On September 11th, Chen Zhiwen received a notice from Zeng Ziqian that he agreed to build a new factory in a joint venture, and Chen Zhiwen also arranged a legal and commercial department to negotiate the details of cooperation, which is only a small investment in his trading company, and so on in the future, Costco will develop, plus if it enters the supply system of Wal-Mart, Auchan, Carrefour and other supermarkets, then there will be more layout in this area, or direct investment in potential suppliers, or joint ventures, or wholly-owned factories in the mainland in the future, etc.

Because the initial amount of investment was not large, after three days of discussion, Chen Zhiwen and Zeng Ziqian established a joint venture company with a ratio of 75%/25%, named Jinhe Garment Co., Ltd., which came from Galaxy and Jinlilai respectively.

The reason why the proportion is different from what was said before is also because Zeng Ziqian asked Chen Zhiwen to guarantee that he had a certain number of orders in order to be safe, otherwise, he would lose the only source of orders at present, and the cost of the new company would not be comparable to that of his peers in Hong Kong. And Chen Zhiwen will naturally not be polite, if you want to be safe, I will have greater interests.

The investment of hundreds of thousands of Hong Kong dollars, in fact, is just a joke, mainly because of Zeng Ziqian's personal management ability, you know, Zeng Ziqian entered the Hong Kong garment industry late, can only choose the partial tie as the opening mouth, and finally lived to a few decades later, if he is given enough support now, then his achievements will be higher, especially to be able to enter the larger market of traditional clothing.

Even if it can't succeed, it's nothing, garment manufacturing is the lowest end of the entire industrial chain, no matter how big it is, it may not be able to make much profit, even if Jinhe fails, it can also cultivate a lot of talents in this area, and these talents may be of great use in the mainland in a few years.

For Zeng Ziqian, in fact, there is no loss, and the investment is not very much, and how much energy will be invested in the future must depend on how many orders Chen Zhiwen can bring, if it really develops, Zeng Ziqian can also make a lot of money, and even get a high social status, after all, this kind of small industry, it is not interesting for Chen Zhiwen to compete with him for management rights, otherwise there is no need to make a joint venture with himself.

It's just that there are too many varieties in the supermarket, and Jinhe clothing can only be produced slowly from less to more, and the entrance of choice is the socks, jeans, short sleeves, etc., which are the most demanded in the United States, all of which are cheap commodities, and they are completely quantity.

According to the estimates of professionals, even if the profits of trading companies and shipping profits are counted, the cost of goods in Hong Kong is still 20% lower than the average in the United States, especially for goods that require a large number of employees, and the more manpower is required, the more the gap between the prices in the United States and the United States.

In this way, even Fedmart, which once lost money, was able to barely maintain its capital or even make a slight profit.

In fact, European and American supermarkets have begun to purchase goods from Asia, but because of the local relationship chain, international cooperation trust, information communication costs and other issues, resulting in a very slow speed, and now, fedmart and the future Costco have taken this step first, which can be regarded as a certain comparative advantage.

In the next few days, under the leadership of professional managers, various companies are operating in accordance with the development and R&D direction required by Chen Zhiwen, Chen Zhiwen also spares no money, recruits when it should be recruited, spends money when it should be spent, and buys equipment when it should be bought, Midea is currently losing money every month, but as long as the product can be upgraded and optimized, it is enough.

In terms of Red Bull, after deducting the endorsement fees spent before, the American market also began to make a profit, but Chen Zhiwen still continued to spend money, hired American sports superstars to shoot advertisements, and subsequently sent advertisements to several TV stations in the United States to advertise, and also sponsored some sports activities.

Qin Zhihao directly ordered 3 state-of-the-art assembly lines in Germany, and also dug two German engineers to Hong Kong for residency, the money is in place, how can there be a corner that can't be dug up, besides, it's almost 2000 US dollars a month a person, this salary is very good in Hong Kong, but compared to Red Bull's profits, it is not worth mentioning at all.

In terms of real estate, Chen Zhiwen is still using leverage, some of which may not meet the rules of the industry, but everyone is actually very clear that as long as there is no problem, they will naturally turn a blind eye, and others dare not play like this because they are too big to play in case they lose their fortune, Chen Zhiwen knows the future, and naturally dares to bet with all his might, and the investment company opened in Central, after getting a good return, he bought a property on another street, and then opened a branch of the investment company to attract funds.

In terms of finance, the layout in Hong Kong is currently only in the acquisition of Wharf shares, recently Wharf has come to a share increase financing, Chen Zhiwen basically received all the orders, did not cause market fluctuations, in fact, before the opening of Harbour City, many real estate people are not optimistic about this project, thinking that such a large shopping mall, and not in Central, business can not be very good, so there are many people who are optimistic about Wharf, which is why in 1978 in the later generations, Li Jiacheng was able to sneak attack Wharf at a low price One of the reasons, and Wharf in 73, Most of the several financings in 74 years were also absorbed by Chen Zhiwen.

Up to now, Chen Zhiwen has 15.7% of Wharf shares, unlike Li Jiacheng and Bao Yugang, Chen Zhiwen is more willing to sneak attack Wharf for a long time, and wait until it is enough to lift the cards before making a move.

One is because he has more time, according to the original history, before 1977, Wharf's stocks were very sluggish, and he was not in a hurry at all, the later the acquisition, the more the gold-absorbing artifact of Harbour City would be completed, and it would be better to leave these funds and construction problems to the people of Jardine Matheson.

The second is, if you start quickly now or the news is revealed, then it will inevitably cause Jardine to fight back, you know, although affected by the Hong Kong and international crisis, but Jardine's heritage is still very strong, although the loss is serious but there is still a lot of money in hand, at this time and Jardine is the most unwilling Chen Zhiwen, and if you wait for another two years, Jardine's overseas projects will continue to bleed to the Hong Kong head office, and then the acquisition will be much easier.

After all, in the original history, when Li Jiacheng intended to acquire Wharf, Jardine Matheson was unwilling to go head-to-head with Cheung Kong Industrial, which had a market value of only 500 million to 600 million Hong Kong dollars, but entrusted HSBC to reconcile, which is enough to show that Jardine Matheson at that time was already suffering from internal and external troubles, and his body was big and his kidney was deficient.

The third is that even if the final acquisition war really breaks out, then in a few years, they will have more funds, and some of the projects that are now laid out will be able to get a return on funds by then.

At present, the development of the four major businesses is basically in line with Chen Zhiwen's requirements, two industries plus real estate and finance, the first two are the pillars of future business, the latter two can provide huge funds for industrial projects for a long time, plus a supermarket for overseas development, to provide a certain market and market entry certificate for industrial projects, and at the same time it can also obtain a lot of benefits.

"Mr. Chen, I received a call from the United States last night." Just one morning after work, the little secretary Angel reported: "An American named Chaikens, he said that he is Warren Buffett's subordinate, and he is going to come to Hong Kong and want to meet you. ”