Extraordinary Genius

Chapter 1102 – China’s internet Summit

Feng Yu continued to chat with Zhang Chaoyang for a while. Zhang Chaoyang told him that China’s first internet summit will be held in Beijing three days later.

Huh?! This is the event in which Xiao Ma, Li Yanhong, Ding Lei, Qiu Bojun, Lei Dajun, etc. attended in Feng Yu’s past life?

“Who is the organizer?”

“The Ministry of Industry and Information Technology. They had sent out invitations to companies like us, and we must attend. Do you need the invitation card to attend?”

Feng Yu’s face changed. Damn! These minor shareholders were all invited, and they did not invite me? I am the major shareholder of these companies! Are the organizers blind?!

Feng Yu is always overseas. His only position in China is the Chairman of Tai Hua Holdings. Tai Hua Holdings is not considered an internet company.

Many internet companies were invited, and some provinces had also sent their leaders to attend.

“I am not interested!” Feng Yu stubbornly replied.

Feng Yu wants to attend badly, as he wants to see if he had missed any companies.

Suppose Feng Yu manages to invest in some of the companies which will be successful in the future. In that case, he can become the leader of China’s and global internet!

In the future, the internet will enter everyone’s lives, and Feng Yu knew this better than anyone else. Everyone living in the cities cannot live without the internet. Internet TV, mobile phones, shopping, reservations, taxi, registrations, appointments, etc. are all going online.

Feng Yu wants the majority share of this big pie.

Everyone else can only get Feng Yu’s leftovers!

Zhang Chaoyang was surprised to see Feng Yu leaving angrily. They were chatting, and Feng Yu suddenly got mad.

Manager Feng had not received the invitation?

Sohu can send five people to attend this event, and their CFO and CTO must attend this event.

But Zhang Chaoyang did not tell Feng Yu that he can reserve a place for him. The other companies can also do the same.

Feng Yu returned home and waited for one of his companies to call him, telling him that his invitation is with them.

But Feng Yu waiting until the next day, and no one called to tell him about this.

Damn! I might not be holding any position in the companies, but shouldn’t you all show me some respect?!

Feng Yu called Fan Tianming. He was the Chief Fan but is promoted to Deputy Director now.

“Director Fan, I’m Feng Yu. Are you busy?” Feng Yu asked with a laugh.

“Manager Feng?! You had not called me for a while. Your Wind and Rain mobile phones and Aiwa mobile phones are selling very well.”

Fan Tianming grumbled in his heart. Feng Yu had stopped his pager production for more than a year and had let his department lose some profits. But his post offices are still making money from mobile phones.

But the post offices’ income is much lower than before. Many mobile phone shops had popped up everywhere, and Tai Hua Supermarket has specialized counters for Wind and Rain, Aiwa mobile phones.

Feng Yu wants to set up an exclusive retail store for his phones, but he does not have enough models.

“Hahaha… it’s all because of your help. Your post offices are also making high commissions from Philips and us.”

Feng Yu had introduced Philips to the Post Office to sell its products there. Philips will have to give the Post Office a cut of their profits.

The more phones the Post Office sells, the more money they will get, which will suppress other mobile phone brands like Nokia and Motorola. Nokia and Motorola phones are not selling as well as Aiwa and Wind and Rain phones. Ericsson, Sony, and other brands are doing much worse.

This strategy used by Feng Yu is another form of local protectionism.

Anyway, Philips’ mobile phone is not their main product. Their best-selling product is their shavers, and the Post Office had started selling shavers because of them. Feng Yu had not expected the Post Office to do this.

Moreover, Director Fan was promoted because of Feng Yu’s help. If Master Lu had gotten someone else to help Feng Yu, Director Fan would never get his promotion.

“We are helping each other… Manager Feng, are you going to recommend new products to me?” Fan Tianming laughed.

“No… I am calling to ask you for a favor.”

“Manager Feng, your problem is my problem. I will do my best to help and will not disappoint you!”

Fan Tianming had seen Feng Yu having meals with Ironfist Zhu’s secretary. It’s an honor for Feng Yu to approach him for help. If he rejects Feng Yu, Feng Yu can easily look for someone else.

Furthermore, Feng Yu had approached Fan Tianming, which means that this favor is within Fan Tianming’s authority. Feng Yu had approached Fan Tianming for help several times, starting from getting the Web Access permit approval. All these are not difficult tasks and are all in line with the government’s policy.

Although Feng Yu knows Fan Tianming is saying these casually, it’s still nice to his ears.

“It’s not a big problem. I heard that there will be a China Internet Summit soon.”

“Yes. I am the one who organized this. Telecommunication is under my jurisdiction.”

Feng Yu was overjoyed, as he had found the right person.

“Director Fan, which companies are invited?” You had sent invitations to so many companies but did not invite me.

“Quite a lot of companies. Almost every province will send a representative to attend this event, and some bigger internet companies are also invited. We had also invited a few smaller companies with the potential to attend. But only the representatives from the bigger companies are allowed to speak at this event. There will be a day reserve for free discussion. This event is to increase our internet development to catch up with South Korea and the US.”

Feng Yu is speechless. Catch up with South Korea? In Feng Yu’s previous life, South Korea has the best internet infrastructure in the world. Their internet speed and coverage are the best in the world.

This is also because South Korea is small, and its government had treated the internet as one of its core industries.

“Huh… I wish you success. Oh, can you give some invitation cards to this event?”

Fan Tianming laughed. “I thought you are facing some major problems. How many invitation cards do you need? Is ten enough? These are all red invitation cards, and each card can allow five people to enter. If it is not enough, I will bring your men in when you reach the entrance. If you are attending this event, this event will surely be successful!”

“Director Fan, two invitation cards are enough. Please don’t tell anyone else, as I am only going there to take a look. How about I treat you to dinner this evening? There is a Quanjude nearby your workplace. Bring your family along as this is considered a private gathering.” Damn! You want to use my name to promote this event?! Did you pay me to promote this event?! Can you all even afford to hire me?

“Hahaha… I will go over after work.”

Ministry of Industry and Information Technology