Chapter 120 - Hot Media Discussion

Chapter 120: Hot Media Discussion
Translator: 
Nyoi-Bo Studio 
 Editor: 
Nyoi-Bo Studio

In the blink of an eye, a month had passed since Zhen Ker Shin joined Xing Hai Technologies. Working in this company, she felt that her days were very fulfilling and happy. She was glad to be able to join this company and become a part of its big family. She thought that the company’s management system was very good in various aspects. For example, the ‘peak time policy.’ Considering the peak time for traffic congestion in Shang Hai, it was within company regulations that staff could choose to work from 10 am to 6 pm aside from the default 9 am to 5 pm. For those who held technical posts, they could choose to rest in the morning, rush to the office at noon, and work until nine at night. For non-controversial work that could be done from home, the company allowed staff to complete them at home. Every staff member could apply for a maximum of two days per week to work from home.
Besides all of that, the company hired an outsource canteen, with a standard price of five dollars per person, with five-star chefs that were hired to prepare lunch and two dinners. The food provided was rich in nutrition and scrumptious all the time. It was definitely a company that satisfied their staff’s food cravings.
Furthermore, the personnel under her service, deputy general manager Liang Ying, took very good care of her. The care she gave her was to an extent that sometimes made her flabbergasted. She treated her to meals frequently, guided her patiently at work, and cared for her in life. Even if she made some minor mistakes, Mrs. Liang always told her it was fine, with no words of criticism at all. She felt that she had a particularly good leader, and therefore she was very serious at work, thus improving very quickly. She was getting more and more praises by the day. Moreover, her monthly salary was 18k. She wished that she could always stay in this excellent company.
On the other hand, her performance within this time period was always secretly watched by a pair of curious eyes. Inadvertently passing by her office, deliberately bumping into her in the elevators. She even encountered the person twice in the washroom when she was making a quick stop.
Because of Chen Jin’s usual low-key and mysterious character — and the fact that he seldom appeared in the headquarters as compared to the R&D factory — aside from the few executives in the company, not many regular staff were able to recognize him, including Zhen Ker Shin. Even after several encounters, she failed to notice that he was the company’s boss.


There was one time in the elevator that Chen Jin greeted her.
Hello, are you working in Xing Hai Technologies?


Yes, what about you? Are you working here as well?
Zhen Ker Shin said while holding a file in her hands.

Yeah, I’m in this company too.
Chen Jin nodded.

That makes us colleagues, let’s look after each other.


Sure. The elevator is here, after you.
The elevator door opened. Chen Jin made a gesture asking her to go first.

Thanks.

….
After two days, deputy general manager Liang Ying brought her to Ling Dong Jun’s office to discuss some things. Zhen Ker Shin was surprised to see the young man that she had met before in the elevator sitting opposite of executive CEO Ling Dong Jun and chatting with him loudly with his legs resting on the table.
After the young man saw them coming in, he quickly put his legs down and changed into a serious expression. Subsequently, they both were cast aside as Liang Ying and Ling Dong Jun went on to discuss serious matters.

Hi, why are you in Ling Dong Jun’s office?
Zhen Ker Shin tossed the question at him out of curiosity. She had a realization and asked,
Could it be… are you Ling Dong Jun’s personal assistant? You have the same job as me?



Chen Jin, whose eyes were spinning as he desperately thought about what to reply to her at that moment, instantly nodded and said,
Yea yea, what you said is correct… I’m Mr. Ling’s personal assistant.
Once again, he couldn’t help himself from peeking at the girl’s blue ponytail.

But why did you have your legs on the table while talking to Mr. Ling, isn’t that inappropriate?
 Thinking about his discourteous act, Zhen Ker Shin had to get it out of her system, because she thought it was really rude.

