighted Wujiang Group was in predicting this financial crisis.
Financial Times: "Thailand was forced to announce the decoupling of the baht from the US dollar and the implementation of a floating exchange rate system, triggering the Asian financial crisis, but Wujiang Group miraculously escaped unscathed!!!"
The Wall Street Journal: "The biggest winner of the Asian financial crisis is someone you can't imagine: Wujiang Group's profits may exceed ten billion US dollars!!!"
The Times: "Before the Asian financial crisis, Wujiang Group had borrowed hundreds of billions of dollars worth of various currencies from local banks in different countries. Now that the Asian financial crisis has broken out, with the currencies of Thailand, the Philippines, Malaysia, Indonesia, and other countries depreciating sharply, Wujiang Group can exchange far fewer US dollars for various currencies and then repay the banks, thus making a huge profit!!!"
...
Countless netizens and onlookers were shocked upon seeing the news.
"Holy crap, Wujiang Group not only dodged the Asian financial crisis, but also profited from it! I'm absolutely in awe! They're fucking awesome!"
"They've got foresight! Wujiang Group probably planned this all along, deliberately borrowing so much money from the bank, and now they only need half of it to pay off the loan!"
"Indeed, Wujiang Group is already extremely wealthy, and it also owns its own bank. Even if it needed to take out a loan, there was absolutely no need for it to borrow from banks in Southeast Asian countries. So, as you know, Wujiang Group probably anticipated the Southeast Asian financial crisis long ago, and thus took the opportunity to make a quick buck!"
"Hahahaha, American financial tycoon George Soros has worked hard and fought his way up, earning a notorious reputation, yet he probably hasn't made as much as Wujiang Group. Do you admit it or not?"
"I'm impressed! I'm watching the news on my knees. From now on, I'll stick with Wujiang Group to the death. Whatever they recommend, I'll invest in!"
"Same here. Even if one day Wujiang Group becomes bearish on the US stock market, I'll just short it!!!"
"..."
At this moment, Soros, far away in the United States, was completely bewildered and gave a wry smile.
After reading the news in major newspapers, he felt as if he were doing all the work for the Wujiang Group.
He calculated that the Quantum Fund's approximate profit was probably only one or two billion US dollars.
However, Wujiang Group's profits may exceed 10 billion US dollars.
How can this be?
I worked so hard to be the villain, angering Southeast Asian countries, but instead, the Wujiang Group made a fortune.
Partner Jay Ingersoll looked at Soros and sighed, "It seems we've all become pawns of the Boundless Group! They've been waiting for us to enter the game so they can make a fortune!"
Soros looked indignant and was very unhappy.
This Asian financial crisis was supposed to be his moment of glory, but instead, he became the clown. Whenever others talk about the Asian financial crisis, they only see him as a pawn of the Wujiang Group.
But no matter how unhappy I am, I still have to make money.
The Quantum Fund continues its aggressive attacks on Asian countries, making huge profits.
He didn't really care about being infamous or anything like that.
He is American and has no fixed assets in Asia, so he is not afraid of retaliation from Asia at all.
"Wujiang Group's assets in Hong Kong have not been sold. This time, I, Soros, will use Wujiang Group to make a name for myself and see how others laugh at me!" Soros sneered inwardly, a plan to short Hong Kong stocks surfacing in his mind.
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