Chapter 709: 600 Billion Is Just the Starting Point, 10,000 3-Bedroom Apartments

“Is Mr. Chen dissatisfied?”

Zhou Junkun asked directly.

“Mr. Zhou, you misunderstand. I’m very satisfied. Hu City’s terms are very generous.”

Chen Yansen replied nonchalantly.

Despite his words, his expression was one of dismissal.

“Mr. Chen, this is just a preliminary proposal. If you have additional requests, I’ll do my best to fight for them for you.”

Zhou Junkun didn’t believe Chen Yansen’s nonsense for a second. He quickly leaned forward and said with a smile, “Mr. Chen, we’re both straightforward people. There’s no need to beat around the bush. Take the land, for example. If you feel the plot in Lingang isn’t a sincere enough offer, there’s a reserved plot on the edge of the inner ring. It’s a bit smaller, only 220,000 square meters, but the location is superb. I can also help you apply for special policies.”

He paused, then added, “And regarding talent settlement, as long as Xingyuan Technology establishes its headquarters in Hu City, I will personally coordinate the household registration issues for core team members. I guarantee it will be greenlit all the way. You know how valuable a Hu City household registration is. This is a tangible benefit for attracting high-end talent.”

“Green City has offered Xingyuan Technology a 5 billion yuan subsidy for factory construction, tax exemption for the first five years, plus 1 million square meters of industrial land and 200,000 square meters of residential land.”

Chen Yansen said, looking troubled.

He hadn’t just made this up to drive up his price; it was the truth.

Otherwise, if Zhou Junkun were to ask around and find out he was bullshitting, wouldn’t that be burning the bridge completely?

200,000 square meters of residential land could be used to build about 4,000 to 6,000 standard residential units, or 8,000 to 10,000 units in a super high-rise, high-density complex.

The 5 billion yuan construction subsidy was even more attractive!

It was roughly equivalent to Xingyuan Technology’s phase-one investment, with Green City willing to cover 80% of it.

Add to that the 2 billion yuan subsidy promised by the Big Fund, and Chen Yansen would only need to invest 3 billion initially to own a ten-billion-yuan chip manufacturing plant.

‘Five billion?’

‘Has Green City gone mad!’

‘If everyone attracts investment like them, the whole country will descend into chaos!’

Zhou Junkun was filled with rage. He immediately wanted to call his boss and report this to Yanjing.

He had originally earmarked a 2 billion yuan interest-free loan, but compared to Green City’s offer, his was instantly crushed to dust.

‘This is shameless!’

“Mr. Chen, in your opinion, which is stronger in terms of industrial support, talent pool, and geographical location—Hu City or Green City?”

Zhou Junkun asked, his face filled with indignation.

“Hu City, of course. But Green City is just offering too much.”

Chen Yansen shrugged, looking helpless.

Zhou Junkun was speechless. He knew Green City’s appearance had a huge impact on his investment attraction plan for this trip.

He sneered inwardly, making up his mind to file a complaint against Green City’s Central Bureau later.

‘This is absolute nonsense!’

Chen Yansen watched with a faint smile as Zhou Junkun’s expression changed dramatically.

In reality, while he had spoken 99% of the truth, he had omitted one key piece of information.

To receive the full 5 billion yuan construction subsidy, Senlian Capital would also have to build a large Orange Phone Factory in Green City and promise to hire no fewer than 30,000 R&D, management, and frontline operational staff.

Zhou Junkun opened his mouth but didn’t know what to say.

After all, no matter how good Hu City’s conditions were, they couldn’t compete with someone just throwing cash at the problem.

What were low-interest or interest-free loans?

Green City was giving you money directly to build the factory!

All you had to do was keep the technology, industry, and employees local!

“Mr. Chen, I need to report this to my superiors. Please hold off on making a decision for now. Trust in Hu City’s strength. What Green City can offer, we can offer too.”

A few dozen seconds later, after composing himself, Zhou Junkun slowly urged.

Chen Yansen nodded in agreement. He wasn’t a fool. Naturally, he would wait for everyone to submit their offers before making a final decision.

After a few more minutes of awkward small talk, Zhou Junkun eagerly stood up to leave.

No matter how Chen Yansen tried to get him to stay, he was determined to go. He returned to his hotel immediately and, while frantically revising the investment proposal, called his boss to complain bitterly.

In short, Green City wasn’t playing by the rules.

But the “Fair Competition Review Regulations” wouldn’t be implemented until 2024. To put it bluntly, the higher-ups tacitly approved of Green City’s behavior.

But if the gamble paid off, it was a great achievement!

If the gamble failed, everyone involved in the investment plan, from top to bottom, would have to take the fall.

After a moment of thought, Jiang Liming, the head of the Hu City Central Bureau, instructed in an unhurried tone, “Adjust the industrial land to 1 million square meters and increase the construction subsidy to 2 billion. The other conditions remain unchanged.”

For Hu City, which already had Huaxin International, the arrival of Xingyuan Technology was merely icing on the cake, not a desperate necessity.

In his view, the terms he was offering were extremely generous.

‘Can Green City’s land even be compared to Hu City’s land?’

‘Their values are on completely different levels!’

The industrial cluster effect of Hu City’s prime location alone was something Green City couldn’t match.

If Xingyuan Technology really moved its headquarters here, upstream and downstream suppliers would be within arm’s reach. How much would logistics costs be reduced?

And there would be no worries about attracting talent. With so many universities and research institutions in Hu City, they could recruit top talent with ease.

