The Rebirth of Wealth

Distant cafeteria.

Keep absolute silence at this moment, everyone is looking at the documents sent from afar.

In fact, the file content is not much, it is very simple.

Yuanfang New Retail Group!

Cut out the online remote shopping mall, go out independently, integrate into the new Gome system, and form a new offline retail group.

The brand-new offline retail group brings together a series of retail companies such as Yuanfang, Carrefour, Gome, Times, Suguo, Yongan, Kelong ...

As early as September 2008, when Yuanyuan and Longhua exchanged shares.

Faraway Retail Group, without Gome and online, total assets exceeded the 40 billion mark.

After that, Yuanyuan continued to expand and continued to invest.

Coupled with more distant movements in the later period, increasing fame, and the enhancement of the value of the fixed industry and brand, the value has increased a lot again in the past six months.

Today's distant retail, without online and Gome, there is absolutely 50 billion.

Last year's offline alone, Yuan supermarket revenue reached as high as 110 billion.

Although revenue is not a measure of corporate value, it is also sufficient to roughly estimate something.

Revenue is 110 billion, and profit is close to 10 billion.

At this time, if the far-end supermarket is listed, even if it is listed at a price-earnings ratio of 10 times, it will be no problem to mix a market value of about 100 billion yuan.

Of course, market value does not represent assets, but market value is also a reflection of value.

Today, distant supermarkets and Gome are combined, and the total revenue is nearly 200 billion.

This is an authentic offline retail giant group!

Suning, which ranked second last year, and Bailian, the third, combined, the revenue of these two is about 200 billion yuan.

In any industry, the value of first and second can never be equal.

If the retail business of Suning and Bailian is worth 100 billion yuan, although the two companies have similar revenues, the value cannot be equal.

Just like the PP in the distance, although it is weaker than QQ, it is not much weaker until now.

However, the first is the first. Tencent's main business is instant messaging, but Tencent's market value is as high as more than 20 billion US dollars.

And far-away PP is now listed separately, not to mention 20 billion US dollars, if it can reach 10 billion US dollars, it will be awesome.

Therefore, after the reorganization of the offline system of Yuanfang Retail Group, the original assets of Gome were worth about 100 billion yuan.

Among them, the liabilities are close to 40 billion, and the net assets are about 60 billion.

During the acquisition of Gome, Li Dong owed a lot of money, which was included in the liabilities of the offline retail group.

The total assets of hundreds of billions and the net assets of about 60 billion are not underestimated.

However, at the moment, the documents given by the distant place gave a new valuation.

Coupled with Gome, the remote offline retail system of a total of 2108 stores, the valuation given by the distance is 100 billion!

Net assets!

This is 170% higher than the actual assets!

Enterprise value is not so calculated!

The reason why net assets are calculated with net assets is the actual value of the enterprise.

It is just a joke that Yuanfang now gives such high asset statistics.

Chu Dequn looked at it for a while, and saw that others were silent, frowning, "Li, this is a joke.

We admit that the influence from afar is great, and it is not an exaggeration to say the first thing in China.

But in fact, the retail system in the distance has not yet been integrated, and Gome and the distance have not produced the effect of 1 + 1 greater than 2.

If you have completed industrial complementarity and completed resource integration.

You said that the far-end offline retail is worth 150 billion yuan, and the net assets exceed the 100 billion yuan mark. I agree.

But not now!

Carrefour and Gome stores are now in a split state, which has not caused actual industrial expansion, and your profits have not reached a balanced state.

At this time, you give such a valuation, let us recognize, President Li, don't you think it is too much? "

Shen Guojun also looked ugly: "President Li, President Chu means not only President Chu, but all our companies!"

We can agree with some of your views, and we can even give up our channels and let you control them from afar.

However, in terms of fundamental interests, the distant place still wants to maximize the benefits, which exceeds our expectations.

With a net worth of 100 billion yuan, it's awkward, and with the mall in the distance, we barely endorse it.

