The Wealth Empire Crossing the Hong Kong

Chapter 457

Not everyone has the backbone like Li Jianhui, perhaps because the Xinjian Department is aggressively attacking the Canadian and California retail department store markets. In order to distract the Xinjian Department, as a pawn of the American consortium, Lotte Supermarket made a high-profile announcement in May Enter Xiangjiang and Baodao Market.

This time, Lotte has gained a lot of momentum. It is the first batch of ten large-scale supermarkets to be established in Xiangjiang, covering central urban areas such as Central, Mong Kok, Hung Hom, Tseung Kwan O, Tin Shui Wai, and Sha Tin.

Baodao has a larger scale, with as many as [-] stores in the first batch, and there will be Lotte Supermarket stores in every county and city.

Facing the menacing Lotte, on the first day of accepting holidays, Li Jianhui held a joint meeting of its retail companies in the conference room of Tesco Group.

Liu Xiaoyan, the acting director of the Internal Coordination Office of the Xinjian Department and the person in charge of Greater China, presided over the meeting and made arrangements to attack Lotte Supermarket.

"Li Sheng, colleagues, since we mainly focus on the Greater China region, Southeast Asia and the Commonwealth market, very few of our businesses have entered the Korean market, except for a few markets in Southeast Asia and South Korea in the two major industries of retail and automobiles. Apart from some competition, there are not too many disputes, and the relationship between the two parties is relatively not too bad.

It's just that this time Lotte announced that it will enter the Baodao and Xiangjiang markets on a large scale, which is obviously aimed at us.

This time, we not only want to make it quit, but also enter the Korean market on a large scale. While expanding our market, we also want to teach Lotte a lesson. "

After Liu Xiaoyan's words fell, the executives of Lane Crawford, Watsons, Tesco, IKEA Convenience Store, Cosway, and Success Department Store successively expressed their willingness to enter the Korean market.

In particular, Cosway has a good reason. Because of the particularity of its nationality, Korean and Japanese citizens still buy their own products.

As for the member discount stores that Cosway is going to, because the model is different from that of Korean local retail department stores, it is easier to enter, and the Japanese market is also used as an example.

Lane Crawford and others obviously do not want to give up this opportunity for expansion, and they also use the Japanese market as an example. As long as they cooperate with the Korean internal family, several major companies can also seize the Korean retail department store market. Currently, Lane Crawford and others are jointly established with the Fuji Foundation The development of several major retail Japanese companies is good.

The IKEA convenience store is already the second largest retail convenience store in Japan. At present, 7-11, which is represented by Ito Yokado under the Mitsui Consortium, can suppress the IKEA convenience store.

Lane Crawford is also the third largest retail department store in Japan, second only to Ito Yokado and Seibu Supermarket.

Watsons and E-buy are also developing well, both of which have entered the top ten in the Japanese retail industry.

It’s just that Berjaya Department Store and Cosway immediately put forward different opinions, mainly because Lane Crawford’s major companies only accounted for 36% of the company’s shares in Japan, the Fuji Foundation accounted for 35%, and Fountain Holdings accounted for 29%.

Although Quanyuan Holdings is also a Xinjian industry, Quanyuan Holdings is a company registered and headquartered in Japan. The Japanese companies of these major retail companies are essentially controlled by Japanese capital, so their development is not limited.

However, the Xinjian Department does not have a holding group in South Korea, and it is impossible to follow the model of the Japanese market.

Moreover, Cosway and Success Group are registered and headquartered in Kuala Lumpur, backed by the Malay government, which Lane Crawford and others do not have. In the Korean market, Cosway and Success Group will be less likely to be targeted .

After everyone quieted down, Li Jianhui said: "I have already discussed with Ms. Liu about how to deal with the menacing Lotte. host.

As for entering the Korean market, this time it will focus on the success of Department Store, Cosway and the soon-to-be-established Dongquan Retail Group under Quanyuan Holdings Group.

Tang Jianming will serve as the president of Dongquan Retail Group, and he will coordinate this operation in a unified manner. The top management must closely cooperate with Tang Jianming's plan. "

For the future development, Li Jianhui also took great pains to establish Dongquan Retail Group, in order to allow him to control Lane Crawford and other companies in Japan in the future, so as to avoid the development of these industries being affected by the holding of Heung Kong.

In addition, this time Dongquan Retail Group is also planning to cooperate with Korean families to establish a joint venture retail enterprise in South Korea, so as to compete with Lotte for the market.

The entry of Cosway and Success Department Store into the Korean market this time is mainly a spoiler, and the real killer move is the retail enterprise cooperated by Dongquan Retail Group and the Korean family.

Moreover, Li Jianhui has already selected the partner for this cooperation, that is, the Park family of Doosan Group, which is currently developing quite well in South Korea.

Unlike Hyundai, Samsung, Daewoo, Hanjin, LG, Hanwha, Lotte, SK, etc., which have good relations with American consortiums, Doosan Group was quite active during the Japanese occupation period, so it has a good relationship with Japanese capital, but it has a relationship with American consortiums A little alienated, which is why Doosan Group has not been able to compare with Hyundai, Daewoo, Hanjin and other companies in recent years.

Li Jianhui is planning to cooperate with the other party this time, and he is looking at the relationship between the other party and Japanese capital. At present, the other party mainly enters the machinery manufacturing industry, and the retail industry has not entered, which provides a basis for cooperation between the two parties.

Although Lane Crawford and other executives are somewhat unwilling, Li Jianhui has made a decision, and they dare not object. They can only focus on the North American and Central and Eastern European markets, hoping that these two places can bring good growth to their company's performance.

As for the menacing Lotte, these executives are not very worried. In the Xiangjiang and Formosa markets, they have attacked world-renowned retail companies not once or twice, whether it is the world giants Wal-Mart, Carrefour, or well-known Asian companies Ito Yokado, Seibu Supermarket, including Wellcome, 7-11, and finally the Xinjian Department of Retailing won the final market dominance.

Now that the layout of several major retailers in the two places has been relatively complete, it is good that Lotte does not come, since it is ready to enter, it is bound to make it bloody.

Although Lotte is known as a giant in South Korea, Lane Crawford and others don't pay much attention to it. Among the major companies, except for Cosway, any market capitalization can surpass Lotte.

At present, the Korean family does not have the strength of the 21st century. Not to mention the top ten families in Xiangjiang, even the capital of the five major families in Baodao can suppress each other.

This is also the reason why these Korean families are not as tough as Japan and the Xiangjiang family. The leaders of the Korean families also know that if they do not cooperate with the United States, their industry may only be trapped in the local market, and Liu has no strength to compete with Japan and the Xiangjiang family. Industries compete for markets.

With the support of American capital and technology, South Korea has the capital to wrestle with Asian and Japanese companies, especially in the field of heavy industry and electronic semiconductors. With its lower cost, it is enough to tear off a piece of the share occupied by Japanese companies. Meat.

As for Xiangjiang, electronic semiconductors can still compete one or two. In the field of heavy industry, Xiangjiang is far behind South Korea.

(End of this chapter)