Ni Guangnan stayed in Wenzhou for three days, and the result was that the entire design of the network research and development center had to be largely revised. If the linked changes were included, the entire blueprint was almost redone.
Then he went to Caoxian and stayed for another three days, which led to the entire server manufacturing base blueprint for Caoxian being overturned.
However, fortunately, these were just design revisions, and the land had only just begun to be leveled. If changes were made halfway through, Huang He would have probably lost so much blood he’d be spitting it out, as a single loss would be a hundred million.
Previously, many people had advised Huang He not to sell the land in Wenzhou, saying that Wenzhou’s housing prices were skyrocketing daily, with new prices every month, and it wouldn't be impossible for Wenzhou’s housing prices to break ten thousand per square meter in two years.
Historically, the first city in China where housing prices went crazy was not Shanghai, nor Guangdong Shenzhen, but Wenzhou. After all, Wenzhou’s real estate speculators initially speculated on Wenzhou’s own housing prices. Before 2008, Wenzhou’s housing prices had already exceeded 30,000 yuan per square meter, comparable to Beijing and Shanghai.
After 2008, Wenzhou’s housing prices also fell the hardest, dropping below ten thousand yuan, and in the worst cases, even down to 5,000 yuan per square meter. It wasn’t until 2021 that housing prices rose back to just under 30,000 yuan per square meter.
However, it was precisely because of the collapse of Wenzhou’s housing prices that these Wenzhou real estate speculators began to leave Wenzhou and venture into cities across the country, earning the reputation of the "Wenzhou Real Estate Speculator Heavenly Group."
So when Huang He announced the sale of the land, many people thought Huang He was an idiot, and developers flocked to bid madly. Otherwise, there wouldn’t have been developers willing to wait an extra year for Huang He to move out as a promise.
Because after waiting a year, they might earn even more, considering the land acquisition price was based on the price from a year ago.
But Huang He didn’t feel it was a loss. Although Huang He knew that real estate would definitely skyrocket, real estate also tied up a large amount of capital, which would seriously hinder Huang He’s development speed.
Huang He was unlike a certain Mr. Jia, who had five trillion yuan worth of real estate resources at home but ultimately had to voluntarily convert a large portion of his properties into low-rent housing to stabilize public opinion to avoid being criticized, was that really profitable?
Therefore, Huang He very decisively sold the land for five hundred million yuan in cash. This not only allowed him to buy more land and secure funds for new factory construction but also left him with two to three hundred million yuan in cash to cover expenses for entertainment and gaming.
In fact, although Boss Huang had acquired Tangren and Soft Star in one go, he had once again emptied all of Jiangnan’s cash. If it weren’t for the five hundred million from selling the land, Boss Huang might have been late in paying salaries again.
Of course, salaries were merely delayed. The blind box business was booming, reaching new highs every month. The national sales in April had already exceeded 400 million yuan, with a net profit of around 180 million yuan. As soon as this money arrived, Huang He would have funds again.
Moreover, these five hundred million yuan were enough to purchase a company that Huang He had long coveted.
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“What, Chairman Huang of Jiangnan Group has personally come!” Wang Wei was working when he suddenly heard the shocking news reported by his secretary. Without hesitation, he put down all his work and personally went to the entrance to welcome our Boss Huang.
There was no other way. Huang He was now Shunfeng’s number one customer.
Shunfeng was founded in 1993. Its development process was bumpy. In the early stages, it was mainly focused within Guangdong Province, concentrating on the Pearl River Delta region, doing short-distance logistics, and also engaging in some visible and invisible businesses in Hong Kong.
It wasn’t until 2000 that Shunfeng began to expand throughout South China and extend its reach nationwide.
Coincidentally, when Shunfeng first arrived in the Northeast, its first major business was with Shen Yuequn. Later, relying on its solid service, Shunfeng naturally became the official partner of Jiangnan Group, and all of Jiangnan Group’s logistics were handled by Shunfeng.
In the beginning, Jiangnan Group’s business was not that large, and Shunfeng did not pay much attention to it.
However, by October of the previous year, the logistics throughput began to increase dramatically, and its reach extended from key cities in China to various prefecture-level cities and county-level cities, with order volumes quadrupling or quintupling within a month.
Later, Wang Wei personally directed Shunfeng to establish a center in Wenzhou. By April, Jiangnan Group’s logistics business accounted for about 30% of Shunfeng’s total order volume. This was an extremely terrifying figure. Everyone at Shunfeng, including Wang Wei himself, regarded Jiangnan Group as their god of wealth.
However, Wang Wei had never had the opportunity to meet Huang He until today, when he suddenly received the news that Huang He had come in person.
“What does Chairman Huang want to do by coming here?” Wang Wei felt a sense of unease. He vaguely guessed a possibility.
Wang Wei warmly welcomed Boss Huang into his office and engaged in a lively conversation. Wang Wei took the initiative to express his gratitude for Jiangnan’s business support for Shunfeng Express, while Boss Huang also expressed his thanks for Shunfeng’s logistics cooperation, which allowed Jiangnan’s blind boxes to be quickly transported nationwide.