Now excluding the Faraway Mall and giving such a valuation, Faraway has no sincerity and I cannot accept it! "

"Yes, Mr. Li doesn't really want to take this estimated asset value and tell us about cooperation?

It is estimated that Mr. Li said that the value of remote retail is one trillion yuan in three years, and I have no objection.

But now, we still speak according to the facts.

It should be as much as it should be.

The same is true for us, as much as it should be. The big deal is in brand value, we make some concessions.

Concessions can no longer be made.

Mr. Li, if you eat meat, you always want to give us a soup?

It is difficult for me to accept the benefit sharing proposed by yourself, but now it is such a plan. "

"..."

There was a heated discussion among everyone, and everyone disapproved.

However, Li Dong said, "You, the remote offline retail system, is there a value of 100 billion yuan? Everyone should have the right number.

From afar, there are many self-owned industries, and the proportion of fixed assets is also very high.

More than 2,000 stores, more than 12% of our own property.

This part of the industry was originally prepared to be handed over to Dongyu Real Estate, so as to avoid some debt disputes.

The remote management has proposed several times before, but I rejected it.

Why did I veto this?

It is because we want to maintain the integrity and competitiveness of remote retail!

More than 12% of your own property, complete supply chain channels, in addition, you actually have to add the added value of warehousing and logistics.

Although these two are not in the remote retail industry and the online one, although they are not in it, can the added value really not exist?

Far-distance retail does not exist in isolation, it is just a link in the whole process.

As long as other industries in the distant place remain, distant retail can enjoy special treatment and competitive addition.

If I simply calculate the value of fixed assets, then I am blood loss.

You are considering measuring your interests, I can understand.

However, everyone should consider it from my perspective!

As an integrated industry, do you say that distant retail will be separated from the entire group system by me?

Now that you have enjoyed it, that is the value.

Is total assets of 140 billion really high?

The far-end debt ratio is not too high, which is also one of the performance of high-quality enterprises ... "

Li Dong brags vigorously, but everyone agrees.

With just a few words of Li Dong, the value of the entire group has risen by 40 billion yuan. That money is really not money!

No matter how great the added value, it is less than 40 billion!

Has a distant logistics invested 40 billion now?

According to Li Dong's algorithm, just a distant retail offline group, it can be up to his total assets in November last year.

How many industries have Yuanyuan Technology, Yuanfang Mall, Yuanfang Logistics, Dongyu Real Estate and Weibo earned in a few months?

After earning so much in a few months, Li Dong simply went to grab it.

No, it's not so fast.

Of course, everyone also subconsciously ignored Li Dong's reduction in Weibo's shareholding. This is Li Dong's business and they will not consider it.

There was a lot of discussion, and several executives in the distance also whispered.

Sun Tao whispered: "Who made the valuation of 140 billion yuan?"

Wang Yue shook his head, Chen Lang coughed: "I did it, but first, I gave the estimated value of 120 billion, and then went to the chairman's office for a round, and it became so much."

"A sum of 20 billion ..."

Sun Tao said with emotion: "If this is really done, half of Gome will earn it back with a pen.

You add a sum, he adds a sum, a Gome will return. "

Wang Yue gave him a glance without a good air: "You just talk too much, don't you understand the bargaining?

Now give 100 billion directly?

How will the price be lowered? "

"Can't the pressure be less than 40 billion?" Sun Tao whispered: "Follow this man, don't look at the specific statistics in the future, anyway, just follow the upward trend.

Last time Weibo financing, what do you think will be the result?

Our valuation is 2 billion US dollars, and in a blink of an eye he came to 3 billion US dollars, and finally accepted by everyone with 2.5 billion US dollars.

This year, the face can really be eaten as a meal. Guess what value will be accepted by everyone this time? "

Wang Yue was also a little curious at this time, lowering his voice and saying, "120 billion total assets, I think it is indispensable."

Chen Lang said, "I think it's just a little more."

"Want to gamble?"

"What bet?"

"..."

