My Daily Basic Stipend Is 10 Million

Chapter 177: Chapter 161: Intensive Offensive

After processing all the approval documents in her office, Xu Wu stretched.

Then she flipped through the latest financial news.

"Tianqi Auto Announces Bankruptcy"

Xu Wu’s interest was suddenly piqued. She’d looked into Tianqi Auto before and hadn’t been optimistic about the brand.

Its strategy was too niche and aggressive, aiming to stun the market from day one.

From its inception, the company focused on the high-end luxury car market, with its models priced between 300,000 and 700,000 yuan.

The pricing did indeed target the high-end demographic. However, this was at a time when established luxury brands like the German Big Three were constantly cutting prices to maintain sales volume, and numerous domestic brands were also sacrificing price for market share.

’How could a brand with no reputation or proven technology possibly break into the luxury market!’

’Can you offer the kind of emotional value that affluent buyers are looking for?’

’Spend over 300,000 on a car from the German Big Three, and its reputation speaks for itself. Spend over 300,000 on a Tianqi, and you’re left struggling to justify the purchase.’

’A brand with no technology, no marketing savvy, and insufficient funding... barging into this market was simply a death wish.’

Well, now they’re insolvent and have no choice but to declare bankruptcy and restructure.

’The saddest part is, what value is there in acquiring a brand like this? Other than some decent exterior design, it has nothing to offer!’

After reading the news, Xu Wu was lost in thought for a long time. She considered calling Chen Xiao, but then decided against it.

She decided to conduct some on-the-ground research first. She’d present Chen Xiao with a detailed proposal before they committed. Even though she had over 10 billion in her accounts, if they were going to jump into the new energy vehicle sector, that money could be gone in six months if things went south.

On his way back to the office, Wu Fang received a message from President Wang.

"Sir, there’s a local restaurant near us called Hu Hai Restaurant. They specialize in wild-caught lake fish and seafood. It’s usually impossible to get a reservation, but I got lucky and booked a table yesterday. What time do you get off work this afternoon? I’ll come pick you up!"

’Look at that,’ Wu Fang thought. ’President Wang, for an order of just a few hundred thousand, and with nothing even remotely finalized, is being this courteous.’

’Then there’s Chen Xiao. I gave him a 10 million yuan order, and all I got was a glass of water.’

’The difference between people is just staggering.’

He messaged back, telling him to pick him up after work, then hurried back to the office with the contract.

Zhao Hui had requested this contract be fast-tracked. Junxiao Square wasn’t like the old Wansheng, where getting a single document stamped and approved required going through a dozen people.

Now, all it took were signatures from Zhao Hui and Xu Jun to get the official seal.

Xu Jun had no intention of blocking this "weird" contract. He knew the head office must have a hand in it, and he wasn’t foolish enough to get in the way.

Once the contract was signed, Zhao Hui told Wu Fang to get accounting to process the payment immediately.

’If this hadn’t been approved by the parent company,’ Wu Fang thought, ’I’d suspect Zhao Hui was colluding with an outside party to embezzle funds before skipping the country.’

Who signs a contract and pays out the money this quickly?

But his boss had ordered it, so he had to comply. He had thought President Xu Jun would surely question it.

But when he took it to Xu Jun for his signature, Xu Jun just paused for a moment, said nothing, and signed it.

Chen Xiao received a message from Zhao Hui informing him that the 10 million yuan from the Junxiao Square order had been transferred.

He told Ma Jing to have the finance department confirm the transfer and then to process his bonus.

Payments from the other companies weren’t this fast. Junxiao Square was a special case.

’Still, it made sense,’ he thought. ’If I couldn’t even get my own money out promptly, I’d really be doing this for nothing!’

"DING! The Host has received a 500,000 yuan bonus from Dr. Feng’s Robot. Awarding a Diligence Reward bonus of 21,000,000 yuan!"

He immediately transferred 10 million to Junxiao Capital’s account and told Xu Wu to arrange for it to be sent to Junxiao Square’s expense account as a "corporate subsidy."

He still netted 11 million, and that wasn’t even counting the bonus he’d soon be getting from Zhi Fei Aerospace.

Of course, a large portion of that 10 million was for services to be provided by Zhi Fei Aerospace.

’Others might freeload, but he was freeloading on multiple levels. Double the joy!’

The operations department at Junxiao Square was also doubly joyful. The parent company was incredibly generous. Approving a 15 million yuan marketing budget had already made the operations and planning department feel flush.

And now another 10 million had arrived. They felt like shouting, "Who else can compete with this?"

With such an enormous budget, Junxiao Square was having its official grand opening this weekend. If they couldn’t pull off a spectacular launch, they’d have their heads on a platter.

When Junxiao Square first took over from Jiangzhou Wansheng, the mall had remained open for business as usual. But since it was a weekday and everyone wanted a big grand opening, they decided to treat the days leading up to the weekend as a soft opening period.

The grand opening was set for the weekend. The planning department was now pushing out a massive promotional campaign, and they planned to distribute 2 million yuan in cash-back shopping vouchers within the next month.

Before that 10 million from the parent company had been transferred, they hadn’t dared to advertise the voucher campaign. It would have been a disaster if the funds hadn’t come through.

Now that the funds were in place, the planning department immediately launched their promotional plan.

Simultaneously, the operations department had the floor managers notify all retailers of the grand opening date and the mall’s promotional plans, requiring them to prepare matching sales events of their own.

They also needed to confirm the cost-sharing ratio for the vouchers with each retailer.

Most of Junxiao Square’s management staff were holdovers from the original Jiangzhou Wansheng team. These employees still communicated privately with their former colleagues.

Thanks to these connections, plus the promotional posts being shared on social media, the news immediately reached the Jiangzhou Wansheng Region and landed on Peng Yu’s desk.

"Holy shit!" Even someone as composed as Peng Yu couldn’t stop himself from cursing out loud.

"I worked my ass off to get a measly 500,000 to try and make a splash, and you motherfuckers just drop 2 million? This is just bullying!"

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