The news that Enfan High-Tech was insolvent shocked the entire industry. This fierce battle had only been going on for eight days, and one company had already fallen.
Many people are unwilling to believe this outcome: two young people, one a country bumpkin from a small town, the other an elite who returned from studying abroad, and the elite fell first.
The question of whether people are peasants or elites has sparked debate among many people, both privately and in the media. The language used by each side has become increasingly scathing, and even some public intellectuals have jumped in to defend them.
An elite returning from the US was defeated by a country bumpkin. We should reflect on the current state of the domestic market and whether it is truly free.
Overly relying on overseas returnee status without focusing on actual ability is just empty talk. Jiao Enfan and Lu Feng had a very interesting debate back then. Looking back now, Lu Feng had already seen his failure. He was just an arrogant rooster who thought he was a phoenix.
Southern Daily: Thirty million US dollars burned through eight months. Returnees need to understand the domestic market situation, instead of blindly forcing the market to comply with their own thinking.
Economic Observation: Enfan High-Tech is already insolvent, but is Jiafeng Electronics really without any problems? It is understood that it has long been insolvent, but there is some kind of force behind it.
...............
The news came in like snowflakes. Jiao Enfan hadn't slept for two days. Two months ago, he realized that there was a problem with the market positioning and that it would be difficult to increase sales.
At that time, he pinned his hopes on people like President Li. If he could get rid of Lu Feng, he could survive, or at least have time to sell off this mess.
However, that opportunity has passed.
There was a large pile of newspapers on the table. He read through all the newspapers about him and Lu Feng. Jiao Enfan was unwilling to accept this. He couldn't understand how he could have such resources, such as the circles he was in, and such family assistance. He had everything going for him.
They actually lost!
"Mr. Jiao, I've settled my wages, so... I'll be going now!" the general manager said as he walked in.
Jiao Enfan waved his hand angrily, cursed "Get lost," picked up the newspaper in his hand, glanced at it, and finally dialed Lu Feng's office number on the landline next to him.
"Who is this?" Lu Feng answered the phone.
"It's me!" The voice on the other end of the phone was extremely dejected, but you could hear the deep resentment hidden in its throat.
Lu Feng looked up at the voice, thought for a moment, and asked, "Jiao Enfan?"
"You actually recognized me? Looks like I'm important to you." Jiao Enfan found a bit of comfort.
"Your voice is quite magnetic. Aren't you busy with bankruptcy liquidation? What brings you to call me?" Lu Feng asked, flipping through the reports in his hand. "What? Want me to comfort you? Let's grab a drink? I'm too busy right now, I don't have time!"
Jiao Enfan didn't expect Lu Feng to be like this. He thought Lu Feng would be very smug at this moment and then laugh at him mercilessly!
"You must be feeling pretty smug right now, right?" Jiao Enfan sneered. "You've finally taken down your biggest rival."
"The biggest competitor?" Lu Feng frowned, his face full of question marks, and asked, "You're not my competitor either. Putting aside the fact that our market positioning is different, your monthly sales of tens of thousands of units are not in the same league. Because we are about the same age, some people in the industry compare us, but it has nothing to do with competition. If I were to really compete, your company would have gone bankrupt long ago."
These words were a devastating blow to Jiao Enfan!
He always regarded Lu Feng as his biggest rival and wished he could kill him, but the other party didn't care at all.
What could be more humiliating than this?
Jiao Enfan gripped the phone handle so tightly it cracked, his face had turned a deep purplish-red, and the veins on his neck were bulging, making him look like he wanted to devour someone.
“You’re not far from bankruptcy, are you? As far as I know, you’re covered in debt!” Jiao Enfan said through gritted teeth, “It’s just that the banks haven’t pressed you yet.”
"You don't need to worry about that. Do you know why you went bankrupt?" Lu Feng closed the report in his hand. He knew very well that the other party was not convinced.
"Because of trash like you, the market is being driven to its lowest point!"
"No, it was your arrogance that defeated you. I got a document about your factory. You were completely following American standards, which made labor costs too high, and the workers didn't do much work, resulting in excessive costs. Secondly, you always thought you were very high-end, didn't you?"
"Even something as practical as a television set has to be given a touch of ostentation. Do you know what luxury goods mean? Luxury goods are things that are meant to be ostentatious. They refer to the psychological needs that people crave after satisfying their physiological needs, and to establish their social class and status."
"Your model would definitely work in the US, where there are many middle-class people with strong purchasing power. You just glanced at it and copied it blindly. How many people in China can afford this level of product? Have you done any research?"
Jiao Enfan took a deep breath and said, "I don't need you to lecture me. I was just unlucky."
"It's really not that. You just lack ability, yet you think you're some kind of god descended from heaven. You look down on everyone. You want to do business in China, but you despise these country bumpkins. Get out of here; there's no place for arrogant talents like you." Lu Feng said irritably, "Do you know why I haven't considered you a rival? You're not worthy!"
"You win. You're right about everything. Now you're telling the truth?"
"I don't know what to say to someone like you. If you can't let go of this arrogant attitude, you'll never succeed in this life. I'm not going to say any more to you; I have other things to do." Lu Feng hung up the phone after saying that.
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