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Chapter 260 - Chapter 260: The Walking 1.3 Billion, Patent Barrier!

If "Love Is Not Blind" was a box office dark horse, then "Lost in Thailand" was a god horse!

In its previous life, "Love Is Not Blind" only had a box office of over 300 million.

Thanks to Wang Yi's investment, increased promotional efforts, Meiyou's traffic, daily trending topics, and overseas release, it finally achieved a box office of 800 million!

But "Lost in Thailand" in its previous life directly took 1.267 billion at the box office, becoming the annual champion!

Whether in terms of quality, box office, or popularity, it completely crushed "Love Is Not Blind."

Now, with Wang Yi's investment and resource support, it wouldn't just be a 1.2 billion affair; hitting 1.5 billion, or even 2 billion, is hopeful!

Originally, Wang Yi was worried about not having capable film directors under him.

Now it's good, Xu Zheng has delivered himself to the door, and even brought the box office champion "Lost in Thailand" with him!

How is this a new director?

This is clearly a walking 1.3 billion!

What a pleasant surprise!

As for Chen Cheng, he is not mature yet and needs some polishing, another half year of refinement.

This way, Chen Cheng's "Detective Chinatown" will start filming in the second half of next year, perfectly timed for a 2013 release!

In 2012, they'll still have to rely on Xu Zheng's "Lost in Thailand"!

As for character and the like, Wang Yi didn't care.

In business, it's just business; they are all tools working for him.

To put it bluntly, Xu Zheng has strength and knows when to advance and retreat, so Wang Yi would give him opportunities, heavily rely on him, and invest in him.

With both sides cooperating, after box office sharing, Wang Yi would make hundreds of millions, and Xu Zheng would also gain both fame and fortune, rising from a new director to a first-tier director, with his status soaring!

Everyone would be happy.

If the other party doesn't understand the bigger picture or is ignorant, then sorry, they would be discarded!

Even for the next "Lost in Hong Kong," Wang Yi would prepare the script in advance and find other directors to film it.

In the entertainment industry, there's never a shortage of talented actors, let alone talented directors.

What's lacking is sufficient funding and a guaranteed hit script!

And Wang Yi happens to have both of these!

In reality, a guaranteed hit script, as long as the director's skill is online, the actors' performances are online, and funding is sufficient, has a high probability of becoming a massive hit, even if it's a remake!

Precisely because of this, many massively successful domestic films in the previous life were direct remakes of popular foreign films.

For example, Chen Cheng, after "Detective Chinatown," embarked on the path of no return for remakes.

"Sheep Without a Shepherd 2," which he produced, was actually a remake of India's "Drishyam."

"Lost in the Stars," which he supervised and grossed 3.5 billion, was also a remake of the obscure Soviet Union film "A Trap for a Single Man."

It can be said that as long as the script is good, even a remake can become a massive hit!

What's more critical is that everyone followed suit.

So much so that many directors and producers in the previous life abandoned originality and directly started playing remakes with Chen Cheng.

The hugely popular "Yolo," Director Zhang's daughter's "Victim," and so on, were all remakes!

However, 2011 was still okay, with originality being dominant.

It's just that originality demands much higher requirements for scripts.

This also led to 80% of current films being in a loss-making state, with smaller losses in the tens of millions and larger ones in the hundreds of millions.

But Wang Yi doesn't need to worry about this problem; he has plenty of high-quality scripts and abundant funds.

As long as he finds powerful directors and high-quality actors, he just needs to make it.

As for offline cinema promotion and distribution, that's even less of a problem; there are specialized distributors to handle it.

Distributors get a few percentage points of box office revenue, and their job is to communicate with cinemas, promote, and distribute!

Of course, Wang Yi has his own platform, which is also a very powerful promotional channel, considered as having his own resources and traffic.

As for online distribution after cinemas finish showing, owning Xingyi Video makes it even less of a problem.

Whether it's immediately launching online paid viewing after release, or transitioning to free viewing for members after a while, Wang Yi makes all the decisions.

It can be said that Wang Yi is not only the producer but also half of the distributor!

As for directors, Wang Yi took a very detached view.

Whether it's Xu Zheng or Chen Cheng, if they are sensible, he would heavily rely on them and cultivate them vigorously.

In the future, they could become the exclusive powerful directors and producers for Xingyi Media, allowing them to gain both fame and fortune, and win awards until their hands ache.

