Chapter 465: Competition and Cooperation Coexist

"Really?" Yang Wendong was overjoyed after hearing this.

Bai Yujie has been married for a year, but she has not been pregnant. This made him think that something was a bit abnormal. Fortunately, she is pregnant now.

Bai Yujie also nodded slightly.

"Come, sit down first." Yang Wendong also stood up and let the pregnant woman sit down.

Su Yiyi smiled and said, "You are the last one to know about our family affairs."

Yang Wendong said, "Of course. Men work outside and women work inside. Tomorrow I will take Yujie to Kanghua Hospital for a checkup."

Su Yiyi said, "Then let's go together tomorrow and go to Central for some fun."

"Okay." Yang Wendong agreed naturally.

The crowd was in a state of excitement again. Soon, TVB's Spring Festival Gala began. Many famous stars appeared on the main stage and greeted the audience one by one.
As a small market, no matter how hard TVB tries, it cannot get rid of a characteristic of its past, that is, the number of stars is limited, even the supporting roles. Therefore, no matter how many TV series it schedules, the supporting roles are basically the same people, and the audience has gradually become familiar with them.

Even these current supporting roles, when they are older and more experienced in the future, some of them may become the protagonists, big stars, etc. in many years.

The next day, all members of the Yang family took several cars and headed to Central under the protection of several bodyguards;

First, Bai Yujie was examined in detail in the hospital, and then the family traveled around various areas in Central. Even though Bai Yujie was pregnant, she couldn't stay at home for the next year. She also needed proper exercise, which was also good for the fetus. She just needed to be careful. There were also two professional medical staff in the Yang family's bodyguard team.
On January 1, the sixth day of the Chinese New Year, the Yang family took a private yacht and traveled offshore for a few days. They also took a trip to Taiwan and checked out several local businesses.

In a large factory about 10km east of Taipei, Yang Wendong walked around and said, "Mr. Wang, the scale of your Formosa Plastics is getting bigger and bigger."

"Mr. Yang, compared with your achievements in Hong Kong, my achievements are not worth mentioning." Wang Yongqing said with a smile: "Also, Formosa Plastics has been able to grow to its current size thanks to Mr. Yang's help in the early days."

"Haha, it can be considered mutually beneficial." Yang Wendong added: "With Formosa Plastics' current scale, can it be ranked among the top ten in the Asian plastics industry?"

Wang Yongqing shook his head and said, "I can't be in the top ten, at most in the top 30. There are many peers in Japan and Southeast Asia. They all have their own advantages. It's difficult for me to catch up with them."

"Yes, the oil derivatives industry relies on either technology or resources." Yang Wendong nodded and said, "Hong Kong is the same as Taiwan. We have nothing and can only survive in the cracks."

Wang Yongqing said: "But if we survive in the cracks, it is not easy to be discovered. At least now we have a certain scale."

"Yes." Yang Wendong also agreed. If he were in the Japanese industry, the established Japanese conglomerates would definitely find ways to swallow up his achievements.

This is a unique attribute of Japanese and Korean conglomerates. As long as latecomers rise, they must join a conglomerate. Of course, the consortium will not take everything away, but will obtain a certain share and then develop freely or cooperate with other companies in the consortium to develop together.

Wang Yongqing also asked: "Mr. Yang, I heard that you are planning to invest heavily in Singapore?"

"Yes, I have this plan." Yang Wendong nodded and said, this matter would naturally not be a secret.

Wang Yongqing asked, "Then will Changxing Industrial's many factories also invest there?"

Yang Wendong replied: "It depends on the local development situation. If everything goes well, a lot of production capacity will be transferred there. Does Mr. Wang have any ideas in this regard?"

Wang Yung-ching said with a smile: "Evergreen is a major customer of Formosa Plastics. If you build a large-scale factory there, I will naturally have the same idea."

"Of course you can. Given Singapore's current situation, the plastics industry will definitely develop in the future." Yang Wendong added, "If you go, it will definitely be good for Formosa Plastics. After establishing a foothold in Singapore, it can use Southeast Asian energy nearby and focus on the Southeast Asian market."

"I think so too." Wang Yongqing said, "But Mr. Yang, now Changxing Industrial has also invested in the plastics manufacturing industry. How about we set up a joint venture in Singapore?"

"Joint venture in Singapore? Do you mean that Changxing Industrial will invest in Singapore together with Formosa Plastics?" Yang Wendong asked in return, "Changxing Industrial is already a shareholder of Formosa Plastics. If we form a joint venture, your profits will be much lower?"

Wang Yongqing smiled and said, "It is true that the returns will be less, but my investment is also less. What I value more is a stable market, not just customers, but also the stable policies of the local government. Mr. Yang has already invested in Singapore and should have connections there. He is also my customer. For me, a joint venture with you is a win-win situation."

