Far away cafeteria.
At this moment, it was absolutely quiet. Everyone was looking at the document sent from Far away.
In fact, the content of the document was not much. It was very simple.
Far away's new retail group!
Cut off the online Far Away Mall, become independent, and integrate it into the new Gome system to form a new offline retail group.
The new offline retail group gathered a series of retail companies: Far Away, Carrefour, Gome, Times, Suguo, Yongan, Kelong.
Around September 2008, when Far Away and Longhua exchanged shares.
Far Away's retail group, excluding Gome and online, had a total asset of more than 40 billion.
After that, Far Away continued to maintain a state of expansion and continued to invest.
In addition, Far Away made a lot of moves in the later period. It became more and more famous, and the fixed industry and brand value increased. Half a year had passed, and the value had increased a lot again.
Far Away's retail group, excluding online and Gome, definitely had 50 billion.
Last year, Faraway Supermarket's offline revenue was as high as 110 billion.
Although revenue was not the standard to measure the value of a company, it was enough to roughly estimate something.
Revenue was 110 billion, and the profit was close to 10 billion.
At this time, if Faraway Supermarket went public, even with a price-to-earnings ratio of 10 times, it would not be a problem to get a market value of about 100 billion.
Of course, market value did not represent assets, but market value was also a reflection of value.
Today, Faraway Supermarket and Gome combined had a total revenue of nearly 200 billion.
This was an authentic offline retail giant group!
Last year, Suning, which ranked second, and Bailian, which ranked third, had a combined revenue of about 200 billion.
In any industry, the value of first and second could never be equated.
If the retail business of Suning and Bailian was worth 100 billion, although the revenue of the two was similar, the value could not be equated.
Just like PP from afar. Although it was weaker than QQ, it was not much weaker now.
However, first was first. Tencent's main business was instant messaging, and Tencent's market value was as high as 20 billion US dollars.
So far away, PP was listed on its own now. Not to mention 20 billion USD, even 10 billion USD would be the highest it could get.
So far away, after the restructuring of the retail group's offline system, including Gome, the total assets were only about 100 billion yuan.
Their debts were close to 40 billion, and their net assets were about 60 billion.
When he acquired Gome, Li Dong still owed a lot of money, which was counted as the offline retail group's debt.
Total assets of 100 billion yuan and net assets of about 60 billion yuan were not underestimated.
So far away, however, the documents they had received gave them a new estimate.
Including Gome, there was a total of 2,108 stores Far Away's offline retail system. Far Away's valuation was 100 billion!
Net worth!
That was 170% higher than their actual assets!
The value of an enterprise was not calculated in this way!
The reason why net assets were calculated in terms of net assets was the actual value of the enterprise.
So far away, they had actually given such a high number of assets. It was simply a joke.
Chu Dequn looked for a while and saw that everyone else was silent. He could not help but frown and say, "General Manager Li, this is a bit of a joke.
We admit that Far Away's influence is great. It is not an exaggeration to say that it is number one in Hua Xia.
But in fact, Far Away's retail system has not been integrated. Gome and Far Away have not produced an effect of 1 + 1 greater than 2.
If you complete the complementary industries and complete the integration of resources.
I agree with you that Far Away's offline retail sector is worth 150 billion and that its net assets have exceeded the 100 billion mark.
But not now!
Carrefour and Gome's stores are still in a state of division. There has not been any actual industrial expansion, and your profits have not reached a balanced state.
At this time, you give such an estimate and want us to agree. Don't you think that General Manager Li feels that it is a bit too much? "
Shen Guojun's expression was also ugly as he said, "General Manager Li, General Manager Chu's meaning is not only General Manager Chu's meaning, but the meaning of all of our enterprises! We can agree with some of your views, and we can even give up our channels and hand them over to Far Away to control. However, in terms of fundamental interests, Far Away still wants to maximize the benefits. This is beyond our expectations. 100 billion net assets, to put it bluntly, with the addition of Far Away Mall, we reluctantly agree. Now that we exclude Far Away Mall and still give such an estimate, Far Away is not sincere at all. I cannot accept it! "
"That's right. General Manager Li, do you really want to use the estimated value of this asset to talk about cooperation with us?
