Chapter 386: Pharmaceutical cosmetics brands; adjustments to Huinong.com

Chapter 386: Pharmaceutical cosmetics brands; adjustments to Huinong.com

After looking at Ge Wenyao for a while, although he had a lot of white hair, the exquisiteness of a Shanghainese man was perfectly reflected in him.

The key is to have a good spirit.

"What a coincidence! Mr. Ge is also wearing a Seagull watch."

Guo Yang glanced at the Seagull watch on the other person's wrist again, but couldn't recognize which model it was.

In fact, the Seagull watch on his hand was bought just a few days ago, spending 30 yuan, just for this moment.

Ge Wenyao smiled even more happily, "It's quite a coincidence, I didn't expect that Mr. Guo is also a customer of Seagull."

Speaking of Sea-Gull watches, almost everyone over 40 years old knows them.

The first watch designed and manufactured in China originated from the Tianjin Seagull Watch Factory in 1955.

Ge Wenyou has always been fond of Seagull. In April this year, he visited Seagull with a group of domestic and foreign funds.

If Jiahe had done any research, it would have been very clear about this.

Sure enough, as soon as he led everyone to visit Jahwa, Guo Yang took the initiative to mention Seagull.

"I heard that Mr. Ge is interested in investing in Seagull?"

"Yes, it has always been my dream to make domestic brands break through in the high-end luxury goods field."

Ge Wenyao reminded: "This may also be something that potential investors of Jahwa need to consider."

“Does this count as missing the question in advance?”

"So how is Mr. Guo going to answer the question?"

Facing Ge Wenyao's expectant eyes, Guo Yang raised his arm again, revealing the Seagull watch, and said, "This is the answer."

“In fact, I had never come into contact with Seagull watches before today, but from now on, I will be a loyal customer of the Seagull brand.”

Ge Wenyao's steps as he led the way suddenly stopped, his eyes filled with disbelief.

In the past, investors would avoid it as much as possible for fear of paying too much.

And this person showed full sincerity right from the start.

The more Ge Wen Yao looked, the more satisfied he became. The young man's dark skin color turned into a healthy color in his eyes.

After thinking for a while, Ge Wenyao said in a deep voice: "I have been following Seagull watches for three years and analyzing and thinking about it for a year. It is the most promising, meaningful and investment-returning project.

Moreover, we can join hands with high-end cosmetics to enter the fashion industry, enter the top luxury goods industry, and build Jahwa into a fashion industry group."

Thinking that this person was engaged in agriculture, Ge Wenyao explained: "Top luxury does not necessarily focus on product functions, but rather on whether it can lead fashion."

Guo Yang nodded without comment. In fact, he thought that the product was not good enough.

But these are minutiae.

He asked someone to estimate that the money spent on investing in Seagull would not be much, and one or two hundred million would be enough.

Paying this price can win the full support of Ge Wenyao and other management. It will be completely worth it as long as we can take over Jahwa.

Moreover, he remembered that an important reason why Ping An was able to acquire Jahwa was that during the negotiations, Ping An verbally promised to fully support Jahwa's acquisition of Haiou.

It turned out that Ge Wenyao was fooled by Ping An.

The entire Jahwa company was also fooled by Ping An.

After thinking about it, Guo Yang also made a promise, "Jiahe supports Jahwa's acquisition of Seagull."

After hearing this, Ge Wenyao remained calm on the surface, but he felt more and more satisfied in his heart.

While visiting the site, Guo Yang and I talked about how excellent Seagull's technology is and how bright the prospects for the linkage between the watch and beauty industries are.

It took less than half an hour to complete the tour of part of the factory and offices.

What surprised many followers was that during this half hour, neither of them mentioned Jiahe's acquisition of Jahwa.

Instead, they chatted from time to time about Sea-Gull watches, industry trends, product development, sales channels, future development and so on.

It was as if the ending had already been decided.

Before entering the meeting room, Jahwa's general manager Wang Zhuo couldn't help but remind Ge Wenyao in a low voice.

"Leader, be reserved!"

Ge Wenyao's face flushed and he nodded slightly, but as soon as he sat down, the young man opposite him went straight to the point.

"Director Ge, let's discuss the transfer and acquisition of Jiahua."

Ge Wenyao had calmed down by now and said, "The final decision on this matter lies with the State-owned Assets Supervision and Administration Commission, and bidding is required."

