Chapter 937: Guarantee 2 Contest 1

May 1st. ． update the fastest

The global president of Carrefour is about to leave for China. As soon as the news spread, it attracted the attention of many people.

Of course, the emphasis is on people in the retail industry.

What really attracted most people's attention was the problematic milk powder incident and Yuanfang Weibo's success in financing.

Yuanfang began financing in 2007 and did not officially come to an end until May 2008.

Needless to say, it lasted long enough.

Of course, Li Dong did not wait in vain.

In 2007, Weibo was valued at US$100 million. In just half a year, the value of Weibo has increased by more than ten times, and it is close to 10 billion yuan when converted into RMB.

As for the issue of milk powder, after several days of deliberation, it has also developed to **.

In the past few days, the test reports of the families who took their children to check at that time have been released one after another.

According to rough statistics, about 10,000 babies received medical consultation.

Among them, more than 2,000 infants and young children are currently hospitalized, and 3 people have been diagnosed with the disease, and the others are still undergoing further examinations.

The proportion is not large, but things are still ignited.

Three people were diagnosed, which is indeed not many.

But it also proved that problematic milk powder can indeed cause illness and even death!

If it wasn't for the news from the distance, and they continued to let their children use it, would the next person diagnosed with the disease be their own child?

Will the first person to die be his own child?

Thinking of the consequences, countless parents are terrified.

All of a sudden, attacks on various supermarkets and dairy companies continued on the Internet and in the media, and millions of people called for severe punishment of the "murderer"!

Yes, at this moment, everyone treats these companies as murderers.

Several major supermarkets and dairy companies were pushed to the forefront, and their business plummeted.

Only the distant supermarket,

At this time, it became the only object of trust for everyone.

In April, the sales of Yuanfang Supermarket rose sharply.

Prior to this, the monthly sales of Yuanfang Supermarket was around 4 billion, and the statistics in April, although the specific data has not yet come out.

However, Li Dong already knew the general data. In April, the sales of Yuanfang Supermarket should have exceeded 5 billion.

You know, March and April are off-season for supermarkets.

At this time, Yuanfang Supermarket has actually achieved sales of more than 5 billion yuan, which is 25% higher than that in March, which is simply unimaginable.

But the distance did it.

Li Dong is not yet clear about the sales of China Resources and Bailian in April.

But Li Dong knew the sales of the two companies in March.

In March, Bealead was far ahead with sales of 6 billion, followed by China Resources with sales of 4.5 billion. At that time, Yuanfang ranked third in the supermarket chain industry with sales of 4 billion.

Although he didn't know the result in April, Li Dong knew that the two companies must not have risen, or even declined.

On Bailian's side, it should be impossible to surpass it in the distance, but it should be stable when it hits China Resources.

Surpassing China Resources in the off-season may not have too much gold content, but it does not mean that there is no gold content.

If this continues, it is certain that Yuanfang will surpass China Resources Vanguard this year.

...

in the office.

Li Dong, Sun Tao, and Yuan Chengdao were smoking.

In the smog, Yuan Chengdao said with emotion: "After winning Suguo last year, I think it will take at least two to three years to surpass China Resources.

Unexpectedly, not long after the new year, and before the first half of the year, our monthly sales surpassed that of China Resources.

In the past four months, January and February were peak seasons, and because of the heavy snow at that time, our supermarket business was already good, not much worse than that of China Resources.

In the later period, stores opened one after another, and with the counterattack in April, after four months, our total sales should exceed 20 billion.

According to this progress, even if we do not expand this year, the annual sales of supermarkets in 2008 should exceed 60 billion.

I can't believe it! "

Sun Tao on the side answered: "In 2007, China Resources Group's annual revenue was 100 billion, but this is their total revenue, but in terms of retail sales, China Resources just reached 50 billion in 2007.

Bealead’s retail revenue last year was 87 billion.

This year, I think China Resources will be around 60 billion at most, and Bealead may reach 100 billion.

It should not be too difficult to surpass China Resources, if Bailian..."

Sun Tao didn't continue talking, it was not easy to surpass Bailian, and even said it was useless.

The 40 billion revenue gap is equivalent to rebuilding more than half of the distant supermarkets.

This gap cannot be bridged with a few rhetoric.

Li Dong said at the annual meeting that the supermarket should be the number one this year. Now it seems that the first is too difficult, and the second should be sure.

In less than five years, Sun Tao was satisfied, and Yuan Chengdao was also satisfied to become the second largest supermarket chain in the country.

