Chapter 1256: Seizing the Spotlight in the Mobile Internet Era

Faced with the question suddenly raised by Wu Tao, Cheng Congwu hesitated.

It’s not that he doesn’t understand the meaning of the blue ocean, but he keenly grasps the key point of this question, ‘the next piece’, the next piece of blue ocean…

Wait, isn’t the domestic navigation industry just starting out?

At least at present, the information collection project in cooperation between AutoNavi and relevant national geographical agencies and organizations has not yet been fully launched.

The company's map database only contains map information for several major cities across the country.

For a moment, Cheng Congwu had a lot of thoughts in his mind, but he just didn't know how to deal with the questions raised by Wu Tao.

He coughed twice, put his hands together, and replied tentatively: "Mr. Wu, our company is currently focusing on cooperating with well-known automobile manufacturers such as Volkswagen to undertake the development of car navigation modules as a business breakthrough for the company."

"...In this regard, because we have the foundation of GPS development and application before, we are very confident..."

Before Cheng Congwu finished his words of determination, he was interrupted by Wu Tao: "I know that your company's information in the project evaluation has been reflected. But this does not support your company to launch an IPO and enter the international market. long-term goal, isn’t it?”

"This..." Cheng Congwu felt a little disapproval in his heart, so he said anxiously: "Mr. Wu, the automobile market, especially China's future automobile demand growth is still very impressive."

However, Wu Tao was not anxious at all. He leaned back in his chair and said in a leisurely manner: "I don't deny this. But can the growth in car ownership be equated with the number of navigation modules your company undertakes? ?”

Cheng Congwu's thoughts were racing, but he began to understand in his heart that the young man in front of him was indeed a smart man with quick thinking. If he stayed still for a moment, he might not be able to keep up with his thoughts.

"Mr. Wu, you are right to remind us that in the future, similar domestic or foreign competitors will surely enter this market, which will divide the market. Therefore, AutoNavi's market share is not equivalent to the retention rate of domestic cars."

After saying these words, Cheng Congwu felt a little thirsty and drank all the tea in the cup in one breath, still unable to hold back.

In fact, this legendary entrepreneurial giant is deadly sharp and to the point when he speaks.

No wonder Yuanqi Technology has grown from an unknown mobile phone manufacturer to one of the top three in the global mobile phone industry in just a few years!

However, Wu Tao's next words made him even more anxious.

"With all due respect, Chengdu, competition among peers is not the main reason why AutoNavi's market share is far smaller than the car ownership rate."

"...In other words, the car navigation module will not become a must-have module in automobile parts." Wu Tao was too lazy to beat around the bush, "Because it has flaws in functional design and has inherent shortcomings."

Hearing this, Cheng Congwu's old face turned red instantly.

As a young man, he rarely blushes with others.

But now that some people are criticizing one's own products, don't they have to act like a protector and ignore them?

"Mr. Wu, your words may be because you don't know enough about our company's products. The optional AutoNavi navigation module can help car owners become familiar with the route as soon as possible and expand the car's range of action."

"...This, in turn, will also help automobile manufacturers promote their products. The two complement each other and are a win-win relationship."

Faced with Cheng Congwu's radical reaction, Wu Tao smiled and didn't take it to heart, "You're right, I agree."

"...However, all parts of China are now in a period of rapid development, and city maps are changing with each passing day. How can the AutoNavi navigation module provided by your company achieve timely updates of map information?"

Cheng Congwu rubbed the stubble on his chin and mouth. This was his subconscious reaction after being nervous.

An expert will know if it is there as soon as he reaches out his hand.

The legendary figure in front of him is indeed well-known. He even knows the products in his field of expertise.

"This is indeed a difficult problem," Cheng Congwu had to admit. "The current plan we have given is that the company will provide regular updates to major manufacturers, and then the major manufacturers will promote them to 4S stores. Car customers can do maintenance and repair work Or at the right time, choose to upgrade the map package.”

Later, Cheng Congwu's momentum gradually weakened, and his inner confidence was exposed.

Wu Tao poured another cup of tea for the other party, then raised his glass and said, "Mr. Cheng, believe it or not, with this upgrade path, not even 30% of the customers who actually choose to upgrade in the future will reach it."

"...If things go on like this, the role of the navigation function module will be wasted, and it will eventually become an unnecessary option, used to show class, specifications and so on."

As soon as he said this, Cheng Congwu's heart sank a little bit, feeling so cold.

Originally, the company's internal estimate for this upgrade update rate was 60%, but unexpectedly it was cut in half by Wu Tao.

This is not a question of doubling market share.

It is the self-step that determines the car navigation module from an expected must-have module to an optional module that can be equipped or not.

This is going to end your life.

No wonder AMAP only won the second prize in this massive project competition.

Cheng Congwu turned around and finally understood Wu Tao's starting point.

Look at this person's meticulous thinking, even a casual conversation, can echo from beginning to end, and reveal the truth step by step, sentence by sentence, which makes people suddenly realize and have to accept it.

Cheng Congwu's thoughts went in a circle.

But Wu Tao, who brought up this topic and led the conversation, has not yet achieved his original goal.

However, he did not take the initiative to mention it, but waited for the founder in front of him to realize and ask questions.

Of course, in the end, if the other party didn't ask at all, Wu Tao would consider choosing another person to convey the development concept he wanted to express.

Anyway, there is always no shortage of similar talents.

It just takes patience to find out.

Fortunately, Cheng Congwu did not disappoint him. After a short period of absorption, his face suddenly became as excited as a child. He couldn't even speak clearly and asked stumblingly: "Mr. Wu, you...you just... ...Speaking of that...the next blue sea, you must have something to instruct us?"

Wu Tao smiled with satisfaction on his face, but he still said without taking any credit: "I can't talk about instructions. I also think that your company belongs to the Software Valley, so I want to communicate with you."

"...Since the simple built-in navigation module of the car has shortcomings in updating and upgrading, then, can we consider changing to another application form to overcome this problem and level the market?!"

In an instant, the brain power of Cheng Congwu began to operate at overclocking speed.

Because he didn't want to disappoint the young man in front of him again.

After a moment, Cheng Congwu had an idea, and a bold idea jumped into his mind. Although this idea was a bit tricky and flattering, he still said it firmly.

"Integrate with the Lotus smartphone platform and build it into a mobile application to achieve promotion and open up the next blue ocean?"

Wu Tao patted his leg and said without concealing his appreciation and encouragement: "Yes, to be precise, it should be through built-in mobile Internet applications to open up the next blue ocean!"

"...In this case, the navigation function will break away from the framework of the automobile industry and become a daily function popularized by all people. Such a market size can even allow your company to stand at the forefront of the mobile Internet era and become one of the first takeoffs. "