Oh, okay, I won’t do it again next time.
Chen Jin had an embarrassed look on his face as he nodded his head and assured her of his understanding. Therefore, as Ling Dong Jun’s
personal assistant
, gradually, the number of encounters between Chen Jin and Zhen Ker Shin grew.
…
On July 28th, Xing Hai Technologies and Zhong Xin International formally signed a partnership agreement and complied to various strategic collaborations, including the 2.5 billion fund injection by Xing Hai Technologies to acquire 8% of Zhong Xin International’s total market shares, the order confirmation for the two million chips, establishing the long-term partnership, and so on. After all of this was announced, it attracted massive attention from the media! Various review articles were written.
Economy Watcher;
This partnership will have massive effects! The Wa-wah robot released by Xing Hai Technologies had six million units sold in less than six months, it is not an issue for sales to pierce 10 million units by the end of the year. With a price of $750 per unit, in terms of revenue, this young company which has been established for no more than six months is expected to have a grossing annual revenue of 50 billion, and is most certain to earn a spot in the top 500 enterprises in the country. This is a company with a miraculous growth rate! The net profit margin for the Wa-wah robot is not low at all, with sales conducted online, the net profit gain for each unit of Wa-wah robot is expected to be at least 20%. With so much cash at hand, it is within expectations that Xing Hai Technologies will invest in other companies. 2.5 billion is not considered much but it is enough for us to see the ambition of the rising company.

Business Weekly:
This is a mutualistic partnership. Sales for the Wa-wah robot are expected to exceed 10 million units per year. In correlation, the use of core chips will also be above 10 million. Moreover, recent news states that Xing Hai Technologies invested 500 million in their partnership with Cold Five Instruments to develop an AI chip. Now, they injected another 2.5 billion of funds into Zhong Xin International. This indicates that Xing Hai Technologies has intentions to enter the chip industry with a bang! However, the chip industry is a high-end field that involves huge investments, long cycles, and high risk of failure. Average companies will not dare step foot in chip R&D that easily, but for this new company which was established for less than a year, they invested a full three billion in it! From this, we can clearly see the daring resolution of Xing Hai Technologies.

Southern Economy:
Ridiculous! A company with a bright future in developing household robots not focusing on what they excel at, but suddenly announces to invest in chip development. Won’t that be putting the cart before the horse? If you step too wide, you might pull your balls, I would like to advise the entrepreneurs of Xing Hai Technologies: Do what you should do and forgo the chip field, do not strain at a gnat and swallow a camel.

The Internet Weekly:
What Xing Hai Technologies is doing is very puzzling. There were rumors that just recently, they spent a few hundred thousand to buy a supercomputer ranked at number six within the country from Dawn Enterprise. What are they doing with such a high-performing supercomputer? Now, they are investing another three billion in the chip field. They are just banging away clumsily in all directions with no overall vision, giving people the feeling that they are too rich, we cannot help but to doubt: can this company get their default job done and maintain their growth? They must know that there are many companies in the country that have started similar development efforts in cleaning robots.

Top Finance:
The goals of Xing Hai Technologies should be becoming the Z nation’s second Da Jiang and take the lead in the field of household robots. But Xing Hai’s development schemes are somewhat perplexing. It is said that another project they are currently working on is a learning machine, and now chips too… rumors said that Xing Hai’s leader is only 25 years old and is the Z nation’s youngest and most successful entrepreneur, but honestly speaking, we do not wish to hear another story of ‘Shang Zhong Yong’.



In the local media reports, there were some who praised, some who criticized, and some who passed ill judgment on Xing Hai Technologies. As for the listed company Zhong Xin International, along with their shareholders and investors, after the company’s strategic partnership with Xin Hai Technologies and a series of positive news was announced, their stocks soared 10%, directly hitting the daily limit. On the second day, it rose another 8%! On the third day, it rose another 6%. Their stock index rose for several days straight. Within just a few days, the market value of Zhong Xin International surged by 25%, breaking the 40-billion benchmark.
It could be said that with Xin Hai Technology to bet bottom dollar on, this chip foundry company was looming to soar the skies.