Lu Feng released his grip upon hearing this and addressed the crowd, saying, "Let me introduce you. This is Mr. M. Du, the General Manager of the Marketing Department of the telecommunications company, and this is Steve Kevin, the Senior Executive President of International Markets!"
After exchanging pleasantries, they sat down and Lu Feng ordered a few more dishes. The waiter brought a wine glass and poured him a glass of red wine. Each person had a waiter standing behind them, providing one-on-one service.
Ericsson's Cai Tianlun was the most prestigious among them, and he was the one who orchestrated this meeting. He first had a drink with Lu Feng and then said, "Since Mr. Lu is here, let's revisit some things. We just discussed the telecommunications market in mainland China for the next few years. Currently, the market share of GS/M mobile terminal calling devices is less than one percent. We believe this sector has great potential. In ten years, with economic development and improved living standards, we believe the market share could reach five percent. In most countries, five percent would be an untapped market, but it's different here. We have 1.2 billion people. Even if the population doesn't increase, five percent is sixty million people."
Those present nodded in agreement upon hearing this figure. The enormous market potential of 60 million was an incremental market that no international company dared to ignore, far more worthwhile than investing in some small countries.
"The problem now is, how do we allocate such a large incremental market in the future?" Cai Tianlun looked around at everyone and said, "Motorola is too strong. It is not only strong in mainland China, but also very powerful all over the world. There is a saying that everything is born when a whale falls. Only when this whale dies can others have a way to survive."
"I'll say it again!" Fukuda said in English with a Japanese accent: "In terms of pagers, Toshiba has the technology, but it can't open up the market. In the mobile phone field, we will increase our R&D investment this year. Therefore, I think Ericsson, Nokia and other strong companies should apply for network access this year, and we will focus on cracking down on their mobile phone business."
The people present were talking all at once; they had all come from all corners of the world, and they all had only one goal: to take over Motorola's market share.
Lu Feng could foresee that once Motorola was gradually swallowed up, it would be impossible for everyone present to sit at the same table to eat again.
Each person present represents a large international technology company. Jiafeng Electronics, the company behind Lu Feng, is not the weakest. Being able to get a ticket to this dinner table represents a certain strength. This is also why Kevin invited Lu Feng to come. Get on the table first, no matter how bad your hand is!
Elmi sat there rarely speaking, listening to how much money the company behind them would invest in research and development, marketing, and other aspects. The beautiful woman could only smile wryly in resignation.
That's right, Nokia is the smallest company on this table. It's a Finnish company founded in 1865. It started as a logging and paper company, but after a century of development, it has become a large global conglomerate with businesses spanning electronics research and development, semiconductors, chemicals, rubber, pharmaceuticals, natural gas, and even the military.
However, even the largest companies are not immune to failure. In the early 1990s, Nokia's various subsidiaries faced financial difficulties one after another. Over the course of a few years, a chain reaction ensued, causing them to fall like dominoes. Nokia was forced to split up, and in 1994, it sold off all of its companies except for its communications division.
At that moment, Nokia was on the verge of bankruptcy. No one present would have thought that it would start to improve in 1995, and then soar like a rocket, dominating the mobile phone industry globally for fourteen years, before finally falling in the smartphone era. As one whale falls, another emerges.
The boastful Fukuda, behind Toshiba, didn't go public with its mobile phone business until 2002, and it was wiped out in 2007, exiting the historical stage. As for Ericsson, it was suppressed by the market from beginning to end and never had a chance to rise again. No wonder these people got together to think about Motorola. They also knew their own capabilities.
Panasonic's mobile phones were launched in 1999, but they were not very successful and were completely outmatched by Xiaolingtong and Bird. In the 1990s, Motorola was the dominant player in the communications field. After 2000, Nokia dominated, followed by Samsung, which entered the mainland market in 2002, and then a huge number of domestic no-name brands!
Lu Feng tried to speak several times, but the three of them didn't give him a chance, which annoyed him. It was as if once the three of them finished discussing, Lu Feng and Alma would simply carry it out.
After discussing the matter thoroughly, the three came up with a preliminary plan: to avoid attacking each other in the market, to stop squeezing each other's pricing, to try to compete with Motorola's pricing strategy, and to work together in marketing.
Lu Feng couldn't help but roll his eyes after hearing the plan. It was such a basic approach that any junior manager in the marketing department could come up with it.
"Mr. Lu, is there anything you'd like to say?" Fukuda asked, looking at Lu Feng.
"The market plans you just discussed have been eye-opening and quite impressive. However, I believe that while the market is only one aspect, R&D is fundamental. Since we all have a common competitor, why not join forces? I can confidently declare here: if you cooperate with Jiafeng Electronics on R&D, I will take down Motorola in the mainland market!" Lu Feng said confidently to the crowd.
Upon hearing this, everyone present burst into laughter, and even Elmi, who was sitting next to Lu Feng, couldn't help but cover her mouth and laugh.
Lu Feng's words were like a greenhorn telling a great general, "Give me three thousand elite soldiers, and I will surely defeat the Jin Kingdom and bring back the two emperors."
"Mr. Lu, do you know how big Motorola is?" Fukuda scoffed, sounding quite disdainful. "Let me ask you, do you know how many employees it has worldwide?"
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