Reborn in Hong Kong: The Tycoon Grows Up

In fact, Mr. Bao originally planned to build 100 five-star hotels, but he just didn’t want to scare Michael Kadoorie. After all, the other party has been to the Chinese mainland many times, and of course he knows the living standards and economic conditions of the mainland people at this time. Five-star hotels are a luxury in any country in the world.

Based on the current economic index of mainland China, it is estimated that it will be difficult to build even 5 companies, let alone 50. It's very easy to build, all you have to do is invest money. But if you want a hotel to be profitable, it needs to be supported by consumption.

Heiyun Group can only adopt a holding model in the future, which means that no one will own shares except the descendants of Bao Zixuan. So what should Heiyun do with so many outstanding employees; owning Hutchison Whampoa stock is a good choice.

But if Hutchison Whampoa's stock is to be valuable, it must deliver performance that convinces the market. Mr. Bao has a clear understanding of the future development of mainland China. It becomes necessary to build a Hutchison Plaza in every municipality, provincial capital, center and key city.

Fortunately, I have seen some big markets and am a super tycoon myself. Michael Kadoorie reacted quickly and said very seriously: "Sheng Bao, although it is a bit rude, are you serious!"

At present, the Michael-Kadoorie family does not have many five-star hotels. You must know that their family has been in business for nearly a century. Could it be that the family did not develop rapidly enough because of a lack of courage and courage?

Bao Zixuan said very seriously: "We are talking about business and cooperation now; of course we are very serious. You know my temper. I rarely joke, let alone this kind of joke.

Hearing the other party's affirmative answer, Michael Kadoorie's mind was a little short-circuited. Mainland China is developing very fast, but only a few cities are doing well. In many places, let alone ten or even twenty years, they will not have the spending power to support five-star hotels. Huo Yingdong was already very ambitious in building a five-star hotel in Yangcheng. Unexpectedly, Bao, the richest man, was even more ruthless and wanted to build 50 hotels.

In fact, this cannot be blamed on Michael Kadoorie. After all, there is currently only one hotel in China that is recognized as a five-star hotel, and that is the White Swan in Sheep Farm. Others are still under planning. They don’t even dare to design, as they are worried that the investment will be in vain. After all, except for the richest man Bao, no one can see the future. Of course, they don’t know what kind of miracles China mainland will create in its future development.

In the previous life, until the 1990s, there were only three five-star hotels in the entire Chinese mainland; therefore, the plan of Bao Zixuan cannot be described as grand. As a hotel professional, Michael Kadoorie is very familiar with hotel planning in various countries around the world. At the same time, he doesn’t know exactly where five-star hotels can be built, but he also knows a rough idea.

Michael Kadoorie: "Sheng Bao, this plan is really crazy. The funds required for 50 five-star hotels are very huge. If something happens, the entire Kadoorie family may cease to exist. So can you agree with me?" Please introduce it in detail, otherwise it will be really difficult to convince yourself and your family!”

Bao Zixuan knew that he took it for granted. After all, in this era, mainland China has a feeling of poverty and backwardness among Hong Kong rich people, especially foreign rich people. For super luxury goods like five-star hotels, few people dare to try them.

In fact, Mr. Bao doesn't want to launch such a big project so quickly. Many things require a process. But now the folk customs are simple and there will be no conflicts in the demolition work. As we enter the 21st century, people have more and more ideas; it will definitely be very difficult to plan Hutchison Whampoa Plaza in the center of the city!

Moreover, the cost of modern land acquisition is almost negligible, and at most it is some construction costs. This banking crisis in Hong Kong is definitely a good opportunity. When the matter is over, the deposits of Heiyun Bank will inevitably increase.

Moreover, the investment is in the name of Hutchison Whampoa Company, and Heiyun employees are all wealthy owners. If they are allowed to invest in Heiyun Group without giving them shares in the company, it will be no different from free prostitution. But if Hutchison Whampoa invests in name, there will be no problem. Although he makes a lot of money, Li Chaoren will also benefit from it.

But what the heck, if Li Chaoren wants to keep his shares, he must come up with money. In this way, the plate can be made larger, and the benefits will inevitably increase in the future. If the other party is unwilling to continue investing, the shares can be diluted according to the investment scale. Without money, no one will take you to play.

Michael Kadoorie mentioned the family, and it seems that this matter has exceeded the scope of its authorization.

Although his father, Laurence Kadoorie, is nearly 90 years old, he is still alive after all. Moreover, the old man was quite energetic. It was said that he was still able to work before his death in 1993. He was not confused at all. Although the management of the company has been handed over to his son, for such a large-scale investment, the old man's opinion must be sought.

