People in Hong Kong create super chaebols

After hearing what the senior executive said, all Motorola senior managers, including Robert Galvin, turned their attention to him.

"Mr. Abbott, please share your insights," Robert Galvin said directly and sincerely.

Abbott quickly stood up and said to everyone: "I think the current priority is to deal with this batch of inventory products. At the current market price, we obviously cannot compete with Yunsheng S4 mobile phones. Our products have no advantages at all and even appear to be extremely low in cost performance.

Therefore, price reduction is imperative, but at the same time, we cannot ignore the old fans who have always supported us.

I suggest that we give partial refunds to old customers who have already purchased our products. Although doing so may cause us to lose more than 10 million Hong Kong dollars, in the long run, this will not only win the trust of these loyal fans, but also establish a positive image for Motorola.

You know, it costs a lot to place advertisements, and this kind of refund to customers is itself a very attractive news, a good topic for us to promote for free!"

“Mr. Abbott’s strategy is excellent, and I fully agree with it. This method is far more powerful than traditional advertising. It can not only increase the number of our loyal fans, but even if our new product cannot compete with Yunsheng S4 in terms of functionality, we can still gain a portion of the market share through price advantages and refund strategies.

After all, not all consumers pursue such complex functions. For many people, it is enough for a mobile phone to be able to make and receive calls.

Therefore, although the price reduction will reduce our profit on each mobile phone, as long as sales increase, our total profit will gradually increase.

Considering that we have invested more than $100 million in the research and development of this product, and the current sales volume is only more than 40,000 units, this is obviously a failing result.

Therefore, we should not only continue to sell this product, but also build on it, draw on the successful experience of Yunsheng S4, and develop the next generation of more competitive mobile phones.

Compared with Hutchison Telecommunications, we have a deeper foundation in the electronic products field.

Now, Yunsheng S4 is nothing more than a fusion of entertainment electronics and mobile phone functions.

With this direction, we are confident that the next generation of products will be able to surpass Yunsheng S4 and do better! "A senior executive stood up and passionately supported Abbott's idea.

"I agree too."

……

While Motorola was considering how to save itself, Hutchison Telecommunications' Yunsheng S4 mobile phone was already selling like hot cakes.

Motorola was affected by Hutchison Telecommunications' new products and suffered heavy losses.

But what does all this have to do with Hutchison Telecommunications?

They are just releasing their new products normally.

Whether a product sells well or not is a market behavior.

Motorola's sales were not good and it suffered a wave of returns. They can only blame their own poor product performance and cannot blame others.

In the blink of an eye, July 7st has passed and it is now August.

Hutchison Telecommunications also announced good news to the world.

Although the sales volume of Yunsheng S4 mobile phone is decreasing with the passage of time, even at its lowest level, the sales volume around the world still reaches more than several thousand units every day, and even exceeds ten thousand units on weekends.

Therefore, Hutchison Telecommunications officially announced that the sales volume of Yunsheng S4 mobile phone officially exceeded 50 units within one month, reaching 518266 units!
In fact, this record exceeded 7 units on July 29, but as there were only two days left until the whole month, Hutchison Telecommunications Company simply waited until the end of the month before officially announcing it.

In comparison, another product, Motorola's new mobile phone product Motorola MicroTAC, is much more embarrassing.

Previously, Motorola MicroTAC was highly praised by the media, but after the release of Yunsheng S4 mobile phone, it fell hard!
On the contrary, after the release of the Yunsheng S4 mobile phone, it was also highly praised by the media, and even more so.

However, the Yunsheng S4 mobile phone did not fall down because its strength could withstand the scrutiny of users.

Motorola subsequently implemented a series of strategies, which alleviated their situation, and sales volume once again exceeded 100,000 units.

At the same time, after this incident, Motorola gained a group of loyal fans in Europe and the United States.

Of course, Hutchison Telecommunications doesn't care.

The global market is so huge that it is impossible for Hutchison Telecommunications to completely monopolize it.

If it is really a monopoly, then the European and American governments will definitely target Hutchison Telecommunications.

