Extraordinary Genius - Chapter 631
Chapter 631 – Returning back to China
When other brands were trying to gain more market shares,Feng Yu’s brands were not in a rush. The production rates were the same asbefore. Although the sales were not declining too much, it was still declininggradually.
Other brands saw Wind and Rain Electronics did not introducetheir new Super VCD player and thought it was just a marketing gimmick. All thecompanies were racing to develop new DVD technologies, and if they succeeded,they might be able to control the market.
Thomas also asked Feng Yu how long more they should wait.Their production lines were already modified and had understood all thetechnologies given to them by Wind and Rain Electronics. They could startmanufacturing the Super VCD anytime.
Feng Yu told him to wait for another 1 to 2 months beforethey introduce the Super VCD player. Now, they should continue to develop theDVD players. The target was to launch the DVD players 2 years after the SuperVCD.
Wind and Rain Electronics was now focusing on developing theDVD optical drive. VCD optical drive was good, but it was still not goodenough. The optical drives supplied to Lenovo could only read data from thedisc and could not write any data into the disc.
Feng Yu wanted the optical drive to have the function ofstoring data into the disc. This way, his optical drives could replace thefloppy disc.
If Feng Yu could monopolize this market, then all the PCmanufacturers had to look for Wind and Rain to cooperate. He will be able togain higher profits.
Of course, Feng Yu wanted Lenovo’s PC to be the first tohave this optical drive. This way, Lenovo would be able to gain more marketshare and increase its brand value. After all, he has shares in this company.
Give Lenovo the authorization to use the patent? Of coursenot. But Feng Yu was willing to exchange this patent for more shares.
Lenovo will not reject this offer as they knew this wastheir opportunity to enter the world market. Their brand value and profits willalso increase. They will be willing to give up some shares in exchange.
Even if Lenovo does not want to trade, Feng Yu could top upthe offer with cash. As long as Lenovo was willing to sell its shares, Feng Yu wouldbe ready to buy! Not only Lenovo’s brand and technologies, but Liu Chuanzhi wasalso crucial. Feng Yu felt that Liu Chuanzhi was more critical than Lenovoitself.
Time passes very fast, and it was June. As an exchangestudent, Feng Yu handed a few assignments and took a simple exam. He does notneed to worry about the rest of the paperwork.
This year’s May holidays, Li Na did not come to Hong Kong.It was because Feng Yu had returned to China and went to look for her. It wastheir 3rd year, and they had lots of lessons to attend. Feng Yu mustget back to Beijing soon.
As the most prominent exchange student who went to Hong Kongfor 2 semesters and Beijing University’s special treatment student, Feng Yu didnot leave a deep impression with the Hong Kong University. It was due to himskipping lots of classes.
The classes Feng Yu attended the most was Professor Liang’sclasses. He was not able to recruit Professor Liang, but luckily ProfessorLiang had agreed to help him if he were to face the overseas financialpredators in the future.
Feng Yu biggest gain from this trip to Hong Kong knew a fewHong Kong Tycoons’ second generations. Some of these wealthy second generationswere really good for nothing and some, like Li Zekai, were outstanding. Thesewere all Feng Yu’s connections and will help him in the future.
Feng Yu also noticed Li Zekai was very capable. At leastmore capable than him. Of course, it was because Feng Yu was…… lazy!
Feng Yu always felt that if others could do his work forhim, why should he do it himself? Many people wanted to be the boss of acompany was to enjoy the feeling of being high up and making decisions.
But it was different for Feng Yu. He wants to be the bosswas to make more money and make sure the companies were heading in the rightdirection. He was also very generous and was willing to give the company’sshares to those management staffs and let them run the company. He had neverinterfered with the hiring of the middle management staffs, other than the personin charge of the finances.
Even for companies like Lehaha and Bing City PharmaceuticalEnterprise, Feng Yu only bought a stake in the companies and offered somesuggestions. He was not the one who makes the final decision in thesecompanies.
But the more Feng Yu behave this way, the more others werewilling to listen to his suggestions. Because all of them knew that all of FengYu’s recommendations were right.
After listening to Feng Yu’s advice, the companies grewrapidly. Although Feng Yu invested in these companies and took away a portionof their profits, the overall earnings were way higher than before.
Feng Yu’s specialization was in the financial market.Although he had learned a bit on management in school, it was still not enoughcompared to those wealthy second generations.
Feng Yu handed almost everything to others. From theprocurement of raw materials to production and sales. What he did was only togive suggestions, set the general direction of the company, and invest in thecompany.
In Feng Yu’s previous life, those super tycoons did not onlyinvest in one company or product. Even Bill Gates also owns the shares of manyother companies.
Many of the conglomerates also did not focus on oneindustry. They will diversify their business. Just like Lenovo in Feng Yu’sprevious life. It was a software company initially, but it expands into realestate, retail, computers, software, apparels, and food industry.
There was a benefit for doing this. If anyone industry wasnot doing well, the rest of the sectors could still help the company gainprofits. But the disadvantage for doing this was the company’s resources willbe diversified too. This will result in the company unable to get the most outof every industry.
Feng Yu’s investments do not have these worries. Hisinvestments were separated from each other. Other than Wind and Rain, he doesnot need to worry about the rest of the brands like Tai Hua Brand, Aiwa,Lehaha, Songjiang Motors, Sixth Sense. These companies might be related to eachother, but most of them were individual companies in their own industries.
Feng Yu was able to get the most profits out of everycompany. His wealth was growing at an alarming rate. No one knows how muchmoney Feng Yu have. The only person who knew how much money he has was Feng Yu.
When Feng Yu combines all his wealth together, that will bethe time he will go on the offensive. By that time, he should have more than 10billion USD. He would be able to make a killing in the financial markets duringthe coming financial crisis, with the funds raised from the Hong Kong and Chinatycoons.
Feng Yu returned to Beijing after his exam at Hong KongUniversity. It was time for Wind and Rain Electronics next step!
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