Losing Money to Be a Tycoon

May 13th, Sunday…

It was almost three in the afternoon. Pei Qian was in his living room, drinking Coca Cola and playing games.

All of a sudden, his cell phone alarm rang. A notification appeared on his screen: "News conference".

Pei Qian saved the game immediately, and then used his cell phone to click on the screen to watch Otto Technologies' new news conference.

This time, it was time to release the smart fitness drying rack.

The location was still the same. The banquet hall of the Oasis Four Seasons Hotel was not far from Pei Qian's residence.

However, Pei Qian did not go this time.

That was because Pei Qian felt that the success of the product launch for E1 cell phones and G1 cell phones might be his problem.

It seemed like every time he went to the venue, something would go wrong at the news conference.

What if he did not go to the venue this time and watched the live-stream at home?

Sometimes, he had to admit the existence of metaphysics.

Even though he was not at the venue, he could guess the audience's reaction from the bullet screen comments.

At that moment, the news conference had not officially started. The live-stream was given a wide-angle camera, and the entire stage was visible.

A huge line of art words was written on the big screen: Otto Technologies' new smart product!

There were a few keywords below: Intelligent life, healthy life, convenient life, efficient life, and so on.

These keywords were the goal of the smart product department of Otto Technologies, which was to bring convenience, efficiency, and health to customers by combining artificial intelligence technology with digital products or other household products.

He could guess that there were no empty seats even though he could not see the seats in the entire venue.

That was because the various tech media would be invited to every news conference. Many loyal users would be selected from Jingzhou by gifting tickets. There were even some hardcore fans of Tengda who lived nearby. They would rather stand and watch the news live.

What's more, the response to the news conference of E1 cell phones and G1 cell phones had been very enthusiastic. The popularity of G1 cell phones had not completely passed. Now, there was another news conference. Everyone was looking forward to what kind of product Otto Technologies would bring to everyone this time.

The bullet screen comments in the live-stream had already started discussing.

"Why isn't it starting yet?"

"There's no need to rush. Tengda's news conference has always been punctual. It will start soon."

"In any case, the time is exactly one hour. You wouldn't see a minute more even if you had started earlier."

"I wonder what product is being released this time? A brand new smart product. It's probably smart home appliances, right?"

"It's hard to say. Otto Technologies made a Fully-Automated Smart Bickering Machine previously. I don't think they would make a lousy product like smart home appliances…"

"Who's the main speaker of this news conference? It can't be Jiang Yuan again, right? I don't have any objections to him, but I really want to see Boss Chang!"

"I heard that Boss Chang is indeed in charge of this project. I just don't know if Boss Chang will personally go on stage to talk."

"Alright, alright, it's starting! It's Boss Chang!"

Chang You went on stage amidst the cheers.

As expected, there was warm applause and cheers.

Jiang Yuan's G1 cell phone news conference was considered very successful. His slightly timid style of speech and a cell phone product that boldly subverted tradition and used a lot of new technologies formed a stark contrast. However, in the end, his workmanship was still much worse than Chang You's.

Therefore, everyone felt that it had been a long time since they saw Chang You return to the stage of the news conference after more than a year.

"Hello, everyone! I am Chang You.

"Welcome, everyone, to the news conference of Otto Technologies' new smart products. I would like to express my sincere gratitude to everyone on behalf of everyone in Otto Technologies!"

It was the same old opening speech, but the atmosphere seemed especially warm this time.

Perhaps it was because they had lost Chang You that they knew how boring the other news conferences were. That was why everyone cherished it.

Chang You was very touched.

The warm applause and cheers represented everyone's recognition of me!

Chang You had never enjoyed such treatment before coming to Tengda.

After arriving at Tengda, not only did Otto Technologies gain a foothold in the digital circle, but he himself had also become the most popular person in the digital circle. He even had his own traffic, and his Weibo had rapidly gained fans. He had also obtained a group of loyal fans.

All of this was obviously related to Boss Pei's careful nurturing.

After the applause died down, Chang You began to talk about the main topic of the news conference.

"Perhaps many friends are very curious why I didn't take charge of G1's news conference?"

"I have to start from the huge success of the E1 cell phone and Fully-Automated Smart Bickering Machine, and the outstanding employee award I got from Tengda…"

Chang You spoke confidently and humorously about his experience of being eliminated from the first place.

Laughter erupted from time to time.

