Rebirth 08: Rise from copycat phones

Chapter 264 Never Give a Third Chance
In Shenzhen Anhua, Songhua Industry, the boss Fang Quantong stood in the office building and looked at the huge factory below!
Songhua Industry is the result of his fifteen years of hard work. As a professional OEM factory, it started with early tape players, and then got involved in MP3 and MP4 OEM. Then in 06, it decisively entered the mobile phone OEM field, specializing in OEM for major copycat mobile phones in Huaqiangnan.

The company then continued to grow and develop, and by 08 it had achieved an annual production capacity of one million feature phones.

After entering 09, the company teamed up with Wecoo Electronics and began to produce Wecoo-branded feature phones for Wecoo Electronics.

At that time, although the era of smart phones had already been fully launched, the market for feature phones was still very hot and sales were huge.

Although Weiku Electronics has gradually transformed into smartphones, it has not given up its feature phone business. Instead, it continues to produce and sell feature phones and has begun to enter overseas markets.

People only know that Vico Electronics is a big manufacturer in the field of smartphones, but few people pay attention to the fact that Vico Electronics also has a considerable part of feature phone business. In the 10 years of its peak, Vico Electronics' feature phone shipments reached more than million units, and it also opened up the Southeast Asian, Indian and African markets.

Songhua Industry, as one of the main feature phone OEMs of Wecoo Electronics, has expanded rapidly in just two years, increasing its feature phone production capacity from one million units per year to ten million units, increasing the company's production capacity tenfold.

It has become one of the few first-class feature phone OEM factories in the Huaqiang South area.

These days are quite prosperous.

But starting this year, Huasong Industry has felt the pressure... because the orders for feature phones from Weiku Electronics have been decreasing, and the orders from other copycat phone manufacturers have also been decreasing.

More importantly, Weiku Electronics has clearly stated that by the end of next year at the latest, it will completely stop its feature phone business.

Fang Quantong can understand Weiku Electronics' choice. After all, feature phones are indeed not profitable nowadays. The unit price is getting lower and lower, and the sales volume is also getting lower and lower.

It is only a matter of time before Weiku Electronics stops this part of its business.

But if Weiku Electronics stops this part of the business, what will happen to Huasong Industrial?
-

For Wecoo Electronics, feature phones are cheap and have very low profits, so although they seem to sell a lot, the overall revenue and profits are not very good.

Especially for manufacturers like Weiku Electronics that have already fully entered the smartphone market, the feature phone business is now neither worthwhile nor worth abandoning.

Therefore, not too many resources were invested in the later period, but the company just continued to maintain it to supplement the product line of Weiku Electronics with mobile phones priced below 1,000 yuan. The main product is still the feature phones priced at 500 to 600 yuan.

But now in 13, even feature phones priced at five or six hundred yuan are not selling well. The feature phone business under Weiku Electronics has been forced to reduce the unit price to around three or four hundred yuan, and the consumer group is no longer regular adults, but some students and the elderly.

Because there are already a lot of smartphones on the market priced below one thousand yuan, mainly concentrated in the eight or nine hundred yuan.

In 12, Zhiyun Semiconductor began to supply a large number of W100 series low-end chips and W200 series low-end chips to the outside world, and directly provided a one-stop solution, selling chips, communication basebands, memory, flash memory and other core components as a package.

Moreover, we directly provide the design of public version of low-end smartphones, and make all kinds of adaptations for you, even the motherboard is prepared for you.

Those mobile phone manufacturers with weak strength only need to purchase Zhiyun Semiconductor's one-stop solution, then change the color and simply change the interface of the Android open source system, and then they can make a low-end smartphone and sell it on the market.

At the same time, MediaTek also supplied a large number of low-end mobile phone SOCs and corresponding one-stop solutions to the market this year.

The joint efforts of Zhiyun Semiconductor and MediaTek directly led to the launch of a large number of low-end smartphones starting in the second half of last year, with prices dropping directly from one thousand yuan to seven or eight hundred yuan, or even five or six hundred yuan.

