My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.

Chapter 57: Laying the groundwork for the next 1 million yuan market!

After the agreement was signed, Chen Feng was in high spirits.

That was a perfect move.

Not only did he secure $10 million in funding from IDG, providing ample resources for his foray into the US market, but more importantly, he finally recouped the last 5% stake in Penguin.

At this point, Chen Feng held an astonishing 53% stake in Tencent!

This is an absolutely stifling percentage of shareholding in a future trillion-dollar giant.

After seeing Wang Jun and his group off, Chen Feng returned to his office and breathed a long sigh of relief.

Lin Wan stood to the side, her eyes filled with admiration and awe.

"Mr. Chen, our company is now... valued at one hundred million US dollars?"

Lin Wan felt it was all a bit unreal. "It's only been less than half a year! That's over 800 million RMB!"

"Adding in the Legendary side, your current net worth is probably astronomical."

Chen Feng smiled and walked to the window to look at the bustling traffic outside.

"Net worth is just a number."

Chen Feng said calmly, "Only when things are accomplished can it be considered real."

"By the way, Mr. Lin, now that IDG has entered the market, the channels in the US will be established soon. We need to plan our production capacity in advance, especially for high-end F1, we must ensure supply."

"Understood!" Lin Wan immediately got to work. "I've already asked the factory to recruit more people; they can manage with three shifts."

"And that software platform."

Chen Feng added, "I named it iMusic. It's easy to remember and sounds trendy."

"We need to speed up recruitment for the software R&D center, and ideally, we should recruit a few top talents with overseas experience to lead the team. This is our nuclear weapon for going global."

"Yes, Mr. Chen, I will keep an eye on it personally."

......

[At this point, I hope readers will remember our domain name: 202ᴋᴋs.ᴄᴏᴍ]

Chen Feng glanced at the time; it was almost noon.

This week he promised his son that he would take him to see the new building he had just bought.

Driving a Mercedes-Benz S600, Chen Feng drove Chen Xiaotian toward the Bund.

"Dad, where are you taking me?"

Sitting in the passenger seat, Chen Xiaotian looked at the fleeting street scenes outside the window and asked curiously.

"You'll find out when we get there," Chen Feng said, deliberately keeping everyone in suspense. "I've prepared a big surprise for you."

As the car turned a corner and was about to enter the underground parking garage of "Yaoshi Huafu", a red electric bicycle suddenly rushed out from the side against the flow of traffic.

"squeak--!"

Chen Feng reacted extremely quickly, slamming on the brakes.

The Mercedes stopped less than half a meter away from the electric car.

The person riding the bike was a food delivery guy, and he was so frightened that he fell to the ground with his bike, scattering the food containers he was carrying all over the ground.

"Holy crap! Going against traffic like that?! Are they out of their minds?!"

Chen Feng broke out in a cold sweat and couldn't help but curse.

If it had been someone with slower reaction time, or someone who couldn't brake in time, this guy would be done for today.

Chen Xiaotian was also startled, but as he stared at the overturned electric scooter, his eyes gradually became deep.

Wow, that was close! The quality of electric vehicles these days is truly questionable.

[Look at that motor, it's another old-fashioned brushed motor, isn't it? Not only is it noisy and consumes a lot of electricity, but the brakes are also unreliable.]

However, speaking of which, the future of China will be the "kingdom of electric vehicles." The streets will be filled with electric scooters; delivery services, commute to and from get off work—they're indispensable.

The electric vehicle market is still in its early stages, dominated by unknown brands with shockingly low technological content.

If we could import high-speed brushless motor technology from abroad, and pair it with a more durable battery, we could create a high-end electric vehicle with long range, powerful performance, and responsive braking... that would be a game-changer!

Moreover, electric bicycles are just a stepping stone. Once the technology is developed, they can transition to electric vehicles later.

