Chapter 792
Words:1829Update:22/06/30 10:01:43
"Hello? Steve, it's Feng Yu. I am going to the Hua Xia market to do some market research. I will be there for about 3 months. "
Ballmer was speechless as he held onto the phone. You think I don't know you are going back to China? What f * cking market research? Do you think that we Americans are all idiots?
"Ok. I know. I will email you if there are any work matters."
It's the end of December. It's almost Christmas. Christmas is the most important holiday in the US. But to Feng Yu, he does not care about it. He had decided to return to China for New Year's Day.
The Empire State Building was still in a mess. But Hideki Yokoi had revealed his trump card. In another 1 to 2 months, the Empire State Building will be ready for sale. Donald had gone to court with the two owners of the real estate company who were renting the Empire State Building. He told Feng Yu that he will win the lawsuit, and according to some clauses in the contract, the lease can be terminated.
Feng Yu will not interfere with these matters. He only needs to wait for the Empire State Building's title deed to be handed over to him. Donald had also started to prepare for the renovation of the building.
Kirilenko had to return to Moscow to settle some matters and prepare the funds for his new software company. Elena also went back with him. Feng Yu boarded the plane back to Hong Kong.
"Brother Feng, you are finally back. What's wrong? Do you like the life in the US? "Li Zekai gave Feng Yu a hug and asked.
"It's boring there. But I am going there to explore. I intend to set up a branch company and a new factory in the US in 2 years' time."
Feng Yu was not lying. He felt this was the best opportunity to enter the US and the whole of the US. AIWA had already set up a factory in the US. Wind & Rain Electronics and Wind and rain appliances can also do the same. It's time to take back Wind and Rain's sales channels.
It was dangerous to let the Fu Family sell their products and let them have full control over the sales. If there were any problems with their distribution channels, Feng Yu would not know how to salvage the situation.
Of course, Feng Yu can still work with the Fu Family for the time being. But he needs to separate the Europe, US, and Asia distribution channels.
Also, after the factory was built in the US, although the labor costs would be higher, it would save on transportation, tariffs, and other costs. It would not be a loss.
Feng Yu had mentioned this to Fu Guangzheng before, and Fu Guangzheng understood. Anyway, even without the sales of these products, he still had shares in these companies. He could still continue to follow Feng Yu to make money.
"Brother Feng, did you try those blondes in the US?" Li Zekai asked with a perverted look.
Feng Yu glanced at Li Zekai from the corner of his eyes. This guy was just like the rumors, he liked to try women from different countries. He heard from Fu Guangzheng that Li Zekai had changed his girlfriend recently.
But Fu Guangzheng could not blame Li Zekai because he was the same. In Fu Guangzheng's words, this was the benefit of having an elder brother. Their father will be strict with the elder brother and not so strict with them.
"Brother Feng, why don't you know how to enjoy life? Why are you making so much money? "Li Zekai shook his head. Feng Yu was different from other rich young men.
But thinking about it, they were all second-generation tycoons, and Feng Yu was from the first generation. Maybe this was the biggest difference.
"My target is to surpass your father." After Feng Yu said this, Li Zekai kept quiet.
You think I can't teach you?! Why don't you teach me how to enjoy life and surpass your father at the same time?
"Oh, Tai Hua Supermarket Corporation had set up a few more hypermarkets. There are still some places that are not suitable for us to set up hypermarkets." Li Zekai changed the topic.
Actually, Fu Guangzheng did not like what Feng Yu said. Who was his father? Superman Li, Asia's Top Billionaire. Feng Yu can only wait and see if he wants to surpass his father. Although Feng Yu's assets had been increasing, his father's assets were also increasing.
"How many hypermarkets and Tai Hua Supermarkets are there now?" Feng Yu asked.
"We have 36 hypermarkets and 14 supermarkets. Two more supermarkets will be opened next month."
Feng Yu raised his brows. This expansion was faster than he expected. At this rate, there will be more than 100 hypermarkets in one or two years.
"Will there be dividends this year?" Feng Yu turned to Li Zekai and asked.
Li Zekai shook his head. "We've invested all our profits, and we still owe the bank a lot of money. It's impossible for us to get a dividend this year, and it's also impossible for us to get one next year. Maybe we won't even get a profit in the next three to five years."
Feng Yu nodded. He understood what Fu Guangzheng said. This should be the case in the initial stage of expansion. To increase the market share, some of the places where Tai Hua Supermarkets were set up could only break even. The profits were not enough to set up new supermarkets, let alone hypermarkets. If it weren't for the banks' loans, Tai Hua Supermarkets would have to continue to expand or slow down their expansion.
But if they can survive the initial few years of expansion, Tai Hua Supermarket Corporation will bring them endless profits in the future, and they will be pleasantly surprised by the amount.
"Did Carrefour and Walmart set up supermarkets in China?" These two companies had more funds, and if they were to set up supermarkets in China, Tai Hua Supermarket's expansion would be slower.
"Carrefour had set up one, and Walmart will be setting up one in a few months. These two supermarkets had snatched the good locations from us. But the prices are much higher than normal, and the local government had taken advantage of them. "Li Zekai and Fu Guangzheng had been keeping an eye on these two supermarkets.
"What are we going to do? Are we going to let them set up their supermarkets or …? "
"Of course not. We are going to encircle them. We will increase our promotions for the supermarkets in the same city and promote our national brands. We will also attack their reputation and brand in the newspapers. Don't worry. These are not fabricated stories. These are all true stories. "
This was Fu Guangwei's idea. His family's supermarkets had been encircled by these supermarkets in Singapore in the past. His family's supermarkets suffered heavy losses. If it weren't for his father's quick reaction, they might have to withdraw from the Singapore market.
"What about the other supermarkets in China? Are there any supermarkets that can threaten us?"
"Not a single one! Maybe some of them are doing well locally, but they were forced to shift to the 3rd and 4th tier cities in their provinces. None of the supermarkets in the 2nd tier cities and above can compete with us, and no one dares to challenge us! "Li Zekai said proudly.
Those that dared to compete with Tai Hua Supermarket in the past had all suffered losses. No matter if it was Beijing, Shanghai, or Jinling, or Shenyang, they were all under Tai Hua Supermarket's control.
In terms of funds and scale, no other supermarkets in China can compete with Tai Hua Supermarket Corporation. Some of the supermarkets were not even one-tenth of Tai Hua Supermarket Corporation. How can they compete with Tai Hua Supermarket Corporation?
Feng Yu had a smile on his face. Seems like the Hua Xia market belongs to Tai Hua Supermarket Corporation … …
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