Technology: Breaking the Global Monopoly

Chapter 2058 Bow

That’s right, the conditions offered by Jiuzhou Technology were rubbish, and it was even like treating Pioneer Group like pigs.

However, all Vanguard Group executives, including CEO Tim, knew clearly that if they really turned around and left now, they would most likely never be able to enter this conference room again, and even if they wanted to apply to enter the new area in the future, they might not be able to pass easily.

They also had some knowledge of the so-called high-quality projects mentioned by Huang Chaoren, such as the Daxia Western Development Project, Anxi Province Environmental Protection and Greening, and Township Poverty Alleviation.

If these projects could enjoy the various subsidies and welfare benefits provided by the Daxia government like local enterprises and institutions in Daxia, then they would indeed be able to earn good profits.

However, what Huang Chaoren proposed was "unresponsible and unconditional financial support", which is almost a blatant robbery!

All the money is thrown into the desert, mountains and the hands of poor farmers, and they cannot even enjoy the official subsidies from Daxia!

If other investors were to look at this kind of loss-making business, they would shake their heads and leave.

Perhaps seeing the slight change in the expressions of Pioneer Group's senior management, Huang Chaoren took the initiative to say: "We at Jiuzhou Technology are discussing cooperation for mutual benefit and win-win results. If your company is not interested in these projects, we understand.

I hope we can have other opportunities to cooperate with your company in the future. I believe the Bluestar market is huge and we will have opportunities to cooperate in the end."

After saying this, Huang Chaoren picked up the teacup again.

Pioneer Group CEO Tim and several other senior executives have been receiving targeted training in Daxia's "traditional culture" during this period, and they know that the Kyushu Technology executive raising the teacup meant serving tea to the guest.

But since the purpose of today's trip was not achieved, how could they be willing to leave?

Moreover, if I leave now, wouldn’t all this kneeling apology be in vain?

Even more loss!

CEO Tim frowned again, as if he was about to make an important decision.

No one urged him to get up.

A moment later, this capital tycoon who manages trillions of assets suddenly nodded to Huang Chaoren and said, "Since we want to cooperate, our Pioneer Group is of course willing to show our sincerity. We are willing to provide financial support of 10 billion to 10 billion Xia yuan for Daxia's western development projects, Anxi Province's environmental protection and greening, township poverty alleviation and other high-quality projects.

Of course, for the benefit of our Vanguard Group's clients, we need to have the right to know about these project investments and the right to control where some of the funds go. We may not want project returns and subsidies, but we must let our clients know what projects these funds will be used for.

In addition, our Pioneer Group has also prepared a budget of hundreds of billions of Xia Yuan for your company’s [Kunlun] project…”

As CEO Tim bowed his head, Vanguard Group's senior management also breathed a sigh of relief.

Previously, they were worried that their CEO would not be able to accept these conditions and would choose to leave.

They all knew that if they couldn't board the ship of Jiuzhou Technology at this time, they would probably never have the chance again.

  They also want to use the life-sustaining cradle, and they also want to go to the moon and live in the city that is destined to become the safest city for mankind!

Just bow your head, just bow your head. However, just when they were relaxed, they suddenly heard the powerful executive of Jiuzhou Technology say: "Not enough, if other financial institutions come to discuss cooperation, this budget may be considered sincere, but as you said, your company is the world's largest no-fee fund family, providing services to tens of millions of investors around the world.

For the sake of your partners and customers, you were willing to accept huge losses and withdraw from the Daxia market. So now, for the sake of your partners, customers and the future development of the company, how much loss can you accept?

Unlike other projects, the Kunlun City Project will have profit sharing, so you still need to discuss carefully and weigh the options.”

Neither Tim nor other Vanguard executives expected this boomerang to come so quickly and disrupt their plans.

They also internally calculated the amount of losses the company would suffer after completely withdrawing from the Daxia market, but after the statistics were made, none of their senior executives could face the number calmly.

Because the number was so painful, it hurt so much that they wanted to go back to the Daxia market.

And now, they have to pay the same price to return to the Daxia market.

That’s right. Tim and other senior executives now believed that if they could not agree to Jiuzhou Technology’s conditions, it might be easy for Pioneer Group to return to Daxia, but if they wanted to get official support from Daxia, it would be basically hopeless.

In many cases, Jiuzhou Technology is the barometer and auditor of Daxia.

After frowning and struggling for a moment, Vanguard Group CEO Tim compromised.

"We, the Pioneer Group, are willing to provide hundreds of billions of Xiayuan in funding support for Daxia's western development projects, Anxi Province's environmental protection and greening, township poverty alleviation and other high-quality projects. In addition, our Pioneer Group will also set up a special fund specifically for Daxia's local charity projects, and invest a portion of the fund's revenue into Daxia's local charity projects every year.

For this part of the business, our Pioneer Group will take the initiative to cooperate with Daxia officials and your company, and be open and transparent about the business details.

As for your company's Kunlun City project, we at Vanguard Group will work hard to raise funds and provide financial and other resource support comparable to that of BlackRock Group."

"Mr. Huang, this is the largest commercial project that our Pioneer Group can provide. This is the sincerity of our Pioneer Group's apology..."

Huang Chaoren knew clearly that Vanguard Group had extremely extensive investments in Bluestar globally. This company and BlackRock Group, in a sense, could already dominate many things happening in the United States and some small countries and regions.

Vanguard Group's top ten holdings in the U.S. market once included Microsoft, Apple, Nvidia, Amazon, Meta and other companies. Of course, due to the development of its own Jiuzhou Technology, these companies in which Vanguard Group has a large stake are currently laying off employees and cutting salaries.

But the American financial market is a special market. The winner-takes-all rule leads to a rise in corporate stocks, allowing Vanguard Group to make money, and a plummet in corporate stocks, but Vanguard Group can still make huge profits by short selling.

Therefore, the profits this company has earned through these financial means in the past few years are definitely more than the amount stated in the public information.

After thinking for a moment, Huang Chaoren extended his right hand to Pioneer Group CEO Tim.

(End of this chapter)