"He was transferred out because he was too outstanding in his job?"

"Is this the first place elimination in Tengda's legend?"

"I might have known most of it through other sources but I still find it very funny hearing Boss Chang speak in such a helpless tone. Hahahaha…"

Of course, Chang You was narrating it in a joking manner. The audience was also listening in a joking manner. Most of the discussions were about jokes.

Was he transferred away because he was too outstanding? How could that be?!

Boss Pei must have thought that Chang You was very capable, so he had asked him to be in charge of developing new businesses!

That meant that today's smart new product might have a higher status in Boss Pei's heart than Otto Technologies' flagship model G1?

Many viewers could not help but speculate. They were filled with curiosity about what product would be released today.

As soon as Chang You started, he explained the changes in his position and the business changes in Otto Technologies during this period. What's more, he spoke concisely and did not take up too much time.

After all, Boss Pei always had a very clear requirement during the news conference. He could not exceed an hour.

The main event was still to come.

Chang You pressed the remote control, and four words appeared on the big screen.

'Pricing'!

The audience seemed to have been expecting this since long ago. They could not help but burst into laughter.

The audience in the live-stream also looked like they had finally gotten what they wanted and felt comfortable.

"Hahahaha, coming, coming! Traditional skills, set the price first!"

"I missed another two hours!"

"This time, it's even worse than E1's cell phone. At the very least, we knew that it was a cell phone back then. This time, we don't even know what the product is, and they've already placed a price. Are they letting us guess the price?"

There was a relaxed and humorous atmosphere everywhere.

After all, the product was secondary in this news conference. The key was Boss Chang's performance.

Pei Qian could not help but break out in cold sweat seeing how lively the atmosphere was.

He did not f*cking say anything!

He could only hope that everyone would be disappointed after seeing the product.

Chang You pressed the remote control again, and four huge numbers appeared on the screen.

"4999 yuan!"

He even specially explained, "Actually, we are under a lot of pressure to set this price. That is because of the cost of the research and development costs and material costs combined. This price is a relatively extreme price."

"For a long time to come, this price might decline because of the subsidy, but it would only fall by 200 yuan at most."

The price of 5,000 yuan was set from the beginning. In fact, there was some profit margin for this price, but it was very small. After all, the fitness equipment was made of iron. It had to be reliable and safe. The cost of the raw materials alone could not be controlled.

What's more, the smart fitness drying rack had a design, an artificial intelligence chip, and the development cost of Fitness Battle.

Of course, the Fitness Combat game itself could earn money to recover its health. It could even become a huge profit. That was why the smart fitness drying rack could reduce the price to this extent.

The live audience and the bullet screen audience began to discuss.

"5,000 yuan? That looks like a huge item!"

"What could it be? A high-end sound system? A washing machine? A refrigerator? Air conditioner?"

"These don't have much to do with smart systems, right? I think it might be a television. It might be related to Tengda's game business."

"Could it be a sweeping robot?"

All sorts of bullet screen comments floated past in the live-stream. There were all sorts of guesses, but no one really guessed the point.

That was normal. Who would have guessed that something like the "smart fitness drying rack" would be so troublesome?

There were only a few types of smart home products available on the market. Home products like refrigerators, washing machines, and air conditioners were more practical. They were basically the world of traditional enterprises. It might not be easy to use them with the halo of 'smart'. On the other hand, there were many sweeping robots, television, and other products. The possibility was slightly higher.

However, the price of 5,000 yuan made many guesses less reasonable.

Take the sweeping robots for example. At most, they would be worth 3,000 yuan. Selling them for 5,000 yuan was a little ridiculous and unrealistic.

Everyone tried to guess, but none of them could get it.

What's more, some old fans could vaguely sense that things were not that simple.

Everyone guessed that it was a conventional product. Did Otto Technologies look like a manufacturer of conventional products?

Their brain circuit was not something that ordinary people could think of. After all, the previous product was something like the Fully-Automated Intelligent Bickering Machine. Wouldn't it be very disappointing if they released a regular product this time?

Chang You pressed the remote control again, and a long, wide, and high measurement appeared on the screen: 2 meters long, 1 meter wide, 4 meters tall, 2 meters tall, 3 square meters, 218kg in total.

There was no specific shape of the smart fitness drying rack on this measurement. There were only some dotted lines marking the measurements and parameters it needed to occupy.

Everyone was stunned once again.