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I Sell Mobile Phones Like a Swindler, and Customers Beg Me Not to Go Out of Business

Chapter 129 : Spending 1 Billion to Build a Nest · Sep 29, 2026

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Chapter List (162)

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101 Chapter 101 : Four Mobile Phones Released in Two Months 2026-09-29
102 Chapter 102 : The Xiaomi 6 Launch Event Officially Held! 2026-09-29
103 Chapter 103 : Destroy Ideals! 2026-09-29
104 Chapter 104 : is priced so high, I wonder which idiot would buy it. 2026-09-29
105 Chapter 105 : Huawei P9, Leica Optics 2026-09-29
106 Chapter 106 : You fucking release eight different phone models in one month?! 2026-09-29
107 Chapter 107 : Investing in Units, Laying the Foundation for the Future 2026-09-29
108 Chapter 108 : Planning for Singles’ Day! Honor Phones in Trouble? 2026-09-29
109 Chapter 109 : Destroyed! Double Eleven Opening Ceremony 2026-09-29
110 Chapter 110 : Ideal Double Eleven Battle Report Released, Full Gateway Injection 2026-09-29
111 Chapter 111 : Can you please stop making me laugh? 2026-09-29
112 Chapter 112 : The Dilemma of Douyin 2026-09-29
113 Chapter 113 : How to Stand Out? 2026-09-29
114 Chapter 114 : Acquiring Musically, Harvesting the World! 2026-09-29
115 Chapter 115 : Are you OK? 2026-09-29
116 Chapter 116 : I took my pants off, and this is what you show me? 2026-09-29
117 Chapter 117 : Brainwashing and Abuse Completes Public Opinion Reversal 2026-09-29
118 Chapter 118 : Sponsor of the Spring Festival Gala 2026-09-29
119 Chapter 119 : Ideal Technology? Not familiar at all! 2026-09-29
120 Chapter 120 : Company New Year’s Eve Dinner 2026-09-29
121 Chapter 121 : The Spring Festival Gala uses our mobile phones 2026-09-29
122 Chapter 122 : Why are they using Xiaomi 6 phones for the Spring Festival Gala? 2026-09-29
123 Chapter 123 : Called Back to Work at the New Year’s Eve Dinner Table 2026-09-29
124 Chapter 124 : It Seems Like an Old Friend Has Arrived 2026-09-29
125 Chapter 125 : The Realm Has Already Changed 2026-09-29
126 Chapter 126 : If you make short videos, then I’ll do live streaming. 2026-09-29
127 Chapter 127 : Landing in Africa, Showdown with Samsung 2026-09-29
128 Chapter 128 : Panda Live Officially Launched 2026-09-29
129 Chapter 129 : Spending 1 Billion to Build a Nest 2026-09-29
130 Chapter 130 : Three Key Strategies for the African Mobile Phone Market 2026-09-29
131 Chapter 131 : Exceptional Reputation, Sales Reversal 2026-09-29
132 Chapter 132 : To love her is to discover her beauty 2026-09-29
133 Chapter 133 : TikTok’s Full-Scale Deployment in the African Market 2026-09-29
134 Chapter 134 : Samsung’s Decline is Over 2026-09-29
135 Chapter 135 : Attending the Meeting in Beijing 2026-09-29
136 Chapter 136 : Answering Reporters’ Questions, in the Prime of Life 2026-09-29
137 Chapter 137 : A Single Sentence Almost Destroyed an Industry 2026-09-29
138 Chapter 138 : Panda’s Live Stream at Dawn 2026-09-29
139 Chapter 139 : The live stream room was taken down directly. 2026-09-29
140 Chapter 140 : Platform Vulnerabilities 2026-09-29
141 Chapter 141 : Panda’s Livestream Gets Summoned for Talks 2026-09-29
142 Chapter 142 : Following the Same Method 2026-09-29
143 Chapter 143 : Entering the European Market 2026-09-29
144 Chapter 144 : What’s Wrong with Being a Copyist for a Day? 2026-09-29
145 Chapter 145 : Bai Jingqing makes his appearance! 2026-09-29
146 Chapter 146 : A Song That Was Absolutely Amazing 2026-09-29
147 Chapter 147 : Douyin Launches Live Streaming Function, Officially Entering the Live Streaming Market 2026-09-29
148 Chapter 148 : Landing in the American Market 2026-09-29
149 Chapter 149 : Sanctions! He must be sanctioned! 2026-09-29
150 Chapter 150 : Sanctions Begin 2026-09-29

