Super Rich from Winning a Lottery-Chapter 346 - 243: Who Plagiarized Whom? (Part 3)

Apart from the consumers being happy, able to scan the code and get a red envelope every day, the happiest ones were certainly the local merchants.

After all, if consumers want to scan the code and get a red envelope every day, they must consume every day. And if you want to consume, you surely have to find a merchant, and since you only get a one-yuan red envelope, it's impossible that you only buy something worth one yuan!

So, when Tao Payment and Quiet Payment were holding promotions, the local market became noticeably more active, and the business of various merchants flourished.

The ones having the toughest time were probably Quiet Payment and Tao Payment. To fight for market share, the money they gave out in red envelopes every day was calculated in millions.

However, under the aggressive promotion of giving out red envelopes, both Tao Payment and Quiet Payment saw a surge in the number of verified users.

Many people, in order to scan the code and get a red envelope daily, replaced their phones with smartphones. As a result, the sales of Huaxing 3 smartphones skyrocketed, and the sales of other domestic brands' 3G phones also increased rapidly.

Because of the release of the Huaxing 3 smartphone, the prices of the previous Huaxing 1st and 2nd generation phones dropped significantly. Many consumers with less financial power would choose the more affordable Huaxing 1st and 2nd generation smartphones, which were also smart and supported 3G and QR code payments.

As a result, Huaxing smartphones captured not only the high-end phone market but also the mid-range phone market.

Huaxing smartphones have been on the market for only three short years, with a new generation released each year. This year, the third year, marked the release of the Huaxing 3 smartphone.

Currently, the highest-end phones in the Huaxia market are Apple phones, Samsung phones, and Huaxing phones.

The first two major brands are foreign phones, and domestically, Huaxing is the only high-end smartphone brand, single-handedly taking on Apple and Samsung to split the domestic high-end phone market.

The once highly popular Nokia phones are now declining, unable to keep up with the times.

Yi Anguo knows that Nokia phones will eventually completely withdraw from the domestic market, having failed miserably in the smartphone era.

Meanwhile, many domestic brands have emerged, but many produce knockoff phones, lacking core technology and relying on assembling various purchased components, competing only in the low-to-mid-end phone market.

The knockoff phone market is currently booming, with all major knockoff phone manufacturers seemingly doing well.

However, Yi Anguo also knows that the era of knockoff phones is coming to an end. Once Leibus launches the Xiaomei phone, it will completely end the era of knockoff phones.

Xiaomei phone has redefined the phone market. It primarily uses online sales channels, saving a lot on channel fees, without middlemen making profits, directly driving prices down to the lowest, leaving no soil for knockoff phones to survive.

Although the cost of knockoff phones is relatively low, their sales channel costs are high, with middlemen taking a large portion of the profits, leaving the actual knockoff phone manufacturers with low profits.

Coupled with the lack of quality assurance, consumers will naturally choose the better quality and affordable Xiaomei phones, so once Xiaomei phones were launched online, they sold out, with more than 300,000 units sold in a single day.

However, Leibus's Xiaomei company has just been established not long ago and hasn't launched the Xiaomei phone yet, so the current phone market is still mixed with many knockoff brand phones, with all knockoff brand phone manufacturers still thriving.