Chapter 660 Betting Separately
“It is conceivable that due to the impact of the economic crisis, consumers have become more and more price-sensitive. This will also be Costco’s biggest opportunity...”
Ba While visiting here, Lun said to the CEO next to him:
"Including the head office of Argos Retail Group and Standard Chartered-Merrill Lynch Group, they will provide financial support for Costco. There are plans to expand and open new stores, and in Asia, we can also increase outlets, and we can even start to consider entering the Chinese mainland market.”
China’s Bay Area itself is one of Costco’s most profitable areas. Later, Costco became very popular after entering the Magic City of China.
Moreover, Argos Retail Group itself has a relatively complete partner system in China. With the help of these, Costco can also establish its own brand authorized manufacturers in China.
It can be seen from Barron's layout that he attaches great importance to the Asian market, especially the Chinese market.
After all, although people in this era still don’t know what the Chinese market means to the future - even two or three years ago, if someone in China said that they were about to surpass Japan and become the only country in the world with a GDP A country second only to the United States would probably only face a period of ridicule...
But in 2009, it was unstoppable for China to surpass Japan in terms of economic aggregate - or even further, In terms of parity in purchasing power, China is not far from the United States.
And Barron, who has memories of his past life, understands how important China will be in the future!
In terms of the automobile industry, China is the second largest automobile consumer country after the United States. It can be said that without the Chinese market, the British Automobile Group would not be able to develop at all.
As for other markets, from consumer electronics to luxury goods, China will also become one of the most important markets in the world.
To be honest, if Barron has no memory of his previous life, then with his current status and his increasingly close relationship with Wall Street capital, then what he does must be the same as other European and American companies. Capital has the same choice, that is, to limit China's technology research and development upgrades and pursue the Chinese market.
After all, Ao Guanhai has made it very clear that the West does not want to see 1.4 billion Chinese people living the same life as them. This means that China will reach the top in most industries and will Many "developed countries" have their avenues for making money blocked.
Barron is different from other European and American capital tycoons in that he has experience in his previous life - he understands that no matter how Europe and the United States block or even target, facts have proven that their goals cannot be achieved.
In this case, for Barron, becoming an "old friend of the Chinese people" is naturally more effective than struggling in vain.
After all, he is British, and one thing is very clear - that is, if his industry surpasses that of the other party, then the United States will not hesitate to "block" him, but China will not do this. The market will still be open.
For example, in the future, China's 5G products, mobile phones, electric vehicles and other fields will face US blockade and will not be allowed to enter the US market.
As for Apple and Tesla, China still opens the market and does not impose reciprocal bans.
This in itself is a manifestation of the completely different styles of conduct between the two parties.
Therefore, compared to the North American market, Barron actually pays more attention to the Chinese market - for example, when he acquired the properties of American International Group, he chose AIA, whose main business is in Asia.
In the final analysis, he is capital and does not really need to choose a side.
When Barron was reborn, China and the United States still had no winner, but the trend could still be seen.
Even with the most cautious choice, Barron can bet on one of the two. ……
"The acquisition of LSI can expand Avago's enterprise storage product line and plan to target data center IP, mobile data traffic and other business opportunities."
Chen Fuyang came to the United States and said this when he met Barron. .
LSI is a leading supplier of semiconductors and software headquartered in Milpitas, California. In fact, as early as when Avago was first listed, Chen Fuyang valued LSI and hoped that Acquire it.
But Barron temporarily stopped him at that time - it was also because LSI at the time had a market value similar to that of Avago, so it was not the best time for acquisition.
However, Chen Fuyang was not idle during this process. Although LSI, with a market value of more than 5 billion US dollars at the time, was temporarily difficult to buy, last year, Avago acquired Nemicon to enrich motion control product series, and purchased Infineon's bulk acoustic wave business in October of the same year.
Then at the beginning of this year, Avago acquired CyOptics to consolidate its leadership in the field of optical fiber products. Then, it acquired Javelin Semiconductor to strengthen its layout in the field of wireless communications.
Of course, these mergers and acquisitions took advantage of the subprime mortgage crisis. The prices of these companies were not high, and they were supported by Rich23 Capital.
Now, Chen Fuyang has finally set his acquisition target on LSI Company again.
The current market value of LSI has dropped to around US$3.5 billion due to the subprime mortgage crisis... This price is really unbearable.
"As I promised you before, Hock, you can do whatever you want and I will support you."
After hearing Barron's words, although Chen Fuyang didn't look too excited, the sparkle in his eyes was still very obvious:
"Okay, Your Highness, I will try my best to complete this acquisition. ”
Barron knew that Chen Fuyang was very good at using capital operation methods to carry out large-scale mergers and acquisitions of "She Tun Xiang", and what he required was that in this merger and acquisition, a minimum loss of shares should be paid, and the price should be paid mainly in cash. acquisition.
After all, he knows that the acquisition of LSI can only be said to be a "snack" on the road to Avago's acquisition.
In Barron’s previous life, Avago’s mergers and acquisitions were becoming larger and larger each time.
"I know, Hock, that putting Avago's headquarters in Lijiapo will have many benefits, but I hope you can consider the feasibility of moving its headquarters to the United States now. After all, it is very likely that this will happen in the future. It will become an obstacle in the merger and acquisition.”
“I will consider it carefully, Your Highness the Duke.”
The scale of Avago’s merger and acquisition is not large yet, so even if its headquarters is in. Li Jiapo is not a big problem.
But Barron knew that later on, Chen Fuyang’s headquarter in Lijiapo became an obstacle for several key acquisitions, which even caused some of its acquisitions to be vetoed by the United States. In the end, he still chose Moved the headquarters to the United States...
(End of Chapter)