The Wealth Empire Crossing the Hong Kong

Chapter 252 Termination of Cooperation
Mitsui Mitsubishi can be said to be pressing every step of the way. Relying on the current dominance of Japanese home appliances in Asia, they directly reduced the supply of products to Lane Crawford and Tesco Group on the grounds of production.

Toshiba, Sony, Panasonic, and Mitsubishi have successively notified Lane Crawford and Tesco that the supply price in the third quarter will increase due to cost factors, and the supply quantity will be greatly reduced due to production issues.

At present, the price and specific quantity of the ordered products between the e-buy group and the suppliers are basically signed once a quarter. The third quarter is coming, and it is also the time for the e-buy group to sign new purchase prices and quantities with major suppliers.

Hitachi, Sanyo, etc. have no problems, but the companies under Mitsui Mitsubishi are stuck, raising the ex-factory price on the one hand, and reducing the quantity on the other, obviously not ready to cooperate with Lane Crawford and Tesco.

At present, in the field of home appliance sales, Japanese products account for 70% of the sales of E-buy Group. These companies have stopped cooperating with E-buy group, which has a great impact on E-buy.

Li Qungang, the president of E-buy Group, did not expect to encounter such a difficult problem when he just took office. In order to reduce the impact of this incident on E-buy Group, he specially held a group high-level meeting to discuss specific countermeasures.

At [-] o'clock on Monday afternoon, in Li Jianhui's office, Li Qungang reported the specific situation and the group's response plan to Li Jianhui in detail.

Li Jianhui is basically satisfied with the way the group's top management responded, but he emphasized that E-buy Group should establish more extensive channels. Panasonic, Toshiba, Mitsubishi, Sony, etc. will not rule out Hitachi, Sanyo, etc. if they take such measures against E-buy group. It might also do so.

In terms of supply channels, E-buy Group needs to have more initiative. It is not enough to have two solid allies of Datong Group and Jingyi Electric Appliances. It also needs to find more strategic partners.

South Korea can consider it, and Western Europe should not give up. Only when there are more supply channels, these manufacturers dare not be so arrogant.

Mitsubishi Mitsui's actions made Li Jianhui very angry. It seemed that the other party would never let it go if they didn't suppress him. They even did this kind of thing that killed one thousand enemies and self-defeated eight hundred.

He didn't believe that without the supply of home appliances from these companies, the sales performance of his e-buy appliances and Lane Crawford's home appliance sales department would drop sharply.

Naturally, Li Qungang will not forget the well-known home appliance companies in Europe and the United States, but he knows that home appliances in these two places can only be a supplement and cannot be the main force.

One is that for the same type of products, the factory cost of these two places is high, and the other is that the distance is too far away, and the transportation cost is also high, so the price advantage is far inferior to that of Japan.

Now he still hopes that the technology of Datong Appliance can be improved, and Jingyi Electric can complete the construction of the production base as soon as possible and officially put it into production.

As long as there are two major groups of products as the main force, he is not worried that there will be no main products to sell.

And compared to price wars, the Chinese business community has never been afraid of anyone. Think about why Xiangjiang's clothing industry has developed so well before. It is not because of price wars that it has won a large number of OEM orders.

Mitsui Mitsubishi supported Ito-Yokado and Seibu Supermarket to enter the Asian market, and this move was made when he took office. It was clearly a slap in the face. He wanted to see who is the overlord of Asian retail department stores.

"For Jingyi Electric Appliance Company, you can go directly to Xu Zhichao and ask him to speed up the construction of the production base in Shekou. It doesn't matter if you spend more money. You can coordinate with the high-level officials in Guangdong Province to increase construction units and advance construction and decoration as much as possible. It can be put into production on September 9."

As for Li Jianhui on the Tianshuiwei side, he was not in a hurry. There was a construction corps over there, but not on his side.

Moreover, there are so many projects under the Xinjian Department, and the manpower of major construction companies is already relatively tight. It would be good to be able to maintain the current speed and ensure that it will be put into use early next year.

Especially in Tseung Kwan O, not only Huihong City, Xinjian Building, Hutchison Building, Tesco Building, Jiayi Building, and Huihong Building are also under construction. This is not only a large investment, but also a large project.

Fortunately, only Xinjian Building has a ground height of 168 meters, with a planned investment of 35 billion Hong Kong dollars.

The ground height of the other buildings is only 99 meters, and the floor area is relatively small, with an investment of about 20 billion Hong Kong dollars.

Li Qungang is naturally aware of the situation on Xiangjiang's side, and he doesn't have extravagant hopes on Xiangjiang's side, as long as Shekou can start production ahead of schedule.

Jingyi Electric's products came out one day earlier, and his pressure could be reduced.

Even if Jingyi Electric's product quality and reputation cannot be compared with Panasonic Toshiba Mitsubishi, etc., but the price advantage can be firmly in its own hands.

At present, there are only a small number of customers who pursue high performance. The quality of Jingyi Electric's products is sufficient to meet the needs of most customers. He believes that with the Xinjian series as a signboard and the promotion of various groups of the Xinjian series, he will definitely be able to win Xiangjiang, Baodao, and Southeast Asia. And the trust of mainland citizens.

When it comes to the mainland market, Li Jianhui doesn't have much to do for the time being, mainly through cooperation with mainland import and export companies.

But the good news is that in mid-July, he and Chartered Ship King will discuss with the Mainland Ministry of Commerce, the Broadcasting Bureau and other high-level officials to discuss the entry of movies and TV shows into the Mainland and the establishment of cinema chains.

I have to say that Li Jianhui made two generous donations, which made the high-level impression of him quite good. Although it may not be easy to establish a theater chain, this time there is hope for movies, TV dramas and records to enter the mainland.

This time, Li Jianhui is going to have a good discussion with the leaders of the Ministry of Commerce on the issue of domestic sales of products. Once this market is opened up, it will be of great benefit to the development of Jingyi Electric.

As for the e-buy group, don't think about expanding in the mainland for the time being, at least there is no hope for the next two years.

Now E-buy is still mainly entering Southeast Asia, accelerating the development of several major markets in Singapore, Malaysia, the Philippines, Thailand, and Indonesia, so that it can become one of the main markets of E-buy Group.

After the mainland allows foreign capital to enter, e-buy will make a large-scale layout in the mainland market, so that it can become the basic market of e-buy group.

When Li Qun had just left, Li Jianhui asked him to hold a press conference, announcing that Tesco Group had terminated its cooperation with Sony, Panasonic, Mitsubishi, and Toshiba.

He didn't want to learn from Japanese companies. He obviously didn't want to cooperate, but he still found various reasons.

Of course, the reasons for terminating the cooperation will all be pushed to several major companies, and E-buy Group is definitely on the reasonable side.

At the same time, E-buy Group will also take this opportunity to hold a supplier conference to expand its own procurement channels while also looking for more strategic partners, and even invest in some promising companies to control the upstream industry chain and reduce the risk of similar incidents. occur.

As for the possible adverse impact of this press conference on Lane Crawford's stock price, this is not within the scope of consideration of Li Jianhui and others. To enter the stock market is to bear this risk.

(End of this chapter)