Save the Bachelor of Heaven
Chapter 3910 3912 [Return to live in China]
Xiang Nan agreed to return to China with Qiao Gu.
On the one hand, as he said, struggle is inevitable. As a smart person, you should learn to plan ahead and not put all your eggs in the same basket.
On the one hand, there are many more investment opportunities in China today than in the United States. Apart from chips, the Internet, and smartphones, the United States has almost no other bright spots in the future.
In the mainland, real estate, the Internet, automobiles, restaurants, clothing... almost all walks of life are developing rapidly.
For example, in the game industry, in two thousand years, the scale of the domestic game industry was only 30 million. By 2023, the scale of the domestic game industry has reached 300 billion. In twenty years, it has increased ten thousand times, which is like a myth.
On the one hand, it is easier for people like him to go abroad. He now has his own private jet. If he wants to fly anywhere, he can basically fly wherever he wants.
For him, going abroad is as easy as coming home. He spends at least half of the year either on a plane or on his way to catch a flight.
Therefore, returning to China to live is not a big deal for him. It is just like changing to an inn in Hearthstone in "World of Warcraft".
…
Xiang Nan and Qiaogu then moved back to Yiwu.
Now that Chenjia Town has been merged into the urban area, many of the original villagers have moved upstairs, and Chen Jinshui, Chen Jintu and others have even moved into villas.
The decoration of the home is very luxurious and advanced, and it is almost the same as the mansion in Beverly Hills.
Xiang Nan and Qiaogu's previous wedding house was also demolished, so they moved back to China. They even bought a villa close to the two houses so that they could move around more and communicate more.
"I'm fine. I'm still banging when I go up and downstairs. You don't have to come back to stay with me." Chen Jinshui waved his hands when he learned that his daughter had returned to China to be with him.
"Dad, we are happy that you are in good health." Xiang Nan said with a smile, "We came back, firstly, because we were afraid that you would be lonely, and secondly, we wanted to return to our roots.
Although Liangyuan is good, it is not a home for long-term love. Although the United States is good, it is not as good as our country. Let me tell you, what I crave the most in America is this pickled food. Without Jinhua ham and winter bamboo shoots from Zanyu, the taste just wouldn’t be possible. "
"Dagang, you are right to think so. No matter how good a foreign country is, it is still not as good as our Yiwu." Chen Jinshui smiled in agreement.
In addition to moving back, Xiang Nan successively sold a number of assets to prepare for the upcoming subprime mortgage crisis.
…
In 2008, the subprime mortgage crisis broke out, triggering a financial tsunami that swept across the world and greatly affected China's economy.
The financial market is turbulent, exports are shrinking, and many factories are on the verge of bankruptcy due to lack of orders.
In comparison, because Xiang Nan strategized early, the private equity funds he managed not only did not suffer losses in the subprime mortgage crisis, but also took advantage of the low prices to absorb a large number of high-quality assets at low troughs.
In the Mood for Love Group, as early as 2005, it began to implement the "going global" strategy and actively opened up overseas markets. Especially Southeast Asia, Central Asia, West Asia, Eastern Europe, Africa, and South America are underdeveloped areas.
Although business has been affected by the subprime mortgage crisis this time and orders have declined, we have finally breathed more than others.
Moreover, during the financial crisis, when people’s incomes dropped, they paid more attention to cost-effectiveness when shopping. However, Yiwu manufacturing, which is cheap and high-quality, has seized a lot of markets.
By 2010, In the Mood for Love's exports had reached US$500 million, accounting for 40% of total sales. In addition, the online sales of Cao Xiang Nian Hua have also reached one billion yuan, accounting for 30% of offline sales.
It is expected that with the popularity of the Internet and smartphones in the future, online sales will soon exceed offline sales. Therefore, under Xiang Nan's suggestion, Chen Jianghe began to gradually eliminate offline stores and focus on online shopping and exports.
In addition to opening an online store, Chen Jianghe also invited Internet celebrities to promote his products, and created his own official accounts and Weibo accounts to attract traffic, and promoted his clothing through a series of measures.
Sure enough, within one or three years, with the promotion and popularization of smartphones, more and more people chose to shop online. The scale of online shopping became larger and larger, and it has gradually surpassed offline shopping.
Cao Xiangnianhua, which was the first to develop its efforts online, now has more sales than offline. Annual online sales exceed 5 billion yuan, making it one of the most popular clothing brands among young people.
…
In the same year, Zhang Jiuxiang and Chen Jintu passed away one after another.
However, when they died, they were already eighty years old, and they were considered to have died.
In the same year, after his son Chen Jikai graduated from graduate school, he planned to stay in the United States and start a business.
He majored in computer science at university, and the project he plans to create is AI. Chen Jikai believes that the future of computers is AI, which can free people's hands and feet so that they no longer have to work hard.
Xiang Nan respected his opinion and did not force his son to return to China. He also made the first round of angel investment for his son's inherit company.
With his connections in the American business and technology circles, Chen Jikai's inherit company has also received attention and investment from other consortiums and technology companies.
In 2015, after two years of development, inherit launched its first AI model, KAMA, which was widely discussed in the industry and successfully attracted a second round of investment. Among them are well-known companies such as Facebook, Google, and Microsoft.
In the following years, inherit continued to strengthen KAMA's capabilities and attracted more and more talents to join. The market valuation also became higher and higher, and it gradually became a favored unicorn company.
Chen Jikai also gained fame and wealth by virtue of his status as the founder of the company, which made Xiang Nan even happy for him. Although in the early stages of his son's business, he did give him a boost.
But the son's success today is mostly due to his own efforts, otherwise the mud would not be able to hold up the wall. So Xiang Nan is very proud of him.
…
In 1616, Chen Jinshui also passed away at the age of eighty-four.
Xiang Nan, Qiaogu, Chen Jianghe, Luo Yuzhu, Qiu Yingjie and others all came to see him off in person.
In his life, Chen Jinshui was kind and loyal, worked hard and never complained. Apart from being a bit stubborn, he had almost no faults, so the people in Chenjia Town obeyed him.
Now that he passed away, all the villagers who could come came to see him off. The funeral procession was huge, with thousands of people in it. This shows his popularity in the village.
Unlike Chen Jianghe and Luo Yuzhu in the play, who have retreated to the second line and are getting old, in fact, they are both in their fifties now. I can't say that they are in the prime of life, but they are also full of energy. They are still very motivated.
It's just that when Luo Yuzhu was young, she lived under a bridge for a long time, so she unfortunately contracted rheumatism, which caused some inconvenience to her legs and feet.
After Xiang Nan found out, he specially prepared some medicine for her, and she felt better after taking it. Now the two are gritting their teeth and want to develop Mood for Love into an affordable luxury brand like H\u0026M, Zara, GAP, and MUJI.
After all, it is the same T-shirt. The quality of H\u0026M, GAP, and Zara is not as good as theirs, but the price is several times higher than theirs.
A good T-shirt costs only RMB 50, while a T-shirt from Zara costs RMB 100 to RMB 200. The profit difference is huge.
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