129: Chapter 129 Spending 1 Billion to Build a NestRegarding Wang Sicong’s invitation to so many celebrities to join Panda Live,

Li Xiang Technology, as a major shareholder of Panda Live, was naturally very perplexed.

After seeing the Weibo post, Xue Haixin immediately called Wang Sicong.

He called Wang Sicong at the first opportunity.

”Little Wang, listen, our live streaming platform’s target audience is gamers.”

The target audience consists of those game players.

”You could say that because our platform lacks cohesion,”

”it’s one thing to poach some big game streamers from other platforms to drive traffic,”

”but why invite all these celebrities?”

However, before he could even finish speaking,

Wang Sicong said coldly, ”Is ’Little Wang’ a name you should be calling me?”

”Call me Young Master Wang!”

Xue Haixin’s mouth twitched a few times. ”Fine, fine, fine.”

”Young Master Wang, I’m asking you, what are you doing inviting those celebrities?”

”You can’t just throw money away just because our angel round funding was substantial, right?”

”The subsequent Series B and Series C rounds are still unknown quantities.”

”If you want to go the distance,”

”we need to be a bit more frugal with these funds!”

Wang Sicong shook his head. ”Xiao Xue,”

”you’re just a phone manufacturer.”

”What the hell do you know about live streaming platforms!”

The world was turning upside down!

Hearing those three words, ”Xiao Xue,”

Xue Haixin felt a surge of fury rushing to his heart.

When had he ever suffered such an indignity!

He was many years older than Wang Sicong, after all.

While he wasn’t allowed to call him Little Wang,

this kid had the audacity to call him Xiao Xue!

Wang Sicong completely ignored Xue Haixin’s petty emotions.

He continued, ”Let me ask you,”

”do you usually watch live streams?”

”Do you know what’s popular with users?”

Xue Haixin still didn’t say anything,

so Wang Sicong went on: ”This is my first serious entrepreneurial venture.”

”Of course I’m not going to just mess around.”

”I’m considering this very seriously.”

”My ambitions are very grand.”

”Since we have ample funds,”

”then let’s do something big.”

”What I’m building is not a live streaming platform in the traditional sense.”

”I’m going to create a pan-entertainment, cross-cultural media platform!”

”Currently, these celebrities are my good friends in the entertainment industry.”

”Inviting them to join doesn’t cost much money,”

”but the promotional effect these stars bring will be massive!”

”When other celebrities want to join Panda Live in the future,”

”Panda Live will then consist of three major segments: gaming, amateurs, and celebrities.”

”Each segment will feed into the others,”

”ultimately achieving monetization.”

”I believe the live streaming platforms of the future will definitely look like this!”

Xue Haixin forgot about being angry.

Listening to Wang Sicong’s explanation,

he couldn’t help but stroke his chin in thought.

It seemed Wang Sicong wasn’t just some foolish son of a wealthy landlord;

he did have some insights of his own.

According to Xue Haixin’s understanding,

what Wang Sicong wanted to build

was a live streaming version of Douyin.

Everyone could start a broadcast and make money.

There would certainly be amateurs who would leap to become top-tier streamers earning millions a month.

Combined with the leading effect of top celebrity streamers,

other amateurs would surely dream day and night of becoming big streamers,

which would lead to more and more people starting broadcasts.

Over time,

the platform would take a cut of various gifts and transaction fees,

which would ultimately all end up in Panda Live’s own pocket.

