Longteng Electronics competed with international giants like Sony, and with its low-cost, high-quality products, it squeezed Sony VCD out of the Chinese market. Furthermore, it successfully overtook Sony in the subsequent development of DVDs.
Now everyone knows that China was the first country to produce DVD products.
However, due to the different tariffs in each country, coupled with local protectionist measures, Longteng Electronics has not gained much advantage overseas.
Sony's public relations team and its extensive network of contacts overseas, established over many years, are far superior to those of Longteng, a young company.
Therefore, even though Longteng Electronics has established a great reputation in the low-end market, it has always been passive in the high-end market due to the low brand awareness among Westerners.
The high-end market is precisely where a company's profits are best reflected.
According to Annie's initial idea, shrinking some of the overseas business would at least preserve the strength and channels, which would also play a decisive role in the future comeback.
But Chen Dong did not agree with this.
To be precise, Chen Dong dislikes the behavior of certain Western politicians. To put it bluntly, these politicians are all serving the interest groups behind them.
Who knows, one day, the interest groups behind politicians might be unable to defeat their opponents and will resort to a desperate measure, first by using the pretext of an investigation, or by accusing them of something as baseless as a threat to national security.
The end result was that American companies acquired all of these companies' overseas operations and industries at the lowest possible price.
There's something else Chen Dong didn't explicitly say, but it's clear that the Freemasons' crackdown on his overseas assets won't make it easy for Chen Dong's businesses to get through.
If, once the fines are paid, they can easily find a reason to prevent these companies' products from re-entering Western markets.
This is what Chen Dong is truly worried about.
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