The research and development of inverter air conditioners is a long way, and it will definitely not work in a few years. This is just a future direction, but a few years is nothing for a company that focuses on household appliances, and whether it is Developing new technologies or developing new markets requires a lot of capital.
Although the 1970s was the starting point for the explosion of the electronics, personal computer and software industries, and there were many golden opportunities, in general, the market that can be developed is still too small. For example, arcade machines, which are very profitable, cannot come up with any new tricks now. Because chip technology cannot meet the requirements of complex games, Atari, the ancestor of arcade machines, will launch a game Arkanoid this year. The internal operation is very simple, and it can only be that simple. The more complicated it is, the faster the internal speed will be. The chips are too much to bear.
However, the game is still very popular despite its simplicity. This simple game brought millions of dollars in profits to Atari and was the first pot of gold for this giant in the future.
Chen Zhiwen was naturally very concerned about the arcade industry. However, in 1972/73, the chip technology was poor and there were no talents in this field in Hong Kong. He himself did not understand it. In addition, he had no money, so he had no choice but to give up.
It is possible to enter now, but due to the chip capabilities, there are very few games that can be developed, and the short-term profits will not be very strong.
In the absence of electronic technology, the huge funds needed for Midea's development can only rely on the two most profitable businesses in Hong Kong - real estate and finance.
Chen Zhiwen has been arranging his own traders to buy Wharf stocks on the stock market at different times and accounts. The funds used are also funds transferred back from overseas, thus avoiding the eyes and ears of HSBC. From last year to now, a total of 15% of the shares have been acquired. Wharf stocks.
However, unlike the later Li Jiacheng's acquisition of Wharf stocks, which attracted the attention of the whole Hong Kong, Chen Zhiwen's acquisition did not cause any splash. The first reason is that the time was different. Li Jiacheng acquired Wharf in 1977-78. By that time, the Hong Kong stock market had rebounded, and funds Active, although Wharf stocks were half-dead at that time, under the general environment, a lot of funds entered the market, and Li Jiacheng acquired more, which attracted attention.
Now, for more than a year, the entire Hang Seng Index has halved and then halved again. Wharf’s stocks are also slowly falling. What’s more convenient is that in order to raise funds to build Harbor City, Wharf has invested heavily in additional shares on the stock market. , these stocks flowed into the stock market in large quantities. Chen Zhiwen's acquisition was completely normal. Neither shareholders, Wharf itself nor securities companies found any funds to acquire Wharf.
Outside of Wharf, Chen Zhiwen has not taken action on other stocks for the time being. One is because of limited funds, and the other is because stocks with future potential stars such as Cheung Kong Holdings and Sun Hung Kai have actually not increased much in recent years. You can wait until you have free funds before investing. Besides, the purpose of acquiring Wharf is not to make a fortune, it is the starting point of a career.
In addition to real estate, Chen Zhiwen still arranged for his men to focus on acquiring industrial real estate, and also purchased some B-type official documents in exchange for land certificates. In addition, he also arranged for lawyers to go to Taikoo Shing for negotiation, and finally acquired a building close to Victoria Harbor. According to current The price was 220 per square foot, and a 5% deposit was paid. The contract was also signed very strictly. If Chen Zhiwen did not pay at the end of the contract, the contract would be void and the house would be repossessed by Swire, and the payment would be based on the house price in 1974.
Chen Zhiwen knew that by 1976, housing prices here would have risen to nearly HK$400 per square foot, and by 1980, they could easily exceed HK$1,000. However, no matter how high the profit margin is, it is only for one building, and the investment is just accidental interest in the location.
Chen Tianfu, according to Chen Zhiwen's request last time, registered an investment company, and then bought three good-looking shops in Central. After a little simple decoration, he started business. His main business is to absorb the spare funds of the society and real estate. As soon as the certificate was placed in the center of the lobby, it really gave me a sense of trust. Coupled with the high probability of 10% return in one year and the 100% safety guarantee of the principal, I attracted 500,000 Hong Kong dollars on the first day of business, and then averaged 23,000 Hong Kong dollars per day thereafter. One hundred thousand, although not much, can be considered a start. Besides, as long as you are brave, this money can be used for a lot of purposes if it is leveraged.
Of course, this kind of situation is generally not allowed, but if a fraudster like Chen Songqing appears in Hong Kong in a few years, the current regulatory chaos can be imagined.
After arranging everything, Chen Zhiwen came to his property, the Hilton Hotel. Today, he booked an independent suite to entertain a guest.
"Zeng Sheng, this is wine imported from France." Chen Zhiwen poured the wine glass and handed it to a middle-aged man about 40 years old in front of him.
"Mr. Chen is so polite." The middle-aged man surnamed Zeng said with a smile. He took the glass and took a sip. He praised: "It's very good. It's much better than what I drank abroad before."
"Of course, it costs more than a thousand Hong Kong dollars a bottle." Chen Zhiwen smiled and said, "Zeng Sheng, you should also know the purpose of why I called you out today. Do you think we can cooperate?"
"Chen Sheng, your father has contacted me. I would be happy to have the opportunity to cooperate and sell the products to the United States. However, my company only produces ties. I have read the fax your father gave me. From the list, it seems that the number of ties is very small." said the man surnamed Zeng.
"I know this. Goldlion only makes ties, so my idea is that we build a joint venture factory, and you will manage it. I will be responsible for the orders and specialize in producing the main products for American orders, such as short-sleeves, winter coats, quilts, bedding, etc. ." Chen Zhiwen said.
The person in front of me is none other than Hong Kong's most famous tie king, Tsang Tsz-hing. He is also one of the few representatives of Hong Kong's manufacturing industry to survive into the 21st century. He started to establish a tie company in Hong Kong in 1968. In fact, he was It avoided the most competitive garment industry in Hong Kong's manufacturing industry at that time. After more than ten years of development, it entered the domestic market through reform and opening up. In the early days, it cooperated with the country's three-to-one subsidy policy to earn foreign exchange for the country's exports. In the 1990s, the country opened up its own In the market, Goldlion took advantage of the opportunity of early entry to become the most well-known brand in the country. Later, when the tie business reached its limit, it also began to develop industries such as ready-made clothing and leather bags.
But after all, it is a manufacturing industry, not high-end, and far behind those real estate giants in Hong Kong. The reason why Zeng Zixin is famous is because of his achievements in the field of charity. He donated half of his funds to the mainland throughout his life, whether it was It wasn't for any purpose. With such a person and ability, Chen Zhiwen was naturally willing to cooperate with him.
