1990My Entertainment System

Chapter 87 No matter what sins you committed in your previous life...

On August 8, our delegation participated in the Barcelona Olympics and eventually won 9 gold medals, ranking fourth.

In this year's Olympic gymnastics event, an underdog substitute athlete, Lu Li, was called upon to take over due to an injury to a key member, and unexpectedly scored six perfect scores in the women's uneven bars event!

Unfortunately, she retired at the age of 18 due to hepatitis and later married and moved to the United States.

On the same day, Xia Tian said goodbye to the reluctant sisters Yun and the other two, and boarded the plane to Shanghai with Brother Yong and bodyguard Xiao Chen.

When I met Yu Beibei in Shanghai, it was almost evening. Yu Beibei invited Xia Tian to eat the local cuisine.

"Oh~ Mr. Yu, you can tell he's doing very well here. He even drives a Mercedes-Benz!" Xia Tian joked.

"It's okay, but I can't compare to you. Didn't they say your Wei Xi Di has already sold 80 million in sales? And it's only been a few months?"

Xia Tian nodded. "That one sold really well, and I found another profitable business. I felt that I couldn't keep it all in Pengcheng, so I came to Shanghai. I hope my friends in Shanghai can help me."

"Wow! You really are the God of Wealth! Why didn't you tell me earlier? I would have called them all over!"

The next day, Xia Tian met up with his friends in Shanghai. There were about 30 to 40 of them, and they were all busy. You could tell they were making a lot of money.
Except for a dozen old friends who came from Yanjing, the rest were friends I met locally.

The locals of Shanghai are all very good at business and very shrewd.

Xia Tian told them about things like Walkmans.

Xia Tian: "Don't think that this thing is not as expensive as Weixidi, but it sells in large quantities, so we can make a small profit but quick turnover. Besides, Weixidi won't be sold for many years. Japan is researching more advanced technology, and by then it will be squeezed out of the market..."

In fact, those people under DVD Xia Tian were also doing research, and they had also formed a brand to join Sony's joint research and development...

No matter whether the Walkman can compare with Weixidi, at least the Walkman factory is built in Shanghai, unlike Weixidi’s factory in Shenzhen. This is just one of the three major distribution centers.

These thirty or forty friends are people who have resources, connections and pathways here.

As for the shares - Bai Ze Venture Capital from Hong Kong contributed part of the money and held 40% of the shares; Xia Tian contributed part of the money and held 20% of the shares; the rest of the people contributed money and held 40% of the shares, and the company was established.

The company's name is "Modu Entrepreneurship" and the brand of the walkman is called "Lu Shu", which is a mythical beast in "Classic of Mountains and Seas: Nanshan Jing".

It lives in Zhuyang Mountain. It looks like a horse, with a white head, tiger stripes on its body, and a red tail. When it calls, it sounds like people singing. Wearing its fur can help reproduce offspring.

In fact, the world has already had “walkman”.

——It was not until 1962 that Philips invented the "cassette tape" that later became well-known, and simultaneously launched the first recorder.

But somehow, Sony managed to convince Philips to give up the idea of ​​just sitting back and collecting patent fees.

Philips eventually licensed the cassette tapes for free.

This format, with its compact structure, reasonable recording length and not-too-bad sound quality, became the recording cassette we are familiar with today.

In 79, the world's first personal portable tape player was born by Sony.

Sony launched the TPS-L2, the first generation Walkman.
More than ten years have passed.

……

Because the design drawings and production flow charts are ready-made, all you need to do is purchase most of the parts and set up the factory assembly line.

Because it is a joint venture with Hong Kong capital, it has many convenient local facilities.
Leave these to professionals, as long as you have money and connections, the production line is simple~
For now, we have decided on two products, one with a plastic shell and one with an aluminum alloy shell.

The prices are between 299 yuan and 699 yuan!
——This is already very cheap. At that time, those Walkmans made in Japan were all over one thousand yuan!

This summer, Chinese people are using cheap portable players. Although most families are unlikely to buy this...