Guo Yang suddenly realized and said, "Oh, yes, that's right. We were so excited about the conversation that we thought we were already a family."

His appearance is a bit surprising, it doesn't look very professional!
Wang Zwo and his companions were secretly muttering that the two, the old man and the young man, seemed to be a little unreserved.

"There are still many procedures to go through before the property is put up for sale, which will take at least one or two years."

Ge Wenyao talked about the current progress, "Before the release of the Opinion last year, Shanghai Shengrong Investment and Dasheng Assets merged to form Guosheng Investment, which was responsible for the integration of "non-financial state-owned assets".

It was at this time that Jahwa Group was incorporated into Guosheng Group.

Finally, the direction of the reform was determined.”

Guo Yang nodded. He had specially learned about the process.

After the restructuring was confirmed, various investors took a fancy to Jahwa.

However, Ge Wenyou publicly emphasized that no matter who the strategic investor is, Jahwa will never be sold to foreign capital, including domestic peers and foreign fund companies.

Fund capital investment is more utilitarian, and none of the domestic peers can compare with Jahwa.

Therefore, after that, Jahwa successively rejected domestic and foreign institutions such as Temasek, Sequoia Capital, CDH Investments, CITIC Capital, and Carlyle.

At the same time, foreign capital such as the French LVMH Group that took the initiative to show goodwill also ended in failure.

Therefore, there are only a few companies that ultimately meet the qualifying criteria.

Guo Yang didn’t know when Ping An got involved. Ping An might be the current leader, or it might not have had much involvement yet.

Under the current economic situation, no one is willing to push forward the reform process in a drastic manner.

Guo Yang pondered for a while and said, "Can the procedure be accelerated?"

"I have talked to the city's top leaders," Ge Wenyao said. "The leaders also agree that Jiahua should be a pilot for the reform, but there are still some different voices that need to be worked on."

"I have also made an appointment with the leader of the Magic City."

Guo Yang was thinking about how to break the impasse, then he thought of Ping An and asked directly.

"There are reports in the media that Ping An is also in contact with Jahwa."

"Yes, their attitude is very sincere." Ge Wenyao smiled, "Jiahe is not the only choice."

"But Jiahe is definitely the most suitable choice." Guo Yang took a sip of tea, relaxed, and thought about what he saw and heard during the visit.

“Before the listing, I had an idea for a product collaboration.”

"Huh? Let's hear it."

Not only Ge Wenyao, but everyone else also showed interested expressions.

It’s interesting that they have started cooperation before the merger and acquisition.

"During the visit, I heard that Jahwa will also launch a pharmaceutical cosmetics brand at the end of this year or early next year?"

"Yes, brand name: Yuze."

Ge Wenyao said: "It is a moisturizing lotion product that serves as a pioneer and is planned to be launched in more than 60 pharmacies and hospitals in Shanghai, Zhejiang and Jiangsu."

Guo Yang commented: "It's a bit conservative."

Ge Wenyao said: "There is no other way. Foreign brands in the pharmaceutical cosmetics market are too strong."

Cosmeceuticals can be understood as a category between pharmaceutical products and cosmetics. The local cosmeceuticals market has a history of nearly 10 years.

It is usually sold in drugstores, pharmacies, and hospitals, with professional doctors and pharmacists on hand.

The top five pharmaceutical and cosmetic brands in the local market are all foreign-funded.

Vichy, La Roche-Posay, Avene, Freeplus, Mentholatum... Among them, the top two, Vichy and La Roche-Posay, are both brands under L'Oreal.

The concept of modern cosmeceuticals was also introduced to China by Vichy.

Last year, L’Oréal’s sales of the Vichy brand alone in China exceeded 22 billion yuan.

Starting five years ago, more than 170 local companies including Ma Yinglong, Yunnan Baiyao, Tong Ren Tang, and Pian Zai Huang launched an attack on the pharmaceutical cosmetics market.

But the "martyrs" of cosmetics companies who fell in the battlefield of pharmaceutical cosmetics were also bloody and miserable.

The status and ranking of the top five pharmaceutical cosmetics market have not been shaken or rewritten.

Compared with many pharmaceutical companies, the Yuze launched by Jahwa is a bit low-key and conservative, and pharmacies and hospitals are not mainstream channels.

As for Jahwa's Herborist, it is not a cosmeceutical, but a cosmetic containing traditional Chinese medicine ingredients.

