Chapter 1374

Far away canteen.

At the moment, keep absolutely quiet. Everyone is looking at the documents sent from far away.

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

Distant new retail group!

It will cut out the online distant shopping mall, go out independently, integrate into the new Guomei system, and form a new offline retail group.

And the brand-new offline retail group has gathered distant, Carrefour, Guomei, Shidai, Suguo, Yongan, Kelong This series of retail enterprises.

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

Far away retail group, without Gome and online, has exceeded the 40 billion mark in total assets.

After that, the company continued to expand and invest in the distance.

In addition, there are more distant actions in the later stage, more and more fame, and the value of fixed industry and brand has increased. In the past half year, the value has increased a lot.

Today's distant retail, without the addition of online and Guomei, 50 billion is absolutely there.

Last year, just offline, the revenue of distant supermarkets reached 110 billion yuan.

Although revenue is not the standard to measure the value of an enterprise, it is also enough to roughly estimate some things.

The revenue is 110 billion yuan and the profit is close to 10 billion yuan.

At this time, if the remote supermarket is listed, even according to the 10 times P / E ratio, the market value of about 100 billion yuan is still OK.

Of course, market value does not represent assets, but market value is also the embodiment of value.

Today, the distant supermarket and Guomei are integrated, with a total revenue of nearly 200 billion yuan.

This is the authentic offline retail giant group!

Last year, Sulin, the second largest company in the world, and the third hundred companies, together, earned about 200 billion yuan in revenue.

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

If we say that the retail business value of Sulin and Bailian is 100 billion, although their revenue is similar, the value can not be equal.

Like the distant PP, although weaker than QQ, but now, less than how weak.

However, the first is the first. Teng Xun's main business is instant messaging. The market value of Teng Xun is as high as $20 billion.

And far away PP is now listed alone, let alone 20 billion dollars, can have 10 billion dollars on the top of the sky.

Therefore, after the restructuring of the offline system of the remote retail group, the total assets of Guomei were about 100 billion yuan.

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

When purchasing Guomei, Li Dong still owed a lot of money, which was included in the liabilities of the offline retail group.

The total assets of RMB 100 billion and the net assets of RMB 60 billion are not underestimated.

However, at the moment, the documents given from afar have given a new valuation.

With Guomei, there are a total of 2108 stores in the remote offline retail system, and 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's just a joke that such a high asset statistics should be given from afar.

Chu Dequn looked at it for a while. Seeing that other people were silent, he could not help frowning and said, "Mr. Li, this is a bit of a joke.

We admit that the influence from afar is great, and it is not too much to say that we are the first in China.

But in fact, the distant retail system has not yet been integrated, nor has the effect of "1 + 1 greater than 2".

If you have completed industrial complementarity and resource integration.

You said that the value of remote offline retail is 150 billion yuan, and the net assets have exceeded 100 billion yuan. I agree.

But not now!

The stores of Carrefour and Guomei are all in a state of segmentation up to now, which has not caused the actual industrial expansion, and your profits have not reached a balanced state.

At this time, don't you think it's too much for Mr. Li to give us such a valuation? "

Shen Guojun also looked ugly and said: "Mr. Li, the meaning of general manager Chu is not only the meaning of general manager Chu, but also the meaning of all our enterprises!

We can agree with some of your views, and even give up our channels to you to master from afar.

However, in terms of fundamental interests, it is beyond our expectation to maximize the interests from afar.

The net assets of 100 billion yuan, to say the least, and the distant shopping mall, we reluctantly recognize it.

Now, I can't accept such a valuation even if we exclude the distant shopping malls. We have no sincerity from afar

"Yes, Li does not really want to use the estimated value of this asset to talk about cooperation with us?

It's estimated. Mr. Li, you said that the value of distant retail in three years will be one trillion yuan. I have no objection.But now, we still speak according to the facts.

It's just as much as it should be.

We are the same way. We should make some concessions in the brand value.

No matter how much concession, we can't make it to this point.

Mr. Li, when you eat meat, you always give us some soup, don't you?

It's hard for me to accept your own proposal of benefit sharing

“……”

There was a burst of heated discussion, and everyone disagreed.

However, Li Dong was not flustered and said: "ladies and gentlemen, whether the value of the remote offline retail system is 100 billion yuan or not should be known in your mind.

Far away, there are many self owned industries and a high proportion of fixed assets.

With more than 2000 stores, we own more than 12% of our own properties.

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

The management from afar has proposed it several times before, but it has been rejected by me.

Why do I veto that?

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

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

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

Distant retailing is not an isolated existence, but a link in the whole process.

As long as other industries are still in the distance, remote retail can enjoy special treatment and competitiveness.

