There were no shocking words.
It was a simple opening speech mixed with Cantonese Mandarin, but it made everyone's blood surge.
The old man said slowly, "It is my honor to receive you today. The entire Changjiang Group is honored by your presence."
There was a thunderous applause in the room. Everyone was so excited that their faces were red.
There was no other reason than excitement.
In everyone's eyes, the old man's words were very generous.
The total market value of the 35 CEOs present would probably not exceed that of Changjiang Group even if they were all added up.
The two sides were not on the same level at all, but the old man still gave them face. How could they not be excited?
Li Dong applauded and looked around at the crowd.
Seeing that everyone seemed to be on a pilgrimage as they stared at that person without blinking, he suddenly felt that it was a little boring.
It was not because he was jealous, nor was it because he felt that everyone should not be excited.
But at this moment, Li Dong just felt a little bored. Maybe someone in the future had broken the old man's myth, or maybe it was because of the different trends on the Internet that made Li Dong less pious than others.
It was just an opening speech, just a polite greeting. Was there a need to be so excited?
Maybe he underestimated the status of the richest man in this era in everyone's hearts. The applause lasted for a long time.
It was not until the old man pressed his hand that everyone stopped.
After the opening speech, the old man continued with a smile, "You are all outstanding entrepreneurs in the mainland. I should learn from you. Today, we're just having a simple chat. We'll talk while we eat, and we'll talk about our daily lives. "
Everyone nodded and obediently picked up their bowls and chopsticks to eat.
After a while, someone couldn't help but ask. Ren Hongbing, who was sitting at the first table, asked, "Mr. Li, what do you think of domestic enterprises going global?"
Li Dong slowly put down his bowl and chopsticks, thought for a moment, and said, "There is no response to anti-dumping in the country, but it will be a big problem in the future. Many European countries have high unemployment rates. If Hua Xia's goods are sold at low prices there, the jobs of the local people will be affected. It is a matter of time before they resent us. Domestic enterprises should think of a way themselves. There are ways, but domestic manufacturing makes very little money now. The money is taken by the middlemen. There are many opportunities for Hua Xia's enterprises, but to be a successful multinational enterprise, you have to rely on yourself to establish your own market. Not long after I started my business in the 50s, I directly found the foreign market and got rid of the agent. Now, there are not many domestic enterprises that have their own market. It is worth thinking about. "
Everyone hurriedly nodded and digested the old man's advice. Following that, another old man at Table 1 asked, "Mr. Li, what's the difference between the economic environment overseas and here?"
"There are too many opportunities in Hua Xia. There are gold mines everywhere. Hua Xia entrepreneurs should seize these opportunities. As for overseas …"
Mogul Li briefly talked about the economic environment of other countries. Everyone nodded silently after listening to the comparison.
Was the domestic economic environment good?
Many people complained that the domestic economic environment was not as good as overseas, and that businessmen were greatly restricted. In fact, when you really went overseas, you would understand that the moon in foreign countries was not as round as the moon in China.
As there were too many people, it was impossible for everyone to have a chance to ask questions.
The few CEOs at table number one asked two more questions. Time was up.
Mogul Li greeted the people at table number one and walked over to table number two.
Xiang Bing, the academy's professor, and a few assistants hurriedly moved over. The people at table number one straightened their heads, as if they wanted to ask more questions.
Li Dong and the others hurriedly stood up to welcome the old man. When the old man sat down, Wu Yajun was about to ask something when someone beside her suddenly said excitedly, "Mr. Li, we all admire you very much. Whether it is in business or family, you have two sons, and I also have two sons. How do you manage them? "
Mogul Li thought for a moment and said, "We should let our children suffer some hardships and let them know how the poor live."
Everyone hurriedly nodded, but Li Dong curled his lips and did not say anything.
Mogul Li seemed to have seen this scene and said with some interest, "Li Dong, you don't agree?"
Everyone hurriedly turned their eyes to Li Dong, as if they could not believe that this guy actually had a different opinion.
Li Dong did not look at anyone else. When he heard the old man's question, he smiled and said, "Maybe I don't feel it deeply. After all, I don't have children. But I also suffered a lot when I was young. At that time, my biggest wish was that my children could receive the best education and live the best life. I don't have much of an opinion if you want to let your children suffer a little. However, I don't think suffering is the goal. If we can achieve this goal without suffering, then there's no need to suffer. "
Mogul Li did not refute. He nodded slightly and said with a smile, "That makes sense. When you have children, you can give it a try. A few years later, I hope I have this opportunity to see your children grow into outstanding talents like you. "
Li Dong hurriedly said, "Thank you for your auspicious words."
Originally, Li Dong did not intend to ask questions, but since it was said, Li Dong did not mind asking more.
After thinking for a moment, Li Dong asked, "Chairman Li, do you have any understanding of Far away?"
Mogul Li smiled and said, "I know a thing or two."
"Then can you tell me what the biggest drawback of Far away is?"
Li Dong was looking forward to it. He had actually asked this question to many people, but the answers they gave were not what he wanted.
For example, the lack of funds, the lack of talent, these were actually not the fundamental problems.
