Set sail1992

Chapter 1478: Lao Wang Wants to Play Big

"Mr. Zhang, thank you! Thank you!"

The next afternoon, as soon as they met, Lao Wang held Zhang Qihang's hand tightly and shook it vigorously.

Communicating on the phone is one thing, but as for what to do, Lao Wang still has to come to Huateng Group to negotiate with Zhang Qihang in person.

"Mr. Wang, you're too polite," Zhang Qihang said as he extended his hand to invite Old Wang to follow him, "We've been friends for so many years, it's only natural for us to help each other... By the way, have you communicated with friends in the home appliance, computer, and mobile phone industries?"

Lao Wang understood what Zhang Qihang meant by this question and nodded quickly: "We have discussed it all, and everyone is very supportive of us... Speaking of which, everyone has had enough of the suffering of those LCD panel suppliers over the years, otherwise they would not be so supportive of our actions."

Speaking of this, Lao Wang was visibly more relaxed. Apparently, he had concerns before deciding to fight this LCD panel war, but after communicating with domestic upstream and downstream companies, everyone gave Lao Wang a lot of support and confidence.

"Okay, now that you've communicated with everyone, the next step is simple. It's nothing more than spending money," Zhang Qihang couldn't help laughing when he talked about this. "Speaking of which, the LCD panel suppliers in Jiaoben, South Korea, and the small islands are really bad. I've disliked them for a long time. If I can take this opportunity to teach them a lesson, I'm willing to spend money on it."

Although Huateng Group does not use many LCD panels and cannot be compared with the three major consumers of LCD panels, namely color TVs, computers and mobile phones, since there are business dealings between them, it means that Huateng Group understands the grievances involved.

Over the years, because BOE's LCD panel supply scale has not yet been developed, LCD panel suppliers represented by Samsung, AUO, and Sharp have never taken mainland customers seriously. Although everyone has signed a contract, the contract is not fair and stipulates a series of exceptions. These LCD panel suppliers take advantage of these exceptions and raise prices arbitrarily using excuses and reasons such as "factory fire" today and "problems with raw material supply" tomorrow.

Unfortunately, we don't have a decent, large-scale LCD panel supplier. As a result, even though we know that this is an excuse for the other party to violate the contract and arbitrarily raise prices, we can only accept it.

It can be said that ever since LCD panels began to be widely promoted and popularized in the home appliance and computer industries, mainland home appliance and computer companies have suffered greatly and have been in an exploited position. The domestic upstream and downstream industries that use LCD panels can be said to have "suffered for a long time."

Lao Wang nodded repeatedly, with a look of relief and happiness on his face: "Yes, everyone had the same attitude when I communicated with you before... If it weren't for the firm support from Mr. Wang of BYD and Mr. Wu of Shenzhou, I wouldn't have had much confidence in the upcoming price war... Lao Wang, Lao Wu, Lao Zhang, they are really nice..."

Before Lao Wang could finish, Zhang Qihang smiled and said, "Based on my understanding of you, even if you don't have much chance of winning, you have decided to fight them, right?"

"Of course!"

Speaking of this, Lao Wang's expression instantly became firm: "I know very well that they want to take this opportunity to kill us and make sure we never have a chance to turn things around!

But we cannot let down the expectations of our motherland and our people!

We at BOE have been suffering from continuous losses since 98. The only reason we have been able to survive until now is thanks to the subsidies and assistance provided by the state in various forms, so we cannot lose!

It doesn’t matter even if I, Wang, die, but we, BOE, cannot lose no matter what!

If BOE loses, it means that the LCD panel industry that China has built up with great difficulty since the late 90s with continuous investment of more than 3000 billion yuan is completely ruined!" At this moment, Lao Wang was like a general about to go to the battlefield, not only with a strong murderous aura, but also with the heroic spirit of seeing death as the way home and never returning.

Zhang Qihang didn't say much, but patted Lao Wang on the shoulder and said, "Let's go to my office and talk slowly."

........................

"What? Old Wang, you want to take this opportunity to expand against the trend?"

In the office, after listening to Lao Wang’s idea, Zhang Qihang was extremely shocked. He didn’t expect Lao Wang’s ambition to be so big!

Before this, Zhang Qihang thought that Lao Wang came to him hoping that Huateng Group could provide some financial support. After all, Lao Wang was very familiar with Huateng Group's business structure and the use of LCD panels, and he probably wouldn't expect Huateng Group to place many additional orders with BOE.

But Zhang Qihang guessed the beginning but not the ending.

Lao Wang did not mention any idea of ​​hoping that Huateng Group would place additional orders, nor did he even give a hint. However, he mentioned the global economic crisis caused by the US subprime mortgage crisis, and how the global LCD panel industry had shrunk significantly due to the impact of this economic crisis. Many LCD panel manufacturers had to close their factories due to insufficient orders, and some companies even started selling off their factories in order to raise funds.

Facing Zhang Qihang's gaze, Lao Wang nodded and said, "Mr. Zhang, you are also an entrepreneur. You have been able to develop Huateng Group to its current level. You must understand that for BOE, the current situation is indeed a crisis, but it is also an excellent opportunity to expand production capacity.

After all, the economic crisis will eventually pass, and market demand will continue to increase, but once this opportunity to pick up a bargain has passed, it will be hard to come by again.”

Lao Wang hopes that Huateng Group can provide financial support for BOE's counter-cyclical expansion!

"..."

Zhang Qihang stopped talking. He frowned, lit a cigarette, and seemed to be thinking carefully and weighing the pros and cons.

Although Lao Wang looked very determined, looking at Zhang Qihang who was frowning and thinking hard, Lao Wang actually did not have much confidence in his heart.

The reason is very simple, and everyone understands it. Now is indeed a good opportunity to expand against the trend, but who can guarantee that BOE will be able to win in this LCD panel price war?

Don't mention that the country is behind BOE. The country will not let BOE fall. Our Huateng Group has invested real money. Even if BOE doesn't fall this time, BOE has been losing money since 98. If our Huateng Group has invested money, when can we get our money back?

What if we are stuck and can't get out?