The tree wants to be quiet but the wind is not stopping. Li Jianhui wants to slowly invest the profits from London gold into his own industry, enhance his own strength and expand his market.
But he had the strength and was unwilling to accumulate strength silently. On February 28, Hang Lung Group reached an agreement with Ito-Yokado, and the two parties jointly built the Ito-Yokado department store in Hong Kong.
Just a department store is not enough to attract Li Jianhui, but behind this company is the Mitsui Consortium, Japan's largest conglomerate.
Li Jianhui was a little confused when he heard this news. What he knew before was that Henglong and Mitsubishi had a good relationship, but Mitsui and Mitsubishi were not very harmonious.
This time, he suddenly cooperated with the industries under the Mitsui Consortium and strengthened his layout in the Hong Kong retail market. Li Jianhui wondered whether he had been too high-profile in the Southeast Asian market some time ago. Several major Japanese consortiums, which have always regarded the Asian market as their basic base, were preparing to
Attacked him.
Fortunately, the current cooperation with the Fuji Foundation is pretty good. I learned from there that the current focus of several major Japanese consortiums is still on the US market and they are competing with several major American consortiums. They have no intention of shifting their focus for the time being.
The Yasuda family is not sure about Mitsui's specific intentions for this cooperation between Ito-Yokado and Hang Lung, but they do not rule out the intention of undermining the Xinjian relationship.
Even the Yasuda family said that the Xinjian family has been too high-profile in the past month. Fortunately, it has mainly entered the real estate industry and department store retail industry, and it has not affected the core interests of Japan's major consortiums. At present, Japan's six major consortiums are still jointly
Enter the US market.
In particular, industries such as automobiles, electronic semiconductors, and home appliances are the focus of this confrontation between several major Japanese consortiums and American consortiums.
After understanding some of the trends of Japan's major consortiums, Li Jianhui felt more at ease. As long as they were not jointly suppressed by several major financial groups, he would have the confidence to deal with it.
Although Xinjian Department's current capital is pretty good, it depends on who it is compared with. Compared with these top consortiums, Xinjian Department is still far behind.
Especially in the technical industry, compared with Li Jianhui, one is in the sky and the other is on the ground. Excluding real estate and retail, Xinjian is currently only a Huihong Group.
Although Huangpu Shipping Group has a shipyard, it can only repair ships so far, and its shipbuilding technology is already quite backward.
Although a large amount of money was invested this time, it is impossible to become a first-class shipyard without years of technology accumulation.
Beware of the dangerous situation. Although Mitsui Mitsubishi and other Japanese consortiums are temporarily focusing on the United States, there is no guarantee that they will specifically target the Xin Jian Department. To this end, Li Jianhui convened a high-level meeting.
Let the senior officials of the Xinjian Department not only focus on the Xiangjiang British-owned consortium, the Chinese-owned family and the Nanyang consortium, but also put some of their energy on the Japanese and American consortiums.
Other local markets can be ignored for the time being, but the markets in Xiangjiang, Baodao, and Nanyang must be defended. In particular, Tesco Group must quickly expand its market layout in these places to cope with the possible expansion of several major Japanese retail companies.
At present, Japan's focus is not on retail. Compared with the continuous expansion of retail companies such as Wal-Mart and Carrefour, Japan's major retail companies are still developing locally and have no intention of stepping out.
As a result, markets such as Taiwan and Southeast Asia do not have world-class retail companies dominating the market, giving Tesco Group time and space to expand into these markets.
Weili said: "Li Sheng, at present we cannot judge whether the cooperation between Ito-Yokado and Hang Lung is just a whim, or whether there is a complete plan for the Asian retail market.
I personally feel that the current focus is on the next actions of Xiangjiang Ito-Yokado, and try to prevent it from gaining a foothold in the Xiangjiang retail market.
In addition, Tesco's current external expansion is to fully invest in those markets, which also makes us the enemy of all local department stores.
I suggest that we can learn from Ito-Yokado in some areas. For example, we at Lane Crawford can enter into joint ventures with some local companies. While attracting partners, we can also reduce our opponents and accelerate our expansion in the local market.
expansion."
The senior executives present all looked at Li Jianhui. In their hearts, Li Jianhui was good at everything, but he was relatively independent in business. Whatever he could do, he was absolutely unwilling to enter into a joint venture with others.
This also allows them to try their best to let the company develop independently when making plans, instead of considering cooperation with local companies. Only when there are indeed local restrictions, they will choose to find partners.
After Li Jianhui pondered for a moment, he said: "I agree with you. Lane Crawford, IKEA, and even Watsons and Tesco can jointly jointly develop locally to speed up our development in various places. IKEA and Tesco can even open franchise stores."
Weili was very happy to receive this response. With Li Jianhui's approval, his Tesco Group will expand rapidly.
Seeing that Li Jianhui had opened his mouth in the e-commerce group, other senior executives also expressed their hope to enter into joint ventures with local companies in some markets in many industries to expand the company's presence in the local market.
After everyone's words fell, Li Jianhui said with a smile: "I know that some of my previous practices have left you with the impression that I am unwilling to join a joint venture with others, so that you are a little timid when opening up the market.
The reason for that is mainly because we are not strong enough, and I often mobilize funds from various companies, plus our previous market was mainly in Hong Kong.
Now that we want to go global, we must change this thinking. Industries in many countries and regions will not be wholly owned by foreign capital. Our search for partners will help us develop the market.
I also allow everyone to evaluate the situation when expanding externally in the future and proceed from the company's interests. If joint ventures with local companies are beneficial to the company's development, then boldly conduct joint ventures.
But I hope everyone can firmly take the initiative, and the market dominance must be in our hands."
After the meeting, Li Jianhui specifically called Wu Jiankun to his office and asked the political and economic office to focus on the competition between the Japanese consortium and the American consortium, especially the experience of the Japanese consortium being able to compete with the American consortium in the face of suppression by the US government.
Li Jianhui knew that after the Japanese consortium and the American consortium decided the winner, as long as the Xinjian Department continued to develop high-tech industries, he would never let go of the Xinjian Department.
Unless the Xin Jian Department is willing to be their puppet, they will have to compete with each other. Li Jianhui must prepare in advance to avoid being caught off guard.
"Li Sheng, this year we will increase the construction of the North American Business Office and the Japan and South Korea Political and Economic Office, and strive to initially build an intelligence network in the two regions in three to five years."
"I specially give you an additional US$100 million in activity funds to complete the construction of this aspect as soon as possible. At least we need to be aware of the major trends of the American and Japanese consortiums."