Starting with a beautiful woman's private doctor

Xia Wantang had already spotted Chu Nan.

Ignoring Xue Beichen's sarcasm, she walked directly to Chu Nan's side.

He stroked and examined Chu Nan's body, asking, "Are you alright?"

Before Chu Nan could speak, Xue Beichen said, "It's interesting that you still have the mind to care about others after being sold out."

Xia Wantang frowned slightly. "What do you mean?"

"Mr. Chu has already sold the secret formula to me."

Xue Beichen laughed loudly, "Xia Wantang, you are very clever, but in the face of human nature, cleverness is meaningless!"

He waved to Chu Nan, "It's a pleasure doing business with you, Mr. Chu."

After saying that, he laughed loudly and walked out of the private room.

Xia Wantang looked dejectedly at Chu Nan, somewhat incredulous. "You... sold the secret formula to him?"

There was no questioning or disappointment in his tone, but rather an inability to accept it.

Chu Nan felt a little guilty under that gaze, but since Xue Beichen hadn't completely left the private room, he didn't say anything.

Seeing that he remained silent, Xia Wantang thought it was all true. "Selling it to him was the right thing to do, after all, I am not as wealthy as the Xue family."

Xue Beichen, who had deliberately slowed down to watch Xia Wantang tear Chu Nan apart, clicked his tongue in disappointment.

"Xia Wantang, I'll be waiting for you to contact me anytime. Goodbye."

He then quickened his pace and disappeared completely from the private room.

The atmosphere was unusually heavy. Xia Wantang had never expected that Xue Beichen kidnapped Chu Nan not for revenge, but for the secret formula.

She was still arguing with Jiang Yingxue, saying that the other party would only cause trouble for Chu Nan.

Unexpectedly, he also caused trouble for Chu Nan.

Upon receiving the message, she rushed here immediately.

But unexpectedly, the final result was like this.

Chu Nan felt a little uncomfortable under Xia Wantang's resentful gaze. "Sister Tang, don't look at me like that. It makes me feel really embarrassed."

Xia Wantang said irritably, "What, you sold the secret formula, and I can't even vent my frustration with my eyes?"

Her feelings were complicated; she was relieved that Chu Nan was alright, and she felt some regret, but no hatred.

As a seasoned veteran who has been in the business world for so many years.

She could completely understand the choices Chu Nan made in the face of self-interest.

The only reason he regretted it was that he hadn't prepared a contract and signed it with Chu Nan immediately, thus allowing Xue Beichen to take advantage of the situation.

"I did sell the secret formula, but it wasn't the one I sold to you."

Upon hearing Chu Nan's words, Xia Wantang's eyes lit up immediately. "You mean..."

"That's right, you guessed it. I sold Xue Beichen a secret formula, but it's not the formula for the Skin-Nourishing Powder."

Chu Nan smiled and said, "Xue Beichen asked me to come here to discuss the secret formula, but the way he acted clearly indicated that he had some information gaps."

"For example, he only knows that it's a 30/70 split, but he doesn't know that it's 30 for you and 70 for me. From this, I deduce that he most likely doesn't know what the secret formula for our cooperation is either."

"So, in the end, I wrote down a secret recipe for a wound medicine for him and then signed the contract."

After understanding everything, Xia Wantang gently patted Chu Nan, "Little brother Chu, you're so naughty~"

"How can you say I'm bad?"

Chu Nan said in a serious tone, "I didn't originally intend to rip him off, but he asked for ten million right away. When I disagreed, he offered more money, and when it reached twenty million, I was tempted."

"Who knew he'd actually raise the price to fifty million in one go? He's so sincere, of course I have to oblige!"

"You traded a healing medicine recipe for fifty million?!"

Even Xia Wantang was somewhat shocked this time.

"My medicine isn't just any ordinary wound medicine; in terms of effectiveness, it's almost as good as the 'Miracle Pill'."

Xia Wantang sighed after hearing this, "He really got off easy."

"It can't be considered giving him a free pass. I don't know much about other industries, but he wants to take the path of developing new traditional Chinese medicine drugs, and it will be at least five years before they are launched on the market."

Chu Nan paused for a moment, then continued, "As for medicine for injuries, there is already the behemoth that is the Nanzhao Hundred Treasures Pill."

"For a local enterprise like his to get involved is undoubtedly like snatching food from a tiger's mouth, and who can predict the market five years from now?"

Xia Wantang was overjoyed, "You said you weren't bad? You're practically trying to ruin that bastard surnamed Xue!"

"No way, at most I just made him earn less than expected, it's definitely not like I'm ripping him off."

Faced with Chu Nan's doubts, Xia Wantang knew that although her little darling had a certain understanding of the market, it was still at a very superficial level.

"Your deduction is correct. Even if it is a wound medicine of the same level, it is not very meaningful in front of the giant Nanzhao Baibao Dan."

"But the most important point you didn't mention is that Nanzhao Baibaodan only made its fortune with this one product, not with this product to reach its current scale of hundreds of billions."

"It's because in the core field of pain relief and bone injury treatment, there are two other established brands competing with us."

"So they have been transforming, for example, with their second blockbuster product, such as band-aids and other external hemostatic products."

"But they are not a monopoly either; they have been competing with Xingbang Qiangdi for market share."

"After that, we developed a line of oral care ointments, which brought us even more competitors, including the tonic oral liquid project that we have been focusing on in recent years."

"Even industry leaders like Nanzhao Baibaodan have to develop various new businesses to stabilize and increase their market value, which is enough to show how saturated the wound medicine industry has become."

"As far as I know, the price-to-earnings ratio of the core pharmaceutical industry is between 15% and 25%, accounting for about one-tenth or more of the total market capitalization."

"Xue Beichen entered the market with 50 million yuan, five years, and over 100 million yuan in funding, ready to fight in an already saturated market worth tens of billions of yuan."

"In the end, forget about making money; just breaking even and slowly recovering your losses over time would be good enough!"

After listening to Xia Wantang's analysis, Chu Nan was stunned.

Yes, not only did Xue Beichen make a mistake, but he himself also made a mistake.

The reason why Nanzhao Baibaodan has a market value of hundreds of billions is not just because of the market for wound medicine, but because of the total market value accumulated by various other businesses.

According to Xia Wantang, this directly reduced the competition from a market worth hundreds of billions to a market worth tens of billions, a reduction of tenfold.

If we can still get 10% of the food by the time Xue Beichen enters, that would be a good result.

All of this will take five years and cost over 100 million yuan.

Well, I did think I'd make a fortune while ripping off Xue Beichen, but I never expected it to be this bad.

Given this guy's personality, after learning the truth, he'll probably try to kill me, right?