Lu Feng stared intently at the two of them as he walked over step by step. The atmosphere at the scene was tense, and some reporters nearby were very excited.
Reporting on these kinds of science and technology conferences is usually quite boring. They're basically all about how the conference went smoothly and ended successfully. Whoever gave a speech is considered to have come all day. They'd love for Lu Feng and Jiao Enfan to fight, preferably to the point of bloodshed, so the newspapers would sell like hotcakes tomorrow.
Those who had spoken politely with Lu Feng earlier looked at him and sighed, saying that he was still young and didn't know when to bend down.
"Mr. Hong, why don't you go up and try to persuade him? Otherwise, he'll make a fool of himself."
"That's right. You're quite familiar with Vice President Chang, and President Lu is also on good terms with you. Don't make things too awkward."
"No matter what, they are elders. You have to put up with it no matter how bad it is. If you really can't stand it, just turn around and leave."
Mr. Hong waved his hands repeatedly and said, "Don't talk nonsense. I don't know Lu Feng and I'm not familiar with him."
As for President Hou and President Zhang, they quickly took a step back. Watching the show is fine, but getting involved in it is unnecessary. As businessmen, the most important thing is to be able to get along with everyone.
This is the key to getting rich: connections are money. There's no one in this group as foolish as Lu Feng.
Lu Feng sat down, took out a cigarette from his pocket, lit one, casually placed it on the table, crossed his legs, and looked at the two of them with a natural and arrogant demeanor.
The female host came over with another microphone, and just as she was about to speak, Chang Wanteng waved her away and picked up the microphone, saying, "I'll host this conversation!"
Liu Cheng squeezed through the crowd to look at the stage. Lu Feng's actions just now had broken his heart. Now there was only one way out: to buy foreign patent technology licenses, which were incredibly expensive.
Even a simple technology license package would cost at least tens of millions of US dollars. His face turned bitter, and he secretly lamented his bad luck.
"President Liu, don't worry. President Cui just said he has a solution. Not only the factory and the machines, but even the technology licensing is no problem," Su Yourong reassured her.
Liu Cheng turned around and looked around, then his gaze fell on Cui Ning. He pressed, "Are you sure? Which factory?"
“Panda! It’s not under the management of state-owned enterprises; it’s a mixed-ownership enterprise.”
After these points were mentioned, Liu Cheng understood what was going on, nodded, and felt relieved.
On stage, Chang Wanteng said, "Being able to sit with a young talent like President Lu is the last honor of my life."
"You're too kind. Just say what you want to say, don't be shy."
"Which is better, technology, industry, or trade, or trade, industry, or technology? You two argued about it for a long time before. President Lu won because of his eloquence. But no matter how good your words are, they can't change reality. You'll know the truth many years later. As far as I know, you are both returnees from overseas, right?"
"Undergraduate from Manhattan University, graduate and doctoral student at Harvard, majoring in international issues and finance, with Professor Fukuyama as my advisor." Jiao Enfan spoke with his head held high, exuding an indescribable sense of superiority.
Those present were secretly amazed when they heard about this level of education. He was truly a talent; at his age, his education was enough to make him stand out among his peers.
“I never went to university, let alone went abroad. I graduated from fifth grade. When the village head registered my household, my dad bought me a pack of cigarettes, and the education section on the documents was changed to junior high school.” Lu Feng joked, “It’s just a matter of a pack of cigarettes, but some people spend three years studying.”
The people present burst into laughter; some were amused by Lu Feng, while others were mocking him.
"Technology, industry, and trade—these three sectors are actually unrelated to the current situation. As for electronics and semiconductors, you two are both planning to make televisions. It's simply a matter of making them and selling them. The most important thing is selling them. What are your thoughts on the domestic television consumer market?"
This question is difficult to answer without certain market experience and research. Everyone present fell silent, as the general managers, engineers, and marketing managers wanted to hear different ideas.
“I have a comprehensive report on the consumption power of the mainland. This report makes a judgment based on the GDP and consumption index of each province. First of all, the southern market is the largest, and the coastal areas have strong economies and are the main markets. At present, smuggling is rampant in China. As far as I know, the price of Panasonic, Sony and Sharp products smuggled back from Japan is around 8,000 yuan.”
"There is a great demand for high-end brands in China. The price of domestic TVs is between four and six thousand yuan. What I want to do is to sweep away the smuggling market and focus my main efforts on the 21-inch and 25-inch sizes, priced at around eight to ten thousand yuan."
"To sell at such a high price, you have to do brand promotion. I have a complete set of advanced foreign technology to create a high-end brand. Sales channels can enter big cities. We can open stores wholly owned or jointly with store owners, and exchange sales volume for profits. This will motivate the sales staff."
"At the same time, international organizations have made a prediction on the domestic economic growth rate. The economic growth index is expected to be good in the next few years. Taking major cities in developed countries as an example, first-tier cities will see a rapid influx of young people, who are more accepting of new brands and have greater spending power."
"My products are only rooted in first-tier and second-tier cities. They have no value in third-tier and lower-tier cities. They can't contribute much value. At the same time, we can differentiate our products and enhance our brand image. I have done a full set of scientific simulations. Within three years, our market share in first-tier and second-tier cities will reach 50%. At the high price point of 8,000 yuan, we will be the only ones selling our products."
"Achieving a net profit of 100 million yuan within a year, going public within three years, and having a brand value exceeding 10 billion yuan are all just small things," Jiao Enfan said, putting down the microphone.
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