Rating AAA #9
World Headquarters Hong Kong Free Enterprise Enclave
President/CEO Wu Lung-Wei
Chairman of the Board Wu Lung-Wei
Corporate Status Public
Major Shareholders Wu Lung-Wei (24%)
Fu Peng (12%)
Sharon Chiang-Wu (11%)
James Harper-Smythe (8%)
Malaysian Independent Bank (8%)
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.
Corporate Language: English, Chinese
Corporate Court Justice: Li Feng
Wuxing Inc. began as a simple importing/exporting business in mainland China. It was the brainchild of Wu Kuan-Lei. The company exported Communist Chinese goods through Hong Kong to the rest of the Pacific Rim, and imported foreign goods into Communist China. Some of these goods were banned by the government, but with the great risk came great reward.
In this case, reward came in the form of patronage by a family of ex-Bristish aristocrats named the Harper-Smyths. The Harper-Smyths had long been a fixture in Hong Kong, dating almost as far back as the Japanese occupation in 1941. The Harper-Smythes largesse Wu Kuan-Lei was able to snatch up other importing/exporting businesses. Including such notable rivals as Minh-Pao Imports, Swift Wind Deliveries, and Cartwright Cartage and Freight Inc. Wuxing then underwent a massive reconfiguration to incorporate their newest assets, and at the end of it became what we would recognize as an “A” corporation.
Then in 1997 the end of British Hong Kong came, and with it came the re-assimilation of the city. The standard of living at that time in Hong Kong was unsurpassed in the rest of China. At first the government appeared hesitant to mess with the city’s success. Everyone knew this to be a fiction, and that before long the Communist government would turn Hong Kong into just another Chinese sprawl.
Wu spoke out against the Chinese government and was a vocal proponent of a free and independent Hong Kong. He rallied business owners and financiers to his cause. But also supplied more… material assets to the cause. Namely smuggling arms, ammunition, military expertise, and such to the burgeoning Free Enterprise Zone.
He wasn’t a saint though, and also used this time to purchase up other operations at rock bottom prices. Thus growing the Wuxing empire.
Hong Kong couldn’t stand on her own two legs at that time. So Wu, through his aristocratic friends the Harper-Smythes, called in a legion of British diplomats to buy them some more time as well as encouraging British owned businesses to fight against the Chinese encroachment. Surprisingly enough, this bid to stall worked amazingly well. From beginning to end, China only maintained their tenous grasp on Hong Kong for eight short years.
In 2015 the Communist government gave up the ghost. The megacorporations and international opinion were against them, their own people (the citizens of Hong Kong) were willing to fight and die in the streets for their independence. And it was just to much of a hassle to try and clear out… So the Hong Kong Free Enterprise Zone was born. Wu, being one of the masterminds behind the Zone’s newly one independence became a international star almost overnight.
It was then that Wu decided to set up Wuxing’s corporate headquarters. He met with the areas finest geomancers and came up with a location in Aberdeen Hong Kong. This remote and desolate region doesn’t appear to be the best spot for Wuxing’s Skytower, but the dragon lines that converge there are supposed to be a great boon to the corporation.
With Hong Kong liberated from China, Wu set his eyes on a larger goal. He saw around him the rise of the Japancorps and realized that they would eventually expand their influence into mainland Asia. And he didn’t like that thought one bit. So he began making inroads into major and minor corporations throughout the region, hoping to build a conglomerate capable of fending off Japan’s inevitable stranglehold of the region.
Unfortunately, the Crash of ’29 put those dreams on hold. Wuxing was large enough and diversified enough to weather the storm. But several of his allies were not. He used the economic turmoil to his advantage though, and purchased several of those failed allies and brought them under Wuxing’s corporate umbrella. In a time when most other corporations were struggling for dear life, Wuxing managed to grow, if even just slightly.
In ‘39 , Wu passed away peacefully in his sleep at the ripe old age of 71. He left the position of CEO and his shares in Wuxing to his son Wu Lung-Wei. Wu Lung-Wei was dedicated to his father’s vision of an Asia able to withstand the Japancorps and vowed to make his father’s dream come true.
For the next seventeen years, the younger Wu attempted to re-establish contact with his fathers old allies. Some hadn’t been able to weather the Crash of ‘29, others had chosen a quiet retirement, some were unwilling to listen to this nonsense for a second time, and so on. It seemed that everywhere he turned allies were drying up.
