Chapter 1027 - Wind and Rain Games start operation
Chapter 1027 – Wind and Rain Games start operation
Three days later, Feng Yu attended the opening ceremony of Wind and Rain Games Holding in Hong Kong. Many Hong Kong tycoons attended the ceremony.
Many people were confused. From the company’s name, it should be a game company, and why are all the tycoons attending the opening ceremony?
The tycoons were there personally, and this is different from sending congratulatory flower stands.
Hong Kong’s reporters and reporters for foreign media immediately rushed there to cover the story. It’s rare for so many tycoons to gather in one place.
Many people are asking around about who is the owner of this company.
They found out this Wind and Rain Games belongs to Wind and Rain Holdings Corporation and has three subsidiaries. Two subsidiaries are in South Korean, and one is in Beijing. They also heard that this company is trying to acquire a US game company, Blizzard.
Someone guessed this Wind and Rain Holdings belongs to Feng Yu, or Feng Yu has a stake in it because Wind and Rain Consultancy is one of the subsidiaries of Wind and Rain Holdings.
Some foreign media reporters found out that Feng Yu had set up two holding companies and had restructured all his assets.
The reporters found out all of Feng Yu’s assets in China had been transferred to a company called Tai Hua Holding Corporation, and his overseas assets were all transferred to this Wind and Rain Holding Corporation.
Any of these two holding companies is worth more than 10 billion USD and can be considered a significant conglomerate. More importantly, these two companies belong to the same person.
……
“Nephew Feng, you are entering the gaming industry?! The gaming industry is on a decline now, and gaming console’s sales are dropping.” Fu Rongqi had come to congratulate Feng Yu.
Superman Li is in Canada, but he asked his two sons to represent him. This had shocked the media, as sending his sons over for this ceremony is showing high respect for Feng Yu.
Although Feng Yu is Asia’s Wealthiest man, when it comes to status and influence, many people still think Superman Li is ranked higher than Feng Yu. In Asia, there is another person who is ranked higher than Feng Yu, and he is the head of Samsung Group.
Superman Li owns a lot of ports around the world and has lots of investments. He is also one of the leaders in China and has political backings.
The head of Samsung is the same. Not only is he rich, but he also has the authority and can influence South Korea’s politics.
Compared to them, Feng Yu is only wealthy. Even Bill Gates is not considered influential as he did not even make it into <Times> 100 most influential people in the world. He is only ranked 11th!
Superman Li is ranked 9th on this year’s <Times> 100 most influential people in the world!
“Uncle Fu, I think the gaming industry has high potential. The traditional arcade and console games are declining, but PC games will rise and will replace these games in the future.”
Fu Rongqi laughed and did not continue. He patted Feng Yu on his shoulders before walking away. It’s been years since he played video games, and he does not know much about this industry.
Many reporters had taken pictures of Fu Rongqi chatting with Feng Yu at the entrance. The rumors of Feng Yu being close with the Fu Family are true. Not only the head of the Fu Family is here, the leader of the Fu Family’s second generation, Fu Guangzheng, is here.
“Brother Feng, you are so influential. This is just a game company, and almost half of Hong Kong’s tycoons are here to congratulate you.” Fu Guangzheng said.
“Just a game company?! Seems like you also don’t believe the gaming industry has potential.”
“I believe games are profitable. But it should not be easy for it to make high profits. You will have to compete with Nintendo, Sony, Sega, etc. Even without these world-renowned companies, you still have to compete with thousands of arcade games companies. It will be hard to stand out among them and need high investments.”
Feng Yu’s businesses were mostly in China and had used the strategy of introducing new and better products.
But the game industry is currently on the decline, and there are many competitors around domestically and overseas. Even Fu Guangzheng thinks Feng Yu’s success will not be great.
Fu Guangzheng believes Feng Yu will not fail because Feng Yu had never failed before. But the profits of some Feng Yu’s businesses are not high.
That’s why Fu Guangzheng did not tell Feng Yu he wants to invest in this business when Feng Yu did not invite him.
“Hahaha… our positions and future developments are different, and I will step all over them in the future!” Feng Yu said.
Feng Yu has the ideas and concepts for his games, funds to develop and market them, and a strong team of developers. With all these advantages and he still fails, it will be a waste of his rebirth!
Even if Feng Yu is not someone from the future, his high investment in the video game industry will also do well.
What others do not know is that Feng Yu has a strong partner for his gaming business.
“Ballmer, you are here.”
Steve Ballmer, Microsoft Asia’s President, and also Microsoft’s future CEO, is representing Microsoft to congratulate the opening of Wind and Rain Games.
The reporters start snapping pictures of them like crazy. There were rumors that Feng Yu is on bad terms with Microsoft’s management team and was almost kicked out of the board several times. Also, Feng Yu’s relationship with Paul Allen is not a secret.
So, is Steve Ballmer representing himself or Microsoft today? If he is representing Microsoft, there means all those rumors are fake.
Steve Ballmer is representing Microsoft because Microsoft is working with Wind and Rain electronics to develop their second-generation video game console, Xbox. They will buy the rights of some games under Wind and Rain Games and also ask Wind and Rain Games to develop games suitable for Xbox.
Although Paul Allen tried to object to this cooperation, this game console requires the DVD technologies to run the games.
Wind and Rain Electronics has the highest standard of DVD technologies, and Feng Yu can help to bring Xbox into the Chinese market. This will greatly increase Xbox’s sales. Furthermore, Feng Yu also owns lots of games related technologies.
Feng Yu stood outside to receive the guests for a while longer before going inside. Most of the guest there does not require him to receive outside of the venue. Even Kameda Masao did not receive the guests himself. Instead, he asked Wind and Rain Games CEO Lin Tianming to receive them. Lin Tianming is a professional manager from Hong Kong.
After all the guests entered the venue, Kameda Masao walks up the stage…
Translator’s notes:
Li Ka-Shing