If they are not sensible, he would drain their remaining value, kick them out, and replace them with someone who is!

To put it bluntly, it all depends on the other party's performance!

Wang Yi smiled slightly:

"Director Xu, please sit, have some tea!"

"Thank you!"

Director Xu was still a bit nervous; the person opposite him held too high a status.

"Chairman Wang, this is a film I'm preparing to shoot, its name is 'Lost in Thailand'!"

Saying this, Director Xu presented the script.

"'Lost in Thailand'!"

Wang Yi took the script, secretly delighted, it was indeed as he expected.

Damn lucky.

A person's reputation precedes them, like a tree's shadow.

Wang Yi's generous investment in "Love Is Not Blind" and his help in making "Love Is Not Blind" a box office hit had long made him famous throughout the entertainment industry.

It was normal for Xu Zheng to come knocking today.

In fact, in the future, many more directors would probably come knocking with their scripts.

This is excellent!

Wang Yi took the script, didn't even look at it, and just placed it on the table.

Xu Zheng's heart sank, he had a bad feeling:

'Is Chairman Wang not interested? Is it going to fall through?'

Wang Yi, however, smiled slightly:

"I won't read the script; you tell me what kind of story it is. Only if it moves me can it move the audience."

"Alright, Chairman Wang, the story goes like this..."

Xu Zheng breathed a sigh of relief and began to narrate.

Wang Yi listened and nodded, the plot was similar to its previous life.

But many parts were different, slightly flawed, not mature enough.

Wang Yi pointed out these areas one by one.

Xu Zheng's eyebrows lifted with joy:

"Chairman Wang is amazing, I hadn't even thought of that, there are indeed problems. But what's the best way to handle them?"

Wang Yi gave suggestions based on the plot in his memory.

Xu Zheng immediately prostrated himself in admiration:

"Chairman Wang is brilliant, this makes it much more perfect. It directly turned a flaw into a highlight!"

Wang Yi smiled faintly:

"Not only that, if you film it well, it might even become a famous scene!"

"Yes, thank you for your guidance, Chairman Wang, I've learned a lot!"

Xu Zheng was incredibly excited.

He never imagined that Wang Yi was not only so approachable but also so professional.

Wang Yi could pinpoint the flaws Xu Zheng couldn't find with extreme precision.

Wang Yi could easily provide perfect solutions to problems Xu Zheng couldn't solve!

For a moment, Xu Zheng was overcome with excitement.

This wasn't just a benefactor who recognized his talent, but also a mentor who guided him through confusion!

Who wouldn't be bewildered by this?

Du Tianhua was like this back then, and Xu Zheng was even more so now!

He only felt he had met a kindred spirit, a noble person!

The two talked for a whole morning before finishing the analysis of the entire script.

"Chairman Wang's words have enlightened me and benefited me greatly. If it weren't for you, I wouldn't have discovered so many issues. It was your suggestions that perfected and elevated 'Lost in Thailand'!"

Xu Zheng was incredibly excited and benefited greatly.

Wang Yi waved his hand:

"It's also because Director Xu has a high comprehension ability, able to draw inferences from one instance and apply them to others. If it were another director, and I pointed out problems, he'd probably still think he was right!"

"Hahaha, yes, those big directors all have tempers, they're bound to be...stubborn!"

Xu Zheng laughed.

In reality, people are like this.

The current Xu Zheng was still a new director, without qualifications or status, very humble.

He could listen to anything Wang Yi said and consider it carefully.

But if it were a big director, and Wang Yi pointed out a plot bug, the big director might listen on the surface and even consider accepting one or two suggestions due to the wealthy financier.

But in their heart, they would definitely be complaining:

"You, a phone manufacturer, dare to teach me how to make movies? An amateur instructing a professional?"

This is also why Wang Yi values new directors with potential and strength: they are obedient and easy to teach!

"Then for this film's investment, you..."

Wang Yi smiled slightly:

"The investment for this film is a small matter. I value Director Xu more; I like directors who listen to advice. So, Director Xu, would you like to join Xingyi Media?"

"Join Xingyi Media!"

Director Xu was excited.

If he could sign, it would be equivalent to latching onto Chairman Wang's leg!

Would he still worry about funding for future films?

Would he still have to drink until he vomits just to attract investment?

Kidding!

A single word from Chairman Wang, and the funds would be in place!

