My autobiography is definitely not a tragedy!

Chapter 558: Reverse Business Thinking (Part 3)


The problem is the arguments are too persuasive; I can't find a reason to object!

"Heh... hehehe! No wonder you're the manager I personally selected; you really didn't disappoint me..." Cheng Biao smirked.

"Thank you for the compliment, Mr. Cheng. Compared to you, I still have a lot to learn!"

Thinking he received the boss's approval, Manager Jin was quite excited.

Little did he know, the boss was already regretting his initial misjudgment of his "capability" and was ready to find an excuse to get rid of him at the first opportunity...

"Forget it, tell me, how much money is left in the company account now?" Cheng Biao sighed.

"Uh... about 64 million, next month it should be close to 100 million."

Upon hearing this amount, Cheng Biao felt even more drained.

Others run a company, and they can easily lose a few million.

How come when it's my turn, the money just keeps inflating like a balloon, and losing money becomes so difficult...

No, it's not that I find it hard to lose money, but being stuck on this giant ship of Wanwu Holding makes it hard to fall behind!

High-quality investment targets, big data intelligence, Chief of the Disciplinary Court...

From funding sources to technical and legal matters, they've arranged everything clearly for you, all top-tier globally!

These brother companies leave me with no way to lose money!

Thinking about his lost fishing rod, Brother Biao suppressed his little excitement about achieving a small goal and secretly warned himself.

Your deformed Wealth Palace is staring at you fiercely...

"Money that goes into the left pocket, I have to find a way to get it out of the right pocket, to at least balance and suppress the speed of my wealth accumulation...

But... what investment can guarantee steady losses without profits..."

He looked over at Manager Jin.

"Money left in the account is only earning interest, serving no other purpose at all!

Manager Jin, didn't I ask you last time to think about any recommended investment projects for me."

"Well... Wanwu Security and Welfare Bags have been expanding too fast, and we need to slow down to stabilize the foundation, so I don't recommend further investment.

But the Chinese traditional medicine business that Mr. Cheng just took over... that's a promising investment field."

Currently, besides Wanwu Security and Welfare Bags, Cheng Biao is also responsible for the newly founded "Liangshan Pharmaceuticals".

Manager Jin continued.

"I've also looked into some related materials recently. The state is vigorously promoting Chinese traditional medicine, and the future development prospects are quite optimistic.

Plus, with Changqing Biological gaining fame in the medical technology field, if we can just catch this ride..."

"Stop!" Brother Biao immediately stopped him.

I was just trying to spend some money without it coming back, and you're thinking about pulling in a competitor to advertise for me? Won't that cause the sales to soar?

"The upper management specifically instructed that Liangshan Pharmaceuticals and the original group pharmaceutical company should be completely separated, traditional Chinese medicine for traditional Chinese medicine, Western medicine for Western medicine.

And also, traditional Chinese medicine differs from Western medicine. We shouldn't always be thinking about making money; we should have the responsibility of a national entrepreneur to contribute to our traditional culture."

Seeing Manager Jin bewildered, Cheng Biao could only sigh at the decline of moral standards.

People these days are so obsessed with money, their ideological level can't keep up with your boss at all...

"I'm saying, are there projects that just keep plummeting, glowing green, and even dogs wouldn't bother with them, those losing projects."

"Uh..."

Manager Jin hesitated for a while, almost frying his brain CPU, and then hesitantly said.

"In the field of traditional Chinese medicine, there are some that are indeed in decline, like Chinese herbal medicine cultivation bases..."

"Oh! Tell me more!" Cheng Biao's interest was sparked.

Manager Jin quickly organized his words.

"Uh... With the popularization of Western medicine, since 2012, most Chinese herbal medicines have been on a downward trend.

For six consecutive years, the downward trend in the prices of Chinese herbal medicines has intensified, and after 2018, the market conditions have become even more bleak.

In recent years, the cultivation area of Chinese herbal medicines is still expanding, sales are insufficient, and inventory is piling up, with serious internal competition in the industry.

Many believe that there may not be much appreciation potential in the next two years.

Because there is basically no profit, most Chinese herbal medicine cultivation bases are generally in business difficulties..."

"Alright! This is it!"

Before Manager Jin could finish, Cheng Biao slammed the table and interrupted him.

"Now take this 64 million and go buy, buy, buy at Chinese herbal medicine cultivation bases across the country. Don't leave a penny, spend it all!

Oh right, you mentioned they are generally in business difficulties, right?

If we encounter ones unwilling to sell, as long as there are bosses of needed cultivation bases, we can offer them long-term loans!"

Manager Jin looked bewildered.

"Uh... Mr. Cheng, you're acquiring upstream Chinese herbal medicines to ensure Liangshan Pharmaceuticals' supply chain?"

"Uh-huh! That's right, that's right!" Cheng Biao didn't bother explaining.

You can think whatever you want, as long as the money gets spent and never comes back.

"But..."

"No buts, just do as I say!

Ah Xing, share the souvenirs I brought back with everyone, that's it, meeting adjourned!"

Watching Cheng Biao walk out of the conference room full of confidence, Manager Jin wanted to say something but was stopped by a big hand.

"Hehe! Brother Biao is like this, always walking an unusual path. You'll get used to it, here, this is yours!"

Ah Xing came over with a chuckle, and then handed him a box.

"Lotus Clearing Fever Capsules"...

Seeing the description on the box, Manager Jin was at a loss for words.

Souvenirs from a business trip...

Are there even cold medicines given?

This style, indeed, is unconventional.

Watching the back of Cheng Biao leaving, he opened his mouth, swallowing a bellyful of words helplessly...

Although initially felt this investment plan was too risky, but on second thought.

Although the Chinese herbal medicine industry is sluggish now, what industry remains unprofitable forever?

Compared to chasing high investments, this stage is indeed suitable for bottom fishing at low prices...

As the saying goes, "One man's trash is another man's treasure."

Could this be the big shot's reverse commercial thinking...

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