Rebirth: Return to 1991 to be the richest man

Chapter 1312 The dilemma of bad money driving out good money

Chen Jianghai saw Zhong Dalong staring at him a little distracted, so he smiled and reminded: "Mr. Zhong, please have tea."

Only then did Zhong Dalong react, said thank you, and then picked up the tea.

I have long heard various rumors about Chen Jianghai, the boss of Qiuhai, and I know that Chen Jianghai is young and promising, but when I actually see him, I still feel that he is much younger than I imagined.

Being able to accomplish such a great undertaking at such an age really makes Zhong Dalong full of emotion.

He took a sip gently, and Zhong Dalong felt the fragrance lingering on his lips and teeth, and had an endless aftertaste. He couldn't help but shout: "Good tea!"

This tea was given to Chen Jianghai by the supplier.

Chen Jianghai didn't really like drinking this stuff, and usually used it to entertain guests.

Seeing that Zhong Dalong liked it so much, Chen Jianghai said with a smile: "If Mr. Zhong likes it, take some with you when the time comes!"

"Mr. Chen, you don't get paid for your merits. I can't afford this tea!"

Zhong Dalong quickly waved his hand and refused.

He had done some research on tea, and after taking a sip, he knew that this tea was definitely top quality.

He couldn't afford such expensive tea with his salary.

Chen Jianghai said with a smile: "This order of tea is my wish. Mr. Zhong must not refuse."

Zhong Dalong is not a shy person. When he heard Chen Jianghai say this and his attitude was so sincere, he did not refuse.

After Zhong Dalong took a few sips of tea, Chen Jianghai went straight to the point.

"Mr. Zhong, what do you think about the repeater patent?"

Zhong Dalong nodded, and then expressed his thoughts: "I think if there is only one brand of Qiuhai, it will not be a good thing for the promotion of repeaters."

Later, Zhong Dalong told Chen Jianghai all his worries.

Chen Jianghai smiled and said: "Mr. Zhong, I believe what you said. There are really not many selfless people like you. But if you insist on licensing the repeater patent to other companies for free, it is not a big deal. Good thing."

Hearing this, Li Zhongdalong was slightly startled and felt a little uncomfortable.

He gave his technology to other manufacturers for free, so why did it become a bad thing for Chen Jianghai?

"Mr. Chen, I don't quite understand what you mean." Zhong Dalong frowned slightly and said in a low voice.

Chen Jianghai could tell that Zhong Dalong was a little angry.

"Mr. Zhong, listen to what I'm telling you." Chen Jianghai said patiently.

Later, Chen Jianghai directly used VCD as an example.

If there were no patents, we still don’t know what the current VCD and DVD markets would be like.

The same thing happened to VCDs and repeaters in previous lives.

That is, no one registers a patent, and eventually the entire market becomes chaotic.

VCDs and repeaters are actually electronic products created by the Chinese themselves.

Because developers did not pay attention to patents, these two products died prematurely.

No matter what kind of crazy company they are, they all want to make money by making these two products.

In this case, there will inevitably be a dilemma where bad money drives out good money.

Companies that really want to do things have not become bigger and stronger, but have fallen into a fierce market battle.

In the end, these two products lost their golden age of development and soon went into decline.

On the contrary, some foreign companies have made a lot of money with these two products.

When VCD came out a lifetime ago, there was really no ability to register patents around the world.

The main reason is that its developers do not pay attention to patents.This can be seen from the fact that he has not registered a VCD patent in China.

Otherwise, Wan Yan in the previous life would not have died so miserably.

As for Zhong Dalong, he naturally knows the role of patents.

As soon as the repeater came out, he registered a patent in China.

However, he has no selfish motives and does not hope to make money from patents.

In order to allow these companies to produce repeaters faster and at the same time be unwilling to increase costs for the companies, he even voluntarily gave up the patent rights fees for repeaters.

Later, when the TV station interviewed Zhong Dalong, Zhong Dalong’s reason was also very simple. If these patents were not given up, the repeater would not be produced and put on the market as soon as possible.

It can only be said that Zhong Dalong is a typical national scholar, high-minded and upright, and really has no selfish motives at all.

It is a pity that Zhong Dalong's kindness was taken advantage of by domestic companies.

As a result, they suffered a bloody blow and put the entire repeater market in dire straits.

In the previous life, repeaters were discovered by some companies in [-].

Just that year, the annual production volume of repeaters was 50 units.

These 50 units, facing China's huge market, can be said to be sold out in an instant.

After all, Chinese parents are very willing to invest in their children's education.

Although the price of these repeaters is not cheap, it is always affordable.

In particular, English learning plays a huge role in academic studies, so many parents are willing to buy a repeater for their children, even if they just bite the bullet.

As a result, many companies have seen the potential of repeaters.

In [-], the State Education Commission officially announced that in the future, the foreign language teaching examination for primary, secondary and university students in my country will focus on students' comprehensive oral and listening skills.

In this way, it can be said that the repeater comes directly in front of all Chinese parents.

The spring breeze of this policy allowed repeaters to quickly open up the market. Many people saw the huge business opportunities and invested in the vigorous production of repeaters.

It is no exaggeration to say that after the promulgation of this policy, the initial market of 50 repeaters instantly expanded to a mature market of tens of millions.

This can be seen from the sales of repeaters.

Sales volume in 50 was only 300 units, and in [-] it had grown to [-] million units.

In the two years after the turn of the millennium, sales reached 800 million, 1000 million and 200 million respectively.

According to the development of this market, it is expected that by 500, the number will increase to [-] million.

Unfortunately, this 500 million prediction was ultimately just a prediction and did not come true.

I can only say that the idea is beautiful, but the reality is very skinny.

Sales of repeaters did not meet expectations, but fell sharply.

In [-], the repeater industry could be said to have suddenly emerged.

At this time, many large home appliance companies such as Jinzheng, Unisplendour, and BBK all entered the repeater industry.

In order to compete for this huge potential market, merchants began to lower prices to attract consumers.

Their price reduction range exceeds 30.00%.

This aspect is completely comparable to Changhong.

At the same time, in order to grab customers, they invested huge amounts of money in advertising and gift wars.

The purpose is also very simple, which is to seize the market as much as possible, defeat competitors, and become the final winner.

(End of this chapter)