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

"Mr. Chen, today's discussion was very fruitful. Shall we find a place to eat and talk some more?"

With the business concluded, Wang Jun's professional, fake smile became more sincere, and he took the initiative to extend an invitation.

For venture capital firms like IDG, a "nouveau riche" like Chen Feng with huge cash flow is definitely someone worth getting to know better.

Even if there are no projects to cooperate on now, getting to know someone can make them a potential investor or benefactor in some future project.

Chen Feng naturally wouldn't refuse such an opportunity to expand his network.

"Great! It's my honor to have Representative Wang grace us with his presence. Tonight, it's my treat!"

Chen Feng laughed heartily, then changed the subject, seemingly casually mentioning, "By the way, Representative Wang, if your company plans to sell off the remaining shares in the future, please remember to let me know as soon as possible."

"I have a special fondness for this penguin."

Wang Jun pushed up his glasses and gave Chen Feng a meaningful look: "President Chen seems to have a lot of confidence in Tencent's future."

"Investing, in essence, is gambling."

Chen Feng smiled, his eyes sweeping over Ma Huateng and Zhang Zhidong beside him, and said firmly, "I am optimistic about this track, and even more optimistic about Mr. Ma and Mr. Zhang's team, so I am willing to bet on them."

"Hehe, Mr. Chen's words are very insightful."

Wang Jun echoed, but in his heart he thought to himself, "This young man is probably blinded by the huge profits of online games. Does he really think anyone can become the next Yahoo?"

Ma Huateng and Zhang Zhidong, who were standing nearby, felt a warm glow in their hearts as they listened.

At a time when even they themselves are confused and even doubting their own lives, someone can stand so firmly behind them.

They not only give money, but also trust.

This act of kindness and recognition moved them even more than the tens of millions of dollars in investment.

......

After the dinner, both parties consulted lawyers and drafted an equity transfer agreement.

Sign and stamp.

Chen Feng promised to transfer six million US dollars into IDG's account within a week.

This amount is only 50 million RMB.

For Chen Feng now, it's just a month's net profit from "Legend of Mir," which is no problem at all.

At this point, Chen Feng held a 30% stake in Tencent.

Although he didn't manage to acquire all of IDG's shares in one go, his position as the second-largest shareholder is enough to give him significant influence on future board meetings.

After handling this major matter, Chen Feng did not linger in Shenzhen and flew back to Shanghai the next day.

Upon landing, he went straight to the R&D center of "Fengtian Technology".

Zhou Hai was leading a group of technicians in a busy work session in the laboratory.

Seeing Chen Feng come in, he put down the circuit board in his hand, his face showing some fatigue, but his eyes were very bright.

"Mr. Chen, you've come back just in time."

Zhou Hai welcomed Chen Feng into his office and got straight to the point, saying, "We have already completed the preliminary bill of materials for the high-end F1 aircraft."

"However... there's a problem."

Zhou Hai looked troubled. "If we strictly follow your requirements and use only top-of-the-line components, the cost... will be a bit uncontrollable."

"Oh? How much exactly?"

Chen Feng raised an eyebrow and pulled over a chair to sit down.

Zhou Hai opened his laptop and pointed to the data, saying, "The biggest problem is the hard drive. We contacted Toshiba, and they are willing to supply it, but the price for a 1.8-inch micro hard drive is $72."

"Then there's the screen, which costs a little over $20, the decoding chip $10, the main control chip $8, and then there's the battery, casing, button module... all sorts of miscellaneous items, and the material cost is already close to $200."

"$200?"

Chen Feng did the mental calculation and it came to about 1,600 RMB.

"This is just the cost of the bare metal."

Zhou Hai smiled wryly, "Including R&D amortization, production losses, packaging and transportation, and channel revenue sharing... for this machine to break even, the retail price would have to be at least 2300, or even 2600."

"Mr. Chen, this costs over two thousand yuan! How much is a regular worker's monthly salary these days? Will anyone buy something this expensive?"

After listening, Chen Feng tapped his fingers lightly on the table, lost in thought.

A price of 2,600 is indeed a threshold in this era.

But then he thought, what is the positioning of F1?

It is a high-end flagship product, a benchmark product that is comparable to or even surpasses foreign goods.

People who can afford this are either rich kids who follow trends or tech enthusiasts.

For this group of people, there is no essential difference between 2,300 and 2,600, or even 3,000.

They're willing to pay as long as the product is good enough, cool enough, and flashy enough.

Conversely, if performance is sacrificed to reduce costs, resulting in a half-baked, incomplete product, that would be a real disaster.

Being stuck in the middle not only damages the brand but also drags down the low-end market.

Moreover, the MP3 market is currently a blue ocean, with virtually no formidable competitors.

If that ugly and clumsy Rio can sell for nearly two thousand, why can't his F1 sell for even more?

Having figured this out, Chen Feng's brows relaxed.

"Director Zhou, there's no need to worry about costs."

Chen Feng looked at Zhou Hai with unwavering determination. "Since F1 is positioned as a high-end product, it must be perfected. Even if it sells for three thousand, as long as it's worth that price, it won't have trouble selling."

"We're not trying to compete on price with counterfeit products; what we're trying to do is define what the best MP3 player is."

"As for high sales volume, that's the task of the T series. The T series uses a flash memory solution, which can keep the cost to a few hundred dollars, and that's what's for ordinary people."

With the boss's word on it, Zhou Hai's concerns immediately disappeared.

As a technician, who wouldn't want to use the best materials to create the most outstanding product?

Previously, I was constrained by cost control at my old company and always had to be stingy. Now I can finally go all out and do something big.

"Alright! Since Mr. Chen is so decisive, I'll go for it without hesitation!"

Zhou Hai nodded excitedly, "Then the F1 configuration is settled, all top-of-the-line models!"

"Um."

Chen Feng responded and then asked, "How's the exterior design? And how's the touch wheel being tested?"

"We went through several rounds of internal competition on the exterior design, and finally selected the most stunning one."

Zhou Hai smiled mysteriously, "As for the touch wheel, the circuit logic has been tested and working. Give me three more days, and the first engineering prototype can be assembled."

"You'll definitely be pleasantly surprised!"

"Okay! I'll be waiting for your good news!"

Chen Feng stood up, patted Zhou Hai on the shoulder, his eyes full of anticipation.

Three days later, the groundbreaking product will finally be launched.