Rebirth: Starting from the Cafeteria

Wang Dongming sent Hu Jin to pass a message to Du Shaojie, but he was arrested.

This was Du Shaojie's answer, and he expressed his attitude very firmly.

"How dare Du Shaojie do this?"

After Wang Dongming found out, he threw a lot of things and was very angry.

He had done so many things before just to let the other party know how powerful his methods were, but the other party not only did not surrender, but instead showed his fangs.

This made Wang Dongming very angry.

That night, nearly a quarter of the KTVs under [Yuedong Entertainment] were investigated, which kept Pang Weidong and Xu Bo awake all night. These stores are located in many cities, but not in major cities such as Beijing, Shanghai, Guangzhou and Shenzhen.

Even so, this incident brought a strong shock to Pang Weidong and others.

Day three.

Pang Weidong and Xu Bo flew to Yangcheng, and they discussed with Du Shaojie how to deal with this matter.

"Wang Dongming has said that unless President Du sells his shares and leaves, Yuedong Entertainment will be frequently investigated. This bastard is going too far, we cannot compromise."

Xu Bo cursed a few times in anger, but he couldn't come up with a better solution.

"Isn't it just a matter of connections? I don't believe that everyone is Wang Dongming's follower and will do whatever he says. Don't forget, it will cost him money to attack us, so let's compete with him in financial resources."

Pang Weidong is slightly inferior to Wang Dongming in strength, but he is not completely helpless.

After all, it all comes down to money. As long as we can hold on, how can the other party be so rampant?
"I have a few words to say, Dongzi, Apo, I will never transfer my shares to that bastard. In addition, I agree with Dongzi's idea. In the end, it's still a competition of financial resources. We are really not afraid of him.

Next, we will observe and see which stores have too high inspection frequency, and then we can take targeted measures.”

Du Shaojie made his attitude clear, that is, he would never bow down under pressure.

No matter how powerful the other party is, it is impossible for them to walk around in every city and shut down KTV stores with just one word. Since the other party can't do that, let's just fight slowly. Who is afraid of who?

"That's right!"

"I agree. Let's fight him."

Pang Weidong and Xu Bo made up their minds not to compromise. If they compromised this time, what about the next time? Would anyone be able to take a bite?
Du Shaojie then made a suggestion:
"I think the resort's buffet is pretty good. With the KTV behind it, this project is very promising. I think we can use this project to raise funds, but we must be very selective in choosing our partners."

After thinking it over, he felt that it would be difficult for a few of him to monopolize the profits for long. It would be better to share some of the profits with others, so that he could gain one or two more staunch allies.

But it would be meaningless to cut profits directly from the KTV project. It would be better to introduce new profit growth points.

As the scale becomes bigger, even if part of the shares are distributed, the rights and interests of the original shareholders will not suffer any loss.

Du Shaojie first considered his own business. The buffet at the resort was doing very well. It had a KTV hall and a buffet restaurant, providing everything from eating, drinking and having fun, and the effect was very good.

"Yeah, the buffet format is great, how could I have overlooked it? Come on, stop thinking about it, let's go to the resort now."

This statement woke Pang Weidong up, he slapped his forehead hard, and immediately took Du Shaojie and Xu Bo to the resort.

The resort's business is booming now, and when they arrived at the buffet restaurant, there was no seat. However, this was not a problem for Du Shaojie, and the manager quickly made a reserved table for them.

"You see, many guests here go to the KTV upstairs to sing after eating the buffet, and at night, many guests who have had a great time will come down to eat."

Du Shaojie gave a brief introduction to Pang Weidong and Xu Bo. The three of them were hungry, so they brought back a lot of food and started eating.

After dinner, the three of them went to the cafe to sit for a while, finalized some principles, and then started to act separately.

Pang Weidong rushed back to the capital, and then he mobilized his connections and took the initiative to attack several cities with dire situations.

Wang Dongming has great power in these cities, but he cannot act recklessly. Once there is resistance, the other party will not dare to go too far.

Xu Bo took advantage of this time to arrive in these cities, trying every possible way to expand the store area and prepare for the addition of new buffet projects.

Du Shaojie recruited a group of chefs through a chef training school and then trained them in Yangcheng. There are ready-made physical stores here, so they can practice while training, so that they can be competent for the job after they start working.

In response to Wang Dongming's retaliation, several people temporarily adopted a tolerant attitude, but they also effectively curbed the other party's unscrupulous suppression.

Now both sides are in a difficult situation. It is impossible for Wang Dongming to target Yuedong Entertainment without spending any money. And Du Shaojie and his friends also have to spend a large sum of money to solve some troublesome things. Things are developing according to what Du Shaojie said. After all, no one is a vegetarian, and the final result depends on financial strength.

