The sky in foreign countries is bluer.

Of course, this is also an advantage that people have accumulated after dozens or hundreds of years of development, and the air quality in big cities like London was also a mess.

Pollution first, then treatment, this is not unique to the Celestial Empire, but is almost a universal rule.

Only development is the last word!

Jiang Hui and his entourage stayed at the Hilton Hotel in Chuo Ward, Tokyo, next to Tokyo Bay, and the Presidential Suite was located on the 34th floor of the hotel.

"Mr. Jiang, tomorrow we will go to meet with the personnel of Goldman Sachs Island Country Branch, and then go. Negotiated with Daiwa Securities and Sumitomo Mitsui Banking Corporation. Judging from the current situation, it is not only the Korn Ferry Group that is interested in Sanyo, and we may need to take a quick approach to avoid complications. ”

In charge of the specific arrangements for Jiang Hui's trip to the island country is Nico President Takeshi Kimura, a native of Tochigi Prefecture who graduated from the University of Tokyo with a bachelor's degree in computer science and technology and later studied in the United States to obtain a doctorate in computer science from Stanford University.

Since Jiang Hui split the video business of Guanghui Group into three modules: Tudou, NICO, and POTATO, he has changed the registration location and management personnel of each company, basically taking the road of localization.

In the Celestial Empire's Tudou.com, all the managers are Celestial Empire people, while in the island country's NICO, although there are some group expatriates, the main body is local to the island country, and the same POTATO managers are basically Americans.

The Internet is an industry with very high requirements for timeliness and very sensitive to policies, and it is difficult for a foreigner to manage an Internet company well.

The major Internet companies in the Celestial Empire in the later generations were basically local enterprises of the Celestial Empire, and pure foreign capital could not survive at all.

Of course, the so-called local enterprises should also be put in quotation marks, because of the problem of early financing, basically the shareholders of well-known Internet companies in the Celestial Empire have a lot of foreign venture capital, so it is actually difficult to distinguish whether this is a foreign-funded enterprise or a local enterprise.

"Timber, in the eyes of the islanders, what kind of company is Sanyo?"

Jiang Hui looked at Dongjiang Bay in the distance and asked the wood next to him.

"How to say it, Sanyo used to be a family store brand with the same name as Panasonic and Sony, and basically all island people had Sanyo products in their homes to a greater or lesser extent. However, in recent years, Sanyo's development has come to a standstill, and its sense of presence has become lower and lower. Kimura pondered for a moment and began to speak.

"Looking back on the history of Sanyo for more than 60 years, Sanyo, which was once a pioneer force in the development of overseas markets in island countries, is now in the twilight. Sanyo's splendor was dazzling. The term '3S' was invented by the islanders to represent Sanyo, Sharp and Sony, which emerged from the recession, and their names all start with an S.

"In 2001, Sanyo's profit exceeded 50 billion yen, and it was the most profitable among home appliance companies in the island country. At that time, Sanyo's share price also far exceeded that of its peers in island countries such as Panasonic and Toshiba, and the scenery was unlimited. But like many Celestial Empire companies, Sanyo's crisis began at the pinnacle of success. ”

But after a brilliant 2001 period, from 2002 to 2004, Sanyo's profit never reached 2% of sales revenue. As one of the world's largest digital camera manufacturers, Sanyo once occupied 30% of the world's OEM market. But during this time, Sanyo Digital Camera's profit fell by 3%. At the same time, the wave of mobile phone price cuts has also caused its mobile phone business to fall into a downturn. By the end of 2004, the net income of Sanyo's consumer goods division had fallen by as much as 20 percent, from DVD players to washing machines. ”

In January 2005, Sanyo reported a record loss of $173.5 million for the fourth quarter of 2004. The main reasons for this loss are said to be the downturn in the digital camera market and the shutdown of chip factories. In July 2005, Sanyo announced the closure of its chip and LCD production plant in Celestial. In November 2005, Sanyo announced its financial results for the first half of 2005, with a net loss of US$1.3 billion, and the biggest reason for the deterioration of Sanyo's performance was the continued recession in the consumer and component sectors. ”

In December 2006, NTT announced a recall of 1.3 million Sanyo batteries from some models of mobile phones. The battery recall dealt a heavy blow to Sanyo's brand reputation. After the deterioration of the business, the deterioration of the brand reputation this time finally pushed Sanyo into a situation from which it could never recover. For consumers in island countries, Sanyo's brand has become less and less trustworthy. Kimura said with emotion.

Watching him raise a tall building, watching him feast guests, watching the building collapse......

As an islander, Kimura's mood is also complicated. Growing up, Kimura has used Sanyo's radio, Sanyo's refrigerator and washing machine, and even Sanyo's camera, which Kimura has used for a short time.

But now, in the eyes of the island people, the image of Sanyo as a giant has collapsed.

"It may be a good thing for our group that the Sanyo brand is not trustworthy, so that his major shareholders will be happy to get rid of this burden. ”

"Having said that, I've heard that Panasonic has been interested in acquiring Sanyo, so we're still careful not to be preempted. ”

"For Panasonic, Sanyo's most valuable part is the battery business, and Sanyo's home appliance business competes with Panasonic's products. Even if Panasonic acquires Sanyo, it will sell Sanyo's original home appliance business one by one on the grounds of sorting out duplicate businesses, and I believe that this is certainly not the result that Sanyo's management wants to see. ”

"That's right, except for a few fields, Sanyo's technology is really not as good as Panasonic. But given the special relationship between Sanyo and Panasonic, it's hard to say whether those on Sanyo's board of directors will vote with their feet. "As an islander, Kimura still knows the way of doing things on the island.

In fact, not only in the Celestial Empire, but also in the island countries and even the whole of East Asia, business is not just a simple business, it is mixed with various influencing factors.

In particular, the relationship between Panasonic and Sanyo, which is very close and special, is basically destined to have an intersection in the business of the two companies sooner or later.

"Now, companies are getting caught up in the noise of the deepening subprime mortgage crisis and are becoming more cautious about all kinds of investments and acquisitions. This is a good opportunity for our group, many companies that can't find a suitable seller, originally there was no hope for the Korn Glory Group to intervene, and now they can give it a try. Sanyo is just the beginning, it will definitely not be an accidental phenomenon, and we will have more opportunities to include some traditional subdivision giants in the future. Jiang Hui said.

(End of chapter)