Becoming Rich with Daily Scavenging APP-Chapter 560: Japanese Business Mindset

In his conversation with the reporter, Chen Yiyang firmly expressed his lack of optimism about Yonghui.

"But I heard that you currently hold quite a lot of Yonghui’s shares?" the reporter continued to ask.

"I’ve already sold them," Chen Yiyang replied, "I no longer hold any shares in Yonghui."

Chen Yiyang’s decisive stance made the reporter realize he truly did not favor Yonghui.

After all, for someone like him, if he publicly stated his plans during an interview, it could result in considerable reputation loss afterward.

There might also be suspicions of stock price manipulation.

After completely cutting ties with Yonghui, Chen Yiyang no longer paid any attention to it.

Even though he didn’t understand why Mingchuang Youpin wanted to acquire Yonghui, given the management team’s limited vision, Yonghui was essentially in a countdown to obsolescence.

After Chen Yiyang withdrew his investment and acquisition of Yonghui, his statement caused Yonghui’s originally recovering stock price to drop significantly again.

In the end, Mingchuang Youpin spent about 6 billion to purchase 29% of Yonghui’s shares.

Zhang Xuansong originally thought this would be a relatively safe number.

The shares Mingchuang Youpin held did not grant them veto power, allowing Yonghui’s existing management to maintain a certain degree of influence.

But who could have thought Chen Yiyang would sell all his shares to Mingchuang Youpin?

As a result, Mingchuang Youpin eventually held about 38% of the shares.

This meant Zhang Xuansong effectively lost absolute control over Yonghui.

Zhang Xuansong and Mingchuang Youpin initially agreed on three board seats each.

But after the acquisition, Ye Guofu forcefully rejected Zhang Xuansong’s proposal to add another board seat, keeping the board at five members, with Mingchuang having three and Yonghui two.

Nonetheless, despite the investment, Yonghui’s market value increased significantly.

This was not because everyone favored Yonghui.

Because, correspondingly, after acquiring Yonghui, Mingchuang’s own market value began plummeting.

Within a few short days, it dropped by about 6 billion.

It was as if Ye Guofu spent 12 billion to buy 30% of Yonghui’s shares.

Indeed, it wasn’t just Chen Yiyang who couldn’t understand Mingchuang’s acquisition of Yonghui. Other than Ye Guofu himself, investors also couldn’t fathom why Mingchuang Youpin acquired Yonghui.

The mass exodus of investors reflected this sentiment.

Ye Guofu, however, remained obstinate, claiming he wouldn’t err in the retail sector and asked for more patience.

But the market’s response was another 1 billion drop in Mingchuang Youpin’s shares.

"Hahaha," Wu Changxun laughed in a call with Chen Yiyang, ridiculing Ye Guofu, "Tengxu bought shares for 500 million, and eventually they were worth less than 100 million. Turns out there are other fools."

"With those shares from Tengxu, I made 500 million," Chen Yiyang said.

"No worries, that money was yours to make," Wu Changxun replied nonchalantly.

"Right, about the task I entrusted to you."

"Oh, oh, I made contact. They are very welcoming of your investment."

Chen Yiyang had asked Wu Changxun to use his connections at Tengxu to find some companies dealing in refrigeration equipment.

Since refrigeration equipment is indeed a niche field domestically, Chen Yiyang’s team couldn’t immediately find contacts within this industry, so he entrusted Wu Changxun for help.

The reason Chen Yiyang became interested in refrigeration was due to a tip from the leak intelligence prompt.

Today’s intelligence, the rise of the refrigeration industry: major changes are set to occur in the future, investing in this industry now could result in great gains.

This time, the leak intelligence prompt was about an entire industry, with no additional contact information provided, so Chen Yiyang had to find appropriate equipment manufacturers himself.

After receiving several contacts from Wu Changxun, Chen Yiyang discovered a nearby equipment manufacturer in Shanghai, so he called to invite them to Lin’an for a chat.

The high-speed train from Lin’an to Shanghai takes only a few hours, so the other party promptly took a train and came over.

"Hello, Boss Yu."

"Hello, Mr. Chen." This refrigeration equipment industry leader, Boss Yu, quickly bent down to shake hands with Chen Yiyang.

After sitting down, Boss Yu took the lead. "Mr. Chen, are you also aware of the upcoming patent expiry and planning to make a move in the refrigeration field?"

Uh.

Chen Yiyang wasn’t aware of what was happening in the refrigeration industry; he was merely acting on the leak intelligence tip, hoping to seize some opportunities.

However, with Boss Yu here, Chen Yiyang had to say otherwise.

So he thought for a moment and said, "I’ve learned a bit, but perhaps Boss Yu could elaborate more?"

"Of course." Boss Yu eagerly agreed and began explaining the upcoming changes in the refrigeration industry to Chen Yiyang.

It all started with Japan’s business practices.

Japanese companies have always preferred monopolizing.

Back in the 90s, when the world was still using big CRT TVs, Japan had already developed LCD and plasma prototypes in the labs and applied for all the possible patents.

Logically, after securing patents, one would first produce the products, earn money, then improve the process and eventually license the patents to other manufacturers, making money together over time.

This is a common business strategy worldwide.

But the Japanese companies thought otherwise; they didn’t plan on manufacturing at all. They intended to sit back and collect royalties, essentially leeching off other companies for decades.

But the other companies weren’t fools; no one would let the Japanese profit that easily.

So, major companies reached a consensus; if Japan doesn’t produce, neither will we.

Unable to bypass plasma patents, they just gave up and collectively figured out a way to circumvent the LCD patents, earning Japan nothing from them.

Yet the Japanese didn’t learn from this at all.

The same happened during the hydrogen energy era, where Japan applied for all key hydrogen energy patents, just waiting to collect royalties.

So, China and the US shifted their focus to electric vehicles, opting out of Japan’s hydrogen energy race, leaving Japan to develop the infrastructure alone.

Japan couldn’t do it alone because their domestic market was small, and capital and technology were not as strong, leaving them clinging onto hydrogen patents, foolishly waiting.

In Huaxia, although hydrogen energy wasn’t developed, related technological reserves were continuously built, waiting for Japan’s patents to expire to develop hydrogen energy.

Sometimes, it’s pretty challenging to understand the Japanese.

Most would first invest in building roads, then erect toll booths to earn money slowly, making it uneconomical for others to build alternative routes.

But Japan’s original mindset was to build roads, erect toll booths, charge exorbitant fees, pushing others to collectively fund alternative routes after a few years of toll payments.