It is worth noting that in this process, it is not the various copycat manufacturers in the traditional sense that dominate the development of these low-end mobile phones, but a large number of domestic first- and second-tier mobile phone manufacturers, including Weiku Electronics, Huawei, Lenovo, Coolpad, Zhongxing and other mobile phone manufacturers.

After these first- and second-rate domestic mobile phone manufacturers collectively switched to making Android smartphones, a large number of low-end smartphones appeared on the market.

These large mobile phone manufacturers also have cost advantages and scale advantages, which makes it difficult for traditional copycat phone manufacturers to switch to making smartphones.

The impact of a large number of cheap smartphones has caused the feature phone business, which the copycat phone manufacturers relied on, to decline significantly, and it has finally failed to recover.

Songhua Industry, a professional OEM manufacturer of feature phones, has also felt that the market winter has begun!
In fact, last year, Fang Quantong, the boss of Huasong Industrial, already knew that the feature phone market would be doomed sooner or later, so he started preparing for the transformation in advance.

To this end, it has invested a lot of money in upgrading equipment, renovating factories, and trying to enter the smartphone OEM market. At the beginning, it also received many orders from copycat phone manufacturers who transformed into smartphones, but these copycat phone manufacturers soon went bankrupt and the order volume could not be increased at all.

As for WeCool Electronics, they would like to continue to rely on it, but WeCool Electronics is no longer the same as in previous years.

Today, WeCool Electronics is the world's fourth largest smartphone manufacturer, second only to the giants Zhiyun, Fruit, and Six-Star. It produces more than 100 million smartphones annually, and is even aiming for 200 million this year.

The smartphone business of Vico Electronics is mainly outsourced to Foxconn, BYD, Luxshare Precision, and Vico Industrial, four domestic and even world-class professional OEM factories in the consumer electronics field.

Although Huasong Industrial has a decent scale and strength in the Huaqiang South area, it is still not qualified.

A number of foundry giants are eyeing and vying for Weiku Electronics' smartphone foundry business. It is not their turn at all and they cannot compete at all.

This situation has led to the current embarrassing situation of Huasong Industrial.

Weiku Electronics' feature phone business continues to shrink, and Huasong Industrial's OEM orders are also decreasing.

The newly developed smartphone OEM business is half-dead.

Huasong Industrial's revenue in the most recent quarter decreased instead of increased. After the Spring Festival this year, Huasong Industrial did not even continue to recruit large numbers of workers as in previous years.

If there are no orders, what’s the point of hiring so many people!
Fang Quantong was facing a large group of factory buildings outside, smoking one cigarette after another with a frown on his face.

At this time, the office door was pushed open, and a man in his early thirties wearing a suit came in. He said, "Dad, I'm back!"

Fang Quantong turned around and looked at his eldest son, who looked exhausted and worried, and said immediately, "It looks like things are not going well!"

Fang Libing said: "Their conditions are too high. Not only do they keep the manufacturing fee very low, but the payment terms are also very demanding. We have calculated that if we really do it, we will not only be working for nothing, but we may even suffer losses!"

"I also visited their company for a few days and checked the sales of their latest flagship products. Their company's current situation is not optimistic. Not only has their smartphone business never taken off, but the market has continued to shrink. They have been beaten back by the leading manufacturers."

"I also visited several of their supply chain companies. Some of them have not received payment for more than a year, and most of the others have payment terms of more than half a year or even nine months!"

"The reason they are looking for a new foundry is because one of the previous foundries they worked with withdrew due to poor management. I inquired and found out that they still owe the former foundry more than 50 million yuan in foundry fees!"

"I discussed it with Uncle Li from the marketing department and felt that this time they might be trying to get something for nothing and try to manipulate the supply chain and us OEMs to fight to the death!"

"But I've seen several of their new flagship products. To be honest, they don't have any unique advantages. Not to mention the technology, they use Zhiyun Semiconductor's one-stop solution, and they are also targeting the 1,000-yuan blood market. But their brand appeal is not good, and I'm afraid their prospects are worrying!"

Fang Libing sighed: "After thinking it over, we finally decided to withdraw. This cooperation may not only fail to make money, but also cause us a huge loss of at least tens of millions!"

