Two hours later, as the plane landed, Lu Feng saw this city with a rich history. At present, it is not an important city, and its infrastructure is also average.
We need to wait more than 20 years for this place to become a new hub for technology.
Mr. Jiang has been quite busy these past few days and really didn't have time to pick him up. He has a lot of students working under him. In the end, Lu Feng got an address and took a taxi there himself.
On the way there, Lu Feng chatted with his master. Since Mandarin is not very common now and he couldn't understand the local dialects, Lu Feng exchanged a few words and then stopped talking.
"You're betting everything on VCDs, which is unwise from a business investment risk perspective," Feng Zhiyao seemed to want to express his opinion.
"Don't give me your nonsense. A foreign student already told me this, so you don't need to repeat it. I can confirm that VCDs are the breakout point this year," Lu Feng said in a deep voice.
"But this surge takes time. I've studied product growth curves; there's no such thing as a straight upward jump. It's a gradual climb that takes time. The total time is... is..."
"3.7 years old, didn't you pay attention in class?" Lu Feng glanced at him.
"How did you know?" Feng Zhiyao asked in surprise.
"I heard it from someone else. I'll take a nap and not talk anymore." Lu Feng yawned, leaned back in his seat, and remained silent.
Based on the sales figures of the previous generation, VCD sales reached 1.4 million units in the first year, while home theater sales reached over 1.6 million units and LD players reached 1 million units in the current year.
There is definitely consumer potential in China. The starting price for even the cheapest VCR players is three thousand yuan, and some even cost tens of thousands of yuan. For an average person with a monthly salary of two or three hundred yuan, the fact that such an expensive product, which is not even a necessity, can sell millions of units shows how much money people have.
Everyone's experiences are different, and their perspectives on this era are also different. There's a saying that what you see is what you get. In Lu Feng's memory, the 1990s were a time of poverty. People wore plastic sandals that cost five yuan a pair, and twenty yuan could buy a very nice coat. But Lu Feng is now telling him that not everyone is like that.
If we follow the sales figures from the previous generation, the profits generated from sales of over one million units would not be enough to support Jiafeng Electronics. There were two key factors contributing to the low sales volume at the time: limited sales channels and high prices.
Initially, a DVD player could sell for five thousand yuan, and in some places, it was so popular that it sold for around eight thousand yuan, becoming a luxury item. However, the hot market attracted piracy.
In his previous life, Jiang Wanmeng's Wanyan Company, which he founded, saw its market share of VCDs fall below three percent from 1993 to 1996, after years of research and development.
High prices create profit margins for piracy and assembly. Lu Feng had learned about this case in a business class in his previous life: the loss of patent rights and market share, and the collapse of the commercial market triggered by an engineer.
"We're here!" the driver called out.
Lu Feng opened his eyes as if waking from a dream. Looking at the hotel next to him, he took out some money from his pocket, handed it to the driver, and said, "Keep the change."
"Wait!" the driver called out after getting out of the car.
"No need to look anymore." Lu Feng waved his hand, carrying his suitcase.
"No, we don't have enough money."
Lu Feng patted his pocket again. He originally wanted to take out ten yuan to show off his generosity, but he took out one yuan instead. He hurriedly handed the money over and said, "Keep the change."
At the hotel, General Manager Jiang had already booked a room. Lu Feng simply told him the room number and went upstairs. In the elevator, Lu Feng looked at Feng Zhiyao and said, "During this time, don't say anything when other people are around, understand?"
"Why can't I speak?" Feng Zhiyao asked, somewhat indignant.
"Either you listen to me, or you leave now. Also, I said you are who you are, and you must cooperate, understand?" Lu Feng said, looking at him.
"Didn't you say you were here to help your brother?" Feng Zhiyao asked, puzzled.
"yes!"
Why?
"Why so many questions? You're like a million questions! Just remember one thing: listen to me." Lu Feng patted him on the shoulder, the elevator doors opened, and the two stepped out.
After entering the room and putting his things down, Lu Feng picked up the room phone and called President Jiang.
"President Jiang, I've brought my men, and they've already checked into the hotel."
"Thank you for your hard work. I'm really too busy. I'll be right there. I've booked a restaurant; it's the best in town. Let's have dinner together tonight," Mr. Jiang said politely.
"It's alright, you go ahead and do your thing. I'm fine with this. There's nothing to complain about. Let's not dwell on that. You go ahead and do your thing!" Lu Feng said politely.
"I'm all done with work, I'll be there in a bit. Shall we have afternoon tea, or coffee?"
"Either is fine, the guest can do as the host says."
After exchanging a few more words, Lu Feng put down the phone. He trusted himself completely, but was worried that Feng Zhiyao might cause trouble. He went to the next room and gave him a few more words of reassurance.
Half an hour later, President Jiang hurriedly went upstairs and knocked on Lu Feng's door.
The door opened, and Lu Feng looked at the person in front of him. He looked much more haggard than before, and he hadn't shaved. It was clear that he was very busy.
"Come in, come in." Lu Feng teased him, "President Jiang is becoming more and more manly. I'll call over some powerful figures for you."
Lu Feng knocked on Feng Zhiyao's door and said politely, "Mr. Feng, Mr. Jiang is here and would like to see you."
Feng Zhiyao opened the door and saw Lu Feng's astonished face.
Lu Feng forced a smile at him, but there was a threat in his eyes, and said, "President Feng, please!"
Feng Zhiyao was still in a daze when he was ushered to the next room. When President Jiang saw that only one person had come, he was also taken aback and looked at Lu Feng to ask, "Where is the team?"
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