In front of the building Far Away.
Yuan Chengdao smiled and said enthusiastically, "Congratulations to General Manager Li for his triumphant return!"
"Triumphant return." This was the consensus of everyone.
An extremely successful IPO plan!
The resumption of trading of Tencent and the listing of Weibo started almost at the same time. At first, many people opposed it. They felt that it was too risky for both companies to go public at the same time.
Both companies had raised nearly 10 billion US dollars, which was unprecedented in technology stocks.
In everyone's opinion, they needed to give the investors some time. After all, their money did not come out of thin air. Both companies going public at the same time would dilute their funds.
However, Li Dong insisted. Weibo and Tencent also hoped to give Li Dong a big gift on the third anniversary of his birthday. Therefore, both sides sped up the process.
At the beginning of the roadshow, Yuan Chengdao and the rest were worried that there would be problems.
However, now, the appearance of the panic buying wave had made everyone feel at ease.
It was not just the panic buying wave. Now, the whole world was talking about Li Dong. Far Away, Weibo, and Tencent were all talking about him.
Such a scene had not appeared for many years. Even when Ali went public in 2007, it did not cause half as much of a sensation as it did now.
…
Li Dong calmly accepted the congratulations of the company's executives.
However, Li Dong did not say much about it. As he walked into the building, he asked, "How's the talk with Changjiang going?"
When Li Dong mentioned Changjiang, Yuan Chengdao frowned slightly and did not reply.
Chen Lang immediately said, "The official contract has been signed. We are also taking over Baijia. The stores in China are easy to arrange, and the employees are easy to arrange. However, it is a little troublesome for Xiangjiang. Xiangjiang is a little different from China, especially the labor … "
Li Dong interrupted, "The treatment Far Away has never been worse than any other company. You guys can handle this yourself. If they think that I entered Baijia, they want to greatly increase the treatment. Fine, let me see their ability! If they don't have the ability, then don't bother with these messy things. Far away, there was a wave of resistance, but it also died down in the end. You don't have to tell me the details. Tell me about the funding issue, including the attitude of other companies. "
Today, it had been half a month since both parties reached an agreement. Far away had started to take over Baijia. If other companies didn't know about this, then Li Dong felt that they should all go bankrupt.
Hearing Li Dong's question, Chen Lang quickly said, "In terms of funds, the Changjiang River is not too harsh this time. Mr. Li Zeju said that it wouldn't be too late to pay when there was more money here Far Away. Of course, the contract is for one year. "
Li Dong nodded. After all, Changjiang was a big group, and Far away was not a small company. Two billion dollars was not a lot, but it was not a small amount either.
The other party said a few courteous words to give him face. After all, the two of them didn't have a good relationship before.
Of course, it was impossible for Li Dong to be like what the other party said. He would only pay when he had the money.
After thinking for a while, Li Dong said, "After a period of time. Try to pay in full within half a year."
Chen Lang agreed and didn't ask about the source of the funds. Two billion dollars was not a lot, especially when the Tencent resumed trading this time. Far away's restricted sale period was only 180 days.
After 180 days, even if they sold off part of the shares, it would be enough to pay off the debt.
After talking about the money, Chen Lang continued, "As for the reaction of other companies, at present, Huarun has also started to make its own arrangements in Xiangjiang. Huarun has a deep foundation in Xiangjiang. Even if it doesn't acquire Baijia, Huarun's strength is not weak.
However, the market in Xiangjiang is close to saturation. Huikang and Baijia have occupied 80% of the department store retail market in Xiangjiang.
As long as we can keep Baijia operating normally, the expansion plans of other companies in Xiangjiang will not be affected.
However, in the mainland, especially the coastal areas, the competition is more intense now.
Some of the retail companies that cooperate with us have been complaining recently. Huarun, Bailian, Gaoxin, and a few others are frantically investing in the coastal areas. Many of the stores are almost next to our system.
Recently, there has been a lot of diversion. It seems that these companies don't want us to continue to expand in the coastal areas. They have already reduced the size of our market regardless of the cost.
"In addition, there is one more thing that you may not have noticed because you have been busy recently. New Yijia has declared bankruptcy …"
Li Dong was slightly stunned. After a while, he sighed softly and said, "Can't hold on anymore? That's true. The competition in the retail industry is too fierce now. The other party was originally barely holding on. It's normal that they can't hold on anymore. "
Li Dong might not have cared about New Yijia, but it didn't mean that he didn't pay attention to it at all.
