"Actually, this is a good thing. If Jiafeng Electronics and Motorola were to fight..."
The crowd was chattering and the scene was a bit noisy. Xu Lihua spoke up: "Quiet down, everyone. I think it's worth considering the possibility of Jiafeng Electronics and Motorola going to war. But we also need to be on guard and make good market plans. Simply put, the days of making money as easily as the previous two months are basically over. We might even have to give back the money we made before."
"But we still have to do it, especially prepare for a price war with Jiafeng Electronics, and accelerate the layout of sales channels such as stores, distributors, and franchise stores."
In their minds, foreign brands like Motorola would never engage in a price war; they sell well even at a premium, so why would they engage in a price war?
The telecommunications industry has been shrouded in gloom since Jiafeng Electronics announced its entry into the market. Many companies were even preparing to follow suit, but were unable to enter due to technical barriers. Not everyone has Lu Feng's big-spending ability to spend 400 million yuan to acquire a laboratory abroad.
Li Dongsheng called Chen Weirong to discuss this matter.
"Old Li, what do you think of Jiafeng Electronics this time? I've heard some news, news from international sources." President Chen's voice on the phone was quite mysterious.
"International news? Oh dear, I can't keep up with them. I'm busy arguing with Zhu Lidong right now. I'm just wondering, how can the profit from selling pagers be so huge?" Li Dongsheng asked doubtfully, "Didn't he spend 400 million? Even if he bought up the entire domestic market, he still wouldn't make back the money!"
“I recently talked to a few senior executives at Jiafeng and I’ve figured out their business model. They don’t make money from the market, or even from policy subsidies. They make money from people in Hong Kong.” Mr. Chen said with a hint of smugness, “This is something we don’t know how to do. I recently checked some newspapers in Hong Kong, and wow, Lu Feng is doing really well there!”
"Not making money from the market?"
"That's right. According to what that executive told me, how much money do poor people have? They earn money from the rich, work hard to open factories, expand the market, and then go to Hong Kong to make up stories for those rich people to get financing!" Mr. Chen explained.
"I see. It seems we still haven't figured it out. So, what do you think is the meaning behind this pager incident? How successful or unsuccessful was it?"
"It's hard to say, but he's already offended people internationally. This time, it's Motorola that's trying to take him down. I think it's going to be tough. If he can't get money from the Hong Kong tycoons, Chia Feng Electronics will collapse immediately!"
The two men were explaining Jiafeng Electronics over the phone. Not only them, but many domestic companies wanted to understand Jiafeng Electronics' development model, but they just couldn't understand it.
However, recently some people have begun to understand how to play this game, which is to use debt financing to inflate valuation bubbles.
The Lantern Festival has passed, and the New Year is officially over. Schools have reopened, businesses are getting back on track, and Huasha Cosmetics Factory has officially transformed into a manufacturer of daily necessities, starting with laundry detergent, soap, toothpaste, and other products. Things have improved significantly since then.
After school, Duoduo walked home with two classmates, carrying her schoolbag and dangling it around as if she wanted to throw it away.
Today was the first day of school, and the teacher said there would be a parent-teacher conference, requiring both parents to attend.
It was past 7 p.m. when Jiang Xiaoyan finally got off work. With the factory doing better, she was in a much better mood. Zhang Fengxia also came back tonight. They had a plan that needed to be revised and would be finalized tomorrow.
"Hello, Aunt Fengxia!" Duoduo greeted Zhang Fengxia.
"Did your teacher hit you for not finishing your winter break homework?" Zhang Fengxia asked, sitting on the sofa and cracking sunflower seeds.
"I finished writing it, and after I went to school, I copied Huang Jian's," Duo Duo said with a smug look on her face.
"They let you copy?"
“I gave him a benefit. I’m the hygiene monitor now, and my notebooks have been selling really well lately. They’re the kind of notebooks that you can’t buy at the school store. Everyone wants to buy them, so I sold them to him cheaply.” Duoduo took out a slightly exquisite notebook from her schoolbag.
Zhang Fengxia sat there clicking her tongue, suddenly understanding the meaning of "one is influenced by one's company."
"You should focus on your studies. After summer, you'll be a big kid in second grade."
Duoduo pouted and ignored her completely. Since the end of last year, she has earned more than ten yuan of pocket money by selling notebooks, pens, erasers and pencil cases that the school store does not have.
"Mom! Mom!" Duoduo ran to the kitchen and shouted, "There's a parent-teacher conference tomorrow, and the teacher wants both Mom and Dad to go."
"A parent-teacher conference? You've gotten into trouble again?" Jiang Xiaoyan turned to look at her and asked.
"No, it's just that Mom and Dad are going." Duoduo stood there, not daring to look at her.
“In the past, I was always the one sent to parent-teacher conferences. Tell me the truth.”
Zhang Fengxia stood up and walked over, saying, "If the teacher says to go, then go. Give him a call. It's not like he's in another province. I even saw a newspaper article about him a few days ago."
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