Chapter 70 Discussing Investment
"When I was young, I once apprenticed under a master and learned Chinese medicine, but I wanted to study without distractions, so I'd prefer if only you knew about this, Uncle. Please don't mention it to anyone else," Ge Dongxu replied.
Cheng Yazhou, being a businessman, had seen a bit of the world and understood certain norms. Besides, he didn't want his family to worry, so since Ge Dongxu asked him not to bring it up, it suited him just fine.
"I understand, and I don't want to concern your aunt and Lehao either, so you don't need to tell them about it. I'm still somewhat worried about my condition though. You're skilled in medicine—other than maintaining a healthy diet and lifestyle, do you have any other ways to ensure this illness won't happen again? Lehao is still young; I really can't rest easy just leaving things as they are." Cheng Yazhou nodded, then looked at Ge Dongxu with a gaze full of expectation and pleading, and as he spoke of Cheng Lehao, his eyes reddened a bit.
"Since I've detected your illness in advance, Uncle, you don't need to worry too much. Once you get back, I'll write a prescription for you to adjust your condition, and if you pay attention to your diet and exercise more, you certainly won't relapse," Ge Dongxu said. Find more to read at empire
Having gone through the recent event, Cheng Yazhou had developed considerable trust in Ge Dongxu. His own father had died of a sudden myocardial infarction, and even after being taken to the hospital, they couldn't save him, whereas Ge Dongxu had managed to snatch him from death's grasp with just acupuncture. Such a vivid experience left no room for Cheng Yazhou to doubt Ge Dongxu, unless there was something wrong with his brain.
"That's good to hear, really good. For assisting Lehao in his studies and now saving my life, I don't know how to thank you," Cheng Yazhou sighed with relief, his face full of gratitude.
"Hehe, there's no need for such formalities, Uncle. Speaking of which, what exactly happened in Provincial Capital? Were people intentionally avoiding repaying their debts, or were they genuinely unable to pay up?" Ge Dongxu said with a smile, waving his hand, before bringing up Cheng Yazhou's issue with debts.
It wasn't that Ge Dongxu was being nosy; he wanted his money to earn more money, and he needed to understand more about business to gain experience. Considering his age, it was unlikely anyone would discuss business matters with him, but since he'd just saved Cheng Yazhou, asking him about these matters was no issue. Moreover, if the other party genuinely had money and was deliberately avoiding payment, Ge Dongxu had the means to help Cheng Yazhou.
"It's not that they're intentionally avoiding repayment, but rather their business has taken a loss and they temporarily can't repay the money. Unfortunately, I urgently needed a large sum of cash to purchase a machine for producing laser anti-counterfeit labels, and without their repayment, I can't afford the machine," Cheng Yazhou explained, unable to see Ge Dongxu in the same light as before ever since he'd saved him, and so he offered an explanation when asked again.
"What, Uncle, are you planning to invest in the production of laser anti-counterfeit labels?" Ge Dongxu asked, his eyes lighting up upon hearing this. He had some funds at hand and was pondering how to make more money from them, and Cheng Yazhou's words gave him a hint of an investment opportunity.
Of course, he knew investments shouldn't be made blindly, so he needed to gather more information.
"Yes, laser anti-counterfeit labels have started to become popular over the last couple of years. I have a few clients who were using traditional labels but now they all want to switch to laser anti-counterfeit labels, and this is definitely a trend for the future. It's better to start early to get more profit, as opposed to when everyone else jumps on the bandwagon and it's too late. But importing a set of production machinery for the labels takes about one and a half to one and six million yuan. I've made some money from my businesses over the years, so I thought I could collect some of that money, mortgage my house for a loan, and bring in Lehao's uncle as a partner. It should have been fine. But then two big customers ran into trouble, leaving me with very little capital," Cheng Yazhou said, clearly disheartened.
"Why not find a few more people to partner with?" Ge Dongxu suggested, feeling somewhat enticed by Cheng Yazhou's analysis.n/ô/vel/b//in dot c//om
"It isn't easy to find business partners, you're too young to understand. When it comes to interests, even brothers can end up in conflict. I've been in business partnerships with close friends in previous years. It was fine when the business was good, but once we started losing money, they blamed me, and we ended up no longer being friends. Producing laser anti-counterfeit labels requires significant investment. I may talk a good game, believing in its prospects, but business is unpredictable. If we make a profit, it's fine, but if we lose, it's a different story. I've been burned before, so I can't just casually bring in more partners. Lehao's uncle, on the other hand, has a more agreeable personality, so I thought there wouldn't be a problem there," Cheng Yazhou said with a rueful smile and a shake of his head.
Ge Dongxu was intelligent. From what Cheng Yazhou had said, he understood that Cheng Yazhou's primary concern was the fear of the business failing and dragging others down with him. Ge Dongxu admired him all the more for his concern and said, "Business is naturally risky; one shouldn't blame others if things go south. I actually find the laser anti-counterfeit label business quite promising and would like to partner with you, Uncle. What do you think?"
"You, partner with me?" Cheng Yazhou's eyes widened in shock as if he suddenly didn't recognize Ge Dongxu.
It's not surprising for Cheng Yazhou to react this way. Despite his years in business, he had never discussed business with someone so young, let alone consider a partnership. Moreover, this young person was his son's classmate, which was even more absurd. Had it not been for Ge Dongxu's life-saving act just before, prompting him to view this young man as out of the ordinary, Cheng Yazhou would have outright scolded Ge Dongxu for speaking nonsense.
"That's right. I've got some spare cash and am looking for a place to invest it," Ge Dongxu affirmed with a smile.
"Are you serious, Dongxu? This isn't a joke. Do you really have spare money? How much? Do your parents know?" Having spent over a month getting to know each other, Cheng Yazhou was still adjusting to the idea and subconsciously saw Ge Dongxu as a child.
"I have about seven hundred thousand that I can use, earned by myself. I can make decisions on my own when it comes to that money," Ge Dongxu replied.
"Seven... seven hundred thousand!" Cheng Yazhou's eyes bugged out, nearly exclaiming in surprise.
"If it's not enough, I could potentially shuffle around another hundred thousand, but any more than that would be impossible," Ge Dongxu said earnestly. He had planned to set aside about two hundred thousand for his parents, but if Cheng Yazhou's situation was truly dire, he was willing to consider giving his parents less for now.
ps: Continuing to seek all kinds of support, thank you very much.