After Citi contacted Wal-Mart again, Chen Zhiwen and his entourage were also invited by Sam Walton, and Chen Zhiwen estimated the same, the founder personally asked, after all, 10% of the shares were acquired by outsiders, although the Walton family holds more than 50% of the shares, but the shares are also scattered, what will happen in the future, who knows? There are many contradictions between wealthy families in American dramas.

The aviation industry in the United States is very developed, and the domestic high-speed rail in later generations, no one is better, only who is more suitable for the national conditions, the United States, which has few people, is naturally suitable for the aircraft industry, not to mention, Boeing in the United States, but the world's largest aircraft manufacturing company, even in the 70s, many models are the only.

New York is not far from Arkansas, and you will arrive at your destination in 2 hours.

Wal-Mart still attaches great importance to Chen Zhiwen and his entourage, and specially arranged two business vehicles to receive them.

"This car?" Chen Zhiwen looked at the two cars in front of him that were much taller than one person, and said with some frowns.

"Mr. Chen, what's wrong?" An American security guard, who was a little sensitive, saw the boss stop here and asked.

"It's nothing, let's get in the car." Chen Zhiwen waved his hand and said, "Danny, what kind of model is this car?" ”

"This is Ford's commercial vehicle? This type of car is relatively rare in big cities such as New York and Los Angeles, and may be a little more common in other places. Danny explained.

"Business van? Okay. Chen Zhiwen nodded, and after getting in the car, Chen Zhiwen felt as if he was sitting in an Iveco of later generations.

"Chen Sheng, what's wrong? Any questions? Assistant Angel asked.

"It's nothing, let's get in the car." Chen Zhiwen smiled and motioned for everyone to get into the car.

After everyone was in place, the two commercial vehicles started, and the feeling of vibration below made Chen Zhiwen feel that he was sitting in a truck or a bus.

Chen Zhiwen asked Danny again: "Danny, is there a model called MPV in the United States now?" ”

“MPV？ Haven't heard of it. Danny thought for a moment, looked at the other Americans around him, and shook his head in denial.

"OK, nothing, maybe I misremembered the name." Chen Zhiwen nodded and said. MPV should not have appeared yet, in his impression, the founding company of MPV should be the Chrysler Corporation of the United States, and its project initiator is one of the most powerful CEOs in American history. Iacocca.

The second-in-command of Ford will be fired by Ford in a few years, and then join Chrysler, which was almost bankrupt at the time, and become the CEO of the latter, and then in 4 years, the company that almost went bankrupt turned a profit, and the net profit was as high as $1 billion in the fifth year, and the project with the greater credit was the emergence of the world's first MPV.

It's just that this prophet doesn't seem to be of much use, not to mention MPV, it's just a motorcycle, and Chen Zhiwen can't build it.

Wal-Mart's headquarters, in Bentonville, Arkansas, is neither small nor too big, even in the United States, most people don't know about this city, but it gave birth to one of the most powerful companies in the future - Wal-Mart supermarket.

After half an hour of driving, the convoy arrived at a six-story building on the outskirts of Bentonville, where Sam Walton's office was on the sixth floor, where he met with Mr. Chen.

"Hello, Mr. Walton." Chen Zhiwen met this little old man who would become the richest man in the United States in ten years, and if he hadn't met here, no one would have thought that the man in front of him, who seemed to be a farmer, would be the owner of a medium-sized supermarket chain.

"Call me Sam, Mr. Chen." Sam Walton said boldly.

"Okay, Sam, you can call me Eric." Chen Zhiwen said with a smile.

"You may be seated, Eric." Sam Walton said with a smile, and at the same time personally brewed coffee for Chen Zhiwen.

"Thank you very much." Chen Zhiwen said after taking the coffee.

"These are all coffee beans that I grow myself, and I prefer pure agriculture rather than imitation of industrial production." Sam Walton said.

Chen Zhiwen took a sip and said: "The taste is very good, but isn't our supermarket industry relying on industrialized agricultural products?" ”

"That's to save time for our customers, and not everyone has the time to do what they want to do like we do." Sam Walton said.

"That's just as well." Chen Zhiwen nodded, although many bosses are very busy, many times even busier than workers, but this is his own choice of life, he chose "busy", and most workers have no choice, can only passively accept, this is still a big difference.

"Eric, why did you choose to invest in Wal-Mart, your investment in Wal-Mart is not a small amount, this money can be invested in more industries." Sam Walton asked with a smile.

"Because I'm optimistic about the supermarket industry, and I'm also optimistic about Walmart's business model." Chen Zhiwen said with a smile that a stock can rise 4,900 times in 27 years after listing, which can be said to be the biggest miracle in the history of human business.

Wal-Mart supermarket was listed in 1970, and by 1997, the market value was the first in the world, close to 300 billion US dollars, which was 4,900 times higher than when it was just listed, with an average annual increase of 37%, which is stronger than Warren Buffett's investment, and normal stocks rise higher when the amount is small, and Wal-Mart stocks are the same, and therefore, Chen Zhiwen invested less than two years ago, and the stock more than doubled.

Of course, Chen Zhiwen's large amount of money entered the acquisition, which may also have increased the rise of Walmart stock.

"What is Walmart's model that Eric thinks is good?" Sam Walton asked with a smile.

"Small profits, quick turnover." Chen Zhiwen said lightly: "Whether it is in the United States, Europe, or Asia, where the economy is developing, the future of the retail industry will be dominated by small profits and quick turnover.

Wal-Mart has taken this route since its inception, choosing to build supermarkets in the suburbs, reducing its gross profit margin and increasing sales, which is the main reason why Wal-Mart has been able to develop to its current scale, especially after the oil crisis, Americans' incomes have been seriously affected, but daily consumption has increased significantly because of oil prices and basic materials, and consumers just need high-quality and low-cost supermarkets. ”

"So because of the oil crisis, Eric decided to invest heavily in Walmart stock?" Sam Walton nodded and asked with a smile.

(End of chapter)