Li Guangyu originally planned to stay at Bentley Island with Cao Weiqing for a few more days, but unfortunately the American consortium did not want him to rest, so he and Cao Weiqing could only take a special plane back to Xiangjiang in a hurry.
Over the years, the struggle between the Lee Consortium and the American consortium has never stopped, and some consortiums with Japan and South Korea are also fighting endlessly for the market in some areas.
Now the market that several parties are fighting for is on the mainland, which has a population of 1.3 billion and is fatally attractive to any enterprise.
Although the Li Group has been established very early, with the continuous reform in the mainland, some of the advantages of the Li Group have gradually disappeared.
Now in the mainland market, the Lee Group not only has to face competition from large enterprises in the United States, Japan, South Korea and Western Europe, but also from large enterprises in the mainland. It is still relatively difficult to occupy an absolute dominant position in some industries in the mainland. After all, the mainland
The market is too big, and due to some reasons, Li's consortium has no way to achieve a monopoly.
For example, this time, Merrill Lynch of the United States took a stake in Shulin Electric Co., Ltd., and Japan was not far behind. Fuji Bank invested in Guomei Electric Co., Ltd. in an attempt to re-divide the market with South China Electric Co., Ltd. and seize the South China Electric Co., Ltd. market in mainland China.
South Korea's Lotte Group even announced that it would inject US$1 billion into Lotte (China) Company to support the expansion of Lotte Supermarket in the mainland market.
Walmart also announced that it will invest US$1.5 billion to expand its development in mainland China.
These pieces of news were announced on the same day. If there was no contact between these parties, Li Guangyu would not believe it.
Due to the influence of Li Guangyu, mainland China will join the World Trade Organization one year ahead of schedule. Not surprisingly, it will be at the end of this year. The inflow of capital at this time is probably also due to this factor.
In recent years, entities have been fighting, and the Internet industry has also been fighting. In the Mainland, the Li Group has entered websites such as Fetion, Lebao, and Qiandu.
In the United States, MSN, Amazon, eBay, Google, etc. are also gearing up and preparing to enter the mainland market.
The Internet in the Mainland is also developing rapidly. Internet companies such as TX, AL, WY, XL, and SH invested by the Li Group in the Mainland are also developing rapidly. When the time comes, they will inevitably compete fiercely for the market.
As for the other BD, it has disappeared now. Its founder is now the president of Xiangjiang Qiandu Company, and it is estimated that he will not go back to start a business again.
The more industries develop, the bigger their competitors become. For example, Xiangjiang Petrochemical Group, after so many years, can only operate in the four major municipalities, Guangdong Province, Su Province, Zhejiang Province and Sichuan and Shu Provinces.
It is now unable to continue to expand in other mainland provinces.
There are many reasons for this. Continuing to expand Xiangjiang Petrochemical Group will only result in losses. Because there is no market for Xiangjiang Petrochemical Group, and due to price restrictions, Xiangjiang Petrochemical Group has lost a lot of advantages in seizing the market.
On the plane, Cao Weiqing said to Li Guangyu on the side: "This time several parties are coming fiercely. From the mainland, Huarun Group, Hualien, Guomei, Shulin, Yonghui, which has a stake in HSBC, and now Wal-Mart and Lotte are expanding rapidly, plus
Go to Ito-Yokado, Carrefour, our Hengyu, Huanan Electric, Watsons in Xiangjiang, Hsinchu Supermarket in Baodao, and now it is a complete chaos.
And our Hengyu Supermarket is obviously their primary target. This time several parties suddenly announced expansion. I guess they are coming towards us and preparing to encircle and suppress some of our markets."
Fortunately, the mainland market is huge enough, otherwise so many retail companies would have starved to death there.
Currently, Hengyu Supermarket is the only one in the Mainland, occupying the highest share of the retail market. Even the two major retail groups in the Mainland, Hualien and Huarun, are far behind Hengyu Supermarket Group.
