The relevant patents for VCDs have already been applied for, and Wujiang Group is not afraid to let people know. It is probably only Wujiang Group in the world that is currently researching these things.
Moreover, VCDs have two core technologies: an MPEG decoding chip and a drive mechanism (optical disc reading and driving system). No domestic company can produce either of these.
But this was basically no challenge for Zhao Ye.
It is expected that Wujiang Group will be able to produce a prototype in the second half of this year, and if all goes well, it can invest in building a factory by the end of this year.
After listening to Du Xiaoyan's explanation, the leaders, though not entirely understanding, had a general idea that it was a product similar to a video recorder.
"Ms. Du, there aren't many people in China who can afford a TV. Will this VCD sell?" someone asked doubtfully.
Du Xiaoyan smiled and said, "First of all, before the 1990s, this VCD product was mainly exported overseas!"
The 1980s were the period of great competition between the VHS and Betamax videotape standards.
By 1987, although VHS had not yet achieved dominance, it held a clear advantage, and Sony's Betamax videotape standard was likely to lose.
At this time, if VCD suddenly appears and enters the fray...
Sony will most likely switch to supporting the VCD standard, since Sony was one of the originators of the CD standard. Since the Betamax standard is going to fail anyway, they might as well support VCD.
Therefore, unlike its predecessor, VCDs have a very promising future in entering the European and American markets during this period.
Moreover, compared with traditional VHS recorders, VCDs offer a wider variety of software and higher image quality. VCDs also typically feature high-quality dual-channel stereo or Dolby surround sound, and their low price once overshadowed videotapes.
Many people even predict that VCDs will replace VHS tape recorders.
As a result, DVD was invented and replaced VCD...
This is awkward; the VCD player is practically in despair.
Fortunately, in this generation, the VCD was released six or seven years earlier, and it really has a chance to replace the VHS recorder.
Du Xiaoyan continued, "After the 1990s, the domestic economy should have grown, and people's incomes should have increased significantly, so many people should have been able to afford VCDs."
After a pause, Du Xiaoyan revealed, "VCD is a project that Chairman Zhao Ye is very optimistic about. This industry has a huge market, worth hundreds of billions of dollars. Wujiang Group not only sells VCD players, but also CDs. Even if consumers can't afford VCD players, it doesn't matter. Our company has plans, for example, to build video halls all over the country and even the world. Just our own production and sales can consume hundreds of thousands of VCDs. We even plan to build audio-visual stores to rent out VCD players and discs..."
"Consumers in developed countries will likely buy VCDs directly, while consumers in developing countries, though unable to afford VCD players, are at least willing to spend a little money to watch movies at video arcades. The price is not expensive; a movie can be watched for just a few cents."
Du Xiaoyan made grand promises to the leaders in Chongqing, but these were indeed part of the Wujiang Group's plan.
Du Xiaoyan didn't believe the leaders wouldn't be tempted.
In today's context of a national foreign exchange shortage, local governments cherish any company that can export and earn foreign exchange.
In fact, the leaders were already quite excited by Du Xiaoyan's empty promises.
Chongqing is the largest port city on the upper reaches of the Yangtze River and has very convenient transportation, but Chongqing has never had any outstanding foreign exchange earning products.
Wujiang Group undoubtedly gave the Chongqing government a glimmer of hope.
As for Tianfu Cola... although it's not bad, it can't compare to VCDs, and most of the leaders in Chongqing think so.
Soon, Du Xiaoyan, representing Wujiang Group, finalized an acquisition agreement with the local government, investing 130 million RMB to acquire Tianfu Cola in its entirety.
Tianfu Cola Company was established in 1983 and once held a 75% share of the domestic cola market. Unfortunately, in the 1990s, with the wave of attracting foreign investment, Tianfu Cola entered into a joint venture with Pepsi, but was gradually "shelved" during the cooperation process and then disappeared from the public eye.
...
Not long after, Wujiang Group made another breakthrough, acquiring Tianfu Cola, which caused a national sensation once again.
Currently, Wujiang Group has acquired four of the eight major soft drink factories in China, leaving only Tianjin Shanhaiguan Soft Drink Factory, Shenyang Bawangsi Soft Drink Factory, Wuhan Beverage Factory No. 2, and Laoshan Soft Drink Factory.
"This Wujiang Group is really amazing. They acquired four large soft drink factories in a row. I have to say, I'm impressed!"
"I reckon it won't be long before these four soda factories become part of the Wujiang Group!"
"The landscape of domestic soft drink manufacturers is undergoing a major change; Wujiang Group is aiming to monopolize my country's soft drink market!"
"I think the government will step in to stop Wujiang Group from continuing like this!"
"..."
Laoshan Soda Factory is under the jurisdiction of the Qingdao government.
At that moment, the Qingdao government was holding a meeting.
"Wujiang Group has already acquired four major soft drink factories in China, and next it may be Laoshan Soft Drink Factory's turn. What do you think about this?" the secretary asked.
"Haha, of course it's a good thing! Laoshan Soda Factory is just selling soda after all. It's not as classy or sophisticated as selling high-tech products. If Wujiang Group has any high-tech projects settling in Qingdao, we can sell Laoshan Soda Factory to them," a leader said with a smile.
Immediately, many people responded.
Although some people expressed their opposition, it was useless because there were too many supporters.
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