An estimate is an estimate. General Manager Li, if you say that Far Away's retail sector is worth 1 trillion in three years, I have no opinion.
But now, we still speak based on facts.
How much should it be, how much should it be.
We are the same, how much should it be. At most, we will make some concessions in terms of brand value.
But no matter how much we make concessions, we will not make it to this point.
General Manager Li, if you eat meat, you should at least give us some soup, shouldn't you?
You proposed to share the benefits, but now you are giving us such a proposal. I also find it hard to accept. "
"…"
There was a heated discussion, and everyone had a look of disapproval.
Li Dong, however, said calmly, "Everyone, Far Away's offline retail sector, whether it is worth 100 billion or not, everyone should know in their hearts.
Far Away has a lot of self-owned industries, and the proportion of fixed assets is also very high.
More than 2,000 stores, we own more than 12% of the property.
This part of the industry was originally prepared to be handed over to Dongyu Real Estate. This way, we can also avoid some debt disputes.
Far Away's management had proposed it several times before, but I rejected it.
Why did I reject it?
It is because we want to maintain the integrity and competitiveness of Far Away's retail sector!
More than 12% of self-owned properties, a complete supply chain channel, in addition to the additional value of warehousing and logistics.
Although these two are not in the Far Away retail sector, and although they are not in the online sector, does the added value really not exist?
Far Away's retail sector is not an isolated existence, it is just a link in the whole chain.
As long as the other industries Far Away still exist, Far Away's retail sector will be able to enjoy special treatment and additional competitiveness.
If only the value of fixed assets is calculated, then I will be making a huge loss.
I can understand that you are considering and weighing for your own interests.
However, everyone has to think from my point of view!
As an integrated industry, do you think that Far Away's retail sector will be separated from the entire group's system?
Since we are enjoying it, then that is where the value lies.
Total assets of 140 billion, is that really high?
Far Away's debt ratio is not considered high, this is also one of the characteristics of a high-quality enterprise … "
Li Dong was bragging with all his might, but everyone was not willing to agree.
Just a few words from Li Dong, and the value of the entire group rose by 40 billion. That money was really not money!
No matter how high the added value was, it was not as high as 40 billion!
Far Away's logistics sector had invested 40 billion now?
According to Li Dong's calculations, just the Far Away's offline retail sector alone was equivalent to his total assets in November last year.
That Far Away Technology, Far Away Mall, Far Away's logistics sector, Dongyu Real Estate, Weibo, and all these industries, were all earned by him in just a few months?
After earning so much in just a few months, Li Dong might as well just rob them.
No, even robbing would not be that fast.
Of course, everyone also subconsciously ignored the reduction of Li Dong's shares in Weibo. This was Li Dong's matter, they would not consider it.
Everyone was discussing fervently. Far Away's executives were also discussing in low voices.
Sun Tao said in a low voice, "140 billion valuation, who came up with it?"
Wang Yue shook her head. Chen Lang coughed lightly and said, "I did it. But let me be clear, I gave an estimated valuation of 120 billion, then went to the chairman's office and took a look, and it became this much."
"A sum of 20 billion …"
Sun Tao said with some emotion, "If this really succeeds, we can earn back half of Gome with just a stroke of the pen. You add a sum, he adds a sum, and we'll get back a Gome. "
Wang Yue rolled her eyes at him and said unhappily, "You talk too much nonsense. Don't you know how to bargain? You're directly giving 100 billion now? Then how are you going to lower the price later? "
"No matter how much you lower it, it won't reach 40 billion, right?" Sun Tao said in a low voice, "If you follow this person, don't look at the specific statistics in the future. In any case, just follow along and brag. Did you guys think that would be the result of the previous financing on Weibo? We valued it at 2 billion USD, but in the blink of an eye, he raised it to 3 billion USD. In the end, it was still accepted at 2.5 billion USD. These days, one's reputation can really make a living. Guess, how much will it be accepted by everyone in the end? "
At this moment, Wang Yue was also a little curious. She lowered her voice and said, "120 billion in total assets, I think it's not a small amount."
Chen Lang muttered, "I think it should be a little more."
"Why don't we take a gamble?"
