"Mi Fei, if we're going to do this, let's do it big."
"But cosmetic research and development is not a simple matter. I've heard that it took foreign skincare companies decades to develop these products. We're just getting started. Can we really surpass them?"
"It's not easy to surpass them. After all, they've been on the same path for decades, and even if we run, it's hard to get ahead of them. But just because our brand is new doesn't mean our technology is new. I found a chemical industry expert who has been developing a type of collagen for over ten years. Recently, he put this collagen into cosmetics, which can play a role in collagen remodeling and has excellent effects on wrinkle reduction, whitening, and moisturizing."
Mi Fei's eyes widened. If there really was such a big shot, then what did he have to worry about?
"You really found such a person? Who is he? What's his name? I'll go find out and see if there's any exaggeration in his research."
Chu Yu realized that Liu Mingchuan's affair couldn't be kept secret.
If Mi Fei really wanted to invest, he couldn't possibly keep it a secret from him and give Liu Mingchuan a high position, so he told him the truth.
"Liu Mingchuan".
Upon hearing that the other party was Liu Mingchuan, Mi Fei's eyes widened even more. This man was famous throughout the country for his particularly outrageous deeds. He not only violated his five female students but also seized their hard-earned money. His character was so bad that even his wife stood up to criticize him.
"This person doesn't have a good reputation," Mi Fei said tactfully.
"His reputation isn't great, but that might not be true. You know how things are these days; empty words can kill a person. I've heard about Liu Mingchuan's deeds, and I choose to believe in his character and that he didn't assault his students. As a woman, I'm more wary of this kind of thing than you are, and my decision to use him was made after careful consideration."
Mi Fei thought Chu Yu's words made sense.
Are there few wrongful convictions and miscarriages of justice these days?
A few days ago, he heard a story about an unemployed man who was sleeping soundly at home when he was suddenly arrested and accused of being the mastermind behind a murder case. The man was unable to defend himself and was inexplicably sentenced to death.
The Liu Mingchuan incident has blown up too much, and the media has been fermenting it too quickly, as if it were planned in advance. If he was really wronged, Mi Fei should have been able to find out.
Moreover, Chu Yu is right; the brand being newly established does not mean that the technology is also newly established.
Furthermore, the Chinese market is largely untapped, and previous face creams were all very basic. Even if Chu Yu's cosmetics brand cannot surpass foreign brands, it would be enough if it could capture the Chinese market before foreign brands fully entered it.
"You're right, we can also spend money to buy other people's technology and raw materials."
"That's good. I will also poach a few overseas returnees with high salaries, as they have experience working in well-known cosmetic companies. They will definitely bring vitality to our company. In addition, I will actively conduct market research and acquire some niche brands to obtain certain formula patents, which will provide certain guarantees for our cosmetic company's technology production line."
Chu Yu spoke so professionally that Mi Fei was completely bewildered.
He finally understood. Chu Yu had a clear plan for the future, and it wasn't like what he thought—that she had made a decision on a whim.
He has nothing to worry about when doing business with this kind of person.
The two reached a verbal agreement, with Chu Yu implicitly agreeing to give Mi Fei some shares. As for how many shares she would receive, it would depend on how much money she raised and how much money she had in her pocket.
As I always say, you should earn the money you can earn yourself, and only share it with others if you can't afford it yourself.
The prerequisite is that you have to be full first.
Whether it's relatives or lovers, business is not a time to consider personal relationships. Since Liu Mingchuan's technology is groundbreaking and the cosmetics business is a sure thing, she should naturally give as little as possible to others.
You have to keep the lion's share in your own hands.
In the following days, Chu Yu was still busy with the registration of the cosmetics company, the purchase of land, and the follow-up on the trial of the cosmetics.
The weather got hot in the blink of an eye, and Chu Yu changed into a shirt and shorts.
"Chu Yu, are you going home?" Zhang Ying asked as she came over.
"Yes, what about you? Don't you take the kids out to play this weekend?"
"I want to take her out for some fun, but it's the change of seasons recently and the wholesale market is busy. I'm thinking of finding some new styles to make."
Zhang Ying and her husband run a wholesale business. They are especially busy when the seasons change. Their stall is not big, but the business is doing well, all thanks to their quick updates of styles.
Often, the money is received in Vancouver in the morning, and the workers are ordered to make the products that evening, so they can be put on the stall for sale the next day.
The styles go out quickly, there are always new items to buy, customers come frequently, and business naturally improves.
Other clothing wholesalers at the stall didn't do as well as hers, and Zhang Ying and her husband gradually gained confidence and became more and more motivated. The two of them have now accumulated 40,000 to 50,000 yuan in assets, and they can walk with their backs straight now. They are even planning to buy a house in Beijing.
Where do you plan to buy a house?
"I want to buy a house in Beijing, but there aren't any particularly suitable ones right now."
In 1987, the special economic zone was to implement public land auctions, which marked the maturity of the real estate industry. At that time, Beijing would also have commercial housing policies, and urban residents flocked to commercial housing in order to improve their housing conditions.
For many years afterward, the Chinese were confined to their homes.
"We can wait and see. If there's a suitable one, we'll buy it. If not, we'll wait. Or we can buy one to live in first, and then buy a few more when commercial housing is available later."
Zhang Ying was quite curious, having heard Chu Yu say that all the residential buildings in Gangcheng were high-rises.
"Aren't people afraid to live in a building dozens of stories high?"
Chu Yu smiled. These days, many people have never ridden an elevator and can hardly imagine what it's like to live in a high-rise building.
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