But the whole world was shocked that the radio could be so small, and a hot air of 'rice cooker' was blowing in Japan.

At all the bustling streets and supermarkets, salesmen guard the rice cooker that is cooking.

In a shopping mall, a bunch of rice cookers are being exhibited to customers. Next to it is a sign clearly saying "Rice cooker" and "automatic rice cooker"

"What kind of electrical appliance is this?" a housewife asked curiously.

"This is called a rice cooker. As long as you put the rice and water, plug it in, press the button and it will automatically start cooking. When the rice is cooked, the rice cooker will automatically turn off."

"Really? Are there really such electrical appliances?" The housewife looked incredible. You can imagine how troublesome it is to cook rice in this era.

While explaining, the salesman turned on the cooked rice cooker and showed it to the onlookers.

Such a scene is everywhere in Japan, and the market begins to begin!

These two waves of Lenovo Electric’s operations have shocked the Japanese electrical appliance industry. How did Lenovo Electric do this?

Transistor radio tr-66, rice cooker, which product is not the first to create the world? An electrical appliance company can make a big profit with just one of these products and join the industry of major electrical appliance companies.

Unexpectedly, Lenovo Electric developed two world-class products at one time. What is this?

Many people feel that Lenovo Electric is about to become the seventh largest electrical appliance giant in Japan!

Wu Guangyao ignored the troubles outside and came to the rice cooker production workshop to inspect the work.

I am not worried about the sales of rice cookers at all, but I am very worried about the production of rice cookers;

After all, before the rice cooker was launched, Lenovo Electric only had 20,000 units to survive, which can be said to be very nervous!

What is a rice cooker? It is more practical than a TV, radio, etc. No family can reject it unless there is really no $40 (the cost is $30).

At this time, the average salary of Japanese people is about three times that of Hong Kong Island. According to this calculation, the average company of Japanese people is HK$150, about US$30.

The price of a rice cooker is only one and a half months' salary for a person, which is absolutely affordable for a family.

Onoki followed Wu Guangyao carefully, for fear that the boss would be dissatisfied with his work;

At this time, no one was dissatisfied with Wu Guangyao because the Chinese had already brought two world-class products to Japan;

Who else would be dissatisfied with such a capable boss?

Even those arrogant technicians have to admire their boss!

You should know that the theoretical knowledge of rice cookers comes from this legendary boss.

It’s okay if others are good at managing, but they even use technology. This is simply amazing!

"President Ono, I intend to set up Lenovo Corporation in Japan, and then implement the 'headquarter system' management system to implement centralized operations for all subsidiaries under Lenovo. Are you interested in managing the technical department?" Wu Guangyao turned around and Nogi said.

"Hi, I do!"

"kindness"

.............

Two days later, in a tall building in Tokyo, a group of people were having a meeting.

Just now, Wu Guangyao promulgated the new organizational structure of Lenovo Electric:

I am leading the position of president of Lenovo Electric. Because I am in Japan, I will rely on Japan's technology and market for a long time in the future, so it is better to hide it in Japan!

Four departments are established under the president, namely the Management Department, the Business Department, the Technology Department, and the Business Department;

This is naturally a purpose of centralizing the management of each subsidiary, decentralizing power and independent management, and providing overall management.

Minister of Management Li Jiaji (Chinese), Minister of Business Department Jerry (American), Minister of Technology Onoki (Japanese), and Minister of Business Department Ryohei Kimura (Japanese).

The four ministries are equivalent to one cabinet, and a cabinet meeting is organized every week, and the same is true for Wu Guangyao not to attend.

"The two products we launched this year have completely allowed Lenovo Electric to gain a steady foothold in Japan, but we cannot be proud. We are still much worse than the six major electrical giants in Japan. The most intuitive manifestation is the company's size. Given that we will completely explode next year, I decided to expand the size of Lenovo Electric from now on."

"First of all, the establishment of Lenovo Central Research Institute is the core and brain of Lenovo Electric. It is the key to whether Lenovo can go further in the electrical appliance industry! The 10% profit of Lenovo is directly transferred to Lenovo Research Institute for R&D expenses; while Lenovo Central Research Institute is engaged in basic technology research and advanced technology research, providing technical guidance to various product departments... Does the director of the technology department understand what I mean?" Wu Guangyao looked at Onoki and said.

"Hey, I understand! President, is there anyone who chooses the president of the institute?"

"I plan to recruit talents on a large scale after establishing them. If you have any recommendations, you can ask them to apply!"

"Hi!"

Wu Guangyao continued: "Then it is the business unit. The business unit can have two branches, one external and the other internal. At the same time, the business unit has various product business units. There is another important thing in the business unit, that is, it is to absorb advanced technologies from European and American countries. Whether it is cooperation or purchase, it must be a global perspective and cannot be a frog in the well... Jerry, do you understand?"

"Yes, boss!" Jerry said excitedly. He was originally a middle-level technical management team in a large American company. He changed jobs purely for a challenge. After waiting for the past few months, he finally waited for an opportunity.

