Chapter 170 Competitors
Wang Yu, who was still in Sichuan, received a call from Wu Suqing, saying that CoCo milk tea could enter the mainland market.

"The brand's business philosophy and target customer base are different from ours, and we have the first-mover advantage, so don't worry too much!"

In turn, Wang Yu reassured his subordinates: "Whether it is service, operation or core products, we will only be better than CoCo milk tea in all aspects. Don't be superstitious about the so-called foreign monks who are good at chanting scriptures. Let's compete in the market!"

After listening to Wang Yu's comfort, Wu Suqing relaxed a lot on the other end of the phone: "They attacked the Yangcheng market in advance, and our layout in Yangcheng has only completed a third of it. As you said, it doesn't matter if the visitor is not kind. It doesn’t matter if you’re a foreign monk or not, let’s talk about it first in the market!”

"Well, I'll go back to Shanghai in a few days and call the product R&D department together. I'll come up with a few new flagship products to impress them!"

Wu Suqing immediately felt at ease when she heard this. She knew that fruit tea CC started from the first store, and more than 80% of the best-selling new products were developed by Chairman Wang Yu.

Now the chairman is making another move at this point in time. The timing of the launch of these new products must be grasped!

After hanging up Wu Suqing's phone call, Wang Yu smacked his mouth.

In the memory of previous life, CoCo still has a position in the whole milk tea market, no matter how it ranks in the top ten, it still occupies a position.

It is unrealistic to completely squeeze it out of the market, and the target customer groups targeted by the two brands are different.

As long as you stay in the right position, continuously improve service quality, and do a good job in core product innovation, fruit tea CC will be invincible!

After spending a weekend with Zhang Jingyan, Wang Yu returned to Jinlin Peninsula to pick up Wen Jing and Mi Xia.

To Fu Li's surprise, Wen Jingwen didn't even ask about the other girl, she packed her luggage and followed Wang Yu back to Shanghai.

On the second day after returning to Shanghai, Wang Yu went to Jinmao to work, and Jiang Weilin ran over.

Wang Yu thought that Jiang Weilin was doing it for CoCo, but he didn't mention it at all.

"Zhou Wuyang teamed up with a few people to set up an asset management company, hehe, he still eats resources!"

"Asset management company?"

"Juntai Asset Management Co., Ltd!"

Jiang Weilin smiled and said, "It should have been done with Ou Jun and the others. At the beginning, they wanted to break into the commercial district of Shanghai with great fanfare."

"It shouldn't be that simple!"

Wang Yu frowned and said: "These people really want to eat resources, why don't they make quick money and have to make such a shell?"

Startled by Wang Yu's words, Jiang Weilin put away his smile: "It's a bit unreasonable for you to say that."

"What is their main business scope?"

"excuse me, may I ask!"

Jiang Weilin blushed a little, and then made a phone call. Not long after, he raised his head solemnly and said to Wang Yu: "You really guessed it!"

"?"

"The main business scope includes investment management, enterprise management, entrusted asset management; investment consulting; equity investment; corporate asset restructuring, mergers and acquisitions and project financing; financial consulting; entrusted management of equity investment funds; domestic trade; investment and establishment of industries"

"Isn't there only China Huarong Asset Management Company, China Great Wall Asset Management Company, China Orient Asset Management Company, and China Cinda Asset Management Company in China?"

Speaking of this, Wang Yu suddenly stopped, and some key information flashed in his mind.

Jiang Weilin smiled wryly and said: "You can see it too, I reckon they have a source of news from above, knowing that the country may have to let go of this piece, so they took it early by taking it away"

"I'm afraid they're more than that!"

Wang Yu shook his head and said: "It's still too slow to get money by dealing with non-performing assets, or integrating resources. Maybe there are some information levels that we don't know. Let's see, their focus must be on corporate asset restructuring and mergers and acquisitions."

Jiang Weilin looked at Wang Yu in shock.

"Look at me, I'm also making a bold guess, it may not be accurate!"

"In addition to Juntai, they have registered another company!"

Jiang Weilin took a few puffs of cigars before continuing: "The name is Juntai Cultural Tourism Co., Ltd."

