The world begins with Hong Kong movies

Chapter 690 An Honest Man Gets Angry! (Seeking Monthly Tickets)

"Also, have you consulted Mr. Fok from Hong Kong before bringing in Little Life Capital in such a hurry?"

Since Wu Zhi had already spoken, he went straight for the point: "If Mr. Huo is not happy, are you going to just kick him aside?"

His words immediately silenced the entire conference room.

"I'm probably more familiar with and knowledgeable about the tactics of companies like Xiao Rizi or those in Europe and America than you are!"

“I have a son named Wu Aidang, who was involved in the Vitamin C commercial dispute that broke out in Hong Kong a few years ago!”

Upon hearing this, the expressions of everyone present changed slightly.

The business war over vitamin C tablets that took place a few years ago was something that most of the executives present had heard of; it was said to have been quite fierce.

The matter is very simple: a new process for making vitamin C tablets has been developed domestically.

Not only did the cost drop significantly, but the output also increased considerably.

It can be said that this new technology is a rare boon for ordinary people in Europe and America.

Due to dietary habits and living costs, foreigners almost always use vitamin C tablets as a daily nutritional supplement, resulting in extremely high consumption.

It's said that people buy thousands of pieces at a time, which is quite outrageous.

The profits from vitamin C tablets are firmly monopolized by a few major international pharmaceutical giants, who rake in billions of dollars every year.

In a normal timeline, domestic research and development achievements are bought by international pharmaceutical giants for less than ten million dollars and then shelved.

Fortunately, the domestic situation was unaffected, otherwise it would have been a huge joke.

In today's world, South China will certainly not miss this opportunity.

They acquired the new technology for vitamin C tablets early on and then sold them through connections in Hong Kong and Da Mao.

On the Russian side, those international pharmaceutical giants have no way to deal with it.

On Hong Kong Island, however, a fierce battle broke out.

Those international pharmaceutical giants tried to use various means to block South China from selling finished vitamin C tablets on Hong Kong Island.

What a joke! Of course, Nanhua will not agree to this!

As representative commercial bases, South China Company and several pharmaceutical giants frequently clashed on Hong Kong Island.

Various overt and covert methods were employed, and in the end, even gunfire was used, before an agreement was barely reached under the coordination of the Hong Kong British government.

South China agreed not to sell the new manufacturing process for vitamin C tablets to any third party, and not to sell them outside of Hong Kong Island.

Of course, we'll skip the part about Russia.

International pharmaceutical giants monopolized the production of vitamin C tablets from Nan Hua, generating annual profits of around 300 million dollars.

Because the main market for vitamin C tablets is in Europe and America, Nanhua was unhappy but had no choice but to accept it.

This business battle has caused a huge uproar in the Hong Kong business community!

This is the first time that a Chinese company has fought a major battle with a top European and American conglomerate, and yet managed to emerge unscathed and even gain some benefits.

Despite the arrogance of Hong Kong's top Chinese tycoons, no one really knows how many of their core assets are actually owned by British foreigners.

Those most affected are naturally the relevant people in China.

They watched helplessly as Nanhua Group, through its patented new process for Vitamin C, reaped an astonishing annual profit of 300 million dollars.

To avoid trouble, Nanhua spent a whopping 30 million dollars when it purchased the patent for the new process.

This price is four times the price quoted by foreign pharmaceutical giants!
Even if they realize what's happening afterward, there's nothing the domestic authorities can do. Through Nanhua's channels, related domestic pharmaceutical companies can earn several million dollars annually.

If it were a foreign pharmaceutical giant, they wouldn't have any chance of gaining an advantage.

Wu Ai-dang was in Hong Kong at the time and was quite familiar with the ins and outs of this business war. He also gave his father, Wu Zhi, a copy in the form of a document.

Similarly, Wu Zhi became quite familiar with this business battle through detailed documents and materials.

Bringing this up now carries considerable weight.

"As for daily life..."

One of the business officials attending the meeting hesitated before saying, "I think they seem quite sincere!"

"This matter is actually very simple!"

Seeing the leader presiding over the meeting turn his gaze over again, Wu Zhi, though displeased, still said in a deep voice, "The reason they are so enthusiastic is because they have their eyes on Gulou Factory's numerous motorcycle design patents, as well as various international patents related to bicycles, right?"

Seeing the disdain on someone's face, he said irritably, "Do you really think our company is a charity?"

"If there weren't enough benefits and advantages, would they be so eager to throw money at us?"

"The solution is simple: Gulou Factory will contribute its patented technology as equity, and Xiao Rizi will invest its money to establish a joint venture that specializes in producing export-oriented motorcycles and bicycles!"

"We can even relinquish control of the joint venture and its name, but there's one thing we must guarantee: sales must reach a certain figure. If we fail to meet the sales requirement, we will be responsible for compensation!"

A loud gasp of surprise came from inside the conference room.

Ruthless! Really ruthless!

However, most of the attendees were in a pretty good mood; who wouldn't be happy to get a good deal out of their daily life?
"Isn't this request a bit too much?"

The business administration official hesitated before speaking, "They've come with good intentions..."

"What kind of bullshit sincerity is this?"

Wu Zhi was truly unyielding this time, glaring angrily and saying, "The Gulou Factory is doing very well right now, with foreign exchange and capital at its disposal, and its sales are increasing every year. Why should we, the small business owners, be allowed to interfere and share the profits?"

"Surely, if they invested in Gulou Factory, they couldn't bring it tremendous benefits, right?"

"Then, what is the purpose of involving them?"

"Does it sound appealing, or is it just for the so-called departmental interests?"

All the attendees were stunned.

Damn, Wu Zhi is going all out right up there! If this accusation sticks, the business system is in deep trouble.

"Let's adjourn the meeting here for today!"

At this moment, the leader presiding over the meeting hurriedly spoke up: "If there's anything, just talk to me privately. Meeting adjourned!"

As he spoke, he waved to Wu Zhi, then hurriedly left the conference room, as if something was chasing him from behind.

Wu Zhi got up, packed his notebook and thermos, and then left leisurely amidst the angry stares of the business system attendees.

Even from a great distance, you could faintly hear the noise and commotion coming from the conference room.

He didn't care about any of that. As long as he didn't cause any problems, no one could do anything to him.

This incident really angered him; otherwise, he wouldn't have reacted so strongly. Do you really think he has no temper?

(End of this chapter)