Before last year, when Xing Baohua was working on wireless terminal networks, he wanted to create something like online food ordering and online shopping.
The network has been laid and is now ready for the submarine fiber optic cable to be connected before 2G network testing can be conducted throughout Hong Kong.
The Java programs on tablets and phones have been continuously tested and patched, and are currently considered relatively stable. However, browsing is not possible on either phones or computers, whether it's an online store or a food delivery service.
Browsing images leaves a lot of junk files on your machine and increases the load on the cache.
Even with compressed images, browsing for a while will eventually cause the device to overheat, slow down, and crash due to full cache. Forget about a pleasant shopping experience; it might even make you want to smash your phone or computer.
If you encounter a novice who says there's a quality issue with the product, they won't be able to explain what the caching and hardware issues are.
Even if the conditions aren't right, we'll still go ahead with it; we just want to get this sector going.
Logistics involves warehousing. Fortunately, the airport is not far from the Tseung Kwan O Industrial Area, so the land that Hai Na bought in Tseung Kwan O can be used as a warehouse.
It's much more convenient when it comes to delivery.
Xing Baohua discussed with the shareholders that he would use Haina's name to buy land in Tseung Kwan O to build a warehousing and logistics center, which Huahong Group would then lease.
Some shareholders felt that leasing was too stingy for Huahong and that it would be better to just buy it outright.
Xing Baohua said irritably, "What about the more than 100 employees downstairs? He has to support them too. Don't underestimate a boss; he has to leave some income for Hainan."
Young Master Li somehow got hold of a cigar, lit it, and put it in his mouth without smoking it. He just chuckled and said to Xing Baohua, "Ahua, how much is Hainan worth? If it's not good enough, Huahong can just buy it directly. That way, you won't have to run around to both sides and worry about both."
"Acquisition? Let me tell you, Huahong can't afford Haina! Although Haina's headquarters are in Hong Kong, it holds controlling stakes in DaMi Technology and Haina Labs in mainland China, and those patents alone are worth tens of billions of US dollars. There are also numerous real estate properties in Japan, worth billions, not to mention Haina's US branch, which holds shares in Happy Water, Wallerman, fast food, and recently acquired Columbia Pictures for five billion US dollars in cash, plus the even more valuable global electronic film, television, and music copyrights in the future."
After Xing Baohua finished speaking, he looked around at the many young shareholders, whose faces were filled with surprise. Then, with a disdainful look and tone, he said, "You and you... even if you all pooled your resources together, you couldn't raise that much money. Using your family assets? I bet you'd have to scrape together every penny!"
Although Xing Baohua spoke as if he were showing no respect to these young masters, they were secretly cursing him.
This guy, in just a few years! He turned Hainan into a behemoth, with so many businesses he wouldn't even know existed. How did he accumulate such wealth?
When Xing Baohua first came to Hong Kong, he only had a little over a billion, right? It's increased a hundredfold in the last year or two! I have to find out how he made it.
How could Xing Baohua possibly explain to them what it meant to "borrow a hen to lay eggs"?
They would not tell them that the money from the private equity fund, invested in the Far East, had been cashed out as quickly as possible and transferred to Hainan for financial speculation through relationships with super clients of the bank.
While doing this, Xing Baohua also set up a car factory. After careful consideration, he put the car factory under Huahong's name.
Otherwise, Hainan's fixed assets would be even larger.
After all, Hainan is Xing Baohua's sole property; does he want to acquire it?
It's not a matter of courage, but rather whether you have the capability to make the acquisition.
Looking at the arrogant expressions on the faces of these self-important young masters, Xing Baohua said with a wry smile, "If there are no problems, the proposal to lease Tseung Kwan O is approved!"
Actually, these shareholders really wanted to complain: they're already so rich, why do they still want to collect rent from them?
On the surface, Huahong appears to be much larger than Haina, with banks, telecommunications companies, and even a large complex currently on the map.
Compared to Haina, the gap is enormous.
Fortunately, Xing Baohua also established a logistics company for Huahong. With an aircraft project worth over 10 billion yuan, they could buy more than a dozen aircraft. But isn't it too wasteful to use airplanes to transport goods? How many people can afford the transportation costs?
It would be better to use those billions to buy a few large ocean-going vessels; at least the freight would be cheaper, and they could carry more cargo. The combined cargo carried by a dozen or so airplanes is less than what a single ship can carry in a single hold.
After weighing the options, they advised Xing Baohua to buy the boat.
This was suggested by people who have shipping businesses at home, which is a good thing for them!
Xing Baohua said: Time is money.
They pushed it back.
After concluding the meeting with the shareholders, Xing Baohua told them to go about their business. He still had many things to take care of.
The shareholders' meeting ended in a casual chat.
As Xing Baohua was about to go downstairs, he saw Hua Zai waiting for him at the entrance of Hua Hong.
"Congratulations, Mr. Xing, on winning Columbia." Andy Lau warmly extended his hand to shake hands with Xing Baohua.
Xing Baohua pushed his hand away, stepped forward and put his arm around his shoulder, saying, "How many times have I told you? When we meet, don't be so polite. Call me Ahua, and I'll call you Huazai."
Andy Lau laughed and said, "That would break the rules. I'll just call you Mr. Xing!"
Xing Baohua is no longer the same person he was when he first came to Hong Kong. Although he owns a record company, it's a partnership with Capital Artists. People respect him now, but they just want to get some resources from him.
Of course, those who were close to him basically used their resources to promote him. Andy Lau benefited immensely from this, but unfortunately, Hong Kong is too small.
Xing Baohua is different now; she has moved up another step and become the top of the food chain.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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