Chapter 199

"Dongling High-Tech can join Qualcomm's CDMA alliance, research 2G and 3G technology and patents, but it cannot be controlled by Qualcomm!"

"Starting from PHS mobile phones, 10% of mobile phone revenue each year will be used for mobile phone technology R&D, including developing new mobile phones, communication technology, mobile phone chips, etc. In the future, if necessary, R&D investment can be increased to more than 25%!"

Li Dongling finally said to Chen Tao and Luo Zheng. Chen Tao is in charge of Dongling High-Tech's R&D department, and the mobile phone business is also under his management. Luo Zheng, in the future, will basically be the person in charge of Dongling High-Tech's communication technology, mainly playing against communication giants like Qualcomm, Nokia, and Ericsson.

In the previous life, the R&D investment of the general mobile phone industry was basically around 8%. Of course, those skin-changing and copycat machines are different. They basically copy homework, and they don't invest in R&D funds at all. Whichever machine is popular, they copy it. However, in the smartphone era, copycat machines that play this set were basically wiped out.

And in the smartphone era, the famous Fruit phone actually invested less R&D funds than its friends, only less than 6%. Samsung and Huawei in the same period invested more than 22% in R&D expenses.

As for now, Dongling High-Tech taking out 10% of mobile phone funds for R&D is already very scary. At the very least, it is unique in the domestic electronics industry.

Like UTStarcom, which launched PHS in the previous life, its annual revenue exceeded 20 billion yuan at its peak. If PHS can be sold overseas in Dongling High-Tech's hands, the revenue will far exceed the UTStarcom period. By then, investing 10% of the revenue, the R&D funds contributed by PHS alone can reach 2 or 3 billion or even more!

With such a large R&D investment, Li Dongling doesn't expect Dongling High-Tech to replace Qualcomm. At the very least, being on an equal footing with Qualcomm and cutting leeks together is the right way.

"Mr. Li, I will not let you down!"

Luo Zheng's face was a bit flushed, and his heart couldn't help but be excited. Li Dongling didn't say to go all-in on 2G and 3G technology, but he was proving it with actual actions, giving him enough funds to let him compete head-on with international giants like Qualcomm, Nokia, Ericsson, and Samsung. This is a world of difference from his situation when he was at Lenovo.

Li Dongling laughed and patted Luo Zheng on the shoulder. Luo Zheng was a student brought out by Ni Guangnan. Li Dongling absolutely trusted Ni Guangnan.

……

"Cheers!"

"Welcome back, Mr. Ren!"

"A toast to sister-in-law!"

In the courtyard behind Dongling High-Tech's headquarters, a bonfire was lit, and it was extremely lively at this moment.

Ren Yuefeng returned to Pingyang from Japan. This was to welcome him back. This time he brought his family with him. Speaking of family, it was actually his wife. Ren Yuefeng and his wife had a daughter who was currently attending university in Xiangjiang, so Ren Yuefeng's wife didn't need to take care of her.

Facing the wine glasses handed over by Zhang Ao, Gao Peng, and others, Ren Yuefeng didn't decline and drank them all.

"Your stomach is not good, drink less!" Xia Wantang, who was sitting next to Ren Yuefeng, took out a handkerchief and wiped the wine spilled from the corner of Ren Yuefeng's mouth.

Seeing this scene, Li Dongling, Yao Luoying, and others could see that Xia Wantang was a very gentle woman, always with a smile on her face, making people feel good. Ren Yuefeng and his wife had a very good relationship. It was not easy for a couple to have such a relationship in middle age.

When Hu Zixian saw this scene, he was touched and couldn't help but gulp down a mouthful of old wine. When he lost money speculating in real estate in Yazhou, his wife was the first to divorce him, fearing being implicated. Comparing this with Ren Yuefeng and Xia Wantang, he couldn't help but sigh.

"Sister Xia, I'll toast you too!" Yao Luoying looked at Xia Wantang and handed her a glass of wine.

Xia Wantang, who had an intellectual feeling, looked at Yao Luoying, then looked at Li Dongling, took the wine glass with a smile, touched glasses with Yao Luoying, and drank it.

Subsequently, Xia Wantang's gaze was placed on Ren Yuefeng again, occasionally putting barbecue on the empty plate in Ren Yuefeng's hand.

