Losing Money to Be a Tycoon

Compared to the two cell phones that sold out quickly after the news conference, the results of the smart fitness drying rack could be described as glorious!

Obviously, most people treated the smart fitness drying rack as a pure joke product.

Chang You had introduced its functions at the news conference but most of the traditional fitness equipment had such functions. What's more, they were cheaper.

Take those N-in-one strength training equipment for example, the floor space is about the same size as the smart fitness clothes rack, but the price may only be around 3,500 to 4,500 yuan which was much cheaper.

Everyone had a lot of concerns about the smart fitness drying rack. On top of that, they were not motivated enough to purchase it. It was normal that they could not sell more than a few of them in an hour.

Of course, Tengda had a few hardcore fans. No matter how ridiculous the product was, they would buy it with their eyes closed.

No matter what, there were so many stocks on the smart fitness drying rack and the news conference was so popular. Yet, only a little was sold after the news conference. No matter how one looked at it, it was a very optimistic outcome.

Pei Qian could not help but hum a tune.

Hard work paid off!

…

At the same time, at Jingzhou Airport.

"Brother Lin, are you really not going to stay and play for a few more days?" Meng Chang was full of smiles as he tried to persuade Lin Jiaqiang to stay.

Lin Jiaqiang quickly shook his head. "No need, no need. I've been disturbing you for a long time. What's more, I have something to do at home. I have to go back."

After filming the promotional video, Lin Jiaqiang had been enjoying himself in Jingzhou. Naturally, the money had been paid by the advertising department.

Meng Chang wished he could get Lin Jiaqiang to play for a few more days.

In any case, these funds would not be in his hands but he could use them to entertain Lin Jiaqiang while he tagged along for free. Why not?

What's more, he had watched the news conference and knew that the sales of the smart fitness drying rack were dismal. He was now very happy.

Meng Chang drooled at the thought of the commission he could get at the end of the month.

On the other hand, Lin Jiaqiang was considered a great contributor to Meng Chang's commission. Meng Chang naturally loved him and was much closer to him.

Lin Jiaqiang was having fun as well. However, he still had to provide for his family. He could not stay in Jingzhou forever. Thus, he decided to leave.

Meng Chang had already tried to persuade him to stay a few times previously. Lin Jiaqiang had already changed his air tickets twice. Therefore, he did not try to persuade him to stay this time. He only said that he would look for him immediately if there was a chance to cooperate in the future and personally sent Lin Jiaqiang to the airport.

Lin Jiaqiang was naturally very grateful.

Lin Jiaqiang suddenly thought of something as he was about to board the plane.

"Boss Meng, I have a presumptuous request."

Meng Chang was stunned. "Go ahead."

Lin Jiaqiang was a little embarrassed as he said, "Boss Meng, can you give me a smart fitness drying rack? I also want to go back and exercise a little. After all, I've been getting older recently. My body is getting weaker year by year."

Logically speaking, it was only right for the celebrities endorsing the products to be given more samples.

However, Meng Chang felt that Lin Jiaqiang definitely did not need such a thing. He might even be despised if he gave it to him. Therefore, he did not give it to him at all. He only brought Lin Jiaqiang to Jingzhou to have fun for a few days.

Now that Lin Jiaqiang had taken the initiative to ask for one, it was no big deal.

Meng Chang knew that the smart fitness drying rack was filled with Tengda's warehouses in Jingzhou and could not be sold at all. What's more, giving one to Tengda would incur losses. Why not?

Meng Chang smiled. "No problem. I'll arrange for someone to deliver it to your house and arrange for someone to install it!"

Lin Jiaqiang quickly said, "Thank you so much!"

Actually, Lin Jiaqiang only had this thought on a whim.

He had been obese since he was young. When he was young, he had no choice but to maintain such a fat and ugly figure in order to film. However, now that he was older, this obese body had also brought him many diseases.

There was nothing else to film. What was the point of being so fat?