Therefore, competition is actually a good thing!
However, although the sales of Motorola's MicroTAC mobile phone have finally started to increase, the profits have been greatly reduced.

With that little profit, Motorola doesn't know when it will be able to make a profit.

And they may not be able to wait until that time for the release of their next generation of Motorola mobile phones, because Hutchison Telecommunications will not be able to wait for them too long. After one or two years, if they do not release new products, Hutchison Telecommunications will also release their new products.

Therefore, there is a high probability that Motorola's Motorola MicroTAC mobile phone will not be able to make a real profit.

Of course, their research and development is also accumulating more new technologies. Even if they do not make a profit, they have accumulated more foundation for the next generation of products.

In Hong Kong, as the future situation of Hong Kong is unclear, although Hong Kong's economy is gradually improving, many people choose to leave Hong Kong and immigrate to Europe and the United States.

Therefore, even in August 1984, Hong Kong's real estate market had not yet recovered.

Taking advantage of the real estate crisis in the past two years, Suzhou's companies have stockpiled a large amount of land, commercial building properties, shops, etc.

In addition, in Hong Kong's famous luxury residential areas such as the Peak Villa District, the Mid-Levels Villa District, the Deep Water Bay Villa District, the Repulse Bay Villa District, the Clear Water Bay Villa District, the Kowloon Tong Villa District, and the Kowloon Bay Villa District, many villas have been sold by these wealthy people in the past two years as they have continuously chosen to leave Hong Kong and immigrate overseas.

Compared with other houses and land, the price reduction of villas is greater. Two years ago, a villa could be sold for more than 3 million Hong Kong dollars, but now it can even be reduced to more than 1 million Hong Kong dollars at most!
Because, with the immigration of many wealthy people, the number of wealthy people in Hong Kong is decreasing, and the demand for villas is naturally decreasing as well.

Su Cheng took advantage of this good opportunity and secretly directed Tianqi Property Company, Su Group, Hutchison Whampoa Group and other subsidiaries to buy the villas sold by these immigrated wealthy people at low prices.

In just over two years, Su Cheng's companies actually controlled the property rights of more than 200 villas!
These villas are basically in excellent locations.

For example, there are two or three sets of houses next to Li Jiacheng’s villa in Deep Water Bay; there are also several sets of houses next to Zheng Yutong’s Zheng family villa.

After these villas are purchased, they will naturally not be left vacant, but will be rented out.

In the short term, Su Cheng will definitely not sell these villas, which are all good resources. Because he knows that with the development of the mainland market, a large number of wealthy people will be born.

After becoming wealthy, what these wealthy people want most is to own a villa of their own in Hong Kong, the Pearl of the Orient.

Therefore, twenty or thirty years later, most of these villas were sold for hundreds of millions of Hong Kong dollars or even more than one billion Hong Kong dollars.

Now, these villas cost as little as over one million Hong Kong dollars and as much as a few million Hong Kong dollars. It is really a great profit to buy them at this price.

Although, with the development of the times, affected by the factor of rising prices, the purchasing power of current money and future money is definitely different, but the increase in housing prices will definitely outperform inflation!

Therefore, buying these villas is definitely a very cost-effective investment, and you don’t have to worry too much about it.

Although the current rent is unlikely to be very high, once the real estate industry recovers, the rent will also rise along with the appreciation of real estate.

Therefore, the current low rent is only temporary.

In addition to these more than 200 villas, the Su Group, Hutchison Whampoa Group, Tianqi Property Company, Oriental Press Group, Jiali Bank, Tianwen Petroleum Company, etc., have all secretly purchased a large number of commercial buildings, industrial buildings, land, etc. in Hong Kong.

These prices are basically about half of the peak housing prices in 1981. For example, a certain commercial building was sold for HK$1981 million in June 6, but the Su Group only spent HK$6 million to purchase the building.

In addition, the Hong Kong Land Group was originally the largest landlord in Hong Kong, owning numerous properties in Central, Causeway Bay, Wan Chai, Tsim Sha Tsui and other places.

At the same time, most of the government land auctioned in Hong Kong in the past two years was bought at low prices by companies under Suzhou.