Chairman Wang might even invest in large-scale films worth hundreds of millions, as long as he had the capability!

Thinking back to the directors Chairman Wang had previously signed, Zheng Xiaolong, Kong Sheng, Director Li, they were all experienced and powerful directors, all with higher status than him.

Especially Director Zheng, the president of the Directors' Association, definitely a big shot!

Even Feng Xiaogang and Zhao Baogang were personally promoted by Director Zheng.

If even such big directors were willing to sign with Xingyi Media and become a major general under Chairman Wang, how could he, a new director, hesitate when being valued?

"I'm willing!"

Xu Zheng said decisively.

Hesitating for even a minute on such a god-given opportunity would mean failing an IQ test!

Wang Yi smiled and extended his hand:

"Very good, welcome Director Xu to Xingyi Media, becoming Xingyi Media's first signed film director!"

"Thank you, Chairman Wang, I will definitely not let down your expectations!"

Xu Zheng breathed a sigh of relief, feeling great.

He originally just came to attract investment, but ended up selling himself!

How good.

"Quite decisive, but you didn't even ask about the terms of the agreement?"

Wang Yi teased.

Xu Zheng gave an honest smile:

"Chairman Wang has never treated his subordinates badly, I trust Chairman Wang."

"Haha, you sure know how to talk!"

Wang Yi laughed, took out the contract he had prepared earlier, and handed it to him:

"The contract term is ten years. Within these ten years, you will primarily work on Xingyi Media's films. During off-peak periods, you can also film, act in, or supervise other films; the company places no restrictions on this. As for your remuneration, it will be based on the current pay of a second-tier director, plus a 5% share of the box office profit!"

"Thank you, Chairman Wang, this treatment is too good, thank you!"

Xu Zheng was incredibly excited.

As a new director, it would be normal for him to receive the pay of a fifth-tier director.

Wang Yi directly offered him the pay of a second-tier director, which was a considerable promotion!

And a 5% share of box office profits, such a good deal is usually reserved for big-name directors!

What virtue and ability did he, a new director, possess for this?

But Wang Yi thought clearly: if "Lost in Thailand" could gross 1.5 billion, after box office sharing, Wang Yi could earn around 500 million, and a 5% profit share would be 25 million!

Using this 25 million could maximally stimulate Xu Zheng's creative enthusiasm, allowing "Lost in Thailand" to sell several hundred million more, and Wang Yi to earn hundreds of millions more!

Absolutely worth it!

If you want a horse to run fast, you must feed it good grass!

For a moment, Xu Zheng was overwhelmingly excited.

He immediately took the contract, read it once, and signed it directly.

With this, Xu Zheng became Xingyi Media's first signed film director!

As for Chen Cheng, he hadn't signed yet.

After signing Xu Zheng, Wang Yi picked up the script:

"As for 'Lost in Thailand,' you asked for a production budget of 25 million, I'll give you 35 million, but there's one thing, you must film it well!"

"No problem, Chairman Wang, rest assured, absolutely no problem!"

Xu Zheng's eyebrows lifted with joy.

Just for that 5% profit share, he would film it to death!

If it earned another 100 million in profit, he could get an additional 5 million!

Not to mention an immediate increase of 10 million in the budget.

Of course, this 35 million was just the production cost; promotion and distribution would require another 30 million, but the distribution company would cover the promotional costs.

"As for the main actors, what are your thoughts?"

Wang Yi asked.

Xu Zheng thought for a moment:

"I plan to bring Huang Bo and Wang Baoqiang on board; the three of us will play the male leads. For their fees, Huang 3 million, Wang 2 million would be fine. My directing fee + acting fee would be 5 million. This way, more funds can be invested in film production!"

In 2011, this price was considered fair.

"Good, let's arrange it like that. These main actors are all good, no problem."

Wang Yi immediately agreed.

"As for supporting roles, they haven't been decided yet, it still needs time. Chairman Wang, if Xingyi Media has actors you need to promote, they can be arranged."

Xu Zheng was very understanding of the bigger picture.

Wang Yi not interfering with the main cast selection was his greatest support.

As for supporting roles, it was natural to contribute something to the financier, especially since it was his own company.

Of course, artists from their own company were also cheaper to use.

Wang Yi smiled slightly:

"That's easy to say. Xingyi Media has signed some excellent actors and veteran performers; you can take a look. If there's anyone suitable, feel free to use them."