Therefore, Lin Jiaqiang had always wanted to train a little. Putting aside whether he would lose weight or not, wouldn't it be better for him to be healthy and live for a few more years?

However, he could not persevere no matter how hard he tried.

Now that he saw the smart fitness drying rack, Lin Jiaqiang felt that he could place one at home. It was always good to exercise.

He could still use it to dry his clothes even if he forgot to use it to train.

Of course, this big guy was a little expensive, so it would be quite nice if he could get it for free, he would not want it if he had to pay for it.

After obtaining Meng Chang's promise, Lin Jiaqiang bid everyone farewell in satisfaction and boarded the plane to leave Jingzhou.

…

…

May 14th, Monday…

Shanghai, Long Yu Corporation headquarters.

Zhao Xuming had rushed to the conference room when it was time for work. Eric was already waiting inside.

"It has been confirmed. Chang You said at the news conference that Otto Technologies had prepared a lot of stocks for the smart fitness drying rack. Now, Tengda's warehouses in Jingzhou are indeed filled with these things."

"What's more, the smart fitness drying rack has been transported to various Deposit Fitnesses. There's one in Shanghai."

"Why don't we take a look?"

Eric frowned after listening to Zhao Xuming's report. He looked confused.

A moment later, he said, "There's no hurry. We'll take a look at it tonight. There should be more people at night. We'll be able to see how popular this equipment is."

Eric and Zhao Xuming had been paying attention to Tengda's movements ever since Finger Games and Long Yu Corporation held a joint press conference.

That was because they knew very well that Boss Pei was someone who would not lose out. He would definitely fight back!

However, nothing happened after two days. This was a little abnormal.

Logically speaking, Tengda Corporation was very efficient. Boss Pei never hesitated to burn money.

Finally, the news conference for the smart fitness drying rack was launched.

Eric and Zhao Xuming were confused by the ridiculous product after watching the news conference as well.

However, they still cared about three things.

First of all, was the smart fitness drying rack that Chang You mentioned real?

Second, no one was interested in the smart fitness drying rack, but would there be a chance to turn the tables in the future?

Finally, what were the specific rules for the 515 Games Festival?

In fact, the outcome of this news conference was undoubtedly a pleasant surprise for Eric.

That was because Otto Technologies' previous products, be it E1 cell phones, G1 cell phones, or even Fully-Automated Smart Bickering Machine, had all been successful.

Thus, Eric subconsciously viewed the new product that was about to be released as a success. He was mentally prepared for it to sell well.

Unexpectedly, no one showed interest after the news conference!

What was even more worth celebrating was that there were actually 10,000 units in stock? Tens of millions of yuan?

Eric knew very well that he was fighting a price war against the entire Tengda Corporation, not just the Tengda Games department.

In other words, he had to consider the situation of other industries.

No one was interested in the release of Otto Technologies' new product now. It would accumulate a large amount of money and cause the liquidity that Tengda Corporation could use to decrease. Of course, that was good news!

The only question was, was what Chang You said at the news conference true or was he doing the job?

For this reason, he specially asked Zhao Xuming to arrange for his subordinates to visit Jingzhou in secret.

There was no such thing as an impenetrable wall in the world. The location of Tengda's warehouse was no secret. Thus, he quickly obtained a definite answer: there were indeed many stocks in this lousy drying rack!

Thus, the first question was solved.

As for the specific rules of the 515 Games Festival, they should only be in the computers of some core employees of Tengda. It was unlikely to be leaked.

There was still more than a day left since it would be revealed on May 15th. There was no need to rush.

Eric guessed that this so-called 515 Gaming Festival was probably similar to the preferential activities of Finger Games and Long Yu Corporation. It was nothing more than a skin discount or a game discount.

It would not be too late to think about how to deal with Tengda when he saw its specific sales pitch.

Therefore, the most important thing now was to confirm if this smart fitness drying rack was really deserted and had no chance of turning the tables.

