The world begins with Hong Kong movies

Chapter 227 The Giant!
Pengcheng, Fenghua Group Company.

The sales department's phone rang incessantly, with calls being answered and hung up constantly.

As the most well-known Hong Kong-owned enterprise in Shenzhen, Fenghua Group has a very prestigious reputation.

The key point is that all of Fenghua Group's subsidiaries are doing very well.

Clothing factories, for example, specialize in producing high-quality counterfeit clothing, and they basically focus on export.

In this era, that represents high-class and sophisticated!

Many other private garment factories in Pengcheng are imitating the clothing styles of Fenghua Garments.

They don't care whether it's a high-quality counterfeit of foreign goods or not. As long as they think it looks good and is popular in the market, they will imitate it again and sell it domestically to make money.

In fact, with Fenghua Apparel as the core and other imitators gathered together, the number of private clothing enterprises has reached a considerable scale.

Putting aside everything else, the fact that they were able to spread such beautiful clothing throughout both the north and south is quite remarkable.

Of course, Feng Hua Apparel has not given up on the mainland market.

However, they adopted a model of having state-owned garment factories in mainland China manufacture the garments, while simultaneously finding provincial distributors.

After more than a year of operation, it has expanded to cover most of the economically developed regions in the country.

Basically, their clothing distribution points exist in almost every provincial capital and well-known city in inland China.

Similarly, Feng Hua Apparel is considered the largest apparel brand in mainland China.

As for imitators, Feng Hua Apparel has no intention of suppressing them.

As long as we don't provoke each other, we can all live in a state of mutual respect and non-interference!
As the mastermind behind Feng Hua Apparel, Wu Feng never intended to monopolize the market from the very beginning.

Even with government intervention, it was impossible to monopolize the mainland clothing market at that time.

He also knew that with the continued opening up of the mainland, big names in the international fashion industry would soon be coming in.

When that time comes, it will stir up a bloodbath in the mainland clothing industry, and it's hard to say whether Fenghua Clothing will still have its current advantage.

Of course, as long as they maintain firm control over the distribution channels, Fenghua Apparel will not be easily defeated.

In this process, it is still very necessary to cultivate a large number of competitive private garment manufacturers in mainland China.

When it really comes down to a fight to the death, these private manufacturers will be at the forefront!

This also shows that Feng Hua Apparel doesn't hold imitators to be too harsh.

Otherwise, every time Feng Hua Apparel launches a new international fashion item, it would cause a huge uproar in the mainland clothing market, but they have never done so.

On the contrary, they also used mainland celebrities to advertise their high-quality replicas of international fashion items, making them as popular as possible in mainland China.

As long as they keep up with international trends in aesthetics and design, when the real international fashion giants enter the market, they will face extremely difficult mainland fashion competitors.

Feng Hua Apparel doesn't just produce high-quality replicas; they also create a number of futuristic fashion items designed by Wu Feng himself in Hong Kong. These fashion items are quite impressive.

At the very least, its subsequent popularity in mainland China, Hong Kong, and Macau proves the universality of the design.

At present, Fenghua Apparel is not afraid of competing head-on with major international brands.

In fact, the existence of Fenghua Apparel has already affected the normal market share of many international brands.

Hung Hing leader Chiang Tin-sang is quite capable!
Many of Feng Hua's high-quality replicas entered the Netherlands through him, and then spread from the Netherlands to the whole of Central and Western Europe.

As time went by, Jiang Tiansheng shipped more and more high-quality counterfeit goods to the Netherlands.

This has significantly impacted the sales of high-priced, authentic clothing.

Don't assume that ordinary people in Central and Western Europe are really rich!
They also wanted to buy good quality, inexpensive clothing, but unfortunately, they hadn't had such a channel before.

Now things are much better. The large quantity of high-quality counterfeit goods that Jiang Tiansheng brought in completely meets their needs.

It can be said that a large number of high-quality counterfeit clothing items, which flowed into Central and Western Europe through distribution channels, occupied a significant share of the low-to-mid-range clothing market.

In other words, globalization was not yet complete at this time, and competition within the European garment industry was in a mess.

Those clothing tycoons don't have much energy to spare for the business of selling high-quality counterfeit goods; otherwise, Jiang Tiansheng's business of selling counterfeit goods wouldn't have grown so large.

They have even developed a certain scale advantage, with more and more forces joining in and their power growing, making it difficult to eliminate them in the future.

Well, as long as European high-end fashion brands continue to hold the reins on defining high-end fashion, Fenghua Fashion in Shenzhen will continue to operate.