"Tsk, cultural tourism. Cultural tourism, Chaoyang's green and healthy industry, the object of strong support from the state!"

When Jiang Weilin said the word Wenlv, Wang Yu roughly understood, and his guess was not too far off.

"This thing really can't be played without personal connections!"

"That's not to say that it eats resource food, it's a bit of a side, but people use market-oriented methods, but it's not, anyway, it's awkward!"

Jiang Weilin now figured it out, smoking a cigar like crazy, and returned to normal.

"I'm afraid I'm aiming at the listing!"

Wang Yu mentioned it lightly, and then joked: "It doesn't conflict with your business, and it's not an act of grabbing jobs. Why are you so concerned about Zhou Wuyang?"

"We are watching the show by the way, but do you really not know or fake?"

Jiang Weilin looked at Wang Yu with a bit of surprise: "There are rumors in the circle that Zhou Wuyang and Wei Yutong are on a blind date, so you haven't heard the news at all?"

"."

Wang Yu really wanted to complain: Should I know?
Thinking back to seeing Wei Yutong for the first time after the year, it was indeed mentioned that her family forced her to go on a blind date, but she didn't tell Wang Yu who she was going on a blind date with.

No wonder Ou Jun looked at him so strangely in the last golf tournament, and he has basically had no contact with him recently.

It was because Ou Jun misunderstood the relationship between Wang Yu and Wei Yutong before that he had an intersection with Wang Yu. Now that Zhou Wuyang, a blind date, appeared, Ou Jun would naturally understand that he made a mistake.
"Wei Yutong and I have nothing at all, I really don't know how you passed it on"

Wang Yu could only smile wryly: "If this matter reaches the ears of Wei Yutong's family, please ask me a little bit."

"Hahaha"

Seeing Wang Yu's expression, Jiang Weilin laughed, and then said, "I really don't believe what others say, but looking at you, it seems that we have made a mistake!"

"I said, why did you come here on purpose today? You don't even care about CoCo's affairs, and you're just talking about Zhou Wuyang!"

"It doesn't make a mistake to think that Zhou Wuyang and you are competitors!"

"."

Since Jiang Weilin had misheard the rumor, the topic naturally turned back to Du Ke CoCo.

"It seems that you are not in a hurry?"

Jiang Weilin watched Wang Yu light the second cigarette, and said with a smile, "I told you to smoke cigars instead. I haven't smoked one-third of the time, and you're already on the second one!"

"Wu Suqing reported the situation to me a few days ago. There is no rush. The target groups of the two milk tea shops are different, not to mention that the market is so big, and it is impossible for the fruit tea CC family to Eat it!"

Wang Yu raised the cigarette in his hand: "It's better to smoke this!"

"How big do you think the domestic milk tea market can be?"

Without answering directly, Wang Yu raised a finger.

"100 billion?"

Jiang Weilin was amazed for a moment, and then said: "Our fruit tea CC family alone can't handle such a big market!"

"Not 100 billion, but 1000 billion!"

"?"

Jiang Weilin's hand trembled, and the cigar in his hand almost fell to the ground.

"In a big market with a population of more than one billion people, with an average of 15 yuan a cup, only 70 billion cups are sold in a year!"

Wang Yu crossed his legs, smoked a cigarette leisurely and said with a smile: "On average for a year, it's only 2000 million cups per day!"

Slowly, Jiang Weilin's eyes began to light up, and he said with trembling lips, "Doesn't that mean we have fruit tea CC?"

"As long as we maintain our position as the leader or top three in the milk tea industry, we can still have a market share of 100 billion a year!"

Jiang Weilin's breathing became heavier, and he felt that the 13% shares he got were too worthwhile, like a hen that can only lay golden eggs.

"if it goes public"

"Why not wait?"

Wang Yu smiled and said: "I don't even need to disclose the financial statements. As long as I pay taxes in full, I can use the annual profit as I want. Isn't it good for us to make a fortune in silence?"

After hearing these words, Jiang Weilin had no choice but to give Wang Yu a thumbs up.

(End of this chapter)

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