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

Fengtian Technology's success in acquiring market share naturally attracts the envy of countless hungry wolves.

In a short time, major domestic and foreign electronics manufacturers launched projects, determined to enter the blue ocean market of MP3 and get a share of the pie.

Surrounded by wolves, Chen Feng remained unusually calm.

At the high-level strategic meeting, he reassured everyone.

"Hardware is easy to imitate, but ecosystem is hard to copy."

Chen Feng pointed to the world map behind him, "In the European and American markets, we hold the trump card iMusic, which is an exclusive license from two major copyright associations."

"If competitors want to enter the market, the copyright lawsuits alone will be enough to give them a hard time."

"If they want to wage a price war, we'll fight them to the bitter end. Even if hardware profits are diluted, we can still recoup our losses through value-added services, which is an advantage that competitors who rely on a single approach cannot match."

Subsequently, Chen Feng issued a new strategic directive.

"From now on, we will begin acquiring digital music copyrights from major domestic record companies."

These words caused an uproar in the conference room.

Zhao Ya couldn't help but speak up: "President Chen, you're aware of the situation in China. Piracy is rampant; you can easily buy pirated DVDs for five yuan a piece on the street, and download them online. At this time, isn't spending a lot of money on legitimate copies a bit... wasteful?"

"On the contrary, this is called bottom fishing."

Chen Feng's gaze was profound. "It's precisely because piracy is rampant that copyrights are worthless now, practically dirt cheap. Once the market becomes more regulated, they won't be worth this much anymore."

Although he was not a reincarnated individual, business principles told him that with China's deepening integration into the WTO, the protection of intellectual property rights was an inevitable trend.

"Moreover, even after we bought the copyright, we still made it available for users to download for free."

Chen Feng added, "But we provide high-bitrate, genuine audio sources, with sound quality far exceeding that of inferior pirated versions. We retain users with a better experience while simultaneously building our brand image of supporting genuine products. No matter how you look at it, this deal is a win-win."

This explanation convinced the management team.

Once implemented, the results were surprisingly good.

Domestic record companies were suffering greatly from the impact of piracy, and they were overjoyed to hear that a "sucker" wanted to buy digital copyrights.

They didn't even haggle much before selling the music library to Fengtian Technology at an extremely low price.

In their view, this was money they had picked up for free.

In Chen Feng's eyes, this is a nuclear weapon stockpiled for the future.

......

In mid-January, the cold wind was biting.

Lin Wan, who had just returned to China after completing her term in Europe, knocked on Chen Feng's office door, looking travel-worn.

"Mr. Chen, I would like to ask you to take a look at some data."

Lin Wan got straight to the point, handing a well-organized industry analysis report to her desk.

Chen Feng took the document and looked through it, his gaze lingering on a set of bolded data.

"TCL Group's net profit last year was less than 18 billion yuan, of which the mobile phone business alone contributed 15 billion yuan? That accounts for more than 80%?"

Chen Feng raised an eyebrow, somewhat surprised. "TCL, which started by making televisions, is now making a living from mobile phones?"

"Yes, not just TCL."

Lin Wan added, "Domestic brands like Bird and Konka also achieved sales exceeding several billion yuan last year. Although Nokia and Motorola currently dominate the market, the boom period for domestic mobile phones has arrived."

"Mr. Chen, you've always said that Fengtian Technology will enter the mobile phone industry in the future. Since the market is so hot right now, and we have plenty of cash flow, why not enter the market now?"

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

His original plan was to wait a few years until the smartphone era began, and then use his capital and technological advantages to launch a devastating attack.

After all, the current mobile phone market is a fiercely competitive red ocean.

But the data provided by Lin Wan was indeed tempting.

TCL's success proves that in this chaotic era, as long as the product is passable, one can earn astonishing profits.

Moreover, entering the market early allows for team building and the accumulation of supply chain resources, laying a solid foundation for the future smartphone wars.

"you're right."

A decisive glint flashed in Chen Feng's eyes. "It would be foolish not to make money when there is an opportunity. Now that the opportunity has arrived, we have no reason to be absent."

"Call Xu Kai over, I want to approve the project."

......

A moment later, Xu Kai, the CTO, rushed over.

When asked by his boss about his "technical reserves," Xu Kai looked troubled.

"Mr. Chen, to be honest, because our focus has been entirely on MP3 players, we only have some basic peripheral technologies for mobile phones. As for core motherboard design and chips, we are still completely undeveloped."

"As expected."

Chen Feng did not blame him; instead, he provided a clear roadmap.

"Starting today, we are establishing a mobile phone business unit. You will personally lead it, drawing elites from the R&D department and poaching talent from the market with high salaries. Whether they are top domestic experts or overseas specialists, as long as they have the technology, offer them stock options and high salaries as you please."

"In addition, we will establish the Fengtian Research Institute to focus on core technologies."

"Before we develop our own results, we can take the trade-industry-technology route and purchase mature solutions for assembly."

