Chapter 293 (1/2)

March 10th.

Wang Yue from Nanhu and Sun Tao from Mingcheng led the team back one after another.

Wang Yue is OK. Last year, he went to Nanhu for an investigation, and had a good understanding of the local situation.

Sun Tao went to Mingcheng for the first time. When he came back, he entered Li Dong's office. He said, ”Mr. Li, I'm afraid this is a tough battle.”

Nanhu and Mingcheng have always been the economically developed areas in the north of the Yangtze River. Naturally, domestic retail enterprises, large and small, will not let go of these two pieces of fat.

As early as 2002, there were some supermarkets in the two places.

Now it is 2006, and the retail industry in both places has been relatively developed. Supermarkets, large and small, have accounted for more than 80% of the market.

Now, if we want to enter the two places from afar, it is natural for them to pull out their teeth. The supermarkets of the two places will surely be consistent with the outside world.

This is even more difficult than the battle in Pingchuan. After all, in 2004 in Pingchuan, Li Dong set up a Longhua store, and even moved his headquarters to Pingchuan, where he had a home court advantage.

Now go to South Lake and Mingcheng, that is to play away, obviously very difficult.

Li Dong had long predicted this. After listening to Sun Tao, he said, ”it's too hard to chew it down. It's too late now. It's too late to wait two years for our strength to be stronger.”

Sun Tao nodded and said, ”I'm not worried that I can't chew this hard bone. The key is that there is no money for the new store construction.”

Yes, there is no money in the distance.

In the past two months, all the profits from afar have been invested in the construction of the two projects. The e-commerce side is OK. When it is not time to spend a lot of money, the initial 10 million is more than enough.

But the two cities of new shop development, with money is not a few, far away now can not hold.

Moreover, it is obvious that these two places do not want to return to their original cost quickly in the early stage. Now they can only invest and spend more money.

At the previous meeting, he said that in the first half of the year, Li Dong had to invest at least 100 million yuan to fill the hole. This money is used here.

Li Dong Wen Yan frowned: ”how much money do you need in the early stage?”

”About 30 million, and the rest can be invested slowly.”

”30 million...”

Li Dong considered, this period of time Baidu's stock rise is not satisfactory, mainly or the sharp decline at the end of last year.

Now, although it has risen, the gap is still very obvious compared with the time when it was just listed, especially at the peak period.

Li Dong originally planned to sell more than 100 dollars, but it seems that it is impossible to recover so much in a short time.

Yesterday he took time to have a look, baidu circulation of stocks is not much, trading volume is not big, really want to trade, the price should rise some.

But 200000 shares can be sold for at most $17 million.

If this is compared with the future, it is simply the price of cabbage. Li Dong is really distressed.

However, thinking of the difficulties in the distance, Li Dong finally gnawed his teeth and said, ”try to sell the stock, not wait!”

If you wait a while, baidu announced the first quarter report, the share price should still rise.

However, the gap is not big, Li Dong is too lazy to slow down the progress of the distance for the money.

What's more, when it comes to June, Google will sell its shares. At that time, the stock price will fall again. If you wait and wait, the increase in half a year will not be much. It is better to sell now and use the money in new stores.

With this half a year's time, the difference should be earned back.

More importantly, half a year is enough to change a lot of things. If you delay for a few months, you may miss the opportunity.

Sun Tao breathes a sigh of relief when he hears the speech. Li Dong has been holding on to the stock. He is really afraid that Li Dong is reluctant to give up.

Now that Li Dong has agreed, it will be easy.

Although Baidu's recent stock price ups and downs, but overall, the market circulation is still very few, want to hand is also simple.

In a week at most, the money should be in the account.

After saying about the money, Sun Tao was about to leave when Liu Qi suddenly came in.

First, he called Sun Tao, and Liu Qi said to Li Dong, ”general manager Li, the Civil Affairs Department has sent an invitation letter over there.”

”Department of civil affairs?”

Li Dong has some doubts. Why does the Civil Affairs Department send the invitation letter to him?

He did not deal with the Civil Affairs Department, and Li Dong, who was in charge of the Civil Affairs Department, did not know how to find himself.

Seeing Li's suspicions, Liu Qi explained: ”it was a charity party organized by the Department of civil affairs as the organizer, in conjunction with Jiangbei radio and television station and Jiangbei daily media group. The Civil Affairs Department hopes that Li can always attend.”

”Charity party? The Red Cross? ”