As of the end of June, Hengyu Supermarket Group has more than 3,200 stores worldwide and more than 560 stores in mainland China. Most cities above the prefecture level have Hengyu Supermarket outlets.
In the three provinces of South China, East China, Central China, North China, and Southwest China plus Shuangqing City, many county-level supermarkets in these areas also have Hengyu supermarkets, and Hengyu Supermarket Group is also accelerating its layout and striving to have a Hengyu supermarket at the county level in these areas.
The Huanan Electrical Appliances Chain Store is even crazier than Hengyu Supermarket. In addition to the county level, there are Huanan Electrical Appliances Chain Stores in many towns and villages. It has more than 1,600 stores in mainland China, but most of them are first-class community stores.
Hengyu Supermarket is different here in mainland China. The smallest one is a county-level third-level store. In some provincial capital cities, Hengyu Supermarket Group is building its own shopping malls.
As for the townships, Hengyu Supermarket Group is not in a hurry. After all, they do not have electrical appliances, and the time is not yet ripe for large-scale deployment in townships.
Although they have fewer stores than Huanan Electrical Appliance Chain Group, in terms of turnover and profits, Huanan Electrical Appliance Chain Group is far from a rival to Hengyu Supermarket Group.
Last year, Hengyu Supermarket Group ranked first in the global retail turnover rankings, with a turnover of US$315.8 billion.
Ranked second is Ito-Yokado, with a turnover of US$234.6 billion.
The third place is Carrefour-Metro Supermarket Group, relying on the Western European market and expansion in Eastern Europe, its turnover has also reached 215 billion US dollars.
Ranked fourth is Wal-Mart. Due to joint attacks by the Lee Group and Ito-Yokado in Canada and Asia, its market mainly relies on the United States, with a turnover of US$189.5 billion last year.
The fifth place is Huanan Electrical Appliance Chain Group, with more than 5,300 stores around the world, its turnover reached 168.3 billion US dollars last year.
Behind them is the American Sears-Kmart Group. The two largest retail hegemons in the United States are now merged together, ranking sixth with US$146.9 billion.
The seventh place is 7-Eleven Group. After so many years of development, its group-operated stores have exceeded 28,000, and its turnover last year was US$96.4 billion.
The eighth place is Watsons, which looks at the strong financial resources of the Heung Kong Consortium and the technical support provided by the Heung Kong Medical University. Its stores are located in Greater China, Japan and South Korea, Southeast Asia, the Commonwealth, Western Europe, Eastern Europe and other countries and regions.
Mainly engaged in infant products and cosmetics, its turnover reached US$84.6 billion last year.
The ninth place is Lotte Group. Lotte in this life is even stronger than in the previous life. Many Korean consortiums jointly invested in Lotte, allowing Lotte to go out of South Korea early and seize the market in mainland China, Southeast Asia, West Africa and other places. Last year, its turnover also reached 68 billion.
US dollars.
The tenth place is the Hsinchu Supermarket Group. Its main markets are Baodao, mainland China and the Commonwealth. In recent years, it has followed the Lee Group to encircle and suppress American retail groups, allowing them to expand very rapidly. Last year, their turnover reached 58.3 billion US dollars.
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As for member supermarkets such as Costco and Sherland Supermarket, their current turnover is still a little low, and their expansion is not rapid. If they want to break into the top ten, it will probably take several years.
Moreover, those retail groups in the mainland are not vegetarians. With the rapid development of the mainland's economy, it is not impossible for one or two companies to enter the top ten in the world if mergers and acquisitions are carried out.
Nowadays, major retail groups will retreat if they don't advance. The market is so big. Once a market is lost, the turnover will inevitably be affected. If the loss of the market is too large, the turnover will not only increase, but will probably decline significantly. This is
This is something no one wants to see.
Li Guangyu was well prepared for the competition in the mainland market. He knew very well that it would not be like Xiangjiang, Baodao and other places where the Li Group could not monopolize.