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Chapter 1016 Entering Texas State

Laolonghu Group is a giant enterprise in China.Although it is not listed, the valuation of the old Longfor Group by the capital market exceeds 3000 billion.Among the unlisted companies, it is second only to Xiawei Group.

However, compared with Xiawei Group, Laolonghu Group has a wider business scope.E-commerce, liquor beverages, organic agriculture, pharmaceutical manufacturing, and cargo transportation, Laolonghu Group spans multiple industries, and has more growth potential than Xiawei Group.

Liu Xiaoguang's shares in Laolonghu Group exceed 80.00%.According to Liu Xiaoguang's plan, he will share [-]% of the shares with the employees of the old Longhu Group in the next ten years.

All employees who hold the old Longfor Group can enjoy the dividends of the Old Longfor Group at the end of the year.

Even according to the current scale of the old Longhu Group, the value of [-]% of the shares, plus dividends, will not be less than [-] billion!
Liu Xiaoguang's promise made the employees of Laolonghu Group very excited.

After Shen Mingzhu became the CEO of Longfor E-commerce, she began to focus on the expansion of overseas markets.Longfor e-commerce began to expand overseas a long time ago.However, in the field of overseas e-commerce, Amazon is the dominant player, while the overseas malls of Longfor e-commerce have relatively bleak sales.

Not only Longfor e-commerce, Taohuo.com also chose to enter the overseas market. However, this Chinese e-commerce overlord is also unacceptable overseas.

Shen Mingzhu reported her plan to Liu Xiaoguang.

"Mr. Liu, I think now is a good time for Longfor e-commerce to expand into overseas markets."

"Oh, why do you say that?"

"In the past two years, China's e-commerce market has become increasingly saturated. The growth rates of Longfor E-commerce and Taohuo.com have both declined. For Longfor E-commerce, we need to expand Longfor E-commerce before the crisis comes. In addition, the fleet of the old Longfor has also formed a scale, which is convenient for the transportation of products of Longfor E-commerce. This is a very beneficial thing for Longfor E-commerce."

Liu Xiaoguang listened quietly to Shen Mingzhu's words.

Liu Xiaoguang still agrees with Shen Mingzhu's views.The development of Longfor e-commerce has encountered a bottleneck. It is very difficult to rely on the Chinese market and surpass Taohao.com.

The overseas development of Taohuo.com is not smooth, mainly because there are many fake products on Taohuo.com.Overseas markets attach great importance to the protection of trademarks. Taohuo.com’s behavior of selling counterfeit goods is naturally strictly monitored by overseas markets.

On the other hand, the service of Taohuo.com is relatively poor, and it is not popular in overseas markets where service quality is valued.

These two aspects are precisely the strengths of Longfor e-commerce.

Longfor E-commerce is a self-operated e-commerce platform, and all products are obtained from manufacturers by Longfor E-commerce, so there is no problem of counterfeiting.Moreover, the service of Longfor E-commerce is also better than that of Taohuo.

"Okay, you will be responsible for this. You don't have to worry about funding. I will fully support you!"

Shen Mingzhu nodded, her eyes sparkled.

The privatized Longfor E-commerce has not stopped moving forward and is still expanding rapidly.

Under the leadership of Shen Mingzhu, Longfor E-commerce began to build a storage center in the United States.

The reason for choosing the United States is because the United States is the largest consumer market in the world.If Longfor E-commerce wants to expand overseas markets, there is no more suitable choice than the United States.

However, if Longfor E-commerce wants to occupy the market in the United States, it must fight against the local enterprise Yamawei in the United States.

Although Taohao.com and Longfor E-commerce are the undisputed top two in China's e-commerce field, there is a huge gap in scale compared with Amazon.com.

Shen Mingzhu handed over the development plan of Longfor E-commerce in overseas markets to Liu Xiaoguang.

"Mr. Liu, I plan to build Longfor e-commerce storage centers in [-] states in the United States in the next five years."

"Will each state establish one? Will the transportation of goods be inconvenient?" Liu Xiaoguang asked.

The United States is sparsely populated, and each state establishes a storage center, which is difficult to meet the requirements of commodity transportation.

"This is just our preliminary idea. Our plan is to build a logistics system in the United States now, and it will be gradually improved in the future. The current Longfor E-commerce is not a listed company, and there will be relatively great pressure on funds."

"You don't have to worry about funds. Although Longfor E-commerce cannot raise funds on the stock market, we, Lao Longfor Group, can allocate funds within it."

Several companies under the Laolonghu Group, in addition to Longfor e-commerce and shipping companies, Laolonghu Winery, New Hope Farm, and Tailai Pharmaceutical, have all achieved profitability.

In particular, Laolonghu Winery provides sufficient cash flow to Laolonghu Group.

This is also one of the reasons why Liu Xiaoguang dared to privatize Longfor E-commerce.

"Mr. Liu, according to the research of Longfor E-commerce, the traditional sales industry in the United States is still very strong. Therefore, Longfor E-commerce is gradually opening up the market in the United States with a relatively cautious strategy."

"Okay, I'll leave it to you to take charge of this matter, and you need financial support, just ask." Liu Xiaoguang didn't get entangled in this issue.Now that Longfor E-commerce was handed over to Shen Mingzhu for management, he would not intervene too much in Shen Mingzhu's business strategy.

This is Liu Xiaoguang's way of managing, no doubt about employing people, and no doubt about doubting people.

Now that he has chosen Shen Mingzhu, he will not interfere too much with Shen Mingzhu's operation of Longfor E-commerce.

Although Shen Mingzhu was given the task of expanding Longfor e-commerce to the United States, Liu Xiaoguang attached great importance to the American market.

According to Liu Xiaoguang's plan, the old Longfor Group is a global multinational enterprise.Although there are many industries under the Laolonghu Group, the core industry is various consumer products such as liquor.

The United States is the largest consumer market in the world. If the old Longhu Group wants to become a large multinational group, it must gain a foothold in the American market.

In addition to Longfor E-commerce, New Hope Farm has also begun to deploy in the United States.

The United States is the world's largest exporter of agricultural products, and its level of agricultural modernization ranks among the top in the world.Since it started investing overseas, New Hope Farm has been expecting to enter the US market.But never found the right opportunity.

The investment of Longfor E-Commerce in Texas has brought [-] jobs to Texas, which has breathed a sigh of relief for Texas, which has a high unemployment rate.It also allowed the Texas State Government to start accepting New Hope Farm.

Texas is an important agricultural and animal husbandry base in the United States.Laolonghu Group sent a team headed by Senior Vice President Sun Shengbin to hold talks with Texas State.

Witnessing the lavish spending of Longfor E-commerce, the governor of Texas, Mark Cuban, welcomed Sun Shengbin's arrival with tears.

It took only two days for Sun Shengbin and Cuban to reach a cooperation agreement.

(End of this chapter)