The top management hasn't given up on Amazon yet, and Chen Dong's proposal has clearly run into trouble.
Lin Zhiyuan, standing next to Chen Dong, lowered his head and asked in a low voice, "Walmart hasn't given up on acquiring Amazon yet. If they open up equity, we'll probably be in a very passive position."
Inside the meeting room, many people had already begun to whisper among themselves.
"Everyone!" Chen Dong started by mentioning his own achievements, "The several major projects that Longteng has invested in recently have all been very successful, which proves that my judgment is correct."
"Opening up Amazon's equity will allow Amazon to revitalize itself and enable the market to proactively adjust the supply and demand imbalance."
The whispers stopped, and Chen Dong continued, "If you trust me, then do as I say."
This matter cannot be decided overnight, and Chen Dong did not want to waste words with them. He quickly explained the reasons and gave them a deadline to think it over carefully. The formal vote would be held five days later.
If no one objects in the vote, it will be considered as agreement.
"Meeting adjourned," Anne announced.
Old Lin was sitting in the first row of the conference room. After the meeting, Chen Dong went over to greet him, "Old Lin!"
"You've been quite active lately. Did you really handle all these big projects?" Old Lin asked.
Chen Dong glanced around the conference room and, seeing that almost everyone had left, said, "I did it all."
"Mr. Lin, this high-level meeting shouldn't have bothered you, but I invited you here mainly to hear your opinions."
Old Lin remained silent for a while. Regarding Chen Dong's earlier suggestion to open up equity, he held a conservative opinion.
However, the international landscape has changed dramatically, and his vision is no longer suitable for this rapidly developing era.
“I’m not familiar with the European and American markets,” Old Lin looked at him and answered seriously, “but as far as I know, the free markets here have a strong ability to self-regulate and self-digest.”
"If you're worried that Amazon will be swallowed up after opening up equity, then... it just means it's no longer suitable for the free market."
Old Lin's words enlightened Chen Dong.
"Mr. Lin! You've taught me another lesson today," Chen Dong said with a smile.
Old Lin shook his head modestly, "It's not that I taught you a lesson, but that the principle was already in your mind."
After seeing Mr. Lin off, Chen Dong asked Asia Travel Capital to reassess the Amazon equity situation.
The response they gave was that it would take time.
"Time," Chen Dong sighed.
Just now in the meeting, he was the one giving others time; now others are asking him to give them time.
Given the complexity of Amazon's situation, which couldn't be assessed in just a few days, Chen Dong began to focus his attention on other projects.
North American music media companies benefited from the online music boom and quickly became ambitious, wanting to make a fortune in playback devices. However, music player devices are nothing more than MP3 players and large speakers.
With MP3 products already available from iPod and Sony IDS, Longteng is far ahead in this field. If they were to develop similar products, they definitely wouldn't be able to compete.
Another crucial point is that the media company is currently in a cooperative relationship with Longteng Electronics. They have publicly advocated respect for copyright. If they were to privately imitate their partner's products, wouldn't they be criticized?
This is absolutely unacceptable!
So, North American music media companies came up with another idea: since they couldn't imitate DragonPlay and make their playback devices smaller, they would make their playback devices larger.
Radham was eager to try the idea, but Executive Director Pease reminded him:
"A significant portion of our current music digitization was accomplished with the help of DragonPlay. Although we hold the copyright, if we want to use a music player, do we still need to inform DragonPlay?"
"After all, a media player and an iPod are the same type of product on the surface."
Radam frowned. "We're cooperating with them, and we still have to consult them on everything?"
"Don't forget, we are the copyright holders."
It seems the big boss hasn't quite grasped the situation yet. The music director and artist manager exchanged a glance, looking troubled: "After Longteng's online music website went live, it attracted a considerable number of media companies to join."
"Now, that website not only has North American music media, but also comprehensive arts media, record companies of all sizes, and even the Recording Music Association has been invited to join the website as an honorary music organization."
"Actually... even if Dragon Music loses our North American music media now, it won't suffer any loss. It will just lose a batch of playlists."
These words finally made Radham realize what was happening.
On the surface, North American music media company is still DragonMedia, the primary copyright holder of online music websites. However, even if it loses North America, it still has South America. In short, DragonMedia has no shortage of copyright holders.
Now is not the time for Chen Dong to politely beg him to stay.
"Fine! Tell him then." Radham said impatiently, "I'm just informing him in advance. Whether he supports it or not is not important."
A few days later, a North American music media company called, saying they had a speaker project they wanted to discuss with the owner of Longteng.
Annie hung up the phone and turned to look at the speaker that had already been made on the floor.
Chen Dong and his colleagues in the technology department are adjusting the volume.
“Boss, North American media said they want to develop a speaker that can amplify volume and optimize sound quality for…” The more Annie spoke, the more she felt that the speaker North America was talking about was the one right in front of her.
Chen Dong asked in confusion, "For what purpose?"
"It's for throwing music parties for people who love music," Anne replied.
Young people in Europe and America like to get together and have fun; parties and dinners are nothing special for them.
"In other words, the product that North American Media Company planned to develop has now been developed by us." Chen Dong looked at the speaker that was still vibrating on the ground.
“That’s exactly what they mean,” Anne confirmed.
It's true that you should start a business early; even this kind of development concept can lead to similar problems.
"Let the people from North America come see me." Chen Dong turned off the music, and the technicians returned to their posts.
The music stopped, but Chen Dong's research on the speaker did not stop.
"Boss, what will the people at the media company think if they see our speakers?" Annie asked curiously instead of rushing to make a call.
Chen Dong carefully examined the speaker components and replied casually, "How would I know? Anyway, my idea is that since they also have the idea of developing speakers, why don't our two companies cooperate?"
"Oh dear!" Annie exclaimed, then continued, "Wouldn't that mean they'd be taking advantage of our technical department?"
Chen Dong affectionately ruffled Annie's hair. "What are you thinking about? Of course, we're not giving them speakers for nothing!"
......
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