Imagine the future of BYD, NIO, and Tesla with its trillion-dollar market capitalization... these are all super-sectors worth hundreds of billions!

Upon hearing his son's heartfelt words, Chen Feng's heart, which had been pounding, suddenly skipped a beat.

Electric vehicle?

High-speed motor?

A trillion-dollar industry?

How could he not have thought of that!

The electric vehicle market is indeed a huge untapped market.

With the implementation of motorcycle bans in major cities, the basic travel needs of ordinary people urgently need to be met.

Bicycles are too tiring, buses are too crowded, electric bikes are simply the perfect alternative.

If, as Xiaotian said, we can really master the core motor technology and create a benchmark product...

Chen Feng took a deep breath to calm himself down, then casually remarked, "Xiao Tian, ​​don't you think there are more and more electric bikes these days?"

"I glanced at that car just now; it was pretty rudimentary. If we could build an electric car that's fast, has good braking, and is energy-efficient, wouldn't that be a great opportunity?"

Upon hearing this, Chen Xiaotian's eyes lit up instantly.

My dad's comprehension is amazing! He gets it right away!

This has to be a huge opportunity! And a really big one at that!

"Dad, you're absolutely right!"

Chen Xiaotian immediately chimed in, "The motors in electric vehicles these days are so outdated, they struggle even to climb a hill. I've heard there's a high-speed brushless motor technology abroad that's really amazing."

"If we could import this technology, the cars we made would definitely sell like hotcakes!"

Chen Feng nodded thoughtfully: "This trip to the United States will be a good opportunity to inquire about it. If we find suitable technology or a team, we can buy them back or cooperate with them."

"Anyway, we have the relationship with IDG now, so finding technology shouldn't be difficult."

"Yes, yes! Dad, you're so wise!" Chen Xiaotian flattered him enthusiastically.

[Hehe, my dad might just be the future "father of China's Tesla"!]

Chen Feng's lips curled up slightly.

Father of Tesla?

This title sounds pretty good.

......

As they were talking, the car had already parked in the underground parking garage of "Yaoshi Huafu".

"We've arrived, get off the bus."

Chen Feng turned off the engine and unbuckled his seatbelt.

Chen Xiaotian pushed open the car door, looked around at the luxurious garage, and then glanced at the magnificent decorations of the elevator lobby. He had a vague idea in his mind.

"Mr. Chen, you've arrived."

As soon as I entered the marketing center, Xiao Zhang, the salesperson who had handled my paperwork earlier, greeted me with a big smile, his attitude even more respectful than last time.

"Um."

Chen Feng nodded slightly and asked calmly, "I haven't had a chance to take a closer look since we finished the procedures last time. Is it convenient for me to go up and have a look now?"

Xiao Zhang quickly replied, "Convenient, of course! The elevator was just tested yesterday and goes directly to the top floor. It's just that the landscaping downstairs is still being finished, so the ground might be a little messy. Please bear with me."

"It's alright." Chen Feng waved his hand.

Chen Xiaotian, who was standing to the side, listened to the conversation between the two and his eyes almost popped out of their sockets.

He suddenly grabbed Chen Feng's sleeve and exclaimed in a low voice, "Dad, you...you weren't joking about the whole building? You really bought this entire building?!"

Earlier in the car, although his father had mentioned it briefly, he subconsciously felt that it might be an exaggeration.

After all, properties along the Bund are incredibly valuable; buying one is an improvement in living standards, but buying an entire building? That's the behavior of a tycoon!

Chen Feng turned his head, looked at his son's shocked expression, and smiled casually: "Yes, the contract was just signed last week, and the full amount has been paid."

"How was it? Was this gift a pleasant surprise?"

"No matter how things change in Dad's business in the future, this business is all set up for you. Even if we do nothing in the future, just collecting rent will be enough for you to live comfortably for several lifetimes."

Upon hearing this, Chen Xiaotian felt his head buzzing, followed by a surge of ecstasy.

