Reborn since 1993

Chapter 1191 Startup
Frankly speaking, the speed at which Tse Sui Luen opened stores in the mainland has astonished the entire jewelry industry in Hong Kong.

Jewelry brands like Chow Tai Fook, Chow Sang Sang, and others now have only about two hundred stores in Hong Kong.

Tse Sui Luen Jewellery has opened more new stores in mainland China in the past six months than many established Hong Kong jewelry brands.

Even among Hong Kong's jewelry brands, no one can figure out what Tse Sui Luen Jewellery is up to.

It's important to understand that the domestic market for jewelry and other luxury goods is still in its infancy. In terms of both user base and market size, it is far behind Southeast Asian markets such as Hong Kong, Taiwan, and Singapore.

Currently, the jewelry industry in Hong Kong focuses more on the local market and the Southeast Asian market than on the mainland.

However, Tse Sui Luen Jewellery went against the grain. Instead of competing head-to-head with brands like Chow Sang Sang in Hong Kong, it entered the mainland market and aggressively opened stores to seize market share.

Given the current jewelry consumption capacity in mainland China, it would be good if Tse Sui Luen's stores could break even; many of them are operating at a loss.

Tse Sui Luen Jewellery's biggest expenditures are currently acquiring stores and land, as well as stockpiling gold. This makes it seem like Tse Sui Luen has seen a surge in the number of stores this year, but in reality, its performance is very poor, making it the most loss-making among all jewelry brands in Hong Kong!

If Tse Sui Luen hadn't already been delisted through a reverse takeover by Cyberport, its stock price would probably have already plummeted below the horizon.

But now, Tse Sui Luen Jewellery only needs to be accountable to its major clients, who demand that Tse Sui Luen Jewellery expand its stores in mainland China and become the largest chain jewelry brand in the country.

For Tse Sui Luen Company, all they need to do is fulfill Mr. Li's requirements; they don't need to worry about the stock price or anything like that. The only other thing they need to do is hoard gold.

Although Qiu Anyi, as the head of Tse Sui Luen Jewellery, believes from an industry perspective that large-scale gold hoarding would put too much pressure on the cash flow and is not in accordance with industry norms.

However, Qiu Anyi dared not object to Li Dongling's demand to stockpile gold. She was representing the Xie family in managing Tse Sui Luen Jewellery. If she were to be dismissed from her position as president by the major investor, the Xie family would truly withdraw completely from Tse Sui Luen Jewellery.

Although Xie Ruilin's performance is not good right now, Li Dongling doesn't care, so the Xie family naturally won't have any objections.

Looking at the bigger picture, the stores that Tse Sui Luen Jewellery has acquired in mainland China will no longer have rent costs, which will make Tse Sui Luen Jewellery's costs much lower than those of other brands such as Chow Tai Fook in the future.

And gold goes without saying; although its price fluctuates, it continues to rise.

With its own stores and low-priced gold, Tse Sui Luen Jewellery will be able to make money almost effortlessly in the future, and other brands simply cannot compete with it!

Li Dashan's expectations for Tse Sui Luen Jewellery are not just about making easy money in the mainland. If there is an opportunity for Tse Sui Luen to enter the overseas market, why not take advantage of overseas customers?

Old European luxury brands are ripping people off all over the world, so how can Chinese luxury goods, carefully selected by our ancestors through nine generations of family tradition, be inferior to those brands?
As for Ya'an Security Company, in the words of its leader Zhang Wenqing, Ya'an simply cannot fill the security market in Hong Kong and Southeast Asia!
Thanks to the emergence of world-renowned thieves and other notorious criminals, the wealthy and famous in Hong Kong and Southeast Asia are on edge, fearing that they too will be kidnapped, leading to a surge in demand for security services.

Similarly, hotels, companies, docks, hospitals, schools, airports, and other establishments in the port city also have security needs. Thanks to its relationship with the Hong Kong government and the Hong Kong Police Force, Ya An has secured security contracts for these locations, giving it a significant advantage over its competitors.

Ya An's relationship with the Hong Kong government, coupled with Zhang Wenqing's past involvement in triads, means they have connections in both the legitimate and criminal worlds. In most cases, Ya An can handle any unexpected incidents.

As for encountering tough opponents or gangs, Zhang Wenqing has no fear.

If Ya'an can't handle it, then the Hong Kong Police Department should be called in. If the Hong Kong Police Department still can't handle it, then they are no ordinary bandits. In that case, the armored vehicles stationed in Hong Kong should be called in to see if those gangsters are tougher on the head or if their artillery shells are tougher!

After listening to the reports from Cyberport and other companies, Li Dongling basically got the gist of it. In this kind of setting, he couldn't give them too much time to give long speeches.

For companies like Cyberport, Port City Telecom, and Peregrine, Li Dongling will definitely need to finalize the plans with Lin Xianhui and the others later.

Li Dongling brought the microphone closer, and the conference room immediately fell silent. Everyone, whether from the port company or the inland company, turned their attention to the philanthropist, Li Dongling.

"On behalf of Dongling Hi-Tech Hanxi Headquarters, I would like to thank everyone for everything you have done!"
The headquarters of Dongling High-Tech will never forget the contributions you have made!

Li Dongling's words were mainly directed at Lin Xianhui and his group. Dongling High-Tech Port City Company is one of Dongling High-Tech's three major overseas branches.

Next, the headquarters of Dongling High-Tech will need the efforts of Lin Xianhui, Liang Botao and other people from Gangcheng Company. They will definitely have to make grand promises and provide sufficient rewards. If you want the horse to run fast, you have to feed it well.

