While eating, Lu Feng flipped through all the newspapers. They were basically divided into three groups. One group was xenophobic, afraid that Lu Feng would offend these companies and be perceived by foreign companies as difficult to cooperate with, as all electronics companies in mainland China were like this.
They hurled insults at Jiafeng Electronics like mad dogs, accusing it of tarnishing the reputation of the domestic electronics industry internationally, and calling it an exorbitant asking price, claiming that 1 billion was already the ceiling.
The second category is dissatisfaction, not fear, but the belief that it will damage the international electronic research and development cooperation environment. After all, we are learning from others now, and students should act like students.
The third type is the angry young people, who strongly support Lu Feng and believe that foreigners are nothing special. They think that we should criticize them as much as we want, and that the world will keep turning no matter who leaves us. They believe that one day our technology will surpass theirs.
After reading more than a dozen newspaper articles, Lu Feng saw the divisions among people in this era, witnessing the myriad aspects of human nature, and how different choices would create different paths in life and business.
The phone on his desk rang, and Lu Feng answered it, saying, "What is it?"
"Mr. Lu, this is the business department. We just received calls from two potential partners who said they don't want to cooperate with companies like ours. It's related to what's been going on outside. They said we lack an international perspective and have no future."
What type of partner are you referring to?
"One is a supplier of plastic casings, and the other is a supplier of integrated circuit motherboard materials."
"Then let's not cooperate. Do you have alternative suppliers?"
"Yes, there are plenty!"
"Okay!" Lu Feng said and hung up the phone.
People with different values cannot work together. To break off cooperation over such a small matter, and just to cater to some public opinion, Lu Feng granted his request.
Two reorganization meetings were held this morning. We received a constant stream of phone calls from outsiders, some from friends, but most from reporters. The Commercial Department had no choice but to step forward and explain the situation.
However, people kept calling, telling Lu Feng to get out, claiming that he had offended foreign investors and damaged the interests of the entire industry.
As soon as the meeting was adjourned, Lu Feng stood up and walked out, where the head of the business department was already waiting.
"President Lu!"
"What's wrong? Someone else wants to terminate the contract? As long as there's a suitable partner, terminate it!" Lu Feng said in a deep voice.
"No, many CEOs and executives are cursing you. Our phones have been ringing non-stop all morning. Rumors are spreading everywhere that you rejected three companies, causing foreign companies to cut off all cooperation in technology. They're saying you're a sinner for all time because they're not doing any technical exchanges and are just waiting to buy your company with money!"
"A sinner for all time?" Lu Feng stopped and said, "What kind of brain-dead person would believe such a thing? Acquire all domestic electronics companies? Is the State-owned Assets Supervision and Administration Commission just sitting around doing nothing?"
"We've offended a lot of people, haven't we?" The head of the commerce department said awkwardly, "No one is speaking up for us, the media is fanning the flames, and it's already getting aggressive, stirring up public anger."
Lu Feng was all too familiar with this tactic: if you don't cooperate, they'll ruin your reputation. Outsiders don't know what's going on in the industry. If an ordinary person heard that technical exchanges with foreign companies were cut off because of Lu Feng, they would probably spit on him and call him a scoundrel.
"I'll contact a few newspapers and write a letter when I get back. We'll publish it then," Lu Feng said, heading towards his office.
Despite the uproar today, the management of Jiafeng Electronics didn't react much. They've seen many storms and are no longer bothered by it. They're not as panicked as before; instead, they're all focused on the reorganization.
Lu Feng sat at his desk, took out paper and pen and placed them on the table. At this moment, he was filled with emotion. He took a deep breath and wrote: A letter to every colleague in the electronics industry.
Last night's events have been exploited by malicious individuals. Today, I received numerous phone calls, many of which contained insults, claiming that I have harmed the interests of the entire industry.
These rumors should be put to rest. Jiafeng Electronics can only speak for itself; this is just an ordinary case of a failed acquisition.
Since its inception, Jiafeng Electronics has suffered countless slanders, too many for me to count. We are a purely private enterprise, simply business people.
Why is it so difficult? Whose interests are ultimately harmed?
Some people even accused me of being too assertive in speaking to foreign representatives. This person is so weak-willed that he should take some calcium supplements. We must admit that foreign companies are stronger than us in terms of technology and quality, because that is a fact.
But this is absolutely no excuse for us to stagnate or be timid. Some people are terrified of foreign investment, acting arrogantly and domineeringly in front of their own people, but like lapdogs in front of foreign investors. It's disgusting. They can exaggerate the brilliance of anything they touch with a bit of "foreignness," their fawning words overflowing, as if they want to grovel on the ground and worship!
Whether Jiafeng Electronics sells or not is our choice, and our choice is not to sell!
Many friends have also called to analyze the pros and cons with me. As a businessman, I should prioritize money. Selling the company now is the best time to realize my profits.
However, seeing the state of the electronics industry is heartbreaking. We must strive to improve ourselves, and every person in the electronics industry should take responsibility. Jiafeng Electronics has achieved remarkable results in less than a year since its establishment.
We successfully drove down the price of televisions, bringing Weipuda into every household, which was hated by our competitors, especially those counterfeit factories, assembly plants, and smuggling gangs that were driven out of business by low prices.
Jiafeng Electronics will not be sold; it will only become stronger. We are currently undergoing internal restructuring, and Jiafeng Electronics, which will complete the restructuring by the end of the year, will be better adapted to the new corporate strategy.
I sincerely hope that all people in the electronics industry can remain humble yet assertive, earnestly learn from the strengths of foreign brands, acknowledge any gaps, but never bow down and act like dogs.
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