The entire Yuanfang Group is almost satisfied.

Only Li Dong was a little dissatisfied.

Li Dong thought for a while and said, "What if we win Carrefour next?"

Yuan Chengdao shook his head and said, "Unless they take over their stores across the country, after all, Carrefour's total revenue last year was less than 30 billion. If all of them are replaced by Yuanfang's signs this year, they may be able to break through 40 billion by taking this opportunity." .

At that time, there was hope that the annual revenue of supermarkets would exceed 100 billion.

However, it is too difficult to accept Carrefour's regional stores across the country.

First, we have overlapping stores with both parties, and the number of stores that can be absorbed by us is about 80, accounting for about two-thirds of Carrefour's stores.

If you want to take over these 80 stores, let alone other difficulties, the acquisition funds alone are astronomical. "

At this time, there were no such large-scale mergers and acquisitions in China's retail industry.

However, Li Dong, who was reborn, knew once that China Resources acquired Tesco in 2014.

At that time, Tesco had about the same number of stores as Carrefour, and similar sales.

In the end, China Resources acquired the other party at a price of 22 billion Hong Kong dollars. Of course, this is the data given by China Resources, which may not be accurate.

And it was not a complete merger and acquisition at that time, it was Tesco and China Resources who established a joint venture company.

Also, the brand value of Tesco at that time was also included.

However, no matter what, if you want to acquire more than two-thirds of Carrefour's business in China, you don't even think about it for seven or eight billion.

Perhaps a little lower, after all, Carrefour is now in a difficult situation and its reputation has been severely damaged.

However, the gap between up and down should not be too large, and a guarantee of 7 billion is indispensable.

For the current distant place, the difficulty is not so great.

Li Dong tapped on the table lightly, thought for a while and said: "If you really take over the non-overlapping area, it will be these 80 or so stores.

In addition to our current expansion in Shanghai, Henan Province, and Shancheng, do you think it will be difficult to earn 100 billion yuan by the end of the year? "

Sun Tao calculated after hearing the words: "It's a little difficult, but it's not too difficult. And you said before that in the second half of the year, we will carry out a batch of expansion. If we can put some of it into operation before the end of 2008.

If it is hundreds of billions, I think there is great hope. "

Yuan Chengdao on the side added bitterly: "If it is necessary to acquire stores like Carrefour, it will cost 8 billion yuan, and in places like Shanghai and Shancheng, it will cost at least 2 billion yuan to complete the construction.

Not counting the expansion in the second half of the year, we still need to invest 10 billion yuan in supermarkets in the first half of the year.

Last time Mr. Li sold Baidu shares and raised 700 million yuan.

For the supermarket, including the profits in the next few months, it will only add up to about 2 billion.

Therefore, on a comprehensive basis, if you want to acquire Carrefour, you will have to spend an additional amount of money, between 8 billion. "

As he said that, Yuan Chengdao considered for a while and said, "Mr. Li, maybe we don't need to spend so much to annex their business in East China, I think it should be almost the same.

In East China, their business overlap with ours is the highest. We only need half of the 40 stores. "

Li Dong hasn't spoken yet, he doesn't know what's on his mind.

Seeing this, Sun Tao said softly: "Mr. Li, even if we can't compete for the number one position in the supermarket chain industry this year, we will definitely be able to do so next year.

What Mr. Yuan said is actually reasonable. If we acquire 80 Carrefour stores, we are sure to become the number one this year.

However, what we are facing is a sky-high M&A price of about 8 billion.

If we don’t hit No. 1 this year, our task will be a lot easier. About 2 billion should be enough to acquire Carrefour’s stores in East China.

The difference of up and down 6 billion is only the difference between the first and the second. "

Li Dong glanced at him, and said calmly: "Sometimes the first and second are very different, you should understand this.

The focus of our attention now is whether to annex Carrefour completely.

If we swallow all of them, we will hit the first place this year, with great certainty.

If we don't swallow them all, we can't hope to be number one, right? "

"indeed so."

Sun Tao also does not deny this point. It is almost impossible to reach a supermarket sales of over 100 billion without taking over all of Carrefour's business.

Even the later expansion is the same, after all expansion takes time.

The expansion will begin in the second half of the year, and it may not be until next year if it is put into operation.

That's why Sun Tao said that next year, Yuanfang has a good chance of winning the first place. This year, it depends on how Li Dong chooses.