If he really wanted money, Li Dong could casually split a few industries and go public. It would not be difficult to raise funds.
Mogul Li might not know much about Far away, but Li Dong still wanted to see if this Chinese business legend could give a different answer.
Mogul Li did not reply perfunctorily or shake his head as Li Dong imagined. After pondering for a moment, he said, "The layout of downstream industries is not enough."
"Downstream industries …"
Li Dong pondered. Mogul Li nodded and said, "Because Mr. Fang and I are also friends. When you bought Time, we talked privately about Far Away."
Li Dong was suddenly surprised and said, "Mr. Fang told you about me?"
Mr. Fang was naturally the original owner of Time, Fang Keng. This person's status in Hong Kong was not low, so it was not surprising that he knew Li Dong.
However, Li Dong did not expect that the two had actually talked about him.
Mogul Li smiled and said, "You are too young. There will always be people paying attention to you."
After a simple sentence, the old man returned to the topic and said, "Faraway Supermarket, you are doing very well now. But the supermarket is not only a place to provide stores to store goods, but also a connecting point of industries. Far away, your Faraway Supermarket's own brand building and the construction of downstream additional industries have not kept up. This has also caused your foundation to be superficial and your core competitiveness to be low. Once there is an impact, industries like yours are the most likely to become victims. If you really want Faraway Supermarket to go out, you need not only to expand the number of stores, but also many things need to be improved step by step. "
Li Dong understood the meaning of this, and his eyes flickered slightly. He said, "Chairman Li, do you mean that we lack a complete industrial chain layout? For example, food, clothing, vegetable gardens, these should be prepared and provided by ourselves? "
"Not completely, but I hope you can get rid of the current predicament. You are too dependent on the channels."
Li Dong pondered for a while, then nodded and said, "Thank you for your advice, Chairman Li!"
This was not only true for the supermarket, but also for other industries far away.
As for the real estate company, the supporting property and construction companies could not keep up with the pace, which caused the low efficiency of Dongyu Real Estate and the outflow of profits.
Li Dong had also considered the layout of these downstream industries before, but he did not pay too much attention to it.
When Mogul Li solemnly said that he should pay attention to this point, Li Dong immediately realized that he was a little careless.
Although Changjiang Group was best known for real estate, they were also engaged in retail, which was also in line with international standards.
Since Mogul Li said that his core competitiveness was low, it was certainly not without purpose.
Li Dong breathed a sigh of relief. Today, not to mention anything else, just these few words alone made him come here in vain.
He almost did not listen to what everyone talked about next.
It was not until Wu Yajun next to him asked a question that Li Dong came back to his senses and listened for a while.
Wu Yajun did not ask about himself, but about Green Osmanthus Garden.
Green Osmanthus Garden was currently in Hong Kong for an IPO, and it would be listed in a few days.
The reason why she asked about Green Osmanthus Garden was not because it was going to be listed now, but because the listing of Green Osmanthus Garden gave other real estate companies an opportunity.
Hot!
Very, very hot!
Countless people chased after it, and countless people waved money, waiting to enter the game.
This was the current situation in Hong Kong. From the current point of view, once Green Osmanthus Garden was listed, it was very likely to become the largest real estate company in the mainland.
Of course, this was just the market value.
The strength of Green Osmanthus Garden in China had not reached this level. Even Wu Yajun felt that her own Longhu could be touched.
At this time, Green Osmanthus Garden's IPO had caused such a hot situation, of course, she was a little more careful.
Hearing her question, Li Dong pondered for a moment and said, "I've heard a little about the hot market. Someone even approached me before, hoping that I could join them, but I refused."
Wu Yajun hurriedly said, "Why? Don't you think it's good? "
"I've always believed in one idea: When everyone rushes in, come out quickly, and rush in when everyone stops playing."
"Now that Green Osmanthus Garden is hot, and there are countless followers, if I enter at this time, first of all, the benefits will not be maximized, but once something unexpected happens, the loss will be maximized."
"Under the same conditions, investing in Green Osmanthus Garden at this time is not the best choice."
While speaking, Li Dong thought for a moment and said, "In addition, the risk is too high, and the hype is a little too much. I've also read their prospectus. At the end of 2006, their net assets were less than HK $1 billion. Now, only the over-allotment of shares can raise about HK $15 billion, which is equivalent to 10 times their net assets at the end of last year. The most important reason why investors are optimistic about Green Osmanthus Garden is that it can buy land at a low price. Their prospectus shows that the cost of land is less than 10% of the total cost. Many people think that this is an advantage, but in fact, I think it is a disadvantage. Many companies in the real estate industry here know what they are putting their hopes on. Once the situation changes, the risk is too high. "
Wu Yajun, Li Dong, and a few other bosses in the real estate industry nodded. The cost of land is less than 10% of the total cost. What does this mean?
Li Dong's Dong Yu Real Estate's land is the biggest factor.
It accounts for more than 60% of the total cost. On one hand, it shows that Dong Yu Real Estate is spending too much in this area, and the team management and cost control are not in place.
On the other hand, it shows that Dong Yu Real Estate is proper and stable.