Several people were chatting, and Li Dong suddenly turned to look at them, his face darkened and said: "It's none of your business, huh? Go and explain the contents of the document to everyone, and analyze why we dare to give this value! "

Several people looked at each other, then immediately dispersed, hurried to communicate with the heads of various enterprises.

Although Li Dong has been saying that there are many people, he cannot take care of everyone.

Some of the heads of larger companies, Li Dong, are communicating in person.

Some small businesses have to rely on them.

Everyone was arguing, and suddenly there was a noise outside the door.

Immediately afterwards, the staff in the distance trot in, and Li Dong whispered a few words.

Li Dong's face was a little ugly, but he recovered quickly and smiled at Shen Guojun: "Don't worry, I know your thoughts, but everyone is in business, and no one wants their children to be valued underestimated.

Over the years, people who have underestimated people in the distance have their faces swollen now.

Now I dare to give an estimate of 140 billion yuan of assets. It takes less than a few months. It is not an estimate, but a fact.

In a few years' time, there will be no surprises when it rolls up.

I do n’t say anything else, just Wal-Mart.

The annual revenue is more than 300 billion US dollars, but the market value is as high as 220 billion US dollars.

And their debt ratio is much higher than the distant one, about 60%.

You think, even if we are listed according to this ratio, if we go public with a revenue of more than 200 billion yuan, the debt ratio will be lower. Is there any difficulty in the market value of more than 150 billion yuan?

Although the market value does not represent everything, it cannot explain other issues.

But when the time comes, you really feel like you're losing money, and you sold your shares. Are you making a big profit?

The net asset value we give you now is only 100 billion. I think the 200 billion yuan listed in the remote retail market is still worth it. Even if you are diluted a little because of the listing, there will be at least a 150% return.

All in all, I definitely did not report an extra penny worth.

And now it is only the valuation on the far side, we have not done statistics on your side, maybe the result is beyond your own expectations.

Everyone is anxious to deny the distance now, wouldn't it deny yourself?

Think about it for yourself. President Sun, you will chat with you for a while, and I will go out. "

Seeing this, Sun Tao hurried over, and Shen Guojun was still in a state of embarrassment. Li Dong, this guy, was really enough!

Even if you compare yourself with Wal-Mart, it is not listed yet in the distance, and now you dare to take this and flicker with them.

If you can go public from afar, our company can't go public?

Once the listing is successful, which company's market value does not rise?

Of course, the industry hasn't increased much, and the gap between the actual value and the actual value of the enterprise is not too big.

...

Just when there was a lot of discussion in it, Li Dong walked out of the canteen door.

The two staring at the door hummed, "I said that the two of you are a bit excessive?

We are in a meeting, and you just rushed in, is it a bit inappropriate?

What's the matter, let's talk after the meeting. "

Ma Yun smiled and said: "Sorry, we really don't know that you are in a meeting, don't you say dinner?

I was thinking, how could dinner be less us, you said yes? "

"Come on, don't pretend to be confused.

In a word, go as far as you can. Do n’t think about messing with me, it ’s useless.

I can say it in advance. It is useless for you to make trouble now. We have all reached an agreement. We are signing a contract. If you are willing to help them to pay liquidated damages, I will be happy to make a lot of money. "

Ma Yun chuckled and said, "How about the ghosts, even if your family's efficiency has broken through the sky, others will not be so fast.

Do you think everyone else is like you, alone, you can do it alone?

I won't go in now, and when they come back, I can still talk.

Li Dong, you have to give me a chance to compete fairly.

What you can give, we can also give! "

Li Dong sneered and contemptuously said: "Do you think that we who do business will take you into the Internet?

What about the market value of billions of trillions?

As soon as the stock market is turbulent, the crying dad yells at his mother, so don't leave the market if you have the skills.

Still fighting with me, what do you want to do with me?

How much cash flow do you have?

Count on Bailian?