"Dad, what should we do now?" Fang Libing looked up at this time, looking at his father, who in his eyes, was omnipotent in the past. He had turned his family's small OEM factory with only a few hundred people into a large OEM factory with thousands of employees and annual shipments of more than 10 million units.

Fang Quantong threw down his cigarette butt, stubbed it out in the ashtray, took a deep breath and said, "You've worked hard. Next, continue to contact other manufacturers. Don't worry about whether it's profitable or not. Get the orders first, keep the production line going, and try not to stop production!"

"As long as the factory is there, there is still a way!"

After the eldest son left, Fang Quantong lay in the boss chair with his eyes slightly closed!

Recently, their company has been negotiating a foundry cooperation with a domestic second-rate mobile phone manufacturer, but the results were not ideal.

The other party's conditions are too harsh. The harshness of the conditions is actually secondary. The main thing is that the other party is in a difficult situation and cannot save himself.

However, OEM requires advance payment, which can easily be tens of millions or even hundreds of millions of dollars. It’s ok if the other party has a long payment period, but what if the other party can’t sell their mobile phones and has no money to pay the bill?
This is not just a groundless worry for him, but a common situation in the mobile phone market in the past two years.

There are so many different mobile phone manufacturers in the country, and the smartphone market seems to be getting bigger day by day. The market seems to be thriving.

But this prosperity belongs to a few leading mobile phone manufacturers, not to those second- and third-tier mobile phone manufacturers.

Not to mention those small and medium-sized manufacturers that are struggling and have transformed from copycat phone manufacturers, many second- and third-tier domestic mobile phone manufacturers are now half-dead and cannot compete at all.

Today's domestic mobile phone market, not to mention the high-end market, is basically dominated by Zhiyun mobile phones. The S series, A series, and S**X series basically occupy the vast majority of the high-end market.

The rest is occupied by Apple, and then 4-star can also eat up part of the market with the Galaxy series and several other models.

Other mobile phone manufacturers can only focus on the mid-end and low-end markets and engage in brutal competition.

In the mid-range market, the main players are the Zhiyun C series, Xiaolan MAX series, Weiku K series, and several models of six-star mobile phones, as well as some international mobile phone manufacturers, high-end models of domestic first-line mobile phone brands, and Xiaomi.

In the mid-range market, the requirements for brands are also quite high. You can’t just configure the product well and sell it for two or three thousand yuan.

Because there is no room for second- and third-rate mobile phone brands in this market, a large number of second- and third-rate and even some weak overseas brands have flocked to the low-end market of more than 1,000 yuan to compete in order to survive.

In fact, the competition in this market is even more intense.

Brand, cost-effectiveness, channel construction, after-sales service, and advertising are all undergoing all-round competition.

In this market segment, Weiku Electronics is the leader. Its several sub-series of the two brands, Little Blue and Weiku, have very impressive sales, such as the Little Blue digital series, Little Blue M series, and Little Blue P series, which fully cover the market from 800 yuan to 2,500 yuan.

It provides consumers with enough rich choices, especially last winter, when Weiku Electronics made a strategic adjustment to its Little Blue M series and launched the new Little Blue M Youth Edition, with the price directly dropped to 800 yuan, while maintaining a certain hardware cost-effectiveness.

Therefore, the sales of the Little Blue M series youth version are very hot.

Similarly, there are a series of shell-changing brands under Weiku Electronics, such as Weiku mobile phones. Their overall sales volume is not as good as that of the Xiaolan brand, but it is also quite high.

Under the pressure from the two brands under Weiku Electronics, it is not easy for a large number of other mobile phone brands in the domestic market to enter the mid- and low-end market.

First-tier brands are still okay, but second- and third-tier brands are difficult.

In the past two years, many mobile phone manufacturers that were once well-known in the era of feature phones have gradually disappeared from the sight of consumers. They have not yet gone bankrupt, but they are basically facing huge losses and are gradually dying out.

Some of them couldn't make it in the domestic market so they went to explore overseas markets, some simply transformed into other businesses, and others just continued to hold on.

