Chapter 908: Adapting measures to local conditions
The next morning, Li Guangyu had just finished breakfast when Li Xuelan reported to him that the second son of the Walton family, Jim Walton, vice president of Walmart, had arrived in Toronto yesterday and had a meeting with the president of Canada's largest retail group, Robert Roos.
meet.
At the same time, Motorola President Paul Galvin arrived in Ottawa in person and held discussions with the head of the Canadian Communications Authority and the chairman of its joint venture, Canada Mobile Communications.
Canada's population is only about 30 million. Regardless of its large land area, its market potential is not as good as that of many Asian countries and regions.
If it weren't for Canada's special location, Li Guangyu really wouldn't attach so much importance to it. However, judging from the reaction of the United States, the other party is very concerned about the market here. He had just arrived in Vancouver when the other party came here, and it was obvious that he had set his sights on it.
own.
Li Guangyu said: "Xuelan, don't worry about whether Wal-Mart wants to join forces with Robert Roos to stop us. At present, your supermarket group's turnover has exceeded 6 billion US dollars. The other party expects that this year's turnover will be similar to ours, but all our stores
Our own profits are far beyond their comparison. We have enough financial resources to cope with the competition from Wal-Mart. At this year’s summary meeting, I will not withdraw funds from your group.”
Wal-Mart is a listed company and releases its operating and financial results every year. Last year, Wal-Mart's revenue exceeded US$4.5 billion, which is growing very fast. This year, even if it does not reach US$6 billion, it will not be far behind.
Hengyu Supermarket Group's ability to suppress Volvo's turnover is all due to Li Guangyu's continuous investment in it over the years. Over the years, Li Guangyu has injected a total of more than 15 billion Hong Kong dollars into Hengyu Supermarket Group. At the same time, Hengyu Supermarket Group has also been in the stock market.
There are many gains.
If not for this, Hengyu Supermarket Group's desire to suppress Wal-Mart so quickly is simply a fantasy.
You must know that in the past few years since the establishment of Hengyu Supermarket Group, Li Guangyu has not withdrawn a penny from this group, and has continued to invest all of it.
Now Hengyu Supermarket Group has quite a lot of money on its books. The more supermarkets it opens, the more they charge for payment. Hengyu Supermarket Group and its suppliers pay every quarter. Now they don’t need Li Guangyu to expand.
Make further capital injection.
Li Xuelan said: "Li Sheng, I intend to arrange for the vice president of the group Li Yibo to be responsible for the development of the Canadian market. With Vancouver, Montreal, Ottawa and Toronto as the centers, our Hengyu Supermarket Group will cover various cities and towns in Canada. At the same time, we will have 7
-11 is also entering Canada and joining forces with Hengyu Supermarket to seize the Canadian retail market."
Li Guangyu recognized this arrangement very much. Li Yibo had done quite well in the Philippines, allowing Hengyu Supermarket Group to occupy a dominant position in the Philippine retail supermarket market.
Although the situation in Canada this time is far more complicated than that in the Philippines, it not only has to face local supermarket giants, but also has to deal with competition from Wal-Mart, and at the same time, it has to be prepared for Carrefour's possible actions.
Although the pressure here is relatively high, Li Guangyu believes that Li Yibo's ability can allow Hengyu Supermarket Group to gain a firm foothold in the Canadian market.
Li Guangyu ordered: "You asked Li Yibo that the Canadian market is different from the Hong Kong and Southeast Asian markets. After entering, we must carefully research the shopping habits of Canadian citizens, and rationally plan the layout of our supermarkets and the products on the shelves based on the actual situation here. At the same time, when Chinese people gather
Districts, we should also adapt to local conditions and put on the shelves their favorite products."
Li Xuelan is naturally aware of this matter. Even many places in Southeast Asia have made adjustments based on local conditions. Even if Li Guangyu doesn't give special instructions, she will make arrangements for this matter.
At present, Hengyu Supermarket Group mainly opens supermarkets. In the future, they will build a one-stop shopping mall, and the investment will be even greater. At present, they mainly occupy the market. The shopping mall is still a bit ahead of its time, and the group's financial resources
Not allowed either.
Although Hengyu Supermarket Group does not engage in real estate, the properties they control have surpassed countless real estate companies. Li Xuelan has never been satisfied that Hengyu Supermarket Group is just a retail supermarket group.
She hopes that when building shopping malls in the future, Hengyu Supermarket Group can get its hands into the real estate industry. In this way, with the support of the two pillars of retail supermarkets and real estate, she can make Hengyu Supermarket Group firmly under the Li Group.
The position of the first group.
Li Xuelan knew that the real estate industry had unlimited prospects, otherwise the Li family would not have Xingyue, Starlight, and Wheelock, the three groups mainly engaged in the real estate industry, and each of them was very powerful.
Although each group has now divided its labor and focused on developing its own main business, Wheelock has also established its first commercial center in Tin Shui Wai - Wheelock Plaza, where many of their industries will be located.
However, the future one-stop shopping mall of Hengyu Supermarket Group will be operated by Hengyu Supermarket Group alone. She has reason to let Hengyu Supermarket Group undertake this project by itself. She believes that Li Guangyu will not object when the time comes.
At worst, we will get several other major groups to jointly develop in that area, and everyone will be able to benefit. We will develop businesses ourselves, and they will develop residential properties, so we can get the best of both worlds.
Li Guangyu didn't know what Li Xuelan was thinking. His plan for Hengyu Supermarket Group had never been in the real estate sector. In the future, Hengyu Supermarket Group would combine online and offline operations and become the world's largest retail group.
When Li Guangyu was discussing the affairs of Hengyu Supermarket Group with Li Xuelan, many news items appeared in newspapers in the United States today, the focus of which was on Canada.
First, the official spokesperson of Wal-Mart Group announced that in the new year, Wal-Mart will build 30 new large supermarkets in Canada, bringing the number of Wal-Mart large supermarkets in Canada to 50.
At the same time, Motorola officially announced that Motorola has reached a cooperation with the City Bank of Chicago and received a capital injection of one billion US dollars from the City Bank of Chicago. Motorola will increase its investment in Canadian mobile communications companies and accelerate the deployment of signal base stations in Canada.
The Ford Group has also announced that in order to better layout the North American market, Ford will consider establishing a production base in Canada, and Vancouver will be their key area of consideration.
When Li Guangyu arrived in Vancouver, companies and groups in the United States that competed with the Li Group announced their entry into the Canadian market, and they all made official announcements on the same day. This made people feel that several companies had secret negotiations, and even
There is a tendency to join forces in order to attack the Li Group in the Canadian market.
Ordinary American citizens did not know that the day before yesterday, the top figures in the United States held a special meeting in New York, the core of which was the Lee Group.
The collective entry of these groups into the Canadian market this time was also decided at this meeting. The American consortium must resolutely suppress the power of the Lee Consortium out of the American market and cannot allow the Lee Consortium to continue to expand.
At present, the Li Group has occupied the Asian market and is developing the Western European and Australian markets. Once the Li Group is allowed to develop the American market, the Li Group will really become a climate change. They do not want to see such a thing happen.