Time flies.

The simultaneous opening of five buffet restaurants under [Yuedong Entertainment] gave a shot in the arm to these stores that seemed sluggish due to external pressure.

The buffet dining format has attracted the attention of customers because of its beautiful dining environment, rich dishes, and the fact that customers can eat as much as they want within a specified time as long as there is no waste.

Moreover, the taste of various dishes is also very good. Since its opening, it has attracted a large number of customers and the turnover has been rising steadily.

Du Shaojie has formulated various operating and management specifications specifically for buffet restaurants, and the restaurants are not afraid of inspections. If there are still problems, then all local restaurants can be closed.

These five cities are the "hardest hit areas" for KTV stores, but with the supplement of catering income, the stores can still hold on for a long time.

"The situation has almost stabilized now. There will be a large amount of investment in the future, so we can consider financing."

Pang Weidong and Xu Bo came to Yangcheng again. After discussing with Du Shaojie, they decided to start a round of financing.

Today, [Yuedong Entertainment] is developing at a rapid pace, and even under external pressure, it still demonstrates strong profitability.

After all, Wang Dongming cannot suppress all stores across the country, and the five stores most affected did not suffer the losses he expected due to the popularity of the buffet.

He doesn't have the ability to close these stores, so the fight between the two sides has temporarily reached a delicate balance.

"I have several candidates here, let's discuss them one by one."

There are many people who want to invest in [Yuedong Entertainment], but the company does not need so much capital now, so screening is necessary.

But the three people discussed for a long time without any result. Each of them had their own strengths, and they had disagreements.

"Why don't we take 2% of the shares as a unit and make the valuation as high as possible so that they can subscribe."

Du Shaojie felt that it was not appropriate to offend anyone at this stage, so he suggested that [Yuedong Entertainment] be reorganized into a joint-stock company. Whether it can be listed or not is not the question, but it can definitely attract more shareholders.

The company has completed its initial accumulation and has promising development prospects. Even if its valuation is a bit higher, there will be many people rushing to invest.

Pang Weidong and Xu Bo thought this was a good idea and decided to raise 16% of the total share capital. The overall valuation of [Yuedong Entertainment] was 25 billion yuan, and this part of the shares was valued at 4 million yuan.

"Wait for my news. I will take care of this matter when I return."

Pang Weidong contacted potential shareholders with the financing plan, and things went smoothly. One person subscribed for 6% of the shares, the other two subscribed for 4% of the shares each, and the last person subscribed for 2% of the shares.

[Yuedong Entertainment] added 4 new shareholders, none of whom participated in the company's operation and management. Among them, the shareholder who subscribed for 6% of the shares became the company's non-executive director.

The four new shareholders are not only rich, but each of them has great power.

With their help, Wang Dongming felt a little powerless when suppressing [Yuedong Entertainment]. He still underestimated Du Shaojie's determination, and also underestimated some things behind [Yuedong Entertainment].

Du Shaojie had no time to deal with the other party. Fighting with Wang Dongming was Pang Weidong's job.

He took Wang Yongli, Luo Qin and others to travel between major cities to assist Xu Bo in building a self-service restaurant covering all stores. This task was huge, so he had to ask Meng Gang to send someone to assist him.

Fortunately, he was an expert and had ready-made templates to apply, so after three months he let go completely.

With the consent of Pang Weidong and Xu Bo, Du Shaojie transferred Bai Cheng to be the executive chef of the buffet project under [Yuedong Entertainment]. Bai Cheng has been with him since Xijiang, and after these years of training, he has fully grown up.

In addition, Xiao Jianjun also transferred a group of key personnel from the [Seafood House] for support. These key personnel formed the backbone of the buffet project and laid a good foundation from the very beginning.

Buffet restaurants opened one after another, and each one was a hit, bringing the company a steady stream of profits.

Du Shaojie and Qi Yan donated a primary school in Guangzhou to enroll children of migrant workers. The first phase of investment exceeded 3000 million yuan.

"[Bailian Catering Management Company] and [Beichen Education Group] have promised to donate no less than 1000 million yuan to the school each year in the next two years to support the healthy development of the school."

Du Shaojie is not someone who often talks about charity, but this time the couple donated 5000 million yuan, which dispelled many rumors.

Wang Dongming's attempt to discredit Du Shaojie failed. Instead, because of this reversal, Du Shaojie's reputation became better and better.

People can’t see what’s going on, but doing good deeds will eventually gain recognition from most people. (End of this chapter)