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Chapter 1467: Chapter 1312: Breaking Records (Please Subscribe!)
That day.
The media became excited.
Report after report.
Expressed their excitement.
"Record-breaking! An annual R&D investment of 10 billion RMB, surpassing Huawei and setting a new record for private enterprise R&D expenses!"
"Qingyuan Technology, crowned as the top technology innovation enterprise in Huaxia!"
"Tang Qing says: R&D is the foundation of a tech company!"
"50 billion, leading the charge in Huaxia’s innovative technology!"
"...!"
Not just within Huaxia.
Media from Asian countries also reported on this internationally in the financial section, but, since it was about "boosting another’s ambition," these articles were very brief and even carried a hint of skepticism.
The sour tone within the text.
Was quite obvious.
50 billion RMB.
Converted into dollars, that’s over 6 billion.
Such a high R&D investment, something only international giants could claim, and yet Qingyuan Technology, just taking the lead, its position not yet stable, dares to burn through its ’hard-earned’ money.
In the eyes of outsiders.
Tang Qing seems to be taking steps too large.
One misstep.
Could lead to a downfall.
Therefore.
Apart from Huaxia.
International media didn’t look fondly on Tang Qing’s move, otherwise, where would they put their own face, unless, Qingyuan Technology goes public, and major international investment capital might manipulate the media for performance.
To give a very high evaluation.
But for now.
Qingyuan Technology’s IPO date has not been set.
Naturally.
Nobody is shouting for them.
Moreover.
Qingyuan Technology’s position is indeed not stable, and with the continuous release of smartphones by various communication giants, some already on the market, how the industry will shape up and who will survive in the end remains to be seen.
...
However.
Within Huaxia.
The industry was astounded.
Several billions.
Just for establishing a research center.
So extravagant.
No.
Among domestic private enterprises.
This is extravagance reaching beyond the skies, looking down upon mortals together with Huawei, which is already ruling the clouds. If calculated by the yearly average, Qingyuan Technology’s R&D investment has now arguably surpassed Huawei.
Not by much.
But surpassing is surpassing.
One can imagine.
With such investment.
It won’t be long.
Before Qingyuan Technology can form an R&D force and a foundation reserve that will catch everyone’s attention.
This time.
Not just internet companies.
Huaxia’s major manufacturing industries have also noticed this newly entering big player. Because it was mentioned in the news, the Smart Space research center’s main research direction, is what Google once proposed—The Internet of Things.
And Qingyuan Technology.
Has added the word ’smart’ to it.
The involved areas.
Are broad.
Touching on all aspects of people’s lives.
From electronics, electric refrigerators.
To watches, juicers.
From appearance design.
To integrated circuits, materials, chips.
It’s said.
Spanning across more than a dozen industries.
When seeing these contents, a sense of ’absurdity’ hits strongly, Tang Qing is going insane, how can one company compete with the original dominators in so many fields.
Do you know how difficult it is?
Tang Qing.
Is indeed too young.
However.
Recalling the net worth comparison between oneself and Tang Qing.
They suddenly realize, using their ’poor man’s’ wealth to compare with Tang Qing’s ’so rich he has no friends’ status, what they thought impossible, perhaps he doesn’t see it that way.
For a moment.
An inexplicable ’the wolf is coming’ urgency.
Engulfed their hearts.
...
Gree.
This year.
Ms. Dong, who had just assumed the role of Gree’s president.
Was feeling a bit down.
At the end of the year.
The already fierce home appliances industry suddenly faced a new giant dragon lying prostrate in the Shanghai Stock Market. Though harmless in the short term, its movement would be earthshaking.
Think about it.
It’s speechless.
You tell me.
Mobile phones are selling well.
Why compete with us ’hard-working’ businesses? Despite our company’s size and scale, the gross margin in home appliance sales, amidst the fierce price competition among various brands.
Is just two to three percent.
It’s already as thin as a razor blade.
You, with your two to thirty percent profit margins on the ’Epoch’ brand, sell one mobile phone at a high price, equivalent to our revenue from selling twenty to thirty refrigerators. If it’s small appliances, that equals the profit from over a hundred units for us.
You say.
Why come and squeeze our business?
Of course.
What’s done is done.
Several hundreds of billions.
Obviously, it was their plan all along.
It can’t be easily changed. Thinking about it, in a few days, it will be the time for the Huaxia Entrepreneur Annual Meeting, and Tang Qing will definitely attend. By then, it won’t only be Gree that can’t sit still.
However.
This also brings some benefits.
That is, she can ask the group for more funds for research and development. Now there won’t be any resistance in the Board of Directors. A month ago, her proposal faced major cuts from the Board.
With this thought.
President Dong smiled.
Things.
Don’t seem so bad after all.
...
Not just Gree.
Haier and Midea are also just as tense.
All of them quickly reacted to the situation.
They can’t afford to be surpassed by Tang Qing in their own territories. Thus, each related company swiftly made similar decisions to increase their investment in research and development, some even planning to raise it by several percentage points.
Instantly.
All companies were planning to hire more research staff.
For every talent they attract.
Tang Qing will have one less. 𝑛𝘰𝑣𝑝𝑢𝑏.𝘤𝑜𝘮
It’s inevitable.
Business.
Is just this realistic.
It’s not possible for everyone to be happy. However, cordial appearances are still necessary because, after all, Tang Qing is their partner. They have been continuously receiving shipments from Congo Gold.
...
Beijing.
"Entrepreneur" Magazine office.
President’s office.
Three days away from the annual meeting, his phone hasn’t stopped ringing. Ever since he became the organizer, this time of year has always made him tense, because important figures will be attending and nothing can go wrong.
This year.
Is particularly bustling.
"Let’s confirm the agenda one more time, and keep the guest list updated. We can’t afford to miss anyone."
"Understood."
In the past.
There was never such a problem.
This year is different.
The initially confirmed guest list suddenly expanded significantly. Many who rarely attended before got in touch with him, drawn by the opportunity to see what’s happening, knowing well that this is all because of Tang Qing.
The reason is.
It’s because Tang Qing has been too dazzling this year.
Even.
To the point of being blinding, one could say he’s a miracle in the history of Huaxia’s business world.
Normally.
Tang Qing shuttles only between Fudan and home.
He hardly participates in any business events, making it difficult for others who wish to meet and exchange thoughts to find an opportunity. Now, knowing Tang Qing will attend, they’re ready to join in the excitement.
Therefore.
As the opening nears.
There are still people calling to add a seat.
Regarding this.
He naturally welcomes all, the more attendees there are, the greater the influence. It’s just a pity that although Tang Qing will come, he won’t have time for an extended talk. He only hopes that Tang Qing will continue to support their annual meeting.
