Chapter 947

This night, Li Dong showed his great power.

Yuan Xue, who had just tasted the forbidden fruit, didn't open his eyes until noon the next day.

Looking at the strange ceiling, Yuan Xue suddenly woke up.

What happened last night flashed clearly in my mind.

His face changed, and Yuan Xue turned to look at his side.

Yuan Xue's face did not change.

Hair for a while Leng, this time, the bathroom door was pushed open, Li Dong wrapped bath towel came out.

Seeing yuan Xue wake up, Li Dong immediately said with a smile: "wake up? I'm hungry. I'll make some porridge in the hotel. I'll be fine later. "

Yuan Xue saw him, relieved at the same time, but also thought that this guy was half forced to take himself last night. He immediately looked ugly and said, "you haven't left yet!"

Li Donglian said in a hurry: "how can you? This is not inconvenient. I have to stay to take care of you."

"Hypocrisy!"

Yuan Xue snorted and didn't pay any more attention to him.

What happened last night, she didn't drink, she knew it.

Bed is on, or their own half - hearted consent, this time no more affectation is not interesting.

Just think of wearing clothes, probably some discomfort, yuan Xuexiu eyebrows slightly frown.

Li Dong saw the situation and rushed to the front: "lie down for a while, and get up after eating."

"What time is it?"

"A little more than 12 o'clock."

"Bring me my clothes." Yuan Xue heard all afternoon, his clothes and throw all over the ground, not from the command of Li Dong.

Seeing her insistence, Li Dong had to help bring the clothes.

Yuan Xuegang ready to put on clothes, think about it and look at him again: "go to the bathroom, I wear clothes!"

Li Dong said with a dry smile: "no, we are both like this..."

That's what he said. He said that all the people were ready to leave, but yuan Xue didn't let him go again. He dressed himself.

Looking at the naked beauty in front of him, Li Dong is a little thirsty.

However, at this time, Li Dong thought that Yuan Xue had been tossed up and down last night. I'm afraid he can't bear it again.

……

Dressed and washed.

Yuan Xue doesn't talk to Li Dong either. He picks up his satchel and leaves.

Li Dong immediately blocked her and said, "where are you going?"

Yuan Xue frowned and said, "it's afternoon to go to the company."

"What company are you going to? I can't afford to support you. Please take a few days off first, quit my job and go back to Jiangbei with me..."

Before he finished speaking, Yuan Xue stared at him and said, "Li Dong, don't think you and I have sex. I'll depend on you for my whole life.

I'm not your vassal, and I don't need you to support me. "

Li Dong quickly explained, "I don't mean that."

"Don't think too much about it, whether it's true or not." Yuan Xue snorted: "last night when I vent my desire, anyway, I paid for the room fee, it will be a package for you for one night, so now we are both cleared."

Li Dong's mouth twitches. What do you say? Do you want me back?

What's more, you're a loser.

Just ready to speak, Yuan Xue continued: "don't say anything. Let me calm down first. Don't come to me these days. I have some things I haven't figured out yet. I'll contact you when I've figured it out."

Hearing the speech, Li Dong pondered for a while and said, "you won't hide from me again, will you?"

Yuan Xue glanced at him and said, "you are so cow now, can I hide?"

Without giving him a chance to speak, Yuan Xue went straight out.

Li Dong quickly followed up.

When she got out of the hotel, yuan Xuezhao stopped a taxi. Li Dong was about to get on. Yuan Xue turned and said, "don't follow me. I'm not so vulnerable. I said, I want to calm down now, you follow me, I am upset

Li Dong's face was chatting. Seeing her resolute attitude, he thought for a moment: "I'm staying in room 3608 of the four seasons hotel. I'll be in Shanghai these days. My phone number is still the same as before. Please call me.

By the way, you changed the number. What's the number now?

What's more, I'd better take a few days off when I'm back. I'll see you when I've finished my work... "

Li Dong said that Yuan Xue had already got on the car. When his voice dropped, Yuan Xue dropped a "know" and left directly.

See her free and easy to go, Li Dong on the contrary a face tangled.

At first, he thought that if he could not make a good job today, he would make a cry, two troubles and three hanging. No matter how bad yuan Xue was, he would certainly talk about Qin Yuhan.

As a result, Yuan Xue didn't say anything and was more calm than Li Dong, which made Li Dong hurt a lot.

