It was late at night, and seven foreigners were sitting in a reception room. The leader was a bearded man in his forties or fifties with a very neatly trimmed beard, giving him the air of an old gentleman.
“He said he had handed over the specific tasks to more professional people. We’ve been here for almost three days and there’s been no progress. I feel that this Mr. Jiang is not very sincere.”
"I think so too. They keep making excuses, but the local government is very sincere. I don't know what they're thinking."
"Such a large investment is something only we can afford. I just called a consulting firm, and they told me they didn't know the reason behind it, which is really infuriating."
"They were so unprofessional and so dismissive of us. I can't understand it. Could it be that someone locally is offering more funding? Or is the local municipality planning to cover the costs themselves?"
The group discussed the possibilities animatedly. They were unfamiliar with the business environment in mainland China, and apart from Smith, who had visited once before, the others were here for the first time.
They rarely went out during this period, feeling fearful of everything here, especially after hearing about things in the media; safety was their top priority.
“Since he’s delegated it to someone else, we’ll find out tomorrow during the negotiations. Get some rest.” Smith stood up and left the reception room.
The others could only go back to their rooms.
The next morning, Lu Feng called Su Yourong, and this time she answered.
"Who is it?" The voice on the other end of the phone sounded sleepy.
"I am Lu Feng. The company is currently being registered and should be done in a few days. How is yours going?" Lu Feng asked.
"It's in progress; we've already contacted several banks to discuss equity pledge."
Just as Su Yourong was about to continue speaking, the door was pushed open, and President Chen walked in wearing a bathrobe, asking, "Who were you calling so early in the morning?"
"I've been quite busy lately, researching investment directions at the company," Su Yourong said with a smile as she turned around.
"Don't bother with anything today. I'm taking a break and staying home. I'll take a shower first," Mr. Chen said, starting to unbutton his bathrobe.
"Okay, I'll go with you." Su Yourong said into the phone, "We'll discuss the investment in person later, I'll hang up now."
After hanging up the phone, she climbed out of bed, walked to Mr. Chen's side, and gently helped him take off his bathrobe. The two walked towards the bathroom, whispering teasing words from time to time.
Lu Feng was stunned by the dial tone on the phone and lay there on the bed for a long time, unable to come to his senses. He could only sigh that Su Yourong was a person with no bottom line and who would stop at nothing.
If it were Lu Feng, he would never do it; some disgusting things cross the line.
After getting up and tidying up briefly, having breakfast, and talking to Feng Zhiyao for a while, Lu Feng changed his clothes. It was already nine o'clock when he went to the conference room under the guidance of the waiter.
Within minutes, the conference room door opened, and seven blond, blue-eyed foreigners filed in. Lu Feng stood up, stepped forward, and extended his hand, saying, "Welcome. I am the representative of Mr. Jiang Wanmeng, the director of the Modern Television Research Institute. This is my translator. I believe we can achieve good results today."
Feng Zhiyao stood to the side and translated a whole bunch of stuff in a very broken English voice.
Smith was talking to Lu Feng in a language that Lu Feng could understand, but he needed an intermediary like Feng Zhiyao.
"They said they never expected Mr. Lu to be so young and accomplished. They are very willing to promote cooperation and accelerate construction and production. He had visited China in his early years and was amazed by our development. It was all thanks to the outstanding contributions of ambitious young people like Mr. Lu."
Feng Zhiyao felt disgusted after translating it, muttering to himself, "Where did he get the idea that you're an ambitious young person with outstanding contributions?"
Lu Feng glanced at him, and Feng Zhiyao shut up.
The two sides exchanged a lot of pleasantries, mentioning the long journey and the magnificent landscape of China, before finally sitting down after about ten minutes.
“We had a very pleasant discussion with Mr. Jiang before. We will invest 17 million US dollars, which includes patent rights, production facilities, company name, and sales channels. We will hold 70% of the company's equity, and the remaining 30% will be controlled by the management team. We will also send a team to supervise the company's management and operations…”
The other person talked for a while, basically repeating everything Jiang Wanmeng had said. Lu Feng looked through the folder in front of him, his face darkening.
"Shut him up. Just say I've seen it," Lu Feng said in a deep voice.
After Feng Zhiyao finished translating, the room fell silent. Lu Feng had a very good grasp of the atmosphere and the pace of the negotiation. He said with a calm face, "We do not accept this proposal. You say you are venture capital, but according to various data, your risk is not that great. Our market is very broad, with great consumption potential and a long duration. In the long run, your investment and return are too disproportionate."
"To put it simply, you can achieve great things with a small investment. I have two options for you. First, you can increase your investment to at least 50 million US dollars. Even with such a large investment, you can break even in five to eight years at most, or as early as three years."
"In this way, Mr. Jiang's 30% stake is commensurate with his contribution."
"In the second option, the investment amount remains the same. You will hold 30% of the shares, and we will hold 70%. The patent rights will be granted for ten years. At the same time, you will not have any power over equity dilution, board voting, or company development. You will receive dividends every year."
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