October 4th…
After having a meal with Lin Chang the day before, Pei Qian carefully considered his new business.
Live-streaming and cell phone manufacturing would both require huge initial investments and potentially incur major losses. Even if he wanted to venture into these new territories, he had to wait for the next settlement cycle.
Of course, while huge initial investments were required, there was an expensive and a cheap method of going about things.
Take cell phone manufacturing for example. Even if Pei Qian wanted to start such a business, he did not need to have hundreds of thousands of cell phones in his inventory. It was impractical and unnecessary.
Huge manufacturers needed a lot of inventory for two reasons. First, they needed to reap the economies of scale. Second, they were afraid of being reprimanded by customers should their cell phones sell out.
However, Pei Qian did not have to think about these things.
