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Chapter 119 Celebration Banquet

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    The weather is rare today and the sky is cloudless after the rain.  šI Continuous rains have made the earth less scorching, and the sea breeze has blown away the remaining heat in the air, making people feel very comfortable.  Tai Yu Building in Kwun Tong Industrial Area also has a festive atmosphere.  Strips of colorful ribbons hang from the top of the building and are connected to the surrounding low walls, decorating the entire building like a blooming flower.  Colorful flags are scattered all around, fluttering in the wind.  Outside the entrance on the first floor, an administrative staff member directed his subordinates to hang up a banner.  On the bright red satin, there is a line of apricot-yellow characters printed: "Warmly celebrate the establishment of Lok Ma Chau Electronics Industrial Park and thank you meeting."  In the hall, people were busy coming and going, hurriedly setting up the venue.  Hang lanterns, install rotating spotlights, place microphones, and adjust audio equipment.  From time to time, a car with a hotel sign on it would pull up to the door, and plates of exquisite food and drinks would be taken out of the car and delivered to the table covered with a snow-white tablecloth against the wall of the hall.  There is also a square table placed at the main entrance, and several staff members are carefully stacking glass wine glasses one on top of another to form a two-meter-high wine tower.  In order to prepare for tonight's celebration banquet, the reception area was temporarily transformed into a bar. Bartenders hired with high salaries from several high-end bars in Hong Kong diligently wiped wine glasses and bartending utensils, and moved boxes of high-end red wine and white wine behind the counter.  , gearing up and waiting to show off their skills at night.  Waves of aroma came from the staff canteen on the second floor and filled the entire building along the corridor.  ?This is a celebrity chef invited from major hotels and restaurants, preparing tonight's sumptuous food.  For tonight¡¯s celebration banquet, a variety of precious ingredients have been delivered in a steady stream since the past few days, including traditional Chinese dishes such as abalone and bird¡¯s nest, as well as French dishes such as red wine steak and pan-fried scallops with foie gras.  Meals include Japanese dishes such as tempura, sashimi, and sushi, as well as Western dishes such as beef plate grill.  There are all kinds of Chinese, French, American, Italian and other delicacies.  The overflowing aroma inevitably arouses people's greed. The employees coming and going in the company were beaming with joy, secretly swallowing their saliva, trying to distinguish the delicacies from the smell, looking forward to a feast in the evening.  When people meet each other, they often blurt out words such as "You know, I heard" "It's a great thing" "I can't believe" "Our boss is really capable" and everyone's face is full of smiles.  Overflowing with an uncontrollable smile.  Starting after four o'clock in the afternoon, people came one after another to attend the evening banquet.  Most of these are small suppliers begging for food from military divisions such as Taiyu Technology, New Era, Sagitar Trading, etc. Out of flattery, they are the first to arrive, and most of them bring quotas, children, and are dressed in festive costumes.  The whole family went out and took the initiative to report to the reception desk after arriving, presented thick red envelopes with gifts, and solemnly signed their names in the reception book.  Taiyu was fully prepared. In addition to deploying a large number of young staff from Taiyu Technology, New Era, Sagitar Trading, etc., it also invited a group of students from several Chinese universities and women's high schools. After a half-day of emergency training, they temporarily filled in as employees.  Reception.  Every guest who arrives has a dedicated person to receive them, so that the guests will not feel coldly treated.  Around 5:30, a blue Chevrolet sedan with a brightly waxed body came speeding towards the building. It suddenly slowed down as it approached the entrance of the building. The wheels rubbed against the ground, making a screeching sound.  "**! Edmund, drive slower, this is not the United States! And you have to remember that we drive on the left here. If you're not used to it, you'd better let me drive!" Andy.  Pan was thrown by the sudden brake and almost missed the windshield, shouting angrily.  "Sorry, I misremembered the place and almost drove by. Don't worry, I can drive at the age of twelve. It doesn't matter whether I keep to the right or the left." Edmund apologized not very sincerely, and got out of the car.  I looked out the window and saw the densely packed colorful ribbons next to me. Then I looked up to the top of the building and saw the light box advertisement on the top of the building.  The light box had both Chinese and English logos. The square letters looked familiar to him but he didn't dare to confirm them, but the English letters were correct.  taiyoo! That¡¯s right, it¡¯s right here.  