Compared with the DuPont consortium, although the California consortium is low-key, it moves very quickly.
On the morning of the 25th, Sun Hung Kai Financial Group held a press conference. Merrill Lynch and Sun Hung Kai Financial Group reached a share exchange agreement. After this time, Merrill Lynch became the second largest shareholder of Sun Hung Kai Financial with 23% of the shares.
At the same time, Huaxin Investment Company announced an investment of HK$500 million to establish Huaxin Electronics Company in Tsuen Wan, whose main products were OEMs for IBM.
Huaxin Investment reached a cooperation with American Southern Company to establish the Xiangjiang 7-11 convenience store company, which also allowed 7-11 to officially enter the Xiangjiang market.
Although Mitsui and Mitsubishi have not made much action in Hong Kong, news that is unfavorable to the Xinjian Group has come out. Toyota has reached a cooperation with the Takarashima Yulon Group, and the two parties have jointly established Yulon Toyota Motor Company. Mitsubishi has also reached a cooperation with the Malay Multi-Heavy Industries Corporation.
Ito-Yokado and Seibu Department Store have also announced their entry into the Takarashima market, and their goals are obviously aimed at the Tesco Group.
The most unfavorable thing for Li Jianhui is the movie. It has only been released for 23 days. There is obviously a big market, but Dongbao Cinemas chose to release Speed.
As a result, the box office revenue of "Speed" in Japan only reached 235 million Hong Kong dollars, which is only more than 40 million in US dollars, which is still far from what everyone expected.
Star Wars 2, which ranked first at the box office in the United States this year, had a box office of more than 200 million U.S. dollars, which in Hong Kong dollars would be more than 1.2 billion Hong Kong dollars.
At present, including Japan's rationing income, the total box office of "Speed" has only exceeded 300 million Hong Kong dollars. Moreover, the potential of the Asian market has almost reached its end, and box office growth can only depend on other major markets.
However, even if it is released in North America, Western Europe and even South America, I am afraid it will be difficult to reach this level.
Due to the involvement of these consortiums, it is still unknown whether it can be released, especially in the US market. It is very easy for these consortiums to get stuck in this regard.
This may be the price of not being willing to kneel. If Li Jianhui was willing to become a vassal of the American consortium or immigrate to England, he would not face pressure from many parties.
But Li Jianhui doesn't care, not to mention making less money, even if the next movie "Heroes Are True" cannot be released in the Japanese and American markets, he can still bear the price.
In the evening of that day, Li Jianhui held a special meeting of the Donghua Association at the Xinhui Hotel.
Although they are just here to establish a relationship with him for the time being, as members of the Donghua Consortium, these people may also suffer unreasonable disasters.
Fortunately, these major industries are real estate and finance. They are not very targeted in this area. Now they are mainly stuck in the film market.
Currently, the film companies in the Tung Wah Consortium include Jiayi, New Art City, and Xinhui, as well as the newly established East Asia Pictures, Haojiang Pictures, and Yongheng Pictures (because Wireless owns China Star Records, so the above article
(changed a bit), and Yongsheng and Sanhe who cooperate with them may also be affected.
If they cannot enter the U.S. and Japanese markets, these film companies will inevitably be left behind by Golden Harvest, Shaw Brothers, Asia Pictures, Far East Pictures, and Asia Pictures.
"Here I first want to say sorry to everyone, because my industry has expanded too fast and entered important industries such as semiconductors, automobiles, home appliances, shipbuilding, steel, etc., which has attracted the attention of Japanese and American consortiums.
You may also be implicated in this.
But I want to emphasize one point: the reason why the Japanese consortium and the American consortium target the Xin Jian Clan or even the Dong Hua Society is not the Hua Xin Society, the New Asia Society, and the Xiang Hua Society.
Mainly because of problems with the industrial structure, these consortiums only want us to develop industries without high technical content such as real estate, hotels, shipping, and finance.
These industries have no patented technologies and cannot suppress or restrict anyone. They have no pricing power, let alone the right to speak.
The R&D and manufacturing industries are different, such as chips, special steel chemical formulas, cutting-edge engine technology, and display screen technology. These pricing powers are currently in the hands of Japan and the United States.
Most of the cost of manufacturing an arcade machine is in the chip, and it is easy to get stuck. Even if the other party increases the price, we can only passively accept it.
Next, while developing real estate, finance, retail and other industries, Xinjian will also increase investment in semiconductors, shipbuilding, automobiles, home appliances, computer hardware and software, communications and other industries.
These industries are bound to compete with the Japanese and American consortiums in the future, and I have no intention of making the Xinjian Department a vassal of the Japanese and American consortiums. Therefore, in order to compete for the market in the future, the relationship between the Xinjian Department and the Japanese and American consortiums may become increasingly tense.
If you are worried that your development will be affected by the Xin Jian Department, you can choose to withdraw from the Donghua Association.
You don’t have to worry about what will happen after you withdraw, I can understand everyone’s choice, and our cooperation will not be affected.”
These people have also heard about consortiums such as Japan and the United States, and know that they are giants, and that the United States and Japan are currently the two largest markets in the world. Facing these two consortiums will definitely be a huge blow to the Xinjian Department.
of blow.
As the helmsman of the second largest Chinese family in Hong Kong after the Li Jianhui family, which has surpassed the charter boat king, Li Guobao made it clear that he stands by Li Jianhui's side.
"Everyone, I know that the Japanese and American conglomerates are huge, but so what. If we, the Donghua Association, want to have a place in the world, we must enter these industries. We, the East Asia Li family, are willing to face the Japanese and American consortiums together with the Xin Jian Department.
And from this point of view, if we only develop finance and real estate, these large consortiums will not take us seriously at all. Our East Asia Holdings also plans to enter the physical manufacturing industry. I want to see if there is a place for our Donghua Association in this world.
.”
Lei Juekun, Feng Jingyao, Chen Zhiyong, Pan Zhiyong, Ye Han, Gu Zhenfu, Xie Funian, etc. expressed their positions one after another, and no one proposed to withdraw from the meeting.
Moreover, this time it also aroused everyone's inner anger. After a long period of turmoil, they thought they were a powerful party, and these top consortiums did not take them seriously at all.
Although their strength is not as strong as that of the Xinjian Clan, they do not need to develop as extensively as the Xinjian Clan. They only develop a physical industry. They want to see if they can create a threat to these consortiums.
When Li Jianhui wanted to enter the computer industry, they entered accessories, graphics cards, sound cards, storage, etc., and followed suit in software. Xin Jianhui entered the operating system, office software, and they entered databases, enterprise software development, etc.
Didn't the other party establish a computer OEM production base with Huaxinhui this time? They directly established a computer brand of their own, and produced the main hardware and software in-house.
These people had ideas, and Li Jianhui also spent a lot of money, not only providing financial support, but also helping them formulate many ideas and companies to benchmark against.
No matter what the result is, you have to give it a try, and currently the United States is leading the way in this regard. They are not without opportunities. At the very least, they can occupy a certain market in Greater China.