Hearing Guo Yang's comment that Yuze's listing method was conservative, Wang Zwo became interested.

"Mr. Guo, please tell me your cooperation proposal."

"How about Quanwang and Jiahua cooperate to upgrade Yuze, which has not yet been launched?"

Guo Yang looked at the crowd and smiled, "Let's also take a look at the future potential in advance."

Ge Wenyao and Wang Zhuo's eyes lit up instantly.

Isn't this what they want?

What is the most critical step in the development of cosmeceuticals?
In addition to the formula, it is the extraction, separation and purification of effective ingredients from natural plants.

Natural plant species, extraction, separation and purification processes, types and contents of effective ingredients, these are Quanwang's advantages.

Jahwa has extensive experience in formula research.

Cooperate to develop a product... Ge Wenyao and Wang Zhuo looked at each other and saw the intention in each other's eyes.

"How do we cooperate?" Ge Wenyao asked, "Jahwa is unlikely to share the brand revenue, which may be a disadvantage for Quanwang."

"Don't worry about that."

Guo Yang smiled and said, “The raw materials provided by this cooperation will be exclusive to Quanwang, and Jahwa will only have one procurement channel.

If Jiahe successfully acquires Jahwa, this will also be one of Jahwa’s moats in the future.”

Ge Wenyao suddenly understood more.

Once Jiahe successfully acquires Jahwa, the industrial chain will be opened up.

Although the profit of cosmetics is lucrative, Jiahe's planting end, which has a say, can also increase its profits.

However, if Yuze really went bankrupt and Jiahe failed to successfully acquire Jahwa, wouldn't Jahwa be completely controlled by its single raw material channel?
The prices kept rising, even to the point of supply cuts for raw materials.

Then give up cooperation?
I can’t bear to part with it!

A series of procedures such as listing and transfer will take at least a year to complete.

If he waits one more year, his old bones will go crazy!

Ge Wenyao looked at Wang Zhuo, who also frowned, obviously aware of the difficulty.

"The future is terrifying!"

Ge Wenyao smiled bitterly and said, "Boss Guo has really given us a difficult problem."

"There's no rush for a day or two." Guo Yang said with a smile: "Jiahua can discuss it first. I also want to go to the city for a walk."

A successful cooperation is not only extremely attractive to the management of Jahwa, but also a plus point for the State-owned Assets Supervision and Administration Commission of Shanghai.

Under Jiahe's system, Jahwa is likely to climb one peak after another.

This will mean that Jahwa's state-owned shares will be withdrawn and the enterprise restructuring pilot will be successful.

Faced with calls for the state to advance and the private sector to retreat, the success of Jiahua's reform will bring great political wealth to its planners and leaders.

After leaving Jiahua, Guo Yang did not go to the city immediately.

Instead, he took time out to inspect Hexi Dairy's industry in East China, visiting the ranches, factories and organic fertilizer processing.

Afterwards, I went to Dong Xu’s mid-range supermarket in East China.

The brand name of the supermarket is: Fall in Love with Life.

A single Ai Shang Sheng Huo supermarket occupies a much larger area than Jiahe Supermarket.

However, at present, there are only supermarkets officially opened in Beijing and Shanghai, and Ai Shang Sheng Huo is also taking the path of financing and listing. How far it can go depends on Dong Xu's ability.

After walking around the supermarket, Guo Yang, Luo Xiu and Qi Ziwen each had an ice cream in their hands.

Qi Ziwen licked it like a little kid and said, "This honey ice cream is good."

Luo Xiu raised his eyebrows, "Your product is for children, eat it quickly and don't lick it."

"Brother Xiu, I feel like you're too good." Qi Ziwen teased, "So good that it's a little weird."

Luo Xiu was a little dissatisfied, "Why am I evil?"

Seeing that Luo Xiu was a little angry, Qi Ziwen quickly explained, "I was complimenting you. The Chinese Paladin 3 is very popular recently, and Chang Yin in it looks a lot like you."

"You're not scolding me?"

"Why would I scold you?"

"I can testify that in the entire Shushan, the Evil Sword Immortal fears Chang Yin the most."

Guo Yang said casually, but his eyes were fixed on the Hexi ice cream billboard beside him.

"The raw materials come from the pure Gobi grassland, and vitamins, probiotics, fruit pulp and other ingredients are added. It is a natural organic product..."

