Feng Yu, Kirilenko, Fu Guangzheng, Fu Guangwei, and Li Zekai were sitting together. All of them had made high profits this time, and when they heard Feng Yu wants to invest in some industries, they wanted to get a stake in it.
"All of you want to partner with me? No problem. We are all friends, and I am not used to keeping everything to myself. What do you all think? What do you all think is worth investing in? "
A person's energy is limited, and Feng Yu had a good time working with them. There's no problem for them to continue working together.
"I think electronic products will do well in the future, but our factories are too small. I think we should expand our factories' production capacity." Fu Guangzheng said.
"I had just set up 4 factories with Feng in Eastern Europe. Didn't you say we will also set up factories in Canada and the US? Although we will be producing mobile phones, we can also produce other electronic products. Isn't that enough?" Kirilenko replied. Electronic products have good prospects, but it's too blind to expand their production capacity now.
"I think what Guangzheng said is right. We must expand our production in Asia, and the economies of the Southeast Asian countries are going downhill. It's worth it to acquire an electronics factory in Malaysia, Thailand, etc. India is also a good choice. The labor costs there are very low, but we need to work with the locals. "Li Zekai thought for a while and said.
"I think Tai Hua Supermarket Corporation's expansion is too slow. Now, we can let Tai Hua Supermarket Corporation expand faster. With Hua Xia's increasing purchasing power, it should not be a problem to set up 300 Hypermarkets. We can form a monopoly!" Fu Guangwei felt the supermarket's expansion was too slow. When can they take over all the cities in Hua Xia?
Hua Xia has more than 300 prefecture-level districts. Other than some of the more remote districts, there are at least 200 districts that are worth setting up Tai Hua Hypermarkets.
At least 5 supermarkets will be set up in the cities with independent planning status, and at least 10 in the municipalities directly under the Central Government. 300 Tai Hua Supermarkets will be set up, and Wal-Mart and Carrefour will have to leave the Chinese market.
Li Zekai's face changed. If Tai Hua Supermarket Corporation expands like this, his family will also make money. But his family's Watsons retail stores will be affected. He didn't want to see such a situation.
Although he had already made it clear that his father's assets would be left to him in the future, he wanted to create his own business empire. Superman Li will leave Tai Hua Supermarket Corporation's shares to him in the future. But he cannot let Tai Hua Supermarket Corporation take over his family's retail stores.
"The investment for a hypermarket isn't low either. Also, now that so many supermarkets have appeared, we are no longer unique. The popular scene back then might not last forever. Isn't it a little irrational to expand so crazily? "Li Zekai objected.
They would need to invest at least two billion USD to build more than two hundred Hypermarkets. That would be a few hundred million USD per person.
Li Zekai does not have so much money, and he believes that Fu Guangwei also does not have so much. He can only ask his family for help. But to Feng Yu and Fu Guangzheng, there was no pressure.
Fu Guangzheng also said: "Wei Zai, we must speed up the opening of the new branches, but not so fast. It's easy to solve the funding problem, but we do not have enough management staff. If a hypermarket were to have negative news, it will affect the whole of Tai Hua Supermarket Corporation. "
"We will set up 50 new branches this year, and we will invest 500 million USD. The remaining funds will be used to repay the loans. As for the management staff, we will poach them from other shopping malls, and the rest will be promoted internally. As long as it is not a problem of principle, we can settle these small problems slowly. Even if we cannot complete the opening this year, we will buy the land first. What do you think? "Feng Yu made the decision.
He knew what Fu Guangwei was worried about. Although Carrefour and Wal-Mart only had two to three supermarkets in Hua Xia, their sales were doing well. Once they set their sights on the Hua Xia market, they might be more popular than Tai Hua Supermarket Corporation.
If they want to expand, they will have to pay a higher price. They might as well expand like crazy now and stop Wal-Mart and Carrefour from expanding.
Also, it would be cheaper to buy the land now, and they can get a good location in advance. They do not need to open next year. They can open the year after next, but the other supermarkets will not be able to compete with them.
Tai Hua Supermarket Corporation's Hua Xia brand had been marketed well, and many people had started to feel patriotic. Tai Hua Supermarket Corporation had also donated money to the public. This made Tai Hua Supermarket Corporation more popular among the people.
Fu Guangwei and the rest heard what Feng Yu said and looked at each other. They nodded in agreement. It's only a few million USD, and they can easily afford it.
"Electronic products are also one of the most important industries in my plans. That's why I think this expansion is feasible. There are already factories in Eastern Europe and the US. But I need at least 3 factories in Western Europe and 3 to 4 factories in Southeast Asia. I will be expanding at the same time. Who is interested? "
Within two years, the mobile phone industry will be booming. Also, MP3 players, USB drives, DVDs, LCD monitors, etc., will be booming. Feng Yu was still not satisfied with the current production.
Feng Yu even felt the factories in China were too small. In his previous life, the Hua Xia market was filled with all sorts of imported electronic products. The volume was more than Wind and Rain and Aiwa's production.
Li Zekai and Fu Guangwei looked at each other and did not say a word after hearing what Feng Yu said. They did not have much money left after investing in Tai Hua Supermarket Corporation. After all, they do not have much money left after the financial crisis.
"I still have a sum of money to invest. How much do you need me to invest? Give me a figure, and I will still get the proportion."
Every time Feng Yu invited Fu Guangzheng to invest, he will give Fu Guangzheng at least 10% of the shares. Fu Guangzheng does not want this proportion to be lowered. If Fu Guangzheng does not have money, he can get a loan from his father or uncle. He should be able to raise the money.
Li Zekai gritted his teeth and said: "If Brother Feng agrees, I also want to invest in some of the new factories."
Superman Li had raised a few billion USD this time. Although the profits were not doubled, it was still a few billion USD. Li Zekai felt that his father will not object to him asking for a loan now. After all, his father had said that electronic products have a huge potential. If he does not ask now, it will be harder for him to invest in the future.
Feng Yu asked Kirilenko for his opinion. Kirilenko did not want to invest in the new factories at first. But when he saw Fu Guangwei and Fu Guangwei investing, he knew that the electronic products market will develop further.
"Feng, I will also invest. I will not be involved in the management of the 10% shares, and I can invest a little more."
Feng Yu laughed: "Of course. Brother Fu, we will do the same. You will be in charge of setting up factories in Western Europe and Asia or acquiring branches. I will handle the expansion in China."
Fu Guangwei saw how Fu Guangwei and Fu Guangwei had decided to invest in so many new factories, and Feng Yu was the major shareholder. How much is Feng Yu going to invest? How much did he make this time?
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