"Gamble on what?"
"…"
As the few of them were chatting, Li Dong suddenly turned to look at them and said with a dark expression, "It's none of your business now, right? Go and explain the contents of the document to everyone and analyze with them why we dare to give such a high value! "
The few of them looked at each other and then dispersed in a hubbub. They hurriedly went to communicate with the people in charge of the various companies.
Although Li Dong kept talking, there were many people, and he could not take care of everyone.
Li Dong personally communicated with the people in charge of some of the larger companies.
As for the smaller companies, they had to rely on them to bluff them.
As everyone was arguing, a commotion suddenly came from outside the door.
Immediately after, a staff member from Far away jogged in and went up to Li Dong to whisper a few words.
Li Dong's expression was a little ugly, but he quickly recovered. He said to Shen Guojun and the others with a smile, "Don't be anxious. I know what you're thinking, but we're all doing business, and no one wants their child to be underestimated.
All these years, we've underestimated Far away, and now our faces have been slapped swollen.
"Now, I dare to give an estimated asset value of 140 billion. In a few months, it will no longer be an estimate, but a fact.
In a few years, it will double over, and there's nothing strange about it.
"Let's not talk about anything else, let's just talk about Wal-Mart.
Its annual revenue is only about 300 billion USD, but its market value is as high as 220 billion USD.
"Also, their debt ratio is much higher than Far away, about 60%.
"Think about it, even with this ratio, if we go public, Far away will have more than 200 billion in revenue, and the debt ratio will be even lower. It won't be difficult for us to have a market value of more than 150 billion, right?
"Market value doesn't mean everything, and it doesn't mean anything else.
"But when the time comes, if you really feel that you've suffered a loss and sell your shares, don't you think you'll make a lot of money?
"The net asset value we're giving you now is only 100 billion. I think that 200 billion Far away going public is still worth it. Even if you're diluted a little because of going public, you'll have at least a return of 150%.
"All in all, I definitely didn't overstate the value by a penny.
"Also, this is only the valuation of Far away. We haven't done any statistics on your side. Maybe the results will exceed your own expectations.
"If everyone is in a hurry to deny Far away now, aren't you denying yourselves?
"Think about it yourselves first. Director Sun, accompany everyone for a while. I'll go out for a while."
Sun Tao hurried over when he saw this. Shen Guojun and the rest were still in a daze. This fellow, Li Dong, was really something!
"It's fine if he compares himself to Wal-Mart. Far away is not even listed, but he dares to use this to bluff them now.
"Far away can get listed, but our company can't?
"Once it's listed, which company's market value won't rise?
"Of course, the increase in the company's market value is not much. Generally, the difference between the company's market value and the company's actual value is not too big.
…
Just as the people inside were discussing, Li Dong walked out of the cafeteria.
He stared at the two people in front of the door and snorted. "I say, aren't the two of you a little too much? "We're having a meeting, and you just barged in. Isn't it a little inappropriate? If there's anything, we can talk after the meeting. "
Ma Yun smiled and said, "Sorry, sorry. We really didn't know you were having a meeting. Didn't you say it was a gathering? I was thinking, how can we miss out on a gathering? Don't you think so? "
"Enough, don't pretend to be ignorant. Just one sentence, go as far as you can. Don't think about making trouble for me. It's useless even if you do. "I'll say this in advance. It's useless for you to make trouble now. We've already reached an agreement and are signing the contract. If you're willing to help them compensate for the breach of contract, I'll be happy to earn a large sum of money."
Ma Yun sneered. "Who are you bluffing? Even if your family's efficiency is through the roof, others aren't as fast. "Do you think others are like you, a loner who can make decisions alone? "If I don't go in now, I can still chat with them when they come out later. "Li Dong, it's a fair competition. You can't not give me a chance, right? "What you can give, we can also give!"
Li Dong sneered and said, "Do you think we, who are in the industrial sector, will care about you Internet companies?
So what if you have a market value of trillions?
Once the stock market is in turmoil, you'll be crying for your parents. If you're capable, don't get delisted.
You still want to compete with me? What are you going to use to compete with me?
How much cash do you have?
Are you counting on Bailian?