"You must quickly establish the headquarters and then work; the company will develop rapidly and acquire other companies to expand its scale! Of course, in terms of funds, we can choose to borrow money, and the more we have to borrow, the better; I believe that with the sales of our two products, there will be many banks in Japan willing to do so."

...........

At the end of October, Sumitomo Bank in Japan borrowed $5 million to Lenovo Electric, and the funds available to Lenovo Electric suddenly reached $6 million.

Lenovo Electric’s next actions made the entire Japanese electrical appliance industry begin to calm down;

Throughout November, Lenovo Electric acquired a total of 7 companies, completing the industrial chain at once.

However, the two electrical appliance manufacturers that Wu Guangyao cares most still did not reply to Wu Guangyao. Wu Guangyao knew that this was rejecting his acquisition.

Both of these appliance manufacturers are relatively large in scale, one is a refrigerator manufacturer and the other is a washing machine manufacturer. In terms of fixed value, they are both around US$3 million.

At this time, Lenovo Electric's account was only more than US$3.6 million, but Wu Guangyao didn't mind borrowing part of the money to complete the acquisition of these two companies.

If the acquisition fails, Wu Guangyao has another plan!

In a Japanese restaurant, Wu Guangyao crossed the owners of these two companies.

"Kimura, Nagasawa, you don't want to be acquired, you care a lot about this career!"

Wu Guangyao expressed the thoughts of the two bosses, and they nodded one after another.

You should know that Wu Guangyao has already acquired it at a premium of 20%, and the two of them simply refused. Obviously, it is not worth the loss to increase the price.

"So are you willing to convert your company's shares into Lenovo Electric? To put it bluntly, we all work together to fight against the large electric appliance companies in Japan to save ourselves. You should understand that the current market in Japan is dominated by the six major electric appliance giants. Our medium-sized electric appliance companies can only survive in the cracks and fight against Weiwei. Compared with your two companies, our Lenovo Electric is more competitive and promising. So, if you are willing, you can merge into one company."

Wu Guangyao's conditions are extremely high, and he is simply full of temptation!

Lenovo Electric holds two major killer devices - transistor radio and rice cooker. Although these two companies have good results in refrigerators and washing machines, they are a bit too bad to compare!

"We need to go back and discuss with other shareholders, and please give Mr. Wu some time!"

At the last moment, the two finally let go.

At the end of November, before Wu Guangyao returned to Hong Kong, Lenovo Electric finally completed all acquisitions and mergers. After one round, there was still 3.6 million yuan left, but it gained 2 medium-sized electrical appliance companies and 7 electrical appliance affiliates.

This was naturally obtained at the cost of shares. Wu Guangyao only held 56% of the shares of the new Lenovo Electric Appliances, and the rest of the shares were all distributed to Japanese people.

But this step is definitely done well, because Lenovo Electric has already covered many products and related industrial chains at this time;

In terms of size, it is very close to Panasonic Electric, and the only thing that is lacking is the subsequent integration!

...........

Lenovo Electric held its first shareholders' meeting, and Wu Guangyao, as the president, presided over the meeting.

"In October and November, our two products, transistor radio and rice cooker, brought Lenovo Electric a profit of $600,000. Of course, this is because there are no similar products on the market. Next, we have to face the offensive of those electrical giants. I hope everyone will do their best! Whether it is price war, marketing war, or technology war, we are all fearless! Because we are also electrical giants!"

Wu Guangyao's words were very infectious, and everyone was so excited that they gave a wave of applause.

Lenovo Electric has been catching up with decades of companies less than a year after its establishment. This is really hard to believe!

Of course, Lenovo Electric itself is composed of many electrical companies with decades of history; the most important thing is the charm of money and technology, which brings everyone together; the pioneer of medium-sized electrical appliances business was acquired by money, and the medium-sized manufacturers of washing machines and refrigerators in the latter were optimistic about Lenovo's technology and thought that Lenovo was a competitive company, so they chose to acquire.

"Next, we will absorb European and American technologies while exporting our products to Europe and America..." Wu Guangyao said all his thoughts.

Japanese people are indeed very serious about their work, and everyone starts to record it.

"President, should we build another factory and a company headquarters!" said a shareholder.

"Then I suggest a combination of Lenovo Industrial Park, headquarters and factory. You all have your ideas, and we are just discussing today!"

Everyone made suggestions afterwards, and they were all very useful suggestions;

Unfortunately, the money is still not enough, so Wu Guangyao and everyone can only develop first and then neglect.

For example, purchasing technical guidance from Europe and the United States is the most important thing to do at present, even if it is the industrial park, it will make way for it.

Currently, the cheapest technical guidance fee in the world is America, which is usually charged at 3% of the product fee; in March, Lenovo purchased transistor technology from Texas Instruments only cost 30,000 US dollars, which can be said to be cheap.
Chapter completed!