Chapter 172 Old Fox

When the product hadn't launched, Su Yehao was always thinking about it.

Now that an imperfect beta version was launched ahead of schedule, his attention quickly shifted again, and he turned to urging the employees to keep up the good work and release the Simplified Chinese version as soon as possible.

He had already contacted Yinhai.

Once Su Yehao needed it, he could push messages through WPS documents. Considering that there are now more than 100,000 WPS users in the mainland, he should be able to reap a wave of traffic and make the first generation of netizens firmly remember the "tAt" symbol.

Simplifying the Traditional Chinese version won't take much time, and Su Yehao is already eagerly anticipating it.

In this situation.

Su's father once again arrived in Hong Kong by yacht, and asked Su Yehao to invite Mother Tang out for dinner again.

It's a pity that the timing wasn't right this time. Mother Tang went to the mainland to discuss business, preparing to acquire an imported pharmaceutical agency company to promote medical devices and some drugs in the mainland. She was discussing with partners to obtain the Greater China agency rights and exclusively operate certain drugs.

Considering that the Tang family's Earl Medical Group has a lot of experience in this area, trying to open up new markets is never a bad thing. Recently, there haven't been many opportunities for the mother and son to meet.

Since he was already here, Su's father simply took the opportunity to invite Nangong Tian and Jiang Yu to dinner together.

One was a friend's daughter, and the other was the daughter of Secretary Jiang. Su's father knew them all. Strictly speaking, Jiang Yu was still his goddaughter.

Although he couldn't bring himself to ask Su Yehao how far things had developed, he knew his son well. Su's father was deeply skeptical about the "just staying temporarily" claim.

The remaining Wagyu beef and Hokkaido sea urchin, etc., had already been used to reward the employees, continuing to build teamwork and maintain good relationships.

Today they were eating at a restaurant in the Sihai International Building in Central. Su Yehao and the little girl sat on one side, and Jiang Yu sat next to Su's father. The topics were nothing more than "How's university life going?" and "Help supervise and take care of my little rascal."

At this moment.

Su's father remembered something and looked at Su Yehao, saying, "By the way, Qiu Yaohe, the son of your Uncle Qiu, came to me last time to ask for investment, remember?"

Eating authentic Shunde cuisine, Su Yehao took a sip of sour plum juice and replied:

"I remember, the talent who went to the mainland to be an agent for pager business. How could I forget? Has his business developed?"

Hearing a hint of teasing, Su's father nodded and said with emotion: "I met your Uncle Qiu and heard that he sold 200,000 pagers in three months. The business is very hot. I should have believed him once. I misjudged."

"What misjudged? The day lily business will cool down sooner or later. Even if his Qiu Yaohe can make a net profit of one hundred yuan for selling one machine, 200,000 pagers can only earn 20 million. Considering the investment amount, it's still unreliable."

Su Yehao unceremoniously poured cold water on him, there were no outsiders present, so he didn't need to be reserved.

His father continued: "The profit should be more than one hundred yuan, right? Retail franchise fees are also quite profitable, and the market has not yet been fully rolled out. I heard that Qiu Yaohe was also interviewed by television stations and is often invited to participate in some activities."

Su Yehao had indeed not considered the franchise fees of secondary agents beforehand, but he was still convinced that the pager was a sunset industry and would slowly disappear soon. He just said: "While you can make money, hurry up and make it. The risk of physical business is too high, and the competition is very fierce. There are companies manufacturing mobile phones everywhere."

Jiang Yu nodded and said:

"Nokia has just released a new mobile phone. It feels smaller and smaller, and the signal is much better than before. I remember when I was a child, my dad had to go to the roof to make calls, but now there is a signal in the basement."

"Hong Kong's small area makes it too convenient to build communication base stations. The north is much larger, and construction takes time and costs more. Even if you can afford a mobile phone, the call charges are a big problem. Pagers should be able to make some money."

Su's father had been in business for many years and believed that he had a clear understanding.

It's a pity that, like most people, he didn't realize how much the surging wave of information would impact people's lives.

