Reborn since 1993

Chapter 579 Dog bites dog

When the news came out that Shenzhou electronic dictionary entered the South Asian market and was accepted by local users, domestic companies such as BBK, Amoi, Haier, TCL, Japanese companies such as Casio and Sharp, and Korean companies such as LG and LG all began to turn their attention to this red ocean.

If before, old technology companies like Sharp did not pay much attention to the electronic dictionary market, now, after seeing that this could be an industry with annual shipments of tens of millions of units and revenues of billions of dollars, these companies inevitably began to become jealous!
However, when old companies such as Sharp and LG were still waiting and watching, the news surrounding the Shenzhou electronic dictionary surprised them a little.

"This newspaper has received the latest news that the Ning's Trading Company in Gangcheng has placed an additional order of over 800,000 units, including corresponding spare parts, with a total value of over 90 million US dollars from Hanxi Dongling Hi-Tech, the parent company of Shenzhou Electronic Dictionary!

To meet the market demand in Hong Kong, Singapore, Siam and other places.”

The Oriental Daily in Hong Kong City broke the news that an agent in Hong Kong City alone placed an order for nearly one million electronic dictionaries with Dongling Hi-Tech.

"The Korean agent of Shenzhou Electronic Dictionary has placed a third additional order. Korean media estimates that the demand for electronic dictionaries in the Korean market will exceed one million units next year!"

"According to the Japanese newspaper Asahi Shimbun, the three major distributors of Shenzhou electronic dictionaries in Japan, Bandai, Softbank, and Nippon Telephone and Telegraph Company, have placed orders for electronic dictionaries with Dongling Hi-Tech, with the cumulative orders exceeding 1.8 million units.

Bandai's marketing department announced that it expects the demand for Japanese electronic dictionaries to reach a record three million units next year!

"Asan's agent placed an order for more than 45 electronic dictionaries with Dongling Hi-Tech, but Dongling Hi-Tech required a cash transaction. According to rumors, San's agent wanted to place an order for one million machines at once with Dongling Hi-Tech, but asked for pre-sales first and payment later, which was rejected by Dongling Hi-Tech!"

……

"At present, Tanglin Hi-Tech's electronic dictionaries are still in extreme shortage. Singapore's United Daily News and other overseas media have estimated that, excluding inland orders, Tanglin Hi-Tech has received more than 405 million orders from overseas alone!

If these orders are executed, they will all be traded in foreign currencies such as US dollars, Japanese yen, Korean won, Singapore dollars, Thai baht, and ringgit, with a total value of over US$400 million.

In addition, the SD memory card developed by Shenzhou Storage is also popular overseas because of the Shenzhou electronic dictionary. It is suitable for electronic products such as digital cameras and mobile phones. The total overseas orders have now exceeded 100 million US dollars!
Experts in the storage device industry have estimated that the blue ocean market for SD memory cards may have just opened up, and the demand for SD in the electronic equipment industry may continue to explode, with SD cards expected to reach or even surpass the USB flash drive market!
The patents and key technologies of the SD card were independently developed and mastered by Shenzhou Storage, the company that invented the USB flash drive. It is one of the most important inventions in my country's science and technology this year..."

Inside BBK Electronics, Duan Yongping and his colleagues were watching the central media reports on TV. They were all a little numb to the fact that the Shenzhou Electronic Dictionary was selling like crazy overseas.

Although it was not reported in the evening news, the central media used a full twelve minutes of news time to report on the Shenzhou electronic dictionary, which is enough to show the importance that Yanjing attaches to this product.

It would be fine if the products sell well in China, but the foreign orders earned us foreign exchange. High-tech products are famous for their high added value.

Although Dongling Hi-Tech has not disclosed the cost of producing a Shenzhou electronic dictionary, it is conservatively estimated that Dongling Hi-Tech makes a profit of 30% for each Shenzhou electronic dictionary sold, and possibly even more than 40%.

For China, which is still short of foreign exchange, let alone the fact that the Shenzhou electronic dictionary is profitable, even if it loses money, a Shenzhou electronic dictionary machine, plus the Shenzhou storage SD card, protective casing, and USB data cable, can bring back nearly one hundred US dollars in foreign exchange to China!
Just by delivering the overseas order of four million machines, after the settlement by Dongling Hi-Tech, the Foreign Exchange Department will be able to increase its reserves by US$400 million.

If one were to export clothes, hats, shoes, toys and the like in exchange for US dollars, then even exporting a few large cargo ships might not earn that much, and the manufacturers might even be selling at a loss, and would need domestic export subsidies to make a profit.

"I heard that Korean and Japanese manufacturers such as LG, SK, Sharp, Casio, Canon, Citizen, and Sony are also interested in entering the electronic dictionary market!"

Duan Yongping's disciple Chen Mingyong said that everyone in the technology industry knows that there has never been any smoke without fire.

There are rumors coming out, it must be these overseas giant companies that have this idea, and they are releasing rumors to test the waters, or they are contacting relevant parts suppliers, there are more or less rumors coming out.

Don’t ask how BBK knew this, because BBK does the same thing. These days, BBK has actually been preparing a research and development team to develop its own electronic dictionary.