In war, soldiers are required to risk their lives. If you cut back on their rations and pay at this time, it's like an old man eating poison, wishing he would die sooner!
Lin Xianhui and the others were all invigorated upon hearing Li Dongling's words.

Dongling Hi-Tech Port City Company, like Dongling Hi-Tech North America Group and Dongling Hi-Tech Europe Company, is one of Dongling Hi-Tech's three major overseas subsidiaries.

But the border troops have never been afraid of fighting; what they fear most is having no one to support them in the court and being distrusted. Similarly, Dongling High-Tech Port City Company has always been very cautious in handling its relationship with the Hanxi headquarters.

As for challenging the headquarters, Gangcheng Company had not considered it. However, as companies such as Digital Port have become stronger, the strength of Dongling High-Tech Gangcheng Company has also continued to increase.

At this point, inevitably, Dongling High-Tech Port City Company also wanted to gain more authority. It wasn't about breaking with the Hanxi headquarters, but rather about getting things done without having to consult the headquarters every time. This would make things much easier for Port City Company.

Li Dongling was well aware of the delicate relationship between overseas branches like Dongling High-Tech Port City Company and the headquarters.

The relationship between headquarters and branch offices has always been delicate. Headquarters naturally hopes that branch offices will obey its orders without question and execute them unconditionally.

However, from the perspective of the branch offices, especially companies of the level of Dongling High-tech Port City Company, the situation they face is very complicated.

Managing relationships with the Hong Kong government, various departments, wealthy families, conglomerates, and a host of rivals—all these tasks require the management team, led by Lam Yin-fai, to handle.

Sometimes, missing a small opportunity can lead to total failure!
If everything is reported to headquarters before being processed, without any courage or decisiveness, what's the difference between them and puppets? By the time they get a response from headquarters, it will probably be too late. At that time, headquarters might even blame Lin Xianhui and his team for their poor performance.

Having to deal with both headquarters and the affairs of Gangcheng, Dongling High-Tech Gangcheng Company naturally wanted to gain more authority.

The competition between Dongling Hi-Tech's branches and headquarters will continue in the future and will not disappear completely. This is the same for other international giants.

During the time when Li Dashan was in charge of Dongling High-Tech, there were minor frictions and competition between the headquarters of Dongling High-Tech and its three overseas branches, but it was impossible for them to fall apart.

Whether it's the headquarters or Dongling High-Tech Port City Company, who dares to bare their teeth at Li the Great Philanthropist?
Similarly, Li Dongling also needs the branches managed by Lin Xianhui and others to conquer new territories for Dongling High-Tech, instead of just loafing around and waiting for death, leaving everything to be done by the headquarters. Otherwise, the Dongling High-Tech headquarters would be constantly busy and would end up in a mess.
As for what will happen between Dongling High-Tech's headquarters and overseas branches after Li Dashan retires in the future.

Whether it's the headquarters suppressing the overseas branches, or an overseas branch suddenly producing a strong figure challenging the headquarters, that's a problem the next leader of Dongling High-Tech will need to consider.

There is no law in the world that remains unchanged for a hundred years. Li Dongling could not possibly come up with a set of rules that would guarantee Dongling High-Tech's peace of mind for fifty years. It would probably be difficult to do so even in three to five years.

If the next leader of Dongling High-Tech cannot manage the branches, then he is not suitable to be the leader. What Li Dashan needs to consider is not how to help him, but whether to replace him with a different leader.

After all, if someone with headquarters, legitimacy, financial, personnel, and capital advantages, and controlling stake can't handle an overseas warlord, what's the difference between him and Zhu Yunwen of the Ming Dynasty, who commanded a million-strong army but was overthrown by the Jingnan Rebellion? Even a pig could probably outmaneuver him.

Instead of quickly replacing the leader, what nonsense are they thinking about?

"I came to the port city this time to officially launch the Silicon Port Project of Cyberport!"
"China.com is the first step in launching the Silicon Harbor project!" Li Dongling said.

After saying that, Li Dongling turned his gaze to Guo Jingyun, who was sitting on his right. The development of China.com was handled by Tianya Company. Hong Kong City does not have many software development teams at present, and the cost is too high.

"The website of China.com has been developed and passed testing. It supports both simplified and traditional Chinese. As long as Chinese people around the world can read Chinese.com's news, they can understand it."

Tianya Company has also dispatched a team of engineers to Hong Kong to be responsible for the maintenance and upgrades of China.com!

"However..." Guo Jingyun looked at everyone in the conference room, "The source of the news from China.com has not yet been confirmed!"

China.com's slogan is very loud: to become the world's number one Chinese portal website. Naturally, the source of news becomes a major problem.

Upon hearing this, Lin Xianhui frowned. If China.com wanted to collect global news, it would definitely need to cooperate with many media outlets and newspapers, which would require a lot of resources and funding, as well as the establishment of a large editorial team.

"The news on China.com should be mainly divided into three parts!" Li Dongling said at this moment.

"The first part of the news, from 8 a.m. to 12 p.m., is China.com's coverage of news from Hong Kong and Southeast Asia."

They could seek support from the Hong Kong government to reach exclusive online publishing rights agreements with Hong Kong's Ming Pao and Ta Kung Pao, as well as Singapore's Lianhe Zaobao in Southeast Asia.

China.com can pay these media outlets a buyout fee, or renew on an annual basis.

"The second part is from noon to 6 p.m., seeking cooperation with Chinese radio stations and Chinese newspapers in America and Old Europe to provide news for China.com and report on news related to Chinese people in America, Old Europe and other places."

"The third part is that after 6 PM, we can repost inland news..."

(End of this chapter)