In fact, New Yijia's crazy expansion model was almost the same as Far away's.
It was about the same time. At that time, the two up-and-coming companies were crazily expanding in an attempt to create a national layout.
Far away was fine. In fact, they had experienced several crises along the way, but they were all resolved by Li Dong.
As for New Yijia, while it was expanding, it was unable to resolve the crisis.
In the past two years, facing fierce competition in the market, it had already shown signs of decline.
Back then, New Yijia was proud of their outsourcing logistics. They outsourced all of New Yijia's logistics distribution. This way, they didn't need to invest themselves and could save a lot of costs.
But that was back then. Now, all the major companies were perfecting their own layout and systems. Self-operated logistics had already become their core competitiveness.
They might invest a little more in the beginning, but in the later stages, there was still a gap between a self-operated system and an outsourced system.
Moreover, the cost of outsourcing logistics had increased in recent years and prices had increased greatly. New Yijia did not have its own system at all and was almost at the mercy of others. In this aspect alone, they had lost a lot of competitiveness.
In addition, a few shareholders were constantly fighting and unwilling to spend money to renovate the old stores. Many of New Yijia's stores were still decorated in the style of the 90s.
The proportion of self-operated properties was also pitifully low. The rent had begun to rise again. All kinds of difficulties finally caused New Yijia to not escape bankruptcy.
In fact, this point had long been felt by the industry insiders. There had been several incidents of suppliers surrounding their stores on a large scale to demand payment for their goods.
While Li Dong was thinking about this, he said, "The other party has already fallen from their position as a retail giant. Bankruptcy won't affect us too much. Instead, we'll have to give up a part of the market. Didn't we reach an agreement with some of the coastal real estate developers last time? Now, they were preparing to enter the store and seize the market share left by New Top Model. However, there aren't many companies working with us in the south. We still have to prepare a portion of our own stores … "
When he said this, Chen Lang frowned slightly and said, "General Manager Li, the group really doesn't have the funds to continue expanding. So far, the profits from the retail business had been used for the construction of the boutique supermarket and the layout of Gome's rural stores. So far away, the retail business was already struggling to make ends meet. Also, the 10 billion from last time … "
Li Dong interrupted, "That 10 billion was a matter of last time. We'll talk about it later. As for funding … "
Li Dong turned his head and looked around. He didn't see Cao Jinsheng from Far away Finance, but he still asked, "Has the ABS financing plan from Far away Finance started?"
Yuan Chengdao answered, "It's in preparation. It's expected to officially start financing in September."
"September …" Li Dong paused and nodded. "Then September it is.
At this time, the retail expansion plan could no longer be hidden.
Back then, I said that we would enter the southern market on a large scale after August.
What we lacked now was actually funds.
Loans, financing, loans … In short, the money could still be obtained.
In the south, we didn't spend much money in the early stages.
As for the retail group, at least it was on a large scale. A boutique supermarket and Gome store layout would be enough to spend all the money?
Our profits this year aren't low. Even if the profit margin is a little low, the foundation is here. The profits for the second half of the year will be paid in advance. I think it's enough to maintain the expansion in the south. "
Seeing this, Chen Lang glanced at Yuan Chengdao, but Yuan Chengdao didn't say anything.
Far away was not the first time they were operating at full capacity. At this time, Li Dong was determined. What else could they do?
Fortunately, everyone still had some confidence in their hearts.
After all, the two technology stocks going public would create a lot of value in the future. At the critical moment, they could cash out or use their stocks as collateral. It wasn't difficult to raise money.
Seeing this, Chen Lang responded again. Li Dong thought for a while and said, "How's Qi Yunna doing in the north?"
Chen Lang hurriedly said, "It's not going too well. Great Shang and Wumart have been delaying us …"
"Forget it. Let Qi Yunna try. Otherwise, she won't be satisfied."
Li Dong didn't expect to have results so soon. Everything depended on luck and opportunity.
After talking about Far away's retail matters, Li Dong made arrangements for the other groups' work.
At this time, Yuan Chengdao suddenly thought of something and hurriedly said, "General Manager Li, Central TV has recently communicated with us. The selection for the Businessperson of the Year in August has already begun. Central TV hopes to do an exclusive interview with you to promote the upcoming promotional video. "
The underlying meaning of these words was very clear. Although it was still in the selection stage, since Central TV said it would be used as a promotional video, it meant that this year's Businessperson of the Year would definitely be Li Dong.