It wasn’t all bad news though. Continuing his father’s propensity for diversification the younger Wu was able to Wuxing into an extraterritorial corporation in just six short years. But Wuxing’s rapid rise to prominence had made infuriated some old enemies. In this case the Japanacorps and the Canton Confederation.
The Canton Confederation had been looking for a way to profit off of the turnover of Hong Kong way back in 2015. Wu’s father had quickly put an end to that dream though. With the Free Enterprise Zone being established the Confederation was left to sit on their hands and plot for another attempt at a large prize.
The Japanacorps, for their part, were angered that a megacorporation had been formed in their very backyard. They were also furious at the Elder Wu’s plan of a corporate alliance against them. Even though the plan hadn’t gotten going quite yet, they realized just how big a threat that would be if given the chance.
Both were looking for ways to take their revenge, but the Canton Confederation acted first with the granting of extraterritoriality to Wuxing. They immediately seized all of Wuxing’s properties, froze their assets, and leveled trumped up charges of corporate malpractice. The Japanacorps secretly provided the Canton Confederation with corporate and military “advisors” to assist in the attack against the enemy from Hong Kong.
Wuxing was quick to file for an adjudication with the Corporate Court. And that left the Japancorps in quite the pickle. Either they could back up the Confederation and set a precedent for governments to seize extraterritorial corporate assets and hurt Wuxing. Or they could save Wuxing from the Confederation and protect their own extraterritorial status.
In the end, greed won out. Before long the Japancorp “advisors” were recalled and the Confederation was faced with the combined might of the Corporate Court. They were able to hold out for three months before collapsing from within. And once they dust had settled they afforded Wuxing all due courtesy as a megacorp.
This, however, brought a temporary end to Wuxing’s rapid diversification. The megacorporation seemed to stall, and it wasn’t until four years later in 2057 when the ball started rolling again. This time thanks to President Dunkelzahn from the UCAS. More specifically the Great Dragon’s Will. Wuxing Inc. was granted either directly or indirectly three bequests from the Will.
The first was 200 million nuyen to be spent at the CEO of Wuxing’s discretion. This money was funneled into their magical R&D group at the younger Wu’s behest. This money helped them make giant strides in their magical goods and services. It’s also believed that it was used to help research the second bequest…
Which was the Jade Dragon of Wind and Fire. This jade statue of three fish leaping into the air is definitely a focus of some sort though few know the exact details. It is widely believed to be used by Wuxing to focus and magnify the dragon lines of the area through geomantic magic.
The third and final bequest was the Third Coin of Luck, the Fertility Coin. This was given to Sharon Chang-Wu, wife of Wu Lang-Wai. This Coin is said to bring growth and fertility to all things. It could help explain the growth of Wuxing and the birth of the Wu’s quintuplets in ‘61. Within a year of the bequests Wuxing went from a small AA to a spot in the Big Ten. Wuxing had turned into King Midas. Every acquisition turned to gold, and their profits soared. And the younger Wu wasn’t going to let a golden opportunity pass. He gathered a new group of small to medium sized corporations and one megacorporation (Yamatetsu) in the area and formed the Pacific Prosperity Group (PPG) with the express purpose to oppose Japanacorp influence. Then the Crash 2.0 occured. Several of the smaller companies couldn’t manage to stay afloat during those troubling times. They looked to Wuxing for guidance, and found themselves quickly bought out by the larger corp or by their “ally” Yamatetsu (now named Evo). Wuxing managed to gain the most out of this profiteering and picked up the Malaysian Independent Bank (MIB) which quickly became the backbone of the PPG.
This upset the smaller corporations and even Evo. While each corp had equal representation in the PPG, everyone was worried that Wuxing would be able to exude undue influence over companies who did business with the MIB. Evo started pulling away from it’s ally and the megacorporate bloc was split down the middle.
Evo struck out against Shiawase and this fueled controversy inside the PPG. No single bloc could shut down Evo’s actions, not even the Wuxing backed delegations. Wuxing had to gain a foothold to control the fate of the PPG so they made a deal with Aztechnology. Despite years of obstructing Aztechnology’s inclusion in the group, Wuxing finally relented and allowed them to join. This has caused even further fracturing with the PPG and has pushed Wuxing farther away from the group which it had formed.
Wuxing Financial Services
Prosperity Development Corporation
Albion Mutual Funds
Fidelity Mutual Insurance Corporation
Malaysian Independent Bank
Wuxing Worldwide Shipping
Swift Wind Deliveries
Cartwright Cartage and Freight Inc.
Consumer Goods and Services
Four Winds Press
Tiger Trideo and Simsense
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.