Both sides seemed to be chatting very happily, but Wang Wei’s unease grew as they talked, until Huang He spoke, “Boss Wang, I heard you are in dire need of money now?”
“In need of money?” Wang Wei was taken aback. He wasn’t in need of money. He now had orders from Jiangnan Group. Although Jiangnan Group’s transportation unit prices were kept very low, the sheer volume meant that Shunfeng was still earning a lot.
More importantly, as Jiangnan Group’s outlets were established in various cities across the country, Shunfeng’s reach could also expand alongside Jiangnan Group nationwide.
In Wang Wei’s original plan, he might not have been able to establish a nationwide logistics network and have his outlets spread across major and medium-sized cities until before 2008.
However, with Jiangnan Group’s business, this goal could potentially be achieved before 2004, making Shunfeng the first express company in the country with outlets covering major and medium-sized cities nationwide.
“Yes, that’s why I’ve come to deliver money!” Huang He said with a smile. “Boss Wang needs money, and I happen to have two hundred million yuan that can be invested in the entire Shunfeng Group!”
“So that was the intention after all?” Wang Wei sighed inwardly. It seemed his previous concerns were not unfounded. Huang He was indeed interested in his Shunfeng Express.
“Chairman Huang, I don’t need money, so you don’t need to worry!” Wang Wei replied cautiously.
“No, you definitely need money!” Huang He said with a smile. “Shunfeng needs to complete the task of establishing express points in all medium and small cities across the country within this year. Does Shunfeng have the funds for this now?”
“Within this year? When did I ever say that!” Wang Wei was stunned. His plan was clearly a goal for before 2008, so why had Huang He moved it up to this year?
“Because our Jiangnan Group needs it!” Huang He said faintly. “Within this year, Jiangnan Group will complete its layout, and there will be blind box sales points for Jiangnan Group in all medium and small cities across the country. I estimate that the number of blind boxes needing transportation within this year could reach billions, and it’s not impossible for this to exceed tens of billions in a few years.”
“In addition, our Jiangnan Group will also launch many new businesses, all of which require the assistance of a nationwide logistics company. Therefore, if Shunfeng Company cannot achieve this goal within the year, it will put Jiangnan in a very difficult position.”
“In fact, 40% of our Jiangnan Group’s outlets are inaccessible by Shunfeng Logistics, and you achieve this by entrusting third-party logistics companies for transportation. This does not meet Jiangnan Group’s strategic requirements.”
“So we need money to expand, don’t we?” Wang Wei said with a wry smile. If he were to achieve Huang He’s goal, he would indeed be short of funds, and would have to borrow money to develop.
Wang Wei could borrow money from banks, or even find loan sharks, and there would be no need to accept Huang He’s investment.
However, Wang Wei also understood that if he did not accept Huang He’s investment, not only would the money not be available, but Huang He’s annual orders would also cease.
“Then, Chairman Huang, how much equity are you looking for with your two hundred million investment?” Wang Wei asked.
“All of it!” Huang He said blandly.
“That’s impossible!” Wang Wei stood up directly. “Chairman Huang, I respect you as my major client, but you can’t be dreaming like this. Shunfeng is currently valued at around five hundred million yuan. Your two hundred million can at most get you 40% of the shares. Why do you think you deserve all the shares?”
“Come, come, sit down and listen to me!” Huang He said with a smile. “It’s not entirely all, but mainly because I need to complete a comprehensive integration of Shunfeng, so I need to acquire Shunfeng as my wholly-owned subsidiary first. However, the agreement can specify that I will give you 40% of the stock options. You only need to work at Shunfeng for 10 years, and these 40% of the equity will be entirely yours, and you will have complete autonomy to decide!”
“Moreover, rest assured, the development speed of our Jiangnan in the future will be astonishing, with rapid annual business growth. At that time, Boss Wang won’t need to do anything else but focus on providing excellent logistics services for our Jiangnan Group, and Shunfeng will develop into a company with a scale of hundreds of billions.”
“At that time, this 40% equity will be worth over 40 billion yuan, and Boss Wang will become rich. You will definitely not regret today’s decision.”
“Chairman Huang, your joke isn’t funny at all!” Wang Wei said, pursing his lips. “Even if you account for 30% of our company’s business volume, it doesn’t mean I have to agree to such an unreasonable request. Moreover, logistics is not a simple job. Without the help of large and expert logistics companies, your company’s goods will not be able to reach nationwide in a short period of time!”
“After all, there is no other express company in the country with a more comprehensive network than ours. Jiangnan Group is the one that cannot survive without our Shunfeng Logistics, isn’t it!” Wang Wei retorted unyieldingly.
“That may not be the case!” Huang He licked his lips. “I know there is still one logistics enterprise in the country that has a larger, broader, and more professional layout than yours.”
“That’s impossible. There is no second such enterprise in the country!” Wang Wei immediately refuted.
“Uh, have you heard of China Post?”