Panda Live would also become like today’s Douyin,

becoming a massive platform that encompassed everything!

As long as the funding was in place,

he might actually be able to pull it off!

After thinking it over, Xue Haixin

decided to let Wang Sicong do as he pleased.

Anyway, if Panda Live really couldn’t make it,

Wang Sicong’s father, Wang Jianlin, was rich.

He certainly wouldn’t just sit by and watch.

The financing process for a startup generally goes through several stages:

The earliest stage is funded by the founders themselves or their immediate family and friends,

preparing to create a product.

At this point, there is basically only an idea,

known as the Seed Round.

Subsequently, once an initial product is created,

or because the founder has a unique concept or specialized technology,

they gain the attention of angel investors.

The financing obtained at this stage is the Angel Round.

By the time it reaches Series A funding,

the product has basically been proven viable,

and only needs capital to scale up.

Then comes Series B funding,

where the product scales rapidly,

and its business model needs to be validated,

meaning its ability to make money.

Next is Series C funding,

once the business model is successfully validated,

capital is further increased to crush competitors.

Of course, not every company goes through all these rounds of financing.

In actual operations, one can skip the traditional sequence of investment and financing,

depending on the project’s different operational stages and investment value.

Panda Live has now completed its Angel Round.

Next, it needs to validate its business model,

which means seeing if it can make money,

in order to secure Series B funding.

Only if the one billion is used properly

and creates a significant splash

will it be possible to obtain more Series B funding.

After all, one billion might seem like a lot,

but in an early-stage cash-burning industry like live streaming,

it can be burned through in just a few days.

For instance, a streamer’s multi-year signing fee could be over ten million.

One billion really isn’t much!

So, this current one billion in startup capital is merely being used to bait the water.

Xue Haixin made up his mind

to let Wang Sicong do as he pleased.

Let him make as big a splash as possible;

it was all preparation for subsequent financing.

While the domestic live streaming industry was in an uproar over the sudden rise of Panda Live,

the mobile phone market in the distant continent of Africa was also in a state of flux.

After Huayao announced its official entry into the African continent,

Samsung quickly fired the first shot in response to Huayao:

All Samsung phones sold directly in the African region were discounted by about 200 RMB!

Two hundred yuan might not seem like much compared to the Ideal phones that sold for over ten thousand,

but for the African mobile phone market where prices were already low,

it appeared very sincere.

It wouldn’t even be an exaggeration to say

that Samsung was selling at a complete loss!

But they weren’t afraid.

Because they had the capital

and could afford the loss.

This was also one of the main reasons why many local African mobile phone manufacturers failed to take off.

When it came to comparing capital and supply chains with the wealthy and powerful Samsung,

no one could compete.

Ding Kuan, the general manager of Huayao Communications in Africa, was worried upon hearing this news.

He reported to Bai Jingqing with concern,

asking him what they should do

and if they should lower their prices as well.

The funds Bai Jingqing had allocated to him weren’t particularly large.

If they tried to match the price cuts,

they probably wouldn’t be able to outlast them.

Bai Jingqing shook his head. ”There’s absolutely no need to lower prices.”

”Just sell at the prices we previously scheduled.”

The previously scheduled prices

were determined after investigating the market conditions of the African mobile phone industry.

The highest price was equivalent to 1,999 RMB,

while the cheaper ones were 1,299 or 1,399 RMB.

”If we sell at these prices,”

”I’m afraid it will be very difficult to compete with Samsung!”

”I think if we want to grow big and strong in Africa,”

”the most important task at this stage is to survive first.”

”So, Little Boss Bai,”

”how about we set a relatively lower price for now?”

Ding Kuan simply couldn’t understand why Bai Jingqing would do this.

Bai Jingqing pondered for a while

but ultimately refused. ”No need to lower the price.”

”Just sell according to the prices we set before.”

”As for how to gain a firm foothold in the African market,”

”I have other methods.”

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