The second-rate mobile phone manufacturers that Huasong Industrial was looking for before were the type that were facing huge losses but were still struggling.

But even OEM factories like Huasong Industry are not optimistic about their future...

Faced with such a domestic mobile phone market, what will be the future of Huasong Industrial?

Fang Quantong closed his eyes and kept thinking in his mind.

Finally, half a day later, he picked up a Zhiyun S11 Pro mobile phone, opened the address book and found the important contacts marked with asterisks.

However, he did not dial the number immediately. Instead, he stared at it, and then various words flashed through his mind. Finally, he took a deep breath and pressed the phone!

He was the most powerful business tycoon he had ever met in his life, and he was also the one who gave Huasong Industrial an opportunity and allowed Huasong Industrial to obtain the feature phone business order from Weiku Electronics.

Bai Qiwen!
With the rapid rise of Wecoo Electronics, Bai Qiwen's business status has risen rapidly. Now he has become a well-known mobile phone tycoon both domestically and internationally. He is even hailed by the outside world as the number one working emperor in China.

He is deeply trusted by Mr. Xu, the world's richest man, and is in charge of Weiku Electronics, the fourth largest smart terminal company in the world.

Although Weiku Electronics is not a listed company and does not announce its specific sales and marketing figures, some external data analysis agencies are still able to analyze and count that in the past 12 years, Weiku Electronics has sold more than million mobile phones, and also has a considerable number of other types of smart terminals, such as tablets and laptops, as well as sales of some miscellaneous ecological chain products, and still has considerable software and Internet business revenues.

Its overall annual revenue is estimated to exceed 20 billion US dollars, firmly securing its position as the world's fourth largest smart terminal device manufacturer.

In addition to being sold well in China, its products are also widely exported to ASEAN, South America, India, West Asia, Africa and other regions.

And Bai Qiwen is the CEO of this giant enterprise!

According to public information, Bai Qiwen was once the most important senior executive under Xu Shenxue. In his early years, he served as the head of the marketing department of Wecoo Electronics. Later, he participated in the establishment of Zhiyun Technology and obtained some options of Zhiyun Technology in the process. Later, as the vice president of Zhiyun Technology, he was appointed as the CEO of Wecoo Electronics.

During this process, Bai Qiwen obtained some options in WeCool Electronics.

It is estimated that the shares of Zhiyun Technology acquired by Bai Qiwen are now worth more than 2 billion yuan.

At the same time, Bai Qiwen also holds some shares of Wecoo Electronics, but Wecoo Electronics is not listed, so the value of this part of the shares is difficult to calculate, but no matter what, it can be worth tens of billions or hundreds of billions.

In just a few years, Bai Qiwen, who followed Xu Shenxue in starting a business, has a net worth of over 3 billion.

He has become the second highest-earning professional manager in the country. As for the highest-earning person... unfortunately, he is also a corporate executive under Xu Shenxue, Ji Chenghe, senior vice president of Zhiyun Group and in charge of the marketing business group.

His net worth now exceeds 5 billion!
He only joined Zhiyun Group in 09, and his average annual income is over billion yuan.

Even without counting the previous ones, according to Ji Chenghe's current salary, he can get salary and options worth more than 10 million US dollars every year.

He is a true working emperor. Compared with him, other so-called corporate executives and professional managers are nothing compared to him!
Compared with him, Bai Qiwen is actually still a level behind him in terms of ability and income!

But whether it is Bai Qiwen or Ji Chenghe, they are actually very far away from Fang Quantong now, even though Fang Quantong himself is not short of money. Over the years, he and his son have made a lot of money from the mobile phone OEM business.

But his status and position are far from being comparable to Bai Qiwen's.

As the phone rang, Bai Qiwen at the headquarters of Weiku Electronics picked up the phone and saw the name: Fang Quantong, the boss of Huasong Industrial.

Of course he knew this person, and he was even quite familiar with him two years ago.

After all, in the early days, Wecoo Electronics mainly relied on feature phone business, and Huasong Industrial was the main OEM factory of Wecoo Electronics' feature phone business, and the two parties had a lot of contact.