If that was the case, the unmanageable stocks in the warehouse might be one of the straws that can break Boss Pei's back!

Eric had originally intended to buy research equipment, but after hearing that Deposit Fitness had also arranged for this, he immediately changed his mind and decided to visit Deposit Fitness.

That was because Deposit Fitness had many fitness practitioners. Their view of the smart fitness drying rack was more professional and objective. As long as they did not like to use this thing, it could basically be declared a death sentence.

…

Some time ago, Tengda's various physical industries had started entering first-tier cities like Beijing and Shanghai. Thus, Deposit Fitness had also opened in Shanghai, and business was good.

Eric and Zhao Xuming went to the Deposit Fitness after work in the afternoon.

The two of them pretended that they were customers who had come to understand the situation to think about joining the membership and successfully sneaked in.

There was a professional at the front desk who was in charge of leading and receiving them. He introduced the model of the Deposit Fitness to the two of them. Eric and Zhao Xuming pretended to listen carefully, but they were actually constantly sizing up the interior of the gym.

He had to admit that Deposit Fitness was indeed different from other gyms.

It wasn't crowded. That was because the space in Deposit Fitness had been booked in advance to ensure that the number of people in the gym was at a relatively suitable level.

One could roughly see the popularity of different fitness equipment even though there was no need to queue for all the fitness equipment.

Some of the equipment would be picked up after the user left. Others would only be used after ten minutes.

The smart fitness drying rack was placed in a rather eye-catching position in the Deposit Fitness.

Zhao Xuming secretly stared at it for a long time and realized that no one was using it!

Most of the male members only glanced at it before continuing to lift the dumbbells. The female members did not even look at it as they headed straight for the treadmill, kinetic bicycle, and yoga room.

Even the staff in charge of reception did not specially introduce the smart fitness drying rack when introducing the various fitness equipment in Deposit Fitness.

All of these were obviously very good signs!

Zhao Xuming cleared his throat and asked knowingly, "May I ask what this gym equipment is? It looks very special. I don't think I've seen it in other gyms."

The shop assistant smiled in embarrassment. "Oh, this. This is Tengda Corporation's newly developed smart fitness drying rack."

"It's a domestic product. It's mainly placed here for display."

"As a home-made product, its advantage lies in the combination of many fitness equipment. One piece of equipment can train the entire body. At the same time, it can dry clothes when it's idle. However, if you were to train in the gym, its effect would be slightly worse than those specialized equipment…"

Tengda's employees had always been honest. They had never lied to the customers, they would not even be allowed to hide a portion of the truth to induce customers to spend. This was a principle that Boss Pei had set since the company was established.

Thus, the staff very honestly introduced the smart fitness drying rack to Eric and Zhao Xuming.

In particular, he pointed out the key point of the smart fitness drying rack in the Deposit Fitness: it was a jack of all trades, master of none.

Those professional fitness equipment looked like they could only train a single movement, but in fact, there were many adjustable areas to ensure that this movement could be trained to the best effect.

On the other hand, the smart fitness drying rack had to take care of so many actions. Some of these details had to be sacrificed slightly. Otherwise, it would not be able to control the cost on one hand, and on the other hand, it would be too cumbersome and inconvenient to use.

Therefore, members who came to the gym only had to consider the training effect and not the space. Naturally, they would not use the smart fitness drying rack to train.

Eric and Zhao Xuming looked at each other happily.

What did this mean?

This meant that this smart fitness drying rack was not only unpopular among ordinary consumers and could not be sold. There was no room for survival even in a professional business environment like the gym!

Even Tengda's Deposit Fitness could not save this lousy equipment. Other gyms would not be able to buy it.

At first, the two of them were a little worried. What if the gyms bought this smart fitness drying rack like crazy?

There were quite a lot of gyms in the country. It was a terrifying number if every gym were to get one.

However, that possibility did not seem to exist now.

This smart fitness drying rack was basically getting the cold shoulder!