Hong Kong.
Cheung Kong Holdings.
Cheung Kong Holdings is one of the largest property developers in Hong Kong, developing a range of residential and commercial properties.
It is no exaggeration to say that one in seven residential units in Hong Kong is developed by Cheung Kong Holdings.
at this time.
In the CEO's office of Cheung Kong Holdings, Li Ka-shing sat in his executive chair, but had no interest in working.
His mind was entirely focused on the press conference held by Sony in mainland China.
Although his investment in Wanjia VCD failed, and in some ways he lost to Chen Dong, he was still watching the subsequent developments.
Li Ka-shing's exit from Wanjia Company is a foregone conclusion, leaving only Longteng Electronics and Sony as the remaining VCD giants.
In this return incident, the company that suffered the most was not Wanjia Company, after all, Wanjia Company is much smaller than Sony.
Sony Electronics operates in 158 countries worldwide, and in addition to VCDs, it also produces audio equipment, Walkmans, and other electronic products.
However, Sony also fell into the trap set by Chen Dong. As we often say, the enemy of my enemy is my friend, which perfectly describes Li Ka-shing's mindset at this time.
He was convinced that he couldn't win, and he didn't want to see DragonTeng win completely, so naturally he hoped that Sony could turn the tide and win.
Since Sony dared to invite journalists from all walks of life to attend the press conference, it's hard to believe that they didn't have some trump card up their sleeve.
At this moment, he was waiting for news to come back from the mainland.
These years are not comparable to those in later years; at least, Sony's press conference was not up to the standard of live broadcast.
Even if there are local city or district radio stations rebroadcasting, mainland broadcast signals cannot be received in Hong Kong.
Not long after.
There was a knock on the office door.
"Come in!"
Li Jiacheng's voice sounded very deep and authoritative, just like his usual personality.
A man in his thirties, dressed in a sharp suit, carefully entered the office and gently closed the door.
"how's it going?"
Li Jiacheng looked at the man in front of him and asked a question.
He is now eager to know what Sony said at its mainland China launch event and whether it can turn the tide.
The man walked to the desk, nodded to Li Jiacheng, and replied, "Chairman, there's news from over there. Sony announced at a press conference that it will recall all released Sony VCDs globally, and also promised that customers who do not wish to have their devices recalled will receive Sony's after-sales service for life."
Li Jiacheng gasped, asking in surprise, "Is that really what they said?"
"If I remember correctly, Sony has sold quite a lot of VCDs worldwide, hasn't it?"
Li Jiacheng tapped his fingers on the table, making a dull thud, but his thoughts were on the information he had seen before.
The man nodded and immediately responded, "Yes, Chairman. According to relevant reports, Sony Group has sold more than three million VCD players worldwide."
"hiss......"
Li Ka-shing's first reaction was that it was impossible, but his assistant nodded seriously, quite certain of it, and after thinking about it, he felt relieved.
If it were him, he would have done the same.
Nothing more!
Sony may be able to afford the losses caused by VCDs, but it cannot afford to lose the entire Chinese market.
If Chen Dong were here, he would definitely agree with Li Jiacheng's opinion.
They shared the same idea: Sony's main products were not these, but rather the brand image that had long been established in people's minds.
It's fair to say that the name Sony alone is a golden brand, and it can even secure loans of no less than a billion dollars from banks.
Is it exaggerated? No, not at all.
The most famous Coca-Cola, with just these four words, can gain the favor of countless people and also obtain tens of billions of dollars in financing from capitalists.
This is what the financial industry refers to as goodwill value.
Just like some stocks, when their financial reports come out, they say that they lost billions of yuan this year, and their goodwill value was reduced by billions of yuan, etc. What they are talking about is actually reputation value.
Li Jiacheng nodded, digesting the information he had just heard, and then asked, "What was Longteng Electronics' reaction?"
The man shook his head. "According to reports from people at the scene, it seems that no one from Longteng Electronics attended this Sony press conference."
"You didn't attend?"
Li Jiacheng laughed heartily, feeling relieved. He had previously thought he had underestimated Chen Dong and had been unable to find a breakthrough with him, but now that he heard his assistant say this, he felt much more at ease.
"They're just young, how could they be so careless with their opponents?"
The assistant understood who Li Ka-shing was referring to: Chen Dong, a rising star who had recently been making waves in Hong Kong's elite circles.
Although his assistant had never met Chen Dong, he could recite Chen Dong's information by heart, such as his rise to prominence in the futures market in 1990, his agreement with the shipping magnate in 1992, and even his oil field in the Middle East worth no less than 10 billion US dollars.
The assistant felt a chill run down his spine at the thought of Chen Dong's age.
Chen Dong is far too young. While the second-generation members of Hong Kong's wealthy circles and the four major families are still out enjoying themselves, Chen Dong has already built a vast empire.
They are already comparable to these established, top-tier billionaires.
He is practically an idol for young people.
If it weren't for their differing stances, assistants would all want to work for someone like him, rather than for that old fox, Li Ka-shing.
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