For a film, the main characters are the most important.

Supporting roles with few lines, like decorative supporting roles, wouldn't have much impact.

"Okay."

Xu Zheng had a plan.

"First prepare, then start filming, aiming for a summer or National Day holiday release!"

Wang Yi said.

As for copyright?

Since Wang Yi invested everything, naturally all copyrights belonged to Xingyi Media.

After the domestic theatrical release was finished, it would then be released overseas.

Finally, it would be exclusively streamed on Xingyi Video platform!

A blockbuster film like this would definitely be exclusive; no matter how much other platforms offered, it wouldn't be distributed to them!

To watch "Lost in Thailand," Xingyi Video could gain many new members, which would be another wave of income!

"Okay, I'll go prepare then!"

Even after leaving the reception room, Xu Zheng found it incredible.

Everything today progressed too smoothly, like a dream.

What could he do?

Xu Zheng was coming to give Wang Yi money, hundreds of millions of it, so how could it not go smoothly?

Soon, Ye Changpeng also walked in:

"Chairman, you were looking for me?"

Wang Yi nodded:

"How are the artist signing matters progressing?"

"Those veteran actors and several new actors have all been signed."

Ye Changpeng took out a list and handed it to Wang Yi:

"Chairman, these are the artists currently signed."

Wang Yi took the list:

"Xingyi Media Artist List: Zhang Songwen, Wang Jinsong, Liu Yijun, Wang Kai, Jin Dong, Song Yi, Yu Dawei, Chen Long, Wu Lei..."

Many of the exclusive actors for Daylight Entertainment in his previous life were signed.

There were also some singers, such as the QQ Music Big Three, Xi Ye...

"These actors signed very smoothly, but things with Hu Xiaoyao were not smooth. Even if we offered him a 5 million transfer fee... Tangren was quite reluctant. They probably don't want to give up Hu Xiaoyao."

Ye Changpeng was helpless.

Wang Yi smiled:

"It's not that Tangren doesn't want to give him up, it's that they think the transfer price is too low!"

The current Tangren was busy cultivating new pillars.

Tangren didn't have many resources to begin with, almost half of their male lead roles were given to the new pillars.

As for the reason, it was simple: Hu Xiaoyao was too popular, his remuneration was too high, at least 200,000 per episode, which meant 8 million for forty episodes.

As an agency, even if Tangren took 40%, they would still have to pay Hu Xiaoyao 4.8 million, and Tangren was reluctant to do that!

Whereas the new pillar, Jiang Jinfu, was cheap and easy to use; for "Xuan-Yuan Sword," which would be released next year, his remuneration was only 70,000!

That's right, not 70,000 per episode, but 70,000 in total!

Even if the next one was higher, it wouldn't be a tenth of Hu Xiaoyao's!

One in the millions, the other in the hundreds of thousands, how to choose?

Does it even need saying?

The reason Tangren could cultivate a large number of high-quality new actors was that they were unwilling to use big stars to save money, using many new actors instead, and the new actors turned out to be very capable, many of them becoming popular...

Hu Xiaoyao, Boss Yang, Liu Shishi, Jiang Jinfu... all became popular this way...

But once they became popular, Tangren was reluctant to spend more money, still wanting to use them at a tenth of the price, treating them cheaply, and the result was predictable.

Most of the popular actors left Tangren, and even before leaving, they had to go through a period of conflict, making it very undignified.

If only Tangren had been willing to offer a fair price, they wouldn't have all left.

"For Tangren, you can raise the price again to 8 million, and see their reaction. 10 million at most!"

Wang Yi said.

At most 10 million, Tangren would be willing to let go.

That's right, it was a price issue.

For Tangren, the current Hu Xiaoyao was too expensive to use, yet a waste to discard.

Therefore, in the next two years, Tangren gave many male lead roles to the low-paid Jiang Jinfu!

"Okay, Chairman, what if they don't even agree to 10 million?"

"Then let her get lost, we've given her enough face!"

Wang Yi was quite speechless:

"I'll leave this to you. Tomorrow, I have to go to Weifang."

Song Sining had been negotiating with Goertek for several days, and there were some leads.

Wang Yi had to go there to finalize the equity investment and OEM matters.

Currently, only Goertek could OEM high-tech Bluetooth earphones; Luxshare couldn't.