Just as he was struggling, Tan Yongshen came out behind him and said in a low voice, "Mr. Li, I've got Miss yuan's address.

In addition, Mr. Chen and Secretary Bai all called in the morning and said that Carrefour's plan had come out. "

Li Dong nodded slightly. He watched the taxi disappear in front of his eyes, and then he said in a voice: "go back. First finish the work.""Good."

……

May 8th.

Li Dong and Duran met again.

The two sides talked about the acquisition in general, but the details have not been discussed.

Du Lan is a businessman. The businessman will not make a wrong choice because of his anger. He did not refuse to negotiate with distant places because Li Dong made trouble last time.

Duran is still happy to see his participation in the acquisition from afar.

However, Duran also made a request that Carrefour only accepts the overall M & a plan.

That is to say, Carrefour wants to sell as a whole, but Li Dong's plan to purchase some stores has completely failed.

If you want to win Carrefour, you have to include those stores that overlap with the distance.

Carrefour is not stupid. It can pick and choose for you. All the stores with good location have been picked out. What about the rest?

If you want to talk, you have to talk together.

This is the basic requirement. Only when the basic requirements are met can we have the next step. Otherwise, we can withdraw directly from afar.

After talking with Duran, Li Dong left Carrefour headquarters.

On the bus, Li Dong rubbed his temple and asked Chen Lang, "Mr. Chen, can you give me an estimate of the estimated value if Carrefour is sold as a whole?"

Chen Lang is the famous King of mergers and acquisitions in the industry. He knows more about valuation than Li Dong.

Li Dong and Sun Tao had estimated once in Pingchuan, but at that time, what Li Dong wanted was to take about 80 stores.

The total value is about 8 billion, but it is estimated by Li Dong himself.

If we really want to go on, we have to find a professional organization to evaluate it.

Both sides will ask a third party to evaluate a merger involving such a large amount of money.

Li Dong asked, Chen Lang was not flustered. Chen Lang had made a plan long before Li Dong came to Shanghai.

After organizing the language, Chen Lang said slowly: "such a large-scale retail merger and acquisition has happened once in China before.

When Wal Mart acquired trust Mart last year, it was similar to ours.

At that time, trust Mart was valued at around 8.5 billion yuan.

At that time, the annual sales volume of trust Mart was 13.2 billion yuan, and the general evaluation agencies adopted three schemes.

Market value method, income method, discounted cash flow method.

The discounted cash flow method is the simplest method for valuation, which includes annual sales volume, annual sales growth rate, sales profit margin, income tax rate, growth rate of fixed assets, etc This series of data are estimated.

If we calculate by this method, Carrefour's annual sales volume last year was 29.6 billion, with an annual growth rate of 12.5% and a sales profit margin of 15%

Chen Lang lists a lot of data. Although Li Dong has a headache, he doesn't interrupt.

There are some things that must be understood.

Moreover, Chen Lang is only a brief introduction. It's good to know something about it after listening to it.

After a brief talk, Chen Lang finally said, "if we evaluate according to this plan, the total value of Carrefour now reaches 16 billion."

Li Dong frowned and said, "isn't it so high?"

Chen Lang said with a smile, "Mr. Li, don't worry. As I said, this was Carrefour before, but now it's different.

Moreover, we don't need Carrefour's brand this time. Moreover, Carrefour has been in China for 13 years, and many store leases are about to expire.

At this time, the value will decline greatly.

Without these factors, the estimated value should be around 12 billion. "

"12 billion!"

Li Dong has some toothache. When he said 8 billion yuan before, everyone thought it was useless. Don't say 12 billion yuan.

Although Chen Lang's valuation is not the value given by professional institutions, Chen Lang has done many merger and acquisition plans. Even if there is a gap, the upper and lower levels should not be big enough.

12 billion is too much. Li Dong can't accept it.

Don't mention him. At this time, I'm afraid few domestic enterprises can accept it.

Among the five shortlisted enterprises, it is almost impossible for Yintai and Bailian to provide 10 billion funds except Tesco and Huarun.

Of course, it's the same from afar. If it's more than 10 billion, it won't come out.

Unless Li Dong is willing to invest all the money in the stock market, it is not enough.

Seeing Li Dong frown, Chen Lang said with a smile: "but don't worry, even if the real value is so much, the money is not taken out at one time.

