Chapter 326 Pacific E-Commerce Company After Liu Hongying and the other person went south, Liu Hongmin visited major companies in Beijing. Jinpeng Construction Company has become a first-class real estate company in China, and has shopping malls and residential areas in more than 30 cities across the country. If it weren't for Liu Hongmin's strategy of borrowing less from banks and not going public, the development scale of Jinpeng Construction Company could have increased by at least ten or eight times. Ye Peng firmly implemented Liu Hongmin's strategy. Seeing other construction companies developing rapidly, he was not in a hurry. After the mall was built, it would take two to three years to get back the investment. After the community was built, all the houses could be sold out in two to three months. People all over the country know that the houses of Jinpeng Construction Company are cheap and have good surrounding facilities. All major cities in the country are trying to attract Jinpeng Construction Company to build shopping malls, so the land given to Jinpeng Construction Company is the best. Jinpeng Construction Company allows land to be used as shares, so these cities have a steady income. From a few million to tens of millions, and now to hundreds of millions of funds, it is a considerable income for any city. With this money, these cities will at least not worry about employee salaries. Therefore, they also reciprocated by setting up bus stops, subway stations, schools and hospitals around Jinpeng Community. Despite this, Jinpeng Construction Company has no intention of raising prices. Even if it is calculated based on 10-15 times the annual income of the local working class, the housing price is not the highest in the area. The houses in Jinpeng Community are the best, but the prices are not the highest, which means they are cheap for ordinary people. Therefore, as soon as the houses in Jinpeng Community were built, countless people started saving money and waiting for the houses to be sold. On the day of the opening, the sales office was crowded with people who wanted to buy houses. At most, five or six buildings were sold in one day. Relying on the recovered funds and the investment from the toy factory, Jinpeng Construction Company has maintained its benchmark position among domestic real estate companies with its huge cash flow. The intangible cultural heritage operation company has grown a lot now. Liu Hongmin is still the company's largest customer, and he customizes a lot of products every year. The company began to grow little by little with Liu Hongmin's money. The current intangible cultural heritage operating companies have commercialized most of the country's authentic intangible cultural heritage products, and then sold them to the world through Liu Hongmin's channels in Hong Kong.
Because they are handmade, Liu Hongmin directly benchmarked them against foreign handmade luxury goods, raising the price from a few thousand RMB to tens of thousands of Hong Kong dollars and then to tens of thousands of US dollars. Some individual products can even be sold for tens or millions of US dollars. As prices soared, intangible cultural heritage products also had collection value. Liu Hongmin gradually put his intangible cultural heritage products in auction houses, allowing people to bid up the prices and drive up the value of intangible cultural heritage products. Although most of the items were bought by him, he still put some of them up for sale, making a small profit of several million dollars every year. Liu Hongmin then paid these millions of dollars to the intangible cultural heritage company and exchanged them for intangible cultural heritage products. This formed a cycle, and Liu Hongmin would get a batch of intangible cultural heritage products for free every year. So far, the total value of intangible cultural heritage products in Liu Hongmin's hands has exceeded 100 million US dollars. After a few years, their value will at least increase tenfold. Golden Shield Security Company has branches in major cities. In addition to undertaking the security of Jinpeng Supermarket and residential areas, it has also taken on many cooperations in major cities and accepted security work in important public places such as hospitals and schools. There are also some important events, such as performances by art troupes, concerts by celebrities, and commercial performances in shopping malls, which are basically protected by Golden Shield Security Company. Liu Hongmin's most important thing is Dexing Tianxia Book Operation Company. In recent years, it has reached a strategic cooperation with Random House and Ming Pao Publishing House, and distributes hundreds of books to all parts of the world every year. Although these books are niche in foreign countries, they are still profitable when accumulated. However, Liu Hongmin is not interested in the meager profits, but the book sales channels established with Random House and Ming Pao Publishing House. With the development of the Internet, Liu Hongmin proposed that the three parties form a global book website. Random House is very interested in this. The logistics situation in the United States is very good now, which can fully support online book sales. It is not so good outside the United States, but as long as the pilot in the United States is successful, it is fully capable of being replicated in other developed countries. After several discussions, a cooperation policy was determined. The production of the website was handed over to Dexing Tianxia, which was actually Liu Hongmin's Internet company. For this reason, Liu Hongmin specifically asked Dexing Tianxia to take out some of the profits and acquire an Internet company under Liu Hongmin. This matter was handed over to Feng Kan, and the investment was completed in less than a month. The books were provided by Random House, which has its own book warehouse, where a large number of books are piled up. These books are the leftovers of Random House over the past few decades, and I originally thought of buying them as souvenirs in the future. After all, books that are decades old have a certain collection value. Now, when it comes to online sales, these leftovers have become an important resource for filling the platform’s supply. Think about it, a book can come out with more than a dozen or even dozens of versions. From the perspective of buyers, how complete is the supply of this website? Of course, this is not enough. In order to allow buyers to get books in the shortest possible time, Random House plans to build hundreds of transit warehouses. Considering the transportation problem, the railway conditions in the United States are very poor, so it is not the first choice for transportation. The highway conditions are much better and can be used as a supplementary option. Air transportation is the most reliable and fastest in the United States, so the first choice for building these warehouses is cities with airports. The second is shipping, but it can only be used in coastal cities and the Great Lakes region, which has geographical defects. After setting the tone of construction, Random House quickly selected the locations for warehouse construction, with air transportation as the main method, shipping as the auxiliary method, and land transportation as the supplement. However, building so many warehouses at once would be very expensive, and Random House itself would definitely not be able to afford it. So Liu Hongmin proposed to set up an online e-commerce company. After discussion, the name was Pacific E-commerce Company. Random House and Liu Hongmin were the main investors, each holding 30% of the shares. However, unlike Random House, Liu Hongmin divided the 30% shares into several companies. The investment company controlled by Feng Kan invested 15%, MGM invested 5%, Dexing Tianxia invested 5%, and other high-tech companies invested 5%. The remaining shares were invested by Hasbro and friendly enterprises, with Hasbro holding 10% of the shares. As long as Liu Hongmin's alliance with Random House and Hasbro was not broken, Pacific E-Commerce would be firmly in the hands of the three companies. (End of this chapter)