For no other reason than Goertek originally started in acoustics, possesses a large accumulation of technology, and is inherently capable of developing Bluetooth earphones.

Luxshare, on the other hand, was merely a pure OEM factory, manufacturing Apple's connecting cables and wired earphones, but with little technological accumulation in the Bluetooth earphone field.

"Changpeng, you're familiar with Xu Zheng. Xingyi Media's first film, 'Lost in Thailand,' is about to start shooting. Please coordinate any needs he might have."

"Rest assured, Chairman, these are all within my responsibilities."

"Also, give our artist list to Director Xu. Any actors with available schedules can be used. Those without can be disregarded."

Wang Yi said, after all, not only "Lost in Thailand" was about to start filming, but "Nirvana in Fire" was also in preparation.

The script was already prepared.

Once Hu Xiaoyao was signed, "Nirvana in Fire" would begin filming!

"Okay, Chairman."

After handling this matter, Wang Yi approached Jian Ziyan:

"Ziyan, how many full-payment pre-orders are there for the Xingyi Xphone 1?"

Jian Ziyan's eyebrows lifted with joy:

"I just checked, the number of full-payment pre-orders has exceeded 2.3 million!"

"How many?"

Wang Yi was startled.

"2.35 million!"

Jian Ziyan was in a great mood.

Wang Yi: "..."

"It's only the fifth day, and over two million have been pre-ordered, all fully paid! Insane, truly insane!"

Wang Yi's expression was extremely complex:

"Adding the one million units already sold, that's a total of 3.35 million units sold!"

"When will all these be delivered!"

Wang Yi sighed:

"Even with BYD's help, it will take more than half a month to produce this many!"

"Yes, the sales are terrifying and still increasing."

Jian Ziyan was overjoyed:

"Chairman, should we ask BYD to continue increasing orders?"

Wang Yi thought for a moment, then waved his hand, not letting the current victory go to his head:

"No hurry for now. BYD OEMing five million units is enough. For phones, they sell well in the first two months, but it's hard to say after that."

BYD OEMing five million, and Xingyi Phone Factory producing another five million themselves, that makes ten million.

Selling ten million units in five months would be very good.

If they continued to add orders and ended up with unsold stock, it would all be stuck with them.

The current insane sales and massive popularity of the Xphone 1 were largely due to the lack of competitors!

But next month, the iPhone 4s would be launched domestically, which would inevitably impact the Xphone 1.

In those days, many people still recognized the iPhone brand.

The incident of selling a kidney to buy an iPhone 4 happened in 2011!

It could be said that there were still a great many crazy Apple fans.

Plus, the appearance of Siri could also add a lot to iPhone 4s sales.

Unless the Xphone 1 also launched an AI voice assistant comparable to Siri, but that wasn't realistic in the short term.

At least the Xphone 1 Pro in four or five months, or even the Xphone 2 in the second half of the year, would have hope for a voice assistant!

To be safe, it's better to proceed steadily.

"By the way, Ziyan, arrange for someone to package 20 engineering units for me, clear all data, and restore them to factory settings."

"Okay, Chairman."

Soon, Jian Ziyan returned with 20 engineering units:

"They're all processed."

"Very good."

Wang Yi put them away, ten for Lin Shu, and the remaining ten for his parents.

Although his parents hadn't contacted him, they surely faced similar situations.

In the afternoon, Wang Yi interviewed Wu Shuang's senior and junior sisters, who were all reliable bodyguards.

Immediately, one was assigned to protect Jian Ziyan, and one to Song Sining.

In the evening, Wang Yi handed ten engineering units to Lin Shu:

"Xiao Shu, you can use these for now. After a while, when production capacity ramps up, it will be better."

"Mhm!"

Currently, the Xingyi Phone Factory operates in three shifts, working 24 hours without rest, continuously producing, but it's still far from enough.

Once all the newly added production lines are in operation, the Xingyi Phone Factory's daily production capacity will exceed 80,000 units.

As for BYD, components have arrived these past two days, and they will officially begin production, which will cause Xingyi Phone's production capacity to soar completely!

BYD's production lines are even more numerous than Xingyi Phone Factory's!

The production capacity crisis is only temporary!

The next day, Wang Yi, Wu Shuang, and her junior sister Chu Yue boarded the high-speed rail early in the morning, heading straight for Weifang.

Goertek Headquarters.

