Save the Bachelor of Heaven

Xiang Nan has also done business, so he naturally knows this.

"I agree to quality check these products, and if there are defects, you can submit them normally." He said to Sam Walton, "I will let them continue to improve and strive to produce qualified products."

"Thank you for your understanding." Sam Walton breathed a sigh of relief.

He was really worried that Xiang Nan would force him to sell these goods no matter what. Then he'll be in trouble. If the quality of these products is not up to standard, he will not only face huge financial losses, but also cause damage to Wal-Mart's reputation.

At that time, under the double loss, he would not even directly give Xiang Nan 50 million US dollars.

"But your attitude must be sincere, and you can't be deliberately nitpicking." Xiang Nan added, "Otherwise, I also understand foreign trade, so don't try to fool me."

He inherited Li Yu's foreign trade experience and knew a lot about import and export trade. If the product is clearly qualified and Sam Walton refuses to purchase it, or seriously suppresses the price, he will not give up.

"No, no, as long as the quality is good and the price is reasonable, we will definitely purchase it." Sam Walton waved his hand quickly.

It is true that he loves money, but he cherishes his life even more. He didn't want to die suddenly and inexplicably one day because he offended Xiang Nan.

"Then I'm relieved and wish us a happy cooperation." Xiang Nan said with a smile.

"Happy cooperation." Sam Walton nodded.

…

Later, Sam Walton sent the samples sent by Xiang Nan to the quality inspection center for quality inspection, and found that the quality of the hardware produced by Yiwu was good.

But the styles of clothing are old, the spray paint on toys is substandard, the materials on accessories are substandard, and the dyes on home textiles are substandard...

Therefore, Wal-Mart Group decided to purchase hardware products from Yiwu first. As for other products, they must pass the quality standard before making large purchases.

Xiang Nan expressed his understanding of this result.

The development of domestic light industry is relatively backward. Compared with foreign technology, there is indeed a gap, and quality control is not strict.

This is normal. After all, the country has just opened its doors for business, and there is still a process of catching up and surpassing it.

Unlike the movie "Black Panther", Wakanda has been closed to the country for so many years, but its technology is far ahead of other countries. It's just a fool's errand.

Xiang Nan then called back to the mainland and told Qiu Yingjie about the incident.

"Brother Qiu, our hardware products are qualified. Wal-Mart Group is interested in purchasing them. In the next few days, they will send a purchasing team to Yiwu to purchase." Xiang Nan explained, "You should do a good job in reception, especially the quality of the products. Don't This time the chain drops.

There are some problems with clothing, toys, accessories, and home textiles. I will send you a report and rectification suggestions later, and you can see if you can make corrections. Then the corrected samples will be sent for testing. As long as the quality passes the standard, they are still willing to purchase them. "

"Okay, okay, okay, Daguang really thanks you this time." Qiu Yingjie said excitedly after receiving Xiang Nan's call.

Although only one of the products sent passed the inspection, the rest had more or less problems. But that's not a problem. The key is to connect with Wal-Mart, the world's largest supermarket chain giant.

This is equivalent to opening a trade route. No matter how narrow the trade route is at first and how thin the profit is, as long as you persist, the road will eventually become smoother and wider.

…

Xiang Nan then mailed Wal-Mart's quality inspection report back to the mainland.

After receiving the report, Qiu Yingjie worked with the manufacturer to make corrections based on the problems pointed out in the report and suggestions for improvement.

At the same time, Wal-Mart's purchasing group also went to Yiwu to inspect and purchase hardware products. Qiu Yingjie also accompanied the entire trip and was responsible for translation and tour guide work.

Finally, after half a month of inspection, Wal-Mart Group signed the first batch of purchase contracts worth US$5 million with several hardware factories in Yiwu.

If the follow-up cooperation goes smoothly, we do not rule out increasing procurement efforts in the future.

Everyone in Yiwu was naturally very happy about this.

Because in the 1980s, earning foreign exchange from exports was a very important thing.

At that time, domestic foreign exchange reserves were too small. In 1987, the national foreign exchange reserves were only US$2.9 billion, not even as high as Xiang Nan's net worth.

The significance of foreign exchange reserves is very great. Abundant foreign exchange can introduce more advanced technologies and products from abroad and stabilize the country's exchange rate. Resist financial risks and enhance international credibility,

This time, Yiwu sold goods worth five million US dollars at a time, which increased the country's foreign exchange reserves by 0.2%, which is quite impressive.

Moreover, these hardware factories in Yiwu will also gain millions of RMB in profits, benefiting thousands of employees and thousands of families behind them.

What's even more rare is that as the world's largest retail group, Wal-Mart has very strict product requirements. It can purchase Yiwu's small commodities, which in disguise guarantees the quality of Yiwu's small commodities.

From then on, Yiwu merchants can use it as a sign to help their products find more sales. Just like those old luxury brands in Europe, they all use the fact that they were once specially supplied to the royal family as a promotional selling point.

…

Subsequently, under the promotion of Xiang Nan, more and more small commodities in Yiwu entered the American market.

Such as toys, clothing, shoes and socks, bags, accessories, stationery, tableware, textiles, etc. By 1989, Yiwu's foreign trade had exceeded US$30 million, and in 1990 it had exceeded US$100 million.

Not only does export earn valuable foreign exchange for the country, it also greatly promotes Yiwu's economic development.

At the same time, in 1988, Qiaogu became pregnant.

At the end of the year, I successfully gave birth to a son.

Xiang Nan named him Chen Jikai, which means "carrying on the past and opening up the future".

At the end of 1988, on the first anniversary of the establishment of Daguang Private Equity Fund, Xiang Nan disclosed the profits of the private equity fund.

Under his management, the billion-dollar private equity fund has expanded to 1.7 billion U.S. dollars, which means that all investors made 70% of the profits within one year.

In comparison, the wealth management funds with the best performance on Wall Street only have an annual return rate of only 40%. Therefore, Xiang Nan's income is nearly double that of theirs.

Such glorious profit data made Daguang Private Equity Fund the darling of the investment community overnight. Xiang Nan has once again become the center of attention.

He had previously successfully predicted the 1987 stock market crash, and now it has been a year since the stock market crash.

According to the laws of the media industry, no matter how hot the news is, it can only maintain its popularity for at most half a month. What's more, a year has passed since the stock market crash, so Xiang Nan's popularity has faded.

But now, with his excellent performance, Xiang Nan has once again become the focus of the media.

After all, no matter how good a Wall Street fund manager is, his performance is far behind him. Earning 1.7 billion US dollars with one billion US dollars in one year is really beyond people's imagination.

Therefore, after such performance was exposed, a large number of customers flocked to the door, all wanting to hand over their money to Xiang Nan Investment.