May 1st. .

The global president of Carrefour is about to rush to China. As soon as the news came out, it attracted a lot of attention.

Of course, people in the retail industry are all valued.

What really attracted most people's attention was the problematic milk powder incident and the successful financing of the long-range Weibo.

Yuanfang started financing in 2007 and did not officially come to an end until May 2008.

I have to say that it lasts long enough.

Of course, Li Dong didn't wait in vain.

In 2007, Weibo's valuation was 100 million US dollars. In just half a year, the value of Weibo increased by more than ten times, and it was nearly 10 billion yuan when it was converted into RMB.

The problem of problematic milk powder has also developed to ** after several days of preparation.

In the past few days, the families who took their children to check in at that time have been released one after another.

According to rough statistics, about 10,000 babies have received diagnosis and treatment consultation.

Among them, there are more than 2,000 infants and young children currently hospitalized, 3 have been diagnosed with the disease, and others are still undergoing further examinations.

The proportion is not large, but things are still ignited.

There are indeed not many confirmed 3 people.

But it has also proved that problematic milk powder can indeed cause diseases or even cause death!

If the news was not revealed in the distance and they continued to let the child use it, would the next confirmed case of illness be their own child?

Could the first person who died was his own child?

When thinking about this consequence, countless parents were very scared.

For a time, on the Internet, the media continued to attack various supermarkets and dairy companies, and millions of people called for severe punishment of the "killer"!

Yes, at this moment, everyone treats these companies as murderers.

Several major supermarkets and dairy products companies were pushed to the forefront and their business plummeted.

Only Yuanfang Supermarket became everyone's only trust at this time.

In April, Yuanfang Supermarket sales rose sharply.

Before this, Yuanfang Supermarket's monthly sales were around 4 billion yuan, and after statistics in April, although the specific data had not yet been released.

However, Li Dong already knew the general data that Yuanfang Supermarket's sales in April should have exceeded 5 billion.

You know, March and April are the off-season for supermarkets.

At this time, Yuanfang Supermarket actually reached sales of more than 5 billion yuan, exceeding 25% in March, which is simply unimaginable.

But it did it in the distance.

Li Dong is not yet clear about the sales of China Resources and Bailian in April.

But Li Dong knew about the sales of the two companies in March.

In March, Bailian led the way with 6 billion sales, and China Resources followed closely with 4.5 billion sales. At that time, Yuanfang ranked third in the supermarket chain industry with 4 billion sales.

Although I didn’t know the result in April, Li Dong knew that the two companies certainly did not rise, and it might not even fall.

Bailian should not be able to surpass it in the distance, but it should be stable to beat China Resources.

In the off-season, the value of surpassing China Resources may not be too high, but it does not mean that there is no value.

If this continues, it should be certain that this year it will surpass China Resources Vanguard.

...

In the office.

Li Dong, Sun Tao and Yuan Chengdao were smoking.

In the smoke, Yuan Chengdao sighed: "After winning Su Guo last year, I think it will take at least two to three years to surpass China Resources.

Unexpectedly, shortly after the Chinese New Year, before the first half of the year had passed, our monthly sales surpassed China Resources.

In the past four months, January and February were all peak seasons. With the heavy snow at that time, our supermarket business was already good, not much worse than China Resources and others.

In the later period, stores opened one after another, and with the counterattack in April, our total sales should have exceeded 20 billion in four months.

According to this progress, even if we do not expand this year, the annual sales of supermarkets in 2008 should have exceeded 60 billion.

Can't believe it!"

Sun Tao, who was standing by, responded: "In 2007, China Resources Group's annual revenue was 100 billion, but this is their total revenue. However, in terms of retail, China Resources just reached 50 billion in 2007.

Bailian's retail revenue last year was 87 billion.

This year, I think China Resources will be at most about 60 billion, and Bailian may reach 100 billion.

It shouldn’t be difficult to surpass China Resources, Bailian’s words…”

Sun Tao did not continue to talk. It was quite difficult to surpass Bailian, and even said that there was no chance.