Looking at Ren Yuefeng, who was laughing heartily despite drinking a lot of wine, Xia Wantang could feel that Ren Yuefeng truly liked it here, unlike when he was in Xiangjiang, where Ren Yuefeng also took her to banquets and cocktail parties, but at the banquets, Ren Yuefeng always had a stiff smile on his face and was exhausted when he got home.

Yao Luoying looked at Ren Yuefeng and Xia Wantang. I don't know what she thought of, her mouth slightly curled up, and her head slowly leaned on Li Dongling's shoulder.

Approaching the college entrance examination, Li Dongyue, who had finally returned from school today, also sat by the bonfire, wolfing down the barbecue, her eyes occasionally looking at Ren Yuefeng and Xia Wantang, and then placing her gaze on Li Dongling and Yao Luoying.

Subsequently, Li Dongyue inexplicably thought of the Shura field scene where Yao Luoying and An Ruxue were both present in the courtyard next door that day, which made her shiver and dare not think about it anymore.

Li Dongling saw Li Dongyue and changed the wine glass in front of her into a bottle of drink, and cut a basin of barbecue for her. Today, a chef was invited to cook, and a lot of food was prepared.

"After the college entrance examination, which university are you planning to apply for?!" Li Dongling asked Li Dongyue.

Li Dongyue taking the college entrance examination was a big deal for the Li family. Li Zhenlin and Wang Xiulan were just like countless parents taking the college entrance examination this year, running to the Confucius Temple to burn incense and pray.

Li Dongling was not worried about Li Dongyue's grades. In the previous life, she relied on her own strength to get into a university in Yanjing. And now, Li Dongyue's grades were improving by leaps and bounds. Not to mention taking the top spot in Pingyang City, but in several joint examinations, Li Dongyue's grades were among the best.

I don't know why, when asked about this by Li Dongling, Li Dongyue's eyes looked at Yao Luoying with some gloom, and her eyes were even a bit tearful. Finally, the college entrance examination was coming. God knows how she spent the last half year.

Every time she did the college entrance examination questions, Li Dongyue did two copies. After doing the test questions Yao Luoying bought for her, she did the questions An Ruxue bought. No matter how unpopular the test questions were, Li Dongyue encountered them. Anyone who does two copies every day is guaranteed to have their grades improve by leaps and bounds...

"Yanjing!"

Li Dongyue said directly, "I want to go to Yanjing for university!"

Li Dongling nodded. He was not surprised by Li Dongyue's choice. "When you go to Yanjing, I will send you there personally!"

When the children of Pingyang municipal courtyard who were familiar with Zhang Ao and Yao Luoying also ran here, the atmosphere of the bonfire suddenly became lively. Strong songs came from the speakers, and Yao Luoying also pulled Xia Wantang up, starting to shake her body around the bonfire.

Looking at Xia Wantang, who was also gradually adapting to the atmosphere and showing a smile on her face, Ren Yuefeng also smiled, then turned to Li Dongling and said with a sigh, "Back then, I promised her that I would take her on a world tour, but these years, I've been too busy..."

"There will be a chance!"

Li Dongling raised his eyebrows and looked at Ren Yuefeng. "Believe me, there will be a day when Dongling High-Tech will present a private jet to its general manager!"

"You can take it, take your wife to ski in the Alps, go to Bryce Canyon to watch the sunrise, watch a Champions League final, or watch a football or basketball game belonging to Dongling High-Tech..."

Hearing Li Dongling's words, Ren Yuefeng smiled. "Then I'll take Mr. Li's auspicious words!"

That's what he said, but looking at the smile on Ren Yuefeng's face, Li Dongling also knew that he probably didn't take these words seriously.

Now Dongling High-Tech's valuation, although assessed by Mitsubishi Bank of Japan as 5 billion USD, valuation is always valuation. Without realization, it will always be just a string of numbers.

Even Dongling High-Tech company is like this, let alone the net worth of Ren Yuefeng, the general manager. In 1995, in all of Asia, except for Japanese financial groups and consortia that had private jets, the rest of Asia, that is, the royal families of Siam and the Middle East, had a few, and other private companies rarely had this thing, let alone equipping the general manager.

(End of chapter)