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Chapter 189: 799 at an rock-bottom price, the true king of value for money! (Please subscribe)

The next morning, several sparrows landed on the windowsill and chirped.

Chen Yansen slowly opened his eyes, got up and walked outside.

The sky outside the window was just beginning to lighten, and the city center of the virtual city was shrouded in a light, misty fog.

Last night, he didn't go back to the virtual courtyard. Instead, he, Wang Zihao, and Song Yuncheng booked a room in the Sky Garden to rest, so that he could attend Orange Technology's new product launch this morning.

Chen Yansen sat down at his desk, turned on his computer, and checked the user, sales, and retention data of Pinbei and Orange Technology as usual.

Then, opening his email, Cao Dahua reported that more than half of the Orange F1 and Orange F2 phones shipped to Abyssinia in the last batch had been sold. The factory was preparing to produce another 20 Orange F1 phones and 5 Orange F2 phones for the East African market.

Chen Yansen thought for a moment, then opened the sales reports sent by Zhou Jinling and others. The daily sales figures, including data from self-operated and distributors, immediately overlapped in his mind.

A few breaths later, Chen Yansen replied to Cao Dahua, asking him to increase the shipment volume to Zhou Jinling and others by another 50%.

Based on the data, Chen Yansen deduced that Orange Mobile in Abyssinia was just one suitable opportunity away from achieving explosive growth.

Increasing supply will give Zhou Jinling more room to maneuver.

In addition, Tencent, DST, and Sands Ventures all conducted a comprehensive and in-depth investigation into KuaiRun's business model and profitability.

The final valuations given were 3 million, 1.6 million and 2.1 million respectively.

In reality, if Chen Yansen hadn't been backing this project, the valuation would have been halved, which would have been a reasonable price.

Looking at the email requesting instructions from Pei Yi, he replied with 'tentative discussion'.

Kuaipao's current size means it hasn't even fully absorbed the Luzhou market yet. If it rashly seeks financing, the losses for Chen Yansen will be enormous.

He simply wanted to use Tencent to raise the expectations of venture capital firms.

The best time will be after Kuaipao has spent its 3000 million yuan in financing and successfully captured the Luzhou food delivery market.

Until then, just drag it out.

"Huh? You're awake?" Song Yuncheng's voice came from behind.

Chen Yansen glanced at the time; it was just 6:15.

He walked back to the bedside and hugged Song Yuncheng: "Didn't you sleep well? You can stay in the room and rest this morning, and go back to the science park this afternoon."

"Hmm, I am still a little sleepy. Why do you always wake up before me?"

Song Yuncheng asked curiously.

"I'm getting old, so I don't sleep much," Chen Yansen chuckled, making it up casually.

"You're a year younger than me, yet you're acting like an adult in front of your older sister. Call me 'older sister' and let me hear it."

Song Yuncheng was amused by him and instantly forgot to ask any further questions, only focusing on squirming in Chen Yansen's arms.

"I'm afraid if I really scream, you'll be unhappy." Chen Yansen grinned mischievously and reached his hand under the covers.

"Brother, stop fooling around, let me take a nap." Song Yuncheng's face grew redder and redder, her watery eyes seeming to drip water.

"It's too late to call me 'brother' now." Chen Yansen smiled slightly and burrowed into the blankets.

It wasn't until the alarm clock rang at eight o'clock that Chen Yansen went into the bathroom, washed himself clean, changed into a clean suit, and walked towards the restaurant feeling refreshed.

The ground floor was already filled with all kinds of luxury cars.

The inspector stood at the intersection, directing invited business partners, suppliers, collaborators, and media reporters to park their cars in the designated area.

Because Orange phones sold 1125 million units in 2011, and with the lobbying of DST CEO Yuri, Qualcomm, Microsoft, and Sony all sent representatives of considerable rank to attend the launch event.

Lei Yijun didn't want to come, but he wanted to know the price of the new Orange phone as soon as possible so he could adjust Xiaomi's new product development plan.

This time, he doesn't want to compete head-on with Orange Technology. If all the customers at the same price point buy Orange phones, how can Xiaomi sell its phones?
If Orange Mobile's new phone is priced at 2999 yuan, he will continue to focus on the 1999 yuan market and launch a 1499 yuan model in order to gain more market share.

Shortly after Lei Yijun led Li Wanqiang into the venue, Chen Yongming from OPPO and Huang Zhang from Meizu also entered the press conference hall.

Huang Zhang glanced at Lei Yijun with icy eyes, ignored him, and sat down with his assistant.

Ye Qiuping, Wang Teng, and others were responsible for greeting guests on the first floor.

