My capital is quite large.

Chapter 266 No Jokes in the Army

As Lee Jae-yong and his entourage of South Korean executives departed with their hauls, Li Feng casually instructed Zhang Yuxi beside him:

"Yu Xi, notify Elder Chen and Yu Dazui in Xuzhou. Activate all the technical interfaces of the 20nm process, curved screen, and processor we just obtained from Samsung. Huaxin's reverse engineering team should begin reverse engineering immediately!"

"Okay, boss, I'll send an urgent telegram to the base right away," Zhang Yuxi replied crisply while taking notes on her tablet.

"in addition……"

Li Feng turned around, placed the teacup back on the table, and frowned slightly: "How's the acquisition plan for Transsion going with the investment department?"

Zhang Yuxi swiped her fingers across the screen twice, looking somewhat flustered.

"Boss, the investment department just sent over the progress report yesterday. As for Transsion... they're still stalling. They're being difficult, and the contract hasn't been signed yet."

"Still negotiating?" Li Feng's face darkened.

"That tiny mobile phone factory doesn't even have a decent in-house R&D team. I approved the budget, and they've been negotiating for two whole weeks and still haven't closed the deal?!"

"Go! Bring Zhao Zhe over here! I want to see how they do their job!"

Less than five minutes later, Zhao Zhe, the director of the investment department, rushed into the office, sweating profusely, and stood nervously in front of the desk.

"President Li! I'm sorry! We didn't do our job well!" Zhao Zhe apologized as soon as he entered.

"Stop with the nonsense. What exactly is holding up the acquisition of Transsion?" Li Feng asked coldly.

Zhao Zhe wiped the cold sweat from his forehead and explained somewhat aggrievedly:

"Mr. Li, it's not that the brothers weren't working hard, it's just that a surprise enemy appeared out of nowhere!"

"Two weeks ago, Transsion's founder verbally agreed to our $200 million cash acquisition offer. But just when we were about to sign the contract, they suddenly raised their price and insisted on $3 billion!"

"Three billion?"

Li Feng sneered, "What makes them, a struggling OEM factory in Shenzhen, think they're worth 3 billion?"

"It's because of that competitor who suddenly appeared out of nowhere!"

Zhao Zhe quickly handed over a business briefing, "We checked, and just the day before the signing was scheduled, a venture capital firm called Yuanke Fund suddenly expressed interest in investing in Transsion! As soon as this news came out, Transsion's founder felt it was a rare commodity and took the opportunity to raise the valuation!"

Yuanke Foundation?

Li Feng frowned slightly; the name sounded somewhat familiar.

"What's the background of this Yuanke Foundation? Is it related to Tencent?" Li Feng asked cautiously.

He has a firm grip on Pony Ma's weaknesses in gaming and social media, so it's in line with Pony Ma's style for Tencent to sabotage him from behind.

"It has absolutely nothing to do with Tencent, Mr. Li!"

Zhao Zhe quickly explained, "This Yuanke Fund is actually a fund under MediaTek! Its main focus is on supporting and incubating downstream mobile phone manufacturers. Because Transsion has always used MediaTek's low-end chips, the two companies have some connections. This time, it's purely technical support, just to help Transsion open up sales channels overseas."

Hearing that it was a support fund from MediaTek, Li Feng breathed a sigh of relief.

As long as it's not the penguins pulling the strings behind the scenes, the situation is still under control.

However, since the other party wants to use MediaTek as a bargaining chip to raise the price with Li Feng,

That's utterly absurd!

"Mr. Li, the budget of 200 million US dollars is indeed not enough. Should we talk to MediaTek and ask them to withdraw?" Zhao Zhe asked tentatively.

"I don't have the time to argue with Taiwan." Li Feng's voice was full of unquestionable authority.

"I'll give your investment department another month! I'll raise the budget to 2.5 billion!"

"Whether it's a full acquisition or absolute control, I want Transsion's name to be incorporated into Haofeng's portfolio by next month!"

"If I don't see a stamped acquisition agreement a month later..."

Li Feng pointed to the office door, emphasizing each word:

"You, along with all the senior executives in your investment department, are all fired!"

"Yes, General Li! There are no jokes in the military! One month, one month to take down the Transmission!" Zhao Zhe gritted his teeth and made a solemn pledge.

……

The office returned to silence.

Li Feng rubbed his throbbing temples, looked at the fund allocation sheet just prepared by the finance department, and shook his head helplessly.

Two billion US dollars was given to Samsung as an initial payment and to buy out the technology, plus 2.5 billion RMB allocated from the acquisition of Transsion.

In the blink of an eye, he created another huge hole of 14.5 billion in the semiconductor and mobile phone supply chain.

If you add the interest payments due to major banks at the end of the year, and the remaining balance of over 3 billion for NBA broadcasting rights...

The 800 million yuan that was previously sold off from those two top defectors is nothing compared to the massive industrial competition of this scale. It's completely swallowed up in an instant!

"Heavy assets, they really are bottomless pits that devour money..." Li Feng sighed inwardly.

However, just as he was feeling the pinch of cash flow problems in the country.

In the afternoon, two major reports of victory, jointly submitted by the Film and Television Department and the Games Department, arrived on his desk, which somewhat eased the tense nerves of the Finance Department!

The first piece of good news came from the animation division under the film and television department!

Xiao Chen, who was in charge of the acquisition of Xuanji Technology, and his legal team successfully completed the overall acquisition of Xuanji Technology before the deadline!

"Mr. Li, we have acquired 100% of Xuanji Technology's equity and all the IP of 'Qin's Moon' for a total price of 298 million RMB!"

"It's just within the 300 million target you gave us!"

Looking at the acquisition contract that was completed just barely, Li Feng was fairly satisfied.

This not only means they've captured half of the domestic animation market, but it also proves that Old Chen's son is indeed a capable person.

The second piece of good news came from the game department.

The horizontally reskinned web game "Let Go of That Three Kingdoms," which was strongly promoted and restructured by Han Zongli, has generated astonishing revenue data with its promotion across all platforms.

"Mr. Li! Alibaba is eyeing this game's seamless social features in order to drive traffic to their mobile game platform!"

"After multiple rounds of bidding, we sold the entire rights to 'Let Go of That Three Kingdoms' to Alibaba for 1.15 billion RMB!"

"You have exceeded your KPI target of one billion!"

1.15 billion! A reskinned web game that cost less than 10 million to make!

This astonishing profit margin is pure robbery!