Huazhiyue did indeed steal some payment traffic from π Pay. However, π Pay allows users to top up their Huazhiyue accounts, with discounts ranging from 20% to 5% and then 2%.
When there are fewer users, offer bigger discounts; when there are more users, why offer discounts? This will increase the transaction volume of π payment from another perspective.
Whether it's a 5% discount or a 2% discount, π Pay is much more convenient than topping up through FlowerJoy. Furthermore, π Pay supports one-click binding for top-ups.
In just two or three months, Xing Baohua amassed a large fortune, which was then transferred to an offshore bank. This was largely thanks to the hard work of Mitsui Tousaburo. He used his connections within Mitsui Bank to transfer the money without alerting the higher-ups.
After all, it's not easy to cover up a sum of tens of billions of US dollars. The only option is to transfer it out monthly. As Huazhiyue's transaction volume increases, the amount transferred out each month also increases.
Fortunately, they covered it up by colluding with Mitsui Bank insiders.
Hana no Yuki does own 1% of Mitsui Tousaburo's shares, it's just that it's not something that can be made public.
Furthermore, Mitsui Tousaburo was involved in the formulation of the rules for Flower Delight and provided many suggestions.
Well, when it comes to betraying one's own people, Mitsui Tousaburo is second to none.
Once you have money on hand, you need to increase your investments, otherwise you'll be letting down the investment company's fund!
Then a small link to Huaba appeared on the pages of π Payment and Huazhiyue.
You can apply for a credit limit as long as you have a Flower Delight account and a π Pay account. The maximum amount you can apply for is 10,000 Flower Coins and 1 million Japanese Yen.
The money can be directly deposited into your Flower Language account and π Payment account. It's an unsecured, trust loan with interest rates lower than banks.
There are traps here. What seems like low or no interest rates will be recalculated at the highest legal interest rate if even one installment is missed.
The conditions seem good, but they are actually just disguised high-interest loans.
Various enticements will entice you to use the credit points offered by this online shopping platform.
Xing Baohua wasn't worried about anyone not paying their debts. He had his own methods for collecting debts, both polite and informal. For those who refused to pay, he would transfer the debts to the triads, essentially selling the principal to them. He'd let the gangs collect, taking whatever amount they could get; it was no longer their concern.
Of course, to avoid debt disputes, Xing Baohua also had the gang set up a financial company to handle these debts when reselling them. The formal transfer contracts were all completed under the witness of lawyers from both parties.
By elevating the shady practices to a legitimate platform, the platform can absolve itself of any consequences, no matter how much the debtor is driven to. At least legally, that's how it works.
These days, the most profitable business is lending—no, it's always been that way. The more legitimate and popular a platform is, the more likely it is to have ads or links for loans.
Strictly speaking, Huaba is not regulated by the R government's financial institutions and is even considered to be operating on the fringes of regulation.
Xing Baohua also wanted to go through the formal channels, but thinking that the platform would inevitably disappear in three to five years, he didn't want to apply for a license or anything like that.
That's just too much trouble.
Fortunately, the Chancellor of the Exchequer is well-fed and can provide some dividends to suppress some of the complaints.
This umbrella is indeed very big.
Xing Baohua has a debt of over 10 billion yuan that is about to mature. This loan was secured by JD First Commercial Bank.
Ayame Senkichi immediately arranged to meet with Xing Baohua, and the two went out for tea and a chat.
They were all big shots who came out to meet me, and the level of hospitality was very high.
Each person has a pretty young woman serving them tea and water. Those in the know understand that you can have the young woman use her mouth as a teacup, emphasizing the fragrance of her breath.
When it comes to having fun, the Japanese are the best. Even when it comes to eating, they use human plates.
Having frequently traveled to Japan, Xing Baohua had already witnessed this firsthand. This time, Ayame Moriyoshi invited Xing Baohua out to discuss the matter of pledging Nikon shares.
"President Xing, are you really going to let First Merchants auction it off?" Ayame Senkichi asked very politely.
It's not that I'm afraid Xing Baohua will break the contract, since it's all written in black and white in the contract, and it would be difficult to go back on it. The reason I'm asking is that the contract mentions the word "auction".
Nikon's stock is currently performing very well, and the price is quite attractive. If it were auctioned, it might fetch a high price. However, Xing Baohua requested that it not be auctioned off as a single package, but rather divided into several parts, which would be less efficient.
The price can't go up, so it's better to just buy it all at once. Banks are also looking to maximize their profits. They brought Xing Baohua in to talk to him because they wanted him to revise the contract. You've already sold it, what's the big deal?
“Yes, it must be done according to the contract. I don’t want Nikon to have a powerful shareholder. Whether you divide it into ten parts or twenty parts, the shareholders must be separate,” Xing Baohua said.
“Even if the auctions are held separately, what if someone is rigging the bidding behind the scenes? Everyone who bids will benefit, but our bank won’t get the maximum profit.” Ayame Morikichi’s words made a substantial point.
If someone is secretly buying up the Nikon shares at inflated prices, they are the ones who will maximize their profits. JD First Commercial Bank acts as a trading platform; while it earns some money from the auctions, it hasn't yet maximized its profits.
I felt like I was being taken advantage of, so I asked Xing Baohua to discuss adding a supplementary agreement.
“What you said makes a lot of sense, but Nikon’s value is inflated by more than 30%. Who can come up with such a large sum of money? At present, Nikon’s shareholders are struggling. They may acquire a portion, but they won’t take it all,” Xing Baohua said casually.
Splitting Nikon was also Xing Baohua's goal. He didn't want Nikon to remain a single entity. Having a strong major shareholder might be able to pull Nikon out of its predicament and make it one of the rice's competitors in the next few years.
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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