Since 2000, Central TV had chosen the Top Ten Businessperson of the Year every year. There were ten spots. If Li Dong didn't even get one, everyone would probably feel that it was meaningless and unfair.
In the period from 2008 to 2009, not only in Hua Xia, but also globally, Li Dong was a well-deserved Person of the Year in the business world.
It was understandable that Li Dong wasn't chosen for the 2008 selection. After all, the selection was held in August 2008. At that time, Li Dong wasn't as strong as he was now. He also didn't take the initiative to participate. With Central TV's style, it wasn't surprising that Li Dong wasn't chosen for the 2008 selection.
But this year, there were already rumors that Li Dong could become Time Magazine's Person of the Year.
It was the global edition, not the Asian edition!
Once Weibo's listing met expectations, there was a high chance that Li Dong wouldn't become Hua Xia's Businessperson of the Year at this time. That would be a joke.
What was the concept of Time Magazine's Person of the Year?
It had been 82 years since the selection began in 1927.
The Person of the Year wasn't the usual cover person, but an annual selection.
Over the past 80 years, many people from Hua Xia had become Time Magazine's global cover person. But there were only two people who became Person of the Year!
As for the usual news reports about which celebrity appeared on Time Magazine's cover, it was always in the Asian section and not the global section. This was another big difference.
In 37 years, Old Jiang and his wife represented Hua Xia and became Person of the Year for the first time.
The other person had been chosen twice. In 78 years and 85 years, Deng Gong was chosen as Person of the Year twice.
After that, no one from Hua Xia had been chosen again.
As for the main magazine's cover person, no one from Hua Xia's showbiz circle had been chosen before. Therefore, the Time Magazine's cover person usually referred to the Asian edition. The difference in influence between the two was very big.
In 2008, Li Dong was also on the shortlist. But at that time, he didn't have enough influence and was almost the first to be eliminated. Therefore, not many people mentioned this matter.
But this year, Li Dong had a high chance of being chosen.
Because of the economic crisis, the outside world guessed that this year's selection would be dominated by economic figures and not political figures.
The stock market had not recovered and the global economy was still sluggish. Li Dong went against the trend and created two technology stocks that caught the attention of the world. Just this alone increased his chances by 30%.
And as the influence of Weibo grew day by day, including the words he said during the American roadshow, it would all add to his points.
At this time, Li Dong was not without hope.
However, Li Dong didn't care much about these honors. He rarely mentioned them. Previously, during the roadshow in the United States, the people from Time Magazine actually wanted to give him an interview. But Li Dong rejected them with the excuse that he was too busy with the roadshow.
Before that, the Asian edition of Time Magazine's reporters also wanted to interview him several times, but they were all rejected by Li Dong.
Now that he heard Yuan Chengdao mention Hua Xia's Economic Figure of the Year, Li Dong thought for a moment and nodded. "Okay, arrange an interview for me when I'm free."
It wasn't for fame or honor. It was because if he really made Central TV lose face, then once he became Time Magazine's Economic Figure of the Year, it was very likely to cause international criticism.
The world's richest man, the 24-year-old richest man in the world, the great entrepreneur known as the Eastern Giant, couldn't even be chosen as the Economic Figure of the Year in Hua Xia. Then, would this Economic Figure of the Year still have any credibility?
How many shady dealings were involved in this would probably cause Hua Xia to be questioned by the outside world.
Because of this, even if Li Dong was really busy, he had to take time out to participate in it at least once to prevent it from causing a negative international impact.
Hearing that Li Dong agreed, Yuan Chengdao heaved a sigh of relief.
Logically speaking, this kind of thing shouldn't be proposed by him, the CEO. Bai Su, the assistant, should just say a word.
But he was afraid that Li Dong wouldn't care. Once he refused, it would definitely make a lot of people unhappy.
After all, it wouldn't be Li Dong who would lose face, but the entire Hua Xia.
Now that Li Dong agreed, it couldn't be better.
Next, everyone chatted for a while, mainly about the arrangements for the third anniversary of the establishment of Faraway Group and the listing of the two groups.
These things weren't trivial, and they were almost all gathered together. At this time, Faraway Group was actually busier than during the expansion of the previous few years.
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