Edmund skillfully flicked the steering wheel, causing the car to turn sharply. Amid Andy's angry roar, he skillfully turned the car around and drove into the parking lot of the building.  "Are there so many rich people in Hong Kong? There are so many cars parked, many of them expensive luxury cars!" Edmund whistled, flicked his tail, and accurately parked into the parking space without pausing.  "There are not so many rich people in Hong Kong, but all the rich people in Hong Kong are here!" Andy warned, "Taiyu Technology has a big background. It is said that the Chinese government is behind it. Don't show off at the venue later.  Be too frivolous so as not to offend the other party. ¡±   Andy is an authentic Englishman, but his status is not high enough to remove the top management.  As a paradise for Eastern adventurers, there are no fewer than ten or two hundred thousand British people like him who come to Hong Kong to prospect for gold.  Although he couldn¡¯t get inside information, the scraps of information he heard from his friends were enough to make him respect Taiyu Technology, a rapidly rising behemoth.  What¡¯s more, they still need something from each other.  "I won't mess around. I was once a kid from a rich family, so I won't embarrass you." Edmund knew the other person's energy better than he did, so how could he be stupid enough to provoke his master.  After the Hong Kong government launched the industrial park plan, the whole thing changed. Electrical appliance giants from all over the world came to share the feast, and all representatives of small companies like them were squeezed off the table.  Just when everyone was discouraged, complaining about being cheated by the Hong Kong government, and preparing to go home, Guan Fei sent someone to find them, saying that he did not expect things to turn out like this, and apologized for this.  Guan Fei finally said that his promise is still valid.  If companies are still interested in cooperating with him, he is willing to continue to provide components and components to companies as promised to help them gain a foothold in Hong Kong.  Regarding Guan Fei's kindness, the members of the inspection team expressed two voices. One was frustrated, saying that since the big companies had already intervened, it would be too difficult for small companies like them with insufficient capital to win in this game.  Decided to quit.  ¡°The other part is more optimistic about starting a business in Hong Kong.  Edmund played a big role in this, exchanging information privately with managers at these companies to convince them to stay.  In his view, despite its shortcomings, Hong Kong is an excellent choice as a place to start a business for the first time.  Labor in Hong Kong is so cheap, the per capita salary is only HK$1,300, which is only US$276!  Comparing the average salary level in the United States, which is more than 800 and nearly 900 US dollars, the salary of Hong Kong workers is only one-third of that of American workers.  Even compared with similarly cheap Japanese workers, they are only half as good as their counterparts.  Another, Hong Kong is a British colony. After years of promoting English, about one-third of the people in Hong Kong can write, read English newspapers and periodicals, and communicate proficiently in English.  As long as he recruits a group of managers who understand English, he doesn't have to worry about how to communicate with the workers.  This point is particularly important in his opinion, because Japan, which has higher technical strength, cannot compare.  Even in terms of the quality of workers, he does not think that the quality of Hong Kong workers is low.  In terms of hard work and hard work, you can see workers everywhere who are bare-backed and working hard under the command of the foreman with their arms and legs smashed to the ground under the bright sun.  Pedestrians on the street are in a hurry. Everyone seems to have clear goals and full of vitality. The pace of life is as fast as that of the United States.  In his opinion, there is no better place in the world than here, a place with low startup costs, hard-working workers and smooth communication.  It doesn¡¯t matter if the workers are slightly less capable. As long as they follow the instructions and receive training for a period of time, they can get on the assembly line.  All kinds of components and electronic components are provided by Guanfei, and these workers are not required to engage in scientific research. The most they can do is find experienced electronic technicians with high salaries.  And the so-called high salary is only two to three thousand Hong Kong dollars, which is at most the same as a blue-collar worker in the United States. Even a newly graduated college student in the United States cannot afford this kind of money.  As long as the company survives the initial difficulties of starting a business, it is not too late to consider hiring high-level researchers from Europe and the United States, or moving the factory back to the United States in order to become bigger and stronger.  With his lobbying, about one-third of the members of the inspection team finally decided to stay.  Guan Fei also fulfilled his promise and immediately asked several venture capital companies such as the newly established Innovation Technology Investment Management Company to review the operating reports of each company.  