93. Chapter 93 Cutting off Hu Sony and launching the Walkman

Author: I just want to write a book

Chapter 93: Cutting off Hu Sony and launching the Walkman

After acquiring Hang Seng Bank, Yu Wei finally got the pivot of his various businesses. Now he can consider opening some companies!

Then, with the impact of the next year or so on Xiangjiang, the real estate industry fell into a trough, and Xiangjiang started a large-scale immigration wave.

At that time, people in Xiangjiang sold their assets at a low price and left, and at the same time, groups of people came from the north.

Let Hang Seng Bank and Phoenix Bank handle the job of collecting bargains. Acquiring these sold assets has a natural advantage!

Afterwards, Yu Wei went to the bank to talk with Li Guowei and asked him to consider opening more branches throughout Hong Kong.

We also entrusted Hang Seng Bank to acquire various real estate properties on behalf of Phoenix Real Estate, such as office buildings, shops, land, etc.

Then, Yu Wei successively deposited Hong Kong dollars and US dollars in the storage space into his Hang Seng Bank personal account.

And when Li Guowei helped Yu Wei handle this and checked the amount of the deposit, he was stunned.

Before the squeeze, Hang Seng Bank's total deposits were only about HK$700 million. But now Yu Wei's deposits alone exceed HK$700 million!

In addition to the 600 million deposited the next day after the last acquisition was completed, more than 800 million Hong Kong dollars were deposited.

This nearly 1.5 billion Hong Kong dollars was exchanged by Yu Wei for 100 million pounds one after another. The current fixed exchange rate between the pound and the Hong Kong dollar in Hong Kong is 1:16.

Another 100 million pounds received at UBS was fully converted into U.S. dollars in the United States.

After that, Yu Wei asked Li Guowei to help convert the US dollars into Hong Kong dollars as soon as possible. The current exchange rate between the US dollars and the Hong Kong dollars is about 1:8.

But Yu Wei knows that it will drop to 1:5 or even lower in the future. Then just exchange it back to US dollars!

After the exchange back, the Hong Kong dollar depreciated in the early 1980s, and finally had to implement a fixed exchange rate pegged to the US dollar at about 1 to 7.8! At that time, you could make a lot of small money with one operation!

Over and over again, how many more Hong Kong dollars will there be due to this exchange rate difference in just a few years?

What's more, in the next few years, Yu Wei's investment focus will still be in Xiangjiang. He has his own bank, so it will be convenient to exchange some money if necessary.

And now luggage companies and post-it note companies are also constantly harvesting US dollars from various countries.

If all 700 million U.S. dollars are exchanged, we can get 5.6 billion Hong Kong dollars. If we add this nearly 1.5 billion Hong Kong dollars, then Yu Wei's money deposited in Hang Seng Bank, minus the 100 million Yu Wei invested in Phoenix Bank, will be a total of 7 billion in cash!

After Li Guowei saw this number, he was not only shocked, but also excited.

So I became more concerned about what Wei told me about opening more branches in various places in Hong Kong. At the same time, I also helped Yu Wei handle the matter of converting US dollars into Hong Kong dollars as soon as possible.

After Yu Wei deposited all the cash in Hang Seng Bank, he was still left with more than 3,000 tons of gold collected in the American Treasury, UBS Treasury, and Asan Temple.

There are also a lot of large and small yellow croakers, antique calligraphy and paintings that I have traded with that uncle over the past few years!

Of course, those recovered from major European museums are not included!

Yu Wei simply took stock of his family fortune in order to prepare for his next few investment projects.

The next day, Yu Wei came to Phoenix Technology Company, and the reason why Yu Wei came to Phoenix Technology Company was because when he went to Courtyard No. 2 yesterday, he happened to meet Yu Haitang listening to music on a cassette tape.

Only then did I think of Sony’s Walkman more than ten years later!

The cassette tape was born the year before last, in 1963.

It is the world's first cassette tape developed by the Dutch company Philips. It is only 1/4 the size of the early Fidelity Pack loop cassette recorder and can hold 30 to 45 minutes of stereo music on each side.

Now the tape is being vigorously promoted by Philips around the world! In this way, we can just catch up with this east wind.

So, Yu Wei thought about getting out the Walkman first and hacking the Sony Walkman first.

At Phoenix Technology Company, Qiao Yue left an office for Yu Wei when the company was established.

When Yu Wei and Qiao Yue arrived together, Li Wen, the general manager of Phoenix Technology Company, immediately greeted them:

"Yusheng, Mrs. Yu, good morning! I have found someone to buy the things Mrs. Yu asked to prepare yesterday and put them in Yu Sheng's office."

"Okay! Let's go to my office first. You can go about your own business first. I will come to you if anything happens." Yu Wei said.