In the summer, I planned to build a main factory in Shanghai, and three branch factories in Guangzhou, Lin'an, and Tianjin, specializing in the production of accessories like cassette tapes and headphones. I've already thought of the factory names: Luban No. 1, No. 2, No. 3, and No. 4.
The sales area covers Northeast China, Tianjin, Beijing, Hebei, central provinces in the southeast coastal areas, several southern provinces and Hong Kong and Macao.

……

I'm still setting up a factory here with my friends in Shanghai in the summer. The Walkman is much simpler than the Vixidi, but it's also easy to be imitated and copied, so we need to work hard on publicity and branding.

Then a "big thing" happened!
This matter has become very popular in Shanghai.

August 8, Pengcheng 10 Incident!

After the Southern Tour Speech, small and medium-sized investors began to become enthusiastic about and have high expectations for the stock market.

Buying stocks could make money, which became the consensus among the citizens of Shanghai at that time.

In the Shanghai securities market, there was a rare phenomenon of unlimited limit-up and nationwide stock speculation.

In the more than one year after the establishment of the Shanghai Stock Exchange, the "old eight stocks" were the only ones playing a solo role, and due to the shortage of stocks, a situation of too many people and too little stock was formed, so market expansion became a top priority.

But now everyone thinks buying in is a win – it’s so popular that people line up two days in advance. There was even a near-fatal chaos during the IPO!
The above people were thinking, how to limit it?

Therefore, in January this year, a new stock issuance method was introduced: stock subscription certificates - purchased with an ID card, 1 yuan each.

Whether you can buy stocks depends on whether you win the subscription certificate. Only if you win can you buy new shares.

This measure was originally intended to calm market sentiment, but it actually caused even greater speculation. The new shares hadn't even been listed yet, but the price of the stock subscription certificates had quickly skyrocketed.
In August this year, after Pengcheng officially announced the sale of new share subscription certificates, investors from all over the country flocked in like a tide!
Subscription certificates must be purchased with an ID card, and some people even came to Shenzhen carrying a seven-kilogram package of ID cards.

According to estimates by relevant departments at the time, approximately 320 million resident ID cards were flown to Shenzhen. A city of 60 people saw a surge in one million investors.
But everyone knows that this thing can make money. Some outlets have been caught cheating by buying forms through backdoors...

Those who came from all over the country to speculate would not leave even in the heavy rain. Men and women would hug each other day and night to avoid being cut in line or being separated from the team.

(In order to avoid being squeezed out or cut in line, they hug each other like a toad or a human centipede~)

As a result, many people queued for nearly two days, but in less than an hour, the sales point announced that the "subscription forms" were sold out?

Wouldn't that blow up the camp?
Angry people believe that there must be something fishy going on.

So... (deleted)
Two months later, the China Securities Regulatory Commission was established.

On April 93, 4, XXX issued the "Interim Regulations on the Administration of Stock Issuance and Trading".

……

On May 5 this year, the Magic Exchange decided to completely lift the price limit, which was previously 21% or 0.5%, and implement the T+o trading system. The Magic Exchange Index hit the daily limit almost every day.

On the opening day, the Magic Index rose directly from 616.99 points on the previous trading day to 1266.49 on the day, an increase of 105.27%!

It doubled directly, which is unprecedented and will never be repeated.

It directly created a myth of wealth and aroused many people's enthusiasm for the stock market.

Just four days after 521, the Magic Index reached a high of 1422 points, and then began a six-month downward channel.

If you are a stock investor who follows the surge, you will be perfectly trapped at a high position.
Then the stock market fell rapidly and panic-stricken. Five months after the plunge, on November 5, 92, the Magic Index fell back below 11 points, almost returning to its original level.

After all, Sir Newton lost everything in stock trading three hundred years ago.
Some people wanted to do something big yesterday, but they got done big today!
……

I stayed in Shanghai for more than ten days in the summer. When all the people had been settled and everything was on track, I received a call and flew to Spring City.

(End of this chapter)