Year: I had a good time when I was young

Chapter 749: A Letter of Challenge

Chu Xiangqian saw that Zheng Yutong wanted to raise a purebred horse and become a member of the Jockey Club to improve her status.

Naturally, not only will they not make things difficult for him, but they will help him as much as possible.

Without hesitation, he smiled and said, "If you want it, I'll give you a membership quota. And you and Bridge are partners now. Talk to him yourself, and he will help you with all the procedures for joining the club."

Zheng Yutong was overjoyed, thinking that she would have to waste some time talking, but she didn't expect Chu Xiangqian to be so straightforward. She couldn't help feeling a little ashamed, thinking that Chu Xiangqian really treated her as a friend, but she was being petty.

While feeling happy, Zheng Yutong whispered, "Help me find a good horse, price is not a problem."

Chu Xiangqian had just intended to sell him a good horse. As for the price, since it was a good horse, of course it would not be low.

However, there must be no backdoor for him to choose which of the 120 horses to be auctioned is the best.

But it's time to find buyers for the dozens of stallions in the farm and the 32 foals born in the past two years.

Moreover, selecting one of these horses that has the ability to run in the top three on the Hong Kong Island racetrack and selling it to Zheng Yutong can also be considered as advertising.

Of course, if there is no good horse, then choose one for him from the horses in the stables in the Novice Village.

By the way, it was a reward for him. In the past two years, he had earned more than 20 million US dollars from the diamond and pearl business, and from helping him manage the Bald Eagle watches.

He pretended to be hesitant and thought for a minute or two before looking at Zheng Yutong expectantly.

He whispered, "Don't attend this auction. I'll take you to Kowloon Racecourse tomorrow. Thirty or forty foals have been born at the racecourse in the past two years."

There are indeed a few 2-year-old horses in there that my horse appraiser and I both like.

If you are lucky enough and find a good trainer and rider for your foal, you might become a champion horse owner next year."

Zheng Yutong was overjoyed. Since Chu Xiangqian said it was a good horse, he would definitely not fool her.

In this regard, Chu Xiangqian has already proven himself time and again, and has an extraordinary eye for horse judging.

As for the horse trainer, Zheng Yutong thought it would be better to just keep him at the Kowloon Racecourse.

Not only does he not need to worry about the foal's training, but Chu Xiangqian himself would feel bad if the foal really fails to achieve good results.

Moreover, a two-year-old horse has not yet grown up, so its price is definitely much lower than that of a three-year-old horse.

Maybe you only need tens or hundreds of thousands of dollars to buy a foal with great growth potential.

"Okay, we'll meet at Kowloon Racecourse at 10am tomorrow."

As for the price, neither of them mentioned it, but instead talked about the Diamond Import and Export Company, the sales of pearls, and the sales of Bald Eagle watches in Neon.

There is no need to say much about diamonds and pearls. Chu Xiangqian has plenty of pearls, and it is a no-cost business.

The business of diamonds and various gemstones, not to mention the temple treasures being packed in sacks, and each one is of top quality.

Taking out dozens of them every year, for Zheng Yutong's Zhou Dasheng, they are basically the treasures of the store.

Moreover, although various diamonds and gems are expensive in Middle-earth, Chu Xiangqian uses food, wine, weapons and ammunition to exchange them, and the prices of diamonds and gems are even lower than those in the real world.

There are also many small diamonds and gemstones, and the prices are lower.

That's why Zheng Yutong treated Chu Xiangqian as her financial sponsor.

As for the Bald Eagle watch, because it is a magnesium brand and is positioned for the middle class, it is priced at US$260 and its sales have been increasing in the past two years.

At the beginning, we purchased 1 pieces from the mainland, and it took seven or eight months to sell them all. By the second half of last year, we ordered 5 pieces, and they were sold out in just five months.

At the end of last year, Chu Xiangqian placed an order of 10 yuan directly to the domestic market.

The bosses were very happy, but they had to start expanding the watch factory.

The watch factory designated by Chu Xiangqian has no problem producing 10 Bald Eagle watches a year, but the orders suddenly increase by 1%, and the watch factory will be short of manpower and raw materials for domestic use.

Of course, this is a good thing for China.

He even hoped that the orders given by Chu Xiangqian would increase from 10 in half a year to 20 or 30.

After all, the Bald Eagle watch was produced domestically and sold to Chu Xiangqian for $26.

As the scale of production continues to expand, the net profit has increased from US$5 per watch to US$7 or US$8 now.

10 yuan in half a year means 260 million US dollars, or 520 million US dollars in foreign exchange entering China in a year.

And you can make $1.5 or $600 million.

This business is a key project at the moment.

The country is also developing a new series based on the three new styles provided by Chu Xiangqian.

