One million US dollars is equivalent to more than five million Japanese yen. This huge amount of money is enough to shake up the entire cotton yarn business in Shanghai.
Compared to the one million yen start-up capital given to his son Fujiwara no Asaaki before, this time it was more than five million yen, which took the Fujiwara family's steward three days to collect and remit to Shanghai.
As soon as Shen Yutang got the money, he exchanged it for US dollars at HSBC Bank in Shanghai.
She knew that as Japan got further mired in the war, the yen would continue to depreciate.
The most valuable currency at present is the US dollar. It is even more liquid than precious metals such as gold, which are difficult to convert into cash.
After all the money given by Fujiwara Akimasa was received, Shen Yutang was equivalent to not spending a penny of her own money. She used all the money from Fujiwara Akimasa to fight this cotton yarn business war.
Regardless of whether he wins or loses, Shen Yutang will not suffer any loss!
Once her plan succeeds, she will not only make a fortune, but will also eventually gain a monopoly on the supply of cotton textile industry in Shanghai.
In the future, if other businessmen want to squeeze into the cotton yarn raw material market in Shanghai, they can see whether her "Fujiwara Corporation" is interested or not.
In order to achieve this monopoly goal, Shen Yutang took advantage of the fact that two American cargo ships loaded with cotton yarn had not yet arrived at the port.
They continued to buy cotton at high prices and secretly transported it to Shengli United Textile Factory to make cotton yarn.
As Fujiwara Corporation's salesmen went out to buy cotton in various places, the price of cotton in and around Shanghai was pushed up to a historical high.
Now, if we use this high-priced cotton to make cotton yarn, the price of each piece of cotton yarn is as high as 5,000 yen!
No one knows who the major shareholder behind Shengcheng United Textile Factory is now.
Shen Yutang would also ask Wang Jianbin, the manager of Fujiwara Corporation, to bring people to buy the cotton yarn produced by this textile factory at a high price.
Others wanted to bargain down the price, but at Shen Yutang's instruction, he directly offered a high price of 6,500 yen.
Tokugawa Sosuke and other big Japanese businessmen from the Cotton Textile Chamber of Commerce have always sent people to keep a close eye on the activities of the Fujiwara Corporation.
I saw them running to the Shengcheng United Textile Factory and spending a high price of 6,500 yen to buy the cotton yarn produced by the factory.
They had no choice but to offer this price passively and compete with Fujiwara Corporation for this batch of goods.
In the end, two-thirds of this batch of goods worth more than two million yen were bought at high prices by Tokugawa Sosuke and others, and Shen Yutang just pretended to buy one-third.
She buys her own goods, and no matter how high the price is, it is just transferring money from one hand to the other.
However, they were determined to prevent Fujiwara Corporation from entering the cotton yarn industry, so Tokugawa Sosuke and others had to disrupt the situation at all costs.
After many rounds of negotiation, Tokugawa Sosuke and other major Japanese businessmen formed the Japanese Cotton Spinning Chamber of Commerce and raised the average price of their stockpiled cotton yarn to around 4,000 yen.
In order to further push up the main line of Tokugawa Sosuke and others, Shen Yutang continued to send Manager Wang Jianbin to attack everywhere, quietly pushing up the price of cotton yarn in Shanghai.
At the same time, they also have to create anxiety so that people like Tokugawa Sosuke are willing to use their working capital to continue purchasing goods at high prices.
Seeing that the cost of hoarding cotton yarn was getting higher and higher, some differences emerged among the big Japanese merchants in the Cotton Textile Chamber of Commerce.
Tokugawa Sosuke, who was determined to keep Fujiwara Corporation out of the cotton textile industry, did not continue to buy cotton yarn on the market at high prices.
In his opinion, as long as they monopolized the supply of cotton yarn in Shanghai, the price of cotton yarn this year would be determined by their Cotton Textile Chamber of Commerce.
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