Reborn since 1993

Chapter 1071 On the Self-cultivation of Leeks
Those manufacturers who placed orders with Dongling Hi-Tech's parts industry chain obviously wanted to save trouble and might even be planning to copy the Feiyan MP3.

Just assemble a copy of the Feiyan MP3 player, and then change to another brand when the time comes!
However, none of Dongling Hi-Tech's parts suppliers dared to supply such blatant behavior.

If they just want to "borrow" the design of Feiyan MP3, as long as it is not obvious and does not look exactly the same as Feiyan MP3, maybe Dongling Hi-Tech and Feiyan Technology will turn a blind eye to it.

But if they are blatantly counterfeiting, or even trying to indistinguishable goods from the real thing, using the name of Feiyan MP3 to trick users into buying its fakes, then they will have to wait for the hammer from Dongling Hi-Tech's legal department to punish them.

However, to be honest, the explosion of the MP3 market is just around the corner. In the last six months at the latest, a large number of MP3 players of various brands will appear on the market.

It is impossible for Dongling Hi-Tech to stop it. All it can do is to catch a few typical cases and then file a lawsuit to make those manufacturers who infringe Feiyan MP3's patents pay compensation!
However, the emergence of so many MP3 manufacturers has increased competition in the industry and will also give Feiyan MP3 many competitors.

But at the same time, these MP3 manufacturers have the same stance as Feiyan Technology, which is to kill the traditional record industry!

The more MP3 manufacturers there are and the greater the sales volume, the larger the scale of Internet music users will naturally be, and the life of record giants will become more difficult in the future.

After releasing the announcement, Feng Jun began to recruit a design team in full swing. He did not plan to let Huaqi focus on technology. Anyway, Huaqi could not compare with Feiyan in terms of technology.

So, Feng Jun simply laid down his ground in terms of technology and used the industrial chain of Dongling Hi-Tech's parts and components, and was too lazy to engage in any technological research and development.

Anyway, with Dongling Hi-Tech, Huaqi uses Dongling Hi-Tech's technology and components. Even if the product is worse, it won't be that bad. Compared with other small MP3 manufacturers, the workmanship is definitely much more solid.

He plans to follow Mr. Li's suggestion and work hard on the appearance and design of the MP3 to make the Patriot MP3 a surprise success!

……

Apart from Huaqi, Feiyan Technology has been relatively quiet in China, but has made quite a splash overseas.

Feiyan Technology first hired a Wall Street consulting firm, and then found Goldman Sachs and Citi, which had invested in Feiyan Technology.

These two companies were also the companies that previously coached and underwrote Feiyan Technology’s stocks, and they are in the same boat with Feiyan Technology!

"The latest news from Wall Street, a source revealed that Feiyan Technology, currently the world's largest MP3 manufacturer, plans to issue million additional shares to raise over million US dollars for research and development or acquisition of potential companies!
As of today's closing, Feiyan Technology's current share price is US$59.94, with a market value of US$102 billion.

Some people on Wall Street are worried that the additional issuance of shares will cause Feiyan Technology's stock price to fall, which is bad news for Feiyan Technology's stock price..."

Robinson, a CNET reporter in New York, returned home after a day of reporting, took a shower, and immediately started to devour the food.

Reporters' rest time and meal time are not decided by themselves. Especially if they want to interview important figures, they have to follow their schedule.

This was Robinson's first meal of the day, and even though it was fast food like pizza, Robinson swallowed it in big mouthfuls.

Robinson was about to finish his meal and go to bed when he heard the news on New York TV and was immediately attracted.

You know, when Feiyan Technology went public, it was Robinson who initiated an interview with Feiyan Technology on behalf of CNET media!
At that time, when Robinson asked whether the share price of Feiyan Technology could go up, Li Dongling made a three-year agreement with him, claiming that within three years, the share price of Feiyan Technology would definitely go up.

But now, less than three years later, Feiyan Technology's stock price is about to rise to the sky.

Robinson was a witness to all of this. The first time Robinson met Li Dongling was during an interview on the day Yahoo went public. Li Dongling claimed that Yahoo's market value could exceed 1 billion US dollars, and "friendly" suggested that he buy 1,000 shares to test the waters.

Of course, Robinson didn't believe what Mr. Li said.

He has been in the New York media industry for so many years and has seen all kinds of charlatans. Many of those glamorous big shots look serious on the screen, but in private they talk nonsense. There are also too many liars whose moral integrity does not exist at all.

But that time, Robinson was wrong. On the day of Yahoo's listing, its market value exceeded $1 billion, just as predicted by a great philanthropist. When Feiyan Technology went public, Robinson was faced with Li's "proposal" again. He finally couldn't help but buy $30,000 worth of Feiyan Technology shares when Feiyan Technology went public.

