Extraordinary Genius

Chapter 627 – Giving out authorization like crazy Part 1 of 2

To set the industry standards, others must first accept it. If no one recognizes the standards, it will be useless!

The DVD industry standard was also the same. There must be people to produce the DVD first and customers who buy it. This way, the DVD market will be opened up.

MPEG technology belongs to Feng Yu. No matter how advanced the other companies were, they could not use this technology. If they used this technology to make money, it would be an infringement!

Feng Yu wants to see how the other companies set the industry standards without the patents. I will let you all try to set the DVD standards and then throw in a bait. I will see if you all are willing to take the bait!

After Wind and Rain Electronics and Philips developed the Super VCD player, Feng Yu will ask his men to call for a Technology Authorization Tender.

Sony, Toshiba, and the rest of the companies must be feeling proud now. We are going to introduce new technological standards for this industry. Are you shitting your pants? You are being forced to give out authorization for your patent?

When we develop the more advanced 3rd generation of technology, we will be having the final say in this industry!

Of course, those companies were still interested in MPEG technology. If they could produce VCD or use the MPEG technology to develop MPEG-II technology, they would be able to produce DVD. The profits they will get will be higher.

If Wind and Rain Electronics still hold on to the MPEG-II technology, it's okay too. We will set the standards for all the related technologies, and you all will have no choice but to use the MPEG-II technologies to exchange with us. We will still have profits!

Those companies were glad to make profits earlier. They were invited by Feng Yu to this Technology Authorization Tender.

Sony, Toshiba, Hewlett-Packard, Pioneer, and many large electronics companies gathered in China again. Previously, they had only sent regular representatives. But now, the lowest ranked representatives were at least a Vice President.

All the companies knew the value of this technology. If all the companies worked together and did not introduce DVD temporary, they would make high profits from just VCDs.

Wind and Rain electronics was not able to grow their VCD business was also because of these companies. These companies had worked together to stop VCD players from being popular. If they also produce VCD players, they would help to open up this market.

These companies abided by a rule. Profits come first. If companies have a common goal and will get profits, they could forget everything in the past and work together for more profits.

……

“Feng Yu ah…… I heard that Wind and Rain Electronics is calling for a Technology Authorization Tender and lots of international electronics companies will be taking part. Why is it not held in Bing City?” Zhang Ruiqiang heard news of this tender and called Feng Yu.

“You also said these are international electronics companies. This technology is also not related to Bing City. Wind and Rain Electronics headquarters is also in Hefei. I set the location in Beijing is because it is more convenient. Furthermore, there will be leaders from the central government participating. If you are interested, I can send you an invitation. You can come over and take a look.”

Beijing was a big city, and it represented China’s image. Bing City was too rural and was not very accessible. The last time, many exhibitors had complained that it was hard to get a taxi in Bing City.

“Forget it. I am very busy. Just don’t forget your hometown the next time.”

“Ok. Songjiang Motorcycles will be introducing its third generation of bikes. Songjiang Light. I am sure Bing City will be bustling with life when it is launched.”

Zhang Ruiqiang hung up the phone. He was pleased. For Bing City’s developments, he got to be shameless at times.

……

Deputy Mayor Liu shook Feng Yu’s hands: “Manager Feng, thank you so much. Your tender had attracted so many MNC to our city.”

“Mayor Liu, I can’t help you much in getting investment from them. It will be up to you to get them to invest. Our company’s headquarters is in Hefei. The leaders there are scolding me behind our backs.”

“The leaders there are too much. Why not you move your Wind and Rain Electronics headquarters to Beijing. I will take care of all the paperwork for you and will offset the taxes for one year. What do you think?” Deputy Mayor Liu joked.

Feng Yu smiled and politely rejected his offer. Although he sounded like he was joking, if Feng Yu agreed, Deputy Mayor Liu would surely do what he said. The taxes paid by Wind and Rain Electronics was a significant amount.

It would be Deputy Mayor Liu’s credit if he could get investments for his city. He did not care which city did he snatch the investments from.

“Mayor Liu, those foreign businessmen are proud and arrogant. But all of them still have to travel all the way here to buy our technology. So, during the negotiations, you must not give them too many benefits, and you must make sure to protect the environment. We must not let their factories pollute our capital.”

“I know. Actually, it is not suitable to set up factories in Beijing. We will not give them good conditions. But if they are willing to set up their China’s branch headquarters in Beijing, we will still give them some preferential policies.”

Feng Yu was overthinking. Deputy Mayor Liu could climb his way to this position means he was not stupid. He was a smart person. All he wanted was the company and not the factories.

“The tender is about to start. Let’s go.” Feng Yu said.

Deputy Mayor Liu gave an opening speech. He praised Wind and Rain Electronics, China’s electronics industry and then talk about how business-friendly China was. He hopes the companies will come and invest in China before announcing the start of the tender.

Actually, it does not matter whether Deputy Mayor Liu attended this tender. Feng Yu had invited him was only to help him get some credit and to foster a better relationship.

The one who decides which company will win the tender was still Feng Yu.

Jiang Wanmeng went up to the stage and looked at the audiences. He was very excited. These were representatives from the top electronics companies, and they were listening to him talk.

Jiang Wanmeng took out a WWind and Rain VCD player and showed the features. This VCD player was a newer model from the one that was displayed at the Electronics exhibition. There were a lot of added features, and it was lighter and smaller.

“Previously, our country had held a World Consumer Electronics exhibition, and many of you had noticed our products. Many of you had approached us to buy the authorization for our patents. But at the time, our company had just introduced this product and had rejected most of you. Now, our company realized that one or two companies are not enough to open up this market. For our company’s growth and the consumers to enjoy this product earlier, we decided to sell the authorization for our patent to other companies.”

“The authorization is straightforward. We, Wind and Rain Electronics, must get at least 50 USD patent fees for every VCD player produced. This is because we had invested a lot of money in the R&D for this technology.”

Sony’s representative raised his hand and asked: “Didn’t you develop the MPEG-II technology? Why are you not giving out authorization for that technology? We are not interested in the first generation technology.”

Jiang Wanmeng nodded. “Ok. Security, please show the representative from Sony to the door. They are giving up their opportunity to get the authorization. Are there any other companies that are not interested too? You all can leave now.”

Sony’s representative was stunned. I am kicked out just like that?