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

I can understand that you are weighing your interests.

However, we should also consider it from my point of view!

As an integrated industry, do you think that distant retailing will be separated from the whole group system by me?

Now that you enjoy it, that's the value.

Is the total assets of 140 billion yuan really high?

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

Li Dong was able to boast, but no one would agree.

With a few words from Li Dong, the value of the whole group rose by 40 billion yuan. That money is not money!

No matter how large the added value is, it will be less than 40 billion!

Does a remote logistics investment amount to 40 billion?

According to Li Dong's algorithm, a remote retail offline group alone can match his total assets in November last year.

How many months did he earn such industries as remote technology, distant shopping mall, distant logistics, Dongyu real estate and microblog?

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

No, it's not that fast.

Of course, people have also subconsciously ignored the reduction of Li Dong's shares in Weibo. This is Li Dong's business and they will not consider it.

There was a lot of discussion, and several executives from afar also talked in a low voice.

Sun Tao said in a low voice: "who made the valuation of 140 billion yuan?"

Wang Yue shook his head, and Chen Lang coughed softly: "I did it, but first of all, I gave an estimated value of 120 billion yuan. Then I went to the chairman's office for a circle, and that's all."

"A sum of 20 billion..."

Sun Tao said with some emotion: "if this is true, if you start writing, half of the national plum will be earned back.

You add a stroke, he adds a stroke, and a national plum will come back. "

Wang Yuebai glanced at him, but he didn't have a good way: "you talk too much, don't you understand the bargaining?"?

Now give 100 billion?

How will the price be lowered later? "

"No more pressure, no more than 40 billion?" Sun Tao said in a low voice: "follow this jerk. Don't look at the specific data statistics in the future. Anyway, it's right to follow up.

What result did you think of the last micro blog financing?

We valued it at $2 billion. In a flash, he came up with $3 billion. In the end, he was accepted by everyone for $2.5 billion.

Nowadays, face can really serve as a meal. Guess, how much value will it be accepted by everyone in the end? "

Wang Yue was also a little curious at this time, and said in a low voice: "the total assets of 120 billion yuan are indispensable to me."

Chen Lang said, "I think more is right."

"How about a bet?"

"Bet on what?"

“……”

Several people were chatting, Li Dong suddenly turned his head to look at them, his face painted black: "no more of you, right? Go to explain the content of the document and analyze why we dare to give this value! "

Several people looked at each other, and then they rushed to communicate with the person in charge of each enterprise.Although Li Dong has been saying that there are many people, he can't take care of everyone.

Li Dong, the person in charge of some larger enterprises, is personally communicating.

And some small enterprises have to rely on them to cheat.

All of them were arguing when there was a noise outside the door.

Then, the staff from afar trotted in and whispered a few words in front of Li Dong.

Li Dong's face was a little ugly, but he soon recovered. He said with a smile to Shen Guojun: "don't worry. I know your mind, but everyone is in business. No one wants his children to be undervalued.

Over the years, people who underestimate the distance now have their faces bruised.

Now I dare to give an asset estimate of 140 billion yuan. It will not be an estimate but a fact in a few months.

In a few more years, it's nothing to be surprised about.

I don't say anything else but Wal Mart.

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

Moreover, their debt ratio is much higher than that in distant places, about 60%.

Do you think, even if we go public in this proportion, if we go public, we will have a lower debt ratio if we have more than 200 billion revenue, and the market value will be more than 150 billion?

Although market value does not represent everything, it can not explain other problems.

But at that time, you really want to feel the loss, sell the shares in your hands, do you say are all making a lot of money?

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

All in all, I never overstated the value of a cent.

What's more, it's just the valuation from far away. We haven't made statistics on your side. Maybe the result is beyond your own expectation.

We are anxious to deny the distance now. Is that not to deny yourself?

Think about it for yourself, Mr. Sun. You can chat with us for a while, and I'll go out. "

Sun Tao came over in a hurry, but Shen Guojun was still in a daze. Li Dong is a good guy!

Even if you take yourself and walmabi, if you haven't listed in the market far away, you dare to fool them with this one.

If you can go public from afar, our enterprises can't be listed?

Once listed successfully, which enterprise's market value does not rise?

Of course, the rise of industry is not much, and the gap between the actual value of enterprises is not too large.

……

Li Dong walked out of the cafeteria door while he was talking about it.

Staring at the two people in front of the door, he hummed, "I said you are too much, right?

We are in a meeting, you just burst in. Isn't it a bit inappropriate?

We'll talk about it after the meeting

Ma Yun said with a smile, "I'm sorry, I'm sorry, we didn't know you were in a meeting, didn't you say dinner party?

