December 8th, Tuesday.
Originally, the business world had gradually entered a period of calm these few days.
But as the news spread, it once again attracted the attention of many people.
Far away Holdings' Dong Yu Group's chairman, Wu Shengnan, officially resigned.
Wu Shengnan was not very famous. In fact, because of Li Dong's existence, Far away's senior management was generally less famous than the other group's senior management.
But that was relatively speaking. Ordinary people did not pay much attention to it, but it did not mean that the business world would ignore it.
Dong Yu was a group under Far away, and Wu Shengnan was one of the directors of Far away Holdings.
Far away City project, although the ten Far away cities were still under construction, this project alone was enough for Dong Yu to enter the top 20 of Hua Xia Real Estate Group.
Far away was at its peak, and a director resigned. This was not a small matter.
Wu Shengnan was not only a member of the board, but also the chairman of Dong Yu.
More importantly, Far away was the only one among the four major groups under Dong Yu that had not had a change of top management. It had always been Wu Shengnan.
The other three groups had also made adjustments.
Now that Wu Shengnan had resigned, it might mean that Far away's strategy had changed. Naturally, it attracted a lot of attention.
…
News of Wu Shengnan's resignation came soon after. Wu Shengnan would be joining Longhua as the group's CEO.
Far away also announced that Dong Yu Group would be making strategic adjustments and would not expand its real estate business in the short term.
As soon as the news came out, some large real estate companies were relieved.
Far away's announcement was not necessary.
But Far away's announcement was made, and Wu Shengnan chose to resign. After a little analysis, many people could see something.
Far away had made a statement that they would not enter the real estate field on a large scale.
Wu Shengnan was a supporter of Dong Yu's expansion.
Now that Wu Shengnan had resigned, and Far away had stopped business expansion, it was clear that Dong Yu had no intention of continuing to expand.
Many people thought that it must be related to the dispute over Vanke's shares.
Previously, the outside world, including Vanke's internal department, was worried that Longhua's participation was instigated by Far away?
Now, it seemed that the possibility was not too high.
Far away, Wu Shengnan would not have chosen to resign if she had really supported him. Far away, a director of the group would not leave Far Away just to hide the truth.
When Vanke's headquarters in Shenzhen received the news, many people were relieved.
Previously, many people had been worried. Longhua's sudden intervention made them worried that Far away was supporting them from behind.
However, after Far away completed the handover with Huarun Real Estate and paid off the purchase price in one go, Vanke was slightly relieved.
Even so, Lao Wang did not dare to relax.
So far, as long as Li Dong did not make his stance clear, Vanke did not dare to relax. The current Li Dong had fought everywhere and had never been defeated.
Even Huarun Resources, facing the pressure from Yuanfang, chose to give up the retail business, which had the biggest conflict.
Although Vanke was strong in the real estate industry, everyone felt as if there was a mountain pressing down on them when they faced the pressure from Far Away.
Now, the radical Wu Shengnan had resigned. Far Away made the announcement, and everyone in Vanke was relieved.
Although Longhua was not weak, and Hsu Shengzhe was also quite famous, compared to Li Dong, they were not on the same level.
…
With the announcement from Far Away, not only Vanke was relieved, but many giants in other fields were also relieved.
Far Away had chosen to give up the real estate business after six years of expansion. This meant that Far Away had entered a consolidation period.
Far Away would not enter other fields in a short period of time.
Otherwise, this would have been a good opportunity for Far Away to expand into the real estate industry.
Far Away had even given up on the real estate industry. All the giants in other fields could feel that Far Away's expansion had temporarily stopped.
…
A simple change in personnel had reduced the psychological shadow in the hearts of the giants in the business world. It could be seen how much influence Li Dong had on the business world of Hua Xia.
Even Du Anmin, who was far away in Beijing, called Li Dong when he received the news.
