Chapter 330: Development

I talked a lot with Bush Jr., especially on how to develop the IT industry, and unexpectedly learned that Bush Sr. was going to Silicon Valley next month to investigate, and Su Mu guessed whether Lily's godfather wanted to use the IT industry as a breakthrough and turn it into a credit for his attempt to be re-elected.

If that's the case, that's certainly a good thing.

Su Mu focused on tax cuts and reducing the cost of corporate mergers, and also wanted to ask the government to help formulate detailed industry rules, such as a more detailed cybercrime bill, so as to promote the healthy development of the entire industry.

In fact, he also knows that it is difficult to rely on the IT industry to drive economic development in the short term, and the prospects are very good, but after all, the market size is only so large, and it is difficult to make leaps and bounds in three or five years.

It has been more than ten years since the first personal computer was developed, and it takes a process from quantitative change accumulation to qualitative change.

Taxes will be reduced, investors' enthusiasm will also increase, and it takes a lot of real money to engage in research and development, and today I have the opportunity to convey my own demands, or the demands of the entire industry, to the ears of President Bush Sr. through Mr. Bush Jr., and he did not miss this opportunity.

Mr. Bush Jr. was serious in his work, and he responded to the phrase "tiger father has no dog", even though Su Mu was much younger than him, he still listened very carefully, and even wrote down some key information, which made Su Mu a little embarrassed......

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After only one day in Washington, D.C., he returned to Silicon Valley that night, and the first thing he did when he got home in the middle of the night was to see his son, who was sleeping soundly and snoring slightly.

I thought I would go out and stay for a few more days, but suddenly I thought about this little guy, so I came back, and I felt inexplicably relieved when I saw it.

In the following days, Su Mu mostly stayed in Silicon Valley, and in early July, Bush Sr. really came to Silicon Valley to investigate, and Su Mu accompanied him throughout the whole process, because of Lily, the current president also came to Su Mu's house for a meal.

Bush Sr. promised to submit a bill to reduce taxes for the IT industry, and also agreed to implement a tax reduction plan for enterprise acquisitions and mergers, the global economy was in a recession throughout the eighties, and a large number of companies were dying, and the industry that would carry out tax cuts for corporate equity transactions was not only the IT industry.

The little guy surnamed Su Minglin grew up day by day, still the same chubby and cute appearance, the little milk teeth grew out, when he stopped breastfeeding, he began to eat rice noodles, white porridge and the like, and occasionally ate some thornless sea fish and vegetables, and the appearance became more and more pleasing.

After Latvia's declaration of independence in May, the Russian Federation also issued a declaration of independence in June, Iraq invaded Kuwait in August, East Germany and West Germany merged in October, and the Berlin Wall was torn down.

In November, Northern California began to cool down, on November 26, Penguin's share price successfully exceeded 20 US dollars, and the market value doubled in half a year, even Su Mu felt incredible, the main reason for this phenomenon was that the sales of personal computers rose sharply, and Penguin also began to exert force in the international market.

Bee went public, and now the market value is as high as more than 610 million US dollars, and the OO browser, which was just listed in November, occupies more than 96% of the market share of the entire browser market with 2.4 million users, and the stock price exceeded 1.3 billion US dollars on the day of listing, and the recent rise is very fast.

The stock price is so high that the bubble must exist, but Su Mu can't let investors not buy, worry a few days later, and go with them, the industry in the United States has professional managers to help take care of, Su Mu has been to China twice in the past few months, and the scope of activities is mainly concentrated in Shanghai, Hangzhou and Pengcheng.

Of the 2 billion yuan of liquidity exchanged in the first half of the year, there are now only more than 500 million left, and Su Mu spent a full 290 million US dollars on the loan from Penguin's shares.

In exchange for a daily necessities manufacturing plant, mainly producing toothpaste, soap, shower gel, shampoo, disposable tissues and other goods, it is completely a combination of many small enterprises to form a copy of the American Procter & Gamble Group, Su Mu Bang company thought of a brand, the name is "3M", the first batch of products can be put into the market early next year, has been building sales channels, the use of agents to join the model.

In exchange for the shares of state-owned enterprises such as Moutai, Wuliangye, and Qingdao Beer Company, they only bought 50 percent, but they got the right to speak in the company, and with the official permission, they carried out a drastic restructuring and changed the nature of the state-owned enterprises to Sino-foreign joint ventures.

In addition, it also includes a home appliance manufacturer that uses the technology and equipment of several companies to merge, and the brand is designated as "eternity", the reason why they are all in English is mainly due to the fact that during the market research, it was found that foreign products are far more popular than domestic products, and in the eyes of consumers, it is a guarantee of quality and grade.

Not to mention, when I learned that it was an American company that opened a factory, an investment was hundreds of millions, and the agents were crazy, and when bidding for the agency, Su Mu saw a provincial general agency right for 3M daily necessities with a starting price of 2 million yuan, and the auction price was 14 million!

These companies were integrated under the supervision of Su Mu, and went to Huaxia to build factories to prepare for production, and those liquor brands after financing to obtain equity were also being restructured drastically, in order to shoot the Spring Festival Gala gold advertising file, Su Mu smashed more than 80 million yuan, ready to promote the two brands of Moutai and Wuliangye, rich is wealthy, in the past, these state-owned enterprises, where did they have money to advertise.

The business in Huaxia is generally smooth for the time being, Su Mu does not know how many procedures need to be solved for the Chinese people to do business on their own, anyway, he has not been troubled, and everywhere he is dressed in the name of "patriotic overseas Chinese", all the way to the green light, in order to attract investment, it is easy to discuss.

The two companies hired more than 8,000 workers in the early days, the factories were located in Hangzhou and Pudong, and now they are training employees, and the general manager of Jiuzhou is named Zhou Wei, a native of China, who has studied in the United States for six years.

Zhou Wei was previously the president of General Motors in Greater China, and he somehow received a high-paying interview notice, and was attracted by the high salary to apply, and somehow became the general manager......