Bailian doesn't even care about itself. After taking over the Agriculture, Industry and Commerce and Yonghui, do you think the government will continue to invest tens of billions for them to squander?
Don't think too much. I'm telling you that I will use my Far away retail shares to exchange for their shares. What can you do?
If you can really pull a few of them away, I'll have to thank you.
I'm still having a headache now. There are still 50 to 60 companies left. I estimate that 30 will be enough. Aren't you giving me more trouble?
If you can really pull a few dozen companies away, I'll have to thank you for letting me breathe a sigh of relief. "
The two people's faces darkened. Ma Yun was speechless. "You're talking as if you don't do the Internet. Also, you said it yourself. Don't regret it! If we pull away the backbone of these companies, even if you form an alliance, it won't be meaningful. "
Li Dong smiled and said, "Then you can try. I can still believe that small companies don't have strong willpower.
If you really have the ability, would Old Shen still be here talking to me?
You didn't see how eager Old Shen was just now. He couldn't wait to sign the contract with me.
Far away has me, Li Dong. That's the embodiment of benefits. Whoever leaves will be a fool.
Follow you two Ma Yun?
What are you going to do?
That little bit of performance online?
You must be joking!
How many companies are online now?
Far away accounts for more than half of them. What capital do you have to fight with me?
Alright, I can't be bothered to beat you up. Go back to your own homes now. I have something important to discuss with you tomorrow.
Let me say this in advance. It's a serious matter.
The offline retail alliance isn't even worth mentioning compared to this.
IT companies should do what IT companies should do. You've crossed the line by getting involved. I don't know if I'll say anything when the time comes. "
Ma Yun and Ma Huateng looked at each other. After a while, Ma Huateng said slowly, "Alright, then I want to hear what you have to say tomorrow. Li Dong, it's not that we want to stop you this time. It's that the other retail companies won't agree! If there are no surprises, they should be rushing over here. I really want to see if you can successfully complete this alliance plan. "
Li Dong laughed and said, "That's not something Brother Ma to worry about. I think I, Li Dong, have a better reputation than others."
Although these words were a little pretentious, the two Ma Yun were helpless.
He was right. His reputation, Li Dong's, couldn't be compared to that of other companies.
It was hard to say if Bailian and the others could fulfill the conditions they promised.
Ma Yun exhaled and thought for a while before saying, "Have you considered cooperating with Ali Far away Retail?"
Ma Huateng was taken aback. This guy was really good. He knew when to yield and when to stand tall. When he failed to cause trouble, he immediately proposed a cooperation. This change was really fast.
Li Dong also pondered for a while before saying, "Not now. You haven't presented anything that I want. You can't do it domestically. If you can open up the online market overseas, I don't mind cooperating with you once. "
Ma Yun snorted. "In your dreams. You've already taken advantage of me. What do I get out of it? I'm talking about China. Ali has a foundation. If you want to complete the online and offline strategy, you'll have to spend at least three years away from Ali! "
Li Dong clicked his tongue and looked at the time. "I don't have time to talk about this with you. I still have things to do. If you don't want to go back, wait here. I have to go in. Also, we're having a confidential meeting. If you force your way in, I'll call the police. "
After saying this, Li Dong returned to the cafeteria.
Ma Yun, who was left in place, shook his head. "This guy won't even let us in. Maybe he wants to complete the cooperation tonight."
"So fast?" Ma Huateng was a little doubtful.
Ma Yun rubbed his chin and thought. "It's hard to say. Let's go back first. I'm not interested in staying here in the cold. But tomorrow, we have to find out more. Also, from now on, we have to be prepared. To prevent being caught off guard by this guy, the last thing is the mobile strategy. Let's discuss it. One man is better than two. Let's figure out what he's going to do next. "
Ma Huateng nodded. Originally, he and Ma Yun did not have much interaction. But now, with Li Dong's threat, they naturally became allies.
It was not a bad idea to go back and listen to Ma Yun's judgment. People in the industry said that other than being good at bluffing, this guy's ideas were also bold and imaginative. Who knew if there would be some sparks between them.
In this day and age, those who could bluff were all capable people. Just look at Li Dong, the Great Bluff, getting better and better.
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