"Congratulations, Mr. Xu, congratulations, Mr. Wen."
At the Xu Xing Group banquet, Mr. Ma and others ca forward to offer their congratulations.
"Thank you, President Ma. All of you are my seniors. Please co inside."
Xu Xing ca over with a smile to greet everyone, "Relative, long ti no see. Let introduce you to Jack Ma."
"Ah, I’ve long admired President Ma. Please, co inside quickly," Xu Dong said, smiling so broadly he couldn’t close his mouth upon seeing these tycoons.
Although Mr. Wen, the original founder of Lafang, is currently the group’s managent CEO, he knew that in today’s event, or rather within this group, Xu Dong was the helmsman.
He didn’t try to steal Xu Dong’s lilight or central position, knowing that these friends from the Dongguang capital circles had co to boost the mood solely because of Xu Dong’s influence.
Moreover, without Xu Dong, there would be no Lafang.
Nowadays, Mr. Wen’s net worth and social status had skyrocketed. Compared to those aspects, what was the significance of him being just a secondary leader in the group?
Most importantly, he took this opportunity to board the ship of the Lin family behind Xu Dong.
Even the local city leadership team had arrived today.
From the mont Lafang acquired the technology authorization from iyue, it was no longer an insignificant enterprise; the city envisioned it as a provincial-level enterprise!
The market feedback in the first quarter since the product launch had not disappointed them.
The Permanent Beauty Pill formula and technology remained in Lin Yue’s possession, not to be distributed.
The technology granted to Lafang had a five-year beauty-preserving effect.
After consumption, it could maintain one’s facial condition from aging for five years.
The price of each elixir was 180,000 RMB!
Very expensive!
But the strategy adopted by Lafang was not to go mass-market but to only release 100,000 Beauty Pills per month.
After a massive global marketing campaign, the first batch of 100,000 Beauty Pills sold out in half a day!
The revenue reached 18 billion!
The first quarter’s turnover for Lafang Group was 540 billion RMB!
The company’s market value had soared from 23 billion in the first month of product release, repeatedly hitting upper limits over three consecutive months, pushing the stock to break one hundred billion, making Lafang one of the few local companies with a hundred billion market value.
It naturally beca one of the focal objects of the local district’s key policies for supportive care.
Xu Dong also held 13% equity in Lafang, possessing a net worth of 14 billion RMB, and it was still appreciating.
Setting aside his wife’s background, his stake in Lafang Group alone would certainly make him a dark horse on the future rich list.
Therefore, today’s guests were quite precise in their flattery and networking with Xu Dong.
Those shareholders from Xu Dong’s hotown, holding their wine glasses, followed behind Xu Dong. When they t capital big nas like Jack Ma, whom they had never seen before, wrinkles of smiles appeared on their faces.
Back in their hotown, they were considered wealthy but only had a net worth of several billion. Previously, they had no channels to et big capital players like Jack Ma and Mr. Ma.
Now, following Xu Dong, they were also stepping onto the dostic capital stage!
"Mr. Xu, congratulations, congratulations!"
Shortly after, the city leaders ca over and warmly greeted Xu Dong and Mr. Wen along with others.
After all, as the local officials, Xu Dong also responded very politely.
Today was Jack Ma’s first ti eting Xu Dong, who was very young.
He guessed that Xu Dong was about the age of their sons.
He was curious, "Who is this Xu Dong, that you all personally ca over to congratulate him?"
Mr. Ma holding his wine glass said, "I t him at a banquet held by Director Li of the Tianfeng head office; Xu Dong is also a guest of honor there."
Jack Ma suddenly understood.
He knew that Penguin Mr. Ma and their Shencheng capital allies owned one of the branch office spots of Tianfeng.
They were part of the core layer within the Tianfeng Fund company circle.
They attended the banquet held by Tianfeng Fund every year, so it was not strange for them to know each other within this circle.
Why is the current Tianfeng circle an inevitable power in the dostic capital scene?
It has to do with its massive cash reserves.
According to unofficial statistics, Tianfeng Fund’s head office had generated a profit in just one year that amounted to a cash reserve of 300 billion RMB.
This did not include the 100 billion manipulated by users!
This reserve fund was necessary for any group or company dostically needing a substantial amount of capital for expansion!
"Don’t underestimate him because he’s young; this Xu Dong is not simple," Xu Xing reminded them.
Xu Dong was from Jiangcheng, and they didn’t know much about the situation there.
But Xu Xing had seen Xu Dong arrive at Shencheng Bay to pay respects to Lin Yue!
Who is Lin Yue?
The wife of the Dongguang Lord, Head Gu!
Many people spend their entire lives just to et soone of Mr. Qi’s level, considering that as their limit.
Yet, Xu Dong could pay respects to the lady, and considering his stake in Lafang that gained him the technology authorization from iyue Group, his background was extraordinary!
The reason Xu Xing specifically ca to complint Xu Dong was that he had created an environnt for the lady to nourish and nurture, in return obtaining the first batch of developnt land shares in Shencheng.
But he knew he was currently not in a position to join the inner circle of the big players; what others offered was rely repaynt of favors with resources.
Now Xu Xing just wanted to get to know more people in the inner circle of big players, thereby squeezing into it himself.
Over the years, being of Jack Ma’s generation, he realized one truth.
In Dragon Nation, if you lack strong backing, no matter how big your capital is, if soone wants to target you, they can definitely flay you.
Look at Jack Ma, look at Wang Jianlin, look at Liu Qiangdong, and so on.
These were once unassailable capital stars.
Now, these people being forced off the stage was inevitably lantable.
With Xu Xing’s capital gradually rising, he needed to take heed and find a way out for himself.
Just as Wealthiest Guo from Jiangcheng told him, if he beca one of Head Gu’s n, no one in Dongguang would dare to provoke him!
"Mr. Xu, Secretary Chen’s car has arrived," Xu Dong’s assistant notified him in a whisper as he was enjoying himself.
Xu Dong was startled.
Then, with a serious expression, he said, "Gentlen, excuse , I need to step outside to et soone."
The secretaries of several city leaders who were conversing with him also hurriedly ran over to notify.
The local city leader’s face beca stern; he too put down his wine glass and quickly ran outside.
Though his position might not have warranted a eting with Head Gu, he had seen Secretary Chen at provincial etings, acting on behalf of Head Gu.
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