Once manufacturing and marketing costs are reduced, the company can quickly turn a profit.
However, global commodity prices have risen sharply in the past two years, especially for materials related to new energy.
The price of lithium carbonate is skyrocketing.
It's not easy to reduce costs.
I know most of the Dami Auto team; they're capable. Sometimes, starting a business really depends on whether you've caught the right trend.
When you are a senior executive, you will find it particularly easy to meet people. No matter where you go, people will hand you their business cards and introduce themselves. After they finish their introduction, others will even add to it.
When Li Miaomiao visited Dami Auto for an exchange, the senior management team of Dami Auto introduced themselves one by one. Afterwards, Lei Jun would talk about the personal situation, personality traits and resume of each senior executive.
"What about Tencent? What's the current situation at Tencent?" Zheng Li asked curiously.
Zheng Li had experienced Tencent's Huanyu-Pengcheng, which was somewhat similar to the virtual city he built in the Mage Alliance.
Since the Mage Alliance cannot put everyone on a single network for communication, it adopts a method similar to a local area network.
The area under the jurisdiction of the Mage Tower shares a single network.
Basically, each mage tower will have its own virtual city.
As a god of magic, Zheng Li has seen many virtual cities of various styles.
It is quite rare to bring a real-world city almost exactly to life in a virtual world.
What Zheng Li didn't expect was that virtual real estate could also be sold for money.
Virtual currencies existed in the Mage Alliance during the medieval era, but he had never actually seen virtual real estate.
Whether it's real-world currency or virtual currency, currency itself has no intrinsic value. Therefore, the transition from real-world currency to virtual currency is easy to understand.
However, real estate in reality and virtual real estate are completely different concepts. Zheng Li was very curious about how to assign value to them after hearing about it.
After communicating with Li Miaomiao, he learned that virtual real estate adds value through online education, but Zheng Li still felt that the price was too high.
In Zheng Li's mind, knowledge is the most valuable thing, and on Earth, the latest Nature book costs only a few tens of dollars.
It's also easy to find free electronic document downloads, meaning they're free.
Li Miaomiao replied, "Because VR brings in money so quickly, they've devoted most of their energy to building the metaverse ecosystem."
Although the Industrial Internet is being promoted, it seems to be only being implemented with very little effort.
After communicating with them, I learned that they have very few resources available in areas other than VR.
Traditional WeChat and gaming teams still receive some resource allocation, but areas like the industrial internet, which were never popular to begin with, have become largely ignored.
They probably don't intend to get involved in this mess.
"Industrial Internet was not their main business to begin with, but now that they have finally found the direction of the next generation of Internet revolution, they will definitely concentrate all their efforts on it."
I attended a press conference hosted by Tencent, and afterwards, Tencent's vice president said they could give me a virtual property in the "Universal-Pengcheng" area.
Zheng Li: "I can't understand why virtual real estate, with such high prices, was snapped up in less than two days."
Li Miaomiao explained: "In human history, since ancient times, people have been giving value to things that have no value."
From the earliest seashells to later precious metals, and then to currencies and cryptocurrencies, these are all values that humans have attributed to them.
Virtual real estate works on the same principle; its value is given by human consensus, or to put it more bluntly, by capital.
The more meaningless things are given value, the more pronounced the gap between the rich and poor in the world becomes.
Capital profits by assigning value to meaningless things.
BTC is worth 50,000 US dollars, while the spot price of copper futures is only 7,000 US dollars. One BTC can be exchanged for 7 tons of copper, so the actual value of the two cannot be equated at all.
In reality, our current food production is enough to feed seven billion people worldwide. These deliberately assigned values are intended to further divide society into more hierarchical classes.
Just like in an online game, more and more items are released to categorize players. But in reality, there are only ever two categories—players and game developers.
Manufacturers sell the items they design to players in various ways, creating differentiation among players.
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Cryptocurrencies, funds, bonds, and equities are all just game props.
The fact that virtual real estate is so expensive yet people are still buying it is essentially because capital has a demand for this type of asset, and Tencent just happens to be catering to that demand.
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