Chapter 74 Sold Out

Chapter 74 Sold Out

Chapter 74 Sold Out
As soon as the Zhiyun mobile phone was released, the flagship stores in various places reported that it was sold out. In addition, there were also reports that scalpers increased the price to buy the mobile phones and sell them at a higher price, which instantly set off a firestorm on the Internet...

When everyone saw the news and then looked at the hundreds of meters long queues in the specialty store, they couldn’t help but wonder: Is this thing so popular?
Can’t buy it even if you have money?
Is that an exaggeration?
The reality is, it’s really that exaggerated…

By the time pre-orders closed before the release on February 8, more than 39,000 units had been pre-ordered.

The total cumulative orders from Weiku Trading and several other large first-tier channel dealers, China Unicom, etc., exceeded 400,000 units!
These existing orders alone are enough for Weiku Industrial to work overtime day and night for at least five months!

The contract for BYD's foundry factory has just been signed and it is still in the stage of emergency debugging and trial production. It will take some time to ramp up production capacity if it wants to enter into real large-scale mass production.

Zhiyun Mobile is currently in a state of being overwhelmed with orders and having a serious shortage of production capacity.

On the first day of sales, there were not many stocks mobilized, so naturally there were not many stocks distributed to the offline flagship stores and online flagship stores.

It's natural that they are sold out in an instant.

When Ji Chenghe was interviewed, he said something that made other mobile phone manufacturers vomit blood: "Although our Zhiyun mobile phones are good in many ways, please buy them rationally!"

After saying this, he said with a sad face: "Our OEM factory production line is already smoking. With such a large order pouring in, we simply can't handle it... We simply can't handle it!"

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Ji Chenghe's words not only made other mobile phone manufacturers jealous, but even Bai Qiwen from his own brother company, Weiku Electronics, felt uncomfortable after hearing these words in the report!

After the press conference, Bai Qiwen has contacted Xu Shenxue several times in a row... He just wants to develop smart phones in Weiku Electronics. Not the kind of small-scale preliminary research that is being done now, but to start quickly and strive to produce the phone for mass production and sales in the fall.

Xu Shenxue naturally also wanted WeCool Electronics to produce mid- and low-end mobile phones. Now that the high-end market has begun to be harvested, it is common sense to enter the mid- and low-end market next.

But money is hard to come by!

Although it is widely rumored that he has a net worth of tens of billions, in fact, the market value of Zhiyun Technology is false.

At the same time, the money raised by Zhiyun Technology is the company's money, which is used for mass production, research and development, marketing and other operations. It is not something that Xu Shenxue can transfer and use at will.

These funds are being monitored by financial personnel sent by investors from all sides!
In this regard, Kong Weiquan gave Xu Shenxue a good idea:

"We can let Zhiyun Technology invest in Weiku Electronics and exchange some shares for some funds. This can also be regarded as an indirect layout of the mid- and low-end markets!"

After hearing this idea, representatives of various investment funds said that they could also give it a try. By acquiring shares in Wecoo Electronics, they could enter the low-end and mid-end markets and strive to take over the low, mid-end and high-end markets.

Not only Weiku Electronics, but also Weiku Industry and Weiku Trading, Zhiyun Technology will also hold a portion of the shares.

Weiku Industry is a contract manufacturing factory. Although it is small in scale, it is its own factory after all, and all aspects are easy to control.

Not to mention Weiku Trading, which has its own channels, and it is common practice for mobile phone manufacturers to invest in channel dealers.

Of course, the investment shares will not be too large. On the one hand, Zhiyun Technology seems to have a lot of funds, but it also uses many projects, so it can’t actually squeeze out much money.

On the other hand, these companies seem important, but their current valuations are not high, at least in the eyes of investors.

If too much money is needed, a large number of shares will have to be given up, but Xu Shenxue thinks it is not cost-effective.

So just invest a part of it first and get some small money to accelerate the expansion.

In this case, if everything goes well, Weiku Electronics will be able to obtain part of the funds to start the research and development of mid- and low-end smartphones!
The smartphone developed by Weiku Electronics is expected to be priced at more than 1,000 yuan. The specific price depends on the final cost and the situation of market competitors. If there are few competitors, the price will be higher, and if the competition is fierce, the price will be lower. If everything goes well, it is estimated that this low-priced smartphone will be released in June or July...

Anyway, Weiku Electronics does not need to do too much research on technology in the early stages, because many key technologies have already been licensed from Zhiyun Technology.

Before the formal financing, Zhiyun Technology had already reached a series of technology licensing agreements with Wecoo Electronics, so Wecoo Electronics can use a large number of Zhiyun Technology's technical patents.

For example, the most critical thing is the YUN OS system, which has been authorized for use. Later, Weiku Electronics will slightly modify the interface and change the name.

The situation is similar in hardware. Zhiyun Technology has already paved the way, and Weiku Electronics is following suit by leveraging its traditional advantages in copycat mobile phones, purchasing relevant spare parts for assembly, and then putting together a low-cost mobile phone.

Bai Qiwen said that they will be able to complete the research and development of the first smartphone by June at the latest, and then enter debugging and prepare for mass production, and it will be available for sale around August.

With the technical support provided by the big brother company, we are so confident!

Xu Shenxue didn't worry too much about Bai Qiwen's troubles at Wecoo Electronics. After all, the brand strategy and general direction had already been decided. As long as Bai Qiwen didn't mess around and followed the routine, there wouldn't be any major problems.

Recently, Xu Shenxue’s focus is still on Zhiyun Technology’s mass production plan.

In just a few days, he had personally visited BYD's OEM factory three times... leaving the factory speechless, saying that it was useless to come here every day.

Production line debugging and worker training both take time.

Even if the OEM factory has made a lot of preparations before, there are still many things that need to be resolved when the time comes, and it really cannot be done in a short time.

Otherwise, the yield rate cannot be guaranteed!
Xu Shenxue was naturally very clear that there was no rush... He went over frequently just to express his importance and urge the other party to speed up.

The money is right in front of you. If you don’t hurry up and get it back, you will feel guilty!
So Xu Shenxue has been visiting the first-generation factories when he has nothing to do recently, and he also contacts the core suppliers every few days. He even goes there in person to urge them to speed up production and delivery to ensure the smooth operation of the supply chain.

Because he has been on a lot of business trips in recent days, flying all over the country, Secretary Li has also become a frequent flyer every day.

After another business trip, Xu Shenxue returned to Shenzhen.

As soon as the other accompanying personnel left the airport, they went home to sleep. These accompanying personnel had been working around the clock these days, and although Xu Shenxue was also busy, he still found time to rest.

But those who are responsible for the supply chain are different. They also have to make various contacts, and they are almost exhausted after going through all this.

So after getting off the plane, everyone went back to their homes to rest and would come back to work tomorrow.

Secretary Li had nothing to do, so he followed Xu Shenxue to work.

She was not responsible for these business matters. When she went on business trips with Xu Shenxue, she was responsible for taking care of Xu Shenxue's life, booking his air tickets and so on.

So don't say she was busy. When Xu Shenxue and his colleagues were having long negotiations with partners in the conference room, she still had free time to walk around and take a look outside.

After arriving at the company, Xu Shenxue went directly into the office to start processing various documents, while Secretary Li returned to the general manager's office.

As soon as she entered the office, Secretary Jin, who looked like a comic book heroine, noticed the necklace on Secretary Li's neck. She leaned over and said, "Sister Li, your necklace is so beautiful. Why haven't I seen you wear it before? Did you buy it new?"

(End of this chapter)