I thought, how can dinner be without us, don't you

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

In a word, go as far as you can. Don't try to make trouble for me. It's useless to make trouble.

I have said in advance that it is useless for you to make trouble now. We have reached an agreement and are signing a contract. If you are willing to help them pay for the breach of contract, I will be happy to make a lot of money in vain. "

Ma Yun sneered and said, "you fool ghosts. Even if your family's efficiency has broken through the sky, others are not so fast.

Do you think everyone else is like you, alone and in charge?

I don't go in now. When they come out, I can still talk.

Li Dong, you can't help but give me a chance to compete fairly.

What you can give, so can we! "

Li Dong sneered and said scornfully: "do you think we do industry, will you do Internet in the eye?

What about the market value of billions?

When the stock market is in turmoil, you should not withdraw from the market if you have the ability.

Still fighting with me, what are you fighting with me for?

How much cash flow do you have?

Count on a hundred companies?

Even Bai can't care about himself. After taking over the agriculture, industry and Commerce and Yonghui, do you think the government will continue to invest tens of billions of dollars to spend on them?

Don't think too much. I just tell you plainly that if I replace their shares with distant retail shares, what can you do.

If I can pull some away, I have to thank you.

I still have a headache now. There are still 50 or 60 enterprises left. I estimate that 30 enterprises will be enough. This is not a problem for me.

If you can really pull away ten or twenty families, I must thank you for letting me breathe a sigh of relief

At this time, their faces were dark. Ma Yun said speechless, "what you said is like you don't do Internet. In addition, you said it yourself. Don't regret it!If we take away the backbone of these enterprises, even if the alliance is established, it will not make much sense. "

Li Dong said with a smile: "well, you try to have a good view. I still believe that small enterprises are not determined.

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

You haven't seen that old Shen just can't wait to sign a contract with me.

Li Dong in the distance, that is the embodiment of interests, who go who is stupid.

Follow your two horses?

What the hell?

What's the performance of hybrid online?

You're kidding!

What's the scale of online?

We occupy more than half of the distance. What capital do you have to fight with me?

Come on, I don't want to beat you. Now go back to your home and find your mother. I have something important to discuss with you tomorrow.

Let me say in advance, serious business.

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

IT enterprises should do what it enterprises should do. If you are involved in offline, you will cross the line. If I don't say it at that time, it may not be necessary. "

Ma Yun and Ma Huateng looked at each other for a long time. Ma Huateng said slowly, "OK, I'd like to hear what you say tomorrow.

Li Dong, it's not that we want to stop this time, it's that other retail enterprises won't agree!

If there is no accident now, they should all be in this way.

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

Li Dong said with a smile: "then don't worry about brother ma. I think I have a better reputation than others."

Although there are some elements of pretending to be forced, the two horses are helpless.

That's right. His reputation as Li Dong is not comparable to that of the person in charge of other enterprises.

It's hard to say whether the conditions they promised can be fulfilled.

Ma Yun vomited a tone, considered for a while just way: "considered distant retail and Ali cooperation?"

Ma Huateng was stunned. This guy is really good. He can bend and stretch. If he can't make trouble, he immediately proposes cooperation. This change is really fast enough.

Li Dong in the opposite side also pondered and said for a long time: "not at present. You haven't come up with something that I value.

If you can open up the online market abroad, I don't mind cooperating with you once. "

Ma Yun hummed: "you want to be beautiful. You take advantage of the cheap. What's the advantage of me?

It means that in China, Ali has a foundation. If you want to complete the integration strategy of online and offline, it will take you at least three years to leave Alibaba! "

Li Dong cut it, looked at the time and said, "I don't have time to talk to you about this. I have something to do. If you don't go back, you will wait here. I have to go in.

Besides, we are in a secret conference. If you break through, I will call the police. "

Leaving this, Li Dong returns to the canteen again.

Ma Yun, who stayed in the spot, shook his head and said, "this guy doesn't even give us the door. Maybe he wants to finish the cooperation directly tonight."

"So fast?" Ma Huateng has some doubts.

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

But tomorrow is going to have to explore more. Besides, from now on, we have to be prepared for prevention.

In order to prevent being caught off guard by this guy, the final issue is the mobile strategy. Let's discuss and discuss one person's plan for short term and two people's plan for long term. We can figure out what he is going to do next. "

Ma Huateng nodded. Originally, he and Ma Yun did not have so much intersection, but now, under the threat of Li Dong, they naturally become an alliance.

Go back to listen to Ma Yun's judgment is also good, the industry said that this guy in addition to swindle, the idea is also enough to fly, pointing out that it may collide a little spark out.

Nowadays, all the people who can cheat are able people. Without seeing Li Dong's big swindle, the better he gets.

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