The father-in-law and son-in-law communicated for more than half an hour. Even Du Anmin could not help but sigh, "To be able to make a choice at this moment, one must have great perseverance. For others, taking a step back was often an act of helplessness. But this step of yours is a good one. If we take this step back, the sea will be wide open and the sky will be free for the birds to fly. "
At this time, Fang Yuan had the strength to swallow up Vanke and even Dragon Floret.
Once these two companies were swallowed up, Far Away would also become the overlord in the real estate industry.
But if this was really the case, it would inevitably arouse the vigilance of other fields. Far Away's ambition was too great.
Not only the various leading companies, but even the government would have to impose some restrictions.
It was fine for a company to become big and monopolize some non-regulated fields.
But if Far Away continued to swallow up other fields, the four major industries of clothing, food, housing, and transportation might be monopolized. This was no small matter.
Now that Far Away had given up on expanding in the real estate industry, this move could instantly reduce the number of competitors and enemies for Far Away.
It was a good thing for such a giant to focus on the retail industry.
As long as Far Away did not infringe on their interests, no company or individual would want to offend Far Away.
Li Dong had offended quite a number of people over the years, but most of them were concentrated in the retail and IT industries.
Now, almost all the competitors in the retail industry had been eliminated by him. Among the giants in the IT industry, these rising giants did not have a strong foundation. Not to mention that they had few enemies, even if they did, Far Away did not have to fear them.
Far Away chose to take a step back at this time, and a lot of the hostility would dissipate. They would even take the initiative to express their friendship to Far Away.
Not only in the business world, but in other fields as well.
Some industrial companies did not have a strong background behind them. Far Away was bound to offend a lot of people by invading other fields because Far Away had infringed on their interests.
Now that Far Away chose to focus on the retail industry, some people would even take the initiative to give up some of their previous interests and no longer delay the progress of Far Away.
To prevent Far Away from suffering a setback in the retail industry and move to other fields.
Flat land.
As Li Dong walked towards the conference room, he smiled and said, "Dad, bullying the weak and fearing the strong is an unchanging truth since ancient times. A few years ago, I could not take a step back, nor could I. At that time, my strength had not reached its peak. Once I took a step back, it would be easy for me to be surrounded and torn apart Far Away. Now that I stand in the perspective of the strongest, taking a step back would have a completely different meaning. It's just that I don't know if there will be some unexpected gains if I take a step back. "
Du Anmin could not help but laugh. "Are you aiming for a hundred companies or Suning?"
"Suning."
Li Dong smiled and said, "I don't need a hundred companies. It's even messier than Far Away. Although Huachuang is also a group formed by continuous integration, the past few presidents of Huachuang have been constantly integrating other companies. Hundred companies are different, messy and disorderly, forcibly combining several major groups together. In fact, several major groups are still several major groups. From this point of view, Hundred's leaders are not as good as Huachuang. Far Away doesn't need to increase the burden, but Suning is good … "
Du Anmin laughed and said, "Suning is a private enterprise, so you can only rely on yourself. But I suggest you stay in Suning.
A company that has no competitors will die sooner or later due to internal troubles.
Far Away is actually a good thing for Suning, Hundred, and Ali to impose restrictions on home appliances, department stores, and online retail respectively.
Their competitiveness isn't too strong, but it will still give a certain amount of pressure to Far Away, so as not to let Far Away completely lose control.
Leaving behind an appropriate number of opponents was beneficial to Faraway Country.
Moreover, the topic of Far Away's monopoly has been mentioned again recently. Keeping these few companies can also reduce some pressure for Far Away. "
Hundred, Suning, these large groups still exist. Far Away can be said to have a monopoly, and Far Away can completely push these few companies out.
But once even these two companies are eliminated Far Away, then Far Away can't find an excuse.
Li Dong pondered for a moment and nodded slightly. "Maybe what you said is right. Hundred's competitiveness isn't strong. As for Suning, Far Away's development space is cut off, and their competitiveness is also average. Far Away's normal development, they don't pose any threat to us. On the contrary, if Far Away has a big problem, even without them, they will be defeated by the rising companies. It might be more suitable to keep these two companies. "
"It's good that you know what you're doing. As for Gao Xin …" Du Anmin originally wanted to say a few words, but in the end, he didn't say it. He just didn't know whether to laugh or cry. "It's not necessarily a good thing that you got rid of all the foreign retail companies."