"Okay, then how do we calculate the ratio?" Yang Wendong thought about it and finally agreed.

He quickly understood what Wang Yongqing meant. First, Singapore's location was attractive to him, but in order to avoid some uncontrollable factors, he needed to find someone to form a joint venture with and share the risks. Second, he also saw that if he wanted to do the plastic manufacturing industry, he could cooperate with him and give him benefits, thereby obtaining orders and possibly making him give up.

Although there is a certain degree of conspiracy, it is not out of consideration. For me, although I also want to enter the plastic manufacturing industry, I am not in a hurry. The most important thing at the moment is to ensure that I can obtain the relevant market in Singapore first.

After all, Singapore's petroleum derivative industry was very developed in its previous life, so there must have been many competitors. Changxing Industrial might not be able to compete with those overseas oil giants, but Formosa Plastics might be able to, because in its previous life, Formosa Plastics defeated the plastics industry of overseas oil giants in Asia and became number one. However, Yang Wendong didn't know how they did it.

Wang Yung-ching said, "How about I take 2% and you take 55%? Because I will be in charge of this project, so I want absolute control. In addition, Mr. Yang is a shareholder of Formosa Plastics, so of my %, nearly % is yours. So in reality, this cooperation is -."

"Okay, I can agree to this ratio." Yang Wendong nodded and said with a smile, "But I have another condition, that is, the management can be yours, but as the major shareholder, we also have to participate in the operation. I don't have the decision-making power, but I have to have the right to participate, right?"

Wang Yongqing used an open strategy to slowly guide himself away from the plastics industry and instead hoped that he would continue to rely on Formosa Plastics in the future, so he deliberately gave shares to cooperate together; but since he was a shareholder, he naturally had the right to participate in operations.

Wang Yongqing thought for a moment and said, "Okay, we welcome colleagues from Changxing Industrial to cooperate with us."

"Okay, regarding the specific cooperation, I will ask Wei Zetao to send someone over to negotiate." Yang Wendong said again.

In fact, he is not sure how the oil derivatives industry will operate in the future. It can only depend on the strength of the future talent team. If the team is strong, they can do it themselves. If the team is weak, they can only try to ensure some production capacity, which can be used for emergency storage or as a supplier to lower prices.

Heavy industry, technology industry, etc., are absolutely dependent on talents. Without them, they cannot be done. Therefore, what Changxing Industrial is doing now is to gradually cultivate a team. In the short term, there will be no conflict of interest with Formosa Plastics. Instead, they will only be allies.

As for the possibility of competition in the future, we will talk about it later. No one will think that far ahead. Even the two superpowers, China and the United States, know that there will be competition in the future, but they will still cooperate when necessary.

Wang Yongqing said: "Okay, I hope we can continue to have a pleasant cooperation with Mr. Yang."

"Me too." Yang Wendong nodded.

That afternoon, Yang Wendong called Wei Zetao, who immediately rushed to Taiwan the next day.

After Wei Zetao understood the situation, he said, "Wang Yongqing is really a bit shady. He clearly wants us to give up our plastics business."

"It doesn't matter. The plastics industry is so huge that even if we really do it ourselves, it won't affect our cooperation with him." Yang Wendong said, "There are so many oil companies in the world. Aren't they all competitors and partners at the same time?"

As long as the market is large enough and there are enough players in it, the competitive relationship will be relatively weak. For example, the automobile, oil, energy and other industries are too large and have many customers, so there are not many conflicts of interest among peers.

In a small-scale market, if there are only two or three players, the competition will be fierce, and they may even regard each other as mortal enemies.

Wei Zetao said: "Yes, we will do our own thing. If he wants to cooperate, we will agree. Formosa Plastics now has customers all over the world and has gradually reduced its dependence on us. It is always cost-effective for us to cooperate with him."

"Wang Yongqing is indeed very capable. We should learn more from him in the future." Yang Wendong also said: "Through this cooperation, we can learn more. Technology is actually not important. You can buy it with money. His operating method is the most important."

Talent is indeed important, but high-tech industries cannot succeed by poaching people. In the Internet era, when Google was rising, Microsoft tried desperately to poach search talents. When Facebook was rising, Google did the same, but it was ultimately useless.

Many times, even if you have recruited a lot of talents, you still have to manage them seriously to transform the investment of these talents into results. And how to transform them is also a very advanced art.

Of course, it is difficult to learn, but learning more will always be useful.

"I understand. I will arrange for the team to negotiate with Formosa Plastics right away." Wei Zetao nodded and said.

Yang Wendong said: "Well, let's negotiate it as soon as possible. Singapore is also trying hard to attract foreign investment. It would be a pity if we go too late."

PS: Please give me a monthly ticket
(End of this chapter)

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