Chapter 127 Greed
When fans approach Qin Yi's mother to borrow money, they're specifically asked if they're Qin Yi's fans. Because fans are young, they can't borrow money. Since borrowers must be over 18, many young fans, often using their parents' ID cards, claim they're not Qin Yi fans, simply to borrow money so they can pay their idol back later. After all, mooncakes require raw materials, and their future "mother-in-law" doesn't earn much.
So in just three months, Qin Yi went from being an unknown celebrity to a rising star, and the price of that 100 yuan mooncake increased to 178 yuan.
The price of one copy has increased by 78 yuan, so for 10,000 copies, that would be 780,000 yuan.
The difference in price is simply free profit.
After tasting the sweetness, Li Yufang increased the loan to 100 million yuan. She believed that with her son's bright future in the entertainment industry, the 178 yuan mooncakes would double in value.
I have to say that Li Yufang's way of thinking is quite good. Not only does she sell mooncakes, but she also uses the money she earns to lend money.
It's a pity that Li Yufang was too greedy. If she hadn't borrowed money to pay for her mortgage, she might not have lost everything in the future. However, in order to make more money, she actually borrowed 50 million to lend money.
Jing Qian checked Li Yufang's cash flow, a sly smile forming at the corner of his lips.
She could refuse the money the original owner had given Qin Yi, but the 20 million yuan she had lent out, since it was a loan, must be repaid. If she didn't pay it back and even refused to pay it back, then she had no choice but to repay it in her own way.
Anyway, Li Yufang has plenty of money now.
At the "Taste of Mom" mooncake factory, Li Yufang, wearing an elegant women's suit and a jade bracelet on her hand that Jing Qian had spent millions to buy for her, listened to the financial report with a look of satisfaction on her face.
After the report, Li Yufang was very happy: "Great! That's great. Li Hu, can we raise more funds?"
Li Hu is the financial director of the mooncake factory. Her eyes were full of excitement at the moment. She said, "It's impossible to raise funds from a formal large platform. We are a small company, and 50 million is already the upper limit. But we can still raise funds through small platforms. These small platforms are not formal, but as long as we are cautious, it is still possible."
"Then continue to raise funds." Li Yufang made the decision.
"Cousin, let me say something. Although Ayi is indeed doing very well, we started this business in the name of love after all. The quality and taste of our mooncakes are the king of our business development. Previously, our filling supplier changed, and the quality of the mooncakes as a whole has changed. I think we should not get any financing or mortgages anymore. We should focus on mooncakes and change the fillings while the situation is good. That way, when Ayi is on the rise, we can make a lot of money. If anything goes wrong, we can still rely on the reputation and brand of mooncakes to attract other consumers, right?"
"I think the third brother is right. After all, Ayi's industry relies on youth. Now that our brand is established, we shouldn't always focus on fans. What we need is to expand the market with a good brand."
Most of the executives present seconded the motion, but a few still stood on Li Yufang's side.
However, Li Yufang waved her hand and directly rejected these people's words.
"I'm the chairman of this company, and I have the final say! If we don't take advantage of the opportunity to leverage a huge amount of capital, when will we do it?"
(End of this chapter)
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