electronics manufacturer

Chapter 105
"One hundred million!"

Wang Min directly stated Weiduo's offer.

One hundred million, a small goal!
Tong Hao frowned slightly, obviously he was very dissatisfied with the other party's price of [-] million.

Although the packaged and sold business of Weiduo Company is said to be something that Tong Hao needs, buying it at a price of [-] million is obviously much higher than Tong Hao's conjecture.

"Go and talk to Weiduo Company, buy this business up to 8000 million!"

Tong Hao stared at Wang Min, and it was his last bottom line to buy Weiduo's mobile phone business with 8000 million yuan.

If it exceeds the number of 8000 million, he would also like to spend his own money to train a team to study the algorithm of camera and video like Weiduo.

Wang Min also clearly understood the meaning of his chairman, and quickly contacted Weiduo Company according to the meaning of the chairman.

The two major development directions of the current company have already been determined in January of this year.

The first major direction is to expand the offline market of Tianyu Company, and strive to set up [-] offline stores this year.

For this reason, Tianyu Company took out one billion yuan to develop this plan, and Wang Min has already made plans for this matter.

It is expected that around May, Tianyu's offline physical stores will open for trial operation in several metropolitan cities in China.

After August, Tianyu's offline physical stores will be established in first-tier cities across the country.

Finally, by the end of the year, Tianyu Company will set up a total of at least [-] stores in first- and second-tier cities across the country.

According to Tong Hao, as long as this task is completed within this year, Tianyu Company will invest at least [-] million in the offline market every year to expand its influence.

Another second direction is to expand the derivatives of Tianyu Company's product series.

This matter has been implemented since the end of last year.

In order to realize this plan, Tong Hao specially invites all veterans who have been in the mobile phone market for many years to be the product managers of Tian Yu's new series - Pioneer.

Now Pioneer's first-generation products have been completely designed, and Chen Chen is contacting suppliers to prepare to start production of Pioneer's current-generation products.

Try to truly appear in the mobile phone market at the end of March and early April, and become the first mobile phone released by Tian Yu Company this year.

This pioneer mobile phone is also Tianyu's latest sub-flagship mobile phone that focuses on performance.

As for the chairman's desire to buy the mobile phone business and team of Weiduo Company this time, it is also to expand the company's product line.

Wang Min understands that if the chairman of his company really buys these businesses, then this year his company is likely to launch a mobile phone that focuses on taking pictures of women.

Weiduo Company, a company that has been established for almost five years, is now facing the point where it is about to fall apart.

Last year, the domestic mobile phone market was turbulent, and Weiduo Company wanted to fight its way out in this market.

For this reason, the company began to produce a large number of mobile phones and invited celebrities to endorse them. Unexpectedly, the final result was horrible.

Mobile phones worth more than 2000 yuan were not released for half a year, but only 30 units were sold, and the company left a backlog of nearly [-] yuan in inventory.

In the end, in order to reduce the loss and also to be able to pay off the debt owed to the supplier, Weiduo Company could only sell these mobile phones at a low price, and ended up losing more than [-] million yuan.

Originally, Weiduo Company did not have strong capital, so the situation that the mobile phone could not be sold not only caused the company to lose a lot of money, but also made the company have no money to continue the production of mobile phones.

And the company is basically in a state of strike now, and Duowei's chairman and directors are unwilling to spend money into this bottomless pit, and in the end they can only package and sell their own company's mobile phone business and team go.

In the high-level meeting room of Weiduo Company, He Ming looked at the directors sitting in their seats, and told Tianyu Company to offer 8000 million yuan to buy his company's mobile phone business and his team.

He Ming looked at the directors sitting on the seats, and he was still very emotional.

Weiduo was founded in 09. At that time, He Ming seized the opportunity to win over an investor and raised 5000 million yuan to establish Weiduo.

When Weiduo Company was just established, it aimed at women and used overwhelming advertisements to promote its brand.

And Weiduo also reached its peak in 10, when the company's annual revenue could reach one billion.

It's just that after 10 years, the company's operations have been deteriorating, especially after 13 years, the company's revenue has basically been at a loss, and years of losses have finally brought the company to this point.

To tell the truth, He Ming is not willing to sell the company's mobile phone business. Weiduo mobile phone was made by him, and the mobile phone business has always been the company's main business. He Ming is really unwilling to sell it like this.

He Ming clearly understands that the directors in the company have made a lot of money in the past few years, but when the crisis comes, no one is willing to take a hand in Weiduo's mobile phone business.

He Ming, who was originally reluctant, could not resist the unanimous pressure from the directors in the company, so that he could only make this kind of decision in the end.

"Are you saying you want to agree?"

He Ming looked tiredly at the directors sitting on the side, seeing how they had gained a lot in the past few years, and asked with some reluctance in his heart.

"If you keep holding on to your phone like this, the business company will be dragged down!"

"8000 million is fine! With these funds, the company can also re-invest in other businesses!"

"Since this brand is still valuable, sell it quickly!"

The directors in the company were no longer on the same boat as He Ming, and they couldn't wait to sell the business to reduce their losses.

Seeing that none of the directors wanted to save the company's mobile phone business, He Ming also understood that this road had reached a dead end, and he could only sell the company's mobile phone business and core team to Tianyu Company.

At the beginning of March, after receiving the reply from Weiduo Company, Tong Hao directly chose to fly to Shenzhen City to sign a contract with Weiduo Company.

"Dong Tong, you are so young and promising! I hope we can have opportunities to cooperate in the future!"

"If there is a chance in the future, it will be natural!"

He Ming looked at the young Tong Hao in front of him, and he also admired the young Tong Hao in his heart.

After all, he was watching Tianyu Company's process of coming back to life and returning to its peak.

It's a pity that his own company, which has the same fate as Tianyu Company, can only be introduced in this way in the end, which makes He Ming a little bit disappointed.

Tong Hao also found out about He Ming's loss, but Tong Hao didn't speculate on the other party's heart. After all, Weiduo Company has closed down, and He Ming may not be engaged in the mobile phone business in the future.

The two companies have signed a contract, and it may take more than half a month for Weiduo's mobile phone business to be handed over to Tianyu Company.

After all, Weiduo has been in business for so many years, and the mobile phone business team has exceeded 100 people. In addition to the relevant documents and materials of the mobile phone business, it will take a certain amount of time for Tianyu Company to digest these things.

But just when Tong Hao was about to let Tianyu Company digest the mobile phone business of Weiduo Company, a piece of bad news finally reached his ears.

Samsung will release a remake of the Samsung S6 in mid-March, apologizing for last year's shame.

(End of this chapter)