Chapter 64 Accident
The international crude oil futures market was already in a state of widespread grief. Many people's assets had been wiped out, and countless hedge funds and investment banks had gone bankrupt.

Only Yang Hai was frantically shorting international crude oil futures and making huge profits from it, while those hedge funds and international investment banks were no longer able to fight back.

In fact, even without Yang Hai's instigation, under the current economic situation, the international crude oil futures prices are destined to continue to fall and continue to plunge. Even Jesus cannot save their fate, and the US government cannot save these investment banks and hedge funds.

Not only did the international crude oil futures prices plummet, but even the international gold futures prices were plummeting, and the stock indexes of major stock markets were also plummeting. Everyone was withdrawing funds just to protect themselves, and cash was king.

Even well-known venture capital companies are adopting cautious investment strategies, or have simply canceled all investment plans, making it extremely difficult for entrepreneurs to raise funds.

Some startups that are in urgent need of financing to survive have also found it difficult to move forward and can no longer find any channels for financing. All venture capital companies and investors have only one answer when faced with those who come to them for help and want financing: they have no money.

At that time in the United States and China, there was only one company called Huasheng Investment. No matter who wanted to raise funds, as long as the company's operations were good, there was no problem with its performance, it had sustained and stable profitability, or development prospects, it would basically not be empty-handed and it would be easy to raise funds smoothly.

Relying on her strong financial strength, Li Ying quickly became well-known in Silicon Valley, USA. Many startup companies heard about her and hoped that Huasheng Investment would invest in their companies.

This person invested $3 million in Facebook and $1 million in Tesla. If such an investment company does not have strength, then what kind of investment company is considered to have strength?

As a result, Li Ying became very successful in Silicon Valley, USA, and many people begged her to invest in them.

However, Li Ying is also very picky when it comes to the investment projects she chooses. It is not the case that she will invest just because you want her to. She will only be willing to invest in projects that meet her conditions and that she is optimistic about.

Moreover, Li Ying usually chooses newly established companies. If she is going to invest, she will invest in angel rounds, A rounds, and other companies, unless they are already relatively well-known companies.

Li Ying is not very willing to invest in companies like Facebook because the valuation is too high and she cannot get much benefit.

But she also had to admit that investing in such large companies could at least bring stable and generous returns, with almost no possibility of investment failure and relatively small risks.

However, although the risk is small, the investment is huge. For some newly started companies, although the investment risk is high, once the company develops successfully, the returns that can be obtained are also huge.

High risk brings high returns. Investments with low risks will naturally not have high returns.

In fact, Li Ying didn't know that Yang Haiguan didn't care much about how much return she could get from the projects she invested in. As long as she didn't lose money, it would be fine. If she could get a good return, that would be even better.

Yang Hai’s key investments were all planned in advance, such as investing in Facebook, Groupon, and Tesla.

As long as Li Ying can successfully complete the investment tasks and investment goals he arranged, for Yang Hai, Li Ying is a qualified investor.

Now, Li Ying suddenly received an investment task assigned to her by Yang Hai, asking her to find a way to contact shareholders of well-known companies such as Apple and Amazon and acquire the shares held by them.

In fact, Yang Hai did not have much hope that Li Ying could acquire shares from the shareholders of these companies. He just wanted to give it a try.

After all, purchasing shares directly from shareholders will be more effective than purchasing shares in the secondary market.

If you buy a large number of stocks in the secondary market, it will cause the market to react and cause the stock price to rise sharply.

However, to Yang Hai's surprise, Li Ying actually did it and exceeded his goal. Many shareholders of these companies were willing to reduce their holdings, but because the current stock price was too low and they needed to apply for a reduction, they always wanted to wait until the stock price rose a little before applying for a reduction. However, they did not expect that the longer they waited, the lower the stock price would fall.

Li Ying took the initiative to visit them and contacted them, which made them more eager to reduce their holdings.

Because the acquisition conditions offered by Li Ying were really hard for them to refuse, as they were 10% higher than the market price.

In addition to arranging Li Ying to contact the shareholders of these companies and purchase shares directly from them, Yang Hai also began to arrange for the securities investment department to buy stocks of these companies.

Not only the US stock market, but also the Hong Kong stock market, such as Penguin, A L, BYD, and the domestic stock market, such as China Liquor Co., Ltd.

How can you not spend all the US dollars you have? If you keep them in your account, they will only depreciate. Only if you invest them can they appreciate.

