Time passed, after the Spring Festival, Li Guangyu began to target the layout of the Jardine Group, and now the major stores of Hengyu Supermarket Xiangjiang have been renovated, just waiting for the shelves and goods to enter, you can officially open.

This time, 18 Hengyu supermarkets opened in Xiangjiang at the same time, and there were as many as 80 convenience stores, in order to completely suppress Wellcome supermarkets.

After the opening of the supermarket on the Baodao side, Li Xuelan returned to Xiangjiang to preside over the affairs of the supermarket group on the Xiangjiang side, and she will also be the specific implementer of the suppression of Wellcome Supermarket.

On February 2 (the ninth day of the first lunar month), Li Guangyu took Li Xuelan to Hutchison Whampoa, this time in addition to attending the board meeting after the beginning of the year, Li Guangyu also had to discuss with Li Ka-shing that Hengyu Supermarket Group and Watsons joined forces.

In order to better cooperate this time, Li Guangyu removed Zhao Yu as a director of Hutchison Whampoa, and let him concentrate on serving as the chairman of the board of directors and chief executive officer of Starlight Real Estate Group.

After the board meeting, Li Guangyu and Li Ka-shing and Li Xuelan went to Li Ka-shing's conference room to discuss the Wellcome supermarket.

As Watson's main opponent, now Lee's Hengyu Supermarket Group has also entered Xiangjiang strongly, and their market will inevitably be squeezed out.

And Li Guangyu is also the second largest shareholder of Hutchison Whampoa, and he will not let the two supermarkets fight among themselves. When the time comes, he can let Watsons follow Hengyu Supermarket to open up markets in other regions.

Li Guangyu said: "Uncle Li, thank you for your support, this time may be longer, and during this time, Watsons' profit may be very low, and there may be losses when necessary, which still needs your understanding, and I also hope you can explain it to other shareholders." ”

Li Guangyu is preparing to fight a price war with Jardine Matheson Group this time, and he wants to see how much money Jardine Matheson Group has invested. Li Guangyu himself is not worried that Xiangjiang will not be profitable, the supermarkets that opened on the treasure island are very profitable, and there are more than a dozen supermarkets in Japan, which are enough to support the price war between Huanyu Supermarket Group and Wellcome Supermarket.

Li Ka-shing said: "Guangyu, I will explain to you clearly in this regard, as long as you start a price war with Wellcome, we Watsons must keep up, otherwise Wellcome will not be squeezed out of the market, and our Watsons will be finished first." ”

Li Ka-shing knows that once these two start a price war, any other supermarket in Xiangjiang that does not keep up will be dragged down. He himself imagined that with the financial resources of the Li consortium and Jardine Matheson, he was afraid that countless small supermarkets would suffer at that time.

Many small supermarket stores are rented, and they have to pay rent every month, and the battle between Hengyu Supermarket Group and Jardine Matheson is destined not to end in the short term, and they can afford not to make a profit for such a long time, but I am afraid that those small and medium-sized supermarkets will be completely squeezed out of the market.

However, Li Ka-shing will not care about this, he hopes that Hengyu Supermarket Group and Watsons will jointly occupy the retail industry in Hong Kong.

Anyway, he himself has no confidence to bring Watsons to the first place in Xiangjiang, so it is better to let Watsons follow the Hengyu Supermarket Group and develop in various regions, which will bring a steady stream of cash flow to the group at that time.

Li Guangyu said: "Our most important move in the retail market this time, as long as we squeeze out Wellcome supermarket, there will be no threat to our existence in the retail industry, and when we have the foundation of Xiangjiang, we can also expand boldly to various regions." ”

Hengyu Supermarket Group is not easy, it is uniting with Ito-Yokado to resist the entry of Carrefour on the treasure island, and now Xiangjiang is going to suppress Wellcome Supermarket.

Li Xuelan also felt very pressured, fortunately, Carrefour was only tentatively invested in Japan, and with Ito-Yokado in front, their pressure was relatively small, and Chen Linwen was there, which was enough to deal with Carrefour, and she only needed to concentrate on dealing with Wellcome Supermarket.

Li Ka-shing still admires Li Guangyu's spirit of daring to go out and develop, and at present, the major families in Xiangjiang are guarding the Xiangjiang market and are unwilling to expand their enterprises to other regions.

Li Ka-shing knows very well that if it weren't for Li Guangyu's suggestion, they would never dare to go to Japan to develop the real estate market now

Li Ka-shing said: "Guangyu, I don't know much about supermarkets, you also know that I have to manage two groups, and our main business is also in real estate, so Watsons also asks you to take care of it, after all, you are also the second largest shareholder of Cheung Kong and Hutchison Whampoa." ”

Li Guangyu has no opinion on this, it is impossible for Hengyu Supermarket Group to occupy the retail market in any region, and Hengyu Supermarket and Watsons have joined forces to better develop markets in other regions.

Li Guangyu said: "This aspect is handled by Xuelan, who is both the chairman of the board of directors of Hengyu Supermarket and the director of Hutchison Whampoa, and can coordinate the development of the two supermarkets very well." ”

Li Ka-shing also agreed with Li Guangyu's proposal, and the cooperation between the two groups could only be coordinated by Li Xuelan, so as not to let the two supermarkets fight internally.

Li Ka-shing said: "Ms. Li, although you are now the president of Hengyu Supermarket Group, you are also our director of Hutchison Whampoa, please take more care of the development of Watsons, and I will instruct Chairman Watsons to cooperate with your actions." ”

Li Xuelan replied: "Chairman Li, please rest assured that I will not harm the interests of Watsons in this, and I believe that Hengyu Supermarket Group and Watsons can achieve common development." After all, our strategic goal has never been Xiangjiang alone, and there are still many blank markets for us to explore, and the cooperation between Hengyu Supermarket Group and Watsons can enable us to develop better. ”

Li Ka-shing also believes that Li Guangyu will not deliberately harm the interests of Watsons, after all, he has a very good relationship with him, and he is also the second largest shareholder of the group. If he did such a thing, it would be a huge blow to his reputation if it was spread out, and at the same time, it was unlikely that there would be any top families willing to cooperate with them in the future.

Li Ka-shing said: "When you open, notify us in advance, and we can make some preparations. ”

Hutchison Whampoa does not have as much money as the Li consortium, and if he does not prepare in advance, there may be some problems in the operation of the group's funds.

Li Guangyu said: "Uncle Li, our opening time is preliminarily set in the middle of this month, and the specific time depends on our supply of goods, and we will notify you of the specific time at that time." When Watson's side will follow up, you depend on the situation. ”

After Li Guangyu opened, he would continue to carry out discount promotions and suppress Wellcome. When Watsons will follow up depends on Li Ka-shing's preparations, and Li Guangyu does not want to meddle in this.

Li Ka-shing said: "I will make arrangements in the next few days, and after you open, we at Watsons will immediately follow up and carry out promotions." ”

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