Life at The Top novel Chapter 608

JW Real Estates did not disappoint as they quickly launched a counter-attack against the Hank family’s series of attacks.

It was one single counter-attack.

Yet the moment this attack was made known to the public, the gossipers in Southeast Province were in an uproar.

Everyone now looked at JW Real Estates with inexplicable surprise and excitement.

That was because JW Real Estates… had stolen the Hanks family’s electronics business in Waterhoof City!

It was a trade with four billion revenue each year and a profit margin that was guaranteed to be over 30% percent. It was stolen, just like that.

This business was one of the Hanks family’s main pillars of survival recently.

The Hanks family used to be just as powerful as Dawson, but multiple of their properties later faced bankruptcy and they made huge losses since their failure in the Southface River Project.

Moreover, the Hanks family had only been doing worse ever since Sylva and Zayden stepped down.

The loss of this business trade was a critical hit to the Hanks family!

However, this was not the end.

JW Real Estates’ parent company had issued an official statement on the first day of work after New Year’s holiday.

[JW Capital is officially setting up JW Electronics, which will mainly focus on the vigorously growing electronics industry in the country. JW Electronics has already achieved a partnership with the strongest electronics company in Waterhoof City, with the agreement that JW Electronics is to buy no less than five billion worth of goods each year. JW Electronics welcomes all sales channels to partner with us.]

Following that was an official statement from Schuler Group.

[All 232 supermarkets under Schuler Group in the country will open a section solely to sell goods from JW Electronics. The first three months will be a promotional period and all electronics will be sold at a 20% discount.]

To describe it plainly, they were getting rid of the Hanks family for good.

In truth, the first MP3 player had already been invented in Coreana three years ago.

Last year, in the year 2000, this device had also begun to trend in European countries and the United States.

However, the MP3 player would only truly trend in 2002. Since Jasper had the chance to go back in time, there was no way he would let go of the opportunity to make a profit that was destined to grow by 50% each year. Up until 2010, at least, for that was when the MP3 player would slowly phase out and be replaced.

It had to be known that the first person who built a fortune through electronics had made their first big bucks through this cheap yet profitable MP3 player.

From 2002 to 2010, this device would accumulate a profit totaling 500 billion.

“This is it?”

Dawson was very doubtful considering he did not have memories from the future.

“You spent 2,000 bucks to import this, and you’re telling me this music listening device will earn you at least one billion a year?”