However, as WeCool Electronics fully transformed into a smartphone business and its feature phone business became marginalized, Bai Qiwen focused all his attention on smartphones. He no longer cared about the feature phone business, and naturally the two sides had less contact.

After the call was connected, Bai Qiwen was the first to speak: "Director Fang, why did you find so much time to call me?"

"Drinking, we are all old, why should we drink? We can eat, but we have to talk first. I can't drink. There is no other way. My body is not good. The doctor said I can't drink anymore!"

"Okay, no problem, you decide!"

After the two of them exchanged a few brief words, Bai Qiwen hung up the phone.

Although Fang Quantong did not say anything clearly on the phone, he could probably guess why the tone of his voice was different from before.

After thinking about it, Bai Qiwen called his assistant in: "Organize the relevant information about the feature phone business, and also submit a report on the situation from Huasong Industrial!" More than an hour later, Bai Qiwen got the relevant information. After reading it carefully, he finally understood why Fang Quantong's tone was so low.

The company's feature phone business has shrunk significantly, with shipments last year totaling just over 10 million units, and in the first quarter of this year, shipments totaled just 2 million units, with an average selling price of just over 360 yuan, and even thinner profits.

The company is still barely maintaining its operations today, purely due to business inertia and also to continue to support its vast suppliers and give them time to transform.

As for WeCool Electronics itself, it is actually not making much money, and the business department has decided that in the fall, it will gradually stop production and start clearing out inventory to end its feature phone business.

For Weiku Electronics, an era is coming to an end!
He then looked at Huasong Industrial and some other supply chain companies in the feature phone business and found that some had done well in the transformation, while some had failed.

Huasong Industry is a company that has not been very successful in its transformation.

In fact, WeCool Electronics also gave them a chance at the beginning. That was 10 years ago. WeCool Electronics' smartphone business was booming and it was looking for OEM factories everywhere. At that time, Huasong Industry, as an old cooperative enterprise, also became a candidate.

However, WeCool Electronics' requirements at the time were not low. If Huasong Industrial wanted to meet the requirements, Fang Quantong would probably have to gamble his entire fortune.

At that time, Fang Quantong hesitated!

Due to this hesitation, Weiku Electronics soon finalized several other OEM factories, and they had nothing to do with the follow-up.

It was not until last year that Fang Quantong began to transform and try to enter the smartphone business, but it could not enter the supply chain of Wecoo Electronics.

They could only turn to looking for OEM business from other smartphone manufacturers, but the business was still half-dead.

However, without special circumstances, WeCool Electronics will not easily abandon its old cooperative manufacturers. As long as the other party can keep up with its pace, even if there are no large orders, but some small orders that slip through its fingers will be enough for a medium-sized OEM factory like Huasong Industrial to survive.

But the former Huasong Industry has fallen behind!
Now that the other party has come to us again, whether we should lend a helping hand or not depends on the specific situation.

Again, as long as the other party can keep up with the pace, Weiku Electronics will not easily abandon the supply chain companies!
This has nothing to do with personal feelings. It is mainly for the sake of stability and support for the supply chain. If a smart terminal company wants to develop and grow, it will be difficult to do so without the support of a large number of supply chain companies.

Three days later, in a hotel restaurant, Fang Quantong and his son were waiting. The younger Fang Libing was obviously a little worried: "Dad, although we have decided to take a gamble this time, should we leave some for our younger brothers and sisters?"

"After all, the business world is unpredictable. We are just putting all our assets on the line. We won't regret it whether we win or lose. But my younger brothers and sisters haven't started their own families yet. I'm worried about their future lives..."

Fang Quantong said: "Don't worry, I left a few houses for each of them, which is enough for them to live on!"

"Last year, we hesitated, and that opportunity is gone!"

"If we don't show great determination to re-enter the smartphone business, how can the other party trust us?"

"For OEM, customer trust is the most important, especially for big customers like Weiku Electronics!"

After hearing this, Fang Libing went aside to smoke a cigarette and stopped talking.

