Feng Yu noticed Bill Gates straightened his back when Steve asked this question. Seems like Bill Gates was also interested in this question.
"Consumer electronics, including some electrical appliances, are my main investments. Here, that multi-functional Super Fan is developed by my company. Currently, it is selling well all over the world. "Feng Yu smiled and said.
"Can I understand that this Wind and rain Super Fan belongs to you?" Steve asked seriously.
"I am the controlling shareholder."
Steve remembered this and continued to ask. "What do you mean by consumer electronics? Is it this Wind and rain brand? "
"That's right. Here, that Super VCD player is the Wind and rain brand. My company is the world leader in this technology. Have you all not heard of VCD? "
Feng Yu had redecorated his office. He had used lots of Wind and rain and Aiwa products. He hopes everyone who enters his office will notice these products. Also, he is more used to using his own products.
VCD？ That is also Feng Yu's?
Steve had thought that Hua Xia's government had introduced VCD. Didn't Hua Xia's most profitable industries are state-owned enterprises?
Could there be some misunderstanding?
"VCD player is also the Wind and rain brand? That means Wind and rain brand is worth a lot. Can you tell me how much is Wind and rain brand worth?"
Steve had heard that Hua Xia's people do not know how much a brand is worth. Will this question be too difficult for Feng Yu? But Forbes magazine had published embarrassing stories of tycoons before. As long as the article is truthful, it will be fine.
"10 billion." Feng Yu replied casually.
"Feng, I am talking about USD." Hua Xia's people love to use Hua Xia dollars. Don't they know that USD is the most common currency in the world?
"I'm talking about US dollars." Feng Yu looked at Steve strangely.
Steve is going crazy. This Feng does not know what brand value is. 10 billion USD? Do you think you are Disney?
"Feng, did you misunderstand something? The value of a brand does not refer to the value of the products or factories under the brand. It refers only to the brand's trademark. " In fact, Steve felt that even with the products, factories, and everything else, the Wind and rain brand was not worth 10 billion USD!
"Of course I know. Have you ever heard of Wind and rain? "
Steve frowned and nodded. "Yes, I've bought a humidifier before."
"What about you, Bill?" Feng Yu turned to look at Bill Gates.
"I have also used humidifiers and bought bladeless fans. At that time, this was the only brand, right?"
"You've all heard of it, but do you usually pay attention to ordinary brands? This shows that our Wind and rain brand is deeply rooted in the hearts of the people. Even tycoons like you are using our products. Our humidifiers, bladeless fans, VCD players, etc. are the best in the world. The related patents are all in my hands. "
"Although this Wind and rain brand had not been around for long, it is well-known. In some industries, it is the world's number one brand, and it is still growing. Most importantly, it is Hua Xia's most famous brand, and it is the number one brand in the world. Any electrical appliances with our Wind and rain brand will sell well in Hua Xia. Do you think a brand with a population of more than 1 billion and the world's number one brand is not worth 10 billion USD? In a few more years, this brand value will continue to increase! "
Any electrical appliances with the Wind and rain brand will sell well in Hua Xia? If this is the case, then this brand is more powerful than Sony and IBM?
But this is too much. How can there be such a powerful brand?
Feng Yu is not exaggerating. Hua Xia's electronics and home appliances brands are not doing better than Wind and rain. What brand is below Wind and rain? Aiwa!
Steve thought for a while and did not refute Feng Yu. He decided to ask the next question. But this sentence can be used as a headline. A boss with a brand value of 10 billion USD will surely sell well!
"What else? Other than electronics and home appliances, have you invested in any other industries? "
"PC related industries. Hua Xia is the biggest PC manufacturer, and I have some shares in it. I also have some shares in the world's biggest software manufacturer. "Feng Yu smiled.
Steve was not happy with Feng Yu's dodging his questions. He still does not know why Feng Yu can afford to buy so many Microsoft shares.
"Feng, can you tell me what you did when you started your business?"
"Humidifiers and bladeless fans. At that time, my products had monopolized the market, and I was sued by many states in the US. But monopolizing these products is not illegal, right? Microsoft's products are also monopolized in some regions, and they were not punished, right? That only proves that our products are the best in the world. After Hua Xia's other brand entered the US market, the lawsuits stopped. "
Feng Yu purposely showed a proud look when he said this. He is a young man, and if he is too mature, it will be weird. Young and frivolous, arrogant, and indulgent. This was in line with everyone's expectations and cognition.
Sure enough, after Feng Yu said this, Steve had a look of disdain in his eyes, and Bill Gates is impressed by what Feng Yu said. That's right. Microsoft had monopolized the market, but so what? So what if they had signed an agreement with the government? Can the situation change? Microsoft is still the leader in the software and operating system industry. They are the best in the world!
"Pardon me for being direct. Are the profits from the humidifiers and bladeless fans very high?" Steve asked.
This question is not easy to answer. If Feng Yu says the profits are not high, then Steve will continue to ask Feng Yu how did he earn so much money. If Feng Yu's answer is very high, then people will think it is because of the high profits from monopolizing the market. This will affect the brand and might affect the sales of their products.
"The R&D cost is also high. Do you know how much money we spent on the development of the bladeless fan's fan head angle? Also, we must maintain our leading technologies. How much do we need to invest? How much is a top researcher's salary? How much is a good manager's salary? You can look at Microsoft. How much do you think that system costs? But how much is the retail price? Do you think it is expensive? Technology and creativity are priceless! "
Feng Yu used Microsoft as a shield. Microsoft's profits this year should be a few billion USD, but how much is the cost? Exquisite skills, good creativity, and so on, some of these could not be measured with money.
Bill Gates agrees with Feng Yu's answer. As for Steve, he couldn't find any words to refute. But the problem is … … he still does not know how Feng Yu made so much money!
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