In the past, if we had a relatively advanced technology or product, we would either suppress prices in the international market or smear it.
Samsung has tried using prices below cost to suppress prices before.
Samsung finally managed to produce a memory chip, which has a market price of over four US dollars, but its cost is only a little over one dollar and thirty cents.
It was attacked by numerous manufacturers, yet it managed to sell for just over three cents.
Samsung loses one US dollar for every chip it sells.
I gritted my teeth and persevered.
Xing Baohua's situation is different from Samsung's, but their experiences are the same.
While the motorcycle wasn't manufactured, Xing Baohua's two-way paging system was unique in the world.
He's been very compliant and hasn't sold his products to Europe or America, so they don't need to use their systems to suppress him. If he had sold them, even disregarding the patent issue, he would have faced two serious charges: monopoly and anti-dumping. Either way, they'd have a mountain of complaint papers ready to be laid out for him.
The other side lacked martial ethics and threw our internal situation into chaos with a single move.
My report needs approval from higher-ups.
More evidence is needed so that the investigation company can obtain substantial evidence as soon as possible; a mere analysis report is insufficient.
Xing Baohua never expected the foreigners to pull this stunt on him. They simply used words to gauge the mindset of some of our people.
That's enough.
No matter how you compromise, even if you do, there will be even bigger pits waiting for you. The pits they dig are all interconnected, each one bigger than the last, and they are also very greedy.
This sentence is difficult to analyze.
He damaged the interests of overall foreign trade and created conflict. He was immediately dealt with; see how much power he wields!
They only want a transaction limit; any aftereffects Xing Baohua may suffer later are none of their business.
While feeling sad, I also felt sorry for myself.
Fortunately, the main team from Shandong didn't touch him, otherwise he would have been really in trouble.
Some time ago, Xing Baohua invested his money in the Hong Kong stock market, which left him with tens of millions of dollars. After various investments, he had very little left.
I thought I could make some money at the Canton Fair to replenish my resources.
We failed to secure any firepower and were almost wiped out.
Let's ignore those things for now and focus on securing our current funds.
All the office staff and translators who came here called our long-term clients.
Xing Baohua needs orders.
Specify a Citibank account.
Inform customers that they can pay the full amount for the total order at once, and that they are allowed to double their order quantity for mobile phones and pagers. For example, a customer who ordered 10,000 units last year can order 20,000 units this year.
We'll also be giving away a laptop/desktop computer demo unit to each of you. If you like it, you can place a limited order.
Based on past sales data, the more limited the quantity, the more orders are placed.
Before the computers were in mass production, Xing Baohua didn't dare to boast that he could supply enough stock.
First, test the market with existing customers. Having a rough estimate will help him adjust production volume.
Our long-term clients are very supportive. With a year of cooperation experience, both sides have a lot of trust in each other. In particular, Xing Baohua's method of delivering goods in a slow, incremental manner has long made our clients hungry for more.
The Middle Eastern tycoons are still as extravagant as ever, and they're the fastest at handing over money.
As long as it's a product of Dami Technology, the order volume has doubled compared to last year.
The deposit has been received, and the contract will be signed soon. Since we're both exhibiting at the Southern Metropolis Daily, Xing Baohua gave the other party the address of the Baiyun Hotel.
Let's put the signing point here.
The Bank of China received a warning from the General Administration of Foreign Trade and did not dare to open an account for Xing Baohua, otherwise billions of US dollars would have ended up in the Bank of China's account.
Now everything is cheaper than Citibank.
Xing Baohua has indeed made a fortune, but this year he needs to use Citibank to cover the shortfall.
Using a Citibank account still has many advantages. When I go to the United States in a while, if I acquire a company, I won't need to allocate funds; they can be directly transferred through my Citibank account.
Over three consecutive days, more than a dozen contracts were signed, and Citibank received more than 3.7 billion US dollars.
Xing Baohua's status as a client of Citibank rose rapidly to the highest level.
The Citibank manager's time here these past few days has paid off; with this performance, he'll definitely get a raise and promotion when he returns to the bank.
Given the large volume and amount of transactions, the manager requested additional staff.
Due to underdeveloped communication, verifying accounts required manual verification.
The more people you mobilize, the more manpower you can get.
The Citibank manager glanced at Xing Baohua, who was deep in thought, from time to time, and suddenly exclaimed, recalling what he had said when he first met Xing Baohua: "I can make tens of thousands in a minute. This is not just tens of thousands! It's millions."
A senior is a senior; there's no comparison.
Xing Baohua had been constantly calling and messaging him.
Some of these were phone calls and messages given to him by the group leader or team leader.
He answered the phone at first, but then he simply turned it off.
They were all acting as persuaders, telling me not to go against the grain. This guy was already annoyed, and now he's even more annoyed by these people who are holding him back. They know nothing about the situation, yet they're just sticking their noses in.
I simply ignored it.
Privately, they renegotiated purchase contracts with long-term clients for the following year, reaching an astonishing $6.3 billion in just seven days. While it was described as a record-breaking transaction, the actual volume of goods doubled.
Have the staff organize the customer orders and identify which customers from last year haven't come yet. After screening, most of the major customers have placed orders, but there are still a dozen or so small customers who haven't come yet, and their orders are very small.
Even if they come, it will only cost around ten million US dollars.
Xing Baohua left two people behind to attend to small clients. Most of the other staff went home.
This place is not safe to stay any longer; we must leave!
With my chief secretary and junior secretary by my side, I'll first retreat back to Hong Kong.
After Xing Baohua left, many people felt that his trip had been in vain. He gained nothing and only made a complete fool of himself.
More often than not, it was schadenfreude.
Someone spread the rumor that all of Xing Baohua's old clients from last year have signed contracts. Several other clients are also looking for venues with him and are asking around for information.
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