Perfection of Rebirth

Chapter 889 The Ceremony Scene
I don't know what the mentality of Goldman Sachs Island is. The signing ceremony for the transfer of Sanyo's shares is very grand.

When it was close to eleven o'clock, the scene was already very lively, and the attendees of management companies such as Goldman Sachs Island Country, Daiwa Securities, and Sumitomo Mitsui Banking Corporation were already waiting in the rest area for the signing ceremony to begin.

And the ceremony site was naturally crowded with people.

"Mr. Tokuda, you're here too." In the crowd, a middle-aged man greeted his acquaintances on one side.

"That's right, Mr. Xiaolin, I haven't participated in such a lively signing ceremony for many years." A middle-aged man with an NHK sign replied.

NHK is the first mass media organization established in Japan in accordance with the "Broadcasting Law". Its headquarters is located in Shibuya District, Tokyo, and it also has TV stations with considerable program production capabilities in various prefectures.

Such a media would naturally not miss such a major historical event as the acquisition of Sanyo Group.

Yes, in the eyes of NHK, this is a historical event.

Perhaps, this will mark the beginning of the decline of the island's home appliance industry, and more and more home appliance giants will follow the same path as Sanyo in the future.

Home appliance makers in the island nation once led the world in white goods such as washing machines and refrigerators, as well as electrical appliances such as televisions and VCRs.

After entering the 21st century, island home appliances turned from prosperity to decline due to the rapid rise of the home appliance industry in South Korea and China.The emerging power has conducted thorough research on the products of the island country, and quickly occupied the market share of the island country's products with the advantage of low price and high quality.

When launching products overseas, manufacturers in island countries mostly copy the products sold in the island country, while Korean manufacturers investigate the lives and needs of local people and reflect the findings in their products.

For example, in order to cater to the habit of Chinese people not to mix underwear and other clothes, a washing machine with upper and lower laundry tanks was introduced; in order to prevent food from being stolen in India, a refrigerator with a lock was specially introduced.

The reason why it is easier for emerging companies to participate in market competition depends to a large extent on the change of the age of electrical appliances from analog signal type to digital development.In the age of analog signals, both product development and assembly technology require high technical capabilities.This has also become an obstacle for latecomers to enter the market.

Most of the leading island companies in the field of home appliances can quickly develop high-performance and high-quality products, and the world market also has a great demand for such products.

But with the development of digitalization, the technical barriers are getting lower and lower.The rapid development of semiconductor technology makes it easier to manufacture products with the same function and performance.High-quality and low-cost products are widely favored by consumers, and sales are also rising.

On the other hand, Japanese companies stick to their past successful experience, thinking that as long as they are high-quality products, they will surely have a market, and stick to the policy of manufacturing high-performance products.

However, in markets dominated by emerging countries, "good quality but a little expensive" products are not sold well, and only "cheap products" or "because of scarcity, brand, representative meaning, etc., it doesn't matter if it is expensive" products to survive.

In fact, in Jiang Hui's view, the "decline" of the island's home appliance companies is largely not due to the failure of the technology and products of the island companies, but because their business thinking is too rigid and the market response is too slow, which leads to their market adaptability. Decline, globalization strategy and management ability decline.

In other words, the decline of island home appliance companies is not due to products and technology, but to management and concepts.

Another point is that the collective decline of the island's home appliance industry also has active transformation elements.

In recent years, companies in island countries have increasingly believed that Chinese and South Korean companies have stronger cost management capabilities and can make products cheaper. This is something that island country companies cannot match. Instead of fighting with Chinese and Korean companies on the price level, it is better to actively turn to Chinese and Korean companies have not set foot in or have set foot in but the field of competitiveness is not strong.

Therefore, the transformation of home appliance companies is similar to that of American companies voluntarily withdrawing from the home appliance field 40 years ago.

Back then, the island countries took over the stick from the Americans; today, China and South Korea take over the stick from the islanders.

Still, global digital technology remains in American hands.

"Such a lively signing ceremony is actually a ceremony for a Chinese company to acquire an island country company. It's really ironic."

"The Celestial Dynasty has indeed developed very fast in the past few years. If I hadn't happened to go to the Shanghai stock market in the past two months, I can't believe that the Celestial Dynasty has developed to that extent. It is far from what I imagined before. Wearing tattered clothes, the Celestial Dynasty has not even solved the problem of eating."

"It's a pity that there are not many people who can understand clearly like you. When you read the comments on the Internet, they are either sad or scolding. Has anyone seriously analyzed this matter?"

"Netizens, you can't expect them to publish any insights. The real thing still needs us, the media, to go back and write the manuscript."

……

"Sister Guan, it seems that we have a big news today. It's a surprise." One of the leading reporters of Tianchao Youth Daily, known as Sister Guan, was Xiaoguan who followed Chen Yanping to interview Jiang Hui.

Thanks to the good relationship with Guanghui Group and the many exclusive news provided to her by Guanghui Group in the past few years, after Chen Yanping left Tianchao Youth Daily, Xiao Guan quickly made up for the position left by Chen Yanping, and smoothly transferred I have become sister Guan since I was a child.

The title of Sister Guan does not depend on how old Xiao Guan is this year, but reflects Xiao Guan's status within the newspaper office.

Everyone knows that news about the Guanghui Group, especially about Jiang Hui, is hard to get, but Xiao Guan can get it often, so the leaders of the newspaper office don't pay attention to her.

If she was poached by the court again like Chen Yanping, the Tianchao Youth Daily would suffer a great loss.

"When I came here, I vaguely felt that the Guanghui Group was going to make some big moves. After all, they have always been very low-key. This time, the high-profile invitation to the island country to participate in a signing ceremony cannot be casual. It's just a ceremony, but I never thought that they would acquire Sanyo Group." Xiao Guan said with a little emotion.

"Yes, Sanyo Group is such a big company. I heard that they have nearly 10 employees alone, and their products cover various fields such as home appliances, mobile phones, semiconductors, etc. It is a real large-scale enterprise in the island country."

"It's still a big business. I said Xiao Wang, you didn't learn Japanese for nothing."

"Hey, if you want to come to the island country, you must pick up your old things and tidy them up."

"In a while, you can interview those islanders well, and we will feel proud."

……

(End of this chapter)