“If Japan can set up R&D centers, they can set up centers; if they can use connections, they can use connections. Our people shouldn’t interfere too much. It’s the same in any country. They are xenophobic. If they see a foreigner pointing fingers, they will definitely feel uncomfortable.”
"In terms of technology, find a clever and capable local over there, pay him enough money, and have him do the job. Give him a high position, like regional president of a research and development branch. Titles aren't worth much, just keep praising him!"
"In terms of regulation, decentralization is certain, but we can't just wash our hands of it, otherwise it will easily breed corruption. We are outsiders, and if they collude with locals to cheat us, there's nothing we can do. So we need to adopt a multi-team competition model."
“We’ve set up regional R&D centers in places like Europe, the US, Japan, and South Korea. These are places to learn. Less developed places like India and Africa will be overseas markets and places to make money. Our current predicament lies in technology.”
Lu Feng looked at Liu Cheng solemnly and said, "Domestically, we are a second-tier brand. If we work hard and improve our product strength, it will be only a matter of time before we become a first-tier brand. But internationally, it's not a matter of working hard. Now we have to learn to be subservient, spend money on others, and try every means to learn from them."
Liu Cheng nodded in agreement, saying, "I understand. I've been traveling abroad quite a bit this year."
"Liu Cheng, the R&D company is the heart of Jiafeng Electronics. Next year, the budget for the R&D company will be even higher. Not having money is not scary. What I'm best at is making money. To put it bluntly, if I were just running a company that makes money, raising the market value, and then fooling some idiot to sell it, I would definitely be in the top five among the richest people in China right now!"
Liu Cheng laughed and said, "President Lu, you're too kind. I've always felt that you're good at this. If you were to build a company and increase its market value in a year, you say it's worth 100 million? I feel like you could convince someone to buy it for 200 million. Forget about being in the top five, you'd be the richest person!"
“But what’s the point? You start one company and sell it, and in the end you only have money left. When all you have left is money, you’ll realize that money isn’t everything.” Lu Feng said to Liu Cheng, “The R&D company was short of money, so I went out to make money. I made VCDs and started media companies, all to make money.”
“If all else fails, we’ll do something else to make money. My hope for the R&D company is to become a world-class R&D group, hold top global technology patents, and achieve technological self-sufficiency in the electronics field, including integrated circuits, computing chips, materials, information technology, and other related fields,” Lu Feng said, expressing his thoughts.
Liu Cheng's pupils dilated. He knew that Lu Feng had a big appetite, but research and development in so many fields was something he couldn't even imagine.
"How much money will this require?" Liu Cheng was somewhat shocked.
"I'll invest whatever amount is needed. I can make Jiafeng Electronics withstand losses for ten years, or even longer. If external financing is unavailable, I'll apply for government subsidies. I have plenty of options!"
Liu Cheng took a deep breath and looked at Lu Feng, saying, "I will definitely live up to your expectations!"
"We should also hurry up with the replacement of Jinbao VCD. We need to complete the replacement before the pirate army attacks again and consolidate our market share," Lu Feng instructed.
The two chatted for a long time. Afterwards, Lu Feng checked the R&D progress and exchanged pleasantries with the dozen or so newly joined engineers.
Tomorrow I will attend the first banquet, a gathering of material suppliers in the industry. Perhaps because someone like Lu Feng, who rarely appears in public, is coming, this gathering is particularly attractive.
Jiang Xiaoyan didn't go; she just told Lu Feng to drink less. She contacted a nanny herself, a woman in her forties whom she met while recruiting.
I heard he was also a poor man, but he was very efficient at his work. Jiang Xiaoyan has always been like that, and she tends to sympathize with the weak.
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