Chapter 154 Jiangzhou Machinery Factory's Only Rescue Plan
The first person to react was "Southern Finance" (please don't take this as a fiction). Southern Finance is a well-known financial magazine in Xia State. It is famous for its fast and accurate news reporting.
When IDG was about to invest in Penguin, "Southern Finance" immediately broke the news about it, and finally proved that "Southern Finance"'s revelations were true.
This time, "Southern Finance" directly quoted news from Wall Street, causing a small sensation in the financial and technology circles.
There are three reasons.
The first is that the world is still in the midst of the bursting of the Internet bubble, and many international capitals are avoiding Internet technology companies. Most capitals are looking for ways to cash out instead of continuing to invest.
IDG is willing to retroactively invest in Xia Guo's Internet companies, which shows that he is very optimistic about Xia Guo's Internet market. Xia Guo's Internet market is likely to start to rise with the help of the bursting of the global Internet bubble.
The second reason is that no one has heard of the company IDG invested in, and it is a real start-up company.
Regarding the identity of the founder, there is no more information from media including Southern Finance, which adds a sense of mystery to Yuedong Internet.
The third reason is that this company is located in the backward inland city of Jiangzhou, which is very surprising.
It stands to reason that most of Xia's Internet companies are concentrated in first-tier cities such as Yanjing, Shenzhen and Shanghai, and will almost never appear in second-tier cities. Let alone backward second-tier cities like Jiangzhou.
Therefore, Yuedong Internet makes reporters and capital curious.
A company that no one in the country knows about has been invested by an internationally renowned venture capital institution for US$3 million. This is a big event in itself.
Starting from "Southern Economics", various domestic media and related capital are paying attention to Sports Internet.
They found that Yuedong Internet was really unfamiliar, and its founder was also unfamiliar.
"The micro start-up company has received US$3 million in international investment, setting a benchmark for the development of small and micro private enterprises."
"Internet companies are favored by foreign capital, and the Xiaguo market will be the blue ocean of the Internet."
In this wave, Chen Xiao gained more than 20 points of influence.
This also illustrates a problem. As long as his own products or technologies come out, even if the other party does not know that these things were invented by Chen Xiao, Chen Xiao can still gain corresponding influence.
From now on, Chen Xiao will be more at ease focusing on the research and development of technological products.
The news spread to the relevant departments in Jiangzhou City, and the relevant departments also attached great importance to it.
After all, this is the first private enterprise in Jiangzhou City to receive investment from international capital, establishing a good business and entrepreneurial environment in Jiangzhou City, and setting an example for all private enterprises.
Relevant departments in Jiangzhou City also sent staff to provide relevant service measures to Yuedong Internet.
After all, it is the first company to receive an investment of 3 million yuan, and the relevant departments still attach great importance to it.
Chen Xiao had something to do at school, so he left the matter of dealing with relevant departments to Wang Xiang.
Wang Xiang used to work in Delong and was familiar with these things.
Jiangzhou City has decided to regard Yuedong Internet as a typical private enterprise with successful entrepreneurship, so it has also given some help in terms of policies.
For example, a series of measures such as tax exemption for Yuedong Internet for three years, tax halving for five years, etc.
There are indeed many benefits to getting the attention of relevant departments. In the future, whether it is commercial loans or processing some documents, the efficiency will be much higher.
After the cooperation with IDG is completed, Chen Xiao still has more important things to do.
The off-white office building was built in the 1990s, and the windows are blue reflective glass. This building was once one of the most dazzling buildings in Jiangzhou City, and has a strong sense of age.
Zhang Biao was smoking one cigarette after another in the general manager's office.
He is under great pressure now.
Although Jiangzhou Machinery Factory is a state-owned enterprise, Zhang Biao has been operating there for many years and has many businesses of his own in it.
Such as the procurement of raw materials, waste processing, product sales, etc.
Zhang Biao invested real money in these businesses.
Now Zhang Biao is under a lot of pressure. On the one hand, it is the pressure placed on him by his superiors, asking him to properly handle Jiangzhou Machinery Factory and find new buyers for Jiangzhou Machinery Factory.
On the other hand, Zhang Biao did not expect that the impact of Western and coastal products would be so great.
He privately invested millions in the purchase of raw materials for the machinery factory, the disposal of used products, etc. Now the funds are stuck there with no way to get them out, and there is no way to stop the loss.
Now Zhang Biao's only extravagant wish is for someone to take over the deal as soon as possible. As long as someone takes over, he will find a way to use part of the funds to make up for his shortfall.
"Mr. Wang! Okay, okay, I understand, come down and get together again!"
"Mr. Liu, I know, I know! Life is difficult now, and we have solved the personnel problem! All workers have been laid off, and relevant departments will provide compensation. The factory is very clean, don't worry...ah...that's it
, Okay, okay, I understand.”
This is the 12th call Zhang Biao has made. He has already contacted the heads of well-known companies in the industry, and everyone is having a hard time.
Moreover, Jiangzhou Machinery Factory is a behemoth, and these bosses simply do not have the strength to acquire it.
And everyone knows that Western countries have invested in mechanical processing plants in coastal areas, and the products produced are of lower quality and better prices than domestic ones. If you buy Jiangzhou Machinery Factory at the cusp of this crisis, you will really be a keyboard warrior.
Feeling a little tired, Zhang Biao put down the landline phone in his hand.
He broke out in a cold sweat. If he couldn't find someone to take over the deal within this month, he wouldn't be able to get the funds.
Then those raw material suppliers will come to collect payment, and when the incident comes to light, it will be impossible to hide the fact that he is using the public for personal gain and doing private business under the guise of a public company.
It's not just as simple as losing money, it may mean going to jail.
Zhang Biao couldn't handle such a big thing.
At this time, the relevant departments of Jiangzhou City made a call.
"Hello, Leader Wang." What did you say? Is there anyone willing to acquire our machinery factory? Okay, okay! I have all the information here, I'm sure!"
"Do you know which company it is?"
"Changtian Technology? Why haven't you heard of this company's name?"
Zhang Biao was very confused. After all, Jiangzhou Machinery Factory was very large and could not be completed with one or two million.
Zhang Biao had heard of the powerful machinery factory, but he had never heard of Changtian Technology.