Chapter 446: Electric Fans and the Eastern Bloc
If Guan Meiren was here, she would definitely be happy to swipe his credit card when she heard Li Xuan open his money bag so generously. Because she knew that whether she spent 10,000 yuan or 1 million, it was actually the same in Li Xuan's eyes.
But He Qing obviously hasn't learned how to spend a man's money, and the little self-esteem in her heart makes her unwilling to take advantage of Li Xuan. So the two wandered aimlessly around the CG hypermarket, where there were everything from various household appliances such as TVs, refrigerators, and washing machines, to various household appliances such as electric shavers, hair dryers, and juicers.
It was the first time for He Qing to come to such a large-scale electrical appliance store, and the dazzling array of products overwhelmed her, and there was a novel experience like Grandma Liu entering the Grand View Garden. But for Li Xuan, this scene naturally couldn't make him curious.
Just when Li Xuan was walking around with He Qing, several young people walked into the CG store with a circular thing.
"Hello, I am Yang Xinliang, a student of Chinese University, and I have made an appointment with the manager of your store before, and I want to do an invention display activity in your store!" said a boy with glasses and a little pale skin, walking to the shopping guide desk.
"Please wait, I'll call the store manager to confirm!" said the shopping guide at the front desk very politely.
She picked up the phone and dialed a number, and after a few words of communication, she quickly hung up the phone, smiled sweetly at Yang Xinliang and said, "Hello Mr. Yang, I have confirmed with the store manager, you can do display activities in our store." ”
After she finished speaking, she beckoned, called another male shopping guide, and then said a few words to her colleague. Let the other party help Yang Xinliang and a few of them find an empty space.
The escalator connecting the first floor and the basement floor is a densely populated area. Yang Xinliang and two classmates. At the suggestion of the male shopping guide, the area in front of the escalator was chosen.
"Can you help me find a live outlet?" Yang Xinliang asked the male shopping guide again.
"There is it here!" the male shopping guide pointed to a pillar next to him. Then lift a switch box, revealing the socket jack inside.
Yang Xinliang noticed that there was a fixed socket on the column less than a meter away from him, so he smiled a little embarrassed. Who made the decoration in the CG store very fine, the appearance of the socket box and the color of the column wall are completely integrated, and it is embedded in the wall, and you will not notice it at all if you don't look closely.
"What are you going to do with this big ring-like thing?" the male shopping guide didn't leave immediately, but asked very curiously.
"This is our newly invented fanless electric fan!" Yang Xinliang said proudly.
"Is this an electric fan?" the shopping guide couldn't help but "huh". Then he said in disbelief.
Yang Xinliang was not in a hurry to explain to the other party, but checked the plug of this strange electric fan to the socket, and the machine immediately came out with a buzzing sound. The two students who came with Yang Xinliang had already set up a poster stand, and some of the posters they had made in advance to introduce their inventions were hung on the shelves.
The lower part of the machine they brought was a cylindrical base thirty or forty centimeters high, and the upper part was a large ring about ten inches in diameter, which looked very different from the electric fan that everyone remembered.
Several customers passing by were quickly attracted by this strange thing and stopped. And the original curious shopping guide. He couldn't wait to put his hand in front of the ring, and sure enough, he felt a cool breeze.
It's incredible, there isn't a single fan blade on the machine, just a big ring with empty sides on both sides. It really created the wind out of thin air. There were more and more onlookers, and everyone was amazed by this special electric fan.
Yang Xinliang saw that the people were almost gathered, and finally opened his mouth to explain his invention: "Hello everyone. We are students majoring in mechanical and electrical engineering from Chinese University, my name is Yang Xinliang! I bring you an interesting new invention today. This is the fanless electric fan that you see now. In fact, we gave it a more professional name, called an air multiplier.
