Chapter 288: Ready to Go (Part 2)

Competitors are always enemies; Zhao Qingfeng decided to leave no stone unturned.

But for now, it was a bit early; everything would wait until the initial matters with LeXin and the government were settled.

After briefing the overall situation, Zhao Qingfeng delved into the details of the company’s performance.

114ba’s current traffic had surpassed hao123, and his most concerned project, ‘LeXin,’ saw its registered users jump from less than 400,000 a few days ago to nearly 1 million, achieving a rapid breakthrough.

However,

The faster the user growth, the more money was spent.

But let’s not forget,

Although LeXin was currently operating at a loss, there were still revenues from the navigation website’s advertisements and the promotion of the internet café management system.

To Zhao Qingfeng’s delight, with Gao Siya’s efforts, including promotions in big cities like Shanghai, Beijing, Hangzhou, and Shenzhen, there was almost a splinter-like rapid development.

Currently, there were over 50,000 paying internet cafés nationwide, generating sales of over 40 million yuan, making it Lingfeng Technology’s biggest revenue contributor.

But as always,

Where there is money, there is envy.

Gao Siya had messaged a few days ago, mentioning that other mimic products had appeared on the market.

An inevitable decline was unavoidable, so speeding up the government projects and LeXin’s promotion to become the next revenue source was crucial.

In fact, the promotional costs for LeXin were one aspect, but the future expenses would mainly be on hardware.

As the number of users increased, so did the need for servers, plus the huge consumption of corporate bandwidth, expenses like renting IDC data center hosting or building their own data center buildings, were all significant sums. In the future, it might even burn through hundreds of thousands or millions daily.

But then again, once the daily expenses reached that level, LeXin should start turning a real profit.

Afterwards, Zhao Qingfeng re-emphasized the development plan for the next three years, highlighting the data directions that technical staff should focus on learning, including big data, cloud computing, blockchain, AI intelligence, etc.

He also set the future priorities, “LeXin is doing well in its promotion, but remember, it’s easy to conquer but hard to defend. To ensure our LeXin continues to shine in the future, I’ve decided to lead everyone to develop a few new modules, including the online music platform that will be bundled with LeXin, as well as e-commerce, video platforms, knowledge encyclopedia, and electronic payments.”

After his speech,

Cai Shuwen raised a question, “Mr. Zhao, the e-commerce platform sounds familiar. Is it what you mentioned before about electronic commerce? Selling things online is novel, but as you said, establishing such a huge platform will require a lot of data collection and support. We’re all very busy now; do we need to hire a lot more people?”

Everyone thought hiring was necessary, as the workload was too much for the current team to handle.

Zhao Qingfeng shook his head, “Let’s not hire for now. Regarding the e-commerce platform and antivirus software, these two key projects, I’ve already made preliminary plans. This time, we won’t develop them ourselves. In a few days, our school is organizing a computer competition, and I’ll go to Beijing. Coincidentally, I have two old friends there. I plan to invest in them to do it, and then our company will become their biggest shareholder.”

If the investment is 100% correct, it would be a super awesome project.

Others may hesitate to invest, but Zhao Qingfeng dared.

Because he knew who would make a mark in the future and who would fail miserably. This was verified by the test of time and the wheels of history, never wrong.

“Ah!”

Cai Shuwen exclaimed, “Mr. Zhao, I remember now, you said you were going to Hangzhou to find someone named Jack Ma, right? You also mentioned doing something drastic, and I still don’t understand.”

Zhao Qingfeng shook his head, “We’ll talk about him at the end of the year. This trip to Beijing is to find someone almost as outstanding as him, but I’ll keep it a secret for now. Let’s move on to the next topic. LeXin’s promotion has reached our initial expectations, and I’m ready to officially launch the second phase of the pre-launch activities.”

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