Jiang Liming took a sip of tea from his cup and continued speaking to Zhou Junkun, “Just go negotiate with Chen Yansen with this new plan. Tell him this is the most sincerity Hu City can offer. If he still doesn’t get it, then so be it. We in Hu City have never had a shortage of companies wanting to set up shop here.”

On the other end of the line, Zhou Junkun repeatedly agreed, “Understood, President Jiang. I’ll get on it right away. I’ll be sure to convey your message.”

After hanging up, he looked at the newly adjusted proposal and felt a little more confident. He thought this should be enough to secure Chen Yansen this time.

A 2 billion yuan construction subsidy, plus a 10 billion yuan low-interest loan, and 1 million square meters of industrial land should be attractive enough.

「Elsewhere.」

Investment attraction delegations from Luzhou, Shencheng City, Green City, Jinling, and other places had also arrived in Xucheng one after another and were heading towards Zhuxianzhuang Science and Technology Park.

Because Huang Zheng was busy with the IPO roadshow in the Lighthouse Country, Chen Yansen was presiding over Pinbei’s weekly meeting and managing the rhythm of the Double Eleven sales promotion.

Pushing open the conference room door, he found the heads of all departments already waiting.

Chen Yansen walked to the head of the table, sat down, and signaled for the meeting to begin.

Hu Yun, the Director of the Data Department, was the first to report. “Brother Sen, last week Pinbei’s single-day transaction volume during the pre-sale phase was 2.73 billion, and daily active users increased by 11.7% week-over-week…”

The sales promotion target set by Huang Zheng was 15 billion.

On Double Eleven last year, Pinbei’s sales volume was 7.03 billion!

A year later, the target had more than doubled!

This showed how quickly Pinbei’s business and scale were growing.

After more than two years of development, the number of merchants on the platform had also grown from just over 500 to more than 300,000.

If the review process weren’t so strict, that number could have been several times higher.

“As of October 28th, Pinbei platform’s total transaction volume is 501.7 billion yuan. We’re 98.3 billion away from the annual target of 600 billion.”

Hu Yun looked up at Chen Yansen, his face wreathed in smiles.

He remembered clearly that after Brother Sen announced Pinbei’s IPO plan, he had immediately sent a company-wide email.

Once the 600-billion-yuan annual sales target was met, Brother Sen would add a bonus of 10 million Pinbei stock options, to be shared by everyone in the project.

From August to October, a period of three months, the average overtime hours for all of Pinbei had increased by 70%. Everyone was working their hardest.

“The average daily sales in July were 1.8 billion, and in September, it was 2.26 billion. The progress is indeed very fast. I still remember about the option rewards. Supervisors will receive no less than 50,000 shares, and directors no less than 100,000 shares. Additionally, upon completing the Double Eleven sales promotion target, the bonus multiplier for Q4 performance will be 1.1. For every extra billion, the multiplier will increase by another 0.1. For the annual target, with 600 billion as the baseline, the bonus multiplier will increase by 0.1 for every additional 30 billion.”

After Hu Yun finished his report, Chen Yansen announced this in a slow, deliberate manner.

In an instant, the breathing in the conference room grew heavier, and everyone’s eyes lit up.

They had heard that the value of each share option had already risen to 40 US Dollars. 100,000 shares meant 4 million US Dollars.

It would vest over four years, equivalent to 6 million Hua Yuan per year, for a total of 24 million over four years.

Who didn’t want to drive a luxury car and live in a mansion?

If they performed exceptionally well and got 200,000 or 300,000 shares, their net worth could easily exceed 100 million.

Song Yuncheng lowered her head, calculating just how many houses she could buy with the several hundred thousand share options she held.

Last month, she had bought another three houses in Luzhou. Adding those to her original five, she had a total of eight, making her a Landlady of sorts.

“Yes, Brother Sen!”

“Yes, Boss!”

The crowd was silent for a few seconds. It’s unclear who spoke first, but soon, a chorus of joyous responses rose one after another.

Their motivation was through the roof!

‘Meetings with Brother Sen are the best. He’s always giving out either bonuses or stock options.’

Xiang Pengfei chuckled, looking at Chen Yansen with a heart full of gratitude.

He had once thought about it. If he hadn’t joined FoxTao and then Pinbei, on a normal career path, with his academic qualifications, it would have been difficult to even get into second or third-tier internet companies like Mogujie or Meili Shuo.

Unless he had outstanding abilities, he would only have a chance to enter a company like Ah Li or Jingdong through experienced hire channels after several years of work.

As for campus recruitment?

He knew in his heart that his resume probably wouldn’t even make it past the first screening.

Just like Pinbei today, more than half of the interns came from top-tier 985 universities, including famous schools like Qingbei, Jiaoda, and Ke University. Graduate students and overseas returnees accounted for thirty percent.

“Ah Li’s sales this year are said to have already exceeded one trillion yuan. We haven’t even reached half of their amount. Remember, 600 billion is just the starting point, by no means the end. The better the performance, the higher the bonus. Orange Construction Development Company just won the bid for two residential plots in Luzhou. They’ll be building about 10,000 three-bedroom units in mid-rise buildings. They will be sold internally at cost, with the price per square meter being roughly 60% of the market rate. Of course, I’ll also set aside some of these houses to be given away as prizes at the annual party. But the specific number will depend on the final performance achievement rate at the end of the year.”

Chen Yansen waited for their commotion to die down, then waved his hand and dropped another new benefit.

‘Ten thousand three-bedroom units?’

‘At 60% of the market price?’

Hearing this, everyone was stunned for a moment, and then erupted into a tsunami of cheers.

Chen Yansen smiled faintly.