Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 81 Acquisition of Bird, Li Xiangdong Out of the Game

"Transsion offered 1.5 million yuan to acquire the Bird brand, our patent portfolio, and more than 300 offline stores nationwide."

The assistant's voice trailed off; the offer was indeed a bit low, since it didn't include the corresponding loan...

"In addition... to ensure that we do not have an excessive impact on society, they are willing to accept 70% of our employees, which is about 1000 people."

"1.5 million... Shen Fei is so ruthless!"

That's a whopping 1.5 million yuan! Even the bank loans aren't enough to repay it.

"This little bit of money has taken away the hard work we've put in over several years."

Li Xiangdong was instantly overcome with grief. He had at least paid 200 million yuan when he was preparing to acquire Transsion...

Now, it's worth 1.5 million yuan at Shenyang Aircraft Corporation.

"Such a small amount of money, with over 1000 employees... is he giving alms or humiliating us?"

The assistant dared not accept the offer, after all, he would not allow this old madman in front of him to humiliate his "new boss".

Although the results are not yet in, he believes that with his efforts during this period, he will definitely be able to join Transsion Holdings. If not a secretary... how about a middle-level manager?

Even grassroots levels are acceptable!

…………

The office door was pushed open, and two people in uniform walked in: "Mr. Li Xiangdong, we are from the Hangzhou Municipal Procuratorate."

The young man in the lead showed his identification.

"We request that you come in for investigation in accordance with the law, as you are suspected of multiple crimes including commercial bribery, embezzlement, and misappropriation of funds."

This is an arrest warrant. Please cooperate with our operation.

Li Xiangdong did not resist when the handcuffs were put on.

He looked at the cold metal in his hand and suddenly remembered the scene of his first argument with Shen Guohua.

At that time, the two were still arguing about switching to feature phones.

Although the PHS (Personal Handyphone System) was very popular, its technological content was far inferior to that of feature phones. Unsurprisingly, as a radical, he won!

He also demonstrated the competence expected of someone in power, purging Shen Guohua's entire faction.

Meanwhile, the company's other shareholders also believed that those people were too conservative, and that he was more suitable to lead the company to greater heights, but now...

He witnessed the glory of Waveguide, and also personally pushed it into the abyss.

"Let's go," the prosecutor said.

The wheelchair was pushed out of the office and down the corridor. The office building was now in a mess, all the offices were empty, and documents were scattered all over the floor.

The valuable work equipment, such as computers, had long been moved out, leaving only scattered tables and chairs.

As Li Xiangdong passed by the R&D department, he suddenly said, "Stop for a moment, let me take one last look."

He looked at the largest laboratory, which, just a few months ago, was filled with engineers debugging the Waveguide Max phone.

Now, only a few old testing devices and other ordinary functions remain in the laboratory.

"Those engineers... they've all been poached by Chuanyin," Li Xiangdong asked with a pained expression.

"We'll take them all," the assistant replied. "Transsion has established an East China R&D Center in Hangzhou, but apart from Engineer Wang and Engineer Zhang, most of these people haven't joined..."

The secretary glanced at it and spat in disgust.

"They deserved it. They all signed contracts and even asked for pay cuts in order to join Transsion, but they were all sent to the African R&D center."

Li Xiangdong closed his eyes.

Live it!

……

Outside the building, police lights were still flashing.

But the reporters, who were already prepared, immediately pointed their cameras at Li Xiangdong as soon as they saw him being pushed over.

"Mr. Li, Bird has gone bankrupt. What are your thoughts?"

"What do you think are the reasons for losing to Transsion in the African market?"

"There are rumors that you engaged in commercial bribery in order to open up the African market..."

Li Xiangdong looked up at the cameras and suddenly laughed. He had originally wanted to hysterically berate Shen Fei, but the words stuck in his throat...

"I lost, but I didn't lose to Shenyang Aircraft Corporation, nor to Transsion Holdings, but to the times."

He looked once again at the four large characters "Waveguide Technology" on the wall.

Five years ago, we won against foreign brands through price wars. Three years ago, we won against domestic competitors through distribution channels.

But now…

He glanced at the handcuffs on his hands again: "Times are changing too fast. The era of smartphones arrived suddenly. Now it's about technology, innovation, and ecosystem."

"We don't have any of these things. We were so focused on seizing the market that we neglected research and development..."

The reporter quickly pulled out his notebook and wrote down all of these words.

"Shenfei did the right thing," Li Xiangdong continued. "Building our own system, our own battery factory, and creating a complete industrial chain... it's slow, but it's the only way."

If all manufacturers were like Transsion, the mobile phone market would look completely different in 10 years. I hope that when I emerge, I will see a different industry.

He looked at the prosecutor, a hint of relief in his eyes: "Let's go."

The police officer standing nearby didn't say much; he'd seen far too many people like him. Simply put, he didn't know he was wrong; he just knew he was about to go inside.

The police car closed its doors and drove away from the Bird headquarters.

…………

At the same time, at the headquarters of Transsion in Yangcheng.

Shen Fei and Shen Guoming sat on the large screen in the conference room, watching the real-time data.

Within a week of its release, the Mate has already sold over 120 million units. The Transsion S1 is also a huge success in Africa, with cumulative shipments reaching 200 million units.

To date, Transsion's monthly sales worldwide have stabilized at around 300 million units.

"Dad, the acquisition of Bird has been completed." Shen Fei placed a document in front of his father.

"1.5 million yuan, and we've secured the brand, patents, and distribution channels. Of course, the most important office building is also ours."

The core team has also joined, and some of the more capable members have joined our team after the restructuring. The rest have been reassigned to the African market.

Shen Guoming stared at the familiar Bird logo, remaining silent for a long time.

After all, that was a place where he used to work, and where he once harbored dreams of using his abilities. In the end... all I can say is that his abilities were not enough.

But starting today, the brand is back in his hands, which also means it will be shelved from now on.

"You...you seem a little sad," Shen Fei asked softly.

"What's there to be sad about?" Shen Guoming immediately suppressed his disappointment and shook his head.

"The business world is like a battlefield, and victory and defeat are common occurrences in war. Li Xiangdong's loss was not due to a lack of ability, but to a lack of foresight. He thought feature phones could be made for another 5 years, but he didn't expect smartphones to arrive so quickly."

Of course, his biggest failure was due to his stubbornness. He was too eager to prove that kicking out our lineage back then was the right choice, and he wanted to strangle us as much as possible.

But in the end, we lost to you.

Then he looked at the engineers' assignment list again: "It's a good thing that waveguide technology and talent can continue to be used in transmission."

Even Africa would be better than this shell lying there.

Shen Fei nodded: "He certainly has a good eye; he bought all those stores, which saved me a lot of trouble."

I plan to renovate some areas, turning one part into a Transsion exclusive store and the other parts into an after-sales service center in a better location.

Bird previously had a deep distribution network in third- and fourth-tier cities, which perfectly filled our gap.