Chapter 381： 50 billion valuation?

To be honest, don't say that Anjilina thinks that this child, oh, it should be that the appearance of these two children was unexpected, and Chen William himself also did not expect that he and Anjilina would really have a child.

But since things have come to this, at least he can't say that he will let her bring the child to raise alone, he will definitely want the child to stay by his side. But this matter, we can't be too tough now, we can only think of a way to take it slowly.

Therefore, in the end, the result of the conversation between William Chen and Angelina was just four words, let it take its course.

Angelina did not explicitly say that she would follow her, and she no longer insisted on raising children by herself. It just depends on the development of the two people.

As for the period of pregnancy, Anjilina is very famous after all, and she does not want to live under the stalking and filming of the media, so she decides to go to France to give birth, where she has a quite large manor, ready to He lived there until the child was born.

Well, it can only be like this for the time being. Later, when there is time, he will visit each other often and slowly let her change her mind. At present, William Chen can only temporarily go to this level.

And at this time, he didn't have much time left in the United States, and he still had to deal with Groupon and Wal-Mart Group. On July 16th, the World Swimming Championships in Magic City will start, and Chen William is there. Before that, I had to rush back to China to participate in that competition.

I spent a day with Angelina here, and the next day, William Chen made an appointment with people from the Walmart Group and decided to meet them first to see what they thought about Zoom.

The person who came to Los Angeles to meet William Chen was the president and CEO of Walmart Group, Lee Coster. From here, it can also be seen that Walmart Group seems to be a must for Zoom, after all, as the world's largest retail group , with a market value of nearly 200 billion US dollars, the leader of a large company that has been in the forefront of the world's top 100 companies all year round, the other party does not have much time to waste, even if he needs to face the super rich Chen William.

In 1971, Scott received a degree in business administration from Pittsburgh State University and entered YellowFreight as a salesperson.

At the time, Walmart was a small company in the United States, and Scott was ordered by his boss to collect $7,000 in debt.

During the contact, David Glass, who later became the president of Wal-Mart, took a fancy to the young man and invited him to work at Wal-Mart.

Scott declined Glass's offer, and his answer at the time was: "I can't go to a company that doesn't even pay $7,000 to get a job."

In 1979, Glass invited Scott again, and this time, Scott was tempted.

In 2000, Glass left office, he chose Scott as his successor.

So far, Lee Scott has worked in the Wal-Mart Group for 32 years, and has also served as the President of the Wal-Mart Group for 11 years. lead out of the crisis.

However, after Chen William saw the other party, he said bluntly: "Mr. Scott, we are all time-valuable people, so I think there is no need to go around in circles and judge as soon as possible whether it is necessary to continue talking, which is very beneficial to both of us. important things."

"Yes, William, I agree with this too, but since I chose to come here to meet you, you should be able to understand that we, Wal-Mart Group, are very sincere."

Hearing William Chen's words, Lee Scott nodded and said in agreement.

"With all due respect, your presence here in person can only show that the Walmart Group really hopes to acquire Zoom, and whether it is sincere... Then can you tell me what your offer to acquire Zoom is? I believe this It is the greatest expression of sincerity.”

This question is very straightforward and difficult to answer, but of course Scott will not be stumped by such a direct question, he said with a smile:

"William, I can understand what you're thinking, when everyone sells a company, they expect a good price. But sometimes what seems a good price at the time is not necessarily a better choice, like Yes, if you are confident enough in Zoom, then we can also allow you to keep a part of the company's shares, so that you will not miss the development results of Zoom in the future, and we will exchange shares of Zoom with Walmart Group shares, the same , with the help of Zoom, Walmart Group can grow, and you will also benefit from Walmart stock, so in the long run, it will be a better choice."

"Then there will always be a valuation for Zoom, isn't it? Mr. Scott."

William Chen asked.

"Yes, we Walmart Group are willing to buy Zoom for $30 billion, which I think is a reasonable price, William."

"Really?" William Chen said with a smile: "Sorry, Mr. Scott, I don't know if you know that Groupon's current valuation has reached 25 billion US dollars, and only 40% of the company held by Zoom. % of the shares are worth 10 billion US dollars, so in your opinion, the valuation of our Zoom company itself is only 20 billion US dollars? Not as good as Groupon?”

William Chen's words made Lee Scott silent for a moment, and he asked:

"So how much do you think Zoom is worth? Mr. William."

"In my opinion, Mr. Scott, for Zoom's offer, I will not consider it below $50 billion."

"50 billion?"

Seeing Scott's expression, William Chen knew that his offer greatly exceeded his expectations, he said with a smile:

"Yes, Mr. Scott, $50 billion. As I said just now, the Groupon stock held by Zoom alone is worth $10 billion. In addition, Zoom is growing rapidly, In the past four quarters, the turnover has been close to half of Amazon's, and the distance between the two will continue to be shortened."

"Now that Amazon is a public company, their market value has exceeded $75 billion. Taking them as a reference, Zoom's original valuation is set at $40 billion, which is very reasonable. This is what I gave a valuation of $50 billion. reason."

After saying this, William Chen spread his hands and said to Scott:

"It just seems that this valuation is difficult for Walmart Group to accept."

"This is indeed difficult for us to accept, William, you must know that even our Wal-Mart Group has a current market value of less than 200 billion US dollars. The board of directors will not think that Wal-Mart Group has so many supermarkets around the world, so many employees, creating The value is only equivalent to 4 Zoom companies."

"It's not difficult to understand, Mr. Scott, your current market value is only a little more than two Amazon companies, and I'm afraid you will be overtaken by Amazon soon. This is not a very far thing."

When William Chen talked to Rob Walton, the Walton family spokesman, about his desire to acquire Zoom, he told him that when he thinks Zoom is worth $15 billion, we will talk about it. It seems that They are very patient. The price offered this time is 30 billion US dollars, which is even more than double the 15 billion US dollars that Chen William said before. I am afraid that in their opinion, this price is very sincere.

But sorry, after all, they have always been in the traditional retail industry, and Amazon and Zoom can be attributed to Internet companies, and their concepts are different, so it is difficult for them to understand that Internet companies face global customers. There will be such a phenomenon of explosive growth in market value that it has an advantage in the field of , which is why William Chen is not optimistic about the development of Zoom after it belongs to the Wal-Mart Group.

Yes, belonging to the Walmart Group can bring a more complete logistics and warehousing system to Zoom. Users of Zoom can immediately obtain a wealth of products from Walmart Group, and even the products they purchased can be packaged and delivered directly from Walmart stores. This will greatly increase the competitiveness of both Walmart and Zoom.

But at the same time, one is the entity-based retail industry, which belongs to the traditional industry; the other is the Internet and technology-based e-commerce, there is a natural contradiction between the two, such as the Wal-Mart Group, they can tolerate the above Zoom. Are items cheaper than those in their brick-and-mortar stores, causing the loss of brick-and-mortar users? After this happens, can you still firmly support the development of Zoom, instead of raising the prices of products on Zoom in order to avoid the loss of customers in physical stores and supermarkets?

You must know that Walmart Group is a listed company. They have countless supermarkets around the world. Currently, physical supermarkets are their main body. They will ignore the influence of Zoom on the turnover of physical supermarkets, and they will fall sharply, resulting in profits. Decrease, the stock price fell, and still firmly support the development of Zoom?

I'm afraid this is impossible, so if Zoom is acquired by the Walmart Group, the end result is that Zoom will never be eligible to compete with Amazon, not to mention catch up, and it will soon become a An e-commerce vassal of the Walmart Group eventually fell.

These are all determined by the traditional industry genes of Walmart Group.