The penniless son of the penniless ...

Chapter 268: Tips from Mato Walls
"Excuse me, given the current financial situation and corporate reputation of the Trump Group, the financial institutions under the Goldman Sachs Group will most likely not agree to continue to provide loans to the Trump Group. After all, the Trump Group's current ability to repay debts is worrying, which is the common view of many banks..."

"...In fact, have you ever thought about mortgaging the real estate projects under the Trump Group to the bank, obtaining new loans, and then doing some projects with higher investment returns?" Mato Walsh thought for a while and finally gave the other party some hints.

"Invest in other projects with higher returns? Mr. Wallace, aren't you making it too easy? If there are high-yield projects that can make money, why would it be my turn to do it? Besides, apart from real estate, I am not good at other industries..." Trump smiled bitterly. As the future "King of Understanding", he is very self-aware as he has not yet become completely inflated.

Since their father's generation, the Trump family has been operating and engaged in the real estate industry, in which they have a large number of connections and channels.

As for setting foot in other fields, he had tried it before. However, whether it was opening a casino, operating a shipping business, managing a professional football team or sponsoring a professional boxing match, most of them were just losing money and gaining publicity, and they could not bring him a steady stream of income like the real estate industry.

It was because he spent $3.65 million to acquire Eastern Airlines' charter business and other large-scale real estate projects that the group's funds were exhausted, laying the groundwork for his subsequent near bankruptcy.

……

Matto Walsh is considering Goldman Sachs' plan to go public next year. If he wants to increase his influence at that time, he will definitely need to win over more billionaires to become his clients and "friends". Only in this way can he be at ease in the financial world.

As for a billionaire like Trump who is down on his luck, Matto Wallace still pointed out two other ways out for him. One is to try his luck at JPMorgan Chase, and the other is to contact Zhang Junfeng, the boss of Comet Capital.

If he could convince Zhang Junfeng, the investment expert, to take him along, it would only be a matter of time before they could get out of this predicament!

……

Looking at the two business cards handed over by Matto Walsh, Trump thanked him excitedly. Although he did not get help from Goldman Sachs, at least the other party gave him another way out. It was better to try his luck than to sit and wait for death!
However, he still prefers to visit JPMorgan Chase first. After all, it is also a financial giant on Wall Street. If it is willing to lend a helping hand, his financial crisis can be easily resolved.

As for Comet Capital, which he had not heard of much, Trump was a little dismissive. However, due to the other party's feelings, Trump did not question this unknown company in person.

Looking at Trump's leaving figure, Mato Walls shook his head helplessly. According to his understanding of Nacho Morgan, the other party would not do something thankless and invest a lot of money in a highly risky project.

The one who could really help him was Zhang Junfeng from Comet Capital. But whether this guy could understand it or not depended on his luck!

...In the luxurious suite of the Four Seasons Hotel.

Zhang Junfeng was answering a call from Lin'an City, Longguo, while Wu Xiuying beside him smiled awkwardly. She didn't expect that Ma Yun would bypass her this time and contact Zhang Junfeng, the big boss. This made her feel embarrassed. Fortunately, Zhang Junfeng didn't mean to blame her, which made her less nervous.

Ma Yun couldn't help but feel helpless when he heard the call asking for help from him. Compared with Ma Huazhuo who had been going smoothly all the way, his progress was much slower. And this time, he obviously threw a choice question back to him, letting him make the decision, which made him feel a little amused.

Previously, when Zhang Junfeng invested in Ma Yun, he gave him a considerable amount of funds and gave him many hints so that they could learn from Amazon's business model.

However, the innovation ability of this team is not at the same level as that of Amazon. Especially in terms of thinking, they will subconsciously choose to copy the routines of American Internet technology companies as much as possible, but they don’t know that there are actually big differences between the two sides.

Especially Internet companies in the United States, as the hottest industry at present, are favored by financial institutions all over the world. As long as they can come up with a decent concept, those already hurt financial institutions and investment banks will flock to spend money and try to acquire as many original shares as possible.

However, most of these Internet companies use the money raised from financing to spend lavishly on various useless promotions and publicity. The products they should have focused on research and development disappear for a year or two, and they even end up developing a piece of "semi-garbage" that has little use and market.

Zhang Junfeng naturally does not want Ma Yun and Alibaba to make such a "detour".

After all, there is currently no other Internet company engaged in e-commerce in the current Longguo market. While there are no competitors, we should quickly build our own framework to seize market share. It is really important to be the first to try it and make full use of all the inherent advantages!
……

As for what Ma Yun mentioned on the phone, that they plan to follow the example of Amazon and increase the exposure of the Alibaba shopping platform on many platforms, such as television media, newspapers and even some portals, in order to attract more merchants to join the website and become sellers, Zhang Junfeng is not optimistic.

After all, those who are willing to accept this new way of shopping online are mostly young workers who are busy with work and have little time to go shopping in shopping malls. At this stage, it is useless to rely on some small merchants who may not even have a computer or access to the Internet, even if they see the advertisements of the Alibaba shopping platform.

They are also unlikely to spend a large sum of money to purchase computers, apply for network cables, log in to the website to register a seller account just for this uncertain news and distribution channels...

In comparison, the second solution proposed by Ma Yun is much more feasible: inviting foreign retail and food companies such as Sanshang Department Store, Five Star Department Store, and Elephant Group to enter Alibaba's shopping platform and become the first batch of sellers on the website.

(End of this chapter)