The Hong Kong government also has no idea about the future of Hong Kong real estate, so they decided that even though real estate prices are low now, they will still regularly put some land up for auction in order to raise some funds. These funds will naturally end up in the hands of the UK, and there is nothing they can do about it.

Therefore, the Xiangjiang properties controlled by Su Cheng today are extremely terrifying.

If these data were made public, not only ordinary people, but also the Hong Kong government would be shocked when seeing them.

According to Su Cheng's secret statistics, in Central, Hong Kong's most prosperous CBD area, fully one-third of the commercial buildings are owned by Su Cheng or controlled by Su Cheng's companies.

There are also countless commercial buildings and shops in Wan Chai, Causeway Bay, Tsim Sha Tsui, Mong Kok and other places.

Only the Hong Kong government has a vague idea of ​​these data because all transactions are subject to tax.

However, we only have a vague idea about it and it is very difficult to count it.

Moreover, the Hong Kong government should also be grateful to Suzhou.

Because in the past two years, if Suzhou had not continued to secretly acquire these properties, Hong Kong’s fiscal revenue would have been very miserable.

Li Jiacheng, Bao Yugang and others also purchased a large number of properties during this period when the real estate market was at its lowest point, just like Su Cheng.

But compared with Su City, their large amount is just a very small part of what Su City acquired, there is no comparison at all!

Therefore, now whether it is the Su Group, Hutchison Whampoa, Tianqi Property Company, Hong Kong Electric Group, etc., they have added an important business, that is, property management and rental collection!
Based on today's housing prices and rental ratios, it may take 20 to 30 years to recover the rent collected.

But Su Cheng knows that the current rental price is still in a very low price range.

After the above negotiations are over, the future situation in Hong Kong will begin to become clear. Everyone will have confidence in Hong Kong, and Hong Kong's real estate industry will naturally usher in an opportunity for vigorous development again.

By then, not only will the values ​​of his properties continue to rise sharply, but the rents will also continue to rise sharply.

Relying on the rent, Su Cheng can do nothing and just wait for countless rents to come into his pocket every year!

It can be said that Su Cheng is now the largest rent collector in Hong Kong, and he is far ahead of other bigwigs who make a living by collecting rent.

The most important thing is that these companies under Su Cheng not only own properties in Hong Kong, but also own many properties all over the world.

For example, the Su Group, in addition to owning a large number of properties in Hong Kong, also owns properties in many overseas cities including Singapore, Macau, Bangkok, Dongjing, New York, Los Angeles, London, Paris, etc.

These overseas properties, which are not in use, will be rented out just like the properties in Hong Kong.

Therefore, if an organization compiles a ranking of rental income around the world, Suzhou will definitely be ranked in the top three, or even first.

Su Cheng really couldn't think of anyone who could surpass him.

In fact, the acquisition activities of Suzhou's companies have, to a certain extent, curbed the continued downward trend of Hong Kong's real estate industry.

However, this mitigation is relatively limited.

The main reason is that Su Cheng instructed its subsidiaries to carry out the acquisition secretly in an extremely low-key manner rather than publicizing it.

Even when acquiring commercial buildings with a market value of hundreds of millions of Hong Kong dollars, they try to avoid making it public.

If the other party is a listed company, it has to disclose information and is strictly required not to reveal that the acquirer is a Sucheng-owned company.

Under this rigorous acquisition strategy, although Suzhou's companies have purchased a large number of properties, the overall impact on Hong Kong's real estate market is still limited. Although there is some impact, it is not significant.

Tseung Kwan O, Tseung Kwan O Center Building, sitting on the top floor, Su Cheng looked at the property data in his hand and smiled with great satisfaction.

As the biggest rent collector in Hong Kong, his dream finally came true.

He had this idea in the early days.

After all, he knows what the general trend of Hong Kong's real estate will be in the future.

You can find out from Xiao Ai.

Although the emergence of Sucheng has certain impacts, the general situation will definitely not change too much.

Therefore, he is full of hope for the future of Hong Kong! (End of this chapter)