Mr. Yan's face changed, turning pale and then red, creating an extremely awkward situation. His two assistants couldn't bear to watch any longer.
"Who are you? How do you know so much? Which company's chairman are you? How much are you worth?"
"I'm afraid that even if you study a lot, you'll still end up working for someone else."
"Exactly, someone like you, Jiafeng Electronics wouldn't even hire you, you're just a poor wretch."
The two of them spoke in unison, displaying the mean and callous nature of the wealthy to the fullest extent. The people around them couldn't bear to watch any longer, but they still endured it.
"What business is it of yours which company I work for?" Lu Feng stared at the three of them and asked, "You say you're the chairman of Jiafeng Electronics, what proof do you have?"
"What's it to you?"
"I'm warning you this time, don't cause trouble, or I'll make you regret it with one phone call."
"Stay away from President Lu, understand?"
The two assistants next to them started pushing and shoving, and the three of them were already losing their confidence.
Lu Feng took a step back and found himself surrounded by two or three security personnel, with Huang Youwei behind him. It was unclear whether they were there to protect Lu Feng or Huang Youwei.
Security personnel stopped the two from shoving each other.
"What's wrong with you guys?" Lu Feng looked at them with a half-smile and said, "Is President Lu so powerful that he can solve all personnel issues with one phone call? One phone call and he can bankrupt a company and make me suffer? I'm just wondering, who did you call?"
"Shut up, you hear me?" The assistant was already annoyed and held up a finger to scold, "Let me tell you, if you don't want trouble, get the hell out of here. In Suzhou's business world, President Lu is like the King of Hell."
Lu Feng couldn't help but laugh when he heard his analogy.
"Mr. Lu, since you're reluctant to talk about the future market, let's talk about the past. Wepuda's technology comes from Panda's license, and we don't have any advantage in market procurement compared to these established state-owned enterprises. So how did we end up selling to this extent today?" Lu Feng asked.
This question can be said to have expressed the thoughts of everyone present. Everyone was curious: if Weipuda could do it, and other companies could do it too, why was it the only one that succeeded?
In an instant, all eyes were on President Yan. As the helmsman of Jiafeng Electronics, he certainly understood this very well!
Mr. Yan froze on the spot, his mind filled with only one thought: Why? Why?
"Mr. Lu, you didn't know this, did you?"
"That's right, this is a company you personally managed. You planned all of this, how could you not know about it?"
Those present looked at President Yan with more suspicion. If it was because he didn't know the future prospects of the industry, it could be understood as him being afraid of being found out by other companies in the same industry. But the fact that he stood there helplessly talking about the rise of Jiafeng Electronics was very suspicious.
"I...I need to go to the restroom!" Fine beads of sweat had already appeared on President Yan's forehead.
"Don't rush, it won't take long." Lu Feng looked at him and said, "If you can't explain it, how about I help you?"
"Since you want to show off, then say it. Everyone, please make way, I need to go to the restroom. The meeting is about to begin, please take your seats."
Two assistants escorted President Yan out, but the crowd wouldn't budge.
"Don't go, listen to the rest before you leave." Lu Feng looked at them as they were turned back and said in a deep voice, "Jiafeng Electronics has similar technology, market share, and pricing to many state-owned enterprises. Why has it been able to break through? It's mainly due to its market positioning. Weipuda has targeted the lowest level of the market, the rural market!"
“There is huge potential for development in the low-end market, but because domestic companies have been unwilling to lower prices, Wepuda has indeed been losing money. At its worst, it lost more than 200 yuan per unit sold. We gritted our teeth and fought a price war in the market. The low-price strategy is really not going to work in big cities because people believe that you get what you pay for.”
"But in the grassroots market, what they want is stability. They want a TV to watch, and when they get married, they need a big color TV in their home. Such simple requirements!"
"Weipuda's rise is simply because it has won over a group of people who were disliked and looked down upon by the market. Selling at a loss is not a sustainable business model. However, with the sharp drop in raw material prices, Jiafeng Electronics has now achieved profitability."
"What is business? Business is about supply and demand. Where there is demand, there is business opportunity. Target a specific group of people and focus on their needs, and you will succeed!"
These words were met with applause, and many people looked at Lu Feng, wondering who this young man was.
Judging from his demeanor and speech, he doesn't seem like an ordinary person.
"Are you done talking?" President Yan looked at Lu Feng and said, "Then I'm going to the restroom."
The security personnel next to him were still blocking him.
"You've been saying that the chairman of Jiafeng Electronics is very powerful, that he can do this and that with just one phone call. Now I'm telling you, I can make you lose everything and send you to jail with just one sentence!" Lu Feng said to him with a hint of mockery.
"What are you pretending for? Who are you? Come on, show me. Threatening the chairman of Jiafeng Electronics, are you tired of living?" the assistant next to him shouted, sounding fierce but actually weak.
"After all that babbling, why don't you just say your company name and your name!"
"Say it, damn it, I'll kill you!"
Lu Feng stared at President Yan and smiled slightly, then said in a low voice, "Jiafeng Electronics! Lu Feng!"
The sound wasn't loud, but it was like a thunderclap to the ears of Mr. Yan and his two companions. They were instantly jolted awake, and Mr. Yan felt a warm current flowing down his thigh.
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