Chen Xuesheng himself is a minority shareholder in Pengbo Electronics, and he has no decision-making power, not to mention that as he said, Hu Mingchen has invested a lot of extra money into the company, and has not adjusted the company's share structure.

Without Hu Mingchen's persistence and selfless dedication, there would be no IPENG product at all, let alone anyone investing a billion US dollars.

Not to mention anything else, with the billion dollars invested by Schultz, Chen Xuesheng is already a veritable billionaire Feng Weng, and he can even choose to sell all his shares to Schultz, and then sit on a net worth of billions to live a free life.

Since everything was brought by Hu Mingchen, Chen Xuesheng actually didn't have much bargaining chips to resist.

On the contrary, Chen Xuesheng is so cooperative and so easy to speak, according to Hu Mingchen's personality, he is not easy to start, at least he can't be unfair to Chen Xuesheng.

After the adjustment of capital injection, Chen Xuesheng's own shares are 15 percent, and now he wants to give 12 percent to Schultz, after some discussion between the two, Chen Xuesheng took out 3 percentage points, and Hu Mingchen took out 9 percent. After such an adjustment, Chen Xuesheng has as many shares as Schultz, 12 percent, and Hu Mingchen accounts for 76 percent, still the largest shareholder.

Schultz and his entourage stayed in Mingzhu for a total of four days, and then went to Pengcheng for another day, and the cooperation agreement was signed in the company's conference room after visiting Pengbo Electronics.

After Schultz left China, his assistant Fred stayed behind and became the vice president of Pengbo Electronics, and the original Pengbo Electronic Technology Co., Ltd. was also changed to Pengbo Electronics Group Co., Ltd., and the nature of the company was correspondingly a Sino-foreign joint venture, and Chen Xuesheng officially changed from general manager to president of Pengbo Electronics Group.

Not long after Schultz returned to the United States, the Federal Telecommunications Commission approved the application, because the subject of the application had changed from Pengbo Electronics to Best Buy.

With the addition of Best Buy, the development trend and momentum of Pengbo Electronics have indeed changed very significantly, not only the market has been opened, but more importantly, the company's internal R&D investment and expansion of production have been guaranteed by funds, and everyone has become confident from top to bottom.

Chen Xuesheng was busy with production on the one hand, and on the other hand, he also began to seriously find land to build a science park.

Knowing that Pengbo Electronics wants to build a science park, Hualong District took the initiative to come to the door, they are close to the city, seven kilometers away from the district, there is a piece of land of about 1,100 acres, which can be provided to Pengbo Electronics Group, the price is also more favorable.

Hu Mingchen has already returned to Liangcheng, and after Chen Xuesheng reported this information to Hu Mingchen, Hu Mingchen carefully studied the land and felt that it was not suitable.

"Not suitable? That place is very good, I have seen it on the spot, it is about 6.5 kilometers away from the downtown area, the land is relatively flat, you only need to use a bulldozer to bulldoze a small dirt hill inside, you can use it, there are two horizontal and vertical roads on the side, and there are more than 20 buses leading to the city and surrounding towns, by the way, there are two large communities and an urban village on the side, which is more secure for solving the accommodation of employees. Chen Xuesheng was a little surprised by Hu Mingchen's veto of Hualong District, so he hurriedly called Hu Mingchen.

In Chen Xuesheng's view, this place is really a treasure of feng shui, with convenient transportation, close to the city, large enough area, and relatively complete facilities.

However, for Hu Mingchen, many of the advantages that Chen Xuesheng thinks are precisely hidden shortcomings, but they have not yet been fully revealed.

"Uncle Chen, what you said is true, but it is not suitable for us. First of all, the area of 1,100 acres, if it is an ordinary industrial zone, then it is enough, but for us, it is far from enough, and the area we want must at least double or even triple the expansion. Secondly, it is the traffic, at present, that place is indeed convenient, but it is estimated that it will not be long before it will become a traffic jam node, especially in the case of our science park being built, that place will be even more congested, because most of the vehicles entering the urban area in Hualong District will pass by from the side. As for the price concessions given by Hualong District, not to mention, even if it is 30 million acres, this price is not something we can afford. Of course, if the place is used for commercial real estate development, then the price is indeed cheap, close to the city center and easily accessible. But we are not engaged in commercial real estate, we are engaged in actual industry, and we do not intend to use land to make money. As for the staff housing you mentioned, if there is enough area, we can build it ourselves, in addition, there are several urban villages in the surrounding cities, and various communities have also sprung up, so there is no need to worry about it. Hu Mingchen explained to Chen Xuesheng.

