Then they discussed some business strategies. The total investment for this small project was 200 million US dollars, and Xiao Wang finally invested 40 million US dollars.
Because he had to actually manage the company, he got 2 more points. Xiao Wang holds 22% of the shares of the "Laidian" shared power bank company and actually serves as the manager.
The rest was divided up between the four members of Xiao Zhen's family and Run Sheng. The two younger ones didn't have much money, so they each took 5% of the shares, and Run Sheng took 13%.
The remaining 60% of the shares were taken by Zhennan's two brothers, and there was an extra 2% of share money, which Zhennan didn't care about.
The Xiaoqiang project that ignited the capital market in the second half of the year was finalized with the time for a cup of coffee and a meal of Northeastern cuisine by Xiao Wang.
After eating the braised pork ribs, Runsheng asked Xiao Wang to find her on the 33rd floor of Building 1, Huaguang Zhenfu Shijia when he has time. This girl hasn’t had enough of the braised pork ribs.
On June 25, Weibo fanatic Xiao Wang sent a message saying: I am so reluctant to say goodbye to IG!
There was a rumor in Shanghai that Wang Congcong sold the IG gaming club he had acquired two years ago, and he made 80 million yuan from the sale.
On June 26, Runsheng, Zhennan, Zhenbei and Wang Congcong went to an abandoned warehouse at the Longhua Aircraft Factory. This is the "Laidian" entrepreneurship center for these little guys.
Xiao Wang will be responsible for future operations and product management, Runsheng will be responsible for public relations, and Zhennan and Zhenbei will be responsible for software development and maintenance.
Several guys were getting ready to go, and Runsheng was smart enough to send their plan to Xiao Zhen for review. He received a reply two days later.
It has completely changed. This high-profile sharing project that was full of hype and quick profits has been turned into a smart small home appliance project. They also said that it will be purely online and will not enter any offline physical stores or counters.
So after several big and small companies renegotiated, they decided to separate out the profiteers and continue to do so, while the continued operation of smart small appliances was the foothold for the long-term operation of this enterprise.
As for small household appliances, of course he would ask his civilized cousin to do the OEM. The quality is guaranteed, and he can also borrow dozens of researchers from his civilized cousin.
Lai Dian made another change and became Xiaoxiong Intelligent Technology Company. Lai Dian Technology was established as a separate subsidiary to specialize in power banks. This thing can be done by adding a locator and timing chip.
Then came the charging box. Xiao Zhen suggested that they make it into a cabinet style, with a power bank at the bottom and a vertical LED advertising display area at the top, killing two birds with one stone. The panel was also ordered from their cousin's panel company, and the two Zhennan brothers only had to design an additional advertising monitoring background.
So the four main people changed the company procedures again and added Little Bear Advertising Company.
Their equipment is used in advanced office buildings, shopping malls, restaurants and convenience stores, while supermarkets, hypermarkets and convenience stores directly occupy the stores of the IKEA retail system with an annual authorization of RMB 20 million. This first batch requires nearly 52,000 sets of equipment, which also means that there are already 52,000 billboards across the country.
Zhennan complained about his father being too greedy for money. The offline video advertisements of Laidian and Little Bear quietly entered the Chinese market, and those overseas were also slowly being laid out.
In mid-July, we signed contracts with Dadao, Meihuigou, JD.com, and Amazon Bear Electric Appliances for the official flagship store homepage display function at a cost of US$2 million each.
The first batch of products launched online include large-capacity power banks, sun hat-style smart fans, handheld fans, and some other exquisite and highly designed floor-standing and desktop rechargeable fans. Xiao Zhen Design charged a 5% design fee.
In the first week, the four e-commerce platforms shipped 24 million rechargeable fans of various types worldwide. The most popular ones were sun hat-type and handheld types, which were basically seen on the streets by every urban beauty. Nearly 2 million power banks were also shipped.
The few people, both young and old, worked very hard and earned back all the money they had earned from the distribution channels and raw material processing in just one week.
Xiao Wang was particularly excited. He went straight to the market and bought a lot of large bones. The four of them held a feast at Xiao Wang's house in Tan Gong.
At this time, the patent was also applied for. After having a feast of braised pork ribs, Xiao Wang went to the Dongguan factory to supervise the production and shipment. This required him to race against time and buy out the national production capacity of a certain engineering plastic on the market.
The first place where the king of small fans blinded people was the Xuhui District Taxation Bureau. Xiaoxiong Technology is so powerful that the motor cabinets are distributed offline at a scale of 100,000 units per month to occupy sales points. Here, it has an advantage. Wanda, Huaguang, Culture, and Paradise's boutique businesses have signed exclusive agreements. Xiao Wang, who is not short of money, generously paid the channel fee, artificially raising the entry threshold for latecomers.
The advertising business of Little Bear was negotiated by Runsheng. He went to his uncle, aunt, Xiaoduo's uncle Wenming, cousin Wenying and cousin and got more than 500 million in advertising fees.
Now they no longer have to worry about tight funds due to the monopoly of semi-permeable engineering plastics. Several people once wanted to use the deposit, but Xiao Wang and Zhennan opposed it. If the deposit was used, there would be reputation problems. Fortunately, the advertising fees were collected.
Throughout July, August and September, a total of 210 million smart charging fans and 18 million power banks were shipped. This does not include advertising revenue for this quarter. With more and more point-to-point advertising screens, before National Day, Little Bear Advertising became the second largest video advertiser in the country. The largest one is of course Focus Media.
A few guys made a fortune, and then they started planning popular winter items, which were of course air purifiers, cute little bear rice cookers, smart shavers and hair dryers. The hair dryer had the highest technical content, as well as the smart electric heater and high-power silent motors designed by Xiao Zhen.
It was already the end of December when Xiao Zhen returned from Dongfeng Aerospace City, and Xiaoxiong Technology had become a star high-tech company in Shanghai.
At the end of December before Christmas, after the half-year work meeting of Xiaoxiong Technology was held, a few guys could not resist dividing the spoils and took out a total of 4 billion to share among the shareholders. Zhennan and Zhenbei got 2.4 billion, and the two brothers made 120 million dollars, more than double their profit.
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