This advertisement should be effective. A summer without ice cream is incomplete for children, and parents' demand for health will give such products room for growth.

Hexi Dairy is also continuously making efforts in the segmented market, which is very good.

While he was still on the way back, Guo Yang's cell phone rang, and the voice sounded impatient.

Guo Yang took a look, answered the call, and asked, "Director Ge, have you made a decision?"

Ge Wenyao's voice came, "Yes, Jiahua has unanimously decided to carry out a pilot cooperation with Quanwang Bio on the research and development of Yuze, but the mode of cooperation still needs to be discussed.
It’s just that the raw materials purchased are too meager, so maybe it’s more appropriate for Quanwang to participate in the profit sharing of the Yuze brand.”

"Okay!" Guo Yang smiled. This was quite interesting. "I'll arrange for someone to contact you right away."

"Mr. Guo has never worried about Yuze's poor performance after its listing." Ge Wenyao asked.

If the performance is not good, Golden Harvest’s biggest advantage may be greatly reduced.

"It's impossible to fail." Guo Yang provoked.

"If it fails, it must be because Jahwa's brand promotion, channel construction, terminal marketing, membership management and other brand operation capabilities are not good enough."

"Haha." Ge Wenyao was not angry either. "As long as the product development is successful, Mr. Guo will see the brand value of Jahwa."

"I'll see."

Both parties are confident in their respective abilities.

In the past two days, Jiahe’s team has gained a basic understanding of Jahwa’s assets.

The most important asset of Jahwa Group is undoubtedly the listed company Modou Jahwa Co., Ltd.

The group, together with its controlled subsidiaries, holds a total of 38.95% of Jahwa shares.

Other unlisted assets include hotels, industrial companies and investment companies.

Preliminary judgment is that Jahwa's assets are very clean and of high quality, but their specific value is still being evaluated.

However, the fixed assets of Jahwa Group can basically be roughly estimated with the naked eye, and it is no more than 300 to 500 million yuan.

What Jahwa mainly sells is brand value.

It has the ability to operate one or several daily chemical brands.

The next day, Guo Yang began to visit relevant leaders in Shanghai one by one. The valuation and pricing methods were based on the standards of the State-owned Assets Supervision and Administration Commission.

But other weights are important, too.

During the conversation, Guo Yang brought up the cooperation attempt between Quanwang and Jahwa, which is a good touchstone.

Although no gambling agreement was signed, both parties gradually acquiesced in his existence.

In a solemn office, a major leader in charge said: "Mr. Guo, according to the procedure, there will be a qualification review.

If only one company meets the criteria, it will be transferred according to the procedure.

If two or more companies meet the criteria, they will need to pay a deposit before bidding.

Now I can reveal that Golden Harvest will have at least one competitor.”

Guo Yang nodded, "I know, Ping An Group."

The leader said: "The restructuring has been basically finalized, and Ping An has been in frequent contact with us and Jahwa recently.

Ping An Group's total assets amount to 2 trillion yuan. Its strong financial resources and sophisticated capital operations can assist Jahwa in carrying out industrial mergers and acquisitions.

It also made a lot of promises such as credit support, bond financing, additional investment, and assistance in expanding the industrial chain. Some people may be inclined to Ping An. "

"Thank you for your guidance." Guo Yang said with a smile: "Jiahe is confident that it will defeat Ping An."

Receiving such a reminder means that the vote is 80 to 90 percent certain to be won.

As for Ping An, he is indeed very strong.

But Ping An is not sincere about Jahwa.

Ge Wenyao, an old man who was forced to retire in his previous life, blasted Ping An on Weibo many times: I was cheated and found the wrong buyer.

Countless verbal promises were made before the acquisition agreement, but after the acquisition, the parties turned against each other and showed the fangs of capital.

Only part of the funds for the acquisition are self-owned funds, and the rest are trust products.

The pressure from the capital pool meant that Ping An not only did not inject capital, but instead began to sell off its assets directly to cash in.

Guo Yang has learned about Xiajiahua’s assets in the past few days.

Jahwa now has three plots of land in Shanghai, every inch of which is worth a lot of money, and Ping An sold one of them as soon as possible.

The Marriott Hotel in Sanya is a high-quality asset; the Jahwa Group Building is a high-quality property; the joint venture Johnson & Johnson is a high-quality asset...