We have also had contact with Dongling Hi-Tech Parts Industry Chain Company and wanted to purchase parts from there. After all, they are all ready-made. We just need to design a shell, buy the parts, assemble them, print the LOGO, and basically start selling them.

When watching the news on TV and hearing that Korean and Japanese companies were all following the trend of Dongling Hi-Tech, Duan Yongping never thought that one day he would see Japanese and Korean companies following the trend of domestic products! In the past, when a foreign product was released, domestic companies would copy, imitate, and follow the trend, and then be ridiculed by the overseas media, saying that domestic companies were all "thief" companies that could only copy and plagiarize products from Japanese, American, and old European companies.

But after the emergence of Dongling Hi-Tech, it has completely broken the inherent views of Japanese and Korean media on domestic technology products!
Duan Yongping thought about it carefully and realized that Dongling Hi-Tech seemed to have been leading the trend in the technology industry since the day it was founded.

In recent years, the mechanical scroll mouse, electronic pet machine, PHS mobile phone, mini radio, Shenzhou USB flash drive, SD memory card, Shenzhou electronic dictionary, etc., which are popular in the technology industry, were all first developed by Dongling Hi-Tech.

Among them, except for the digital cordless telephone, in which Dongling Hi-Tech and Siemens clashed and both sides claimed to be the first to develop it, the rest, in the domestic technology industry, can be undisputedly recorded in the history books, and Dongling Hi-Tech is the first developer of these products!
When Dongling Hi-Tech developed new products, domestic and even overseas manufacturers began to imitate them.

All the prejudices and tinted glasses that were previously placed on domestic products have become invalid in front of Dongling Hi-Tech.

"Will Dongling Hi-Tech agree to allow those manufacturers to produce electronic dictionaries?" Duan Yongping asked in return.

Among many things, the most important thing is creativity. To be honest, are the products launched by Dongling Hi-Tech in recent years technically difficult?
The answer is obvious. Dongling Hi-Tech has only been established for a few years. How could it have so much funding to develop technologies that are unique in the world and decades ahead of its peers?

Many companies disassemble Dongling Hi-Tech's products and basically make them by reverse engineering.

The most important thing for Dongling Hi-Tech is innovation. It uses not-so-leading technology to develop new products. Before Dongling Hi-Tech makes them, other companies can’t even think of them. This is the advantage of Dongling Hi-Tech!

Although Dongling Hi-Tech is not much ahead in technology, the patents are in the hands of Dongling Hi-Tech.

This year, Dongling Hi-Tech just had a big fight with Lianxiang, a group of companies that infringed on the patents of Shenzhou USB flash drives, and almost dismantled Lianxiang. At this time, who dares to offend and use Dongling Hi-Tech's patents to produce and sell electronic dictionaries without Dongling Hi-Tech's authorization?
BBK is also a little worried. Even if it can produce the electronic dictionary, it will not dare to act rashly if it cannot obtain patent authorization from Dongling Hi-Tech, because Dongling Hi-Tech has already demonstrated that it really dares to raise the knife and chop off the opponents who do not follow the rules!
"If Tanglin Hi-Tech can sue any one of Sharp, Sony, Canon, Citizen, and LG, can it dare to offend all of them?"

Another disciple of Duan Yongping could not help but say that in China, Dongling Hi-Tech's influence is unquestionable. Just look at today's central media news reports to see how much foreign exchange Dongling Hi-Tech can earn for China. Everyone knows who will suffer more if China and Dongling Hi-Tech fight.

But the situation overseas is different from that in China. Dongling Hi-Tech is tough, but those overseas giant companies are not pushovers. It is possible to file a patent lawsuit with one company, but which company dares to offend so many giant companies?

"Why do you think Dongling Hi-Tech doesn't dare?"

Duan Yongping asked the disciple who had just spoken meaningfully, leaving the latter with a look of astonishment.

"If companies like Sharp and Casio launched a large number of electronic dictionaries without the patent authorization from Dongling Hi-Tech, who would be the first to get anxious?" Duan Yongping asked.

"Is it... those overseas distributors of Shenzhou electronic dictionaries?" Chen Mingyong said after a moment's thought.

Duan Yongping neither admitted nor denied it, but just said, "I have to admit that in terms of layout, no one in China can match the founder of Dongling Hi-Tech!"

Shenzhou Electronic Dictionary has actually kidnapped its overseas agents. The Shenzhou Electronic Dictionary agents in Korea, Japan, India and other places are selling products at a price one or two times higher than Dongling Hi-Tech's supply price, and they are making crazy profits.

If a large number of electronic dictionaries suddenly appear and there is no shortage of them on the market, will those agents still be able to sell electronic dictionaries at high prices?
At that time, will the overseas agents who have lost their source of income fight desperately?
"BBK, before launching the electronic dictionary, must find a way to obtain patent authorization from Dongling Hi-Tech!" Duan Yongping instructed a group of BBK executives.

……

"Is this the new production line for Shenzhou electronic dictionaries?"

He Heng, director of the Foreign Exchange Department, rushed to Pingyang and went directly to the Dongling Hi-Tech Electronic Industrial Park.

(End of this chapter)