My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 55 Going to America! Taking the cake from Apple!
At this moment, Su Qing also came over after choosing a house.
"Mr. Chen, I've found the right units. The second-to-top floors of those two buildings next door have excellent locations and layouts," Su Qing reported, her eyes brimming with barely concealed excitement.
The boss bought an entire building; this is truly astonishing!
"it is good."
Chen Feng beckoned to Manager Zhao, "Manager Zhao, include these two apartments as well. Also, register these two apartments under her name and another lady's name; consider it a gift. Please complete the formalities."
"No problem! No problem!"
Manager Zhao was beaming with joy; two more large apartments! Today's sales performance is going to be off the charts!
With these two sets included, the total price is close to seventy-eight million.
Chen Feng took out a black gold card and handed it to Xiao Zhang, the saleswoman who was still in a daze.
"Swipe your card."
As the POS machine dispensed a long sales slip, this transaction that shocked Shanghai's real estate market was officially concluded.
As Su Yun watched Chen Feng's fluid movements and saw the black gold card that symbolized top-level wealth, she felt her legs go weak and almost lost her balance.
She lost, completely and utterly.
After completing the formalities, Chen Feng turned and left with Su Qing.
As he passed by Su Yun and Lao Liu, he didn't even glance at them, as if they were just dust on the roadside.
This kind of disregard is more despairing than any mockery.
......
Back in the car, Su Qing was still immersed in the shock she had just experienced.
"Mr. Chen, you...you're so generous!" Su Qing couldn't help but exclaim. "A whole building! The rent alone would be enough to live on for generations."
Chen Feng smiled and said as he started the car, "It's nothing. Compared to the future of our company, consider this a fixed asset savings plan."
"By the way, Su Qing, where do you live? I can give you a ride home on my way."
Upon hearing this, Su Qing quickly waved her hand, "No need, no need, Mr. Chen, I can take a taxi back myself. Just drop me off at the next intersection, so as not to delay you."
"Alright."
Chen Feng didn't insist. He dropped Su Qing off on the roadside and drove to his home on the Bund.
We hadn't driven far when the phone on the passenger seat suddenly vibrated.
Chen Feng glanced at the caller ID and raised an eyebrow slightly.
"Wang Jun? The representative of IDG?"
This is a rare guest.
Since the last transaction involving Tencent shares was completed in Shenzhen, the two have not been in contact.
"Could it be that IDG wants to sell the remaining shares it holds?"
Chen Feng muttered to himself, found a roadside parking space, pulled over, and called back.
"Hello, Representative Wang, I'm sorry, I was driving and couldn't answer the phone. Is there anything I can help you with?" Chen Feng asked in a relaxed tone.
Wang Jun's hearty laughter came from the other end of the phone: "Haha, I knew President Chen would be busy this weekend. Actually, it's nothing urgent, I just wanted to talk to President Chen about your company, Fengtian Technology."
"Fengtian Technology?"
Chen Feng was taken aback. "What does Representative Wang mean by that?"
Wang Jun explained with a smile, "Ever since my pleasant collaboration with Mr. Chen last time, I've paid special attention to your business. That's when I discovered that the F1 and T1 MP3 players that have recently become popular all over the country were actually designed by Mr. Chen."
"I have to admire Mr. Chen; he's truly a business genius. Not only is his gaming business thriving, but his industrial ventures are also booming."
"So, I'm here on behalf of IDG to ask Mr. Chen whether Fengtian Technology has any plans for financing?"
Chen Feng was about to politely decline.
Just kidding, Fengtian Technology's cash flow is perfectly healthy right now, and with the backing of "Legend of Mir" as a major financial backer, it's not short of money at all.
Financing? Isn't that just giving away shares to others for free?
However, before he could even speak, Wang Jun seemed to have guessed his thoughts and immediately threw out a bait.
"Mr. Chen, please don't be so quick to refuse. I know you're not short of money."
"But has Mr. Chen considered allowing F1 and T1 to enter the US market?"
Upon hearing the words "American market," Chen Feng's heart skipped a beat.
Wang Jun continued, "As a long-established American venture capital firm, IDG has extensive connections and resources in the United States. Whether it's getting in touch with retail giants like Best Buy and Walmart, or dealing with complex patent and legal issues, we can provide tremendous assistance."
"If you have ambitions to go global, then bringing in IDG as a strategic investor is definitely a smart move."
"We can even provide support if Fengtian Technology wants to list on Nasdaq in the future."
These words struck Chen Feng squarely where it hurt.
He certainly wanted to sell MP3 players in the United States.
Domestic consumption levels are limited, and high-end products like F1 cars, which cost over two thousand yuan, can only be sold to consumers in first- and second-tier cities.
In the United States, however, three hundred dollars is just a few days' wages for an average person, indicating huge market potential.
Besides, isn't earning US dollars a better option?
But he also knew that as a Chinese company with no roots, it would be extremely difficult to gain a share of the American market.
There are not only channel barriers, but also various patent traps.
Without a strong local guide, it's easy to be devoured without leaving a trace.
Seeing that Chen Feng remained silent, Wang Jun knew that the other party was interested, so he stopped talking and waited quietly.
