The Mitsui Foundation has conducted very thorough research on the nearby Royal Family Fund, and its ups and downs in the market battle with the Samsung Group over the years cannot be hidden from anyone who is interested.
However, the current Samsung Group is a US-funded company disguised as a Korean Peninsula company, so if you want to be ruthless, you have to think carefully.
Samsung Group is backed by a series of American capitals such as the Rockefeller Consortium, the Cleveland Consortium, and investment funds. It does not have strong confidence to withstand overt and covert counterattacks by the other party, so it really has to think twice before acting.
Wang Yaocheng looked at the old fox with a playful smile, not worried at all, he knew;
The Mitsui Consortium also has a far-reaching presence in the U.S. political arena. Judging from the ups and downs that Toyota has experienced when exporting its cars to the United States, it has secretly fought countless rounds with the U.S. consortium and has not lost even a bit.
If the Samsung Group was a tough guy, the Mitsui Consortium would have been turned into steel a long time ago. It is a lump of steel that cannot be smashed with a hammer.
Although Samsung, Mitsubishi, and Mitsui are all three-generation consortiums, their relations with each other are not harmonious. Their consortium companies have fierce competition in the fields of home appliances, automobiles, retail, chemicals, shipbuilding, military industry, etc., and they are direct PK opponents.
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For Royal Fund, the industry involves more network high-tech, entertainment industry and traditional high-tech fields, and mutual complementary cooperation is far greater than competition.
Wang Yaocheng readily accepted the olive branch offered by the Mitsui Consortium;
Because this is in line with the grand strategy of the Royal Fund industry to transform from virtual to real, increase investment in leading companies in various fields, and form a solid foundation for the long-term development of the consortium.
As time goes by, even if Wang Yaocheng loses his cheating golden finger, he can still maintain steady development.
The dominant positions of Google and Facebook in the high-tech field of the Internet still do not undermine Wang Yaocheng's prestigious title as the "Godfather of Silicon Valley."
This is a prudent approach that walks on two legs and focuses on the development strategy of the consortium in the next 20 years.
In the field of home appliances;
The home appliance products of GREE Group and Yangtze Technology Group are still in the mid-to-low-end field, and have little interaction with the mid-to-high-end segment of Japanese-funded enterprises, so they are not direct competitors.
If you want to continue to climb to the mid-to-high end, Samsung is a big mountain standing in front of you, and you must move it away.
The product structure of Samsung and LG's home appliances is more like that of jujube, with mainly mid-range mainstream products and fewer low-end and high-end products. Challenging the high-end market position of Japanese home appliance manufacturers is a sure thing, and the two sides have launched full-scale competition.
Samsung is everyone's common enemy. This is the basis for cooperation and the interests of both parties.
"Haha, Wang Sang has thought so clearly. He must have specific regulations. Can you share them with me?"
"Extremely happy."
Wang Yaocheng took a slow sip of tea and said, "Yellow River Technology Group, a subsidiary of Royal Family Fund, is expected to significantly reduce the price of mid- to low-end LCD screens by the end of the year. This will be a clarion call for the market to reshuffle.
Then, Gli Group will then launch a price reduction storm to seize more of the mid- to low-end home appliance market.
It is expected that this will be a free-for-all, and domestic home appliance manufacturers in China will be involved, whether voluntarily or passively, and spread market competition to all parts of the world.
Under the fierce attack from Chinese companies, Samsung and LG's home appliances will definitely lose the low-end market and reduce their share of the mid-range market.
At this time
Whether we can achieve the greatest results depends on your response..."
Wang Yaocheng looked at Mitsui Gaochang meaningfully. Seeing that the old fox had turned into facial paralysis mode and could not see any mental activity or any expression, he couldn't help but secretly give a negative review;
Old guy, how long will you keep pretending?
The only thing that never changes is interest.
If you say...
Inviting you to act based on friendship is very unreliable, and the chain can be lost at any time. There is a context to follow based on interests, and the fox's tail cannot be hidden.
“I suggest;
You should act as soon as possible and go to China to establish a joint venture to significantly reduce costs while accumulating strength, prepare more ammunition for this exciting battle, and give the opponent a fatal blow.
Of course, I don't expect to see results within two or three years.
A small vision can be determined, which will push Samsung and LG into the abyss of losses within a five-year period and prevent them from recovering.
We own the low-end market, and you have the high-end market as your preserve, temporarily abandoning the interests of the mid-range market as your battlefield.
We are squeezing the upper and lower ends toward the middle, using the mid-range market as a battlefield where bayonets are red, and working together to clear the market. This is in the actual interests of both you and us."
After Wang Yaocheng finished speaking, he saw that Mitsui Gaochang was deep in thought for a long time, so he didn't hurry to urge the other party and slowly tasted the tea in his hand.
This decision was not easy for Mitsui Takacho to make, because the Mitsui Consortium owns many well-known home appliance brands, including Sony, Panasonic, Toshiba, NEC and Sanyo. The product matrix is similar to the brand layout of Royal Fund in the mobile phone field, with product lines ranging from high to medium to low.
Both ends are available.
Sony and Toshiba are slightly better. Most of their products are positioned in the mid-to-high end, especially high-end home appliances, so they are less affected.
But Panasonic, NEC and Sanyo cannot do that. Most of them are mid-range products, which are similar to Samsung's jujube core structure, thick in the middle and thin at the ends.
Once a war breaks out, the impact will be huge, and there is a high probability that it will be dragged into the water as well.
That is to say;
As a new player in mid-range home appliances, Glid does not have a high market share. The losses of the consortium companies will be much higher than those of the other companies. Considering that Glid Group is focusing on the low-end field, the Mitsui consortium companies will still suffer some losses.
After a while
Mitsui Takacho said with a serious expression; "Wang Sang, I generally agree with you, but there are still discussions on the details.
The consortium of home appliance companies has always had plans to establish a joint venture in China, but the progress has been delayed. We are willing to cooperate closely with you in this regard and carry out work in this area quickly.
Specific matters will be contacted by relevant enterprises, and the consortium will provide guidance and vigorous promotion.
As for how to launch the attack next, what strategy to adopt, and to what extent we can achieve it, etc., we will conduct careful research and provide a reply as soon as possible."
"Then I'll wait for good news."
Wang Yaocheng is also satisfied with this statement.
As long as the leader of the consortium sets the general direction, it is left to the professionals to negotiate. Cooperation can only last long if it is based on a win-win situation, rather than hoping that one party will pay unilaterally.
The Samsung Group is a demonic obstacle that cannot be bypassed in Wang Yaocheng's heart. Like a stubborn little strongman who cannot be defeated, he will always pop up and make people disgusting again and again.
After several years of recuperation, Samsung's home appliance products have steadily increased their share of the international market, and their operating profits are quite good, showing strong development potential.
Li Jianxi doesn’t know what kind of ecstasy he poured into the US-funded consortium behind him. Maybe he saw the enviable and huge profits of the DRMA memory chip project, which once again evoked the dream of rebuilding the semiconductor empire.
This guy has started investing in wafer fab projects again, and the proposed blueprint is quite ambitious. The first phase of the project in Busan has already started, and many technical experts have been poached from Hynix to prepare the Samsung Semiconductor Research Institute.
This was simply unbearable for Wang Yaocheng, and he had to get rid of it quickly.