After waiting for about an hour, Fang Quantong's phone rang. He picked up the phone and answered it immediately. He said with a smile, "Assistant Wang, OK, I'll pick you up right away. Yes, I'll pick you up. This place is big and I'm afraid you'll go to the wrong place!"

"Okay, wait a moment, I'll be down soon!"

After hanging up the phone, Fang Quantong put out his cigarette and stood up: "Come with me to pick them up!"

As he said this, he took his eldest son downstairs to meet someone.

Not long after, he was seen coming up again, bringing Bai Qiwen and several people from Weku Electronics with him.

After arriving at the big private room next door, Fang Quantong and his son entertained them warmly. Fang Quantong sat next to Bai Qiwen, while Fang Libing went to the side and stood next to a supply chain director who came with Bai Qiwen and respectfully called him "brother".

After they sat down, they were treated to some food and drinks, but no alcohol was consumed.

After dinner, they naturally started talking about business matters. Fang Quantong first thanked Bai Qiwen and WeCool Electronics for their care in the feature phone business, and then tactfully expressed his desire to enter the smartphone business.

Fang Quantong took out a document and said, "Boss Bai, this is the wealth that my father and I have worked hard for half our lives. It includes Hong Kong stocks worth 300 million yuan, two villas in Shenzhen, one villa in Hong Kong, and two subsidiaries. We plan to sell or mortgage them all and raise at least 700 million yuan to invest in new businesses!"

"This time, we are determined!"

"Please give us a chance, Mr. Bai!"

After saying that, Fang Quantong stood up and bowed to one side.

Hearing Fang Quantong say this, Bai Qiwen also stood up and helped Fang Quantong up: "Don't be like this, we are all friends, this is too formal!"

After helping Fang Quantong up, the two sat down again. Bai Qiwen continued, "I know what Mr. Fang meant. The principle of WeCool Electronics has always been to grow together with the supply chain. We will not abandon or give up unless there are special circumstances!"

"In the past few years, our cooperation in the feature phone business has been pretty good. Now that the feature phone market is shrinking, it makes sense that we would consider continuing to cooperate with you in the smartphone field!"

“However, this is subject to meeting our set of technical standards.”

"As you know, our products are sold all over the country and even around the world, and we are very strict about quality, output, delivery time, etc."

"And I've also looked at your materials. To be honest, you still can't meet our requirements. As for mobile phones, you can't do it right now. This is not a matter of hundreds of millions of dollars."

"Mobile phones are our core business, so we must be very careful. Moreover, our mobile phone business is too large and the supply chain is highly concentrated. You are too small to do this."

"But as I said before, for the supply chain manufacturers who keep up with our pace, our principle is to support them as much as possible and grow together, so!"

Bai Qiwen pondered for ten seconds and then said, "We have a smart watch project recently. If you are interested, you can discuss the OEM business in this area!"

After hearing this, Fang Quantong was overjoyed and immediately stood up and bowed again, saying, "Thank you, Mr. Bai, for giving us this new opportunity!"

Bai Qiwen waved his hand and said, "It's not about giving you a chance. Even if today's incident hadn't happened, I would have planned to have someone contact you. After all, we've been partners for several years. We can't just abandon you just because the feature phone business is not doing well. That's not how we do things at Weiku Electronics!"

"But I still have to remind you that our smart watch project is a new business, and the OEM requirements are also very high. Your equipment is updated and the technical requirements will be very high. But you don't have to worry about the technical aspects. We will send a professional technical team to assist you in the construction and transformation of the production line, and we will also supply the corresponding professional equipment!"

"All you have to do is cooperate well and prepare the funds!"

As he spoke, Fang Quantong was full of gratitude and said all kinds of nice things.

However, Bai Qiwen did not say much, but stood up and said: "Okay, I see your sincerity. Since you have invested all your assets to follow us at Weiku Electronics, we will not treat you unfairly. I will arrange for someone to connect with you later."

"Don't be so quick to thank me. Whether this will be successful or not depends on the overall conditions. You are not the only OEM factory we are looking for this time. It is still unknown who will get the order."