When Chen Yansen arrived, he happened to see Yu Chendong from Huawei walking inside.

At the last press conference, Huawei didn't take Orange Technology seriously at all, but just six months later, Orange Technology managed to climb to fourth place in the smartphone sales chart with just one product, and naturally it has gained attention.

Yu Chendong led his team and made a special trip from Shenzhen to Xucheng.

"Mr. Chen, it's a pleasure to meet you! I've long admired your name. It seems that the young people of Huian are not only business-minded, but also handsome."

Yu Chendong smiled and flattered.

He was also from Hui'an, and indeed, he and Chen Yansen were from the same hometown. He greeted everyone with a wide smile, radiating warmth.

"Mr. Yu, you flatter me. Please come in."

Chen Yansen smiled faintly and led Yu Chendong toward the elevator.

In 2012, Huawei, which had only been transforming for two years, easily secured second place in the smartphone market under the leadership of Yu Chendong.

Although carrier-contracted and customized phones accounted for half of the market share, the shipment volume of more than 2000 million units also reflects Yu Chendong's business capabilities.

As Yu Chendong walked, he observed the fellow villager in front of him. He was tall and upright with a calm expression. No wonder he was able to earn billions in assets before he was even twenty years old.

After seeing the person onto the elevator, Chen Yansen turned back.

Tang Qingshan specifically instructed that several bigwigs from Xucheng would be attending the press conference today, so that he should not cause any trouble.

Chen Yansen is no stranger to dealing with this type of person. In his previous life at Feiyu Technology, he even set up a public relations department and spent 200 million yuan every year to support a second-generation heir to help him handle the company's external relations.

To put it bluntly, it's about helping him resolve minor issues with associations like the tax bureau, market supervision bureau, and fire department.

Don't underestimate this kind of person just because they may not be very capable. They have a lot of connections, and they can get things done with just a word from them, even if others can't handle the procedures.

Chen Yansen spent a lot of time socializing with local bigwigs for this reason. In his view, let them come if they want; he wasn't afraid.

Just then, a black, older model Audi A6 slowly drove up.

The moment the patrolman at the gate saw the license plate number, he immediately straightened his back and his face tensed up.

A 'click' sound!
A man in his early fifties, wearing a gray jacket, got out of the back seat of the car, followed by a middle-aged man in his thirties, presumably his assistant or secretary.

"Chen, it's great to finally meet you today. Old Tang has been mentioning your name to me all the time."

Xu Zhenhui walked over with a smile, while extending his right hand and suspending it in mid-air.

"President Xu, welcome, welcome! I didn't have a chance to thank you in person for what happened in Shanghai last time, so I must formally thank you this time."

Chen Yansen grasped the other person's hand and said with a smile.

When Tang Qingshan used his connections to get Chen Yansen released, it was Xu Zhenhui who made the request. Chen Yansen hadn't personally thanked him before because of their different statuses. But after Chen Yansen sold FoxTao and cashed out over 100 billion yuan, his importance in Xu Zhenhui's eyes instantly rose by more than ten levels.

His participation in Orange Technology's new product launch was also an attempt to support Orange Technology and Chen Yansen and express his stance.

After all, privately, people in Luzhou have always wanted Orange and Pinbei to move their companies there.

Xu Zhenhui naturally disagreed. He also wanted to take this opportunity to communicate with Chen Yansen to see if a mobile phone assembly factory could be built in Xucheng to solve the local employment problem.

“Principal Tang and I are old classmates. You are his student, which means you are my student. If you encounter any problems in the future, you can contact my secretary.”

Xu Zhenhui nodded slightly and said with a smile.

Upon hearing this, the secretary standing nearby quickly handed over her business card.

Chen Yansen took it and put it in his pocket, but his heart skipped a beat.

As the saying goes, showing courtesy for nothing is either cheating or stealing.

Chen Yansen was very clear about the pursuits of people like Xu Zhenhui: all they wanted was to achieve good results and accumulate capital for promotion.

"President Xu, let me take you upstairs first." Chen Yansen breathed a sigh of relief, but didn't seem to care too much.

Given his current wealth and industry influence, if you displease him, he can simply move to another city. He's not so easily manipulated.

Xu Zhenhui responded and led his secretary into the elevator.

Chen Yansen accompanied him as they walked and talked, and finally arranged for him to sit in the first row before going out and downstairs.

after that.

He Shiyou, head of ZTE's mobile phone business, entered the conference hall with his assistant.

Coolpad and Lenovo were also present, clearly wanting to find out the configuration and specific price of Orange Technology's new product.

Finally, the co-founders of several investment banks arrived late: Zhang Lei of Hillhouse Capital, Zhu Xiaohu of GSR Ventures, and Zhou Shouzhi of DST.

