13: Chapter 13 I'm all in!

At noon,

Pang Xietang was lying on a recliner, napping,

but he was soon jolted awake by the commotion coming from the mobile phone shop across the street.

Squinting to get a better look,

he realized that a huge crowd had gathered over there again!

Generally speaking,

business at a phone shop is relatively bleak during the middle of the day,

but he didn't know what kind of madness had possessed the place across the street;

the number of people suddenly surged at noon,

and it looked like a group of college students who had come to buy in bulk.

Looking at the bustling crowd across the street,

and Bai Jingqing standing in the middle of them, explaining things enthusiastically,

he let out a sneer,

dismissing it with disdain.

A lot of people, huh?

Well, if there are so many people, then go ahead and sell!

The more you sell,

the more you lose!

I'm not in a hurry at all.

However, it seemed like this kid's scheme was actually working!

He set the price so low,

wasn't it just to attract customers?

Now, unexpectedly, he really had attracted a lot of people,

and it was surprising that in such a short amount of time,

word of mouth had already spread!

A flagship phone for 1999,

anyone who didn't buy it would be a fool,

so it was normal for there to be a crowd,

and he believed even more people would come to Bai Jingqing to buy phones.

When the time comes,

that brat will probably have to raise his prices.

And that,

would be his chance for a comeback!

He actually thought about going to the kid's shop to stock up on some inventory too;

such high specs,

for a price of only 1999,

it was indeed a sweet deal!

But after thinking it over carefully,

he abandoned the idea.

First of all, the guy across the street had a grudge against him,

so he definitely wouldn't sell to him.

Secondly, even if he found a stranger to help,

and bought a few xiaomi 4 units from across the street to sell in his own shop,

what price would he set?

If he set it high, people would rather buy from across the street;

if he set it at 1999, the same as across the street,

then what was the point?

To help the competition sell?

Furthermore, this xiaomi phone thing

was a knock-off brand he'd never even heard of;

there was no telling when it might go bankrupt or blow up.

Rather than thinking about that,

it would be better to put more effort into helping Chairman Xue,

and then stock up on a few more Li Xiang Phones when the time came.

Thinking of this,

he immediately called Xue Haixin to report: "Chairman Xue,

I don't know what's gotten into that kid at noon,

but the number of people coming to his shop to buy phones has suddenly increased by a lot."

Xue Haixin: "Is the price still 1999?"

Pang Xietang looked at the sign outside,

which hadn't been changed yet: "Yes, it's still 1999."

Xue Haixin nodded: "That's quite normal,

after all, with a price of 1999,

many people will likely come because of the reputation,

thinking to hurry up and buy the phone first,

fearing the discount might disappear at any moment.

But you don't need to worry,

let him sell for now;

no matter how many he sells, at most he'll sell a few hundred units,

and he will definitely raise the price later!

When that happens, you use the phones you get through our channels at internal prices,

and set your price just a bit lower than his,

sucking dry all the customer traffic he attracted.

If he drops his price, you follow him;

if he drops it lower than the cost price of our Li Xiang Phone,

then you raise yours back up and let him sell at that loss on his own.

Whether he raises or lowers the price then,

it'll be a loss for him!

That kid can just wait to go bankrupt,

while you'll take off directly, won't you?"

Pang Xietang repeatedly agreed,

praising President Xue for his brilliant foresight and clever strategy!

Xue Haixin enjoyed Pang Xietang's flattery very much,

and at the end, he added another instruction: "Keep a close eye on him.

If he really can't hold on anymore,

then tell him

that as long as he can hand over that file,

I am not the kind of person who forgets old ties;

for the sake of his parents,

I am willing to give him a way out."

Pang Xietang nodded,

but asked somewhat curiously: "Chairman Xue,

may I be so bold as to ask,

what exactly is in that file?"

Xue Haixin: "Don't go prying into things you shouldn't know!"

Thinking that Pang Xietang still had some use,

and that his tone just now might have been a bit harsh,

he added as if to smooth things over: "Actually, it's nothing much,

just a CPU architecture proposal.

His parents, like me,

were from a technical background.

When we were collaborating back then,

I heard that they had already envisioned a newer and better CPU architecture,

which they claimed could significantly improve CPU execution efficiency

and enhance processor performance.

So I'm very interested in it.

If it weren't for that file,

I would have had the bank drive him to a dead end long ago!"

Pang Xietang rubbed his chin.

So that was it.

He had thought Bai Jingqing had something extraordinary in his hands,

but it turned out to be just a CPU architecture proposal.

He was just a phone shop owner

and didn't have much interest in developing things like processors;

that was work for big companies like Li Xiang Technology.

They could eat the meat,

and he'd be happy just to follow along and have some soup.

Thus, he valued this opportunity to cling to Li Xiang Technology even more.

Xue Haixin said: "Don't think too much about it,

you just need to keep an eye on him for me.

The same as before,

if he has any unusual movements,

call and report to me directly.

As long as you do a good job,

I certainly won't mistreat you!"

Pang Xietang nodded repeatedly: "I know Chairman Xue is a man of great ambition,

and I believe in Chairman Xue's ability!

When the time comes for Chairman Xue to eat meat,

I'll be fine just following along for a sip of the soup."

Xue Haixin laughed loudly: "There will definitely be a chance for you to have some soup!

Now you just wait for him to raise his prices,

and in the meantime, you can prepare your inventory in advance;

just come to our Li Xiang Phone headquarters to pick up the goods.

As I said before,

at cost price,

I'll give you as much stock as you have money for!

This is definitely a great chance for you to make a fortune.

As you know,

currently, the only one that can stand firm in the domestic high-end market

is our Li Xiang Phone.

If you carry our Li Xiang Phone stock,

will you even have to worry about selling it?"

Pang Xietang repeatedly agreed again.

What Xue Haixin said was indeed the truth;

nowadays, for phones that can sell for seven or eight thousand, nine thousand, or even over ten thousand,

aside from Li Xiang Technology, which is doing okay,

other companies simply don't have the strength.

Even if they set their prices very high,

consumers wouldn't buy them.

Because in the eyes of ordinary people,

phones from other brands simply aren't worth that price!

But Li Xiang can,

because it is currently the largest domestic mobile phone manufacturer in the country.

For phones that can sell for eight or nine thousand, or even over ten thousand,

if you were to talk about how much they actually cost to make,

it's really not that much.

More often than not, it's a brand effect

combined with technological exclusivity,

which is why the price is so high.

Low cost and high selling price

meant that the profit on each phone would be quite substantial!

Pang Xietang imagined the future scene of a crowd gathered at his door to buy phones,

thought about his wallet being stuffed full,

and thought about being able to get a new car.

He became even more excited

and said: "President Xue, I will follow you to the death!

This time, I'll sell my house and my car to get in on this;

this time, I'm going all in!"