Wuxing, Inc.
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Wuxing, Incorporated, headquartered in Hong Kong, is one of the Big Ten AAA Megacorporations, and it is the largest Hong Kong/Chinese megacorporation. It is one of the newest members of the Corporate Court (along with Novatech and Cross Applied Technologies) and a founding member of the Pacific Prosperity Group. It is most heavily involved in finance, shipping, and consumer goods and services, but like most megacorporations, it has investments in other areas. Wuxing is well-known for its unique magical research, focusing on Spirits of the Elements and Wujen. Its influence with the Pacific Prosperity Group gives it power and influence out of proportion to its (relatively) small size, and it is starting to make waves in the Sixth World.
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[edit] Vital Statistics
- Corporate Language: English, Chinese
- Corporate Court Justice: Li Feng
[edit] History
Wuxing, Incorporated started as an import/export business in Hong Kong, funneling goods from the Chinese mainland to other parts of the world via Hong Kong. It was founded by Wu Kuan-Lei, the father of the current President Wu Lung-Wei, who hailed from Kowloon in the New Territories. Wu Lung-Wei, with the financial backing of the Harper-Smythe British noble family, turned his small business into a large corporation to help free Hong Kong from China's influence in 2015. Wu Kuan-Lei was a major force in forming the Hong Kong Corporate Directorate, which would soon form the government of the Hong Kong Free Enterprise Zone.
While he was stifled by the hold that the Japanese megacorporations had on the Pacific Rim, Wu Kuan-Lei managed to build Wuxing into a full-fledged megacorporation in the following years. Wu Kuan-Lei used his influence to quietly establish a network of contacts with corporations that were not directly under the thumb of the Japanese megacorporations. His eventual goal was to see a "free Pacific" enterprise zone, where corporations could do business without being crushed by the sheer size of the Japanese power bloc.
The Crash of 2029 shut down the minimal progress that Wu Kuan-Lei made, as every business on the planet suffered from the effects of the Crash. While Wuxing was sufficiently large enough to weather the storm, the smaller corporations that Kuan-Lei had influence with were too busy trying to survive to unite together against the Japanese megas. Wu Kuan-Lei died in 2039, leaving the company to his successor, Wu Lung-Wei.
In 2045, Wuxing was granted extraterritoriality, making it officially a megacorporation. During this time, some political elements of the Canton Confederation held a grudge against Wuxing (who owned some key port facilities in Canton Confederation), and refused to acknowledge its extraterritoriality. The Corporate Court enforced its decree, resulting in economic disaster for the Canton Confederation due to power outages, food shortages, and general port-related mayhem. The old guard was thrown out, and the new government was more amenable to granting Wuxing its status. (cd.10)
In 2057, Wuxing and its owners received several unusual bequests from Dunkelzahn in his will. Wuxing received 200 million nuyen, which helped finance its buy-in to the Corporate Court and obtain extraterritorial status. Wu Lung-Wei received a statue called the "Jade Dragon of Wind and Fire". His wife received the "Third Coin of Luck". From that point on, Wuxing's growth skyrocketed, vaulting Wuxing from barely a megacorporation to a Prime AAA Megacorporation on the Corporate Court.
In 2059, Wuxing and several other Pacific Rim corporations form the Pacific Prosperity Group, the culmination of years of effort to create a competitive power group outside the Japanese megas.
After the Matrix Crash 2.0, Wuxing bought the remnants of the Malaysian Independent Bank.
[edit] Major Subsidiaries
[edit] Finance
- Wuxing Financial Services
- Prosperity Development Corporation
- Albion Mutual Funds
- Fidelity Mutual Insurance Corporation
- Malaysian Independent Bank
[edit] Shipping
- Wuxing Worldwide Shipping
- Swift Wind Deliveries
- Minh-Pao Exports
- Cartwright Cartage and Freight Inc.
[edit] Consumer Goods and Services
- Jam-Bo Games
- Eastern Electronics
- Lotus Multimedia
- Four Winds Press (cd.105)
- Tiger Trideo and Simsense
- Soba Foods
- Saito Studios
[edit] Relationship with other Corporations
Wuxing, Inc. is allied with Yamatetsu and many other corporations through the Pacific Prosperity Group. It is mainly opposed by the Japanese megacorporations due to their proximity on the Pacific Rim, but by and large, Wuxing tends to tread lightly when it comes to dealing with other megacorporations.
[edit] Discrepancies
- Wu Kuan-Lei is spelled Wu Kuan-Lai in Blood in the Boardroom and Portfolio of a Dragon: Dunkelzahn's Secrets.
- Wu Lung-Wei is spelled Wu Lung-Wai in Blood in the Boardroom and Portfolio of a Dragon: Dunkelzahn's Secrets.
- In Portfolio of a Dragon: Dunkelzahn's Secrets, Sharon Chiang-Wu receives the Third Coin of Luck. It is listed as the Second Coin of Luck in Corporate Download, p106.
[edit] References
- Corporate Download, pp 10,102-109
- Blood in the Boardroom, pp 71-72
- Portfolio of a Dragon: Dunkelzahn's Secrets, pp 71, 74-87
- Target: Matrix, p 93 - Michael Sutherland becomes head of Matrix Security for Wuxing in mid-2061.
[edit] External Links
| AAA Corporations |
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Ares Macrotechnology | Aztechnology | Evo | Horizon | Mitsuhama Computer Technologies | NeoNET | Renraku Computer Systems | Saeder-Krupp | Shiawase Corporation | Wuxing, Inc. |
