Chapter 631 – Returning back to China
When other brands were trying to gain more market shares, Feng Yu’s brands were not in a rush. The production rates were the same as before. Although the sales were not declining too much, it was still declining gradually.
Other brands saw Wind and Rain Electronics did not introduce their new Super VCD player and thought it was just a marketing gimmick. All the companies were racing to develop new DVD technologies, and if they succeeded, they might be able to control the market.
Thomas also asked Feng Yu how long more they should wait. Their production lines were already modified and had understood all the technologies given to them by Wind and Rain Electronics. They could start manufacturing the Super VCD anytime.
Feng Yu told him to wait for another 1 to 2 months before they introduce the Super VCD player. Now, they should continue to develop the DVD players. The target was to launch the DVD players 2 years after the Super VCD.
Wind and Rain Electronics was now focusing on developing the DVD optical drive. VCD optical drive was good, but it was still not good enough. The optical drives supplied to Lenovo could only read data from the disc and could not write any data into the disc.
Feng Yu wanted the optical drive to have the function of storing data into the disc. This way, his optical drives could replace the floppy disc.
If Feng Yu could monopolize this market, then all the PC manufacturers had to look for Wind and Rain to cooperate. He will be able to gain higher profits.
Of course, Feng Yu wanted Lenovo’s PC to be the first to have this optical drive. This way, Lenovo would be able to gain more market share and increase its brand value. After all, he has shares in this company.
Give Lenovo the authorization to use the patent? Of course not. But Feng Yu was willing to exchange this patent for more shares.
Lenovo will not reject this offer as they knew this was their opportunity to enter the world market. Their brand value and profits will also increase. They will be willing to give up some shares in exchange.
Even if Lenovo does not want to trade, Feng Yu could top up the offer with cash. As long as Lenovo was willing to sell its shares, Feng Yu would be ready to buy! Not only Lenovo’s brand and technologies, but Liu Chuanzhi was also crucial. Feng Yu felt that Liu Chuanzhi was more critical than Lenovo itself.
Time passes very fast, and it was June. As an exchange student, Feng Yu handed a few assignments and took a simple exam. He does not need to worry about the rest of the paperwork.
This year’s May holidays, Li Na did not come to Hong Kong. It was because Feng Yu had returned to China and went to look for her. It was their 3rd year, and they had lots of lessons to attend. Feng Yu must get back to Beijing soon.
As the most prominent exchange student who went to Hong Kong for 2 semesters and Beijing University’s special treatment student, Feng Yu did not leave a deep impression with the Hong Kong University. It was due to him skipping lots of classes.
The classes Feng Yu attended the most was Professor Liang’s classes. He was not able to recruit Professor Liang, but luckily Professor Liang had agreed to help him if he were to face the overseas financial predators in the future.
Feng Yu biggest gain from this trip to Hong Kong knew a few Hong Kong Tycoons’ second generations. Some of these wealthy second generations were really good for nothing and some, like Li Zekai, were outstanding. These were all Feng Yu’s connections and will help him in the future.
Feng Yu also noticed Li Zekai was very capable. At least more capable than him. Of course, it was because Feng Yu was…… lazy!
Feng Yu always felt that if others could do his work for him, why should he do it himself? Many people wanted to be the boss of a company was to enjoy the feeling of being high up and making decisions.
But it was different for Feng Yu. He wants to be the boss was to make more money and make sure the companies were heading in the right direction. He was also very generous and was willing to give the company’s shares to those management staffs and let them run the company. He had never interfered with the hiring of the middle management staffs, other than the person in charge of the finances.
Even for companies like Lehaha and Bing City Pharmaceutical Enterprise, Feng Yu only bought a stake in the companies and offered some suggestions. He was not the one who makes the final decision in these companies.
But the more Feng Yu behave this way, the more others were willing to listen to his suggestions. Because all of them knew that all of Feng Yu’s recommendations were right.
After listening to Feng Yu’s advice, the companies grew rapidly. Although Feng Yu invested in these companies and took away a portion of their profits, the overall earnings were way higher than before.
Feng Yu’s specialization was in the financial market. Although he had learned a bit on management in school, it was still not enough compared to those wealthy second generations.
Feng Yu handed almost everything to others. From the procurement of raw materials to production and sales. What he did was only to give suggestions, set the general direction of the company, and invest in the company.
In Feng Yu’s previous life, those super tycoons did not only invest in one company or product. Even Bill Gates also owns the shares of many other companies.
Many of the conglomerates also did not focus on one industry. They will diversify their business. Just like Lenovo in Feng Yu’s previous life. It was a software company initially, but it expands into real estate, retail, computers, software, apparels, and food industry.
There was a benefit for doing this. If anyone industry was not doing well, the rest of the sectors could still help the company gain profits. But the disadvantage for doing this was the company’s resources will be diversified too. This will result in the company unable to get the most out of every industry.
Feng Yu’s investments do not have these worries. His investments were separated from each other. Other than Wind and Rain, he does not need to worry about the rest of the brands like Tai Hua Brand, Aiwa, Lehaha, Songjiang Motors, Sixth Sense. These companies might be related to each other, but most of them were individual companies in their own industries.
Feng Yu was able to get the most profits out of every company. His wealth was growing at an alarming rate. No one knows how much money Feng Yu have. The only person who knew how much money he has was Feng Yu.
When Feng Yu combines all his wealth together, that will be the time he will go on the offensive. By that time, he should have more than 10 billion USD. He would be able to make a killing in the financial markets during the coming financial crisis, with the funds raised from the Hong Kong and China tycoons.
Feng Yu returned to Beijing after his exam at Hong Kong University. It was time for Wind and Rain Electronics next step!