As long as it is of high quality, it is Ping An’s target for cash monetization.

This caused fierce resistance from management, but the real trigger for the conflict was the Seagull watch project.

Ping An vetoed Ge Wenyao's team's years of efforts at the last minute.

Subsequently, Ge Wenyou was forced to retire, and more than a dozen senior executives were purged one after another. The resignation of the current general manager Wang Zhuo means that Jahwa has completely entered the safe era.

It is also the worst era.

First, use up most of the surplus grain from the previous dynasty, and then demolish the buildings from the previous dynasty.

The multi-brand market that Jahwa was proud of has been turned into a hodgepodge, and the original business foundation has been severely damaged.

Compared with the disastrous failure of cosmetics, the situation of Liushen is more worrying.

Families who have used Liushen floral water and shower gel for a long time will notice that the price of Liushen will increase significantly every once in a while.

Ping An must have changed the CEO of Jahwa again. Every CEO has treated Liushen as a juicer and a tool to embellish the financial statements.

If Liushen fails, Jahwa will be finished...

After recalling what happened to Jahwa under Ping An, Guo Yang was also thinking about how to integrate Jahwa into the Jiahe system in the future.

Management doesn’t have to make any big moves.

Despite being in the fiercely competitive daily chemical industry and having to undertake political tasks many times, it is still the number one domestic brand and the fourth in the domestic market.

Ge Wenyao's faction is relatively reliable.

It is difficult to find a more suitable team in the daily chemical industry.

In the industrial chain, Jahwa is equivalent to the terminal brand and theoretically the link with the highest profit.

As for the negotiated acquisition, Jiahe’s shareholding ratio cannot exceed 30%, and it can only make a tender offer to achieve absolute control.

This may cause management to be wary.

But once Jahwa changed its owner, Chairman Ge Wenyao became a professional manager and he could only serve the major shareholder Jiahe.

The shopkeeper cannot defeat the boss.

At that time, the excess profits do not necessarily have to be retained by Homechem Holdings, but can be retained by Quanwang Bio or in the upstream planting links.

Just increase the purchase price of raw materials.

After talking to each leader one by one, Guo Yang's mind about Jahwa's positioning and ideas became clearer and clearer.

The only thing left now is mergers and acquisitions.

The old man Ge Wenyao is obsessed with the fashion industry group and has an obsession with Sea-Gull watches. Guo Yang believes that he can control him.

If it really doesn't work, let Golden Harvest negotiate the acquisition of Seagull first and see if this old man is anxious.

In terms of influence on Shanghai’s leadership, Jiahe may not be able to match Ping An, so now it is counting on the pharmaceutical and cosmetic brand Yuze.

It is expected to be launched at the end of this year or early next year.

The restructuring of Jahwa is still going through the process, and the company will be suspended for at least a few months before the transfer is announced.

The plan needs to be drawn up and approved again, and no matter how fast the bidding is, it will have to wait until the end of next year.

Yuze still has half a year for R&D upgrades, and at least eight or nine months for promotion.

Guo Yang murmured, "That should be enough."

There is no need for Yuze to become a huge hit. As long as all parties can see Yuze's market potential, the competition with Ping An will be secured.

In terms of other aspects such as financial strength, capital operation and investment, Ping An seems to have the upper hand, but in fact, Jiahe definitely attaches more importance to Jiahua than Ping An.

……

After staying in Shanghai for a week, Guo Yang returned to Beijing and started integrating Huinong.com without stopping.

"The Huinong.com platform has covered more than 2800 county-level administrative regions across the country, with only a few areas not covered.

The number of agricultural-related merchants has exceeded 4000 million, and all aspects of data are ranked first in the industry.

But in terms of B2C and C2C business, Huinong.com is still a little behind the leading e-commerce platforms.”

In the conference room, after listening to Qu Sheng's report on Huinong.com, Guo Yang felt a sense of powerlessness.

Maybe people who work in agriculture are not suitable for the Internet. A good website has now become a hodgepodge with everything stuffed into it.

Now that adjustments are being made, Guo Yang is trying to give some sections a try.

Guo Yang pondered and said: "B2C and C2C businesses have been separated and developed independently. Now that the mobile Internet wave has arrived, we can make a breakthrough by leveraging the foundation of agricultural and sideline products."

If it doesn't work, Guo Yang plans to turn to Alibaba.