The venture capital company responded quickly. After just a few discussions and revisions, the investment agreement was immediately signed, and venture capital investment ranging from 100,000 to 500,000 Hong Kong dollars was invested in each partner company, and more than ten new companies were established as joint ventures.  According to the agreement, depending on the size of the partner company, technical strength, marketing network scope, and risk level, the venture capital company will obtain 40% to 70% of the new company's shares, which is much gentler than those vampires in the United States.  And the venture capital company promised to only send directors to supervise the inflow and outflow of funds and not to interfere with the company's operations.  Once the company is successfully listed in Hong Kong, London, Frankfurt, or the United States, most of the shares will be released and only 20 to 30% of the shares will be retained to continue to participate in the company's dividends.  Because Edmund is very capable and has successfully persuaded many companies to cooperate, Guan Fei once met with him alone and gave him two options.  One is to accept venture capital funds like other companies and set up its own tape recorder manufacturing company. Guan Fei promised to invest 200,000 Hong Kong dollars in it to develop the business.??Fifty-five percent of the company's shares.  The other is to set up an industrial design company, which is responsible for the appearance design of game consoles, portable recorders, toys, etc.  Guan Fei said frankly that although they have technical strength, they don¡¯t pay enough attention to the beauty of the product, focusing on practicality, but the user experience is not good.  According to user feedback collected by the company, there are quite a few complaints about the appearance of the product and user comfort.  If Edmund is willing to turn to the direction of industrial design, Guan Fei is willing to provide him with venture capital of one million Hong Kong dollars, and transfer several professional designers from Taiyu Technology and Hasbro to join the company, and integrate Taiyu Technology and Hasbro into the company.  Most of Zhibao's design business is outsourced to design companies.  If it operates well in the future, it is not impossible for the design company to become a giant in the industry. At least it will have a much brighter future than joining the manufacturing of portable recorders, where competition has suddenly become fierce.  Edmund thought seriously for several days, made an overseas phone call to consult his father's opinion, and finally accepted Guan Fei's suggestion.  He used his own savings of US$10,000 and persuaded Andy, a British man who had been engaged in toy design for a long time, to form a joint venture of US$18,000, totaling HK$84,000, plus Guan Fei's investment of one million US dollars.  Hong Kong dollars and established Edmund Andy Design Company.  He holds 7% of the company's shares and serves as the general manager; Andy holds 3.5% of the shares and serves as the deputy general manager.  In order to save costs and facilitate communication with customers, the two opened the company in a business building not far from Taiyu Technology and rented an office of more than 200 square meters.  Using Andy's industry contacts, he quickly recruited several experienced designers, and together with six designers transferred from Taiyu Technology and Hasbro, a twelve-person designer team was formed.  With the help of some clerks and interns, a design company with a complete department was born.  Hong Kong's costs are low. According to the calculations of the two people, based on the existing rent, wages and other expenses, even if the company does not have a penny of income, it will be enough for them to sustain them for more than seven months, which is longer than the survival period of American startups.  Two more months.  ¡°If they tighten their labor costs, they can survive longer.  Fortunately, Guan Fei did not regard them as targets of exploitation. On the third day after the company was established, he outsourced the appearance design projects of dozens of products such as Transformers, arcade machines, portable recorders, desktop recorders, speakers, and power amplifiers to the company.  If these designs are all approved, the company will receive a total of two million in design fees, eliminating the possibility of bankruptcy in the short term and freeing them from worries.  Out of gratitude to Guan Fei and the desire to build a good partnership, they received an invitation to the celebration banquet. They bought a new suit and rushed to Taiyu Building in advance before the banquet started.  Looking at the smiling welcoming lady at the door, Edmund was filled with endless joy.  Although he is temporarily unable to realize his father's wish and revive the family business, on another road, he may go smoother and more successfully!  Look, father, I will definitely surpass you and make you proud of me!  Edmund straightened his clothes and, together with Andy beside him, walked up the steps with a confident and sunny smile on his face.
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