39: Chapter 39 Groundbreaking Ceremony for Overseas Factory

The two looked at each other again from a few paces away, as if an invisible wall of air stood between them, and time seemed to stand still. After a while, Mr. Ren slowly sat back down in his chair: "I need to consult with the board of directors."

"Of course." Shen Fei also sat down.

"I hope it can be soon. Transsion's funds are ready and can be transferred at any time. And..."

Shen Fei leaned closer to Mr. Ren's chair: "Moreover, we have received some news. Motorola may not be able to hold on much longer; it is possible that they will sell themselves to Google in the next year or two. This economic crisis is far more severe than we imagined."

Mr. Ren's eyes widened; he was unaware of this news.

Most importantly, Motorola was currently the hegemon of the mobile phone market, second only to Nokia...

"How do you know?" he asked in a low voice, feeling a sense of secret delight, but more so, a sadness for the downfall of a titan.

"There is no such thing as an airtight wall in the business world." Shen Fei did not answer directly; he certainly couldn't say he was a reincarnator.

He couldn't explain that Google's acquisition of Motorola was merely for its patents, and later, after this stepfather had finished transferring the patents and absorbed all the value, it found a new stepmother for it for over 2 billion, and the other party was absolutely thrilled about it.

"Mr. Ren, time waits for no one, especially in this economic crisis. Transsion comes with sincerity; with 4.2 billion USD in cash, we only seek to share technical achievements and jointly build a mobile phone ecosystem belonging to China. You won't find another offer like this."

Dong, dong. The hands on the wall clock pointed to 11 o'clock, and the bell chimed. Mr. Ren did not speak, but instead picked up the internal phone.

"Notify the board members; there is an emergency meeting at 2 PM. All heads of the terminal business who can attend must come."

After hanging up the phone, he looked at Shen Fei: "Mr. Shen, regarding the meeting this afternoon, I hope you can attend and present your proposal to us again."

"It would be my honor."

The afternoon board meeting lasted over four hours.

From the moment Shen Fei appeared, drawing curious gazes from everyone, to the subsequent questioning of Transsion's technology and even its ability to produce the funds, and finally to the calculations...

It wasn't about calculating how much profit they could make, but rather calculating the probability of this unlikely technological war.

After all, globalization is the future; it's impossible for any country to go against globalization and use all its power to target a single technology company, right? Surely, no one could be that stupid.

But under Shen Fei's in-depth analysis, the two sides finally reached an agreement at 7 PM.

Huaxin Investment would invest 2.2 billion USD to acquire a 50% stake in Huawei's terminal business. The board of directors would have 7 seats, with Huawei holding four and Huaxin holding three. Mr. Ren would serve as Chairman, and Shen Fei would serve as Vice Chairman.

The agreement also included technical sharing terms: Transsion's Taishan Project achievements would be used by Huawei's terminal business, and Huawei's communication management and technology platforms would be opened to Transsion.

By the time the final agreement was signed, it was already 9 PM. When Mr. Ren shook hands with Shen Fei, he patted him firmly on the shoulder.

"Mr. Shen, half of the future of Huawei's terminal business is now in your hands."

"Rest assured, Mr. Ren, Transsion will not let you down." Shen Fei said solemnly, holding the equity split document in his hand.

It was very late when they walked out of Huawei's base. Huang Tianya said excitedly: "Mr. Shen, we really did it. When you asked me to acquire other companies, I was full of confidence, but when you asked me to acquire Huawei, I didn't have that much confidence. After all... this is simply..."

"This is just the beginning." Shen Fei interrupted him, a flash of excitement also crossing his eyes.

With the future largest private scientific research giant in the country, plus his own cheat code, he wondered if the sanctions from the United States would be even more stimulating.

"What we need to do next is to integrate resources as quickly as possible. Notify Chen Hai that the Taishan Project is to be fully accelerated. Also, notify the Africa team that we are going to officially build our first Africa factory."

"In addition, we need to quickly prepare the gaming platform for the Smartphone; that PopCap is a potential stock, so let's acquire it as soon as possible."

"Understood. We will send people there next."

Sitting in the car, Shen Fei looked at the place again; he now had his own assets here. Having acquired this future potential stock, he would just have to wait for it to blossom and bear fruit.

However, the most important thing now is to make Bird suffer a major loss in the Africa market and properly consolidate their base. After all, lessons are the best protective talisman.

Then, he looked towards the direction of Yuexiu District; Zhang Mingzhu's competition should have ended by now.

Just then, his phone rang; it was a message from her: "The competition is over, we won first prize. Are you free tomorrow?"

Shen Fei smiled and immediately replied: "I will come to pick you up tomorrow and hold a celebration party for you."

After sending the message, he closed his eyes. Both his relationships and his career were moving forward; everything was going according to plan.

The Indian Ocean, Port Louis, Mauritius. The sea breeze in December still carried a salty, humid scent, but it didn't affect the lively atmosphere here at all.

This was a construction site that had just been leveled, with red and white warning tape cordoning off a 50-mu plot of land. In the center stood the backdrop for the groundbreaking ceremony.

It was written in Chinese, English, and French: "Transsion Technology's First Overseas Manufacturing Base Groundbreaking Ceremony."

Mr. Adebayo stood on the temporarily erected podium wearing a dark gray suit.

Sitting below were the Minister of Industry of Mauritius, the Director of the Investment Promotion Agency, and because Transsion had become completely famous in Africa during this period, there were also counselors from the embassy in Mauritius, as well as dozens of other political and business representatives, and local media reporters from Mauritius.

More than a month ago, Transsion only had about 30 stores in Mauritius.

But after comprehensive analysis, this island nation possessed unique advantages; in chaotic Africa, its political situation was quite stable, taxes were relatively favorable, the quality of the labor force was relatively high, and its geographical location was even more superior, sufficient to cover the Southeast African market.

Finally, after discussions, it was decided to build the first overseas factory here.

The relevant officials in Mauritius had never expected that Transsion, which built mobile phones for the African people, would set up a branch factory there.

It only took two days from the news getting out to confirmation; it was simply like a pie falling from the sky, so after learning the news, they were very cooperative and gave the green light in all aspects.

In less than a week, they had prepared this groundbreaking ceremony. This was simply a miracle in Africa!

"Respected Minister, distinguished guests, friends." Mr. Adebayo opened in fluent English. "Today, we will witness an important step in Transsion Technology's globalization strategy. The official launch of the Mauritius manufacturing base construction project."

Applause erupted from below. Especially the Director of the Investment Promotion Agency, whose clapping motion almost became a blur.

God knows how excited he was after receiving this news. This was an investment from a technology company! And it wasn't even a high-pollution technology company; although it was just an assembly plant, it was enough to make him excited. As for requirements, there were none; keeping this big benefactor was the most important thing.

"This factory has an estimated total investment of about 50 million USD. The equipment factory will go into production next June, with an estimated annual production of 3 million mobile phones. It will create 1,500 jobs."

"This means that 1,500 families will no longer have to leave their hometowns and can get rich right here locally."