Novel Bin Chapter 1097 – Shi Dazhu returning to his peak again
Chapter 1097 – Shi Dazhu returning to his peak again
After receiving Sun Lijie’s call, Feng Yu flew back to Beijing immediately.
“Old Sun, show me the contract now.”
Sun Lijie had prepared the contract for Feng Yu. “Manager Feng, 100 million RMB for 70% of the company’s shares. We only own 49% of the voting shares, but if they need more funds, we will have the priority.”
These terms are better than what Feng Yu wanted. Feng Yu had told Sun Lijie to buy 49% of Li Yanhong’s company for 20 million USD.
Feng Yu patted Sun Lijie’s shoulder. “Good job! This Qiandu will bring in extremely high profits for us in the future!”
The returns will be more than 100 times their investment when Qiandu got listed.
“It is because we had invested in many internet companies, and these companies are good platforms for Qiandu. If not, Li Yanhong might not agree. He had only wanted to give us 49% of his company’s non-voting shares.”
“Old Sun, the value of these shares will be double within five years!” Even if this company is not listed, the value will still be doubled. If the company got listed, no one would know how much these shares will be worth.
Sun Lijie’s eyes nearly popped out. The value will be doubled within five years? He felt blessed to be the CEO of Tai Hua Consultancy. Feng Yu had been creating miracles!
Sun Lijie thought back to the time when they invested in those three Chinese internet companies. He felt they had wasted their money at that time, but after those three companies got listed on Nasdaq, the share prices shot up.
The share prices of those three companies continued to rise until Manager Feng sold his Microsoft shares before dropping slowly.
Tai Hua Consultancy will make several folds from their investments when they sell away the non-voting shares of those three companies in one year.
Feng Yu will never sell away the voting shares of those three Chinese internet companies!
Sun Lijie had to admit that Feng Yu has good foresight. In the past one to two years, not only internet companies had risen. Another industry also became popular. Health supplements!
After Lebashi’s fake health supplement product saga, the health supplement industry is showing signs of recovery.
The most popular health supplement product is Nao Bai Jin, which started advertising last year!
Nao Bai Jin’s advertisements are everywhere, and they used catchy slogans and funny advertisements. But it did not state the benefits this product offers, and it is marketed as a fashionable gift.
The purpose of this product is marketed as a gift for elders, parents, etc. When the elderlies received Nao Bai Jin, they know it is an expensive gift. This is different from the past when the elderly received gifts, but they don’t know its value.
What are the benefits of this health supplement, Nao Bai Jin? It can only improve sleeping and help with digestion!
The retail price of a box of Nao Bai Jin is 168 RMB, and the cost is less than a third of it. The main part of the production cost is for marketing, packaging, transportation, etc.
Nao Bai Jin also uses soft advertising on the internet, newspaper, magazine, etc. Although the advertisement did not exaggerate this product’s benefits, it states the ingredients can improve the user’s digestive system and help with sleeping.
These vague descriptions created the impression that this product had used expensive ingredients. There are rumors that Nao Bai Jin has anti-aging and can increase one’s immunity. As the rumor spreads, the benefits were exaggerated to improve skin conditions and helps with men’s fertility!
Is it possible that Shi Dazhu does not know about these rumors? But he did not get his men to clarify it and allowed the rumors to spread.
What was more surprising is this product was marketed as gifts, and it was accepted by the consumers!
In China, people send gifts during festivals. Health products advertised on TV are popular gifts, as it is seen as “branded” items.
What if you buy other gifts, and it is useless for the recipients? This is a health supplement, and even if the recipient does not use it, the recipient can also give it to their parents.
Moreover, this product is healthier than giving cigarettes and alcohol.
Starting from last year, Nao Bai Jin became the best-selling health supplement in China, with almost 1 billion RMB sales!
Nao Bai Jin kickstarts the revival of the health supplement product industry in China. All sorts of health supplement products appeared in the market.
These products claimed to have all sorts of health benefits like anti-aging, improving memory, immunity, etc.
That’s right. Most of these products cannot advertise on CCTV, but they can advertise on local TV stations.
Other than local TV stations, these companies also advertised on posters and billboards. They used telemarketing, door-to-door sales, flyers, recommendations from pharmacies, etc.
Anyway, the consumers who had bought these products will have a placebo effect and thinks the product is effective.
In the market, lots of counterfeit Nao Bai Jin products appeared. The production cost is only 2 RMB, and they are selling at high prices. These products’ packaging is very similar to the real Nao Bai Jin and was sold through door-to-door sales.
These products did not state what benefits it has, and it might even be poisonous!
This year, Nao Bai Jin’s sales continued to rise, and Shi Dazhu claims that his company’s profits will exceed 1 billion RMB!
Shi Dazhu acquired a shell company to prepare to get his Nao Bai Jin’s company listed!
The company is still under review. Once it got listed successfully, Shi Dazhu will have funds to increase his scale, advertising, lower costs, etc.
Currently, the demand for this product had exceeded the supply!
Of course, Shi Dazhu is also developing new products. He does not believe this product can be popular for decades. Even if it does, he needs insurance. In the past, Shi Dazhu had also produced a Chinese language card, which is also considered a tech-related company.
The internet industry is flourishing now, and Shi Dazhu also wants to get a share of this gigantic pie. It is hard to enter the industry through other products, but the online game is easier. Look at Legend of Mir. Just the Chinese players had exceeded 10 million.
Shi Dazhu intends to use the money he earned from Nao Bai Jin to enter the internet industry. He is determined to become one of the top ten billionaires in China again!
Chinese language card