Old Mou trusted Xing Baohua's judgment. If he felt that Xinfeng Investment was not reliable, then there was a problem. Besides, Xing Baohua wanted to swindle him in the long term. Could Old Mou swallow this insult?
No matter what the CEO of Xinfeng said, Lao Mou just wouldn't make that exception.
Unconditional offers are useless; although there are few domestic investment companies, they do exist.
So Lao Mou returned to the capital again to re-screen investments. This time, news also spread in Luzhong that Xing Baohua said that it was best not to come if the investment involved foreign capital.
Soon after, a long-established capital firm from Shanghai arrived. This company had existed since the 1920s and 30s and resumed its business in this industry after the reform and opening up.
Shanghai-listed Xinrui is a subsidiary of Shanghai-listed Daheng Tongshang. This subsidiary was established with only one mission: to invest in companies that are about to start up and acquire equity.
Xinfeng Investment suffered a setback with Xing Baohua, and the news spread within the industry, much of it coming from Lao Mou.
The upstart venture capitalists came to Lao Mou's company with few requirements, just to assess Xinfeng's valuation. They would provide 2 billion yuan in three installments, with the only condition being that the IPO process be handled by them.
In other words, if Lao Mou's mobile phone factory is to go public, Xinrui will be responsible for allocating suppliers.
The hidden profits here are huge.
Old Mou doesn't understand any of this stuff! Plus, the other party didn't have any requirements, just this one small request, which isn't difficult at all.
Let's get the two billion first.
In his eyes, he only feels at ease when the money is in his account. With money, one can accomplish something great; without money, one can only talk nonsense.
After signing the contract, Lao Mou called Xing Baohua to report back. Although Xing Baohua didn't answer the call, his secretary would notify him.
After signing the agreement and receiving the first batch of investment, Lao Mou went to Manchuria.
This is where he is supposed to develop his business, since there is an agreement with the local authorities to develop this area and boost the economy of Greater Manchuria.
But all that passion was slapped in the face by reality.
Xing Baohua dared to build a rice factory in central Shandong, where there are various basic factories that can meet the demand for rice.
But what about Greater Manchuria?
Apart from grasslands, yellow sand, and cattle and sheep everywhere, there's nothing else.
The only way to provide support is to move supplies from the mainland. In the beginning, Lao Mou wanted to use this place as a foreign trade distribution center or a warehouse.
But Xing Baohua persuaded him to make mobile phones, and he remembered that he had a vast amount of land here. Since he was just sitting idle anyway, he might as well make use of it. Firstly, it would save money, and secondly, it could solve many problems.
When Lao Mou arrived in Manchuria, he first contacted the locals and said that he wanted to build the second largest mobile phone factory in Asia, after rice.
We not only sell domestically, but also engage in foreign trade.
Such a good thing is hard to find even with a lantern in this area. I wholeheartedly support it; I'll give them whatever they want.
With a 15-square-kilometer area to develop, Lao Mou doesn't need to worry about construction issues. He will replicate the rice factory model one-to-one according to the rice blueprints.
Why bother hiring a designer? They have blueprints; you can just move them over and build it.
We signed numerous agreements with the local government, covering topics such as infrastructure development, site preparation, factory planning, worker dormitory planning, and contracts with construction companies involved in basic infrastructure projects.
They ate plenty of food and drank plenty of alcohol.
What's the actual progress? There's been no progress at all, yet they're making all sorts of grand pronouncements.
The local officials in charge were very worried, but dared not say it: the area was small and there wasn't enough manpower. If they were to build a factory like the one for rice, where would they find so many workers?
Driving a shepherd to a factory to tighten screws—is that something a human being would do?
We can only report to our superiors. If we ask Lao Mou to scale down the operation, he might be forced to relocate, which would be unfair to the revenue of the Great Manchuria.
Let's just grit our teeth and deal with it for now; things will work themselves out.
After settling things in Manchuria, Lao Mou rushed off to central Shandong to order equipment for the rice factory's assembly line.
Factory Director Li and Liu Quan personally assisted; this was a donation of money for the rice, so how could they not welcome them?
In Liu Quan's words, you don't need to care about the model of the equipment. As long as it's used for rice, you'll have it. Not only will you get all-inclusive service, but you'll also get all kinds of electronic components and materials, saving you the trouble of sourcing from all over the world. You can take the rice for the same price you paid, and you'll pay for the shipping yourself.
So Lao Mou unwittingly signed up for an all-inclusive service, which was said to be time-saving, labor-saving, and worry-free; all he had to do was wait to pay.
He was completely unaware that Xing Baohua had used the agent model for him.
All raw materials are sourced from headquarters at low prices.
Who wouldn't be tempted at this point! Unfortunately, once you start using it, you can't live without it, and there's simply no alternative.
From then on, they were relegated to a work-for-hire mode.
Lao Mou has been traveling back and forth between Manchuria and central Shandong lately, taking the infrastructure blueprints for rice to Manchuria to carry out construction, and then urging the production line to start up again when he gets back.
As for research and development, the R&D department has already come up with a complete solution for him, from design patterns to electronic component integration, all of which are well-matched.
The kind of thing that can't be done without missing a single step or part.
Lao Mou was completely unaware of how deep the water was in this matter, and continued to promote his Daji Electronics and his mobile phone business.
What research and development? Lao Mou didn't participate at all, yet he became a rice OEM manufacturer.
It wouldn't be an exaggeration to call it an assembly plant.
With overseas rice orders declining, the solution to absorb the backlash from the European and American markets is to find a competitor.
High-end phones should look like high-end phones, while low-end phones should appeal to consumers. Xiaomi doesn't want to enter the low-end phone market, but it also doesn't want to give up on this segment. What should it do?
Find someone like Lao Mou, who can boast and has his own brand image, saving a lot of advertising costs.
While Lao Mou was traveling back and forth between several places, Xing Baohua went to Hong Kong.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