The benefit brought to Chu Xiangqian by the surge in sales was that sales reached US$1300 million in the second half of last year.

In total, nearly 11 watches were sold, and after deducting all expenses, Chu Xiangqian made a profit of at least 1900 million US dollars.

Even the pure gold watch priced at $2888 has sold more than 600 pieces in the past two years.

Of course, Zheng Yutong doesn’t know the purchasing price in the mainland.

The watches Chu Xiangqian purchased from the mainland were not shipped directly to companies in Hong Kong Island, but were purchased in the name of offshore shell companies.

The purchase price was US$26, but it was sold to Chu Xiangqian’s foreign trade company in Hong Kong Island for US$200.

That is to say, the Bald Eagle watch sold in the island country has a theoretical profit of $60.

After deducting expenses for employees, store openings, and taxes, he only made less than 500 million US dollars on the surface.

But in Zheng Yutong's opinion, the profit is already extremely high.

500 million US dollars converted into Hong Kong dollars is a full 1500 million. As the general manager, he has a 10% share dividend, which directly gives him 150 million Hong Kong dollars.

Moreover, Chu Xiangqian gave him options. The contract term was 10 years. Every two years, he would be sold 2% of the shares until he held 10%.

It’s a pity that Chu Xiangqian concealed the real profit, otherwise the valuation of Bald Eagle would not be 2000 million US dollars, but 8 to 1 million US dollars.

The valuation of a physical enterprise is often only 3 to 4 times its annual profit.

If it were US technology stocks in the 80s and 90s, valuations of , , or even times would be common.

But Chu Xiangqian actually did not suffer any loss. Zheng Yutong alone made him nearly 2000 million US dollars, so he was willing to sell him 40% of the shares for 2 US dollars.

Zheng Yutong has received 150 million Hong Kong dollars in dividends in the past two years, which is equal to his Zhou Dasheng. The three old stores have made 3% to 3% profit every year in the past few years. When the three new series of watches appear, Chu Xiangqian will increase the price, after all, the new watches are indeed more beautiful.
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After agreeing to meet up at the racecourse tomorrow morning, Zheng Yutong asked Zhang Tianzhi to pull over, said hello to Chu Xiangqian, got out of the car and got into a Mercedes that had been following them.

Chu Xiangqian went to the "Martial Arts Association" in Yau Ma Tei.

When we arrived at the place, we saw from afar a dozen disciples wearing special training clothes of various schools chatting at the entrance of the association's headquarters.

I saw Chu Xiangqian’s Rolls-Royce driving over.

Hong Zhennan's eldest disciple, Aji, hurriedly led his men to open the car door for him, bowed to Chu Xiangqian and said, "Uncle Master, Master and the others are already here."

Chu Xiangqian looked at his watch. It was only 2:45. There were still 3 minutes before the meeting at 15 o'clock. So he was naturally not late, and there was no need for so much politeness.

He nodded to Aji, then greeted with a smile the dozen or so disciples from various martial arts schools in front of him.

And it can be seen at a glance that these dozen people are basically working as martial artists in their own film sets, and some of them are even playing supporting roles in the movies shot by "Chu's Pictures" in the past two years.

However, 9% of those who learn martial arts in martial arts schools come from poor families, and apart from their strength and kung fu, they basically have no other survival skills.

He didn't study much, so nine and a half out of ten are of average appearance, and the remaining half is just ordinary in the actor circle full of handsome guys.

It is extremely difficult to make a name for yourself in the film industry.

But if he is really good at kung fu, he can be a gold medal supporting actor in the future, and he can not only support his wife, children and parents, but also save money and buy a house of 40 to 50 square meters.

Some two- or three-storey street-side buildings in Yau Ma Tei only cost 20,000 to 30,000 Hong Kong dollars.

But even so, most people still can't afford it.

This shows how low the per capita income was in that era and how difficult life was for the lower class people.

Chu Xiangqian sighed in his heart, but he didn't have much sympathy. This kind of social problem can't be solved by him alone, and he is not that great.

Living your own life well and taking good care of your wife, children and relatives is already very good.

As they walked, they asked Aji, "Where are A-Long and Sanbao?"

Ah Ji quickly replied, "Brother Long and San Bao collaborated on a new movie, and he was invited to Taiwan a few days ago to promote it."

Chu Xiangqian nodded, no longer caring about why Hong Sambo and Guo Zhenhua took up the challenge when someone came to challenge the Wushu Association.

When I entered the association's headquarters, I saw a dozen martial arts masters sitting in a circle around Hong Zhennan, drinking tea and chatting.

Seeing Chu Xiangqian walk in, many masters hurriedly stood up, straightened their bodies subconsciously and saluted Chu Xiangqian with their fists.

