"Saving money?" Yes, in the 1980s, deposit interest rates in mainland China were high, and the scrutiny of account holders was extremely low.
These days, depositing money requires giving your name and a code. Many people are illiterate or have never even been registered in a household, but that doesn't stop them from depositing money. Just give yourself any name you like—Mickey Mouse, Ultraman, Captain America, or anything else—as long as you can come up with one, remember it, and match the code, you can withdraw money smoothly.
This creates many loopholes for foreign funds to exploit.
The United States has accused China of helping foreign capital launder money.
How much money do you plan to save?
Yu Xiangwen didn't hide anything, "About twenty or thirty million!"
Chu Yu's eyes widened as she glanced at Long Cheng's smug expression, then at Yu Xiangwen. She couldn't believe how rich these two big shots were; they had accounts all over the world, and since they couldn't spend their money, they had to make movies to "clean up" it.
Long Cheng sneered: "Just tell me if it's enough for your investment! A few million is making you so upset, and you don't even know to ask for help. Women, you just don't have a smart enough brain!"
Chu Yu took a deep breath, really wanting to smash him with a brick. This guy was not only ugly, but his words were even more so. However, she wasn't going to turn down money.
Chu Yu, being very sensible, poured Long Cheng a cup of tea.
"Boss, please try this tea and see if it's too hot. If it is, I'll hold it up for you like this and use my hand to cool it down."
Long Cheng couldn't stand her anymore. "Zhou Chuyu, are you out of your mind? With such a large group of you standing in front of me, how can my tea possibly get cold?"
Chu Yu picked up a palm-leaf fan from the side, his movements obsequious, but his tone was remarkably natural, “An electric fan’s wind is powered by electricity, it has no feelings, no warmth! Of course, it’s not worthy of our boss!”
Long Cheng shook his head speechlessly, while Yu Xiangwen laughed, "Miss Zhou, how much funding do you still need?"
Mandarin's special sale brought in over a million in cash. Chu Yu had a total of six million in funds, Shen Zhuyu and Shu Lan had two million, and she wanted to give Mi Fei a quota of two million, so they were still short about five million.
"I'm not without demands. I have over six million yuan in capital, and I want a 50% stake. You invest five million yuan, and you can only get a little over 20% at most. The company's R&D team is someone I poached from elsewhere. This team will use the research and development successes from their lab in our cosmetics R&D. The company will definitely make proper arrangements for these people. Even if we don't give them shares, we will provide them with housing and cars, and improve their compensation."
Yu Xiangwen shrugged, "The boss and I have no objections. The money's just sitting idle anyway, and we both know there are many opportunities in mainland China."
"Five million, for less than 30% of the shares, are you sure you can accept that?"
Chu Yu's conditions sound quite demanding, but she has lived two lives, and she herself is the biggest living advertisement. It's impossible for her to invest six million and take the same shares as others who invest six million.
If Longcheng and Yu Xiangwen cannot accept it, Chu Yu will not accept their investment.
"I have no objection."
"I have no objection either. A little more or a little less doesn't matter, as long as you can make the money back. No, Zhou Chuyu, are you even capable of doing this? The mainland market is so big, if you can't even handle it, you might as well hang yourself with a noodle!"
Long Cheng remained sharp-tongued, but Chu Yu didn't care at all about his harsh words.
This man seems difficult to get along with, but he's actually quite easy to manipulate, perfectly fitting her requirement of being "foolish and rich".
They live in Hong Kong and won't interfere too much with their business in mainland China. Chu Yu will just give them dividends regularly!
"Don't worry," Chu Yu said solemnly as he raised his glass, "I will definitely not let you regret it. Give me five years, and I will make our Mandarin cosmetics famous throughout China, go beyond China, and go to the world!"
Long Cheng raised his glass, "To leave China!"
Yu Xiangwen smiled: "To go global!"
The three of them finalized the five million investment agreement over drinks.
These two were a real lifesaver, solving Chu Yu's funding problem and even accepting her demanding proposals.
After the money arrived, Chu Yu gathered the shareholders together and clarified their respective shareholdings. Chu Yu demanded 50%, and no one objected, since there would be no Mandarin without her.
Chu Yu is the soul of Mandarin.
"If no one has any objections, let's all sign and put our fingerprints on it!"
Once everyone had signed, the money had arrived, and the contract was signed.
Chu Yu smiled and said, "Mr. Long and Mr. Yu are not often in the mainland, and everyone else has their own work. I'd like to take this opportunity to briefly talk about the work arrangements below. Next, we need to build a factory. Naturally, the first thing we'll build is the laboratory. We will purchase the most advanced laboratory equipment from abroad to continue developing mandarin skincare and cosmetic products, and then develop new skincare ingredients. In the second half of the year, we expect to overcome the challenges of sunscreen technology, and the focus for the next two years will be on anti-aging ingredients."
Chu Yu had heard of the famous anti-aging ingredients that would become famous in later generations.
She would tell Liu Mingchuan about these ingredients and ask them to focus on studying them, so that they could avoid taking decades of detours.
The biggest taboo for cosmetic brands is not having their own patents and core technologies.
Ultimately, only by perfecting the technology and ensuring the effectiveness of Mandarin skincare products can they achieve lasting success and gain consumers' willingness to pay.
Chu Yu then asked Xiao Zhong to bring up the prepared skincare products.
"This is the skincare product I've packaged for the advertisement shoot. Next year, after our Mandarin skincare products are launched, it will look something like this. I will focus on promoting the skincare products, starting with advertising on CCTV, then using celebrity endorsements, and getting magazines and newspapers to endorse us and write promotional articles. Secondly, I will have someone help write some stories about the brand's development. After all, no matter how good a brand is, it needs a good story to spread by word of mouth. Finally, we will set up counters in all department stores across China, allowing consumers to associate Mandarin with 'high-end, luxury goods.' Once we've successfully developed the Chinese market, we will turn our attention to the international market."
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