I Want To Be a Rich Man on Hong Kong Island

Jiayi TV Station is not vulnerable, after all, in terms of software, it has the resources of all the stars of Shaw Brothers movies;

Therefore, during the Spring Festival, it really grabbed a lot of TVB's ratings!

For this point, Wu Guangyao had long been prepared;

Even if Jiayi TV Station is not open now, there will be other TV stations in the future, which will more or less grab some ratings;

However, these will not affect the dominance of wireless TV stations!

During the Spring Festival, the marriage of Wu Guangyao's eldest daughter, Wu Yue, is Wu Guangyao's major event;

Wu Yue's husband is He Yuanzhang's son He Tianqiao, and the two have known each other since they were studying in the United States;

But after Wu Yue returned to Hong Kong, He Tianqiao continued to study for a Ph.D. in financial management, so he didn't immediately decide on the marriage;

Now that He Tianqiao chose to return to Hong Kong, he was arranged by Wu Guangyao to work as an accounting director at China Everbright Bank, and finally the marriage was settled!

Wu Guangyao was very satisfied with his son-in-law, and he was a politician.

So I plan to arrange to run for election to the Legislative Council after a few years of training, and take the path of politics.

.........

Just after the Spring Festival, Wu Guangyao came to Baiyou Group and invited a group of executives to report.

Group President Fu Hongru, Garment Industry President Jia Lisheng, Retail Industry President Mark, and Master Kong President Zhang Tianming;

A group president and three first-level subsidiary presidents sat on the sofa and prepared their own reports;

In fact, in addition to the three first-level subsidiaries, Beyou Group also has several second-level subsidiaries that are not managed by the first-level subsidiaries;

These second-level subsidiaries are expected to enter the first-level subsidiary, so they are temporarily under the management of the group;

Among them are McDonald's Western-style fast food (Asian agency), Chinese medicine group companies, etc., all of which are managed by Baiyou Group.

"Talk about the industry you are in charge of, whether you have any goals for the new year, and the difficulties you are currently encountering. Let's brainstorm and discuss together."

As soon as Wu Guangyao's words fell, Mark, who was in charge of retail, said first: "At present,

The Metro Convenience Store (Asian agent) of the Baiyou Group has performed well and is full of vitality; the supermarkets have also performed well. Baijia Supermarket and Metro Supermarket (Asian joint venture) are the best in the first column in Asia . Because of this, the Japanese retail industry has shown a great desire to fight. As you know, the boss, the Japanese retail industry has two advantages: first, the implementation of "customer is God" is the most thorough; second, Japanese goods are cheap and high-quality, Strong competition.

Therefore, the resistance in the Japanese retail industry is still very fierce. At present, we can completely suppress them in the field of convenience stores and supermarkets;

Only in the field of department stores, Japanese department stores have a feeling that we are greatly struggling!

Especially in Hong Kong, Japanese department stores have come to occupy our old nest. Some time ago, the local department store in Hong Kong was taken over by HSBC Bank and was on the verge of bankruptcy. This is a department store with 9 stores. "

Hearing this, Wu Guangyao couldn't help but lament that Little Life is a little bit amazing!

Metro Convenience Store is the pioneer in the whole of Asia. Later, relying on its strong capital, it quickly opened stores and achieved the goal of laying out the whole of Asia; this makes the latecomers need to spend a lot of effort to take a bite out of Metro Convenience Store. .

Not to mention supermarkets, the two brands of Baiyou Group, Baijia Supermarket and Metro Supermarket, are also strong.

Of course, both convenience stores and supermarkets are new retail models that emerged after the 1960s, which determines whoever occupies the market first will have a great advantage!

Unlike department stores, department stores originated earlier, and Japanese department stores had already formed their own system before World War II.

For various reasons, it is determined that the counterattack of the Japanese retail industry will start with department stores!

In addition, in the department store industry under the Baiyou Group, only one Lane Crawford has left Hong Kong, and it is only deeply cultivating in the field of high-end department stores;

The products sold by Lane Crawford are also high-end products all over the world;

Because of this, the Japanese retail industry has seen the "shortcomings" of Baiyou Group, so they came to Hong Kong to open department stores a few years ago;

Among them, many Japanese department stores such as Matsuzakaya, Isetan, Tokyu, Jusco, and Mitsukoshi have come to Hong Kong to open large stores.

Wu Guangyao said in a deep voice: "The advantages of Japanese department stores are obvious, that is, Japanese products and Japanese services! At present, is there any statistics on the proportion of Japanese department stores in department store turnover?"