"Okay, Yu Sheng, Yu Tai. I'm going back to the office first. If you need anything, please call me internally!" Li Wen said.

Li Wen was Qiao Yue's senior at Xiangjiang University. After learning that Yu Wei would vigorously develop Phoenix Technology Company in the future, he took the initiative to apply for the position of general manager of Phoenix Technology Company.

He was also one of the first people to come to join Qiao Yue's business team, so he was not polite with Yu Wei and Qiao Yue. After leaving the office to greet Yu Wei and Qiao Yue, he went about his own business.

When Yu Wei arrived at his office, he saw that the coffee table was filled with various brands of radios and various music tapes on the market.

Yu Wei bought a Walkman in his previous life, dismantled the Walkman, and repaired it himself. However, this was in the 21st century in his previous life.

Yu Wei didn't know the current industrial level at this time, so he wanted to learn more about it before designing a Walkman.

In the following days, Yu Wei began to dismantle various radios and carefully studied the manufacturing processes of various radio manufacturers.

After studying for several days, Yu Wei had a rough idea of ​​the current manufacturing level. So he began to design the Walkman.

At this time, for Wei, designing a Walkman was no problem at all. The key to the problem was that you had to consider the current manufacturing level and manufacturing costs. This was Yu Wei's priority.

He drew various functions and styles of the Walkman that he had seen in his previous life. This time Yu Wei planned to build a patent fortress and applied for patents for all of them.

After making several copies of all these design drawings, Yu Wei entrusted Luo Decheng's law firm to apply for a global patent.

Yu Wei asked Qiao Yue to arrange for people to purchase the various materials he listed. He also started to make a prototype of the Walkman.

And with the good news from Luo Decheng, patent applications have been applied for in Europe, America and Japan.

Yu Wei immediately asked Li Wen to come over and show him the model of the Walkman. He also explained the various functions of the Walkman one by one.

The more Li Wen listened, the more excited he became. This was another new invention. He took the initiative to invite Ying to Phoenix Technology in order to show off his talents in this company.

As a result, Li Wen communicated with Yu Wei and took the initiative to ask Yu Wei various questions about his Walkman.

After discussion, the two decided to set up a Phoenix Electronics Factory under Phoenix Technology, which would be responsible for the production of electronic and electrical products in the future.

Phoenix Technology is responsible for R&D, marketing, etc. This already looks like the separation model of production, R&D, and marketing that was very popular in previous generations.

Li Wen quickly took action, identifying factory buildings, recruiting employees at all levels of the electronics factory, establishing Phoenix Technology's own electronic and electrical R&D room, and also recruiting Phoenix Technology's marketing team.

After Yu Wei handed over all the drawings of the Walkman that he designed to Li Wen, he delegated power to Li Wen to handle it.

And he started to be a hands-off shopkeeper again, preparing to take on the next project! The reason why Yu Wei is like a monkey taking care of corn, throwing away one project after another.

In fact, there is no other way. First of all, now is the time to compete in the global arena!

If you are late, you will be late. Since you are in this era, you must cut off your beard.

The second is that Yu Weide spent all the cash in his hand before the Hong Kong Independent Commission Against Corruption was established!

And turn all these into industries, properties, etc., and clean them all.

Otherwise, in the late 1970s, when all business activities were formalized, Yu Wei's huge source of cash would be a big loophole!

The policy of small government and big market implemented by the current Financial Secretary Kwok Pak-wai has just begun, and he continued this policy without changing it until he left office in the 1970s!

When this policy was implemented during his tenure, Guo Weibo did not care whether your money was hot money from outside, black money, or money from Hong Kong.

During his tenure, Hong Kong allowed funds to flow in and out freely, and the market adjusted the rest. This not only made Hong Kong prosperous, but also made Hong Kong a paradise for black money during this period.

Therefore, Yu Wei must complete his layout during his term of office, and at the same time solve the hidden danger of his huge source of funds.

At that time, after someone else takes office, Yu Wei knows about the past life, and the successor can only forget about it, and many people will also take this opportunity to clear their names directly.

A month later, Li Wen called Yu Wei and said that he had trial-produced the Walkman and asked Yu Wei to go back to Phoenix Technology to have a look.

Yu Dawei was so happy that he immediately took Qiao Yue with him!

When Li Wen took out a walkman with a cool appearance that far exceeded the industrial design level of this era, Qiao Yue's eyes went straight.

Yu Wei quickly took the Walkman from Li Wen, looked at it carefully, and listened to it on the tape.

I feel that it has basically met my design requirements. Based on the current manufacturing level of Xiangjiang, it is enough to achieve such an effect!

So I gave Li Wen a tip and asked him to bring samples and go to Philips headquarters in person, so that he could cooperate with the other party and carry out bundled promotion!
Chapter completed!