Of course, with the arrival of the internet wave, we may not be able to play so recklessly in the future.

Pengcheng Fenghua Apparel can be described as a standard cash cow.

Every year, it generates an astonishing profit of over one billion yuan for Wufeng.

Currently, Fenghua Apparel's distribution area covers almost the entire East Asia and Southeast Asia, as well as most of Europe and America, making it a major player among distribution groups.

As the scale expands and continues to grow, the profits it can provide will become increasingly larger.

At least until mainland China joins the WTO, the situation will only get better!
It can be said that with the rapid rise of Pengcheng Fenghua Apparel, the mainland apparel industry has entered a period of accelerated development.

Then, the demand for upstream materials and various sewing machines has stimulated the rapid development of related domestic industries.

Wu Feng also provided a lot of convenience, especially with the development of sewing machines.

Some machines of near-first-class international standard are sent from Hong Kong Island, along with their blueprints, to factories in the mainland. Then, relevant researchers are brought in to explore and replicate them, or to innovate upon them.

Anyway, the results were quite good!

Fenghua Group has invested in several related machinery factories, and its new generation of sewing machines is in high demand.

Since Fenghua Group is not a state-owned enterprise, I don't know much about the specifics.

But Wu Feng is certain that with the technological advancements in sewing machines brought about by Feng Hua Group, related parts manufacturers and producers have all benefited.

In addition, there is a clear trend of technological improvement in the most basic textile machinery.

This is the benefit of having a complete industrial chain.

As long as there is sufficient market demand, the upstream and downstream technology industry chain will develop rapidly.

Unfortunately, the mainland is simply too large. The existence of Fenghua Group, while contributing to the rapid development of Shenzhen and related industries, is still somewhat insignificant compared to the mainland as a whole.

If this were any other country in Southeast Asia, the existence of Fenghua Apparel and related sewing machinery industries would be enough to drive the overall economic development of that country, and that's no exaggeration.

The titles "Four Asian Tigers" and "Four Asian Dragons" at that time represented several East Asian and Southeast Asian countries with rapid economic development.

Let's not even talk about the Four Asian Tigers; their economic size is undeniable, ranking among the top economies in the world.

However, the so-called "Four Little Tigers" are largely unreliable.

A garment company with annual profits reaching HK$1 billion is enough to elevate the economic level of any of the "Four Little Tigers" countries. The garment industry is a standard manufacturing sector, and its value is considerable.

Even so, Fenghua Apparel is by no means the only cash cow for the Fenghua Group.

Fenghua Electronics caught up rapidly and soon surpassed Fenghua Apparel in popularity.

First, they specialized in producing arcade motherboards, which was a business with considerable technical requirements.

Moreover, the added value is quite astonishing. The production cost of an arcade motherboard is over three thousand, and with an arcade casing costing several hundred, it can easily be sold for a high price of fifteen thousand.

If sold to Europe and America, the price would be even more outrageous, with a single arcade machine costing over $30,000!
To put it simply, arcade production was practically robbery!
The key is that as long as there is a demand for motherboards that can store various arcade games, such huge profits can continue for a long time. At least until online games become widespread, arcade games will remain a period of high profits.

At this time, the Hong Kong film and television industry was affected and joined in the research and development of arcade games.

Golden Harvest's Kung Fu series of arcade games achieved considerable success thanks to the promotion by top kung fu stars such as Cheng Shilong and Hong Xinbao.

Cheng Shih-Lung's Asian Eagle series of arcade games performed reasonably well in Hong Kong, Macau, Taiwan, Southeast Asia, Japan, and South Korea, selling over 8,000 arcade machines in one go.

In addition, the previous "Drunken Master" series, as well as a collection of many kung fu movies from the Republican era, were all made into highly playable side-scrolling arcade fighting games, and their sales were quite considerable.

Hong Xinbao's "Five Lucky Stars" series and the "Supernatural Kung Fu" series were also made into arcade games.

Although sales were only between three and five thousand units, the profits were still considerable.

Cinema City's arcade games, such as "The Killer" and "City on Fire," sold over 5,000 units each, making them very profitable.

Even though Shaw Brothers has ceased production, they have managed to repurpose classic kung fu movies they previously made to create arcade games that still sell well, with at least 3,000 units sold.

In addition to the action movies of the same name produced by other film and television companies in Hong Kong, the arcade games they created also included some exciting and exciting titles.

At that time, Hong Kong Island could truly be called the world's arcade game center!
A variety of highly playable arcade games have emerged, and the arcade has gained considerable fame throughout Asia.