"Sorry, Mr. Chen, the road conditions were not good, so we are a little late."

Zhou Shouzhi was on a business trip in Nanjing yesterday, and this morning he rushed to Xucheng without stopping, with a full schedule.

As the sole investor in Orange Technology, DST naturally wouldn't be absent from such an important occasion.

"Mr. Zhou, you're too kind. There are still 10 minutes before the press conference starts, so how can you say we're late?"

Chen Yansen pulled Zhou Shouzhi inside, acting as if they were old acquaintances.

Zhou Shouzhi has a strong work ethic and is very driven. Chen Yansen wanted to hand over the CEO position of Orange Technology to him, but when he tried to reach out, Zhou politely declined.

This indicates that at this time, Zhou Shouzhi still preferred the investment field.

Chen Yansen didn't care. The world changes, and people change. He could just plant a seed in the other person's heart beforehand.

After the two entered the elevator, Zhou Shouzhi suddenly asked, "President Chen, when does Pinbei plan to launch its Series A financing?"

"DST has investment intentions?" Chen Yansen asked in return.

If Pinduoduo is added, DST has essentially invested in all three of the top e-commerce platforms in China.

“Investing in Pinduoduo aligns with DST’s overall interests,” Zhou Shouzhi responded with a smile.

"We don't have any plans to raise funds at the moment, but if needed, I will definitely give DST my first choice."

Chen Yansen smiled and declined.

Zhou Shouzhi nodded, understanding that Pinbei would not lack money under Chen Yansen's control.

Given his influence in China, even without DST's involvement, numerous local investment institutions would be waving their cash and begging him to take over.

The two walked into the conference hall and sat down; it was almost ten o'clock.

Today, Wang Teng wore a workwear T-shirt from Orange Technology with the words "Let technology change lives" printed on the chest. He wore a plaid shirt over it, paired with casual pants and sneakers, looking extremely casual.

This is the image that the brand and marketing departments carefully designed for him. According to Ye Qiuping, most of the users of Orange phones are young people and office workers.

If you try to emulate Chen Yansen's impeccably tailored and sophisticated style, it might actually create a sense of distance for users and make you seem less approachable.

Wang Teng glanced around and happened to see his boss looking at him with a smile.

He took a deep breath and strode steadily toward the center of the stage.

"Hello everyone, I am Wang Teng, the general manager of Orange Mobile and also a research and development engineer for Aurora OS. Today, I will introduce two new products from Orange Technology."

Wang Teng tried his best to slow down his speech to make himself appear less nervous.

He felt it was worth it to take on this job and get a general manager title.

Privately, he repeatedly studied Chen Yansen's speech videos, but eventually gave up the idea of ​​imitating him.

He realized that he didn't have his boss's exceptional good looks, nor did he possess outstanding verbal persuasion skills.

His only advantage is his deep understanding of the Aurora OS development process and his participation in the testing of Orange D1 and Orange C2.

He knew the placement of every single electronic component like the back of his hand and could explain the underlying logic of the design.

"The first product was designed by the design department. After six months of hard work, they created the Orange D1 specifically for young users: it features a MediaTek MT6573 processor, a 4.0-inch TFT screen, 512MB of RAM and 8GB of storage, and a 500-megapixel rear camera..."

Wang Teng slowly introduced the situation.

He can share his insights with the audience in a simple and easy-to-understand way, from chip processors to battery capacity and the design rationale behind core components.

The process of having engineers introduce new products to users was filled with a strong science and engineering atmosphere.

Although the media and Orange Phone fans in the audience were not familiar with some of the technical terms, they could easily feel Wang Teng's sincerity from his words.

Especially when discussing the technical efforts made by Orange D1 to narrow the bezels, the audience felt the entire process of a smartphone from initial conception to finished product.

"I imagine everyone is very concerned about its price. All I can say is that it's a very reasonable price that everyone can afford."

"799 yuan!"

Wang Teng pressed the remote control, and the large screen behind him immediately switched to a high-definition CG image from the Orange D1, with every detail clearly visible.

Upon hearing this, Lei Yijun breathed a sigh of relief.

However, representatives from Coolpad, Lenovo, and ZTE frowned immediately. This phone was targeting the low-end market, which was their comfort zone.

Competition is inevitable!

The material cost of Orange D1 is around 390 yuan. After adding R&D, production, marketing, patent licensing and after-sales costs, there is still a gross profit margin of at least 15%.

Chen Yansen felt that he had already earned enough!
Although the Orange D1 only has 512MB of RAM, its price of 799 is enough to make up for all its shortcomings.

(End of this chapter)