My Daily Basic Stipend Is 10 Million

Chapter 233: Chapter 179: Business Layout (3)

It wasn’t like at Wansheng Group, where any proposal submitted for review could require dozens of approvals. By the time the approval process was over, their rival would have already launched another wave of attacks!

The most terrifying thing was that Junxiao Group’s financial investment in its shopping malls was simply insane. No other shopping mall would spend tens of millions on marketing in a single year; even for a new mall, that level of spending in the first year was outrageous!

But Junxiao Square did it, investing over 20 million. It was a classic case of brute force overwhelming skill, like a flurry of wild punches felling an old master.

Peng Yu was getting pummeled into oblivion. At a time like this, professionalism and experience were useless!

Consumers cared most about price. Besides, Junxiao Square had always completely crushed Jiangzhou Economic Development Zone Wansheng Square in every respect, from its location to its brand mix.

This was an unfair fight!

It wasn’t that Peng Yu was incompetent; he was truly powerless.

What he needed most right now was financial support from the group, permission to go head-to-head with Junxiao Square.

But large corporations have their own unavoidable issues. Every branch faced difficulties of one kind or another. If the group poured excessive extra marketing funds into the Hanjiang Region, other regions would find all sorts of reasons to come begging at headquarters for their own handouts.

So, should they give them the money or not? Not giving it would seem unfair, but they truly couldn’t afford to give it.

With dozens of regions nationwide, giving each one 5 million would add up to hundreds of millions. If they had that kind of money, would they even need to be selling off their malls?

So, Wang Jun not only rejected Peng Yu’s proposal to go head-to-head with Junxiao Business Management, but he also informed him of a new development.

Junxiao Group had once again sent Wansheng Group an offer to acquire Qingyun County Wansheng Square.

When Peng Yu heard this, he cursed inwardly. Qingyun County Wansheng Square was a relatively mature mall, the first one in the Hanjiang Region to be opened in a county-level city.

After years of operation and cultivation, it had become a very mature mall that brought stable annual revenue to both the group and the regional department.

Moreover, not only did it face no pressure in attracting tenants, they could even use its success as leverage to coerce some brands into supporting their more struggling malls.

’With Junxiao Group making this move, my life is about to get even harder!’

’I don’t even have to wonder if the group will agree to sell Qingyun County Wansheng Square. They already sold off Jiangzhou Wansheng; what’s a small county mall compared to that?’

"Boss, I’m really in a tough spot right now!"

Wang Jun sighed. "Xiao Peng, it’s precisely because things are tough that we need executives like you. If it were easy, why would we be paying you such high salaries?"

"Just keep up the good work and don’t overthink it. I’m confident that your abilities will see you through this difficult time. I believe that by next year, you’ll be able to follow the group’s requirements and turn Jiangzhou Economic Development Zone Wansheng Square into the benchmark for all of Jiangzhou!"

"At the same time, I have another requirement for you. Even though you’ll be short two malls next year, your annual rent collection target can’t be proportionally reduced. We’ll remove the portion from Jiangzhou Wansheng, and that’s it!"

Peng Yu was instantly furious. ’What does he mean? On top of the standard 7% rent increase for all malls next year, the shortfall from selling Qingyun Wansheng is going to be spread across the remaining ones?!’

’Is this some kind of joke? Qingyun Wansheng brings in about 20 million in rent annually. If that’s spread across the other thirteen malls, on top of the planned 7% increase, the average rent for each mall would have to go up by more than 15%.’

’This is beyond a joke. Many of the other thirteen malls are already struggling. Some tenants are threatening to pull out even if we just renew at the current rate. A straight 15% increase? That’s just bullshit!’

Regarding his difficulties, Wang Jun expressed both understanding and an inability to help. Peng Yu was on his own.

Across the entire Wansheng Group Hanjiang Region, the person feeling both the most relaxed and the most tense about the upcoming year’s budget was none other than Liu Nan, the general manager of Qingyun Wansheng Square.

He was relaxed because he didn’t have to prepare next year’s budget for the time being, and he knew exactly why.

The formidable President Xu, a woman of both beauty and power, was not one for empty boasts. The day she had stood on-site and declared she would buy the mall, Liu Nan hadn’t doubted her for a second.

The fact that Qingyun Wansheng Square wasn’t required to prepare a budget was the clearest signal of all. Obviously, the mall was about to change hands.

Liu Nan hoped to pledge his allegiance to Junxiao Business Management. After all, he knew just how comfortable his old colleagues’ lives had become—and how lavish their marketing budgets were—after Jiangzhou Wansheng Square was renamed Junxiao Square.

Besides, he wasn’t opposed to switching sides to begin with; otherwise, he wouldn’t have secretly interviewed for the position of Vice President of Business at Junxiao Square.

But he was also the most nervous. For the other general managers, it was a matter of pressure—a question of whether they could survive the coming year.

For him, however, the question was whether he could keep his job after the acquisition by Junxiao Business Management. ’I bet I didn’t leave a good impression on President Xu that day, either!’

This was the source of his greatest anxiety. Over the past two days, he had frequently called Liu Lei over, fussing over his well-being and trying to build a closer relationship.

From the moment he learned that Liu Lei was President Xu’s high school classmate, he began to distance himself from President Fu and instead started doting on Liu Lei.

Liu Lei, for his part, was thoroughly enjoying the feeling of basking in reflected glory—glory borrowed from the goddess of his heart.

Liu Nan probably had no idea that Liu Lei didn’t even have Xu Wu’s personal phone number or any way to contact her online. Outside of work, President Xu’s private social circle was actually quite small.

Therefore, after several days of probing, he failed to extract any valuable information from Liu Lei.

After the video conference for the general managers of the Wansheng Group Hanjiang Region ended, Peng Yu scheduled a private call with Liu Nan.

On the call, Peng Yu asked him if he was interested in transferring to a different mall.

As one of his most capable subordinates, he was very keen on keeping Liu Nan. Otherwise, not only would he lose his own right-hand man, but he would also be handing a talented general over to the enemy.

But Liu Nan’s attitude was ambiguous. He simply kept repeating how much he respected President Peng and how President Peng had always been his leader, without offering a single piece of crucial information.

Visit and read more novel to help us update chapter quickly. Thank you so much!