Extraordinary Genius - Chapter 716
Chapter 716 – Cordless phone
Buy me a coffee or tip me on or .
It was a new office building located in the East Third RingRoad. On the building, there were two ancient Chinese characters. “Wind andRain”
This building had cost Feng Yu quite a lot. But he felt themoney spent was worthwhile. This was because this area was gazetted as Beijingbusiness district.
In the future, many international and Chinese companies willset up their China’s headquarters here. This includes CCTV, the People’s Daily.This place will be China’s most famous business district. It can even becompared to Shanghai’s business district.
Also, the two prominent ancient Chinese characters on thebuilding were huge. This building will definitely be a landmark here.
Of course, Wind and Rain Electronics does not need such abig office building. So, Wind and Rain Logistics, Aiwa Electronics, Wind andRain Pharmaceutical, Bing City Machinery Company, and the rest of Feng Yu’scompanies, set up their Beijing offices in this building. Tai Hua SupermarketEnterprise headquarters had also shifted their headquarters to this building.
The remaining empty floors of the building were rented out.Feng Yu was satisfied with the rents, and it was still the rentals in this era.In another 3 to 5 years, rents will increase by several folds. Those companiesthat rented offices in this building were 3-years short term lease. If they donot agree with the increase in rents, they can move out. There will be othercompanies who were willing to pay the high rentals.
The biggest office on the top floor was Feng Yu’s office. Itwas more than 500 sqm. In his office, there was a gym, a recreation corner, anentertainment corner, a resting area, and many other rooms for differentpurposes. There was even a private stairwell to the rooftop. This was speciallyrequested by Feng Yu. He wants to build a helipad on the roof for hishelicopter in the future.
The aviation regulations in China was stringent. But in afew years, the rules will relax, and people start to own private planes andairline companies.
Feng Yu took the special elevator up to his office. MeiZhigao picked up the phone on the table and called the room next door. “Bosshas arrived.”
Feng Yu walked towards the recreation corner. There was abar there, and he opened a cabinet. There were all sorts of dried fruits andother titbits. He took a few plates of dried fruits and sat at the bar to wait.
Aiwa Little Tyrant’s Duan Yongping, Aiwa Electronics’ XuLihua, Wind and Rain Electronics’ Jiang Wanmeng, and a few other peopleentered. Feng Yu waved them over to have the snacks together, and Mei Zhigao leftthe room, closing the door behind him.
“Old Duan, what is this cordless phone you are talkingabout? We have brought all our engineers over. Just tell us what you need us todo.”
Feng Yu was relaxed as he knew this project will surely be asuccess. In his previous life, Duan Yongping had left the Little Tyrant afterfalling out with them over the restructuring of the company.
But Duan Yongping was not in despair. He had the technicalskills and understands the market well. He made use of his connections and gotthe license to manufacture cordless phones.
In the past life, BBK cordless phones were very popular inChina. They had occupied more than 70% of the market share. This product helpedDuan Yongping amassed funds quickly and forms the foundation of the company.
Later, BBK Electronics introduces a series of products, includingrepeaters, reading machines, cellphones, etc. All of their products sold wellin the market.
That’s why Feng Yu had confidence in Duan Yongping. In hisprevious life, this was the year when Duan Yongping set up BBK Electronics.Although it was a few months earlier, the company’s technological abilitieswere much higher than Feng Yu’s previous life.
Duan Yongping nodded and said to everyone: “Cordless phoneshave existed in other countries for many years. It is only a telephone thatuses radio waves to connect the handset and the base station. The handset canstill be connected dozens of meters away from the base station. This cordlessphone is more convenient than the traditional telephone. This is not adifficult technology and has great market potential.”
Xu Lihua tapped his cigarette ash into the ashtray and saidto others: “We Aiwa Electronics can handle the part on radio waves. We are morefamiliar in this technology then the rest of you.”
Although Aiwa Electronics currently only manufactures pagersand stock pagers, they started off with manufacturing walkie talkies. Theymight not be the best in China for this technology, but they were definitelybetter than Duan Yongping and the rest.
Also, Xu Lihua and his men had wanted to produce mobilephones. Feng Yu was also supportive of this idea. They could make use of thiscordless phone to perfect their mobile phone technologies.
Jiang Wanmeng added: “We are better in LCD and keypads. Wecan handle this part.”
Aiwa Home Appliances person in charge said: “We are not asgood as you all in those areas. But if you all need phone recording features,we are good at it. Or if you need any help with the speakers and receivers, wecan also help.”
After they finished, all of them looked at Duan Yongping.They will be handling all the critical components of this product. Then whatwill Aiwa Little Tyrant handle?
“We had accidentally developed a new technology which allowsa base station to connect to multiple handsets. That means we can leave ahandset in every room at home with only a base station. This way, no matterwhich room you are in, you will be able to pick up the call. My men are alsogood at radio waves. We are also able to help in this area. Also, I haveconducted market research for this product. In the market, there is a hugedemand for cordless phones. But the imported brands are too expensive. The costof production of a cordless phone is not high. We can use low prices to competeagainst them.”
How much does a cordless phone cost in China now? 1 to 2thousand RMB! The leading cordless phone brands in China were Philips,Motorola. Panasonic and Siemens. Based on Jiang Wanmeng’s calculations, thecost of a cordless phone was less than 200 RMB. They even felt that the costmight be much lower due to those big companies’ economies of scale.
How much were their profits? Several times of its cost!
All of them who were present at this meeting had theabilities to manufacture this product too. With such high profits at stake, whynot just produce and sell this product themselves?
The few of them discussed for a while and suddenly noticedFeng Yu had not said a word. They all quieted down and looked at Feng Yu.
Feng Yu put down the dried peach he was holding and wipedhis hands. He then drank some water before pointing to a stack of documents onthe table. “There. Those are the information send over by Philips. You all cantake a look.”
All of them were confused when Jiang Wanmeng suddenly openedhis eyes wide: “Philips had given us their cordless phone technologies?”
“We are partners with Philips, and we agreed to share ourtechnologies. Although this is not some new technology, it should help you allsave a lot of time. Also, Philips owns some patents of these relatedtechnologies. These are also free for us to use.”
All of them knew that this was not a new technology. Thetechnologies Wind and Rain Electronics exchanged with Philips were also not thelatest technologies.
“That’s great. Manager Feng, with this information, weguarantee that we will develop the best cordless phone in the world within 3months!” Duan Yongping’s face had turned red from his excitement.
Feng Yu laughed. “I trust all of you. This cordless phoneproject will be headed by Duan Yongping. The rest of you can send some of yourmen to form a development team. When this project is successful, all of youwill get the credit. You all will be rewarded handsomely!!”
$5 or more per month
Access to 7 Advance Chapters of Extraordinary Genius and 2 Advance Chapters of Power and Wealth.
$10 or more per month
Access to 10 Advance Chapters of Extraordinary Genius and 4 Advance Chapters of Power and Wealth.
$20 or more per month
Access to 15 Advance Chapters of Extraordinary Genius and 8 Advance Chapters of Power and Wealth.
$50 or more per month
Access to 27 Advance Chapters of Extraordinary Genius and 20 Advance Chapters of Power and Wealth.
$75 or more per month
Access to 35 Advance Chapters of Extraordinary Genius and 30 Advance Chapters of Power and Wealth.
$99.99 or more per month
Access to 45 Advance Chapters of Extraordinary Genius and 40 Advance Chapters of Power and Wealth.
Your support is greatly appreciated.