Chapter 264 263. Development of Mo Mo Group
Faced with Du Chuan’s inquiry, White said with some embarrassment: “In terms of the retail industry, except for Mo Mo convenience stores, large retail malls have developed very slowly.”
He also explained, "Mainly in terms of funds, large retail locations consume a lot of funds."
"Now we don't have much funds to invest in it."< br>
“However, convenience stores have begun to make profits and are expanding very quickly.”
“In addition, we have already begun to lay out suppliers, transportation, warehousing, etc.”< br>
Du Chuan nodded, convenience stores have been around for a long time, and this model also has a lot of room for development in the future.
is a good entry point, and it is also a point that Du Chuan and White emphasized before.
This has several advantages. The first is to avoid investing a large amount of money all at once.
Although the Mok Group has sufficient funds, the stalls are also large, and the maintenance funds required are also not a small amount.
As a result, the funds that can be invested in the retail industry will be reduced accordingly.
Secondly, it can avoid collisions with retail giants such as Wal-Mart, and can have a lot of better development space.
Du Chuan can also understand White's difficulties. After all, developing the retail industry is not just talk, there are many related things.
Just like what he just said, suppliers, transportation, warehousing, etc. are all related industry chains.
It requires a lot of capital investment.
If Du Chuan was just doing some small business, these would naturally not be a problem and there would be no need to care.
But what Du Chuan wants is not just one or two stores, but the entire retail industry.
Just as he was talking, the restaurant came over to deliver food. It was already noon.
Seeing so many foreigners here, Xiao Wu, who was delivering the food, was obviously stunned, but without saying anything, he quickly put the food on the table and took the people away.
Du Chuan invited them to eat together and chat while eating.
"In terms of large retail malls, we will mainly focus on electrical appliances in the future. This can save a lot of things."
"It can also stop groups like Wal-Mart from paying attention to you." Du Chuan said.
With the size of the Ink Group here, people naturally pay attention to every move they make.
Entering the retail industry will naturally attract the attention of relevant groups.
There is no need to conflict with them now.
“Okay, when Delico goes public, we will have a lot more funds.” White said.
Now that he has said this, Du Chuan took advantage of the situation and asked: "How is Delico's listing plan?"
Preparations began last summer, and Du Chuan never asked much about it. specific circumstances.
White did not speak, but looked at Ethel.
Ethel put down her chopsticks. After going back last year, Ethel made up her mind again and spent a lot of perseverance. Finally, she learned how to use chopsticks. I can’t say how much, but at least it was decent.
"Talking while eating," Du Chuan said casually.
Ethel nodded, but although she picked up the chopsticks, she didn't actually eat.
“Delico’s listing plan is going very smoothly. Planning and evaluation are in progress. If nothing unexpected happens, we will be able to submit the listing application by the end of this year, or next year at the latest.”
"In addition, Goldman Sachs, Morgan Stanley and Redshirt are all interested in us and want to become our company's underwriters. The conditions given are good." Going public is not a simple matter and takes time. It cannot be completed in one or two days.
In addition, the selection of underwriters is also very important, but if large institutions such as Goldman Sachs and Morgan Stanley are willing, they will get a very good start.
There are also large institutions like this, which are also of great help to their listing plans.
They have very strong capabilities. If Delico encounters problems during the listing process, many of them can help solve them.
Ethel just said this, and after that, they were almost done eating.
Although Ethel was not full yet, she also expressed that she was full. This was not the time to eat.
Du Chuan then asked him some detailed questions. He felt that there was nothing he wanted to advise, so he said: "You have done a good job, and I will leave this aspect to you."
"Okay. , I will definitely not let you down, sir," Ethel said with a serious look.
This was actually his first real opportunity to perform in front of Du Chuan.
Those things in the past were just small fights. If you did well, it was just like that. If you did bad, Du Chuan would not care too much.
But if we go wrong this time, our future development prospects will probably be doomed.
It is even possible to lose your current position.
Ethel is an ambitious person, and he is not willing to give up.
In addition to leading the development and growth of Delico Company, he also wants to go higher.
Like Ink Group?
Now he is still young and has an unlimited future, so he will do his best to do this well.
In the afternoon, Du Chuan basically asked White and Ethel to get a good feel for the situation of the Ink Group.
The diversified development of Ink Group is very good. It no longer needs external capital injection. It can form a good cyclic development by relying on itself.
Investment is also good, because with Du Chuan’s guidance, all kinds of investments can basically be considered big profits.
The retail industry that Du Chuan attaches most importance to is now actually on the right track.
Although it is impossible to grow big all at once, at least with the help of Mo Mo Convenience Store, it can already support its development and growth to a certain extent.
After Delico is listed, Ink Group will be able to withdraw a large amount of funds for development in various aspects.
Finally, Du Chuan gave new instructions on Microsoft's investment.
“First, whenever there is an opportunity, increase your holdings in Microsoft and don’t be stingy with money. Of course, everything still needs to be based on their founders. We invest in people, not companies.”
“Of course, you cannot give away the power that you deserve, but you must remember clearly that during the company’s development stage, everything is based on the founder’s development philosophy.”
“Never give up at the beginning. When fighting for power, you must remember this.”
Du Chuan will definitely not let go of such a good opportunity. As long as he has shares and no power, he will take whatever he needs.
It’s just that we definitely can’t fall into the stage of fighting for power now. Only when Microsoft develops completely will it use these to form its own influence within Microsoft.
In response to Du Chuan's instructions, White nodded and said that he remembered it and would make corresponding arrangements when he returned.
"Okay, it's getting late. Let's stop here today and continue tomorrow." Du Chuan said.
White and others stood up to say goodbye, leaving behind their respective report materials, which Du Chuan needed to read by himself.
(End of this chapter)