Chu Xiangqian also politely returned the greeting, then took the initiative to bow to Hong Zhennan who was sitting in the main seat, and said politely, "Brother, long time no see, how are you?"

Hong Zhennan felt relieved when he saw that Chu Xiangqian was still as polite as before.

He smiled and clasped his fists in return, then took Chu Xiangqian's hand and pushed him to the main seat, and sat on the chair next to him.

Then the topic of Muay Thai, Karate, and the Filipino short stick came up.

Chu Xiangqian took the letter of challenge and after just a few glances, he guessed that it was probably those families in Kuala Lumpur who were taught a lesson and hated by them, and they paid people to make trouble for him.

But this time Chu Xiangqian was wrong. It was not just those families, but the Malay Chamber of Commerce that thought he was too domineering.

Just because a dozen businessmen with businesses in Hong Kong Island did not cut off their ties with a few families in Kuala Lumpur, the businesses of all Malay businessmen in Hong Kong were ruined.

In the subsequent media war between the two places, Malaysia did not gain any advantage, and did not dare to engage in an endless vendetta with Chu Xiangqian.

Someone suggested that everyone contribute some money and hire a few powerful boxers to go and cause trouble for Chu Xiangqian.

As long as his golden image of never failing in anything is broken, it would be like tearing a hole in his path, and the media and people of Hong Kong Island would not be so supportive of him.

Chu Xiangqian could probably guess what the Malays were thinking, but he really didn't expect that even the Malay hereditary Sultan felt humiliated this time and secretly supported the Chamber of Commerce to continue to make trouble for Chu Xiangqian.

Although the Sultan seems to be just an indigenous lord, in fact, the nine Malay Sultans take turns to be king.

Although the king does not have secular power, the Sultan is not only the actual ruler of his own state, but also extremely wealthy.

If you have money and power, you naturally care more about face.

Chu Xiangqian thought for a moment before saying to Hong Zhennan, "Brother, I have a lot to do. If the three people who challenged me are not busy, I, as the president of the martial arts association, will personally accept their challenge here at 2 o'clock in two hours."

Hong Zhennan was stunned. Other martial arts masters and qualified disciples were also surprised. They couldn't help but secretly think that Chu Xiangqian was too arrogant.

Master Luo, Master Zheng and several other masters who were close to Chu Xiangqian stood up and advised him that even if he wanted to fight, he should step back for a few days to make more preparations.

Chu Xiangqian waved his hand. Ever since he started adding points to his strength and agility, his strength had increased many times over three years ago.

Back then, he could easily cripple the Ying country's boxing champion Tornado in the ring, and he even left some hidden injuries. After a period of time, he exploded and became a complete cripple.

Now, Chu Xiangqian felt that if he stood still and allowed the three challengers to attack him, relying on his extraordinary physique, he might not even get injured, let alone a broken skin.

Chu Xiangqian thanked Master Luo and Master Zheng who were trying to persuade him to think twice, and said with a smile, "I have not fallen behind in my training in the past few years. To be honest, I am not bragging, but at this moment, I can defeat myself three years ago with one hand."

More than a dozen masters, Hong Sanbao, and the martial arts disciples who had witnessed the competition between Chu Xiangqian and Tornado three years ago were so frightened that they gulped their saliva after hearing the story.

When Chu Xiangqian attacked Tornado, he crushed him like a strong man beating a child.

But that doesn't mean tornadoes are useless.

Hong Zhennan went on stage to fight Tornado, but he only lasted three rounds because of his asthma and breathing problems, and was almost beaten to death by Tornado on the stage.

In the past, Hong Zhennan was also one of the best in the martial arts world of Hong Kong Island. Among the dozen or so martial arts masters present today, none of them can beat Hong Zhennan.

Chu Xiangqian said that he could single-handedly defeat himself from three years ago. Doesn't that mean that all the masters present won't even have a chance to resist in front of him and will be defeated by him?

Zhang Tianzhi and Zhou Billy, who were standing behind Chu Xiangqian, looked at Chu Xiangqian's back with admiration and a little envy.

The two men thought that their boxing and kicking skills were no weaker than those of Hong Zhennan and Master Ye. But when facing Chu Xiangqian, they really couldn't feel the slightest bit of dissatisfaction.

A year ago, his boss was able to beat two of them, and Tony Jaa, the Muay Thai master, begged for mercy.

It can be seen that Chu Xiangqian’s current kung fu has indeed reached a level that even a Wing Chun master like himself cannot understand.

Even if those three masters of Muay Thai, Karate and Filipino short stick joined forces, they would not be much stronger than himself, Billy Chow and Tony Jaa.

He was even worse than the three of them, so Zhang Tianzhi and Zhou Bili were hoping that Chu Xiangqian would finish the job earlier so as not to delay their dinner.

(End of this chapter)