Without Lu Feng, this situation would have remained stagnant for more than a decade. These brands have a very strong influence centered on production, but they are less effective at venturing into other people's territories.
Provinces without television factories are the key markets these companies compete for, and also the most fiercely contested areas. For example, Weipuda has a relatively high market share in Henan and Shaanxi.
It was late at night. Lu Feng lit a cigarette and sat there pondering. He knew one thing well: it was impossible to completely destroy these few companies at present, because they represented the industrial capacity of each province.
Even in the mid-1990s, pandas were already in such a state, yet they were still stubbornly holding on.
Overnight, the news that Lu Feng had taken back control of Wepuda spread throughout the industry. Everyone was privately wondering what changes Lu Feng would bring this time, or whether he would be able to change anything at all.
The management of various companies were discussing it a lot, while the CEOs remained calm and composed because they knew what the situation was like.
For three consecutive days, Lu Feng was learning about the situation of Weipuda, and even went to several stores to conduct a simple market survey.
A technology conference is being held in Zhongguancun, Beijing, attracting many companies, including Li Dongsheng and Chen Weirong.
An interview was taking place on stage, and a reporter said to several TV executives, "I recently heard that Lu Feng seems to have taken back control of Wepda. I wonder if this puts any pressure on you?"
Huang Hongsheng leaned back in his chair and said, "What pressure can we have? He should be the one under pressure. I've noticed that some people are starting to mythologize Lu Feng. It's like whatever he does attracts a lot of attention. I think it's better to be down-to-earth."
Li Dongsheng clapped his hands. Everyone had started from roughly the same point, and Lu Feng had even arrived later than them. Yet now his reputation had overshadowed theirs, which made some people quite unhappy.
Today, Mr. Liu from Lenovo hosted a dinner for everyone to chat. He has been secretly worried lately because Jiafeng Electronics is developing too fast, especially with the huge sales of pagers. This makes people think that the next step is mobile phones. If they are already making mobile phones, then how far away are computers?
Lu Feng is a man with a big appetite who acts on his impulses. If the two families were to actually fight one day, President Liu would definitely be the one who would be embarrassed, because Zhu Lidong would be attacking him. No matter what the outcome, he would be in a difficult position.
After a few rounds of drinks at the dinner table, General Manager Liu addressed the group, saying, "Given the current state of the television industry, does he have any solutions?"
“He has no tricks up his sleeve. Right now, not only do we have no tricks, but we’re all locked in a fierce battle. Only Changhong is somewhat capable.” Huang Hongsheng shook his head and said, “Some people outside are just exaggerating his abilities.”
“What I’m worried about now is Jiafeng Electronics’ crazy expansion. Look at how many industries they’ve entered. They started by selling children’s food, and now they’re venturing into high technology?” President Liu’s worry was written all over his face.
Everyone nodded in agreement, but they couldn't find any fault with Lu Feng for the time being. You see, competitors would buy all kinds of products from Jiafeng Electronics, take them apart, and test them. If they found any problems, they would definitely be the first to report them to the Administration for Industry and Commerce.
After several rounds of drinks and dishes, Huang Hongsheng assured President Liu that there was no need to worry about Lu Feng. They knew the television industry very well, and as long as the fundamental problem wasn't solved, no one could help.
The decline in television profits and sales can definitely hinder Lu Feng's progress, and most importantly, it can lower the valuation of Jiafeng Electronics.
Without funding, no matter how capable Lu Feng is, he can't cook without rice!
The senior management of Wepda had been waiting for Lu Feng to come up with a plan, but several days had passed in the blink of an eye and nothing had been done. They were still in a passive position in the market. Zhu Lidong saw this and was very anxious!
With rapid development, many of the company's processes are not perfect. In particular, the pager issue still takes up some of Lu Feng's energy. Compared to other bosses who spend their time chasing girls and playing golf, Lu Feng has not relaxed at all.
For the past few years, he has been working at a high intensity.
There was a knock on the office door. Lu Feng said, "Come in." Zhu Lidong pushed the door open and walked in, saying to Lu Feng, "President Lu, a technology conference was held in Beijing today. Many CEOs were there, and it caused some disputes."
"What we say isn't important." Lu Feng let out a long sigh and said, "Weipuda's problem is really difficult to solve."
"This is an unsolvable problem, and everyone knows that. In my opinion, we still have to rely on overseas markets in the end. Whoever can break through will survive," Zhu Lidong said.
“That makes sense, but we can’t just sit idly by and watch the domestic market decline. We haven’t even gone international yet. Alright, I’ll take a break too.” Lu Feng checked the time and said, “Are there any activities I can participate in?”
Zhu Lidong thought for a moment and realized that Lu Feng had indeed been tired lately, but there really weren't any activities suitable for him. He then suggested, "How about we attend a dinner party? There are quite a few dinner parties and dances tonight."
"For me, that's work!" Lu Feng said helplessly.
“By the way, let’s go play golf. The district chief in charge of this area contacted me a few days ago, saying he wanted to talk to you. He likes playing golf, so it’s a good opportunity to chat with him.” Zhu Lidong became interested and said, “District Chief Zhao is different from other people. He has a wide range of interests, is easy to talk to, and is very humorous.”
"I still can't escape work, fine!" Lu Feng compromised, sat back down, his mind still on Weipuda, which was the most unsolvable problem he had ever encountered.
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