Chapter 696 (Final)

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Although the Asian financial crisis in '97 had a considerable impact on Hong Kong, its severity was far less severe than that of another time and space, and on the contrary, it helped Hong Kong's economy quickly curb the overheating momentum brought about by the hype of the return to the motherland.

After the new SAR government came to power, Hong Kong's economy relied on the large-scale government infrastructure developed in the New Territories, which temporarily made up for the industrial hollowing out crisis caused by the ebb of the electronics industry, so that Hong Kong's originally large industrial employment population had sufficient buffer time to gradually shift to the service industry and other fields.

After the electronics industry began to go north one after another due to cost problems, Hong Kong's economy has also accelerated the pace of a new round of upgrading and transformation. In addition to the rapid growth of the financial industry, service industry and import and export trade, the biggest highlight is the rise of the Internet industry.

Since the 80s, Hong Kong's Internet development has been in a leading position in the world under the full promotion of Li Xuan. The proportion of Hong Kong's Internet users has also ranked first in the world for more than ten consecutive years.

Therefore, when the Internet wave began to sweep the global market in the 90s, Hong Kong became a hot spot for entrepreneurship on a par with Silicon Valley, and a large number of world-renowned unicorn companies were born here.

For example, the world's largest search engine company, Quora, accounts for more than 90% of the global search engine market. There is also the world's largest social software service company, ICQ, which was first used by Oriental Group R&D personnel for internal online communication, and quickly became popular around the world after being commercialized. and the world's largest online cross-border business procurement platform - Global Trade Network, an online B2B website controlled by Orient Commercial and established by its global marketing network, with a total of more than 7 million suppliers and buyers from more than 100 countries around the world. Its annual transaction volume and market share far exceed Alibaba, which focuses on C2C (Taobao) in another time and space.

If these companies are still more or less connected with Li Xuan's hanging, then other companies are huge surprises that Li Xuan did not expect.

For example, a group of Hong Kong university students who like to travel on a budget founded a travel diary sharing community called "Departure" in 1990. Ten years later, what started as an unremarkable website has grown into the world's largest online travel service platform.

There are also two headhunting consultants who work in a headhunting company in Hong Kong, who also resigned to start a business by taking advantage of the Internet wave. In just six years, they have grown their company into the world's largest job search network.

In 2005, Hong Kong's Hong Kong Economic Journal conducted a wealth survey, and more than 100 Internet upstarts in Hong Kong with assets of more than one billion yuan have become an emerging force that can compete with the traditional rich.

More and more new wealth heroes continue to emerge, but Li Xuan, the famous "God of Wealth Li", has begun to be more and more low-key. If it weren't for the annual Forbes rich list, which deservedly put him at the top of the list, many people would have forgotten that he was the richest man in the world.

As early as 2000, Li Xuan announced his official retirement and completely resigned from all positions in the Eastern Group. This news once caused a global sensation, you must know that Li Xuan in 2000 was only forty years old, and most people have just started their businesses at this age.

And Li Xuan not only chose to retire himself, but also kicked off the first round of large-scale power transfer since the establishment of the Eastern Group. The veterans who started the business with him at the beginning also began to retreat into the background, giving the stage of performance to the newly rising juniors.

Li Xuan's original secretary, Ke Lilun, finally took the position of chairman after nearly 20 years of training in the Oriental Group and became the new leader of the Oriental Group.

Although the leadership of the Eastern Bloc has undergone a major change, the transfer of power within the company has actually been very smooth, and there has been no turmoil. In fact, as early as two or three years before Li Xuan announced his retirement, he began to gradually focus most of his energy outside the company's affairs. Many of the Group's important decisions have actually begun to be made by the transfer of the Chairman of Oriental Group China to the headquarters as Deputy Director Clarion Co.

After getting on the horse and giving him another ride, Li Xuan could finally officially announce his retirement. Of course, he can't really ignore the huge Eastern Bloc, but he can retire with much less trouble.

For example, in the 2000 US presidential election, which was in full swing, the candidates of both the Republican and Democratic parties, Al Gore and George W. Bush, had close relations with him. He just used the excuse of retirement to avoid these political distractions.

Al Gore was originally the most supportive star politician in the United States for the development of the Internet, and Bush Jr. also had close relations with many American entrepreneurs in the high-tech field because of Li Xuan's connections. The battle between the two in Silicon Valley was fierce, and the Eastern Bloc was inevitably drawn into it.

If Li Xuan hadn't retired, he would definitely become the focus of contention between the two, and no matter which side he supported, he would offend the other! But it was different when he retired early, and he was no longer a public figure, so he naturally had a good reason to avoid the spotlight. Therefore, in the name of the Oceanpower Foundation, he went to remote and backward areas in China for half a year, and waited until the dust settled in the US election before returning to Hong Kong.

George W. Bush was elected governor of Texas in 1990 and was re-elected governor in 1994. But instead of seeking a third term as governor or running for Congress, his second term in 1998 began, but began preparing for the presidential election two years ahead of schedule.

With his outstanding performance during his eight-year tenure as governor of Texas and the vast political legacy of his father, George H.W. Bush, almost no one in the Republican Party has come forward to challenge George W. Bush's presidential candidacy. And the highly united Republican Party also succeeded in regaining the presidency under his leadership. George W. Bush's victory over Al Gore this time was much more convincing than a controversial victory in another time and space.

Bush Jr. was able to come to power, which was naturally the best choice for Li Xuan. With Bush Jr.'s close relationship with the Eastern Bloc alone, the company will certainly be able to develop with peace of mind during his tenure.

And the Bush family is worthy of being associated with war, first the Afghan War, and then the Second Gulf War. In his short first four-year term as president, George W. Bush was even crazier than his father, unleashing two large-scale wars in one fell swoop.

These two wars have constantly involved the vast majority of the United States' energy and seriously damaged the national strength of the United States. China, on the other hand, took advantage of the opportunity for the United States to seek its own (not to mess with it behind its back) and began to accelerate its development.

In the semiconductor industry, for example, Dongfang Semiconductor received approval from the U.S. government in 2002 to build a new semiconductor factory in China using a 0.15-micron process. The technology of China's semiconductor industry, after decades of catching up, has finally begun to really approach the world's advanced level!

In the eight years since George W. Bush was president, Dongfang Semiconductor quickly built five wafer fabs in China with three processes: 0.15 microns, 0.13 microns and 90 nanometers, and 25% of its production capacity was quickly transferred to factories in Chinese mainland for production.

Of course, no matter how advanced the technology is, it will still become outdated after a long time, which is especially prominent in the semiconductor industry, which is rapidly changing. The greatest contribution of the Oriental Group to China's high-tech industry is not only to bring advanced technology, but also to cultivate a large number of high-end R&D talents who have personally participated in the development of the most cutting-edge technology.

According to the internal statistics of the Oriental Group, in the 20 years from 1985 to 2005 alone, the total number of R&D personnel recruited by the Oriental Group from the mainland exceeded 250,000. Taking chip development as an example, more than two-thirds of the core technical personnel of various domestic companies have worked in the Eastern Group.

Oriental Group can be described as China's largest Whampoa Military Academy in many high-tech industries such as semiconductors, computers, software, and the Internet!