Many foreign tourists even come to Hong Kong Island specifically for the numerous arcade games.

There's no other reason than that many arcade games can only be played on Hong Kong Island.

This has led to the arcade machine factory under the Feng Hua Group being extremely popular.

In fact, many Hong Kong Island businessmen and savvy mainlanders have already begun planning to build new arcade factories.

In fact, the biggest market for arcade games is in mainland China!

However, at present, the majority of the production of Fenghua Electronics Company under Wu Feng's control is focused on export.

As for the mainland market, he is not very interested.

Of course, similar to a garment factory, supporting a few underlings is still an option.

Anyway, around 1990, pirated arcade motherboards began to flood the mainland.

It's certain that this will impact Fenghua Electronics' factory!

Of course, as long as new arcade games can be continuously provided, Feng Hua Electronics Factory's business will not have too many problems; at most, the profit of one arcade machine will decline.

In fact, with the booming arcade industry in Hong Kong, many small arcade game development studios have emerged both in Hong Kong and in Shenzhen.

There are many such studios, especially in universities, and they are also an important source of income for many college students to start their own businesses and earn their first pot of gold.

If you can provide a good story idea, you might just be able to develop a wildly popular arcade game.

Even if they can't participate in the profit sharing from the sale of the whole machine, the income from the red envelopes and buyouts alone can be at least tens of thousands to hundreds of thousands of Hong Kong dollars.

In 1988, such an income would have been quite considerable.

On Hong Kong Island, university students can comfortably spend their university years, adding a significant achievement to their resumes. Whether they are looking for a job or continuing to develop new arcade games, these qualifications will be invaluable.

If this were in mainland China, it would be an enormous fortune!
A moderately successful arcade game could also have film and television rights, as well as novel and comic book rights, which would be another additional expense.

Wu Feng himself did not expect that by leading the arcade game development wave, he would create a new way to make money in Hong Kong Island, outside of traditional industries, and give talented young people a pretty good opportunity.

That really is a way to get rich as long as you have a smart brain.

Even established Chinese tycoons and so-called British conglomerates cannot monopolize these industries.

From the very beginning, Wu Feng set a benchmark by establishing very favorable reward measures.

His game development company has been acquiring good game ideas and concepts at high prices since its inception.

Many lucky individuals and studios have actually earned substantial profits by selling game ideas, and this has even been reported in Hong Kong financial magazines.

Other game development companies that followed naturally had no choice but to follow suit and recruit good game ideas at high prices, otherwise no one would pay any attention to them.

This industry has been quite regulated and high-paying from the very beginning.

Without all those messy things, it naturally became the first choice for many ambitious young people to make a fortune.

Wu Feng himself was unaware that because he promoted the development of the arcade game industry in Hong Kong and set a good benchmark for game development companies, university students in Hong Kong had a very good impression of him.

There are quite a few universities on Hong Kong Island, and most of the students come from families that are only of average means.

Why are university students on Hong Kong Island most enthusiastic about becoming lawyers and doctors?
It's just these two professions; as long as you're willing to learn and work hard, you'll definitely be rewarded.

With a valid business license, one's life will be better than that of ordinary people on Hong Kong Island.

However, Hong Kong Island has a large number of university graduates every year, and the small island simply cannot accommodate them all.

Traditional industries in Hong Kong, whether real estate or finance, are monopolized by large corporations, leaving little room for talented individuals to succeed.

Similarly, many large corporations and enterprises on Hong Kong Island employ ordinary white-collar workers who all have at least a university degree. What seems exaggerated is actually a waste of talent.

If possible, every college student hopes to have a comfortable and carefree work and life.

As for the mainland side, all I can say is that FengHua Electronics is quite legitimate.

You will receive every benefit you are entitled to!
However, FengHua Electronics has no way to influence what happens to its competitors.

This time, FengHua Electronics' BBK learning machine and game console have become another wildly popular product.

From the moment it hit the market, demand far exceeded supply.

This time the situation is different; the demand in the mainland market is simply too astonishing.

There is practically no production capacity available for external sales channels.

Distributors from all over the country, as well as those with ulterior motives who came after hearing the news, practically blocked the factory gate. As soon as a batch was produced, it was immediately snapped up.

FengHua Electronics' senior management was quite helpless about this situation!
They've become spoiled and don't actually value the mainland market that much.

Isn't Dao Le (a type of music) appealing? But given the current situation, they don't have time to think about it too much.

(End of this chapter)