I Have 100 Million Stores

As soon as Cao Xingyu finished speaking, curious eyes from the audience suddenly turned to Cao Xingyu.

Looking at this situation, what big event is Mr. Cao going to announce? !

After realizing this, everyone sat upright and pricked up their ears, fearing that they had missed something, and then picked up their pens one by one to take notes.

In this kind of atmosphere, even Xie Qing couldn't help but cheer up.

It's so serious and solemn. Is this guy, or the capital behind this guy, planning to play any new tricks?

Xie Qing muttered secretly in his heart.

Feeling the hot gazes around him, Cao Xingyu just smiled lightly and said concisely:

"The first thing is to increase the number of subsidiaries under the group!"

"Increase the number of subsidiaries?" Hearing this, everyone looked puzzled.

Of course, everyone is aware of the fact that the group has two subsidiaries.

But in their impression, those two subsidiaries were actually just empty shells, not what a company should look like at all.

That’s why we need to add subsidiaries?

At this time, when no one dared to ask, Liu Ting raised her eyebrows and took the lead in answering:

"Mr. Cao, we already have two subsidiaries, Shi Entertainment and Shi Catering. Do we want to add more?"

"And there's another problem. Our subsidiaries actually don't really play any role. Except for the subsidiaries where some of our bottom-level employees work in corresponding industries, the subsidiaries are basically just empty shells."

"Well, the fact that the subsidiary company you mentioned is an empty shell is another thing I want to mention." Cao Xingyu nodded approvingly towards Liu Ting and said:

"The group has decided to officially activate the functions of its subsidiaries from now on, so that each subsidiary can truly operate!"

"For example, all our stores in the entertainment industry will be managed by Shiwang Entertainment Company in the future. Similarly, all stores in the catering industry will be managed by Shiwang Catering Company."

"Whether it's stores, personnel, operations, logistics, etc., all subsidiaries in the corresponding industry are fully responsible for everything, and each subsidiary is given sufficient autonomy."

"Let each subsidiary focus on a certain industry and field!"

"The six major business divisions in our headquarters group remain unchanged, but the personnel can be streamlined. In the future, the headquarters group will mainly do some overall management and coordination work for each subsidiary, and then determine the overall strategy. Development goals, let each subsidiary strictly implement the strategic goals of the group headquarters!"

This was the final decision made by Cao Xingyu after weighing everything at home last night.

Really start activating subsidiaries!

Let the subsidiary work!

Although the current scale is not large, and the group alone can fully undertake all the work, considering the future structural adjustments, it may be a bit strained, and the scope of adjustments will be quite large.

After all, the larger the scale, the more difficult it will be to adjust the architecture. This is common sense.

Therefore, it is better to simply take advantage of this moment to directly define the structure and clarify the role of the subsidiary.

Let the subsidiaries corresponding to each industry officially operate and establish a standardized management mechanism in advance.

Compared with other companies that are unable to determine the company's future and have no clear direction for the company's structure, Cao Xingyu is almost able to predict the development of Shiwang Group. At least he is very clear about which fields he will get involved in.

This is also one of his unique and huge advantages.

You can build a set of infrastructure first, and continue to improve this structure as the company develops.

"Forehead,

I understand..." Hearing this, Liu Ting nodded and understood:

"Having each subsidiary focus on a certain industry will not only better accumulate experience and resources in a single industry, but also clarify the responsibilities of each company."

"When the scale becomes larger and larger, the role of the subsidiary can be fully exerted."

"That's right." Cao Xingyu smiled and nodded.

After the conversation between the two, everyone present understood Cao Xingyu's intention.

In the final analysis, it is to divide the boundaries on a subsidiary basis so that each subsidiary can focus on a certain industry field, instead of having the Real King Group take care of everything as it is now.

The benefits are obvious.

There will be no confusion, responsibilities are clear, and each subsidiary can focus on a certain area, which is of great benefit to the company in accumulating experience and resources.

It can also have an immediate effect on improving work efficiency.

This practice of dividing business according to subsidiaries is very common in many large enterprises, whether in the Internet or traditional industries, there are many examples.

only...

Those are some big companies!

"Mr. Cao, it's okay for us to have a subsidiary in the catering industry. After all, the number of our catering stores is increasing. Especially with the completion of this large-scale store acquisition, our total number of stores will definitely reach Thousands of them!" Ye Xiufei interrupted:

"But in the entertainment industry, we currently have very few stores. Is it necessary to break it down in such detail? It's better to manage them together first."