There were very few foreign retail companies left in Hua Xia.
Only Wal-Mart was still holding on.
Others such as Carrefour, Tesco, Metro … including now Auchan, were about to completely withdraw from Hua Xia.
Far Away was so domineering. It would probably be troublesome for them to expand around the world.
Li Dong didn't mind and said with a smile, "Even if we don't defeat them, the effect will be the same. Actually, it's still fine. After all, the retail business isn't a high-tech industry. The rejection of retail companies around the world isn't that high. This is also an advantage for Far Away. "
Du Anmin didn't say anything else. The two communicated for a while and ended the call.
…
Li Dong also entered the conference room at this moment.
In the conference room, the CEOs of the major allied companies were gathered.
During the cross-share exchange, these companies had exchanged shares with Far Away.
Other than these people, the independent shareholder Hsu Shengzhe was also present. Sun Tao didn't come. He was still on his honeymoon.
Other than the retail group's shareholders, there was also a representative from Tencent.
Currently, Tencent still held 10% of Far Away Mall's shares. Although they were all under Far Away, Tencent was a listed company and maintained a high degree of independence. This was a major event that concerned the shareholders' interests, so naturally, they had to participate.
As soon as Li Dong entered the room, everyone stood up to greet him.
Even Hsu Shengzhe, who usually joked around with Li Dong, became serious at this moment. He smiled and nodded at Li Dong.
As the most famous and powerful entrepreneur in China, it was necessary for him to be treated with respect.
Li Dong also exchanged a few pleasantries with everyone. After a while, he sat down and said, "Everyone should know the purpose of this meeting. Far Away's retail listing should be known by everyone. Before it goes public, I hope that the retail group will go public in the strongest and most complete form. Now, retail is not only a problem offline, but also online. In fact, the proportion of online is getting more and more important. Everyone should have seen this. "
Everyone nodded. As the strongest in the alliance, Yintai, Shen Guojun was currently the representative chosen by the various families.
After Li Dong finished speaking, Shen Guojun smiled and continued, "General Manager Li, we all understand this.
As a shareholder of Far Away Retail, we also hope that Far Away Retail will become stronger and more complete.
Previously, you proposed the integration of online and offline. Everyone saw the results of the previous Double 11.
There was no doubt that the online development was fast.
But the importance of the offline aspect was also self-evident.
This time, Far Away E-Commerce's integration into the retail group, we all support it. Only by combining the two can the retail group's interests be maximized.
But in the previous meeting with Mr. Tan, Mr. Tan is looking forward to Far Away E-Commerce a little too much.
There will be a bottleneck period in any industry.
Although it is a period of rapid development for e-commerce now, this growth rate will not be maintained for many years. Eventually, it will reach a plateau.
Online and offline will reach a delicate balance, and the two will enter a state of coordinated development … "
After all, Shen Guojun was the head of Yintai. His insight and knowledge were not weak, and some of the things he said were also very pertinent.
Many people saw the speed of development of Far Away E-Commerce and felt that it could replace the offline system. But in fact, Li Dong and his group knew that it was impossible.
There was definitely a bottleneck period, and according to the current speed of development, it would not be too far away. It would probably enter this stage in three to five years.
At this time, Tan Haiying's overly high expectations for e-commerce was also unacceptable to this group of people.
Li Dong was also not vague. He waited for him to finish and said directly, "We don't need to hire any evaluation agency. Far Away E-Commerce's situation, everyone understands.
Everyone has also obtained all the financial data from the e-commerce company.
Far Away E-Commerce has also settled all kinds of debt relationships. Today, Far Away E-Commerce is clean, and there are no third-party debt entanglements.