"1,100 mu is still small, and it will be doubled or tripled? Xiao Chen, have we used such a large area?" Chen Xuesheng said in amazement.

"Of course, our future science park will solve the problem of more than 100,000 people working in it, do you think two or three thousand acres of land is considered a big one? Not to mention, our park must have a beautiful environment, which will make the green area not small. If you don't have a suitable area in Pengcheng, then look for the surrounding area, anyway, it's nothing if it's a two- or three-hour drive. At this stage, we do not have enough funds, and the cheaper the land price, the better. Hu Mingchen said.

As soon as he heard that Hu Mingchen wanted more than 100,000 jobs in the park, Chen Xuesheng was a little dumbfounded. This is a big step, is it, can Pengbo Electronics develop to that scale? Also, is it necessary for Pengbo Electronics to get so many workers?

Hu Mingchen did not tell Chen Xuesheng, if Hu Mingchen told him that these 100,000 people were not workers at all, but mainly researchers, I am afraid he would be even more crazy.

Pengbo Electronics received a billion US dollar capital injection, the company did not immediately publicize the outside world, but after obtaining the US access permit, the company's media and public relations department officially announced it.

And careful people will find that when Pengbo Electronics is approaching the end of the year, all kinds of promotional content suddenly increase, not only in China, but also abroad, especially on the Internet, there will be a lot of positive news about IPENG products and Pengbo Electronics Group every day.

In order to cope with the heavy workload of media and public relations, the staff of this department has expanded from a dozen to more than 50 people, and almost half of them have overseas study experience.

In this department, it is necessary to be proficient in not only general English, but also other languages, such as Japanese, Spanish, French, etc. Some of the propaganda content was concocted by themselves, and some was produced by local companies at the expense of local companies.

During this time, the entire Pengbo Electronics is in a rapid growth, almost all departments of personnel have expanded several times, including the finance department, the previous work that a few people can complete, with the expansion of capital flow, the cumbersome and increased expenditure, the financial staff has also expanded six times.

This is still the situation that Pengbo Electronics is unable to provide so many office conditions, if they have enough office space now, then the scale of this expansion will be even more unimaginable.

At present, Pengbo Electronics is located in the industrial park, Pengbo Electronics has become the largest company, as long as there is a vacant factory or office building in the park, it will be rented by them immediately, and it will be put into use immediately after a simple decoration.

After four months of continuous improvement and rectification, IPENG's messy products have been close to perfecting, and there is still a big gap from Hu Mingchen's imagination, but at least after consumers buy it, there is no problem with normal use.

The first batch of 500 mobile phone products produced by the company has been provided free of charge to various testing institutions and media units.

There are two companies that have been paying attention to these changes in Pengbo Electronics, one is Fame and Fortune, and the other is Apple.

When he knew that the media units and evaluation agencies had received the prototype of Pengbo Electronics, Guo Mingli knew that Pengbo Electronics was about to be shipped.

At this time, Mingli Company has also adjusted the production line, and with the help of the previous channels, it has completed the dredging of the market.

Hu Mingchen learned from Shao Yipeng that the focus of the company's early market positioning was in East Asia and Southeast Asia, and with the help of their own production advantages, they set the price of their products at $349, which was $150 less than Hu Mingchen's.

The reason why Guo Mingli wants to do such a price strategy has his own reasons. Because he already knows that Apple's price is lower than Pengbo's, so if he wants to highlight his advantages, the most direct thing is to start from the price.

Guo Mingli's pricing has two purposes, the first is the consumer groups in East Asia and Southeast Asia, except for a few countries and regions such as Japan and South Korea, the general consumption level is not high, and this price is easy to accept.

Secondly, he wants to highlight Hu Mingchen's unreasonable pricing through low prices, and it is best to let consumers take negative resistance to them.

Of course, this price also has a lot to do with Guo Mingli's overall market strategy. He wants to seize the fast-growing Asian market, and after consolidating this bridgehead, he is expanding from the Asian market to Europe and the United States.

In other words, when Vanilla launches its second-generation products for Europe and the United States, the price will go up.

Of course, although Hu Mingchen has done some tricks in the product design of Mingli Company, but they are not big fools, although they have not invested huge strength in research and development, nor have they done reverse tests on every detail and function of the product, but the products they have made can be used, which is still ensured.