Ye Xiufei's words basically expressed the feelings of many people present.

Anyone with a discerning eye can see that the role and value of subsidiaries continue to increase as their scale increases.

Only when the scale becomes larger and larger, the value of the subsidiary will become greater.

On the contrary, if there are about twenty stores in the entertainment industry, is it necessary to set up a subsidiary to manage them?

It's obviously a waste of resources and adds to costs for no reason.

"The fact that there are currently few stores in the entertainment industry does not mean that there will be few stores in the future." Cao Xingyu responded meaningfully.

As soon as Cao Xingyu said these words, everyone was immediately shocked.

Is Mr. Cao planning to enter physical stores in the entertainment industry?

this...

It doesn’t seem to be an impossible thing!

Many people came back to their senses and thought about how long it took for the Shiwang Group to develop?

Only a little over two months old!

In such a short period of time, it has expanded to its current scale.

The catering industry is rushing to open a thousand stores!

Such a terrifying expansion speed, coupled with Mr. Cao's strength that ordinary people cannot fathom.

If you turn your attention to stores in the entertainment industry later, will it be difficult to expand?

It doesn’t seem difficult at all!

By then, maybe the number of stores in the entertainment industry will also increase dramatically!

"I understand..." Ye Xiufei was stunned for a moment and then replied excitedly:

"Mr. Cao is planning ahead and adjusting the structure first to cope with our upcoming expansion!"

"Improving the efficiency of our management in the future!"

"Well, almost." Cao Xingyu nodded noncommittally.

After receiving Cao Xingyu's confirmation, everyone present couldn't help but show excited expressions.

After all, the growth of the company is closely related to them!

"Mr. Cao, aren't the two subsidiaries of Shiyu and Shishi enough? Do we need to add new subsidiaries?" Liu Ting pursed her lips and asked:

"Our company's current assets seem to be only involved in catering and entertainment stores."

As soon as these words were spoken, everyone immediately came to their senses, with expressions of surprise and suspicion on their faces.

yes!

I almost forgot about this!

We already have two subsidiaries, isn’t that enough?

You must know that these two fields are quite huge and require a lot of money!

Even more?

Will the group be involved in more new fields and new businesses?

"Well, it's far from enough." Cao Xingyu smiled and nodded. Amid everyone's confused eyes, he said calmly:

"Four subsidiaries will be added this time."

"Shiwang Real Estate Co., Ltd., Shiwang Logistics Co., Ltd., Shiwang Software Technology Co., Ltd., Shiwang Investment Co., Ltd.!"

Wow!

As soon as these words came out, they were like a bombshell, instantly causing an uproar in the entire audience!

Everyone present was so shocked that they couldn't help but exclaimed, regardless of the fact that this was a meeting.

"Real King Real Estate?? Do we still want to be in the real estate industry? This...the entry threshold for the real estate industry is now the highest among the real estate industries! Unlike before, buying land was cheap, and now the price of land is early It has increased many times, and this industry has extremely high cash requirements. Without a certain amount of cash flow, you can’t even buy land!”

"Shiwang Logistics? Does it mean our takeout delivery team? Isn't that a close-distance takeout delivery service... It seems to have nothing to do with traditional logistics, right?"

"Shiwang Software, are you going to split our current software team?"

"There is also Shiwang Investment...Should we still get involved in the investment field?"

"..."

Surprised and inexplicable sounds kept coming!

It is true that the industry fields corresponding to the names of these four subsidiaries are too huge!

Regardless of Real King Software for the moment, it can be said that the other three are all gold-eating beasts!

The demand for funds is staggering!

Therefore, no one could have imagined that Mr. Cao would suddenly add four subsidiaries and target several areas that were completely new to Shiwang Group!

The key is that the existing two subsidiaries of Real Entertainment and Real Food are involved in fields that also require a large amount of capital investment!

With so many fields, can it really be tolerated?

Also, aren’t we engaged in physical stores and chain brands?

This time I jumped out of this circle...

Everyone's thoughts are starting to get messy!

Can't keep up with Cao Xingyu's rhythm at all.

Even Xie Qing on the side couldn't digest the news...

Because all along, in her analysis, the business model of Shiwang Group revolves around stores.