In order to complete the integration as soon as possible and let the retail group go public, if everyone can accept it, then let's do it quickly.
Of course, there is no need to mention the 70 billion that everyone mentioned before.
Before that, Mr. Chen, can you briefly talk about the current situation of Far Away Retail? "
Chen Lang coughed lightly, looked at everyone and said, "Currently, Far Away Retail includes Far Away Department Stores, Far Away Home Appliances Company, Far Away Real Estate Company … The total assets of the group, after the completion of the acquisition of various companies, have reached as high as 620 billion."
Everyone's eyes flickered. They hadn't gotten their hands on the complete statistical data yet.
So far away had been too busy recently, and the acquisition plan had yet to be completed.
But even so, the total assets of 620 billion still shocked many people.
So far away, the total retail assets were less than 200 billion yuan a year ago, and it was growing several times a year. It was terrifying.
Of course, everyone knew that this was related to the previous financing.
The total assets included the money from the financing, as well as intangible assets. Far away brand value, patents, and trademarks were all included.
Far away's brand had experienced a huge increase in value this year.
Total assets were total assets. If there were too many liabilities, having a high total assets was not necessarily a good thing.
Chen Lang paused for a moment before continuing, "As for the group's debt, after deducting the 300 billion previously financed, it is currently 98 billion …"
When the data came out, many people had a toothache.
The total assets were rising by leaps and bounds, and the debt was frightening enough.
ABS financing was generally not included in liabilities, but it was obviously included at this time.
In other words, Far away Retail, which had 620 billion in assets, had a debt as high as 398 billion!
A debt ratio as high as 64% was considered extremely rare among retail groups.
In other words, Far away Retail might seem to be expanding rapidly, but the real increase in value was not that big.
Of course, this was not that big.
So far away's value was said to be 100 billion when the various companies joined before the New Year. In fact, it was worth considering whether or not there was 100 billion at that time.
So far away's retail value was as high as 220 billion yuan in less than a year. This increase was unbelievable.
So far away's offline revenue was very high this year, but the profits of those companies that they had just acquired were not from Far away. Those profits belonged to others. When they acquired them previously, they bought them from Far away.
So far away's offline business had a revenue of more than 300 billion yuan this year, and it was less than 400 billion yuan.
So far away's profit margin was not that high. Just looking at the profits alone, the increase of 20 billion yuan was extremely high.
So far away's fixed assets had increased quite a bit. Some of the properties that they had acquired previously were not worth much at the beginning of 2009, but now they had increased by more than 20%.
So far away's intangible assets had increased the most.
Although intangible assets were not included in the net assets, the company's valuation was still included.
So far away Retail was known as the overlord of Hua Xia's retail industry at the beginning of the year. But at that time, there was not much difference between them and companies like Suning and Bailian.
But when So far away defeated the other companies and dominated the Hua Xia's retail industry, it was completely different.
So far away Retail alone was worth tens of billions, and this was because the retail industry was weak.
Now, the top ten companies on the brand value list were worth hundreds of billions, and the lowest were worth tens of billions.
So far away's side gave So far away a value of 222 billion after some conversion, which was not considered low.
Shen Guojun and the others did not have any objections. So far away's retail value was higher now, and it was more beneficial for them.
This was different from before. When they invested in So far away, So far away's retail value was overvalued, and that was their loss. Now, So far away's retail value was overvalued, and they were the ones benefiting.
222 billion. No one had any objections. Tencent and So Far Away Mall's people did not speak either. Whether they should refute or not, they would have to wait for the group to estimate the value of So Far Away Mall.
As for how much So Far Away Mall was worth, even Tan Haiying did not know.
Although there were a series of calculations for the value of the online industry, Li Dong had never respected these. Tan Haiying had given Li Dong a report, but Tan Haiying did not have much hope that Li Dong would discuss this with the others.
Boss was used to making big decisions, and in order to complete the integration as soon as possible, he should not be too concerned about this.
Thinking of this, everyone looked at Li Dong, waiting for him to speak again.
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