Before leaving, Jiang Xiaoyan still hoped that Lu Feng would go back with her, since many people in her family wanted to see him. However, Lu Feng did not want to go back; some experiences were enough to happen once.
Jiang Xiaoyan understood his predicament and did not insist. She went back alone, while Wei Yandan also successfully completed her mission and returned to the company.
Staying at home alone, watching TV, and flipping through the newspaper, the days feel somewhat lonely.
The sudden rise of Wepda is a disruptive force for domestic brands and a challenge for foreign companies. This challenge does not come entirely from Jiafeng Electronics, but from the continuous breakthroughs in domestic technology.
In the end market, the two sides are rapidly converging, and due to tariff issues, price has become a burden for foreign brands.
Foreign powerhouses like Samsung, Sony, and Sharp, as well as second-tier TV brands like Philips and Motorola, have all encountered this problem: insufficient competitiveness.
The Greater China regional heads of these brands have already reported on the situation in mainland China during the first half of the year, and submitted a strategic report.
Almost every report mentions Jiafeng Electronics. They noticed the rise of the mainland television industry last year and their original market assessment predicted that it would catch up with foreign brands within five years.
However, the emergence of Jiafeng Electronics seems to have accelerated this process.
If Lu Feng were to read these strategic reports, he would feel wronged. What was he anyway? In this magnificent era, there was so little he could shake.
Even without him, this five-year assessment is still wildly wrong. These companies look down on people, especially domestic private entrepreneurs.
Lu Feng was shaped by the times, not the other way around. He didn't have that ability, and the grand historical context was not something a businessman could or dared to shape!
These companies felt a bit nervous. They understood very well what healthy competition between companies would produce: it would accelerate their R&D capabilities and improve product quality and core technologies.
In the past month or two, many companies have been probing into Jiafeng Electronics' situation. They have two options: one is to invest in the company, expand its operations, help it produce domestically, get rid of tariffs, and increase its market competitiveness.
We not only have to compete with domestic TV manufacturers, but also with those foreign companies!
Another option is acquisition, which would involve buying the entire company to help develop the Weipuda brand. However, acquisitions come at a high price, as the other party would likely ask for an exorbitant fee.
If you keep talking about it back and forth for a year or two, the opportunity will have passed.
The best solution is to invest in the company. These companies don't want to spend too much money, so a few days ago, seven domestic and foreign financial institutions collectively did something to value Jiafeng Electronics.
When Zhang Fengxia first heard the news, she was puzzled as to why so many financial institutions were suddenly interested in Jiafeng Electronics. After all, Jiafeng Electronics was at most a well-known enterprise in the province, but it was just a company that was very active in the industry. The title it received from Huang Youwei was that of a leading enterprise in Suzhou.
A leading enterprise at the municipal level is worthless!
...
The lipstick bubble is as easy to build as it is to burst. In just two days, lipsticks have become unsaleable and have no market at all. The retail price of tens or hundreds of yuan has instantly returned to its original price.
With no sales channels whatsoever, many people denounced Huasha Cosmetics, and some even vandalized the counters, demanding refunds. The young women selling goods at the counters had never experienced anything like this before, and they left first under the protection of security guards and police.
"Call your boss right away."
"Let him handle this."
Zhao Yanran appeared extremely agitated, holding a stool leg in her hand and banging on the table, shouting, "This is a scam, this is fraud, we're calling the police too!"
"That's right, we must return it!!"
“I’ll call our boss. I’m just a salesperson, it’s no use talking to me like this.” An older woman, barely managing to stay calm, hurriedly went downstairs to the phone booth to make a call.
Lu Feng was lying on the sofa flipping through the newspaper, pondering whether the market for small home appliances or entertainment electronics was larger, when the phone rang.
"What's wrong? Are you coming back tomorrow?" Lu Feng asked as he answered the phone, assuming it was Jiang Xiaoyan.
"Boss, come quick! Our counter has been vandalized, and a lot of people are yelling for refunds. We were almost beaten up. If this continues, pay us our wages, or we're quitting."
"Then you can go home first. Tell them you won't accept returns, that's all," Lu Feng said casually. He had already anticipated this situation.
Buying is easy, and returning it is also possible. The return location is in Antarctica, so go find it.
"They're surrounded by a crowd, a bunch of security guards and police. They can't leave unless you come." The girl's voice trembled as she spoke. When she heard that Lu Feng didn't want to come, she cried out in fear. She was just out to work, what if she got hurt?
Lu Feng didn't want to get involved, but then he thought about how these people were making things difficult for the sales clerks, so he sighed and said, "Okay, I'll go over in a bit."
Half an hour later, he drove up to the cosmetics market. Before he even went upstairs, people were already whispering to him.
"His wife didn't come?"
"You don't know what's going on on the third floor. If his wife comes, she can definitely make those people eat their words."
"Yeah, that day they sold three million, and the bank sent a car to pick them up. That guy, he was so impressive!"
"Hmph, it's only been a few days, and his arrogance has already faded."
Lu Feng stopped and glanced at the group of people, then immediately shut up. He didn't want to pay them any more attention and went upstairs. The Huasha Cosmetics counter was right across from the third-floor stairwell, and it was surrounded by people in layers. Things were scattered all over the floor, including lipsticks that had been trampled and stuck to the soles of shoes.
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