Mark quickly said: "It is estimated to be around 40%! There are many department stores affected, and our Lane Crawford is not affected, but Daxin and Zhonghua have been affected, and Xian Shi and Wing On have also been affected a lot. Overall To put it bluntly, the department store industry in Hong Kong is already saturated. It is estimated that there are thousands of department store brands, large and small. Industry insiders point out that anyone who comes to Hong Kong to open a department store will undoubtedly commit suicide slowly!

But even so, there is still an endless stream of foreign businessmen coming to Hong Kong to open department stores! "

Wu Guangyao nodded, he had already figured it out!

"Do you know why there are so many department store brands?" Wu Guangyao asked these executives.

Fu Hongru said with a smile: "Because the threshold is low, you can do it with a bit of money! Convenience stores need a chain model, relying on the number of stores to win; supermarkets invest heavily, so the threshold is naturally high!"

Wu Guangyao said: "You are right! Then do you know why I have asked you to work less in department stores all these years?"

Now everyone shook their heads!

Wu Guangyao is not surprised, not everyone can predict the future!

Wu Guangyao said: "Because department stores are an industry that is about to be eliminated, I didn't ask you to spend too much to develop such an industry that is about to be eliminated."

Everyone was shocked!

This is the first time I hear this statement, if it is not from the mouth of the boss, everyone will definitely refute it!

Mark is worthy of being baptized in the retail industry for a long time, and tentatively said: "Is it eliminated by the supermarket?"

Everyone listened and thought hard, the advantage of the supermarket!

Wu Guangyao didn't show off his knowledge, and said directly: "The emergence of supermarkets will squeeze the market of department stores. Supermarkets are a booming new industry, while department stores are just a traditional industry; just relying on open shelves, supermarkets are a very big market." Big advantage!

Therefore, if we want to break the situation, we must vigorously develop supermarkets, which will naturally defeat these Japanese department stores!

At the same time, parking spaces will be a big problem in Hong Kong in the future;

Therefore, our supermarkets should not only open comprehensive hypermarkets, but also open specialized ones; there are many outlets, a complete range of goods, and compact arrangements, so that there is no need to drive shopping like European and American supermarkets, which makes up for the shortage of land resources in Hong Kong. The shortcoming of insufficient bits. "

In the 1980s in the previous life, with the rise of supermarkets, it caused panic in the department store industry;

Hong Kong's department store brands have followed the example of supermarkets and tried to open their own shelves as much as possible!

Wu Guangyao's words, like a magic weapon for winning, made everyone's eyes shine!

Indeed, it is undoubtedly very difficult to compete with thousands of department store brands in the department store industry;

Wouldn't it be wonderful if we jumped out of this circle and used supermarkets and convenience stores to attack the entire department store market!

Moreover, even if it hits the entire department store industry, it will not affect Lane Crawford;

Because Lane Crawford is a century-old high-end department store brand in Hong Kong, it is the favorite place of many wealthy people in Hong Kong!

Mark said: "Ashamed! Everything needs the boss's advice!"

Wu Guangyao waved his hand and said, "There is no need to be modest, this is just brainstorming!"

Wu Guangyao added: "You incubate another home furnishing chain store and compete with Stanley Black \u0026 Decker and IKEA!"

Mark nodded and said, "The boss is right! With the improvement of living standards in Hong Kong, chain stores specializing in household products are very popular!"

In the past few years, the retail ambition of Baiyou Group has been very big. Hong Kong is not the main battlefield, but overseas is the main battlefield;

Therefore, home furnishing chain stores have never had the energy to do so!

Now is the right time, and it is not too late!

As for joining IKEA, it's basically impossible, so it's better to do it slowly by yourself!

Then, everyone brought the topic back to Master Kong Food and Beverage Company.

"You mean that Japanese instant noodle manufacturers intend to lower prices to compete viciously in countries and regions other than Japan?" Wu Guangyao asked amusedly.

This trick is not only a common method in Japan, it was suppressed by Japan in the local doll noodles in Hong Kong back then, and then bought it!

However, Wu Guangyao played this move very smoothly!

Xue Tianming said: "I don't know if they have united, but the prices of cup noodles and bottled noodles in Japan have indeed dropped recently! Originally, we were not afraid of a price war, but I was worried that these Japanese manufacturers would not be able to sell them on the packaging. Get a lower price than us!"