On the other hand, Fan Jinliu also took people to various major redwood trading markets to purchase large quantities of redwood, especially Laotian red rosewood. He bought as much as he could get. In addition, Fan Jinliu actually purchased some Hainan Huanghuali wood and Vietnamese Huanghuali wood, as well as Indian small-leaf red sandalwood from Xianyou, Fujian Province.

Huaxing Furniture Factory quickly recruited workers and officially started producing furniture. It also opened the first Huaxing Furniture store in the central area of ​​Linhai City.

Red oak modern solid wood furniture, mahogany antique furniture, and new mahogany furniture are all on the market at the same time.

Although this was the time when the global financial crisis was at its worst and the domestic real estate market was at its most depressed, there were still many wealthy people in the central area of ​​Linhai City, and the housing prices in the central area of ​​Linhai City did not fall much, and some luxury housing communities even saw an increase in prices.

Therefore, the business of Huaxing Furniture Store was surprisingly good after its opening.

And this is when the price is not low and there is no discount.

What surprised Yang Hai in particular was that modern solid wood furniture made of red oak actually sold better than rosewood furniture, and new rosewood furniture sold better than antique rosewood furniture.

Since modern solid wood furniture made of red oak is selling well and has very good sales, of course we will continue to produce it in the future.

You should know that modern solid wood furniture made of imported red oak is more expensive than rosewood furniture. Of course, the price of imported red oak is not cheaper than ordinary rosewood.

However, despite this, because the imported red oak wood is of good quality, it is straight, long and thick, with few cracks, hollows or knots, so the utilization rate of the wood is very high.

However, rosewood is generally prone to cracking, scarring and hollowing, and its utilization rate is relatively much lower than that of imported red oak.

Calculated in this way, although the price of imported red oak is also high, the cost of furniture produced with it is relatively low because of its high utilization rate. For the same set of sofas sold, the profit of modern solid wood furniture made of imported red oak is actually higher than that of rosewood furniture.

In addition, in terms of production, because the density of red oak is not as high as that of mahogany, it is easier to process and can be completed in an assembly line manner, which makes production more efficient and easier to manage.

However, it is different with rosewood furniture. It is basically difficult to achieve assembly line operation. Most of the production is done by masters and apprentices. Not only is the output small, but the processing cost of each piece of furniture is also higher.

For example, to produce a set of mahogany furniture, the cost of carpentry will be as high as about 2000 yuan, which mainly depends on the difficulty of the craft. The higher the craftsmanship requirements, the higher the production cost.

Moreover, most mahogany furniture requires carving, which is also an additional expense. The cost of carving a set of sofas is no lower than that of carpentry.

Another thing is paint. For modern solid wood furniture made of imported red oak, you can just spray paint it directly. However, for grown red wood furniture, the painting process is also very complicated. It is basically done by hand, and raw lacquer is often used. If people with skin allergies come into contact with this raw lacquer, they will feel itchy all over.

Some mahogany furniture is directly waxed. No matter which kind of painting method or waxing is used, it is inseparable from several times of careful polishing.

Sand with coarse sandpaper first and then with fine sandpaper, so the cost of painting is also very high.

If it is high-end mahogany furniture, the profit can still be guaranteed because of the high selling price. For example, the selling price of a set of red sandalwood palace chairs is as high as hundreds of thousands, and the selling price of a set of red rosewood sofas is also as high as hundreds of thousands.

And that was in 2008. Two or three years later, you wouldn’t be able to buy a set of rosewood sofas for less than or yuan.

However, these are relatively high-end mahogany furniture, and because of their high selling prices, the profits are naturally high as well.

But if it is ordinary rosewood furniture, such as African rosewood furniture, the price will be much cheaper. You can buy a set for 2000 yuan. After all, the price of African rosewood is also cheap, only more than 2000 yuan per ton, or even less than 1800 yuan, only yuan is enough.

However, although this kind of entry-level, low-end mahogany furniture is easier to sell, the profit is also limited.

Due to the production process, its production cost is not much lower than that of high-end mahogany furniture.

Whether it is carpentry, carving, or painting, the labor costs are actually about the same, at most they are just a little more expensive.

Moreover, most rosewood furniture factories mainly produce ordinary rosewood furniture, mostly African rosewood and Burmese rosewood furniture, so the profit is not very high because it is difficult to produce on a large scale.

(End of this chapter)