The atmosphere at the scene was quite good. Vera and Chathai were frantically flattering Sompa. Although they were senior executives of international companies, they knew in their hearts that they would eventually develop in Thailand and could not go international. Sompa, a business tycoon, was someone they wanted to protect.
Laughter and cheers filled the air. Songpa, who was usually meek and submissive in front of important figures, occasionally needed to seek validation from these less important people. Tonight was definitely a pleasant night for him.
The following day, more and more rumors circulated about Guangming Electronics, and a dispute arose between the two sides. When people do not know the truth, they tend to sympathize with the weaker party.
This incident was no exception. Public opinion surrounding Guangming Electronics quickly reversed, with countless people discussing the matter on the streets and alleys, expressing extreme hatred towards Toshiba and Motorola.
If product capabilities don't keep up, verbal support will remain just that—support. Just like Nokia back in the day, only when product capabilities catch up will people feel an unprecedented sense of vanity when they offer their support.
I bought the things I wanted, but when I tell others about it, I say that I did it to support domestic products, instantly making myself seem noble.
Jiafeng Electronics already had a good reputation for product quality and after-sales service. Now, Guangming Electronics is doing the same thing, so customer satisfaction is naturally very good, and its reputation is spreading by word of mouth.
Early in the morning, dozens of media outlets and newspapers once again put Guangming Electronics on their front page, with content consisting of nothing more than questions and even digging into Pala's past, pointing directly to Jiafeng Electronics as the mastermind behind it all.
Ordinary people are already desensitized to this bombardment of reports, and some are even annoyed by it. They have the same things to do every day, and they prefer to read gossip.
Lu Feng has stopped translating the local newspaper in the morning and started keeping an eye on some international news. In recent days, international financial circles have clearly paid less attention to Jiafeng Electronics.
Indeed, who would keep an eye on a company that's about to be strangled and report on it until it dies? That would be boring.
After breakfast, we held a morning meeting and asked all levels of management in the branch company to continue to strengthen offline promotion, using offline methods to attack print and television media, and to increase wall advertisements. We must continue to do this for the next few years.
"Starting today, the promotional activities will begin. Our prices are relatively low, which is a major advantage in itself. If they want to lower their prices and try to undercut us, we'll play along. Didn't they say they had 30 million US dollars? Our 30 million RMB will also be arriving soon."
Lu Feng sat in the main seat, looking at the dozens of people in the conference room, with the translator standing beside him providing real-time translation.
"Once the funds arrive, we will accelerate the expansion of our stores. Seventy stores are far from enough. If they want to continue the price war, we will fight them to the bitter end. We will fight them for as long as they want, until we achieve complete victory. No matter who it is, whether it's Zha Tai from the branch office or Watanabe Shi from headquarters, no one can stop us!" Lu Feng said to the crowd in a deep voice.
The audience erupted in applause. Everyone could tell that President Lu was serious this time. With the worries about Mu Zha, Da Gui, and Parker resolved, Lu Feng was clearly able to act more freely.
"The brand Guangming Electronics should always be a brand that resonates with the hearts of the Thai people. It should tear off the cloak of international capital and let people see their ugly side."
During the one-hour meeting, Lu Feng set a tone for the branch company: prices would always be lower than those of international brands, after-sales service would always be more comprehensive than that of international brands, and the target of service would always be the broadest range of ordinary people.
We do not produce luxury goods, products with a profit margin exceeding five times our own, or inferior products.
Of course, Lu Feng would never tell the Thai executives about the five-fold profit. In fact, when Jiafeng Electronics first entered Thailand, Kevin was planning to price the product to match companies like Motorola, with a profit margin of up to ten times the cost per unit, but Lu Feng rejected that idea.
If you're not competitive at the same price point, lower prices are always the sharpest weapon!
At 10 a.m., Lu Feng went downstairs alone without Kevin. He went to the forum venue by himself. Because this so-called summit forum was too rushed, it could only be held in a five-star hotel. A temporary stage was set up with a backdrop behind it that read "Summit Forum" in Thai.
The venue was rather shabby, but there were quite a few media outlets. The stage was packed with reporters, and various cameras were pointed at the stage as female reporters stood in front of their cameras to report.
Someone who didn't know better might think it was a press conference.
A number of people have already arrived and are sitting down, whispering to each other about how much money the two families spent on such a large event.
Because of his rather shabby character, Kevin instructed Tumpara to keep a low profile when he went there last night, and not to take a car, but to take a taxi.
As soon as he got out of the taxi, cameras were pointed at him and started snapping pictures. A group of people surrounded him, and all sorts of aggressive interviews came his way. Thompala lowered his head and walked inside without saying a word.
A dozen minutes later, three cars stopped in front of the hotel. Seven or eight bodyguards got out and cleared the area. Then they opened the car doors, and Lu Feng stepped out and strode inside.
There were fewer than fifty people in total. Lu Feng was seated next to Thompala. The two met briefly, but did not speak. Instead, they sat down directly.
As more and more people gathered, they whispered among themselves as they looked at Lu Feng and Thompala in front of them. Many of them had originally thought that Lu Feng was a man in his fifties or sixties, but they did not expect him to be so young.
"Alright, distinguished guests, please take your seats. The summit forum will begin shortly." The host came up and arranged for everyone to be seated before saying, "Next, let's give a warm round of applause to welcome Mr. Chathai, President of Motorola Thailand, Mr. Vera, President of Toshiba Thailand, and our distinguished guest, Mr. Sompa."
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