My Daily Basic Stipend Is 10 Million

Chapter 232: Chapter 179: Business Layout, Part 2

Otherwise, he wouldn’t have had the courage to launch initiatives across several sectors all at once.

It was precisely because he proposed such a massive plan without batting an eye that Xu Wu suspected his financial power was only the tip of the iceberg. As a result, her current investments had become much more aggressive. Take Qingyun Wansheng Square, for example; she took one look at it and decided on the spot to acquire it.

This was also because Qingyun Wansheng Square was the only large-scale shopping center in the area and was already well-established. Once a project like this solidifies its leading position in a local market, it’s nearly impossible for newcomers to surpass it, as long as no major blunders are made.

Xu Jia was lost in thought, but she was also happy for her best friend. She used to wonder what kind of man in this world could possibly be worthy of Zhao Xiangjun.

The independent, kind, and filial Zhao Xiangjun, who was so beautiful she seemed otherworldly.

Now, she felt like everything had fallen into place perfectly. Chen Xiao might have his share of flaws.

Of course, many of those flaws were from Xu Jia’s perspective. She thought he was too lazy, needing Zhao Xiangjun to peel his fruit or even shell his seafood for him!

What’s more, he didn’t do a single bit of housework and often loved to roast people.

She even felt that aside from being rich and handsome, he had no other good qualities!

Later, she gradually discovered he had one other virtue, one that probably only revealed itself when he was with Zhao Xiangjun: he was absolutely crazy about spoiling her.

It was precisely because he was so crazy about spoiling Xiangjun that Xu Jia came to completely accept Chen Xiao from the bottom of her heart. From that day on, she started treating him like family—a status her own husband, Ren Jie, had yet to achieve!

Chen Xiao had no idea about all the random thoughts running through Xu Jia’s head. If he did, he could only admire her strange way of thinking. ’Her own husband doesn’t even meet her standards!’

The group discussed their next steps. Based on the situation Chen Xiao had outlined today, Liu Haoran would need to adjust the performance targets for the coming year over the next few days.

At the same time, each department’s expense budgets would have to be adjusted accordingly to match the performance targets. This was a major undertaking in itself.

Unfortunately, all the expense budgets the departments had previously prepared were now void. All that hard work had been for nothing.

But he believed that when their efforts blossomed and bore fruit everywhere next year, a rising tide would lift all boats at the Yino Branch.

When everyone’s salary increases far surpassed those in other regions, they would ultimately thank President Liu for being at the helm and driving the great development of the entire regional company.

As a fellow regional head, Peng Yu was also making his own plans for the next year.

The pressure he was under was no less than Xia Bin’s. The only difference was that his was work-related pressure, while Xia Bin was losing cold, hard cash.

Affected by the exodus of top-tier brands from Wansheng Squares outside of Jiangzhou, 13 of the 14 remaining malls were facing tenant recruitment issues of varying severity. The only exception was Jiangzhou Economic Development Zone Wansheng Square.

While the Economic Development Zone Wansheng Square didn’t have recruitment pressure, it was suffering. Junxiao Square’s multi-day PR campaigns and massive subsidy voucher giveaways, combined with city-wide "lowest price" promotions from various brands, were siphoning away a huge amount of customer traffic from other malls to Junxiao Square.

The brand overlap between Jiangzhou Economic Development Zone Wansheng Square and Junxiao Square was over 70%. One could only imagine the immense losses this caused for the Economic Development Zone Wansheng Square.

And this was after the Wansheng Region had already spent 500,000 on sales promotions there. Now, Jiangzhou Economic Development Zone Wansheng Square’s 500,000 budget was completely spent. To make matters worse, word on the street was that Junxiao Square’s promotions were still ongoing, with rumors that the next wave was about to begin.

This put the Economic Development Zone Wansheng Square in a miserable position. Even while running its own promotions, its customer traffic had already dropped by 20%, and its sales figures were actually showing negative growth compared to the same period last year.

Meanwhile, Junxiao Square had reportedly seen its customer traffic increase by more than 60%, and its sales had nearly doubled compared to the same period.

The blow was both unprecedented and ongoing, and it was enough to make Peng Yu’s heart pound with fear.

When he received the call from CEO Wang Jun, he was immediately chewed out.

Wang Jun directly questioned his management skills, demanding to know why both customer traffic and sales had declined after an investment of 500,000 in operational expenses.

"Where did that 500,000 go? If you’d thrown it in the Han River, at least you would’ve heard a splash! You threw it at the Hanjiang Region and somehow managed to get negative growth!"

Peng Yu tried to explain the intensity of Junxiao Square’s promotions, but Wang Jun cut him off. "Strong people find solutions; weak people make excuses!"

Such a platitude, delivered from the moral high ground, was truly irrefutable.

Peng Yu had often said the same thing to his own subordinates. This time, the tables had finally turned.

He knew why Wang Jun was angry. As the provincial capital of Hanjiang Province, Jiangzhou was a hotly contested market.

Wansheng Group had two malls in Jiangzhou, and their flagship property had been acquired by Junxiao Group.

Wansheng Group was, of course, aware of the pressure losing a flagship mall would put on the regional company. But forced by a severe lack of funds, they had sold off Jiangzhou Wansheng Square while simultaneously placing high hopes on the regional company to build a new flagship.

After all, in the eyes of headquarters, the Wansheng Group Hanjiang Regional Company was still a highly professional business management firm capable of fighting tough battles—hardly comparable to an amateur like Junxiao Group.

That was why the group had provided an extra 500,000 in marketing funds. They hoped Peng Yu would achieve new heights, pushing the Jiangzhou Economic Development Zone Wansheng to a new peak and giving Wansheng Group a flagship location in Jiangzhou.

The dream was beautiful, but reality was harsh.

And that wasn’t even mentioning that the person now at the helm of Junxiao Business Management, Xu Jun, was a veteran with experience on par with Peng Yu. Since taking the helm, he could report directly to the group’s CEO, Xu Wu. This shortened chain of command allowed for rapid and effective adjustments.

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