Tai Hua Supermarket Group had expanded rapidly and successfully entered the 100 billion USD club.
This is a huge gap. For example, Tesco, Metro, Holland Supermarkets, etc., their annual sales are around 50 billion USD. Carrefour's sales last year is around 70 billion USD, and Walmart's sales last year is more than 370 billion USD.
This was also why Wal-Mart was known as the world's number one retail giant, and the gap between it and other retail groups was not small.
Of course, in the US, there are more than 10 supermarket chains with sales of more than 30 billion USD. Many supermarket chains' sales in a certain state are more than Walmart. But when all of them are combined, they are no match for Walmart. The combined sales of the other 9 supermarket chains are almost the same as Walmart.
Furthermore, Walmart is not only in the US. Walmart has branches in Canada and more than a dozen countries around the world. The Walton Family is one of the top families in the retail industry.
There are many supermarket chains with sales of more than 30 billion USD in the US. Have they never thought of joining forces?
Feng Yu had thought about it. Two companies could form an alliance, but if three to five companies formed an alliance, then everyone's shares would be severely diluted. Who would be the chairman and CEO?
Only power can protect their interests, and none of them wants to lose their power. That's why those supermarket chains had not merged and are not willing to join forces to fight against Walmart.
In many retail tycoons' minds, Walmart is the untouchable peak. Unless Walmart tries to do something stupid, Walmart will always be the world's top retailer. No other retail company can surpass them.
This is also the reason why Walmart is in the top 3 of the Fortune 500 companies. Any company would want to cooperate with a retail giant like Wal-Mart.
Even the world's top beverage company, Coca-Cola, will experience a drop in sales if Walmart stops selling Coca-Cola's products.
Wal-Mart also decides the retail prices of many products. As long as there is a Wal-Mart in the area, no other retail company can sell their products at a lower price than Wal-Mart. Even if a product was not advertised, once it entered Wal-Mart, its sales would skyrocket.
This is the trust people have for Walmart, and it also proves Walmart's brand value.
Walmart's global presence is suppressing the rise of other supermarket chains. Even in Europe, where supermarkets first appeared, no supermarket chain can compete with Walmart.
Walmart had wanted to enter Hua Xia market in the past. A market with a population of more than 1.3 billion has a high population density.
Unfortunately, when they first investigated, they found that Hua Xia's economic situation was too poor, and people did not have the habit of going to big supermarkets to shop.
While they were still trying, they noticed a supermarket chain rising. This was Tai Hua Supermarket Corporation.
The business model of this supermarket was similar to that of Wal-Mart, Carrefour, and other global supermarket giants. The management was not backward at all, and the expansion speed was very fast.
It was not easy for Wal-Mart to find a location, and Tai Hua Hypermarket appeared at that location. Even when they had just started to explore this city, Tai Hua Hypermarket appeared in the city.
There were even a few times when they were close to signing the contract, but the local government suddenly stopped signing the contract. They said that they had introduced a retail group, and that the other party's investment scale was much larger than Walmart's, and the conditions they offered were more generous.
For example, he promised to pay a certain amount of taxes, promised to hire a certain number of locals, and even promised to donate to the local roads. This was simply like doing charity.
From Wal-Mart's point of view, this was a loss. Although it is said that once the supermarket becomes bigger, the cost will be lowered and the supermarket will be able to make profits.
However, the initial investment for the supermarket was not small, and the capital required was not low. Furthermore, Wal-Mart was not renting the shopping malls. They were buying and even building the malls themselves.
Tai Hua Supermarket Corporation's rapid expansion had attracted the attention of Wal-Mart and other giants. At first, Wal-Mart and Wal-Mart thought this was Hua Xia's state-owned enterprise. After all, all Hua Xia's enterprises were state-owned enterprises.
It was not that Hua Xia does not allow private enterprises to operate, but there were many restrictions on them, and it will be difficult for them to develop.
After Wal-Mart and Wal-Mart investigated, they found out this was a private enterprise, and it was a joint venture with Hong Kong. Hong Kong's Superman Li and Hong Kong's Fu Family had shares in this venture. These two families were the top families in Asia.
Superman Li is one of the top people in the world. Even Walmart and other retail giants have business dealings with Superman Li's companies. Superman Li's companies also rely on sea transportation. His companies also need to rely on the ports.
At that time, Wal-Mart and Wal-Mart were curious about another person. A shareholder named Feng Yu, and he was the biggest shareholder. Who is this person? How come he owns more shares than Hong Kong's Fu Family and even Superman Li?
At that time, Feng Yu was not the World's Richest Man and was not famous. But Wal-Mart, Carrefour, and other retail giants who wanted to enter the Hua Xia market remembered Feng Yu's name. They heard that he was the one who stood up to everyone and set up Tai Hua Supermarket Corporation so quickly.
It was only after Feng Yu appeared on Forbes that they found out he was one of the world's top tycoons. Tai Hua Supermarket Corporation's shares were only a small portion of his investments. It was also this person's strategy that forced Wal-Mart and Carrefour to withdraw from the Hua Xia market.
They had only set up a few supermarkets, and they still need to keep a management team. The cost was also high, and there were no profits. In fact, they had been losing money.
But Wal-Mart and Wal-Mart did not give up on entering the Hua Xia market. They realized that Hua Xia was like the US in the past. There were many supermarket chains.
Although Tai Hua Supermarket Group's scale was not comparable to Tai Hua Supermarket Group, it was still tempting to acquire two or three of these companies.
Wal-Mart had inspected a few supermarket chains in Hua Xia, but they were not satisfied with these supermarket chains.
Some of the supermarket chains were not big enough, and the locations were not good, and the profits were low. Some did not even want to sell all their shares and only wanted to sell a portion of their shares. How could Wal-Mart agree?
When Wal-Mart was still in contact with these supermarket chains, they realized a tiger had entered their territory!
Tai Hua Supermarket Corporation had expanded into North America. Before Wal-Mart could enter the Hua Xia market, Hua Xia's companies had started to enter the North American market!
Also, Tai Hua Supermarket had the shares of Polar Bear Supermarket Corporation, and their annual sales had exceeded 100 billion USD. This was a challenge to Wal-Mart.
Wal-Mart's headquarters immediately ordered them to acquire at least one of Hua Xia's supermarket chains. Wal-Mart wanted to enter the Hua Xia market!
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