Chapter 1214: Costco Rises
In the subsequent negotiations, Li Guangyu and Chen Weihua reached a number of preliminary cooperation agreements, the focus of which was to speed up the opening of the flight from Ludao to Taoyuan, and the shipping route from Ludao to Taichung.
In addition, Heung Kong Air Transport Group and the Ludao government reached a preliminary agreement to communicate on the acquisition of a stake in Ludao Airlines.
At the same time, China Electric Appliance Group has also reached a preliminary agreement with Ludao to establish a Thomson home appliance production base in Ludao to produce Thomson brand air conditioners, washing machines, refrigerators and televisions.
China Shipping Group has also reached a preliminary investment agreement with the Ludao government to build the group's cargo warehousing center at Ludao Port.
In addition, Tianyu Financial Group has also increased the loan limit in Ludao, increasing the loan amount of 500 million US dollars for Ludao enterprises this year to promote the development of Ludao enterprises.
Chen Weihua is very happy about these preliminary agreements reached this time, as long as these agreements can be implemented, they will play a huge role in promoting the economic development of Ludao.
In particular, this time, the Thomson home appliance production base of China Electric Appliance Group settled in Ludao, which can drive the employment of 10,000 people on Ludao.
Moreover, after the official opening of Ludao and Baodao, it is bound to drive the development of Ludao's transportation industry and service industry.
After the meeting with the senior management of the Li consortium, Chen Weihua specially presided over a small meeting.
He said at the meeting: "The results achieved this morning are very gratifying, but we are not complacent now, as long as these projects have not been landed for a day, and have not been put into production for a day, we can not relax, our relevant person in charge must perform their duties conscientiously, strengthen communication with relevant enterprises, and promote these enterprises to invest and build as soon as possible." ”
Long Anmin, deputy governor of Ludao Municipal Government, said: "Chief Chen, please rest assured that our municipal government will definitely strengthen the docking of projects, so that these projects can be put into operation as soon as possible, and drive the economic development of Ludao." ”
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Li Guangyu didn't know about the meeting on Ludao, and after he said goodbye to Chen Weihua, he went to Xuelan Supermarket Group.
At present, the headquarters of Xuelan Supermarket Group is also in Xingguang Building, and the Hengyu Building currently under construction in Sham Shui Po will not be completed until the end of 90, and Hengyu Supermarket Group, 7-11 Group, and Xuelan Group will work in Hengyu Building at that time.
In the conference room of the Xuelan Group, Li Guangyu, Li Xuelan, and the senior management of the Xuelan Supermarket Group are all here.
In the past year, especially in the second half of the year, Shenanda Supermarket has not only accelerated its layout in Canada, but also increased its layout in the American market, and in the past few days, it has successively opened New York stores, Los Angeles stores, Atlanta stores, Boston stores, Washington stores, San Jose stores, San Francisco stores, Houston stores and Dallas stores.
At present, the effect is very good, and the members of Xuelan Supermarket in the United States have exceeded 100,000, and the membership fee in the United States is similar to that in Canada, which is 50 US dollars.
Wal-Mart is naturally not far behind, and has also increased the layout of its own Sam's Club, while relying on its own Wal-Mart supermarket to suppress the development of Selangor Supermarket.
Costco, another not-so-well-known company in the United States, has also sprung up and begun to deploy in the American market on a large scale, especially in Washington State, where it is located, and important cities in many western states in the United States.
Liu Weifang, President of Shenanda Group, said: "Mr. Li and Miss Li, Wal-Mart's side has strong financial resources because of the support of the Chicago Consortium and the Cleveland Consortium, and it is also the target of our attention, and their reaction is not surprising to us, but the sudden rise of Costco has broken some of our plans, especially our deployment plans in the western states." ”
Li Guangyu knows very well that Costco suddenly has so much money to support its expansion, and it must be a consortium behind it, otherwise how could Costco come up with such a huge expansion plan with its little strength.
Li Guangyu's market in the United States is mainly concentrated in the western region, with the eastern region accounting for less than one-fifth of the western region's share, and even less in the central region.
The second round of Xuelan supermarket's expansion in the United States this time is the western region, and at present, Costco's shot, Xuelan supermarket must speed up itself, otherwise there will not be many opportunities at that time, and Wal-Mart's suppression cannot be taken seriously.
Li Guangyu asked: "Have you investigated the Costco situation this time, and which force made the move?"
"Mr. Li, our person in charge in the United States has understood the general situation, this time the main shot is the California consortium, as the leader in the west, this time it seems that the California consortium is going to enter the retail industry, and Costco is one of their cards, not only against us, but also against the eastern consortium Wal-Mart. ”
Li Guangyu is not too surprised by this answer, Costco is headquartered in Washington State, and California is bordered by the Pacific Ocean, only one state in between, and it is very normal for the California consortium, as the top consortium in the West, to take a stake in Washington state's enterprises.
If you know the top ten consortia in the United States, you will know that the vast majority of consortia are in the east, Morgan, Rockefeller, First Citigroup, Boston, Cleveland, Mellon, and DuPont all belong to the east, the Chicago consortium belongs to the Midwest, and the Texas consortium belongs to the Southwest.
Divided into eastern, central and western regions, the eastern part occupies seven, and the western part has only two, and the gap between the east and the west is not ordinarily large.
In recent years, the California consortium has dared to unite with the Texas consortium to compete with the eastern consortium, which cannot but say that the California consortium is really courageous.
Li Guangyu said: "The other party does not want us to occupy a foothold in the US market, we just can't let them get their wish, this time I will inject three billion US dollars into your group for the expansion of your group in the US market, they are fast, you should be faster, and at the same time contact Xinghong Sports Group, let them endorse our Xuelan supermarket." ”
Li Guangyu now has a lot of cash in his hand, he had 7 billion in his hand at the beginning, and later injected 5 billion into other groups, and he still has 2 billion US dollars in his hand, this time the major groups in addition to reserving development funds, handed over 16 billion US dollars to him, especially Xingguang Real Estate Group and Xingyue Real Estate Group, after they began to sell their properties, the capital flow is very huge.
Now he has enough funds to support the development of some industries, and this year, the two major real estate groups will continue to transfer funds to him, and now he is not worried about the problem of development funds.
Liu Weifang is very happy about this, you must know that when Hengyu Supermarket Group separated, Hengyu Supermarket Group Finance allocated them 2 billion US dollars in development funds, and this time Li Guangyu injected another 3 billion US dollars into the group, and they are really not afraid of competition from Sam's Club and Costco.
If it weren't for the Li consortium to maintain the habit of all stores being autonomous, she would have been able to expand more rapidly, which was too expensive in terms of land stores in the early stage.
However, this also has advantages, such as Hengyu Supermarket Group, which far exceeds Kmart in terms of profitability in terms of profitability when its turnover is similar to that of Kmart.
As long as they continue like this, the follow-up operating costs will be much lower than other retail groups, and they will be able to lower in terms of prices, and the price war in the retail industry has always been a trump card.
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