章節 39: Chapter 39: Miscellaneous Matters
After some consideration, Liu Tianci picked up the phone and called the General Manager's office at HSBC Securities Headquarters.
"General Manager, this is Liu Tianci. I have encountered an issue here and would like to report it to you. The situation is as follows... My proposed solution is... Alright, I understand. Goodbye, Manager!"
After hanging up the phone, Liu Tianci breathed a sigh of relief. The General Manager agreed with his proposed solution, so his pressure was greatly reduced.
He was confident that his solution would satisfy Xia Yu.
Next, Liu Tianci dialed another number.
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In the office of Jiuding News, Xia Yu did not wait long before the phone rang. He answered it: "Hello, this is Jiuding News. Who is this?"
"Oh? It's Manager Liu. Good morning…"
Hearing Liu Tianci's voice, Xia Yu couldn't help but smile. As he had expected, Liu Tianci quickly called to communicate with him.
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"Alright, I am available tonight. The Kowloon Grand Hotel, right? I will definitely come. Okay, goodbye…"
After hanging up, Xia Yu leaned back in his chair, deep in thought.
Liu Tianci had already explained the situation on the phone, did not evade responsibility, and directly admitted that the leak came from one of his employees who was drunk and inadvertently disclosed information. He also requested Xia Yu's forgiveness and invited him to dinner at the Kowloon Grand Hotel, likely to discuss matters in person and offer specific compensation measures.
This was a good opportunity. Since Liu Tianci had shown a positive attitude, Xia Yu decided to see what kind of compensation Liu Tianci would offer. After all, a mistake had been made and an agreement violated. Liu Tianci had to make amends.
In truth, Xia Yu did not expect Liu Tianci to offer any substantial compensation on behalf of HSBC, given HSBC's special status in Hong Kong. However, since compensation was offered, Xia Yu would accept it.
Xia Yu originally planned to have dinner at home tonight, but since Liu Tianci asked if he was available, Xia Yu decided to go out for dinner. This would also be a good chance to build a relationship, especially since Liu Tianci was at a disadvantage and needed Xia Yu's understanding due to the incident.
"Since I can't go out, I might as well handle company matters now and address this issue tonight," Xia Yu thought, and then began dealing with company affairs.
After a long time, Xia Yu stretched, rubbed his temples, and looked at the pile of documents and drafts on his desk, feeling somewhat helpless.
Most of these were trivial matters that needed his review and signature. They weren't significant, but as the owner with no other senior management, he had to handle everything personally. However, these matters were consuming his time.
This was not cost-effective for him. He could use this time to write novels or trade stocks, potentially earning more. Instead, he was bogged down with such mundane tasks.
If this continued, he would have no time for other activities. Jiuding News's current strategy was to consolidate its achievements and solidify its foundation. These tasks didn't necessarily need Xia Yu's direct involvement.
"It seems I need to hire an assistant immediately to help manage things. Additionally, since I plan to enter other industries in the future, it's a good time to start training someone to take over Jiuding News," Xia Yu concluded after some reflection.
At that moment, Huang Wenshan, the Head of the Advertising Department, knocked and entered, looking excited and almost floating with enthusiasm.
"Boss, you are truly brilliant. Those companies are fighting like crazy," Huang Wenshan said, his face flushed with excitement.
Hearing Huang Wenshan's words, Xia Yu became interested and said with a smile, "What's the specific situation? Tell me more."
"Alright, Boss."
"I followed your instructions and brought the companies together. I required that only one company's ad be placed per industry per issue, and set a minimum price. The companies scrambled to bid for the ad space. The final transaction price was much higher, and almost all companies signed up for the monthly limit we set. The total transaction amount has reached 1.02 million, and the contracts are signed," Huang Wenshan said happily, his smile growing wider as he described the competitive bidding process.
There was another aspect Huang Wenshan did not mention: when the companies learned that the ad contracts were only for one month and could not be extended, they were astonished by Jiuding News's approach. Typically, no newspaper imposed such a restriction, but Jiuding News did, which made many companies believe in its confidence. Consequently, many companies were more willing to bid higher prices.
Hearing that the ad space sold for 1.02 million, Xia Yu was very pleased. This was 120,000 more than he had expected. It seemed that these businesspeople had not anticipated Xia Yu's use of industry exclusivity to force them to bid higher.
After so many days, Jiuding News did not seem like a fleeting phenomenon. This performance bolstered their confidence in competing for the top newspaper position in Hong Kong, enhancing the company's brand effect.
So, even though the method of using industry exclusivity was unexpected, companies had to accept it due to the seller's market.
"This method can only be used by Jiuding News because of our high sales and strong position. I'm sure other newspapers will be envious when this news spreads. Similarly, companies with advertising needs will recognize Jiuding News," Xia Yu thought.
Next, Xia Yu decided to hire a deputy editor to assist him.
"Yellow Wenshan, bring Zhao Cheng in," Xia Yu said.
"Okay, Boss."
After Huang Wenshan left to fetch Zhao Cheng, the two soon returned.
Seeing Zhao Cheng's puzzled expression, Xia Yu said, "The Advertising Department has sold all the ad space, and the first month's total amount is 1.02 million. Write up the details and results and have it published in tomorrow's newspaper."
"Also, if other companies bring their specific ad content, make sure to review and check the layout carefully to avoid any mistakes."
"Got it, Boss!" Zhao Cheng quickly nodded, his eyes filled with shock and excitement. He was amazed that the Advertising Department's ad revenue for one month reached such a high amount. That meant they could earn over 10 million from ads in a year!
He could already imagine the scene when this price became public. It would be unprecedented in Hong Kong's newspaper industry, and Jiuding News would set a new record.
A sense of pride filled him as he straightened up.
"Also, send out a recruitment notice for a deputy editor to assist me. The candidate should have some experience. Prepare resumes and notify the candidates for interviews later," Xia Yu added.
Hearing this, Zhao Cheng and Huang Wenshan were startled. The Boss wanted to hire someone for a high-level position, which would be their superior. This news required serious consideration.
They had not considered this position, realizing their own limitations, especially given their past difficulties with a newspaper with a daily circulation of 3,000. Now, handling Jiuding News with a circulation of 250,000 was even more daunting.
Even if Xia Yu promoted them, they were concerned about making mistakes.
However, the prospect of someone else stepping up to such a position evoked envy. They wondered who would be the fortunate candidate.
"Alright, Boss, I've noted it down," Zhao Cheng said quickly.
"Good. Do you have any other matters?" Xia Yu asked them.
"No."
"Boss, we're leaving now."
Nodding to them, Xia Yu did not say more. Once they left, he resumed his contemplation.
Although Xia Yu had planned to keep a low profile for Jiuding News and consolidate its position, plans changed with the sudden revelation of his stock market earnings. His plan for discretion was ruined.
He anticipated that his stock market gains would become a hot topic. If other newspapers seized the opportunity to sensationalize or criticize him, the attention would persist even longer.
"Well, since the news is out, it's not without benefits. It will boost Jiuding News's sales again, but personally, it will cause trouble."
"It's just an unexpected complication. It's not yet time to establish a securities company. If I were to establish one, this news would be a great help in raising funds. Unfortunately, the timing is off."
"For now, I'll stay low-key and avoid acknowledging the situation. How others perceive it is not my concern."
"I'll also arrange for the advertisement revenue to be published tomorrow to further promote the company and divert attention. I've decided to stay low-key personally but make high-profile moves professionally."
"I just hope no one takes an interest in me. Wealth has been exposed, and I need to have the strength to protect it."
"It seems personal safety is a pressing concern!" Xia Yu thought with a serious expression.
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