Facing huge financial pressure?

It's better to take a step back first, let yourself live a little easier, and be satisfied with taking second place.

Of course, in fact, he had a premonition in his heart that Li Dong would choose the first point.

He has always been like this, if he can be the first, he will not be the second, especially when he sees hope.

Now hope is actually still there, the key is money, about 8 billion mergers and acquisitions, Yuanfang can't get it out.

Even if Weibo embezzles it, the maximum is 1 billion, and the gap is huge.

Several people didn't speak any more, and neither did Li Dong.

What he's thinking about now is, should he take out his money in the stock market at this time?

Last time Xu Shengzhe withdrew, but he didn't.

He has been planning to save this money until after Lehman goes bankrupt, but now, the opportunity is close at hand.

Winning all the business of Carrefour, the concept of Yuanfang Supermarket winning the first place this year is very big. As long as Bailian does not acquire several other large supermarkets, Yuanfang can do it with a little effort.

The point is, taking it out, all his plans were disrupted.

For the next six months or even a year, Li Dong couldn't do anything.

You can only watch the opportunity pass, but you have no money to invest.

But if the money is not used, what will be used to acquire Carrefour?

Even if it is paid in installments, Carrefour will not be able to afford it for too long, and money is still needed.

Of course, in fact, Li Dong still has another option, a joint venture.

Let Carrefour and Yuanfang enter into a joint venture, with both parties owning shares, just like China Resources and Tesco in the future. In this way, Li Dong does not need to pay, and Carrefour has to contribute capital.

As for whether Carrefour is willing, needless to say, Li Dong promises that they will.

Once the two joint ventures operate, they will become the number one retailer in China, and Carrefour will suffer heavy losses in various markets.

At this time, the olive branch was thrown from the distance, and it was no wonder they were unwilling.

But the key is that Li Dong is unwilling, he doesn't want Yuanfang to become a joint venture, once a joint venture is established, his national brand slogan will become a joke, a big joke!

If there is no joint venture, it will cost money, a lot of money.

Li Dong's head hurt a little, he took a long breath and said: "Forget it, I said something happy today, but now I'm not happy about it.

Let's not talk about these things for now. As for whether to acquire all of Carrefour's businesses, or the business in East China, or not at all, let's wait for Dulan to come.

In a few days, I might go to Shanghai.

Duran is here, and I want to talk to him in person. "

Although Chen Lang is also in Shanghai, after all, Chen Lang is not the president from far away, nor is he the top person in charge of the supermarket.

Dulan is the global president of Carrefour, the world's top 500 companies, and the presidents of top-ranked giant companies.

At this time, to talk about mergers and acquisitions, Li Dong had to go by himself.

And when it comes to such a large-scale merger and acquisition, whether to talk about it or not will require improvisation, and Chen Lang can't make up his mind.

Li Dong was going to Shanghai, Yuan Chengdao and Sun Tao had no objection.

However, Sun Tao still asked: "Mr. Li, will the financing of the mall and PP continue?"

"Let's put it aside first, Wanjia.com and the mall have just merged, and we will operate it for a period of time to see the effect.

In addition, the mobile terminal of PP has just been launched, and financing at this time will not maximize the benefits.

When the results come out and the market environment is better, we will refinance. "

Neither Yuan Chengdao nor Sun Tao refuted what Li Dong said.

It is also true that the current market environment is indeed not very good.

The influence of the financial crisis continued to spread abroad, and it gradually became more serious at home.

At this time, everyone felt a little guilty.

Otherwise, the quotations of the previous institutions would not be so conservative. If it were last year, with Yuanfang’s scale and strength, they might have quoted higher prices.

After finishing talking, Li Dongsong got up and said: "That's all for today, you are busy with your work, I will go back first."

Sun Tao and the others looked at the sky, and it was not until three o'clock in the afternoon.

But they didn't stop the boss from leaving.

Compared to other hands-off shopkeepers, Li Dong can really be said to be conscientious.

In the four years since starting the business, except for the first year when Li Dong was in school, he didn't have much time to return to the company. In the next three years, Li Dong was almost always busy with the company's affairs.

Now it's just leaving get off work early, and if you delay with things at this time, it means that they don't care.

...

It wasn't until Li Dong left that Yuan Chengdao breathed out and said, "Mr. Sun, which plan do you think Mr. Li will choose?"

Sun Tao shook his head and didn't say anything. There are some things that everyone knows, and it's the same whether you say it or not.