Another high-level meeting was convened:

"Chairman Wang is coming; he wants to invest in Goertek. Given Chairman Wang's appetite, he'll probably take a significant stake."

"Indeed, this is an opportunity. Once Chairman Wang invests, we can OEM X buds Bluetooth earphones, and our performance and stock price will surge. But it's also a challenge; with Chairman Wang investing, our shares will decrease!"

"You can't have your cake and eat it too; it's unavoidable."

"I have an idea: if we don't accept Chairman Wang's investment and don't OEM X buds, we can mass-produce a Bluetooth earphone similar to X buds ourselves!"

"Good idea! With Goertek Acoustics' strength, we could copy it in at most three months—no, develop it. Then, if the price is a bit lower than X buds, wouldn't we still make a fortune? The stock price could still soar, and we wouldn't have to share profits."

"Right, Chairman, this is feasible. Once Chairman Wang is introduced, Goertek will completely become an OEM for X buds!"

Hearing this, Chairman Jiang Hongzhi sighed:

"You're thinking too simply. I've had such ideas before, but... it won't work!"

"Why?"

Several people were puzzled.

"Chairman, are you afraid Xingyi Technology will sue us? Accuse us of copying?"

Jiang Hongzhi sighed:

"It's not a copying issue, it's patent restrictions! Xingyi Technology has registered a series of patents around X buds, creating a patent barrier. If we infringe, we will definitely be sued by them. If we try to circumvent all these patents, it's not impossible, but it's very difficult, difficult even within one or two years!"

"I see."

Everyone frowned.

Jiang Hongzhi, however, changed the subject:

"On the contrary, if we let Chairman Wang invest and become an OEM for X buds, not only will we have multi-million level orders and make a fortune, but we can also become a component supplier for X buds!"

"That's right, many of X buds' components can be produced by Goertek. Once Chairman Wang invests, these orders being given to us will not be an issue."

"Earn a sum from OEM fees, earn another sum from components, and X buds sales are high. Isn't this more suitable than us trying to integrate it ourselves?"

Jiang Hongzhi smiled:

"If we copy it ourselves, not only are we easily sued, but sales aren't guaranteed, and we might not even make as much as OEMing X buds!"

"That makes sense, that's the logic!"

"Most importantly, once Chairman Wang invests, Goertek's stock price will soar. Our shares might be fewer, but they will be more valuable, and our net worth will increase!"

"Right, look at BYD. Before Chairman Wang invested, its stock price was 10 Hong Kong dollars; now it's 20 Hong Kong dollars, it doubled!"

"Our Goertek is currently 6 yuan per share. Once Chairman Wang invests, it might also rise to 12 yuan!"

"I told you, Chairman Wang investing is absolutely suitable."

"Old Sun, that's not what you said just now."

"Don't talk nonsense, I've always supported Chairman Wang investing."

"Old Sun, your mouth, sigh, there's no hope for it!"

...

Jiang Hongzhi smiled slightly:

"Then it's settled! Chairman Wang is here, let's go greet him."

"Okay."

The group walked out the door.

"Welcome, Chairman Wang, welcome!"

Jiang Hongzhi smiled and extended his hand.

"Thank you, Chairman Jiang."

After some pleasantries, everyone returned to the conference room together.

Speaking of which, Jiang Hongzhi was also Wang Yi's senior, having graduated from Beihang University.

Jiang Hongzhi got straight to the point:

"Chairman Wang, as President Song mentioned, you want to acquire a 10% stake in Goertek for 1.8 billion?"

Wang Yi nodded:

"That's right."

A 10% stake would make him the third largest shareholder.

The current Goertek was primarily controlled by the Jiang family.

Goertek Group held an 18% stake, making it the largest shareholder, controlled by Jiang Hongzhi and his wife.

Jiang Hongzhi held a 13% stake, the second largest shareholder.

His younger brother Jiang Hongwei held a 9% stake, the third largest shareholder!

Jiang Hongzhi, his wife, and his younger brother collectively controlled 40% of the equity.

The other top ten shareholders combined held less than 10%.

It could be said that Goertek's current equity was highly concentrated, all controlled by the Jiang family; calling it a family enterprise would not be an exaggeration.

This was also why they felt secure in bringing in Wang Yi!

Even if Wang Yi became the third largest shareholder, it wouldn't matter; the Jiang family would still maintain absolute control!

(End of Chapter)

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