Chapter 432 Do you know 749?
"Brother Dong, do you know there is a place called Factory 798 in Beijing?"

"What?" Mr. Huo was completely confused. "What factory? What does this do?"

Wang Deming sighed in his heart, not only Mr. Huo, but many Chinese people, including local people in Beijing, may not know this.

He slowly said, "Factory 798 was the earliest name, it was in Jiuxianqiao."

“现在全称是华北无线电器材联合厂，有706、707、718、751、797、798，还有738厂，也就是京城有线电厂.”

"There is also the Beijing Electronic Tube Factory and the Motor Factory over there."

"It was established during the Korean War in the 50s to solve the problem of electronic communications for the military. The total investment was 1220 million yuan, and the annual output was million units."

Mr. Huo finally understood, "So they produce electronic components."

"Isn't that the same as the televisions, semiconductors, and electronic watches in Hong Kong today?"

"Now many people in Hong Kong are making money from this. Motorola from the United States has opened a branch in Hong Kong."

"Hey," Mr. Huo suddenly remembered something, "Last year, Hu Xiaoqing announced his retirement. Did you buy his Universal Electronics?"

Wang Deming smiled and nodded, "That's right!"

"I bought all of Universal Electronics for $200 million."

Many people have not heard of Universal Electronics, but this company was the first electronics company to be listed in Hong Kong in 69.

Founded in 61, by 79, it produced 200 million semiconductors, 20 black-and-white TVs, and 100 million electronic watches annually.
Most importantly, the products produced by Global Electronics are exported to the United States and the United Kingdom, and it already has very good channels.

Mr. Huo asked with a smile: "De Ming, are you planning to invest in the electronics industry now? Are you also planning to invest in the electronics industry in mainland China?"

"That's right!" Wang Deming said confidently, "I have investigated the electronics industry in mainland China, and it is actually very developed."

"The industrial base in Jiuxianqiao, Beijing, that I just told you about is one, and there is also the East China Computer Institute in Shanghai, Shanghai Component Factory No. 5, Optics Factory, Electron Tube Factory, and Radio Factory;"

"There is also the Solid State Circuit Research Institute in Yongchuan County, Sichuan, the Yonghong Instrument Factory 749 in Tianshui, Gansu, and the Tianshui Integrated Circuit Factory of Factory 871."

Wang Deming became more and more excited as he spoke. "In 73, the mainland had a large-scale computer with a capacity of one million times per second. Originally, in 73, we hoped to import seven 3-inch wafer production lines from the United States, but Europe and the United States did not provide them due to the technological blockade. However, China's independently developed third-generation lithography machines, CMOS circuits, and DRAM storage are only about five years behind Europe and the United States."

"Brother Dong, think about it, where does the technology research and development come from in Hong Kong? They all buy electronic components from the UK or the US for assembly."

"If I place orders for these basic components in mainland China, the cost will be reduced by at least 50%. How can the Japanese compete with me for the market?"

"Most importantly," Wang Deming's eyes lit up, "China has the technical research and development capabilities. I can cooperate with domestic technical departments in research and development through Global Electronics."

"As long as we persevere, Universal Electronics will surely become a first-class global enterprise, no worse than Intel, Motorola and the like!"

Mr. Huo did not spoil the fun, but thought of something, "Deming, the game machines you arranged on the street are your next focus, right?"

"Haha, that's right!"

After Wang Deming acquired Universal Electronics last year, he immediately ordered the research of several arcade games, including "Robotech", "Asian Cubes" and "Pac-Man".

And they spent a lot of money to recruit Toru Iwatani and Gunpei Yokoi from Namco Co., Ltd., and Shigeru Miyamoto from Nintendo. There is a saying that there is no such thing as betrayal, it only depends on whether the price you offer is appropriate! (Unless they are Communist Party members with faith before the founding of the People's Republic of China), and the Japanese are a nation that admires the strong.

In order to recruit these people, Wang Deming gave them shares and resettlement fees.

In recent years, he has bought a lot of real estate in Tokyo through Hong Kong Land, and has a good relationship with Mitsui Fujiwara of the Mitsui Group.

Of course, the most important thing is Wang Deming’s golden finger that is good at persuading people.

The Golden Finger failed to convince the bigwigs in the mainland, as they are all extremely determined, and it is very accurate in convincing the people in these capitalist countries.

"Then you better be careful. I recently heard that some legislators reported that street game consoles can easily corrupt children."

Wang Deming shrugged. "It's the nature of children to like to play. Every generation is said to be the lost generation, but what's the result? Every generation has its own ideas."

"Ahem!" Mr. Bao coughed lightly, "Mr. Huo, I have something to discuss with De Ming in private?"

"Oh, good!" Mr. Huo reacted immediately, and then stood up with Mr. He, "Mr. He, let's go over there to see how the ladies are doing."

After Mr. Huo and Mr. He left, Mr. Bao shook his head helplessly, "Deming, please talk to Mr. Huo in private."

"Mr. He's business is not on the same path as ours."

Wang Deming nodded, unpacked the special cigarettes he brought back from Beijing, gave one to Mr. Bao, lit it, and exhaled a wisp of smoke, "Today is also to give Brother Dong a face."

"I hinted so clearly, but Mr. He didn't respond at all, so I couldn't accept him."

"In my opinion, being in the gambling business and selling opium are both things that will cause loss of virtue."

"Also, what is charity? We Chinese have our own understanding, and we don't want to learn the hypocrisy of Westerners."

"Well, it's good that you know." Mr. Bao then said his purpose this time: "De Ming, I know that you have been secretly eyeing the four major foreign companies in Hong Kong."

"Now that Wheelock and Hutchison Whampoa are in your hands, are you planning to take over Jardine Matheson next?"

"Yes."

"Alas," Mr. Bao sighed, then said, "Although I made a lot of money following you during this oil crisis, my main business is tankers. You are also the second largest shareholder of Global Shipping, so I will tell you frankly."

“I’m going to reduce the size of the tanker.”

"Do you mean you are ready to go ashore?" Wang Deming asked back.

"Yes." Mr. Bao looked at Wang Deming with burning eyes: "I think this oil crisis is different from the past. The Middle East is already tied together. As long as they reduce the scale of oil production, oil prices will continue to rise. Moreover, the Western economy is in recession, and the freight business will definitely decrease in the future."

Mr. Bao said directly, "Deming, I want Wharf!"

"I have scanned the stocks in the market and I already have 15 points. I believe you must have a lot of them. I want you to transfer your Wharf shares to me."

(End of this chapter)