267 The Angry Wang Dehai (2/2)
”I am being considerate of the Wang family's assets. Especially since the tech company’s market cap can’t be calculated this way. Future Technology is highly profitable now, but they only managed to do so because they formed a monopoly. With the rapid pace of technological transformations, once a similar artificial intelligence system exists, or phone enhancement programs are introduced, it would be impossible to maintain their current profitability levels,” Wang Linhua argued for his own perspective.
Wang Linhua’s perspective was certainly not without reason. People were willing to spend 10 RMB a month to upgrade to VIP1, which was for the phone enhancement function as well as a battery saver. Once a free replacement is introduced, even if the functionality was weaker compared to Future 1.0, it was not hard to believe some users would choose the free app.
With the rapidly changing landscape of technology, in his view, it was entirely possible.
But what he didn’t know as an outsider to the industry was that all the major tech companies had lost countless brain cells trying to crack the encryption technology of Future 1.0 and could not break a single function of Future 1.0.
Because of this, the investors were very interested in Future Technology.
To Wang Linhua’s explanation, Wang Dehai was clearly not pleased. But since he already yelled at him, he let out some of his anger. And based on the consideration that Wang Linhua was not wholly to be blamed as he was the person who agreed to this, Wang Dehai took a deep breath and put that aside for now.
Seeing that Wang Dehai’s expression became more relaxed, Wang Linhua also felt relieved.
Wang Dehai picked up the teacup from the table as he soothed his throat. ”Let’s not talk about this, for now. You mentioned the transitioning of Linhua Group, how is that going?”
Since the conflict had already occurred, it was pointless to be angry about it. Compared to Future Technology, Wang Dehai was more worried about the Wang family’s assets. As the general secretary of Wanghai City, he certainly knew the dire circumstance Linhua Group was in.
It was fair to say, the reason that Linhua Group could acquire bank loans was partially attributable to Wang Dehai’s reputation.
When he heard Wang Dehai ask about Linhua Group, a proud expression appeared.
”Haha, I was about to bring some good news. We recently received a ten billion USD construction contract.”
”Ten billion?!” Even to Wang Dehai who had seen the ups and downs of life, he still exclaimed out of shock.
”That’s right, and it is a contract from overseas!” With an ecstatic expression, Wang Linhua continued, ”The contract has been signed with an expected direct profit of over five billion! The 110 square kilometers of land on the main island as well as the 70 square kilometers on a nearby island used as payment for part of the contract, could double in value in five years based on the potential of Pannu Islands! Without exaggeration, once we finish the deal, Linhua Group’s value could break one hundred billion RMB!”
Wang Dehai finally nodded his head, pleased.
Misfortune may be an actual blessing.
Although the ten billion market cap of Future Technology had left Wanghai City, it created a Linhua Group with a one hundred billion market cup.
The expansion into the international market had solved the dire situation the Wang family's assets had faced.
Wang Dehai’s mood became a lot lighter.
The only issue was if he could still laugh so brightly in a few months time.
Translator's Thoughts
_Min_
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