Chapter 159 Pacific Princess



Although the Spring Festival gathering was organized by the Shanghai Business Association, it wasn't limited to Shanghai alone. People from nearby Suzhou, Hangzhou, Jiangsu, Zhejiang, and even across China, regardless of social status, could participate. After all, the purpose of organizing this event was to deepen connections and expand personal networks, not just to cultivate a sense of community.

But even so, there were only more than a hundred people qualified to participate in the event, and including their relatives and entourage, there were less than four hundred people.

Therefore, based on the estimated number of participants in previous sessions, the ship chartered by the Shanghai Business Association is the Pacific Princess cruise ship.

This ship is one of the smaller ones in the Princess Cruises series, with a displacement of more than 30,000 tons, a total length of more than 180 meters and eleven decks, but it upholds the consistent spirit of taste of Princess Cruises and has the characteristics of exquisite shape and complete equipment.

The ship boasts over 340 staterooms, 200 of which feature balconies, and can accommodate 670 passengers. There are two swimming pools and a sunbathing area on deck, and a golf putting green on the uppermost open-air deck. The ship also features several bars and restaurants, a casino, a large card room, and an internet center with eight slots.

To better entertain the guests, the Shanghai Business Association has also hired several renowned Shanghai chefs, a small theater troupe, and several entertainers for an evening performance lasting no more than an hour. It's worth noting that the onboard casino will be open once the cruise ship reaches international waters.

In fact, after learning that Si Mingyu would participate, the number of people confirmed to board the ship increased by more than 30, all of whom came from other places just to meet this youngest billionaire.

Since his wife was unwilling to come, Si Mingyu only brought Wan Chongshan and three others. After all, safety was not a big issue on the boat.

Around 2 p.m., luxury cars arrived at the dock, carrying people from all walks of life who had come to attend the Spring Festival party. The captain, along with the first mate and other key crew members, greeted the guests at the gangway.

"Mr. Si."

After learning that Si Mingyu was on board, Boss Yu and others came specially to receive him. After all, the other party's wealth alone was equivalent to one-third of the Magic City Business Federation.

"Boss Yu, Mr. Huang, Analyst Yu, Chairman Lai..." Si Mingyu greeted them one by one.

Senior Cai went to Singapore, and Mr. Chen was unable to attend due to some unexpected matters, so there were only a few familiar people in front of me. But these were the top people in the Chamber of Commerce.

After a few brief greetings, everyone went to the teahouse together. It was a rare occasion for Si Mingyu to come, so they always had to chat about the latest news and anecdotes first, and then talk about their respective development situations to see if they could find suitable cooperation opportunities.

The numerous branches of the three groups under Si Mingyu's control cover dozens of industries on all continents. Many of their businesses are exclusive to many third world countries, so the chances of cooperation are very high.

Besides, he made all the decisions for the three groups. While he still consulted with experts and staff on major matters, at least he didn't have to hold endless meetings and debates. As the saying goes, it's always easier to convince one person than a group.

This is why everyone wants to get to know him and work with him.

He met a few guests on the way and greeted them politely, and then the news of Si Mingyu's boarding the ship spread.

It's important to emphasize that the wealth of many wealthy businessmen is inflated. Either they own publicly traded companies, whose net worth fluctuates wildly with stock prices and cannot be cashed out for extended periods. Or they have mortgaged significant assets to banks for loans or have other debts.

Moreover, most people do not have much cash on hand. A boss with a net worth of over one billion may only have tens of millions in cash, which is still used as working capital for the company.

But Si Mingyu was different. His wealth was solid, and he owned a private enterprise. Although he owed the bank over 100 billion yuan, he had no other foreign debts, and he could pay it off in less than two years. Furthermore, as the chip manufacturing company's production lines matured, production was gradually increasing, and profits were also rising, so it wouldn't even take that long.

Don't forget that as long as the oil and gas fields produce oil, they will generate huge income, and a net profit of 20 to 30 billion Chinese yuan a year is not a problem.

It takes time to raise funds for other companies to cooperate, but Si Mingyu just took out hundreds of millions or even billions of dollars. You should know that his daily income of 300 million is after deducting all taxes and fees and it does not affect the normal operation of the company, so it doesn't matter if he spends it all.

That's why he suddenly decided to invest $300 million to make a TV series. This also led to him not caring too much about whether the amount of money earned from many investments or collaborations as long as they made money.

Do you think he's stupid for not making money? He's using a small amount of money to exchange for connections and reputation.

The reason why I explained so much is to say that even though the youngest person in the tea room with more than ten people is twice as old as Si Mingyu, he is still respected and sits in the first seat.

This is not only a reflection of wealth and strength, but also a reflection of reputation. Because the unanimous comment in the industry is that as long as you cooperate with Si Mingyu, you will never lose money, even if you lose money, you will accept it, because it is normal for businesses to have losses and gains, and the best partner is the one who does not cheat you.

Boss Yu first found a topic about the electronics industry, and he was very grateful to Si Mingyu.

In the domestic electronics industry, especially in Shanghai, everyone's products were of the same quality, though different. Boss Yu was considered the industry leader in Shanghai because of the size of his company.

Later, when Si Mingyu's chip manufacturing company went into production, Boss Yu had to give up his position to him. High-end chip manufacturers were naturally more highly regarded than those who made electrical components, and their technological level and influence were incomparable.

This put Boss Yu in a difficult position. Without his industry-leading position, his position as president of the Business Association was in jeopardy. After all, Mr. Huang from Bingxixi was still eyeing him, but he hadn't risen to the top because he was relatively new and lacked connections.

As a result, Si Mingyu didn't take his position as the industry leader seriously at all. He joined the industry association but refused to attend any meetings or events. This approach actually helped Boss Yu, because no one knew whether Si Mingyu's decision to not compete for the position was a way of giving Boss Yu face, or whether someone else would have given him the same respect.

In this situation, no one would compete for an impossible-to-get top position in the industry, so not only did Boss Yu's position in the industry become stable, but his position as president of the Chamber of Commerce was also stabilized.

Si Mingyu responded to Boss Yu's overtures, promising to have the trading company consider Boss Yu's products. The two bosses agreed, leaving the rest of the negotiations to their subordinates. While demand for Boss Yu's products in the third world countries where the East Asia Mingyu Group was involved wasn't high, it was still a good start in opening up new markets.

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