Becoming a Russian Oligarch After Rebirth
Chapter 716 Domestic Inspection Group_1

Chapter 716: Chapter 716 Domestic Inspection Group_1

Just as Wang Ye was busy entertaining the parliamentary delegation from Crimea, the two heads of his New Sun Group, Big Head Kong and Zhang Guangming, were also incredibly busy these days.

They were also busy entertaining delegations, but they were business delegations, all coming from China.

New Sun, among Wang Ye’s numerous group companies, might not seem very conspicuous anymore, yet this company couldn’t be underestimated. Although its annual net profit wouldn’t shock anyone with its size, it boasted of stability!

Originally, Moscow’s three major wholesale markets, the old ACT, New Sun, and the unfinished Lyublino, now all fell under the New Sun Group.

The old ACT and New Sun were combined together, renovated and rebuilt, uniformly adopting the New Sun Market’s style.

With its tall and spacious sunshades, wide and bright aisles, on both sides were piles of two-layered metal container shops, simple and practical in style.

After being re-planned, it now primarily sells clothes, shoes, handbags and the like.

The Lyublino Large Market, on the other hand, was a huge modern shopping mall, a low-rise reinforced concrete building with only two floors, but with enormous floor space.

The facilities were much better compared to those at the New Sun.

It mainly dealt in various kinds of small electronic appliances, and even some fur merchants and businesses selling mid-to-high range brand clothing originally operating at New Sun were slowly relocating here.

After all, it was closer to the city center with a better environment, promising a brighter future than the New Sun market.

Big Head Kong and Zhang Guangming were coordinating well, with Big Head Kong now primarily managing New Sun, and Zhang Guangming being in charge of Lyublino.

Although there was a Russian manager above Zhang Guangming, that was just in name, as Zhang Guangming was still the one who effectively managed things.

After all, everyone knew, this young man had been personally promoted by the boss and was highly favored by him.

Because the territory expanded, the three major wholesale markets combined featured instantly more than thirty thousand shops!

Initially, Lyublino market didn’t operate, so all wholesalers squeezed into New Sun and Old ACT, especially when the second phase of New Sun hadn’t been opened yet, so shops were scarce and people plentiful, making it hard to find a shop.

However, with the opening of New Sun Phase Two and the commencement of Lyublino Large Market, the issue of shortage of shops had been eased.

In fact, there were even vacant shops in Old ACT and Lyublino.

These vacant shops, they were a waste, especially at Lyublino, where all shops were rented instead of being sold.

A vacant shop equates to a significant loss in rent.

Since the location was good here and the environment and facilities were good, the rent was even higher than at New Sun.

In order to optimize the service process and provide better services to the merchants, Lyublino had adopted a one-stop service model, where the rent, management fee and various other expenses were all combined together, requiring only one payment per month.

Depending on the area and location, the cheapest stores cost five thousand US dollars a month, while the most expensive ones were nearing twenty thousand dollars a month...

But don’t think that these charges were too outrageous. In fact, at New Sun, especially in the first, second and third footwear zones, the rent of the best-located shops was almost nearing this number.

And for those big bosses, monthly turnovers of several million US dollars were perfectly normal, so paying one or two thousand in shop rent was nothing.

It can only be said that business back then was too easy to do.

Why was Moscow’s business environment so poor, where even personal safety couldn’t be guaranteed, and the environment wasn’t good either, but there were still a large number of Chinese businessmen who went to Moscow to do business anyway?

Just because they could actually make money!

Back then, people used to joke that just sending any container of goods to Moscow could directly earn you enough for a large villa...

Though the statement might be somewhat exaggerated, it still proved how high the profits were for wholesalers.

Clothes and shoes from China, whose wholesale prices were absurdly low, would instantly see their prices multiple-fold once they arrived in Moscow!

Moreover, they were particularly good sellers. There was almost no case of unsalable goods, so how could one not make money...

Therefore, well-located shops were speculated on at exorbitant prices.

In Wang Ye’s "past life," the city’s market was at its peak between 2000 and 2008. At that time, a shop in the New Sun Market, if it had a good location, could sell for two to three hundred thousand US dollars!

Remember, these shops were all purchased just a few years ago for only two to three thousand US dollars, representing a price increase of an unknown multiple.

......

Since the beginning of this year, Big Head Kong and Zhang Guangming had decided to raise the rents across all three large markets.

Of course, at Old ACT, since all the shops were sold, they could only collect management fees, so they chose to increase the management fees instead.

The increment wasn’t too large, with several levels set up according to the different areas and locations, with the lowest increase being only twenty percent and the highest doubling...

Initially, many merchants had objections.

Joking aside, people certainly wouldn’t be thrilled about reaching deeper into their pockets.

However, they couldn’t resist the trend, especially since the New Sun Group had completely monopolized the wholesale market in the area.

If you didn’t want to do business here, you would only have to shut down and return home.

After all, although the New Sun Group’s fees weren’t low, the services they provided were indeed up to par.

The most pressing issue of personal safety was resolved.

Nowadays, the Russian police around the market, upon seeing a Chinese businessman, couldn’t be more courteous.

It felt very much like being back on home soil.

In addition, the New Sun Group also provided one-stop freight, customs clearance, and money exchange services, all of which were legal and affordable.

Everyone just needed to conduct business with peace of mind, without the slightest worry.

Given these considerations, paying a bit more wasn’t unreasonable.

After realizing this, everyone accepted it.

In the end, as long as there was money to be made, doing business here could indeed earn you profit.

......

Besides raising the rents, Big Head Kong and Zhang Guangming also began actively discussing with associations from China, inviting them to come for inspections, to jointly expand the Eastern European Market.

Like the Wen Zhou Small Commodity Association, B Ditch Bags Association, Leather Association, and so on.

In the time since Chinese New Year, quite a few associations had already visited, and after inspecting and touring, they expressed satisfaction with the business environment here, ready to take action and rent shops to sell goods straight away!

In the past couple of days, a fairly large delegation from the Small Electric Appliances Association arrived in Moscow, inspecting the Lyublino Large Market.

Zhang Guangming attached great importance to this delegation because as long as this delegation was settled, it could introduce a few hundred or even a thousand new merchants to Lyublino!

This could instantly transform the currently somewhat quiet Lyublino Large Market into a bustling one.

In large wholesale markets, having good hardware and prime locations were just the basics.

Moreover, it was important to have a vibrant crowd!