Including subsequent realization, she probably has some direction in mind.

It is nothing more than using stores to form a certain monopoly, and then using various methods to monetize traffic after gaining a market position.

This model has been verified for a long time, but the only difference is that it does not operate stores like the Shiwang brand.

But now that he heard the four subsidiaries mentioned by Cao Xingyu, Xie Qingzhen was a little dumbfounded...

Especially one of them, Shiwang Real Estate...

Is this the time to become a competitor with our Xie Group?

Xie Qing looked at Cao Xingyu in disbelief. Does this guy know what he is talking about?

Also, do you think anyone can play in the real estate industry if they want to?

As we all know, the real estate market in recent years has been monopolized by a number of established real estate developers.

At most, there are some local real estate developers in each city who can get a piece of the pie.

The local real estate developers are either old-fashioned and have been developing for many years, or they have certain connections and backgrounds in the local area.

What does Shiwang Group have?

Nothing!

How dare you call for setting up a real estate subsidiary? ?

Not to mention logistics, it is already a red ocean, and the competitive pressure is not ordinary.

Risking your life?

Or are these subsidiaries established just to save face? Just for show?

Xie Qing thought of a possibility.

Facing everyone's surprised voices and disbelieving looks, Cao Xingyu smiled indifferently and continued:

"Shiwang Real Estate, the subsequent business of this subsidiary is the real estate industry."

"Not only does commercial real estate, but also residential properties. In short, Shiwang Real Estate will be involved in real estate-related matters in the future!"

"It's just that Shiwang Real Estate won't make any big moves for the time being. The early tasks are more about market research."

"Put the research target in Sansha City, collect all relevant real estate information, and study and settle first."

"Be fully prepared for our entry into the real estate industry."

"You really want to play real estate? And you are involved in both commercial real estate and residential real estate??? Are you crazy?!" Hearing this, Xie Qing couldn't help but ask, this news is really too shocking!

There are many real estate developers across the country, and they generally focus on commercial real estate and will not get involved in residential properties.

The Xie Group is one of the best and typical representatives.

Those who deal with residential properties generally do not get involved in commercial real estate. Even if they do, it is only the kind of business that comes with the community and is very small.

The reason is that real estate’s cash requirements are too high!

And there are many competitors, so the competition is very stressful!

In addition, real estate developers also have a brand effect. Focusing on a certain area can better build brand awareness and make customers trust and purchase.

Don't underestimate brand awareness. This is very important to real estate developers because it involves the rate of payment and the speed of payment.

The faster the repayment is, the faster the expansion will be, and the more funds will be available to build land and open new properties.

On the contrary, if a property cannot be liquidated for a long time, it means that the real estate developer will be unable to withdraw funds.

For the real estate industry with high cash flow requirements, this situation will cause some small real estate developers to fail.

All unfinished buildings across the country are basically related to the break in the capital chain.

Now Cao Xingyu is talking about setting up a subsidiary to conduct research, collect information, and make complete preparations.

Now that the words have reached this point, if Xie Qing still can't hear that Cao Xingyu is serious, his life will be in vain.

Everyone else present was shocked when they heard that Cao Xingyu began to arrange early goals for the real estate company!

Research, to put it bluntly, means learning and accumulating experience!

After all, in an industry like real estate, there is so much professional knowledge!

For Shiwang Group, if you enter blindly, you will probably have to step into a lot of pitfalls and pay a lot of tuition fees.

Conducting research in advance can avoid many detours in the future.

Oh my God, isn't it? Are you actually planning to get into real estate? !

Everyone in the audience was in shock.

"That's natural." Cao Xingyu on the side smiled and nodded, responding to Xie Qing.

After a pause, Cao Xingyu took out the two documents he had prepared, pushed them to the center of the desk in the conference room, and said in a shocking voice:

"In fact, we have already dabbled in real estate."

"Of these two, one is a residential property in Jingshuangmei County, and the other is a commercial property for our flagship store on Daxing Road Pedestrian Street."

"Of course, this is just a small fuss at best, and it can't be said to be a formal entry into the real estate industry."

“I just want to tell everyone that we will definitely get involved in the real estate industry in the future.”

Wow!

As soon as Cao Xingyu's words came out, the whole place was in an uproar!

A pair of shocked eyes looked at the stack of documents on the desk in disbelief!