Wu Guangyao nodded. The packaging cost of expanded polystyrene in this era is relatively high, accounting for a lot of the cost of cup noodles and bucket noodles, so the procurement cost determines the competitiveness!

Soon Wu Guangyao had a solution and said: "Fight the price war as long as there is a little profit! To put it bluntly, our family is losing, and the entire Japanese instant noodle brand is accompanying us to lose. Then, you can talk to the Japanese manufacturer about this packaging. If they refuse to lower their prices, they have to produce it themselves! My ykk zipper company in Japan has the ability to do this. I will call Tadao Yoshida later to see if I can produce it myself.”

Wu Guangyao is not afraid of price wars!

Xue Tianming said: "We can also invest in instant noodle factories in Taiwan to reduce production costs!"

Wu Guangyao nodded and said, "Well, you can arrange it!"

Mineral water and juice drinks are currently undergoing final preparations and are expected to be available in the second half of the year!

After Wu Guangyao gave some warnings, he will no longer participate in it!

I am good at the big policy, the details are still not as good as these experts!

 …

Universal Building

Universal Group convened shareholders and high-level meetings to further discuss the shipping situation.

In 1974, Universal Group sold 5 million tons of deadweight ships. These ships generally have small deadweight and high operating costs;

Of course, the selling price of Universal Group is so low, which also makes the shipowners who are still optimistic about shipping very happy!

This kind of crazy behavior is probably because there are many people in the Universal Group who slander Wu Guangyao;

Not to mention the two directors of HSBC Bank, now that Sanders has almost retired, they will not overreact;

But Shen Bi had asked Wu Guangyao for a written guarantee several times, and Wu Guangyao would naturally not give him any guarantee, so the matter was left alone.

"We can't stop selling ships. We will sell another 5 million tons of ships with less deadweight this year!" Wu Guangyao first assigned the task to Global Group.

Shen Bi took the lead and said: "Why doesn't Universal Group try to use long-term leases and low-price contracts to resist the possible off-season of shipping?"

Wu Guangyao waved his hand and said: "Europe and the United States are developing their own oil fields, and Japan is also researching new energy sources to replace oil. In the future, there will be no off-season or peak season for oil tankers, only off-season. Besides, our fleet of 20 million tons, Originally, such a large fleet was supported by the closure of the Suez Canal. Now that the Suez Canal is about to reopen, we will naturally reduce the fleet again."

When Shen Bi heard the words, he knew that it would be useless to say anything, so he stopped talking!

In fact, people like Shen Bi, Dong Haoyun, and Zhao Congyan don't know that shipping will weaken, and there may even be an ice age;

But everyone is just unwilling to face it and take corresponding actions;

It's like a gambler who knows that nine out of ten bets will lose, but will continue to gamble!

Wu Xianshuo was shocked when he saw his father dismissing the God of Wealth of Hong Kong Island with ease!

This kind of momentum and self-confidence, I am really far behind!

Wu Guangyao didn't know, he unknowingly put a lot of pressure on his eldest son!

He Yuanzhang, who has become Wu Guangyao's in-laws, tried to ask: "Then do you want to build a container ship with a large capacity to replace the small container ship and reduce costs!"

This time, Wu Guangyao nodded and said, "You can have this! However, don't take too big a step. Let's try the waters with two ships!"

Wu Guangyao's ultimate goal is 3 million tons of container ships and 3 million tons of oil tankers, but he didn't tell anyone about this goal!

It is expected to complete this goal in 1977!

As for why he did not speed up the replacement of small ships in the fleet, Wu Guangyao also had his own considerations;

That is, in a few years, if I go to the mainland by myself, I will definitely be entrusted to help the shipping industry in the mainland;

Building new ships, helping with business, is all to do;

Therefore, there is no rush to change ships!

Wu Guangyao doesn't care how many ships he builds in the Mainland, nor how much business he transfers to the Mainland;

What Wu Guangyao cares about is that the mainland approves his participation in port investment, which will be the future's big head;

In the previous life, seven of the busiest ports in the world were located in the mainland, which shows how big this market is.

Afterwards, everyone discussed the issue of port investment, and this time everyone finally made concerted efforts;

After the port is built, it is not possible to lie down and make money all the time.

The port also needs to be refurbished according to the development of science;

For example, in the mid-1980s in the previous life, Hutchison \u0026 Co. invested four billion Hong Kong dollars to renovate a port;

Of course, the port's profit in the following year was 3.6 billion Hong Kong dollars.

It is precisely because of this that Universal Group spends a sum of money every year to upgrade its ports.

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