Bailian can't take care of itself. After winning the agricultural, commercial and industrial and Yonghui, do you think the government will continue to invest tens of billions to splurge on them?

Don't think too much, I just tell you clearly, I will replace their shares with remote retail shares, what can you do.

If I can really pull a few away, I have to thank you.

I still have a headache now. There are actually 50 or 60 companies left. I estimate that 30 companies will be enough. Isn't this causing me trouble?

If you really can take away one or two dozen, I have to thank you for letting me relax. "

The two people were dark at the moment, and Ma Yun said silently, "What you say is not like you do on the Internet. In addition, you say this yourself, don't regret it!

If we draw the backbone of these companies, even if the alliance is established, it doesn't make much sense. "

Li Dong smiled and said: "Then you try it well, I still believe that the will of the small business is not firm.

If you really have this ability, Lao Shen will stay here and talk to me?

You haven't seen it. Old Shen just couldn't wait for it, and wished to sign a contract with me immediately.

I have Li Dong in the distance, and that is the embodiment of interests. Whoever goes is silly.

Follow you two?

What are you mixing?

That performance on the mixed line?

Just kidding!

How much is online now?

We accounted for more than half of our distance. What capital do you have to fight me?

Come on, I'm too lazy to hit you. You are now hurrying back to each family to find your mom. I will discuss something important with you tomorrow.

I said in advance that there was a serious matter of seriousness.

The offline retail alliance is not worth mentioning compared to this.

IT companies should do what IT companies should do. If you blend offline, you are crossing the line. By then, I will not say anything. "

Ma Yun and Ma Huateng glanced at each other, and for a while, Ma Huateng slowly said: "OK, then tomorrow I would like to hear what you say.

Li Dong, this time it's not that we want to block it, but other retail companies will not agree!

If there is no accident now, they should all be here.

I really want to see if you can successfully complete this alliance plan. "

Li Dong laughed and said: "Then don't worry, little brother, worry, I think my Li Dong's credibility should be better than others."

To put it this way, although there are some pretentious elements, Erma is helpless.

That's right, Li Dong's reputation is not comparable to the heads of other companies.

It is difficult to say whether the conditions agreed by Bailian can be met.

Ma Yun exhaled, thinking for a while before saying: "Have you considered distant retail and Ali cooperation?"

Ma Huateng was stunned. This guy was really capable, able to bend and stretch, and could not make trouble. He immediately proposed cooperation. This change was really fast enough.

The opposite Li Dong also pondered, and said after a while: "Not at present, you did not come up with something that I value.

You ca n’t do it at home, if you can open the online market abroad, I do n’t mind working with you once ~ www.wuxiaspot.com ~ what is the benefit?

I ’m talking about China. Ali has the foundation. If you want to complete the online and offline integration strategy, leaving Ali will take at least three more years! "

Li Dong cut it and looked at the time and said, "There is no time to talk to you about it. I still have something to do. You are waiting here without going back. I have to go in."

In addition, we are holding a confidential meeting. If you break into it, I will call the police. "

Leaving this, Li Dong returned to the cafeteria again.

Ma Yun, who stayed in place, shook his head and said, "This guy doesn't even let us in. I might want to complete the cooperation directly tonight."

"Is it so fast?" Ma Huateng was suspicious.

Ma Yun thought about it while touching his chin: "It's hard to say, go back first, I'm not interested in blowing cold wind here.

But tomorrow is a lot more digging. In addition, from now on, we have to be prepared for it.

To prevent being caught flat-footed by this guy, the final issue is the mobile strategy. Let's discuss it. One person is short and the other is long. Let's figure out what he will do next. "

Ma Huateng nodded. Originally, he didn't have so many intersections with Ma Yun, but now, under the threat of Li Dong, he naturally became an alliance.

Enemies of enemies are friends.

It is not bad to go back and listen to Ma Yun's judgment. The industry has said that this guy has enough ideas besides being able to flicker, and maybe he can hit a little spark.

I really have to figure out Li Dong's pulse, maybe I can fight back.

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