My Daily Basic Stipend Is 10 Million

Chapter 208: Chapter 171: Beat Them into Submission

The developer of Tianlong Square was a 63-year-old man named Mei Fang. He was a short, unassuming old man, and his daily expenses weren’t particularly high.

But he had one expensive habit: keeping mistresses!

Not only did he keep mistresses, but he also funded their businesses. Rumor had it that the companies belonging to his various mistresses each lost millions a year.

The money he earned from this project wasn’t even enough to cover those losses. Word was that one of his young lovers had recently conned him into funding some kind of portable CT scanner project.

He’d poured in tens of millions, but so far they hadn’t produced a single thing. The whole venture was a complete disaster!

Due to this situation, Xu Jun contacted him with an offer to acquire Tianlong Square. Mei Fang didn’t reject it outright—he was willing to talk, but his asking price was a bit high.

Xu Wu asked bluntly, "How high?"

"1.7 billion!"

That was indeed high—200 million more than their acquisition of Jiangzhou Wansheng Square. While Tianlong Square was nice, it was on par with Junxiao Square at best. 1.7 billion was definitely expensive.

"Is that price negotiable?"

Xu Jun considered this carefully before replying, "There won’t be much wiggle room. Although Mei Fang is desperate for cash right now, he could easily secure a bank loan for this project, so he’s in no rush to sell."

On the other end of the screen, Xu Wu was tapping away on her calculator, presumably calculating the return on investment. Chen Xiao found this amusing, forgetting that while he had his Wisdom Eye, Xu Wu did not.

As if she had been watching his expression, Xu Wu immediately asked, "President Chen, what are your instructions?"

Chen Xiao chuckled. "For a deal in the billions, President Xu can make the call. No need to ask me!" He had actually already used his Wisdom Eye. The return on investment wasn’t high, but as long as he didn’t lose money on these heavy-asset acquisitions, he was satisfied. He wasn’t counting on a quick return of capital.

When Xu Jun and Zhao Hui heard this, their worldview was shattered. ’A deal worth over a billion and he doesn’t even ask questions? At this rate, this hands-off boss might just manage the company right into the ground!’

The Wansheng Group was a powerhouse, yet even their top boss would never dare say a project worth hundreds of millions didn’t need his review.

’And yet he was letting President Xu call the shots on a deal worth over a billion. The trust President Chen had in her was obvious!’

Chen Xiao added, "My advice is that when you’re looking at the group’s grand strategy, don’t sweat the small stuff. It’s just a bit of money, and the rewards down the line will be much greater."

Xu Wu smiled. She knew Chen Xiao would have this attitude. She turned to Xu Jun and said, "Do as President Chen directed. Go negotiate with Mei Fang. Get his bottom line, then report back to me. We’ll start accelerating the acquisition immediately."

Working for such bold leadership, Xu Jun felt his own confidence swell. He asked, "The operator for Tianlong Square is a business management company from Shanghai. Their contract is up in six months."

Xu Wu knew what he was getting at and cut him off. "Tell them they have two choices: come work for Junxiao Business Management Company, or lose their jobs!"

’Badass.’ Chen Xiao watched the supremely assertive Xu Wu on the screen, liking her more and more. ’That’s the spirit!’

"Alright, that case is closed. What’s the status of the Wanhong Square acquisition?"

Xu Jun sounded rather sheepish. "Wanhong is unwilling to sell. They said that aside from Ganglong International, they’re the best commercial plaza in Jiangzhou, and even in all of Hanjiang Province. They claim to be the market leader and have no intention of selling."

"Hah!"

Xu Wu sneered. "Didn’t you shove the sales figures from Junxiao Square’s grand opening in their face?"

Thanks to major PR events driving customer traffic, plus a massive injection of cash-back coupons, Junxiao Square’s daily sales figures since its grand opening had nearly doubled year-over-year.

No matter how well Wanhong Square had done in the past, it was now slightly behind Junxiao Square. Who knew where they got the confidence to call themselves the market leader.

Xu Jun didn’t dare reply. He couldn’t just get hostile in a negotiation the moment it hit a snag. What Xu Wu suggested was clearly just said in anger.

"How about this," Xu Wu proposed. "Since they still see themselves as the market leader, let’s acquire Tianlong Square first. After that’s done, we’ll use our two Junxiao Squares to declare war on them directly."

’Declare war?’ Xu Jun was baffled for a moment. ’How would we even do that?’

’The commercial landscape is pretty much set. Each plaza already has its own loyal customer base.’

Chen Xiao, being there in person, saw Xu Jun’s confusion and chuckled. "What President Xu means is we’ll use massive subsidies to poach Wanhong Square’s customers."

"An extra 10 million in subsidies per year for each plaza should be enough."

’An extra 10 million?’ Both President Chen and President Xu treated money like it was nothing. ’Being rich and powerful is one thing, but this is just ridiculous!’

"What we can’t win at the negotiating table, we’ll take on the battlefield. We can fight and talk at the same time. If the talks break down, we’ll just beat them into submission!"

Xu Wu was continuing right where Chen Xiao had left off!

Xu Jun couldn’t help but feel his own fighting spirit ignite. With his two bosses ready to throw tens of millions in marketing funds at the problem, if he couldn’t bring Wanhong Square to heel, he’d be a disgrace to his title of President Xu.

After all, there was no way Wanhong Square could possibly match that level of spending.

This was because Wanhong Square’s management company earned its profit from the spread between the rent it collected from merchants and the rent it paid to the property developer.

Every penny they invested was a penny taken from their own profits. That was why, in the past, their marketing spend had been even lower than that of the former Jiangzhou Wansheng Square.

If things went as President Xu said, and both Junxiao Squares poured 20 million each into sales promotions, on top of another 10-plus million for PR events to drive traffic, the fate of Wanhong Square was sealed.

They would either have to invest a massive amount of capital to keep pace and get dragged into ruin, or they could do nothing as their customer base was siphoned away, leading to their demise.

It was a classic case of brute force overwhelming technique. The method was simple and crude. It wasn’t that Xu Jun had never considered it; he was just trapped in conventional thinking. No one in the business world actually operated like this!

’His two bosses were so outrageously domineering.’ But Xu Jun had to admit, he really loved this feeling. ’Crushing people with money is exhilarating!’

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