Holy crap! Daddy's awesome!

This is a prime riverfront property on the Bund! And it's a whole forty-story building, a true penthouse!

[Judging from the future housing price trends in Shanghai, this isn't just a house, it's a gold mine! By 2020, this building will be valued at least several billion yuan!]

With this building, why should I even bother working hard? I can just relax and be a super landlord, living a life of leisure and doing absolutely nothing. This couldn't be better!

Hearing his son's pathetic declaration of "lying flat," Chen Feng's lips twitched, feeling both annoyed and amused.

"Alright, stop grinning like an idiot and go upstairs to see your empire." Chen Feng patted his son on the back of the head.

"Okay!"

Chen Xiaotian followed along eagerly.

Led by salesman Xiao Zhang, the father and son took a private elevator directly to the top floor.

This is a large, unfinished apartment that has not yet been renovated. In the empty concrete space, the draft is howling.

Chen Xiaotian excitedly ran to the huge floor-to-ceiling window.

Before my eyes, the wide Huangpu River flows endlessly, and on the opposite bank, the Lujiazui area, under construction, is filled with towering buildings, while the Oriental Pearl Tower shines brightly in the sunlight.

Standing here, you do feel a sense of grandeur, as if you have the entire city of Shanghai under your feet.

Even as he left "Yaoshi Huafu", Chen Xiaotian was still in a state of excitement, already planning in his mind whether to rent the building to a multinational company as its headquarters or to convert it into a super five-star hotel.

......

Monday morning.

Chen Feng had just finished processing several documents related to the export of MP3 players when he pressed the internal phone and called Lin Wan into his office.

"Mr. Chen, what are your instructions?"

Lin Wan was dressed in a smart business suit and holding a notebook in her hand.

"There's a new assignment."

Chen Feng tapped his fingers lightly on the table and said seriously, "President Lin, I need you to arrange for someone to do a detailed market research report."

"The subject of our research is the electric bicycle industry."

"Focus on several key aspects: First, what well-known brands are currently on the market, their sales volume, market share, and approximate price range."

"Second, what is the supply chain situation for core components, especially the suppliers of motors and batteries?"

"Third, consumer feedback on the pain points of the current products."

"I want to see this report within this week."

Upon hearing this, Lin Wan paused slightly in her grip on the pen, a hint of surprise flashing in her eyes.

"Mr. Chen, are you... planning to cross over into the electric vehicle industry?"

Fengtian Technology is currently selling MP3 players very well and has just received funding from IDG to prepare for overseas expansion. Its main business is clearly consumer electronics, so why is it suddenly getting into transportation? This leap is a bit too big.

Chen Feng nodded, his expression serious: "That is indeed the intention."

"I've recently observed on the streets of Shanghai that there are significantly more people riding electric bikes. With major cities successively issuing bans on motorcycles, there's a huge gap in people's basic transportation needs. Bicycles are too tiring, buses are too crowded, so electric bikes are the best alternative."

"This is a blue ocean market on the eve of its explosion, and I want to secure a spot in advance."

Although Lin Wan had some doubts about crossing over into a new field, she didn't ask any more questions because she had absolute trust in Chen Feng's business acumen, and immediately closed her notebook.

"Okay, Mr. Chen, I'll arrange for someone to conduct an in-depth investigation and give you a detailed report as soon as possible."

Lin Wan closed her notebook, accepted the order, and left.

Chen Feng leaned back in his chair and let out a long sigh of relief.

These past few days he has been thinking about how to enter the electric vehicle industry.

Instead of starting from scratch to build a factory, hire people, and conduct research and development, it's better to use financial power to pave the way—acquire an established electric vehicle factory.

Although a premium is unavoidable, it saves valuable time costs and allows direct access to existing production lines and skilled workers.

By simply importing technology from the United States and performing a "heart transplant" on existing products, a highly competitive "super electric vehicle" can be launched quickly.

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