As he spoke, Bai Qiwen walked out the door, and Fang Quantong followed behind him. However, when he reached the door, Bai Qiwen suddenly stopped, then turned his head and whispered to Fang Quantong: "Do it well, I never give people a third chance!"

After hearing this, Fang Quantong immediately bowed and said, "Don't worry, Mr. Bai, I will definitely seize the opportunity and will never let you down!"

Although Fang Quantong and his son accompanied Bai Qiwen all the way to the elevator and then to the underground parking lot, they also escorted Bai Qiwen to a Maybach car.

After Bai Qiwen and his group left, Fang Quantong stood up straight, then turned around and looked at his eldest son: "See? This is the price of hesitation!"

Fang Libing no longer had that flattering smile on his face. He restrained his expression and nodded: "It's all my fault. If I hadn't stopped him at that time, and if I had decided to take a gamble with Wei Ku, then the situation would have been very different!"

Fang Quantong said: "I don't blame you, I was scared at that time too!"

"I worked hard for half my life to earn this little fortune. At that time, our business focus was on feature phones. We were too optimistic about the market and believed that the smartphone business would not affect the low-end feature phone market for quite a long time. We always wanted to accumulate more and more, make more money first, and we still have plenty of time to transform!"

"But I didn't expect that the price of smartphones would drop so quickly. It's only been a few hundred yuan in just two or three years. Feature phones are already on the decline and disappearing so quickly."

"Times are changing too fast. I feel like I can't keep up with the times. You should learn more and see more. Don't just bury yourself in the factory. You should also learn to open your eyes and see the world. Don't be like me."

"This time, we, father and son, have fought hard to get a new opportunity. I will take charge of the overall matter, and you will be responsible for the specific handover. When you go back, organize capable personnel to contact the other party and try to get the contract as soon as possible!"

"Do it well!"

"We don't have a third chance!"

Fang Libing nodded heavily!
------

However, Bai Qiwen did not feel much about this. This time, Weiku Electronics was preparing to launch the smart watch business. Of course, it was not the high-end smart watch that cost several thousand yuan like Zhiyun Technology, but a low-end smart watch that cost several hundred yuan.

And they are prepared to avoid the young people's market and prepare to open up the student market, or to be more precise, the primary and secondary school student market.

The smart watches they make are not so-called fashion technology products like Zhiyun or Fruit, but children's smart watches, which are mainly used for communication between children and parents.

So they plan to focus on GPS positioning, calls between mobile phones and smart watches, and children's social networking to create a children's smart watch.

As for how the market will perform in the future, they have a certain degree of confidence, but it is actually difficult to say how much they can achieve.

After this business was launched, the prototype has been almost developed and we just need to find a foundry to produce it. Since this business is not very large, we do not plan to give it to a few large cooperative manufacturers, but to several other foundry companies in the ecological chain.

Huasong Industrial was originally a candidate for OEM factory.

Now that Huasong Industry has made this determination, it would be a piece of cake for it to lend them a hand.

Of course, the premise is still that all the standards of Huasong Industrial must be met, and the audit conditions may even be more stringent at that time.

The opportunity has been given, whether the other party can seize it is their own business.

Soon, Bai Qiwen's car arrived at the company's headquarters, the Weiku Electronics Building.

The Weiku Electronics Building is actually the previous Zhiyun Technology Building. After the Zhiyun Group moved to the headquarters park, there was no point in keeping the Zhiyun Technology Building, so it was simply sold to Weiku Electronics.

After WeCool Electronics took over, it renamed the building WeCool Electronics Building and used it as the company's headquarters. In addition, WeCool Trading and several other companies in the WeCool system also continued to have offices here.

Weiku Electronics is a typical light-asset enterprise. It does not have its own factory, and its R&D projects are all focused on finished product design. It does not engage in basic design aspects such as chip design or material R&D. Therefore, they have relatively few R&D departments and fewer employees.

Having a headquarters building in Shenzhen is enough.

