In the blink of an eye, it was August 18th.
On this day, Faraway Group held a celebration.
It was the group's first anniversary, and Faraway Group had made remarkable achievements in this year. Of course, it was necessary to celebrate.
The Jiangbei provincial government also specially sent people to celebrate Faraway Group. Other groups and companies that had good relations with Faraway Group also sent people to congratulate them.
Auditorium.
The performance was going on on stage, but Li Dong had no time to watch.
After dealing with the provincial government secretary, he was caught by Hsu Shengzhe.
Hsu Shengzhe said with dissatisfaction, "It's fine that you went to Longhua Square yesterday. You really don't treat yourself as an outsider. Who asked you to chase people away?"
Li Dong said disapprovingly, "Anyway, it will be our territory soon. If I say I will chase people away, I will."
"I haven't agreed to be here yet!"
"It's all the same. If you don't answer, I will not be responsible for chasing people away. If you agree, do it as soon as possible. I have a lot of things to do. I don't have time to argue with you. "
"Damn!"
Hsu Shengzhe scolded. After a while, he said, "1.2 billion is still too low …"
"Talking about money hurts relationships. If you talk about money again, there will be nothing left to talk about. You are in more need of money than me now. It's just a mall. It's good enough that I am willing to take over. Longhua should continue to develop your residential real estate. You can't do commercial real estate. Don't look at me. I can't change these things even if you look at me. Your residential real estate is actually doing well. Why do you want to get involved in this mess? Just look at your management. If it weren't for us Far Away, Longhua Square's operation would be terrible. "
Hsu Shengzhe coughed and said, "It's not that bad, right?"
"It's that bad. Three years have passed, and Longhua Square is getting worse day by day. You should reflect on yourself. That's all I have to say. Are you selling or not? I'm really busy. "
"Come on, what's the use of pretending to be busy with me? If you don't care about it, why are you in such a hurry to go to the mall? To be honest, 1.2 billion is really a loss for me. If it wasn't because I had no other choice, I definitely wouldn't have agreed … "
Li Dong automatically filtered this out and continued, "Then do it as soon as possible. Every day delayed is a waste of money. I'll get Dongyu to discuss the details with you later. I want to change the square's name before September, so don't delay it. "
The corner of Hsu Shengzhe's mouth twitched. This guy was really impolite!
However, when he thought of Su 'an New City, Hsu Shengzhe gritted his teeth and said, "Alright, let's do it as soon as possible!"
"Don't look at me like that. How much did you earn from a mall? Three times the profit, where else could he find such a good thing? Why don't you try selling it to someone else? "
Hsu Shengzhe snorted and was too lazy to respond.
However, he was indeed very happy. When they first invested in Longhua Square, they did not expect to make such a huge profit.
It had only been a few years, and they might not be able to make three times the profit, but they had at least doubled it.
This investment was indeed a huge profit. Of course, this was also because of Hsu Shengzhe's wisdom. If he did not insist on maintaining full ownership of the business and sold some of the shops according to the group's original plan, there would not be such a huge profit margin now.
With just a few words, the two of them settled this matter.
At Li Dong's level, most of the time, things were just that easy.
The general direction was enough, and they did not need to worry about the details. Someone would naturally take care of it.
After talking about the mall, Hsu Shengzhe asked again, "Oh, how's the mall's promotion going?"
"Why are you asking this?" Li Dong said warily, "Are you thinking of getting involved too? But let me remind you, you are too late now. Be careful not to lose all your money."
Hsu Shengzhe frowned. "I'm just asking. Is it useful for you to guard against me?"
"It's not that I'm guarding against you. It's just that you are used to following the trend. Whatever I do, you want to do it. I'm very annoyed, and I have to dispel your thoughts in advance."
"Get lost. Who's following you?"
"Don't deny it. I am doing retail, and you want to do retail. I am trading stocks, and you want to follow me. I am doing e-commerce, and you want to do e-commerce. You can't hide these from me. If it wasn't for your father not agreeing, you would have followed behind me long ago. I say, it's useless for you to follow me. If you learn from me, you will die a horrible death. "
Hsu Shengzhe looked at Dong Xuebing's smug face and said angrily, "Who's learning from you? You should be learning from me! Your Dong Yu Real Estate is copying our model, and you still dare to criticize me? I'm just asking about the mall's situation. Why are you thinking so much?! "
Li Dong laughed and did not continue to attack Dong Xuebing. He changed the topic. "The mall lost about 500 million this month."
"What?"
Hsu Shengzhe said in disbelief, "Really?"
"Why would I lie to you? It's true. The mall lost about 200 million, and the logistics department spent about 100 million. Including the marketing, it's about 500 million. That's why I advise you not to think about it. This is a money-burning industry. You won't be able to do it. "
Li Dong did not lie this time. He had indeed lost about 500 million in a month.