And now, this deal has given him enough returns. In less than two years, the value of Feiyan Technology stocks in his hands has risen to 200,000 US dollars!
Now Robinson is a staunch supporter of Feiyan Technology. Not only him, but also those who bought Feiyan Technology stocks and have held them until now, are the same!

In his reporting articles, Robinson always used flattering words whenever Feiyan Technology was mentioned, and he wanted to praise the company to the sky.

He wasn't bragging about Feiyan Technology, he was clearly bragging about his own stock account!

Now that he saw Feiyan Technology was going to issue additional shares, Robinson’s first thought was not that Feiyan Technology’s major shareholder was going to make a lot of money, but rather, was Feiyan Technology going to make a big move?
After all, Feiyan Technology’s stocks are so attractive, as it has Internet concept businesses such as Himalaya Radio and Internet Music.

There are also mini radio and MP3 businesses, which makes Feiyan Technology's revenue unique among Nasdaq Internet concepts!
This is a stock with both a good concept and revenue, and it has just released a product that is considered to be the most important in the history of music players. If you use your brain, you will know that it is impossible for the major shareholder to cash out and run away at this juncture.

Issuing additional shares at this time obviously means there is a big project!
When Robinson saw the news about Feiyan Technology's additional stock issuance, his first thought was not to sell the stocks he had quickly, but to think about whether he could take advantage of the drop in Feiyan Technology's stock price to buy some Feiyan Technology shares?
With these thoughts in mind, Robinson habitually turned on his computer, logged into his blog account, and began to whitewash Feiyan Technology. No, he was expressing his thoughts on Feiyan Technology's additional stock issuance.

At this time in America, there were already many blog sites, each with a different model, but basically they had the prototype of a blog, which was somewhat similar to Weibo.

Robinson praised Feiyan Technology in his blog account, and believed that Feiyan Technology's additional stock issuance was entirely for the future of Feiyan Technology...

The next day, when Fu Cheng, who was at the headquarters of Hanxi Feiyan Technology, received the news from America, he was stunned by what he heard.

The news about Feiyan Technology's stock issuance and financing released by America was of course released by Feiyan Technology through an American consulting company on its own initiative, with the purpose of testing the reaction of the investment industry.

Fu Cheng is prepared for the decline in Feiyan Technology's stock price.

Unexpectedly, what I waited for the next day was not the news that Feiyan Technology’s stock price fell, but after the opening, Feiyan Technology’s stock price went up all the way, breaking through the $65 mark...

This magical scene made Fu Cheng unable to understand this world. Feiyan Technology was ready to reap the profits, but the profits were crying and shouting to defend the stock price of Feiyan Technology.

He even took the initiative to defend Feiyan Technology, claiming that Feiyan Technology's issuance of additional shares was not to make money, but to seek benefits for investors who bought Feiyan Technology's shares!

In addition, according to the Wall Street consulting firm hired, there are also responses from Goldman Sachs and Citi, the two major shareholders of Feiyan Technology.

It is not only small investors like Robinson who are optimistic about Feiyan Technology. Many American investment institutions, state pension funds, and American celebrities and powerful figures also seem to be interested in taking over the additional shares of Feiyan Technology.

Even Goldman Sachs and Citigroup seemed to be interested in taking over Feiyan Technology's $800 million share issuance.

Apparently, Nasdaq is even more optimistic about Feiyan Technology than China...

But if you think about it, all those Internet concept stocks on Nasdaq are just junk.

After the Internet bubble burst, as many as seven or eight hundred of the rotten Internet concept stock companies on Nasdaq went bankrupt, and less than one in ten Internet companies survived.

Compared with those companies, Feiyan Technology looks more promising. At least it has a lot of solid stuff in its hands and does not rely entirely on bragging. The investment institutions on Wall Street also know which Internet companies are relatively reliable!
After hearing the news from America, Fu Cheng was stunned, and his first reaction was, could it be that the scale of financing this time was small?
However, this additional stock issuance and financing is only the first step for Feiyan Technology. After taking this step, Feiyan Technology will start issuing additional stocks in various ways, just like Yahoo and other companies!

As the saying goes, if you don’t use your power, it will expire and become a waste. This kind of Internet craze period is estimated to only come once every ten years or so. Feiyan Technology must seize the opportunity!
Li Dongling heard Fu Cheng's excited call and said that Feiyan Technology's first share issuance even had a sense of being snatched up, and Fu Cheng and Feiyan Technology intended to use the raised money to acquire Harman International!
Harman International owns AKG headphones, one of the world's three largest high-end headphone brands. After acquiring Harman International, Feiyan Technology directly filled the gap in the headphone market.

Well, the famous Manhattan Audio in the previous life was owned by Harman International!
In the next one or two years, Feiyan Technology can try this approach, or even pull off a merger of the century and swallow up an American record giant. It is not impossible!

For Mr. Li, there are many things to do in this upcoming Internet feast, including selling the Internet companies invested by the Zhixing Foundation to the largest stockholder on Nasdaq - Yahoo!

(End of this chapter)