After a full half minute, Chen Feng finally spoke slowly: "Representative Wang, if it's convenient for you, how about we schedule a time to meet in person?"
Wang Jun laughed on the other end of the phone: "Of course it's convenient. I happen to be in Shanghai on a business trip. How about Monday morning? I'll come visit you."
"Okay, then see you at the Fengtian Technology office at 10 a.m. on Monday."
"It's a deal!"
After hanging up Wang Jun's call, Chen Feng sat on the sofa and fell into deep thought.
We will definitely accept IDG's offer. This move to go global is not only about earning US dollars, but also about enhancing Fengtian Technology's brand image and increasing its premium value.
However, this valuation needs to be carefully considered.
"In April, Fengtian Technology's net profit was already over 17 million yuan, which is more than 2 million US dollars. In addition, there are 40 directly operated stores that will be opened nationwide soon..."
Chen Feng tapped his fingers lightly on his knee. "If we're only considering the domestic market, a valuation of around 50 million US dollars would be reasonable. But if we add the potential of the US market..."
"Eighty million? No, we need to aim for at least one hundred million!"
A glint of ambition flashed in Chen Feng's eyes.
The fact that IDG took the initiative to approach them indicates that they are optimistic about this sector.
If you're optimistic about something, you have to pay the price.
Just then, Chen Xiaotian came out of the room.
"Dad, what are you thinking about so intently? You're almost burning your hand with cigarette smoke."
Chen Xiaotian wrinkled his nose and fanned the smoke in front of him, looking disgusted. "I'm still growing, can you please stop making me inhale secondhand smoke?"
Chen Feng snapped out of his daze, looked at the cigarette butt in his hand, chuckled to himself, and quickly stubbed it out in the ashtray.
"Okay, okay, Dad, watch out."
"Actually, it's nothing serious," Chen Feng said casually. "IDG just called and said they want to invest in our Fengtian Technology and can help us sell MP3s in the US."
"I'm wondering whether we should take this step, and if so, how much is our company worth?"
Upon hearing this, Chen Xiaotian's eyes lit up instantly.
IDG? That's a giant in the venture capital world! If we could connect with them and enter the US market, our F1 could definitely compete with Apple's iPod!
It's only May now, and Steve Jobs' iPod won't be released until the end of the year. This six-month window is enough time for us to establish a foothold in the US market.
However...selling hardware alone isn't enough. Apple's success stems from its iTunes and its vast music ecosystem.
In places like the US where copyright awareness is extremely strong, simply selling music players without securing music copyrights can easily lead to bankruptcy through lawsuits.
We need to learn from Apple and create our own music software platform, negotiating copyright partnerships with record companies. Even if we lose money initially, once this competitive advantage is established, it will be a cash cow!
Moreover, this is an excellent fundraising story! With this "hardware and software integration" concept, the valuation could at least double!
Hearing his son's heartfelt words, Chen Feng's thoughts instantly became clear.
Music software platform? Copyright cooperation? Hardware and software integration?
This is indeed an excellent entry point!
In this era when the internet is still growing wildly, digital music copyright remains a gray area.
If Fengtian Technology can be the first to establish a legitimate music platform in the United States, it will be more than just selling MP3s; it will be setting industry rules!
Chen Feng smiled and looked at his son, saying, "I've been thinking about this a lot these past few days. Just selling hardware is too simplistic. How about we develop some complementary software? Something specifically for downloading and managing music. We can also talk to American record companies about copyrights and bring in legitimate music."
"Wouldn't it be even better if users bought our MP3 players and could easily download legitimate songs?"
Sure enough, after hearing Chen Feng's plan for "combining soft and hard approaches," Chen Xiaotian was visibly stunned for a moment, and even the way he looked at his father changed.
Holy crap? Dad's evolving speed is incredible! His business acumen has skyrocketed.
I was originally planning to subtly remind him about creating a closed-loop ecosystem, but he figured it all out himself. Well, I'm happy to relax and enjoy being a rich kid.
Chen Xiaotian muttered to himself.
Hearing his son's thoughts, Chen Feng's lips curled up almost imperceptibly, then he changed the subject: "By the way, Xiao Tian, I'll be free in a couple of days. I'll take you to a nice place."
"Where to?" Chen Xiaotian asked curiously.
"You'll find out when the time comes," Chen Feng deliberately kept everyone in suspense, "It'll definitely be a surprise."
Seeing his father's mysterious look, Chen Xiaotian was curious but didn't press the matter further.
......
Monday morning.
Chen Feng had barely entered Fengtian Technology's office, and before he could even sit down, he called Lin Wan in.
"Mr. Chen, what are your instructions?" Lin Wan pushed open the door and entered.
Two things.
Chen Feng held up two fingers. "First, notify the human resources department to immediately set up a software development center. I need to recruit a group of high-level programmers."
"Secondly, representatives from IDG will be here later to discuss financing; you'll be attending with me."
Upon hearing this, Lin Wan frowned slightly, her face full of confusion.
"Financing? Mr. Chen, our cash flow is very healthy right now, and our profit margin is high. There's absolutely no need to dilute our shares and take other people's money."
Chen Feng smiled and said, "You're right. If we're only concerned with this small piece of land in China, then we really don't need it."
"But what if we want to plant our flag in America?"
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