The reason why this machine does not have fan blades can also produce cool breezes. The jet pump principle is used. It uses the annular fissure design of this ring opening to create a jet of air moving at high speed through the Kangda effect, thus creating the wind that we can feel. ”
Yang Xinliang's explanation of a bunch of professional principles, maybe not many people on the scene could understand, but it made everyone feel a lofty breath rushing to their faces. A group of high-achieving college students, using a variety of advanced scientific principles to design things, is naturally completely different from ordinary electric fans.
In Hong Kong in the 80s, like Chinese mainland, college students were very precious and rare species, and being admitted to university meant getting a stepping stone to high society. More than a decade later, as a large number of post-secondary institutions were upgraded to universities by the Hong Kong government, Hong Kong's college students began to depreciate rapidly.
"The electric fan we designed has many advantages over traditional electric fans. Because he doesn't have a fan blade, if there are children in the family, he doesn't have to worry about the tragedy of his finger being injured by the fan blade because they are curious to touch casually!" Yang Xinliang said, reaching back and forth through the ring to show that his invention did not have any safety issues.
Then he added, "And our electric fans are much easier to clean." All you have to do is wipe the ring from the inside out with a rag and you'll be done in a few tens of seconds.
After a few months of use, a lot of dust will accumulate on the outer fan cover and the inner fan blades. It will be very troublesome to clean the electric fan, and you have to remove the fan cover first!"
"This classmate, how do you sell electric fans like you?" There are already anxious customers who can't wait to start asking the price.
"Abel, I'm very sorry, our fan has just been invented, and we haven't had time to rush to produce it yet! The reason why I came to the store today to do a display is to know how everyone reacts to this new fan. If everybody can accept it. We will seize the time and strive to go on sale as soon as possible!" Yang Xinliang explained with a smile.
"Afterlife. It's a little late to come up with this invention! More than half of this summer is waiting for your electric fan to be produced. I guess I'm going to keep it in the warehouse and sell it until next year!" one customer joked with a smile.
"Your electric fan is very fun, whether it will be on the market this year or next year, I want to buy one back! But your price can't be too expensive, tell me what price you are going to sell?" another customer asked.
"Our electric fan uses a brushless motor, which is much more expensive than the motor of an ordinary electric fan. And the material used in our ring is not cheap. So its price is definitely more expensive than ordinary electric fans!
We've brought a questionnaire today, and we hope you'll take a few minutes to help fill it out. So that we can collect everyone's feedback and then make better improvements!" Yang Xinliang did not answer directly, but began to distribute questionnaires with several classmates.
He never thought that his product would be available this year. Because these products are only the first generation. Further improvements will definitely be made in the future. As for the price of this new electric fan, it actually gave Yang Xinliang a bit of a headache.
The final approved manufacturing cost of this sample he trial-produced has exceeded 800 Hong Kong dollars. The cheapest small electric fan sold in Hong Kong is only 20 or 30 yuan, and even the multi-functional luxury model is only 1 or 200 yuan. Although the manufacturing cost of the new fan will definitely drop a lot after large-scale production, it will still be much higher than that of ordinary electric fans.
Of course, this is not the most important problem that Yang Xinliang needs to solve now, but the most important thing for him now. It's about finding a new round of venture capital for your project. When he first started the project, the 50,000 Hong Kong dollars of venture capital he had spent.
Fortunately, before the money was completely spent, Yang Xinliang successfully came up with the product he wanted. What he needs to do next. Bring your new invention to convince new investors to join in. And the enthusiastic feedback from customers who came to the CG store today to give him invention is bound to become an important weight for Yang Xinliang to move angel investors.
And Yang Xinliang explained when he had no electric fan. Li Xuan held the beautiful woman and happened to pass by the escalator entrance and saw such a novel scene. Naturally, they also decided to smell the fragrance and dismount, stopping and watching.
The emergence of Li Xuan has brought the biggest change to Hong Kong. It is for the city to create a thriving entrepreneurial trend. Countless people with dreams have been inspired by his example, and they are no longer satisfied with the ordinary life of 9 to 5, but have chosen another magnificent road of self-struggle.
