I attended one of those dinners, which consisted entirely of the actual controllers of listed companies.
For dinners hosted by big shots like this, the seating arrangements are usually explained to them beforehand, specifying who sits in which seat.
Therefore, the only possibility is that everyone present agreed that Zheng Li should sit in the seat of honor.
"Zheng Li is already a half-step Dou Di, that's terrifying!"
The Weibo post was quickly reposted by another influential user, who commented in the repost:
"Isn't this just like the Dongxing Society back then?"
The Dongxing Club was organized by Qiangdong and Wang Xing, and as a result, Pony Ma sat in the seat of honor. Qiangdong and Wang Xing sat on either side of Pony Ma.
This seating arrangement only demonstrates that everyone acknowledges Zheng Li's standing in the industry.
The influential blogger is the founder of a second-tier internet company who once attended the Dongxing Conference.
His comments were well-received by netizens.
"The Yangtze River's waves push the previous waves forward, while the previous waves crash onto the beach."
"This is the real rising star. Zheng Shen's rise is too powerful, comparable to a category 12 tsunami."
The situation escalated too quickly; the influential blogger posted the group photo on Weibo at 11 p.m. that same night, along with accompanying text.
Starting at 11 p.m., the hashtag for "Wuzhen dinner party" remained at the top of Weibo's trending topics list.
Seeing the incredible popularity, Lei Jun couldn't resist posting on Weibo to ride the wave of this trend.
He has always enjoyed posting on Weibo and using Douyin, social media platforms that allow him to connect with young people.
Lei Jun posts on Weibo almost every day.
"Having dinner with old friends I haven't seen in a long time, what do you guys think of the photo quality of the Mi 16 Ultra?"
Then he posted a group photo of the dinner party from the Wuzhen Summit last night.
The Weibo post quickly garnered over 10,000 likes and reposts, drawing criticism from many netizens.
"Mr. Lei was really moved to tears. No matter where he goes, he never forgets to promote Xiaomi phones."
"It's a relic of the past. You know, back when the mobile phone brands were fighting, the bigwigs at the Wuzhen dinner party would take photos and post them on Weibo just to compare which brand of phone had the best camera."
So many years have passed, and most of the mobile phone brands from back then have died out, but Lei Jun remains true to his original aspirations.
Still praising the camera performance of the Mi phone.
It has always been a common practice for founders of internet companies to use the Wuzhen Summit to advertise their products.
However, due to some external factors in the past few years, the Internet Conference was held online. With the passing of the Internet dividend, this phenomenon has gradually disappeared.
In the past, at dinner parties, companies like Xiaomi, Huawei, Motorola, Lenovo, Coolpad, and even 360 would advertise their own mobile phone brands.
Yes, 360 also made mobile phones before.
You might think 360 is an internet security company, but in reality, 360 is more of a financial company.
360 Finance, which was incubated by 360, mainly engages in internet consumer loans and financing guarantees, and its net profit is more than four times that of 360 Group.
The 360 JieTiao that everyone often sees is a loan product under 360 Finance.
During the previous bike-sharing war, at the Wuzhen Summit at the end of 2017, Mobike became the only bike-sharing partner of that summit.
Mobike paid a huge price for this.
As an aside, Mobike's Series A funding round was fully funded by Joy Capital, which was mentioned earlier.
"Compared to President Lei, Zheng Li is really too young. You can't see a single wrinkle on his face."
"It would be strange if Zheng Licai, who is in his twenties, could have wrinkles."
"Since Mr. Lei started his rice-based car business, he has aged a lot in the past few years."
"The competition in the new energy sector is too fierce."
In recent years, mobile phone manufacturers from that era have begun to enter the new energy vehicle market.
It's so curly!
In recent years, mobile phone manufacturers have begun to venture into the field of car manufacturing.
Apple, Sony, and Xiaomi are examples of companies that directly enter the market and manufacture cars themselves.
Mobile phone manufacturers like Huawei, OPPO, and Vivo collaborate with other car manufacturers.
Mobile phone manufacturers have taken on the design, most core components, supply chain integration, and final sales of new energy vehicles.
The so-called cooperation is very close to the actual car manufacturing.
"Could you tell me what we talked about at the dinner?"
"When will the price of the rice phone drop? I've calculated it and it should be around that time."
The reason why Xiaomi phones fail to achieve cost-effectiveness is largely due to their rapid price drops.
This action shows a complete disregard for the feelings of the first batch of consumers who purchased the product, who are also the most loyal Mi fans.
Unlike other high-end mobile phone brands, it's impossible for Xiaomi phones to start lowering prices within a month of launch, with price reductions exceeding 10%.
Moreover, this problem is not limited to the Mi phone, but also appears in the entire Mi product line.
Previously, Dami launched an ultra-high-end TV called Dami TV Master, which was priced in RMB when it first came out.
A month later the price dropped to RMB, and another month later it became yuan.
What do consumers who bought this TV before think?
Even the most loyal rice fans, after this experience, will probably never consider premium rice products again, or even any rice products at all.
Building a high-end brand requires boldness. If you want to build a high-end brand but lack the boldness and determination, you will inevitably fail to gain a foothold in the high-end market.
Rice cannot be made into a high-end brand, and it's not just because of its initial focus on cost-effectiveness.
"This is truly the most prestigious dinner party I've ever seen with big shots."
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