The only gain was that Far Away Mall's reputation had increased by a lot, and the number of registered users had reached 50 million. It had further closed the gap with Taobao.
In addition, the number of brands and merchants had doubled compared to before the event. Although there was no profit to be made from these, they were the foundation of the mall's operations.
Another benefit was the training of the logistics system. Far Away Logistics, which had just been established, had entered the right state after this baptism.
Just the logistics department alone had spent more than 100 million. If this news were to spread, the other logistics companies would probably die of laughter.
How could a company lose more than 100 million in a single event? They really did not know how to operate.
Li Dong did not mind. There were benefits to losing money. The most direct point was that he had gained practical experience.
In the past, he was a newbie in the logistics industry. After this event, it was not an exaggeration to say that he was a veteran.
There was no time to nurture him slowly. Far Away could only choose to use this money-burning method to speed up.
After a month of activities, they had lost a large sum in name. Overall, Li Dong felt that he had made a profit.
Of course, to someone like Hsu Shengzhe who did not have much experience in e-commerce, losing 500 million in a month was a nightmare.
He had thought about this before, but now, Hsu Shengzhe felt a little guilty.
This was too money-burning. If Li Dong continued to play like this, even Longhua would not be able to afford it.
Hsu Shengzhe exhaled and asked softly, "You are still insisting on doing e-commerce when you are incurring such a huge loss? Is it really possible?"
"There are still profits. Just look at Ali. He had been burning money for the past few years. This is how it is in the internet industry.
Baidu and other companies do not have high net profits. Compared to real estate and other physical industries, they are far from it.
But they have the reputation of being a high-tech company, and they can beat you to a pulp.
Baidu's profits are higher than Longhua's.
But look at their share prices now. This month, it had exceeded 450 USD per share. In terms of assets, Longhua, including Far Away, is losing.
It's the same for other internet companies. Don't look at their profits. Just look at their market value. Many companies are worth more than us.
'When I run out of money one day, I'll put Distance Mall on the market and make a few billion dollars like a game.'
If I am lucky, I can even make a few billion. Now, you know why I want to burn money? "
Hsu Shengzhe could not understand Dong Xuebing and frowned. "You didn't say anything just now. Why are you saying it so clearly now?"
"You don't need me to say it. You will know if you pay attention to it. But the internet can make money, but it doesn't mean everyone can make money. I have the confidence to do so. You don't know anything, and you are obviously incurring losses. I am not afraid to tell you. "
Hsu Shengzhe gave Dong Xuebing the middle finger. This guy is always asking for a beating.
But Hsu Shengzhe remembered something and asked in surprise. "Baidu's shares are above 450 USD now? You bought a lot of shares in the past. "
"Not a lot. Only 300,000 shares. I sold a lot in the past." Li Dong said proudly. "That's only 135 million USD. It's just 1 billion RMB. It's not a big increase."
Xu Shengzhe's face was filled with black lines. This guy's dog shit luck was too good!
1 billion RMB!
It was not a secret how much Li Dong invested in Baidu in the past.
At that time, Li Dong's investment in Baidu's shares had a huge impact Far Away. Many suppliers even came to him to collect their debts.
In the end, Dong Xuebing sold a portion of his shares and recovered his capital.
Now, the value of his shares had exceeded 1 billion RMB.
Hsu Shengzhe took a deep breath and asked, "Are you going to make a move?"
"No. Let's wait and see."
Hsu Shengzhe was deep in thought. If Dong Xuebing is not going to make a move, it means that there is still room for growth.
Hsu Shengzhe was good at doing business, but he was not familiar with the internet. This was related to the environment he grew up in.
But he was good at reading people. Li Dong seldom made losses. Looks like he will try to buy a batch of Baidu's shares. He should be able to make money.
Li Dong knew what Hsu Shengzhe was thinking, but he did not mind.
Anyway, it wasn't his own money. If Xu Shengzhe wanted to buy it, he would buy it. Whether he could buy it or not, if he could buy it, Xu Shengzhe would be able to thank him for it.
Of course, if Dong Xuebing buys the shares now, the profits will not be high, and it will depend on Hsu Shengzhe.
After a few years, Baidu's share price could double. In 2011, Baidu's share price was more than 1,400 USD, and Xu Shengzhe had made a lot of money.
After that, Dong Xuebing and Dong Xuebing did not talk about business and started to watch the performance.
Far away was a new company, and there were lots of pretty girls, especially the real estate companies and supermarkets.
The Chairman of the company was watching the performance, and there were also many tycoons. Those pretty girls were trying their best to win a smile.
After the performance, Li Dong had a celebratory dinner with everyone, and it was almost 10 pm when he returned to the Provincial Party Committee.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