Unlike Zhiyun Group, which has many subsidiaries, many R&D departments, and even more R&D personnel, there are more than 40,000 people working in the huge headquarters park, and more than 90% of them are various R&D personnel.

After returning to the company headquarters, Bai Qiwen spent the entire afternoon there. When it was almost time to get off work, he received a call from Xu Shenxue.

Xu Shenxue said on the other end of the phone: "Old Bai, are you busy? If you have nothing to do, come to Yunhai for dinner. I called Old Ji and Old Xie and the others."

Bai Qiwen glanced at the pile of documents on the table and the pile of unprocessed emails in the mailbox, but he said, "Nothing, I'm free, I'll be there right away!"

After hanging up the phone, I walked out the door and took a taxi to the Yunhai Restaurant in the Yunhai Hotel not far away!

Yunhai Restaurant is a place where Xu Shenxue often comes to eat, and he also often stays at the Yunhai Hotel upstairs.

Because they come so often, for the convenience of security measures, and because the company also has a large number of customers who need to provide accommodation, catering and other services, in the spirit of keeping the benefits within the family and making it convenient to arrange customers, etc.

Xu Shenxue simply bought the hotel and its restaurant at a premium.

Today, this more than 30-story Yunhai Building is a wholly owned property of Liuhe Investment.

This five-star hotel has now become the main five-star hotel used by Zhiyun, Weiku and other subsidiaries to receive customers.

However, Yunhai Restaurant is an exception. This Yunhai Restaurant is a private Chinese restaurant with a small number of guests, and is not very suitable for business banquets.

In addition, Xu Shenxue often comes here, so in order to ensure security measures and to avoid being disturbed by a large number of irrelevant people, the restaurant is simply closed to the public and turned into a private membership restaurant.

Currently, it is only open to a very small number of ultra-high net worth members, and only entertains private guests or a small number of friends. It does not accept reservations for regular business banquets and does not even provide high-proof alcoholic beverages.

After getting on the special elevator, Bai Qiwen arrived at the restaurant. A restaurant manager at the elevator door immediately came up to him and said, "Boss Bai, you're here. Boss Xu and the others are here. I'll take you there right away!"

Soon, after arriving at the box and pushing open the door, I saw Xu Shenxue, Ji Chenghe and others chatting on the sofa.

Bai Qiwen immediately put on a smile and walked in quickly: "I'm late, please don't be offended!"

Xu Shenxue waved his hand: "Why are you being so polite? Come over here, we are helping Old Ji with his harem affairs. You have a lot of experience, so give him some advice!"

When Bai Qiwen heard this, he immediately put on an exaggerated smile and said, "I didn't expect that Old Ji, you are still such a person. You even have a harem?"

Ji Chenghe looked helpless: "What harem? I've already said that she is my sister-in-law, just my sister-in-law, don't talk nonsense!"

Bai Qiwen became more interested when he heard this: "Sister-in-law? You're so extravagant? And your wife just graduated, so your sister-in-law hasn't graduated yet, right? How old is she? Tsk tsk, you're a role model for our generation, tell me more about her... Is she pretty? Do you have a photo? Show it to me. Bring her out one day and let me see her. Don't be so stingy, I'm not competing with you for it!"

Xie Jianyong on the side had a sly smile on his face: "I see you want to ask her if she has any pretty classmates or girlfriends!"

Bai Qiwen sat down and said, "Your sister-in-law and I are on good terms, there's no need to do this, but it's you, Old Xie, who's thinking about this!"

At this time, Ji Chenghe, who was standing next to him, had been pulled by Xu Shenxue and others. He took out his mobile phone and flipped through the photos of his sister-in-law.

After looking at the photos, Xu Shenxue immediately laughed and made the decision: "Okay, I've approved her internship application, and you can arrange it later, Old Ji. By the way, if you want, her roommates can also be arranged, and we promise not to tell my sister-in-law!"

After listening to these words, Ji Chenghe was tired after explaining for a whole night and simply stopped explaining.

What else can he say about a bunch of greasy middle-aged people with such dirty ideas?

But then again, his sister-in-law is really beautiful and fits his aesthetic standards very well...

(End of this chapter)