We can refer to Wal Mart's merger and acquisition of trust mart to carry out, and first purchase about 30% of Carrefour's shares.

For the remaining 70%, we can operate for three years and then decide whether to buy them all or withdraw from the market.

In this regard, I think Carrefour should agree to a large-scale M & a plan, which is the safest and the least risky.

Of course, in fact, joint venture can be adopted, but we will not discuss it now.

If we only purchase 30% of the shares, we will pay about 3.6 billion in cash in the first phase, or even less. "Li Dong also knows this, but he seldom uses such a scheme.

In the past, distant mergers and acquisitions were all open and wide-ranging, and they were directly acquired by wholly-owned enterprises.

It's not that Li Dong has too much money to spend. It's mainly a wholly-owned merger and acquisition, which is easy to integrate resources and quickly form a combat effectiveness.

But according to Wal Mart's situation of good and many, if only part of the shares were taken by the company in the early stage, it would be equivalent to a joint venture, and it would also give Carrefour a chance to make a comeback.

In addition, it is not easy to integrate resources from afar because it is not a holding company. In a word, it is very troublesome.

Of course, the risk from afar will be much smaller.

But in fact, for Li Dong, the risk is not the risk. He knows better than others.

After three years of operation, it will be too late to integrate again.

It took 11 years to integrate Carrefour stores. Good guy, it was just the impact of e-commerce that Li Dong had to die of depression.

Slightly breathed a breath, Li Dong said: "how to talk about the plan? It's not yet time. Let's submit the plan to Carrefour first.

And by the way, we'll also find a third party to evaluate the value of Carrefour. "

Chen Lang replied: "well, I'll arrange it right away. If it is a third party, you can find UBS Investment Bank. The assessment in Switzerland should be fair and accurate.

By the way, Mr. Li, when will you return to Jiangbei? "

"In just a few days, this place will be handed over to you for the time being."

M & A is not a day or two, and it will take at least one month to review and evaluate the preliminary plan.

When it comes to money, it will probably be the second half of the year.

Now Li Dong has a lot of things on hand, and it will be 5.12 soon.

Li Dong is not at ease when he is not in Jiangbei.

Before the 12th, he must return to Jiangbei.

Then Li Dong thought of Yuan Xue again. The woman didn't call her when she went back. She didn't know what she was thinking.

If she doesn't come, she must have a look before she leaves.

Time is pressing. At this time, Li Dong doesn't care to let her calm down.

Thinking about something, the car stopped at the door of the hotel.

As soon as Li Dong got off the bus, Bai Su hurriedly met him and said, "Mr. Li, just now Mr. Yuan called."

Hearing that it was yuan Chengdao, Li Dong immediately asked, "what's the matter?"

"Diao Bao just released a message."

Li Dong had a headache and said, "what's wrong with Ma Yun?"

Now he does have a lot of things, and he can't spare much energy to fight with Ma Yun.

According to Li Dong's idea, it's OK to go on like this at present.

The real outbreak of remote shopping malls has to wait for the era of mobile client.

However, he does not want to fight now, which does not mean that Ma Yun will live in peace.

Seeing his headache, Bai Su couldn't help but turn up the corners of his mouth. He didn't dare to show it. Bai Su quickly reported: "Diao Bao has just released an announcement. In the second half of this year, it will build a" treasure city "and be positioned as a large-scale online shopping center with an investment of 1.5 billion yuan.

At present, it seems that an agreement has been signed with Lin'an government.

In addition, at the same time as "tuobao city", Ali's mother and Diao Bao are officially merged to build it into the world's largest e-commerce ecosystem. "

Li Dong didn't pay attention to the matter of taking out treasure city, but when he heard that Ali's mother wanted to merge with tuobao, Li Dong couldn't help being distracted.

This is to take the route of big data. Ma Yun really has such a poisonous eye.

I'm afraid Alibaba cloud will come out soon.

The future of the Internet can not be separated from big data. Li Dong is not ready for this, but he is a step ahead of others.

Li Dong breathed his breath, which was also impossible.

Some things don't mean that the prophet is useful. At least, compared with digging treasure, the foundation of remote technology is still too weak.

Now even their own data center has not been built, let alone cloud computing.

Fortunately, google is willing to provide some technical and talent support for the financing of microblog last time, so as to see if we can get some good things from Baidu.

www.novelhall.com , the fastest update of the webnovel!