If his old man had been interested in the Internet and the communications industry, Su Yehao wouldn't have guided him to the mainland real estate business. Although real estate is promising and profitable, it is still much worse compared to the Internet industry.

If Sihai International had started to transform half a year ago and invested in companies like Microsoft, Amazon, and Yahoo, the Su family's assets could have at least doubled by now, earning billions.

But Su's father was too cautious and had no interest in businesses he couldn't grasp.

Moreover, Su Yehao was also dizzy at the time and didn't insist on persuading him, thinking that having so much money was enough.

Nangong Tian was drinking soup. She was not at all interested in the topic about Qiu Yaohe. She took the opportunity to interject:

"Uncle Qiu's son lost a lot of money developing new drugs before, right? Pagers are a backward industry. If you want to talk about making money, Brother Hao is the best!"

Hearing this.

Jiang Yu's mouth twitched, and the phrase "love makes people impulsive" flashed through her mind.

When it came to defending Brother Hao, Nangong Tian was as firm as ever, even in front of Su Yehao's father.

Su Yehao was also dumbfounded. He reached out and rubbed the little girl's head, telling her:

"Of course, I am the reincarnation of the God of Wealth. Whoever I point to will get rich. If I had my way, I would take the idle funds on Sihai International's books to first buy Yahoo, Amazon, or Nasdaq index funds and stock funds. The money to build buildings in Pengcheng could be earned back quickly, but my dad is stubborn and doesn't want to listen to me."

Su's father looked at Nangong Tian seriously, smiled knowingly, and said, "I'm still here, it's not your turn to worry. Don't think you're so great just because you've made some money. Success too smoothly right from the start is often not a good thing, and it's easy to stumble in the future."

Being lectured by elders is normal, and Su Yehao is used to being splashed with cold water.

His mother splashed him, then his grandfather, and after his grandfather, his father. Su Yehao listened to it as if it were a breeze.

He said to his father, "If you don't approve of my vision, buying funds is always okay, right? Anyway, it's just for temporary wealth management. I can recommend a few to you. I wouldn't be stupid enough to harm our family. If I lose money, I'll subsidize you out of my own pocket. I feel bad seeing you put your money out there and only earn a little interest."

"An annual return of 13% to 15%, and it's still stable. Is that bad?"

Su's father was stubborn, but in recent times, seeing his son making big money one after another, he inevitably got a little carried away.

Therefore, he added: "Help me find some when you have time. If it's buying American funds, it's barely okay. The main thing is that I'm worried that the Hong Kong dollar will collapse one day, and the money will be wasted. Converting it to US dollars is a little safer."

Hearing about American funds, he immediately thought of currency devaluation. The so-called old fox refers to shrewd and experienced businessmen like Su's father.

Su Yehao secretly sighed at his own stupidity.

If he had known, he would have used the reason that "the Hong Kong dollar may depreciate" to pull his father in to buy the dip some time ago. Maybe he could have succeeded.

Nodding, Su Yehao said, "Okay, leave the matter of finding projects to me. In addition, I plan to continue to borrow a sum of money and would like you to sign a guarantee for me."

"...Want to borrow again? You're really greedy, how much money is it this time?"

"Four hundred million Hong Kong dollars, borrowed from Dai-Ichi Kangyo Bank of Japan. The interest rate is relatively low. Japanese banks are going bankrupt one after another, so the discounts are very large."

Su Yehao's success has earned him a lot of favor from his father, and there are also previous profits to fall back on.

After all, he is the only son, and Su's father readily agreed.

Then they talked about the loan.

Su's father was planning to take advantage of the suitable land price to mortgage the Sihai International Building under his feet to buy land.

Buy land on Taipa Island in Casino, to build shopping malls and office buildings, plus a few high-end residences. He is very optimistic about future development.

Cashing out in time before the financial crisis, the risks that now frighten others have become opportunities in the eyes of Su's father. He is trying to take advantage of the opportunity to expand, trying to take another step or two forward...