Rebirth: Return to 1991 to be the richest man

Chapter 1958 Who Can Resist It?
After a phone call, Yue Hongsheng contacted several electrical appliance bosses with whom he had a good relationship and made an agreement with them about the chip.

After hearing the conditions offered by the Qiuhai Group, the other party agreed immediately without any hesitation.

Since the price war started, they have been struggling to support it.

Now that Chen Jianghai suddenly offered such good conditions, they had no reason to refuse at all, so they naturally agreed.

Chen Jianghai has always had a good reputation in China.

All the bosses believe that Chen Jianghai will not deceive them.

Moreover, even without the temptation of market share, they would have agreed.

The price war lasted for two months. Although they were not qualified to participate, the impact on them was huge.

Sales are decreasing again and again, but all kinds of essential expenses are there.

Nowadays, there is not much money left in their hands.

More importantly, their products are now heavily overstocked and they don’t know when they will be sold.

As a result, these companies have fallen into deep despair.

Many bosses are even selling their assets now and are struggling to support themselves.

They clearly knew that as long as they could survive this period, they would have a chance to turn around.

But once it fails to survive, it will go bankrupt and withdraw from this stage.

In this case, Qiu Hai suddenly proposed to use chips in exchange for funds, and they were naturally willing.

Anyway, those chips were placed in the warehouse, which had accumulated a lot of funds for them, and the products they produced could not be sold at all. They might as well take this opportunity and sell them all to Chen Jianghai.

Neither party negotiated the price for this transaction, and settled directly on the market price.

The main reason is that one is afraid that the other party will not sell, and the other is afraid that the other party will not buy. The business naturally hits it off and is very easy to do.

Regarding these transactions, foreign companies have no way to prevent them.

These companies have reached this point, and naturally they will not take the words or threats of foreign companies to heart.

Moreover, anyone with a discerning eye can see that in the current situation, it is not an easy task for foreign companies to win over Qiu Hai.

The only thing foreign companies can do now is to continue to cut prices.

However, the product costs of foreign companies are there, and the operating costs are not low. No one knows how long they can sustain it.

The next day, the price reduction on the foreign enterprise alliance was even greater.

It can be said that the entire electrical appliance market has never seen such low prices.

Since foreign brands entered China, they have never been sold at such a low price.

The current price is nearly half lower than the cost price.

Who can stand it? !

These foreign companies overseas have never lowered their prices like this.

In the words of some Chinese colleagues, this round of price cuts by foreign companies is simply crazy, as if they are crazy.

This battle between Qiu Hai and foreign companies frightened other Chinese electrical appliance companies, but for ordinary people, it was like a feast.

It can be said that it is precisely because of this unprecedented price war that various electrical appliances have been completely introduced into ordinary people's homes.

This kind of discount is not much different from the home appliances sent to the countryside in later generations.

Now the members of these foreign enterprise alliances are also facing a problem, that is, electrical appliances are sold too fast and production cannot keep up.

This is the terrifying purchasing power that has exploded in the Chinese market. With a large population base, the market is really too big.

Once released, it is simply thrilling.

"The market in China is amazing. The products we produce can be sold out in a short time."

"If it weren't for the price war and the whole of China was monopolized by our foreign enterprise alliance, how much money would we make?"

"So, we must not lose the Chinese market. We must defeat all local companies like Qiuhai! Being able to monopolize such a market will be a steady stream of wealth for us." The senior officials of the foreign enterprise alliance have realized at this moment, China's amazing market purchasing power actually far exceeded their expectations.

As for the price war, they are even more determined to win this time.

Faced with such a huge market, they firmly believe that as long as they can win against Qiu Hai, the money they spend now can be earned back exponentially in the future.

Li Tiangang looked at the sales data in his hand, feeling both love and hate, with complicated emotions.

If he could sell so many home appliances at the previous price, then his turnover would have reached the target today.

However, due to the crazy price reduction, the more he sells, the more he loses.

Li Tiangang has only one idea now, that is, Qiu Hai surrenders as soon as possible.

The price war has progressed to this point, completely exceeding Li Tiangang's expectations.

The last time I asked for the money from the headquarters, it was all spent not long after.

If the price war continues, Li Tiangang will have to apply for funds from the headquarters again.

Applying for funds this time will definitely not be as easy as last time.

Maybe he will be scolded by the people at the headquarters again.

Li Tiangang gritted his teeth, took a deep breath and adjusted his mentality.

He knows that there must be no shortage of funds now.

Once you can't keep up, all the money you invested before will be wasted.

After Li Tiangang gathered his emotions for a while, he called the headquarters.

Even if you get scolded badly today, you still have to get the follow-up funds.

In fact, at this point, many domestic and foreign companies have run out of gas.

It's not that their company has no money, it's just that the budgeted funds here at the Huaxia Branch have been exhausted.

If they want to continue this price war, they must get the support of headquarters.

And the intensity is definitely not small.

Qiu Hai also refused to give in an inch of ground, showing strong determination.

If a foreign company dares to lower its price, Qiuhai will dare to follow suit immediately, and the two will bite each other hard on price.

When the price war reaches this point, the energy, time and money invested by the company are very huge.

The funds involved in Qiu Hai's price war have reached a terrifying tens of billions.

This is simply unimaginable in the current Chinese market.

The price fell below the cost price for several days.

The foreign enterprise alliance, which was originally determined to win, was surprised to find that the Qiuhai Group could still withstand such a situation!

And he still looks full of energy?

This left them puzzled.

They had obviously completely strangled the chips. According to the information they had received before, Qiu Hai had probably run out of chips.

As for funds, foreign companies never think Qiu Hai can compete with them.

However, strange things happen.

Qiu Hai has not relaxed at all, and continues to insist on this price war, also looking determined to win.

It stands to reason that if Qiuhai Group cannot supply chips for its current products, it should be unable to produce electrical appliances.

But in fact it is not so.

Their products are still being produced continuously.

(End of this chapter)