Extraordinary Genius - Chapter 398 – Lend him the money
“Fine. I know. Thanks, Brother Fu for your help.” Feng Yu hang up the phone. He was lost in his thoughts.
China’s logistics giant Shunfeng, from Feng Yu’s previous life, had started their operations in Hong Kong. China and Hong Kong’s trade had been increasing, and the government’s ships cannot meet the demands.
This Shunfeng was doing the shipping businesses between Hong Kong and Southern Guangdong.
Currently, this company had just started and had not even registered their company. This company does not even have their own fleet of vehicles, let alone cargo ships. But Shunfeng’s boss had an interesting idea. His slogan was .
The postal services require one day to depart from China, and another day to reach Hong Kong. It will take at least 2 days for the postage to reach its destination. If someone needs something urgently, it will be too long.
Shunfeng’s boss, Wang Wei, was in the printing business in the past. At this time, most factories in China were set up by Hong Kong businessmen. The labor, land and material cost was cheaper, and it was not far from Hong Kong. The average salaries in Hong Kong at this time was over 1,500 HKD. It was more than 10 times compared to China!
Wang Wei soon discovered that the product samples from the factories in China need at least 2 to 3 days to reach Hong Kong. It had delayed a lot of time. As such, he and a few friends started to help businessmen in China to carry their samples through hand-carried luggage back to Hong Kong. At the same time, he brought some Hong Kong products into China to sell at Foshan.
Although Wang Wei and his friends were only a few people and do not even have a truck or ship, his business was good. Slowly, through word of mouth, more and more factories knew about them. They traveled to and fro between Hong Kong and Foshan every day.
More and more people started to look for Wang Wei and his friends to ask them to carry things out of China. They do not only help to courier goods to Hong Kong. He even delivered the goods to specific locations.
This became Shunfeng’s business model.
It was worth mentioning that Wang Wei’s father was someone with a small fortune. He had a small factory, but he was not pleased with what Wang Wei was doing. If Wang Wei wishes to do this business, he needs money to set up a company. He needs to pay the couriers both in China and Hong Kong.
Feng Yu had wanted to look for Wang Wei. But since the last time Feng Yu spoke to Li Dafu, he had not given him any replies until now. This let Feng Yu understand one thing. If it were not the correct timing, these people’s thinking would be different. This was the reason why Feng Yu did not look for Wang Wei in the past. He was waiting for the right time.
This was the time when Wang Wei needed money, and Feng Yu asked Fu Guangzheng to lend Wang Wei 100,000 HKD, to help him set up Shunfeng Courier.
Feng Yu did not charge interest for this 100,000 HKD. He just said that he admired these few youngsters and wished for their success.
Wang Wei and his friends were shocked. They did not even need to have any collaterals and only required to sign a loan agreement.
Wang Wei still thought that it was his father who had sent someone to help him.
This was what Feng Yu wanted. The Shunfeng now was not worth investing. Wang Wei was not developed yet. He was still far from the mysterious boss of Shunfeng in the future years.
In Feng Yu’s previous life, Jack Ma had mentioned that the person he admired most was Wang Wei. It was because not everyone can manage a 150,000 employees company.
This Wang Wei was similar to Feng Yu in the sense that both do not like to be interviewed. He does not even want to be photographed. He even rejected the top leader of China’s postal services invitation. Maybe the only news about him was that he bought a plot of land in Hong Kong and built a mansion. This was also not on the financial newspapers. It was on the tabloids.
Wang Wei had started with a backpack and then e recruited 5 of his friends to set up a company. Within 10 years, this company which was started from 100,000 HKD grew to a company that was worth hundreds of thousands. This showed how capable Wang Wei was.
Shunfeng was only slightly behind China’s logistics giant EMS. Shunfeng had held 20% of China’s market share. But Shunfeng had never advertised or accepted any investments. It was not even listed.
Wang Wei had said that the company was doing well and they had almost 30% profits. He does not need any investors. The company had never faced any financial issues before. There was no need to raise funds by being listed. The company had enough funds to grow.
There was also no need for any advertisements. Even when Shunfeng had collected the parcel at 6 in the evenings, the package will arrive at the client’s place the next morning. Word of mouth was the best advertisements.
But the future Shunfeng had a big problem which had limited its growth to become China’s number one courier company. That was because Shunfeng had expanded from the south towards the north. Some provinces in the Northeast and Northwest were not covered. Their coverage was not as significant as EMS.
In this life, no matter how Shunfeng developed, it will never reach the scale in Feng Yu’s previous life. It was because of Wind, and Rain Logistics had already expanded from the Northeast to Beijing region. Although it had not reached the extent of reaching the destination in one day.
In another 2 years, Wind and Rain Logistics will expand even faster. At that time, it should have captured the central regions. Shunfeng should also have extended to the southeast.
When that happens, it would be the time for Wind and Rain Logistics to cooperate with Shunfeng. With the favor Feng Yu had given to Wang Wei now, how could Wang Wei refuse to let Feng Yu invest in his company? If both companies could cooperate or even merged, then there would be no problems overtaking EMS!
Fu Guangzheng hung up the phone and was puzzled why Feng Yu had asked him to do this. It was evident that Feng Yu does not know those people. Why Feng Yu wanted to lend them money? Why did Feng Yu asked him to monitor this person and borrow him money?
He looked carefully at these few youngsters, but could not see anything special about them. This amount was not enough to do logistics business. Even if you do not have a cargo ship, then at least you must have a truck. These few people do not even own a motorcycle. They were delivering parcels via bicycles.
Fu Guangzheng mentioned that it would be faster to use motorcycles to do deliveries and Wang Wei asked if he could borrow another 100,000 HKD to buy bikes.
Wang Wei had really thought that Fu Guangzheng was his father’s friend. This was also the reason why he was not embarrassed to borrow money. Fu Guangzheng hesitated for a while and remembered about the miracles Feng Yu created in the past. He immediately nodded. He also gave Wang Wei a personal loan of 100,000 HKD for him to buy some motorcycles. Anyway, Feng Yu had only asked him to lend Wang Wei 100,000 HKD. So, even if he lends Wang Wei another 100,000 HKD out from his own pocket, it should be fine.
If Feng Yu really wanted to help Wang Wei, then Feng Yu would owe him a personal favor. Fu Guangzheng would never have thought that Feng Yu lent Wang Wei money was for his future cooperation. Feng Yu was investing in Wang Wei.
At this time, Wang Wei and his friends were not worth investing. Fu Guangzheng could not see any potential in this small company. This company might not even earn 100,000 HKD in a year.
However, Fu Guangzheng was used to follow Feng Yu’s footsteps. Even if Feng Yu had given Wang Wei 100,000 HKD for nothing, he was also fine doing the same. The money he had earned by following Feng Yu was more than a 100,000 HKD!
After the Lunar New Year, Feng Yu returned to Bing City. He needs to help with the district’s developments. Together with him was the District Chief, Wen Deguang.