Lantern Festival.
A traditional festival of the Chinese people.
The Lantern Festival mainly includes a series of traditional folk activities such as appreciating lanterns, eating glutinous rice balls, guessing lantern riddles, and setting off fireworks.
In Hong Kong, the Lantern Festival usually features performances such as lion dances.
According to folklore, lion dances can scare away evil spirits and bring good fortune.
But the Li family father and son couldn't be happy at all.
The Li family.
Li Zeju said nervously, "Dad, the situation is very unfavorable for us now. I just heard some news from the mainland that Longteng Electronics has launched a new VCD product, priced at only 1288 yuan."
"1288 yuan, that bastard, why doesn't he just die?"
Li Jiacheng remained silent amidst his son's curses, a rare occurrence for him; in his heart, he had cursed Longteng Electronics countless times.
On the one hand, the manufacturing cost of Wanjia VCD is higher than that of Longteng VCD, not including the VCD patent fees and the chip usage fees extorted by ccube.
This expense alone accounts for 15% of the total sales.
On the other hand, if Longteng Electronics follows Longteng VCD's price reduction and promotion, regardless of whether Longteng Electronics has other means, simply selling it at the price of 1288 yuan means that they will lose at least 200 yuan for every VCD sold.
That's not even the hardest part!
At the beginning of the year, the situation was very promising.
To demonstrate his ambition, Li Jia went so far as to order 5 million decoding chips from ccube company.
Although the contract stipulates that CCBUE will take a 5% cut of the sales price.
But CCube isn't stupid; the contract clearly states a guaranteed minimum price of 2000 RMB.
in other words--
For VCDs priced below 2000 RMB, the decoding chip will receive a 5% cut based on the 2000 RMB selling price, which is 100 RMB.
If the selling price is higher than 2000 RMB, that would be even better. Whether it's 3000 or 5000, ccbue itself is losing money.
This is what is known as tiered commission.
When he signed the contract, Li Ka-shing realized that there was something wrong with it.
However, he was blinded by victory and never imagined that the price of VCD products would be reduced to below 2,000 yuan.
The overall cost of Wanjia VCD has been controlled to within 1,500 yuan through continuous upgrades and the advantages of mass production.
This is already a remarkable achievement.
It's worth noting that the original price of Wanjia VCD player was a whopping 4,888 RMB.
"Let's make peace!"
After saying this, Li Jiaxiang looked as if he had aged ten years in an instant.
“Dad, if we sue for peace, all the money we’ve invested will be wasted. Just a rough calculation shows that the loss exceeds HK$1 billion.”
Li Zeju immediately became anxious.
It wasn't that he was upset about the money.
For rich young men, what they really care about are those female celebrities.
From the moment Li Ka-shing decided to suppress Chen Dong's entertainment industry.
Li Zeju had an inexhaustible supply of money. After reorganizing and acquiring several entertainment companies, he became the de facto controller of these companies.
Miss Hong Kong, rising stars, newcomers, and even big-name celebrities all succumbed to Li Zeju's money and power of life and death.
In less than two months, Li Zeju had changed at least seven or eight women.
How could he possibly give up all of this now?
Li Jiacheng looked at his son with some helplessness and sighed, "Not seeking peace? Do you want me to lose everything?"
"That's settled then. You good-for-nothing, get rid of your entertainment company as soon as possible, you hear me?"
"I understand, Dad!" Li Zeju lowered his head, not surprised, but dared not talk back to Li Jiacheng.
"Hmph, I don't believe you'd be so lucky in a traditional industry."
Li Ka-shing probably never dreamed that all of this was Chen Dong's doing behind the scenes. He naively thought that it was just Chen Dong's good luck that pirated CDs appeared in the entertainment company sector and Longteng Electronics suddenly appeared in the VCD sector.
......
On the other side.
Inside the president's office of Huaxia Star.
Vivian Chow wore a white shirt, a black pencil skirt with a slit, nude stockings, and black high heels, looking every bit the sophisticated and powerful businesswoman.
But at this moment, she seemed more like a little woman blinded by love.
On the phone.
Vivian Chow said softly, "Honey, Mom made some soup at home. She asked if you have time to go back and have dinner with me."
Since meeting Chen Dong's parents during the Lunar New Year, Zhou Huimin's way of addressing Chen Dong has changed.
She entrusted all her happiness to this man.
"I'm currently in a meeting with the investment company."
"Oh!" Zhou Huimin's pretty face showed obvious disappointment, but she still said, "Then remember to eat on time. I'll call my mother later and explain to her."
On the other end of the phone.
Chen Dong gestured for everyone to be quiet, then walked out of the office and said with a smile, "I'll have Wolong pick you up first. By the time you get here, my meeting will be almost over. Today is the Lantern Festival, so I'll speed things up here and buy some more gifts for Mom later."
"Ugh, you're always teasing me. If you keep doing this, I'm not talking to you anymore."
"You misunderstood. I didn't say I wouldn't go... Okay, that's all for now. I'm busy here."
"Okay, see you later, honey."
Chen Dong chuckled, put away the phone, knocked on the door of another office, instructed Wolong to pick up Zhou Huimin, and then returned to the conference room.
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