What's even more satisfying is that Hong Kong is being called the Silicon Valley of the East by more and more people, and has become another holy place in the hearts of young entrepreneurs. Hong Kong is also becoming more and more attractive to entrepreneurs from other parts of Asia. Many entrepreneurs from Japan, Taiwan, South Korea, Singapore and other places have come with their own good ideas.
Li Xuan has always believed that Silicon Valley can achieve great success, and the biggest driver is actually venture capital. So he has been trying to channel Hong Kong's local capital into the venture capital space.
In the past few years, Hong Kong's social turmoil has caused the stock market and real estate, which are the two major industries that attract the most money, to be hit hard. As a result, a large amount of safe-haven capital was guided by the Oriental Group into the real manufacturing industry, which is dominated by the electronics industry.
But capital is always profit-seeking, and if they can't get enough returns, even if Li Xuan, the richest man in the world, comes forward to lobby, and they won't let their position waver. At a time when the stock market and real estate were both collapsing, Hong Kong's electronics industry was driven by the leading carriage of the Oriental Group.
Many of the capitals that tasted the sweetness soon began to really stop and join this new gluttonous feast, and Hong Kong's venture capital funds soon snowballed. And at this critical time, Li Xuan did not eat alone behind closed doors, and his Oriental Incubator Park launched a series of good projects in a timely manner.
Since last year, the first batch of high-quality companies to accept venture capital have started their own IPO plans. The entire venture capital industry chain has finally formed a complete profit closure loop from investment to exit. Spurred on by one successful case after another, Hong Kong's venture capital industry is also growing stronger and stronger.
The biggest impact of this is that the threshold for entrepreneurship in Hong Kong society has been further lowered. Since the fame of the Oriental Incubation Park, several more science and technology incubators have been established in the Sha Tin Industrial Zone, where it is located, in just a few years. Even the Hong Kong government financed the acquisition of two vacant industrial buildings and built the city's first government-funded technology incubator, which was entrusted to a joint committee of HKU and CUHK.
Yang Xinliang's fanless electric fan project was actually inspired by the hand dryer in the toilet in the restaurant. After he had this idea, he contacted two mechanics students and came up with a complete design plan together.
Then Yang Xinliang and his team found the professors of the school with their own proposals, and finally got the opportunity to meet with the project manager of the Oriental Venture Capital Fund with the recommendation of the CUHK official.
Their project only received an investment quota of 20,000 Hong Kong dollars from Oriental Venture Capital. But Yang Xinliang took advantage of the tiger skin of Oriental Venture Capital and relied on his three-inch incorruptible tongue, and quickly flickered to 30,000 yuan of investment.
Oriental Venture Capital invests in hundreds of projects like Yang Xinliang every year, and only a few of them can succeed in the end. But if luck is not too bad, just one successful project will be enough to recoup the entire investment.
Li Xuan also took a questionnaire from Yang Xinliang, which had more than a dozen questions, including customers' opinions on this new fanless electric fan, the ability to afford the highest price and other aspects. Li Xuan filled in the truth, and wrote his own views in the final feedback.
In terms of the function of the electric fan, this fanless electric fan is not much different from ordinary products on the market, and its biggest selling point is the novel shape and principle. So it's destined to be a relatively niche thing, and it may be sought after by fashion people, but unfortunately its current appearance design is not cool enough!
After Li Xuan filled out the questionnaire, he smiled encouragingly at the young man in front of him. An electric fan doesn't seem to have anything to do with Li Xuan and the Oriental Group, but it's not.
For example, the brushless motor used in this fanless electric fan has a matching controller inside. The core of the controller is a main control chip, which is actually deeply related to the semiconductor industry, one of the main businesses of the Oriental Group.
Therefore, these continuous innovations may not have much to do with the Eastern Bloc on the surface, but in fact, they are providing new nourishment for the development and growth of the Eastern Bloc. (To be continued......)