Chapter 474: Chapter 476 Qian Du Company
People turned their heads one after another, and the bidder was a young man whose appearance was a bit hard to look at.
To put it delicately, his features were not harmonious, but more bluntly, it was quite hideous.
Qin Hao narrowed his eyes slightly when he saw the young man, because he recognized him, the person who had caused trouble at Yuhao Media last time.
Qin Hao had not expected to encounter him here.
Many people turned to look at Qin Hao to see what expression he had.
Li Fengyu was also looking at Qin Hao, his face carrying a provocative expression.
...
Many of those present knew Li Fengyu, not because his Nanhu Real Estate Company was famous, but rather because of the person beside him.
Li Qiandu, the founder of Qian Du Company, one of the three internet giants of Xuan Country.
Although Qian Du Company had fallen a bit behind the other two internet giants recently,
it remained one of the top three giants among internet companies and still held the top spot in search engine rankings in Xuan Country.
“Sixty million,”
Qin Hao once again called a bid.
“Sixty-five million,” Li Fengyu, unwilling to yield, raised the price again.
Qin Hao sneered, “Seventy million.”
“Congratulations, Mr. Qin.” Li Fengyu did not call another bid, fearing that if he continued, Qin Hao might drop out.
Then he would be stuck with it, as the market value of this large clothing factory was around fifty million. Making Qin Hao pay an extra twenty million also pleased him.
Qin Hao sat there impassively, his expression unchanged.
Zhao Qian was a bit angry, “Who is this guy? Is he sick?”
Zhao Dongqiang hurriedly said, “Xiao Qian, don’t talk nonsense, this man is the son of the Qian Du Company’s CEO.”
His words were actually meant for Qin Hao.
Qin Hao narrowed his eyes slightly, Qian Du Company? Just a declining internet company, not at all comparable to Longteng Group and Amao Net Shopping.
Tenglong Group held the biggest social chat software in Xuan Country and was also involved in games, film, entertainment, and various other industries.
They were the real juggernaut of the Xuan Country internet, with Amao Net Shopping as the top e-commerce platform in Xuan Country with over a hundred million in traffic, and annual transactions over a trillion, which was quite terrifying.
Moreover, Tenglong Group and Amao Net Shopping Group each held one of the two major mobile payment applications.
Now, many people had already excluded Qian Du Company from the top three of Xuan Country’s internet giants, with more people preferring to call it the two giants of the internet.
Because Qian Du Company had not kept up with the mobile internet era.
The mobile internet era is the era of widespread smartphones, where everyone can access the internet via their smartphones.
Visit freewebnoveℓ.com for the best novel reading exp𝒆rience.
Tenglong Group’s app had hundred-million level chat and dating software users, as well as a hundred-million level mobile game users.
Amao Net Shopping had an e-commerce app and a mobile payment app, each with over a hundred million in traffic.
And Qian Du Company did not have a mobile app with significant user traction.
Tenglong Group and Amao Net Shopping Group’s market value was six to seven hundred billion Federation dollars, while Qian Du Company had not even reached one hundred billion Federation dollars.
Before the mobile internet era, Qian Du Group indeed counted as one of the top three internet giants.
But following the mobile internet era, they had not kept up with the times and were left far behind by the leading two giants.
However, Li Qiandu’s enthusiasm had not waned; he was committed to researching AI artificial intelligence.
If he could develop this, he believed that the market value of Qian Du Company could definitely surpass that of Tenglong and Amao Net Shopping.
Currently, Qian Du Company was in the research and trial phase for their artificial intelligence system and intelligent driving.
In the area of artificial intelligence technology, Qian Du Company was leading other internet companies.
…
The auction for the second large clothing factory had already started, with the starting bid the same as before.
There weren’t many bidders because not many had come for the clothing factory.
“Fifty million,”
Someone from Beihai Country’s Good Clothes called the bid.
This price directly deterred many because that was about the market price of this clothing factory.
Moreover, most of the people here did not come for this purpose.
“Fifty-five million,” Qin Hao suddenly declared.
Many people turned their heads, wondering what Qin Hao was up to. Did he intend to buy all the factories owned by Ruixing Group?
Now, Huafei Clothing indeed needed these garment and textile factories, but acquiring all of them would require a significant amount of capital.
Huafei Clothing had about fifty to sixty million in working capital, which was quite good, but it was impossible for them to come up with so much money.
Zhao Dongqiang was stunned for a moment, “Mr. Qin, this…”
With seventy million in working capital for Huafei Clothing, Qin Hao’s new bid was akin to injecting capital into Huafei Clothing.
As a shareholder, Zhao Dongqiang had to contribute money, or else he would have to use his shares to offset it.
Qin Hao said, “Don’t worry, Mr. Zhao, your shares will not change, I hope the company can develop quickly.”
If all the garment and spinning mills under Ruixing Group were acquired, it would be significant for Huafei Company.
“Sixty million,” the person from Liang Yiku hesitated for a moment before raising the bid again.
“Sixty-five million,” Qin Hao did not hesitate.
The person from Liang Yiku did not raise the bid again because the price was too high.
“Seventy million,” Li Fengyu suddenly spoke up at this time.
The whole venue was taken aback. If the first time was a coincidence, what about the second time?
Everyone realized that Li Fengyu was specifically targeting Qin Hao.
“Eighty million,”
Qin Hao’s expression turned slightly cold as he looked at Li Fengyu.
Li Fengyu did not raise his bid again; he was just trying to annoy Qin Hao.
Afterward, Qin Hao successfully bought the four major garment factories, with the lowest price being seventy million, and a few reaching eighty million.
Acquiring these garment factories cost Qin Hao approximately four hundred and forty million in total.
The prices were somewhat high, but Qin Hao did not care.
Although the money could have been used to build several large garment factories, that would have taken several months.
Even though more money was spent now, Huafei Clothing could completely make up for the extra expenditure in a few months, and even make more.
Therefore, Qin Hao did not mind spending a bit more, but being targeted like this made him quite uncomfortable.
The competition for the spinning mills was not intense, involving only Liang Yiku, Qin Hao, and the troublemaker Li Fengyu.
Li Qiandu did not stop his son, feeling quite displeased after knowing Qin Hao hit his son.
Although Qian Du Company was currently on a downward trend, his son was not someone to be bullied by just anyone.
Qin Hao bought the four spinning mills, spending nearly four hundred million, adding up to nearly nine hundred million in total transactions.
Due to Li Fengyu’s troublemaking, Qin Hao ended up spending at least two hundred million more.
While everyone was amazed at Qin Hao’s financial strength, they also looked at the expressions of Li Fengyu and Li Qiandu.
The two parties definitely made enemies this time.
Offending this kind of internet company was of no benefit to Qin Hao.
Because Qian Du Company could sanction you, while Qin Hao’s company couldn’t sanction Qian Du Company.
Qian Du Company is a search engine company, essentially located at the gateway where all citizens access the internet.
Only with the approval of Qian Du Company can one enter this gateway, allowing citizens to search multiple websites!
Moreover, Qian Du Company holds over seventy percent of the market share in Xuan Country’s internet search engine market.
The rest of the market share is divided among subsidiaries of Longteng Group and Amao Net Shopping.
Seventy percent market share means clearly: out of a hundred people accessing the internet, over seventy use Qian Du Company’s search engine.
[End of the fourth update, no more for today]