Alibaba’s B2B business was listed on the Hong Kong stock market in 2007, and Golden Harvest also invested a small portion of it.

However, Alibaba will continue to raise funds, privatize from the Hong Kong stock market, and list in the United States.

At that time, selling Huinong’s B2C and C2C businesses to Alibaba in exchange for Alibaba’s equity will also be an option.

However, Guo Yang still prefers to do it on his own.

After discussing for a while, Qu Sheng said, "Guoliang's WoMai.com is expected to be launched in August. It is a B8C e-commerce website for food."

"It seems that there will be a lot of pressure in the future." Guo Yang smiled, "but it also shows that everyone is optimistic about the potential of agricultural e-commerce."

Zhang Wen, another senior executive at Huinong.com, said:
"Agricultural e-commerce is actually the most difficult. Taobao and other leading platforms only started to engage in agricultural products last year, and they only tried a little bit, but it's better than nothing."

"So, we still have three or four years to grow." Guo Yang thought about it and encouraged: "It's not terrible for me to buy a network. In this field, we are pioneers."

A person's energy is limited. In terms of B2C and C2C businesses, Guo Yang can only give some directional advice.

He also pays more attention to the B2B business of Huinong.com.

The tens of millions of agricultural merchants and growers mentioned above are the foundation and an important part of the Jiahe system.

In this regard, Huinong.com has no rivals, and the few small websites that exist can only huddle in the corner and tremble.

In fact, Guo Yang is extremely satisfied with the construction of some sections of Huinong.com.

“The newly launched Farmer’s Circle is very interesting.”

Guo Yang browsed for a while, and found farmer friends’ mutual assistance Q&A, farming experience exchange, field anecdotes sharing, fraud disputes exposure…

“Diversified content increases user stickiness.”

Qu Sheng and others smiled and said, "Due to the advancement of video technology, in addition to technical articles, there are more and more video materials in the Agricultural Technology School, which has even attracted some non-agricultural users."

"It must be brought by Million Forests and Happy Farm." Guo Yang thought for a moment and said, "We need to spend more time on the construction of the "Three Rural Issues" video. We can train and support a group of "Three Rural Issues" video bloggers and shoot some high-quality videos."

As if he had suddenly found the feeling, Guo Yang became more and more excited as he spoke.

"For example, rural life, agricultural entrepreneurship records, agricultural machinery operations, and sharing of farm beauty can all be posted in the Agricultural Technology School and Farmers' Circle.

In short, we should make the characteristics of agriculture, rural areas and farmers of Huinong.com come true.

Even Huinong.com can create a more down-to-earth guide to getting rich, with columns on fruit trees, vegetables, flowers, livestock and poultry, aquatic products, and grain crops.”

The eyes of Qu Sheng and his companions brightened as they listened, mainly because all of this could be done with Jiahe's current resources.

Large farmers are short of money, but it can also be said that they are not short of money. At least they can afford basic filming equipment.

Life on the farm is extremely boring, so there is definitely a market for an additional place to record and share.

In the agriculture section of Tianya Forum, real people often post long posts to record agricultural entrepreneurship, attracting countless people to follow up.

It can also be done on Huinong.com and can be made into a video.

Everyone started chatting and brainstorming.

“Agricultural documentaries are the biggest feature of Huinong.com, which can record the management of deserts, Gobi, grasslands and rivers;

It can also record the development and growth of an orchard, farm, or ranch;

Agriculture requires a lot of time and effort, and making growth videos happens to be an advantage.”

But a new problem soon arose: how to enable these rural creators to maintain their creative enthusiasm for a long time.

Guo Yang felt that things were becoming more and more interesting, and many things did not follow the trajectory of his previous life.

Guo Yang has no idea what Huinong.com will become in the future if it continues to develop according to this plan.

But the unknown was interesting to him.

Guo Yang smiled particularly brightly, "Combining online and offline, giving money to high-quality content creators, as long as there is traffic, are you still worried about not finding a way to monetize it?"

The first thing Guo Yang thought of was selling goods.

High-quality farmers and high-quality agricultural products, if supported by network traffic.

Whether it is B2B wholesale or B2C and C2C retail, monetization is very easy.

Even if there is no money, there will still be people who insist on creating.

Just like the agricultural version of Tianya Forum right now, there will always be people generating electricity for love.

(End of this chapter)