Sun Yunxuan and others returned to Taipei, but Li Jianhui and others were not in a hurry to leave. In the hotel conference room, Li Jianhui and others, including Gu Zhenfu and Lin Tingsheng, had a discussion, especially about the development of Xinke Group.
According to Li Jianhui's plan, this company learned from TSMC in its previous life, mainly engaged in chip production OEM, and continuously developed chip production processes.
However, as shareholders, Gu Zhenfu and Lin Tingsheng are obviously not willing to let this group just become a foundry. They hope that Xinke Group can become a comprehensive group integrating design, R&D and production like Huaxin Technology.
Gu Zhenfu and Lin Tingsheng also established Hexin Technology and Datong Technology in Hsinchu Science and Technology Park. One is mainly engaged in the communications industry, and the other is in the electronic components industry for home appliances.
If Xinke Group becomes a comprehensive group, then in many cases they will not need the cooperation from Xiangjiang in terms of chips, and it can be completed in Hsinchu Science and Technology Park.
Li Jianhui did not reject the proposals of these two people, but he reminded Xinke Group that its research and development expenses were not large. If it went ahead with multiple projects, the final result would be mediocre in all aspects, and it would not be able to become a world-class enterprise at all.
Xinke Group is not Huaxin Group. Currently, there are no profitable projects at all, and there is no huge financial support. If it goes like this, I'm afraid the final result will not be very good.
Li Jianhui was too lazy to refute the reputation of these two people at this time. After Xinke Group was officially put into operation, Zhang Zhongmo would naturally raise this issue. At that time, for the development of the company, these two people would naturally no longer have such issues.
idea.
“Everyone knows that our Tung Wah Association’s strategy is based on the Greater China market and supplemented by the Southeast Asian market. We must become the leader in these two markets.
But at present, Japan, the United States and some consortiums in Hong Kong obviously do not want us to get what we want. The Hong Kong market does not have much of a problem at the moment, but in the Baodao market and the markets of many countries in Southeast Asia, these consortiums are continuing to put pressure on us.
Our strength in the Southeast Asian market is still lacking, but here in Baodao, I hope that next year we can have a decisive battle with our opponents in retail, finance, home appliances, clothing, automobiles and other industries, especially in retail department stores.
Try to squeeze European, American, Japanese and Korean retail companies out of the Baodao market."
Li Jianhui's confidence in home appliances and automobiles comes not only from Jingyi Electrical Appliances and Jade Lion Group, but also from Lip Holdings, Lanfeng Holdings, and Lanxi Holdings this year.
Blue Maple Holdings found the right opportunity and directly acquired the 85% stake in Jaguar from the government with the Grosvenor family for US$1.2 billion.
Lipu Holdings has not been idle either. In addition to acquiring Canada's Husky Energy Company for US$200 million, it also acquired Land Rover from Luofu Automobile Group for US$800 million.
Due to the current lack of large-scale privatization policy in France, Lanxi Holdings has not acquired the automobile industry. However, in addition to banks, Lanxi Holdings has also become the largest shareholder of Schneider Electric, a well-known French home appliance company, and is also the largest shareholder of French Schneider Electric.
The sixth largest shareholder.
Schneider Electric Appliances is a well-known home appliance brand in Western Europe, and its high-end products can rival several major Japanese appliances.
Car brands have given Li Jianhui more confidence. The current Jaguar is not the Jaguar that was acquired by Asan in later generations. As a car used by the British royal family, the current Jaguar has a high reputation and currently ranks first in the American luxury car market.
If the Grosvenor family had not joined this time, and Thatcher also wanted to carry out drastic reforms and large-scale privatization, it would be difficult for Blue Maple Investment to win Jaguar.
Compared with Jaguar, Land Rover was a bit unsatisfactory, but its technical strength was still there. With Li Jianhui's instructions, Zhou Pengfei simply asked Lip Holdings to acquire it.
It is precisely because of these companies that Li Jianhui has enough confidence. Regardless of the Japanese and American consortium, as long as he is given time and with his foresight of future development, he is sure to develop each holding group into a A consortium.
Everyone present supported Li Jianhui's decision. They knew very well the benefits to everyone once Tesco Group takes a dominant position in Baodao's retail department store market.
Among the members of the Tung Wah Association, there is a company among you, and you among me. Everyone's interests are tied together. Only when all companies develop well can they obtain greater benefits.
Gu Zhenfu said: "Jianhui, one year is too little. I'm afraid it won't be easy to squeeze out Wal-Mart, Carrefour, Ito-Yokado, etc. in a short period of time. If the price war breaks through the bottom line, it's just a matter of time." I'm afraid Li Guoding and Dean Sun won't allow it."
Li Jianhui's title of price butcher has gained considerable popularity in the business community in the past two years. The most advantageous weapon for the expansion of the new department is price war.
Many people in the real estate industry in Xiangjiang regard Li Jianhui as a rule-breaker. His large-scale low-price sales of residential properties such as Tianshui City, Huihong City, and Huangpu Garden have suppressed the increase in housing prices in Xiangjiang.
Jingyi Electrical Appliances is another example. After Jingyi Electrical Appliances went on the market, the price of products of the same quality was cut down by hundreds of Hong Kong dollars.
Gu Zhenfu is really afraid that Li Jianhui will do the same thing as Xiangjiang here, selling at low prices or even at a loss for several months to attack his competitors.
This would never be allowed in Baodao, and the higher-ups would not be willing to see the Tesco Group monopolizing the retail department store market.
In particular, Uni-President Group has also entered the retail market, and it has considerable influence in Tainan's political circles.
Gu Zhenfu still hopes that Li Jianhui will not be too eager and slowly squeeze the market of other companies by boiling frogs in warm water, so that they will not be targeted by the above.
"Don't worry, I'm not planning a long-term price war this time. I'll just give you some information for the time being. I'll briefly explain the specific plan at the Donghua Association's annual meeting in January."
Seeing this, they no longer asked any more questions. The retail department store market mainly depends on Li Jianhui. Previously, Guo Zhiquan also owned retail companies, which were later merged into the Tesco Group.
Their current main businesses are still in finance and real estate, and everything else is just ancillary, even for current technology companies.
Compared with technology companies that invest in research and development without knowing the results, finance and real estate are the industries with relatively low risks and extremely high profits.
Don't say that these technology companies still don't see prospects now. Even if these companies can bring them profits that far exceed finance and real estate in the future, they will not give up these two major industries.
Today, in addition to the market dominance issues raised by Li Jianhui, Ku Zhenfu also raised some issues regarding Taipei finance, especially the Taipei Exchange.
At present, the Far East Exchange has reached a strategic cooperation agreement with the Taipei Exchange. The two major exchanges can conduct secondary listings on each other's exchanges, which has huge benefits for financial companies such as Tung Hwa Hui.
The only problem at the moment is that there are many people in Baodao who want to go to the Far East Exchange for secondary listing, but no Far East Exchange company is willing to list on the Baodao Exchange. If this continues for a long time, it will probably affect the cooperation between the two parties.
More than ten years ago, Ku Chen-fu served as the chairman of the Taipei Securities Exchange. Even now, he still has great influence there. He has contributed a lot to promoting cooperation between the two exchanges.
This time he mentioned this aspect, it was obviously the senior management of the Taipei Exchange who came to him. If this matter is not dealt with, it may really affect subsequent cooperation.