"It's true that the supermarket is true, and I didn't cheat on Mr. Lookkens." Chen Zhiwen looked at Cai Kens on the side, and then said: "Similarly, I said that I want to support Hong Kong's garment industry is also true, maybe one day, I will also make direct investment in this industry, but the current development of Hong Kong garment factories is not good, although the quantity is very large, the quality is not good, although there are many other reasons, but a lot of high-grade raw materials need to be imported is also a big problem, Mr. Buffett if he invests, can solve this problem very well, at the same time, Berkshire Hathaway can also profit from it, It can be said that it kills two birds with one stone. ”

Costco's future achievements are now known only to Chen Zhiwen on the whole world, including Pierce, who is building this huge business empire, and he can't imagine how big a supermarket chain group he will create.

Warren Buffett is naturally the same, he thinks Walmart is good, but it is just good, and it may not meet the requirements that he can invest in in his mind, and Costco, he may not understand this business model at all, maybe he will feel novel, and he will feel that there will be a certain market after a certain understanding, but he can't imagine the final scale at all, it's not that he is not smart, but the new business model has not developed to the end, who will know its scale?

When Sam Walton wanted to develop Wal-Mart into a supermarket chain with small profits and quick turnover, he would not have thought that his supermarket would become the hegemon of the global retail industry in the future, with a turnover of hundreds of billions of dollars, Bill Gates never thought that he would become the richest man in the world when he started his business, and when Comrade Pony created QQ, he did not expect future achievements, and if he did not stand on the shoulders of giants, who knows how tall the giants will be?

In fact, as long as it takes ten years, Costco will develop like later generations, plus Chen Zhiwen's financial support and larger expansion plans, then its scale will be much larger than that of later generations, and later Costco, after ten years of entrepreneurship, the number of chain stores will exceed 60, and the turnover will exceed one billion US dollars.

One billion dollars in the 80s is an astonishing number, and the proportion of clothing in the supermarket is very important, especially Chen Zhiwen intends to use clothing as a means of Costco marketing, it must need a lower cost clothing industry, the future of Costco demand alone, in Hong Kong clothing export industry has a large proportion, not to mention, in Hong Kong's Galaxy Trade, the bigger goal is to open up Wal-Mart and the future retail giant market in Europe, the clothing industry is also a brick.

Of course, another reason is that maybe in the future, he will enter the capital-heavy industry of clothing terminals, but definitely not now.

"Actually, I don't expect the textile industry to bring me much profit, even if I move to Hong Kong, how much money can I make? At most, it will go from not going bankrupt to making a slight profit. Buffett showed no concern at all, and said: "The reason why I keep the textile factory is to keep thousands of jobs, I don't want these people who have worked in the factory all their lives to lose their jobs and lose their income to support their families, and when they retire, the factory will naturally close." ”

"That's right, the profits of factories are far less than finance, let alone the sunset industry like textiles." Chen Zhiwen nodded and said, Buffett made huge profits in the stock market a long time ago, using other people's funds to invest and then get dividends, when he was less than 30 years old, Buffett already earned millions of dollars a year, and now he is worth more than hundreds of millions of dollars, controlling billions of dollars in assets, how can he look at this outdated textile industry, even if he moves to Hong Kong or other Asian countries, he can earn millions of dollars a year, it is just a drop in the bucket for him.

A few people drank coffee quietly, and Buffett continued: "Mr. Chen, I'm curious, what would you do if I don't agree to invest in Hong Kong, or if I don't make a joint venture with you and invest in a sole proprietorship?" ”

"It doesn't matter if you don't have a joint venture with me, I don't care." Chen Zhiwen said with a smile: "If Berkshire Hathaway does not invest in Hong Kong, maybe I will visit other European and American textile companies, so many companies, there will always be one who agrees." ”

"If that's the case, Mr. Chen, you're a very strange person, and I can't understand Ling's thoughts from a business perspective." Warren Buffett laughed and said: "But although there is no profit, I am very interested in Mr. Chen, this investment is decided, as for the investment ratio, I want more than 70%, and the rest can be discussed." ”

"No problem, I don't care." Chen Zhiwen shrugged and said, his purpose is just to let Buffett move some of the textile mills to Hong Kong, as for the number of shares in the joint venture, he really doesn't care, more shares will cost more money, real cash, now at this time, it is not cost-effective to invest too much cash.

Besides, Berkshire Hathaway will definitely not be able to really invest, the biggest possibility is that it will relocate all the factories in the United States, and the equipment is old, as for the value, it is not Buffett's final say.

"There is another problem, the cost of land in Hong Kong is too high, I have a general understanding, the cost of industrial land is at least three times more than that of the United States, and I also know that Mr. Chen has certain resources in Hong Kong, so the right piece of land, Mr. Chen needs to help the joint venture company solve this problem." Buffett continued.

"Turf?" Chen Zhiwen thought for a while and said: "It's no problem, I'll take care of this matter, such a big investment project, in terms of price, the Hong Kong government will definitely give the greatest discount." ”

We all know that the real estate market in Hong Kong has plummeted in the past two years, and the same is true for industrial land, but Hong Kong, for various reasons, even if there is a real estate crisis, the price of its land is still much higher than that of other places, and it goes without saying that industrial land is naturally in other regions or countries that have set aside a large area outside the city as an industrial area, and then in addition to the infrastructure cost of leveling the land, other costs are basically gone, but Hong Kong's industrial areas are all near residential areas, even if the location is biased, it is also a residential area. Although the Hong Kong government has defined preferential policies for industrial land, the price is still much higher than in other countries or regions.

In fact, the nourishment of Hong Kong's industrial life is to rely on the industrial office buildings layer by floor, which reduces the average cost per unit area, but the office buildings only meet the very basic assembly industry, and Hong Kong's mainstream industries are also these.

The environment creates living things, the price of real estate determines the industry, and the land price is the most important factor in the development of Hong Kong's industry.

Although the textile industry is also a light industry, large textile equipment can only be placed on the ground, and Berkshire's obviously belongs to this category.

PS: Today's Chinese New Year's Eve, I wish you all a happy Spring Festival!

(End of chapter)