One bad move would bring the entire Kadoorie family into an abyss. Michael Kadoorie didn't dare to make the decision without permission. The previous investment scale was not large, and the goodwill of Bao Capital was very good. In addition, even if they lose money, it doesn't matter much, the Kadoorie family can still bear it. But this time it is 50 five-star hotels. Even though the labor on Huaxia Avenue is cheap, the material cost is not low.

For five-star hotels, many materials cannot be produced in mainland China at present and must be transported from abroad. The customs duties and shipping costs alone are a significant expense.

Bao Zixuan: “I don’t know if Mi Gao has heard of the concept of CBD.”

Central Business District; referred to as CBD. It refers to the area in a country or city where the main business activities take place. Its concept first emerged in the United States in 1923, when it was defined as a "business gathering place." Subsequently, the content of CBD continued to develop and enrich, becoming the economic development center of a city, a region and even a country.

Generally speaking, the CBD is located in the center of the city and highly concentrates the city's economic, technological and cultural forces. As the core of the city, it should have multiple functions such as finance, trade, services, exhibitions, consultation, etc., and be equipped with complete municipal transportation and Communication conditions.

For a Jew, and a Jew who is engaged in hotel management, of course he knows about CBD. Could it be that if Bao Zixuan wants to build CBD in 50 major cities in mainland China, the funds required will be an astronomical amount, which is simply unimaginable.

Michael Kadoorie: "Sheng Bao wants to build central business districts in 50 cities in China, which is an astronomical sum. And with the current economic development in mainland China, except for Kyoto and Shanghai, there seems to be no such city. We have the strength to build a central business district. Even the two cities with the largest economies in mainland China are very reluctant."

"If CBDs were built in these two places in the past, the Kadoorie family could still consider it. The risks in other places are too great."

It would be the same for anyone. If Bao Zixuan announced the construction of 50 central business districts in mainland China, everyone would probably think that he is crazy or that he has money and nowhere to spend it.

However, the development speed of China Mainland is actually something ordinary people can imagine.

Bao Zixuan: "I have this plan and I am ready to implement it. If the Kadoorie family does not want to take too many risks, then the funds for the construction of the hotel can be provided by Hutchison Whampoa Company. Then the Peninsula Hotel can be purchased if it feels suitable. Or contract management. But at that time, we had to compete with other hotels. After all, we are all businessmen, friendship is friendship, and maximizing profits is the basis of survival. "

This guy has never made any mistakes in his investment. He just invested in a hotel, and other supporting facilities need to be provided by Hutchison Whampoa. The richest man Bao was the major investor, and the investment scale of the Kadoorie family was not as large as imagined. And not all hotels are built at once.

Being able to think of you is an opportunity. If you refuse this time, no good thing will come to you next time.

Michael Kadoorie said very firmly: "If you dare to invest, of course I dare to do it. What's the use of putting money in the bank? In the early stage, we will build two in Shanghai and Kyoto. How do you feel?"

"I'll raise funds right now, and I promise I won't embarrass you."

Unexpectedly, the old boy was quite happy. There is something commendable about Jewish business.

Bao Zixuan said with a smile: "You will never regret your choice today. Your investment in the future will definitely bring high returns."

So the two settled the matter in this way, and the Kadoorie family was responsible for investing in the plazas and hotels built by Hutchison Whampoa in Mainland China.

Decades later, the Kadoorie family owned more than 100 five-star hotels in mainland China, with annual revenue reaching nearly 10 billion U.S. dollars, but it was definitely a cash monster.

The waiter who made tea for the two tycoons later wrote a novel about their meeting. Although I couldn't understand what the two were talking about, it was easy to see from the boss's expression that Bao Shaofu was very shocked. An unusually grand plan left the boss, who was accustomed to grand scenes, at a loss.

I don’t know if it’s trust or the businessman’s keen sense of smell. Mr. Kadoorie agreed to Bao Zixuan's plan and decided to join. It wasn’t until a few months later that I found out that the two of them were negotiating for the Hutchison Plaza and the supporting hotel project.

When the economy in Mainland China was not very ideal, Bao, the richest man, dared to invest so much. It can only be said that the best we can know is what will happen tomorrow, but he can see through the development of the next few decades. This may be the gap between people.

The sales volume of the new book was very good, even Bao Shaofu and Michael Kadoorie each bought a copy as a kind of memory and souvenir.