Not exceeding 10% of the cost of land is sometimes not an advantage, as they are too reliant on external forces.
Once there is a change, it will be a bolt from the blue.
Also, buying land at a low price is not a long-term solution. You can buy land at a low price in Guangdong Province, but it does not mean you can do the same outside.
Even if you can earn a lot of money from a small piece of land, your future prospects are not good.
Everyone, whether they are in the real estate industry or not, is thoughtful at this time.
Li Dong did not dwell on this topic, and Xiang Bing, who followed him, said with a smile, "This is just an internal case analysis in our course. Try not to spread it."
Green Osmanthus Garden will be listed in a few days. At this time, if it is said that Li Dong is not optimistic about it, it will not be fun.
Although Li Dong himself does not care, once it is spread, it will attract enemies for no reason.
This enemy is not only Green Osmanthus Garden, but also many capital tycoons in Hong Kong.
The reason why Green Osmanthus Garden is so popular now is not unrelated to those people.
Once it goes public and does not meet expectations, the loss may reach tens of billions of yuan. Such a big loss, how can people not bear it?
Everyone nodded quickly, but Li Dong said with a smile, "There is no need to do this. Relax and chat a little. Don't you even let us talk?"
Xiang Bing gave a hollow laugh and did not say anything.
When other entrepreneurs began to ask questions, everyone bypassed this topic.
Ten minutes later, Li Dong went to the next table.
Wu Yajun approached Li Dong and whispered, "Dongzi, what do you think?"
"What?" Li Dong was puzzled.
"I was thinking about the listing of Green Osmanthus Garden. Once Green Osmanthus Garden succeeds, Longhu will also start to plan to go public. But now Mr. Li said … "
Wu Yajun was a little depressed and said, "This makes me a little worried."
Li Dong said with a faint smile, "Mr. Li himself said that this is just his opinion. Of course, in my opinion, it is better to be stable in the next two years. Longhu has just started to expand, and you are not too short of money now, so financing is not too necessary. In two years, it will be more stable. "
Wu Yajun sighed and said, "That is the only way. As for you saying that you are not short of money, that is nonsense. In our industry, who would say that they have too much money? By the way, Dongzi, has your Dongyu Real Estate ever thought about splitting it up and listing it? "
"There's no hurry."
Li Dong shook his head and said, "Dongyu Real Estate is just a shell now. There's nothing substantial about it. Besides, our land reserves are too small. Even if we go on the market, it won't necessarily be popular. "
"What about Faraway Supermarket?" Wu Yajun continued, "You have issued bonds before. Obviously, you lack development funds. At this time, I think Faraway Supermarket can be split up and listed. According to the current market, it shouldn't be difficult to raise 10 billion yuan. "
"Let's wait and see. Faraway's layout hasn't been completely completed yet. Going public now and pushing Distance under everyone's noses isn't in line with my expectations. "
Wu Yajun couldn't help but laugh, "Outsiders say that you're a Taotie who can only enter but not leave. Sure enough, it's not wrong. In the end, it's still you who wants to eat alone. But it's hard to eat alone. Dongzi, it's enough. You're now competing with yourself, aren't you tired? "
While drinking red wine, Li Dong said with a faint smile, "Whether I'm a Taotie or not, let them say it. As for competing, that's not it. It's just that I have my own plans. Now is not the time to go public. "
"Then I won't say anything more. But this time, Old Yang from Green Osmanthus Garden really made a fortune. In the past few days, I've been paying attention. Many people in Hong Kong are talking about their listing. This time, they can raise at least 10 billion yuan. Then, Old Yang will have money to buy more land. "
Wu Yajun looked envious, and so did Li Dong.
Although Green Osmanthus Garden was much stronger than Dongyu Real Estate at this time, it was not necessarily comparable to Dongyu Real Estate in terms of net assets.
Dongyu Real Estate had too much land hoarding, but its debt was also terrible.
As a result, a simple listing easily raised tens of billions of yuan for development.
It was not like Li Dong, who was exhausted for 3 billion yuan of bonds.
This year, not only was the real estate industry hot, but in fact, the retail industry was also very hot.
In 2007, a large number of chain companies were listed in Hong Kong, with financing ranging from a few hundred million yuan to billions of yuan. At this time, everyone was very enthusiastic.
Of course, Li Dong also knew that this was just a temporary false prosperity.
When the financial crisis of 2008 came, the market value of these companies would shrink significantly.
At that time, the impact of unlisted companies would be much smaller than that of listed companies. It could only be said that each had its own advantages and disadvantages.
While the two were chatting, time passed little by little.
Everyone asked a lot of questions. The meal lasted more than an hour, but in fact, the real time of eating was less than half. The rest of the time was spent asking questions to Li Dong.
Mogul Li was also very patient. He answered and explained to them one by one.
At the end of the meal, everyone was satisfied and felt that they had gained a lot.
Before the end of the meal, there was another wave of enthusiasm.
Photos!
First a group photo, then an individual photo.
Everyone took a photo with Mogul Li, and finally, under the enthusiastic farewell of Mogul Li, they reluctantly entered the elevator.
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