Xing Baohua's proposed technology fully aligns with European standards, but there are still some technical differences. Motorola also has its own solution, but Motorola alone cannot compete with the European standard and the Qualcomm alliance.

Motorcycles are equipment manufacturers, not operators, so when they realized they couldn't compete with them, they abandoned their self-developed wireless transmission technology.

We can acquire the patented technologies from both sides, develop modules to use on our own equipment, and thus enable both wireless operating systems to support motorcycle devices.

After inquiring with Ericsson and Nokia, Xing Baohua discovered that their so-called GPRS was nothing more than simple wireless data transmission.

In their vision, a large device would be needed for point-to-point transmission within the base station.

However, they haven't thought about using it in mobile phones and other wireless devices yet, since the current technology produces relatively large devices.

This is equivalent to stuffing a device the size of a computer into a mobile phone.

Knowing their thoughts made things easier for Xing Baohua.

After finalizing the plan, we set a time to continue the meeting.

At the meeting, Xing Baohua also distributed the plan, aiming to reach an agreement on the second-generation GSM wireless mobile communication system.

Xing Baohua hopes everyone can work together to develop the technology and share the patents. Other mobile phone manufacturers who want to use it will need to pay for the patent usage rights.

The five companies established a patent fund, and all the profits from licensing were deposited into the fund account, with dividends distributed annually.

This condition was unanimously agreed upon; if everyone does their own thing, rice will benefit. Rice technology is now more advanced than motorcycle technology.

As for GPRS wireless data, it has also been integrated into the experiments of the five companies, jointly developed and profited from.

Xing Baohua positioned GSM as a second-generation communication product.

GPRS is positioned as a 2.5G communication product.

We will use the second generation as a transitional model, and finally achieve maximum profitability in the 2.5 generation.

The future looks bright, but right now there are many difficulties.

The laboratory was originally planned for Hong Kong. In fact, Xing Baohua really wanted to move the laboratory to the Luzhong Laboratory Building.

To avoid any concerns they might have about the red zone, they had to decide on Hong Kong. After all, it was still within the Eagle's territory, which put their minds at ease.

It took about two weeks to finalize all these odds and ends. Not only was the money raised from the young masters almost entirely spent, but there were still over a billion yuan owed for project payments.

Large projects are not given out all at once. Xing Baohua has enough money to last for about a year, which means he must go public in a year.

If he doesn't raise funds from the stock market, he'll really run out of money to play with. The scale is too large; even the money from selling mobile phones can't keep up with the costs of investing in all his projects together.

And so, they still owe more than a billion US dollars.

In addition to the bank loan for his old home power plant project, he is now heavily in debt.

Actually, this guy has over a billion yuan in liquid funds sitting in the bank. This is for emergencies and regular expenses.

He only mobilizes funds to fill the gaps when a project is in dire need of money.

This money shouldn't be touched carelessly.

Seeing that Xing Baohua had finally finished the meeting, the shareholders didn't allow the media to report on its content and outcomes. Many media outlets knew about the meeting, but were unclear about its details.

Some familiar media outlets approached the young shareholders for information, asking about their business dealings and social activities. But who understands Xing Baohua's technology conference? Not a single person does.

But they still care, so they have to ask about it.

When I learned that the meeting was about developing international standards, I was completely baffled by everything, from charging ports to data cables.

Then I heard about free promotion of images, audio, and video formats.

They burned through billions of dollars just to produce this kind of junk?

That's not right! This is the rice company's doing! They have nothing to do with it!

This is a bit awkward. After all that, it turns out they're just using Huahong's projects to exchange for those free standards.

Well, what can you expect when Xing Baohua is the chairman?

Fortunately, rice isn't a profitable business, otherwise we could have to set aside some money for it.

Xing Baohua told the shareholders that the results of those free things should be used to lock in a few major manufacturers and work together to develop standards.

Although those standards had nothing to do with Huahong Group, Xing Baohua still managed to secure an investment for them.

In other words, future profits will be deposited in Huahong Bank.

As for the exact amount, Xing Baohua didn't know. But he guaranteed several hundred million to over a billion yuan annually.

Xing Baohua didn't feel that his actions had let down the numerous shareholders; at least he still followed the plan to improve Huahong Telecom's infrastructure.

It's just a convenient way to use the project to support my own company, DaMi Technology.

Nobody knows where the profit comes from offering these free services.

Images, audio recordings, and videos.

Aside from the images, he already bought global digital rights to everything else. That's where his profits come from.

He first promoted it for free to all manufacturers. In the early days, there were only a few wireless terminal manufacturers, and he organized them into groups to produce equipment using the format he specified.

Once these mainstream manufacturers' equipment is available for global sale, it will definitely not support other image, audio, and video formats.

At that time, Xing Baohua will open a download website and app store online, and switch to a paid model.

This is the real secret to making money.

This tactic was learned from Apple later on. They claimed that 70% of their software was free, but very few of the truly free software was actually used. It was the paid software that was truly attractive.

Before the bank even opened, Xing Baohua had already attracted deposits; this was something worth having a few drinks at a nightclub for.

It just so happens that Xing Baohua has been busy for a while, so she can take this opportunity to relax.

He won't be able to relax for long, as he still has to go to South Korea. The Third Prince called him, hoping he would go there to finalize some details.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!