It took Lu Feng a long time to finally get rid of her. As Su Yourong was leaving, she stood at the door, looking rather annoyed, and said to Lu Feng, "Don't bother with fundraising after the New Year."
"Does United Capital rely on this for financing?" Lu Feng asked irritably.
"You'll have to rely on this to get financing from me!" Su Yourong snorted and went back to her room with a hint of arrogance.
On February 4th, with only three days left until the Lunar New Year, Jiang Xiaoyan took Duoduo back to her hometown. The Jiang family home was surrounded by a huge crowd, not only relatives and friends, but also most of the villagers.
The eldest sister who used to work tirelessly in the family has now become the pride of the whole family. Amidst the crackling of firecrackers, Jiang Xiaoyan's car drove in, and she got out to exchange pleasantries with everyone.
The Tianjin factory is set to open next year and will need a large number of workers. Anyone with even a slight connection can ask Jiang Xiaoyan for help, and she will agree to go to work in Tianjin after the New Year.
Two days later, people from the county and city came, hoping that Jiang Xiaoyan would open a small factory here to boost employment. The two sides talked for a long time, but there was no substantial progress, except to make the Jiang family look good.
This year was undoubtedly the most glorious year in the Jiang family's life. People came to visit every day, and everyone in the surrounding area knew that the Jiang family's daughter was no ordinary person.
Duoduo became the queen of the village children. No one dared to mess with her. Plus, she had money in her pocket and would often treat everyone to shopping at the convenience store, giving the village children their first taste of what it meant to be rich.
Su Yourong had Lu Feng's parents completely charmed. Apart from nagging a few times to get Lu Feng married soon, everything was fine between them.
After all, Shenzhen, this modern city, is too big for them, and everything seems so new and exciting. Under Su Yourong's sweet words, they don't have much time to pay attention to Lu Feng.
Before we knew it, it was New Year's Eve. As usual, we set off firecrackers, ate our New Year's Eve dinner, and started watching the Spring Festival Gala. When Huang Hong's skit "Shoe Nails" was performed, in which Gong Hanlin wore a pair of leather shoes that cost a thousand yuan, the two elders were dumbfounded and could not believe that there were such expensive shoes.
“A pair of leather shoes that cost a thousand yuan isn’t that expensive. There are even five thousand yuan ones.” Su Yourong looked at Lu Feng’s leather shoes by the door and said, “Lu Feng’s shoes cost more than ten thousand yuan.”
The two elders were so shocked they were speechless.
The three sat there chatting about prices. Lu Feng saw the tremendous changes of the times in this skit. The gathering place for shoe vendors was being taken over by the car city. Commercial development was from the top down, and ordinary people at the bottom had already gained a great understanding of commerce.
This indicates that this round of transformation and upgrading has matured. Just like in later generations, when even remote mountain villages know about the popularity of consumer goods, software, and entertainment, it means that these things have reached the peak of expansion, and what follows is decline.
A few years ago, Lu Feng asked Jiafeng Group to deliver color TVs to rural towns. At that time, Jiafeng's series of innovations, such as door-to-door delivery and seven-day replacement guarantee, were eye-catching innovations. Now, the color TV market in rural towns is already a red ocean.
In fact, after 1997, the domestic consumer market became more mature, and there were not many new and exciting things in the following years. Most of the time, the focus was on price wars. It wasn't until the emergence of new consumer points such as the Internet and PHS (Personal Handyphone System) that we found the door to another era.
Strictly speaking, there was a full six or seven years in between, which was a vacuum period in the consumer market.
As the theme song "Unforgettable Tonight" played amidst the explosions of fireworks, another year has passed, and the Year of the Ox has arrived.
On the first day of the Lunar New Year, Lu Feng extended New Year's greetings to many people, including Prince Maha, Sean, the president of Nokia, university presidents, and other officials. Su Yourong took her parents to Hongfa Temple to burn incense, while Lu Feng had some free time.
The New Year is over, and Lu Feng's phone is ringing off the hook again. The R&D company needs a larger budget for the new year. The chip factory's production volume isn't even enough to cover the employees' salaries. Before the New Year, Lu Feng had Liu Cheng estimate that if the chip factory and all its supporting factories were fully operational this year...
In addition to the R&D budget, at least five hundred million US dollars are needed. The extra five hundred million dollars that the group previously allocated was used by Liu Cheng to order a batch of experimental equipment. At the same time, the wafer fab also needs to order a batch of equipment. This type of equipment can be purchased, but the price sold to domestic manufacturers is more than twice that of other international manufacturers.
The single crystal furnace, vapor phase epitaxy furnace, and oxidation furnace in the factory were purchased from Baosteel. The problem is that the equipment is not precise enough, and we want to replace it with better equipment.
Personnel is also a problem. For a research and development company to become a semiconductor enterprise, it needs highly educated personnel. Nowadays, top-tier universities in China are competing with other companies for talent. The salary of an intern will not be less than three thousand yuan. In the environment of 1997, this salary was definitely not something that ordinary companies could afford.
All things considered, 500 million isn't much!
On the tenth day of the first lunar month, the two elders felt that Lu Feng and Su Yourong might not be able to stay together because of their presence, so they suggested leaving. Lu Feng told them to stay until the fifteenth day of the first lunar month.
Around 9 p.m., Lu Feng was sitting in his study organizing some documents when Su Yourong opened the door and said, "I have to go back tomorrow."
“That’s good. Go back and prepare early. There’s something I’ve been wanting to ask you: what do you think the current valuation of a research and development company should be?” Lu Feng asked.
"How many do you want?" Su Yourong asked in return.
"I want 10 billion!" Lu Feng said with a smile.
"Don't dream about a valuation of tens of billions of dollars. Do you really think this is Jiafeng Group? Besides, I still don't understand how you got Schroders to accept a valuation of tens of billions of dollars," Su Yourong asked curiously.
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