At this point, Chen Feng's tone became stern: "However, there is one red line that must be upheld—quality."

"Fengtian Technology's high-end brand image, built on MP3 players, is priceless. I won't allow myself to ruin my reputation by producing a bunch of shoddy OEM products just to make quick money."

"Even if the listing is delayed, even if the cost is higher, we will either not do it at all, or we will do it to the best of our ability."

Xu Kai was filled with respect: "Understood! I will definitely ensure strict quality control."

Lin Wan nodded in agreement: "Our brand is our biggest moat, and we really can't afford to lose sight of the bigger picture for the sake of small gains."

......

After reaching an internal consensus, Chen Feng immediately convened a board conference call.

Shareholders had mixed reactions to the proposal to enter the mobile phone market.

Shanghai Science and Technology Innovation Center, as an ally of Ironclad, provides unconditional support.

Having tasted the success of MP3s, IDG blindly admired Chen Feng's business acumen and readily voted in favor.

Sequoia Capital, however, had some concerns, believing that the competition in the mobile phone industry was too fierce and that crossing over into another industry was too risky.

However, given Chen Feng's tough stance and his undefeated track record, Sequoia ultimately chose to compromise.

The resolution was passed.

With a wave of his hand, Chen Feng approved a special fund of 10 billion yuan.

This huge sum of money acted like a shot in the arm, enabling the entire Fengtian Technology to quickly get back into operation.

Headhunters are out in force, offering high salaries to poach talent.

Before the Spring Festival, a strong and well-equipped mobile phone R&D team had already taken shape.

Although core technologies still require time to develop, Fengtian Mobile's first prototype is already in the works thanks to its strong supply chain integration capabilities.

......

At the end of January, the damp and cold air in Shanghai was penetrating everywhere.

With the Spring Festival approaching, Chen Feng was preparing to finish his work and take a break when Lin Wan hurriedly knocked on the office door.

"Mr. Chen, there's an emergency."

Lin Wan, without even taking off her coat, said urgently, "Hasn't our mobile phone project team been in contact with Huawei, trying to seek cooperation in baseband technology and supply chain? They gave us a reply today."

"What did you say? Did you refuse?" Chen Feng put down his pen.

"No, they want to cooperate with us instead."

Lin Wan took a deep breath. "To be precise, it's a plea for help. Huawei asked us if we were interested in investing in them; they desperately need funds to save their lives."

"Investing in Huawei?"

Chen Feng raised an eyebrow; this was something new.

Lin Wan gave a wry smile and placed a thick research report on the table: "However, their conditions are extremely harsh, even to the point of being outrageous. They only sell—virtual restricted shares."

"They have no voting rights, do not participate in management, and are even strictly restricted from auditing. These shares cannot be transferred or inherited. If we want to withdraw in the future, Huawei can only repurchase them at net asset value."

"In other words, we provide the money, they get a share of the profits, and that's it."

Chen Feng listened thoughtfully.

This shareholding structure is indeed unique.

Lin Wan continued her analysis: "I specifically asked someone to investigate Huawei's situation. Their current predicament can only be described as their darkest hour."

"A few years ago, they went all in on GSM R&D and almost ruined the company. After finally getting the product out, giants like Ericsson and Nokia started a price war in Europe, selling equipment for less than cabbage, effectively blocking Huawei from entering the country."

"There are also many internal problems. Mr. Ren feels that the company's management is chaotic. Even when the cash flow is so tight, he still wants to spend 40 billion RMB to hire an IBM consulting team to carry out some kind of IPD integrated product development transformation. I heard that one of the IBM consultants is paid as much as $680 per hour, which is more than the monthly salary of a Huawei vice president!"

"To make matters worse, just five days earlier, on January 24, Cisco filed a lawsuit against Huawei for patent infringement in the U.S. District Court for the Northern District of Texas. The 77-page lawsuit pushed Huawei to the brink of disaster. As a result, several major European customers have suspended their cooperation."

"Huawei right now is a powder keg that could explode at any moment."

After listening to Lin Wan's detailed report, Chen Feng tapped his fingers lightly on the table, lost in thought.

If it were an ordinary investor, they would probably have avoided this project, which is beset by internal and external troubles and has restricted equity.

But Chen Feng is no ordinary person.

He clearly remembered that his son, Chen Xiaotian, mentioned this company several times in his heartfelt words.

According to his son, Huawei will be the undisputed technological leader in China in the future, and its communication equipment will make even the United States wary.

A behemoth with a future market value of trillions is now struggling with a few hundred million dollars in funding.

This isn't putting out a fire, it's clearly picking up the scraps!

As for restricted shares?

Chen Feng didn't care at all.

He was originally a financial investor and had neither the energy nor the interest to get involved in Huawei's management.

As long as you can get on board this future aircraft carrier, you'll be rolling in dividends.

------

Happy New Year everyone! And may 2026 bring us the greatest wealth and the end of all our troubles!

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