The revenue gap of 40 billion is equivalent to rebuilding most of the far-away supermarket.

This gap cannot be smeared by just a few bold words.

Li Dong said at the annual meeting that supermarkets will be the first this year. Now it seems that the first is too difficult, and the second is probably sure to win.

In less than five years, Sun Tao was satisfied and Yuan Chengdao was actually satisfied.

The entire Yuanfang Group was almost satisfied.

Only Li Dong was a little dissatisfied.

Li Dong thought for a while and said, "What if we take Carrefour next?"

Yuan Chengdao shook his head and said, "Unless he took over their stores across the country, Carrefour's total revenue last year was only less than 30 billion. If all of them were changed to distant signs this year, he might be able to exceed 40 billion by taking advantage of this opportunity.

At that time, the supermarket's annual revenue exceeded 100 billion yuan.

However, it is too difficult to accept Carrefour's regional stores nationwide.

First, we have stores overlapping with both parties. There are only about 80 stores that can be absorbed by us, accounting for about two-thirds of Carrefour stores.

If you want to take over these 80 stores, you won’t talk about other difficulties. The acquisition funds are just astronomical.”

At this time, the Chinese retail industry had not had such a large-scale merger and acquisition case.

However, Li Dong, who was reborn, knew once that in 2014, China Resources acquired Tesco.

At that time, the number of Tesco stores was similar to that of Carrefour and the sales were similar.

In the end, China Resources acquired the other party at a cost of HK$22 billion. Of course, this is the data given by China Resources and may not be accurate.

Moreover, it was not a complete merger and acquisition at that time. Tesco and China Resources established a joint venture.

Also, Tesco's brand value was included at that time.

However, no matter what, if you want to acquire more than two-thirds of Carrefour's business in China, you don't even think about it if you don't have 700 to 80 billion yuan.

Maybe it's a little lower, after all, Carrefour is in a difficult situation and his reputation has been severely damaged.

However, the gap between the upper and lower levels should not be too big, and a guaranteed 7 billion is indispensable.

For the current distant place, the difficulty is not unusual.

Li Dong tapped the table lightly and thought for a while and said, "If you really take over the unreconciled area, it will be these about 80 stores.

In addition to the expansion of our own in Shanghai, Henan Province, and mountain cities, do you think it is difficult to have a revenue of 100 billion yuan by the end of the year?"

Sun Tao calculated after hearing this, "It's a bit difficult, but it's not too difficult. And you said before that we will carry out a batch of expansions in the second half of the year, and if we can put some into operation before the end of 2008.

If it’s a hundred billion, I think there is great hope.”

Yuan Chengdao, who was standing aside, added bitterly: "If it would take 8 billion yuan to acquire stores like Carrefour, and in addition, the construction of places like Shanghai and Shancheng will be at least 2 billion yuan.

This is not the expansion in the second half of the year. In the first half of the year, we still need to invest 10 billion in supermarkets.

Last time, Mr. Li sold Baidu stocks and raised 700 million yuan.

For supermarkets, the profits in the next few months will be calculated, and the combined profit will only be about 2 billion.

So, after all, if you want to acquire Carrefour, you have to take out the extra money, which is between 8 billion."

As he said that, Yuan Chengdao thought for a while and said, "Mr. Li, maybe we don't need to take such a big deal to annex their business in East China. I think it should be almost the same.

In the East China region, their business overlap is the highest with us. With 40 stores, we only need half of it."

Li Dong hadn't spoken yet, and didn't know what he was thinking.

Seeing this, Sun Tao whispered: "Mr. Li, the number one in the supermarket chain industry. Even if we can't compete this year, it will definitely work next year.

What Mr. Yuan said actually makes sense. If we acquire 80 Carrefour stores, we will be sure to hit the top this year.

However, we are facing a sky-high merger and acquisition payment of about 8 billion yuan.

If we don’t make the first place this year, our task will be much easier. Acquiring Carrefour’s stores in East China will be about 2 billion.

The difference of 6 billion yuan is only the difference between the first and second."
To be continued...