Chen Dong noticed that this time, Elder Lin not only brought Secretary Wang, but also several young assistants who rarely appeared in public. He thought to himself, "Elder Lin's purpose in coming to Longteng today must be quite something."
He nodded to the people behind Old Lin as a greeting, then Chen Dong smiled and said, "You're too kind. You can come to see me anytime."
"I heard you've been running quite a business in the last six months. What was that music player you launched about two weeks ago called again? The Dragon Speaker. It's even selling in China." Old Lin looked at him with a smile.
Chen Dong was not surprised. In fact, he had emphasized to the engineering and technical departments that although the products launched by Longteng Company were mainly for the European and American markets, they should also take into account the Chinese and Southeast Asian markets.
Therefore, whether it's online music websites, ICQ, iPod, or Longteng speakers, there are actually special customized versions for China.
"Mr. Lin, this speaker is a product we just launched in cooperation with a North American media company. We put in a lot of effort in the early stages of product development, and I believe consumers can see our sincerity," Chen Dong said confidently.
Mr. Lin nodded. “Our industrial manufacturing industry started late in China. I know that the technology used in this speaker is not considered high-tech in Europe and America, but integrated circuit speakers are actually very popular in China.”
"This speaker is inexpensive, has low cost, long lifespan, and excellent sound quality, which can meet the basic function of listening to music. However, there are still too few sales outlets for this speaker. The one I have at home was bought from a first-tier city by Secretary Wang."
Secretary Wang pursed her lips. The speaker wasn't expensive, but it was hard to find one.
Chen Dong quickly reflected, "The Longteng speaker is the first phase of our product line. Our production line has just been launched and is only just beginning to operate, so production capacity is still insufficient."
"It will probably be another two or three months, once the product inventory in the European and American markets is saturated, then the product quantity in the China region will be able to keep up."
Mr. Lin finally revealed the main purpose of his visit: “Look at you, you still have the mindset of a big entrepreneur. Whether it’s producing products or building a website, you’re always looking at the European and American markets first, and the China region is always the last thing you consider.”
Chen Dong and Annie, who was standing next to him, panicked when they heard this. He quickly explained, "Mr. Lin, it's really not what you think."
People were coming and going outside the large conference room. Chen Dong glanced around and felt it wasn't appropriate to talk there, so he quickly made a "please" gesture:
"Mr. Lin, let's talk in my office."
After listening to what Elder Lin said, Chen Dong understood that Elder Lin's purpose in coming today was not simple.
Chen Dong gestured for Old Lin to sit down, then turned to Annie and instructed, "Go and fetch my treasured Tieguanyin tea."
"Mr. Lin, you just said I have a prejudice against the Chinese market, but you've misunderstood me," Chen Dong explained. "It's not that I prioritize Europe and America over China, but rather that the Chinese market currently has too many restrictions and limitations."
"First of all, there are internal restrictions. There are still many companies in China that do not abide by the rules. They love to copy and imitate, and even sell directly under their own brand. These market behaviors that do not abide by the rules are really driving away customers for product development companies."
“Our electronics technology company has invested a lot of money in research and development, but once these products enter the Chinese market, they are quickly copied and imitated by factories in the Chinese market, and the same products are exported to the market.”
"The important thing is that they will use cheaper materials and unskilled workers to turn a good product into a 'youth version' or a 'disabled version,' which is a big blow to tech companies."
Old Lin's expression gradually turned serious, and Chen Dong, seeing that things were going well, decided to stop.
"Of course, this is not something that can be changed overnight. I also know that the domestic market is not easy. People's consumption level is low and they cannot afford the prices of big-ticket commodities and high-tech electronic products."
"Our main strategy now is to first release our products to first-tier cities in Europe and America, and then recoup enough R&D costs in these places to ensure the basic operation of the company. After that, we will mass-produce and sell our products in China."
"This ensures that companies can cover their R&D costs while also guaranteeing that people in China can enjoy the same products as people in Europe and America."
Looking at Chen Dong earnestly, Mr. Lin said, "Electronic products have a high added value of technology. I am not an expert in this area, but I agree with you. Enterprises must survive first before they can benefit the general public."
"But Chen Dong, you know that our China region has been subject to technological blockade by Europe and America."
Chen Dong still didn't understand what Elder Lin meant. The leader frowned and sighed, "I don't care about your high-value-added products, but shouldn't your Amazon Group, which you control, establish a branch in China?"
So that's what Old Lin came all this way to talk about. Annie and Chen Dong exchanged a glance, neither daring to speak. Lin Zhiyuan couldn't help but interject:
"Sir, Amazon's business is mainly concentrated in Europe and North America. There are plans to expand into Southeast Asia, but in China, especially in the mainland... I have not heard of any plans by Amazon to expand into China."
Old Lin glanced at Lin Zhiyuan, then looked at Chen Dong: "Don't you have absolute control over Amazon? Can't you influence Amazon's business strategy?"
Chen Dong then looked at Elder Lin seriously and asked, "Elder Lin, do you want us to use our influence at Amazon to invite Amazon to set up shop in China?"
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