Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 417 Disagreements between Wan Yi and her son
In the president's office of the Le Group, after listening to Le Jiahao's description, Cheng Wanyi did not immediately express her opinion, but asked him in return, "Jiahao, what do you think of this matter?"
Le Jiahao hesitated slightly, then said somewhat uncertainly, "If this chain of gyms really has no problems with its finances and operations, I actually want to buy it."
But my sister said that any industry that Li Xiaofeng didn't have a good outlook on had no future prospects, so I hesitated. I felt that my sister definitely wouldn't lie to me!
Cheng Wanyi looked at her son with a disappointed expression and poked his forehead hard with her index finger.
"When will you grow up and stop causing me any trouble? You believe everything people say? How can you be so naive? Is she even on our side?"
Le Jiahao said somewhat indignantly, "My sister would never lie to me. If she says this gym has no future, then it definitely has no future!"
"If she asked you to give her the Le Group, would you hand it over without hesitation? You're such a spineless coward. How did I give birth to a son like you?"
I've already sent people to investigate this matter. To tell you the truth, the main reason why the Li Group is selling this chain of gyms is because the Li Group is currently facing some financial problems.
They wanted to alleviate their financial situation by selling the gym chain.
"No way, isn't the Li Group supposed to be very financially strong? How could they be experiencing financial difficulties?"
Cheng Wanyi curled her lip and said in a disdainful tone, "The reason why the Li Group's funds are in trouble is because Li Xiaofeng didn't know what was wrong with him and insisted on investing in an e-commerce company called Dongge Mall."
He's just a nouveau riche who got rich quick; he's become arrogant after making a little money. Rumor has it he's already drained a large portion of Wanzhong Media's cash flow.
"Really? Does that mean the Li Group is doomed?"
"That's not the case. Wanzhong Media is very profitable, with a net profit of at least two or three billion yuan every year. At most, they just won't distribute dividends at the end of the year."
"So what should we do? Should we buy it or not?"
Seeing her son's humble and eager expression, Cheng Wanyi said with a smug look, "We will still buy it, but we can't go to buy it alone."
Do you know what's most important in doing business?
"What is it?"
"You have to learn to latch onto powerful figures and follow the strong ones in order to remain invincible. A couple of days ago, Mr. Cui from Puyu Group contacted me, saying that we should all combine our resources to establish a leading company in the film and entertainment industry."
In addition to film and television production and video website operation, this company also includes offline entertainment such as nightclubs, forming a complete film and entertainment industry chain.
"The Li Group's upcoming Kang Le chain of gyms, along with some of the businesses we acquired from Qin Kai, can be used for resource integration."
"This plan sounds like it's on a huge scale. Is it even feasible?" Le Jiahao was somewhat shocked.
Although he lacked management experience in the company, he had been exposed to it since childhood and still had a general understanding of some macro-level issues.
Cheng Wanyi said with admiration, "Otherwise, how could they be called a multinational corporation? Their vision and approach to doing things are unmatched by ordinary people."
That guy surnamed Li is just a nouveau riche; he doesn't have the vision of Boss Cui. Therefore, we not only need to buy this Kang Le chain of gyms, but we need to act on it as soon as possible.
"Who will pay for this? Can our group come up with that much money all at once?"
"It's alright, the money will be provided by Puyu Group. We're just helping out. After we buy the company, we'll integrate its film and television resources and the chain nightclubs into it as well."
"Isn't that guy surnamed Li smug about poaching a lot of film and television resources from us? As long as Puyu Group makes a move, his Dingdian Media won't be able to keep up for long!"
"Really?" Le Jiahao asked with some doubt.
After all, thanks to its variety shows and several big-budget TV dramas, Dingdian Media is not only making a fortune, but its development momentum is also booming.
Cheng Wanyi said confidently, "Of course! Think about it, can Dingdian Media's variety show strength be compared with that of Korea?"
With the strong support of Puyu Group, Dingdian Media's variety shows will soon be crushed. Furthermore, Meiyi Media is collaborating with several top directors to produce several big-budget films, which will definitely overwhelm Dingdian Media.
Upon hearing Cheng Wanyi's words, Le Jiahao became excited and quickly asked, "So what should we do next?"
"After Kang Le chain gyms go public, we'll talk to the Li Group and buy it. Then we'll integrate our chain nightclubs and other film and entertainment businesses that we bought from Qin Kai."
Le Jiahao was somewhat taken aback, then said unhappily, "Mom, why is that? I bought the film and entertainment business under the Qin Group in order to rebuild the family business and restore the glory of our Le Group in the film and entertainment industry."
"Back then, my sister shifted the group's main business to the real estate industry, which resulted in the loss of many film and television resources, and many of her artists had to find other opportunities. I was somewhat unwilling at that time, but now you've gone and sold them off directly!"
Cheng Wanyi said somewhat impatiently, "The glory of our Le Group in the Hong Kong area back then relied on the environment at the time, but that's all in the past."
Now that he's come to the mainland, trying to enter the mainland's film and entertainment market empty-handed, it's not going to be that easy. Weren't Mengyao's previous attempts quite unsuccessful? Otherwise, he wouldn't have turned to the real estate industry.
Le Jiahao said somewhat dissatisfiedly, "But if that's the case, then all my hard work will have been for nothing."
"Jiahao, I understand how you feel, but people should know their place. The purpose of doing business is to make money, not to get angry with others."
In business, it's all about big fish eating small fish and small fish eating shrimp. Now that Puyu Group is leading the way and integrating the resources of various companies, it's definitely much better than us going it alone.
Once President Cui completes the integration, it's bound to be profitable. Then we can just sit back and make money!
"If I had known it would turn out like this, I wouldn't have bothered with all this. I would have just invested all my money in real estate, where it's a much safer way to make money!"
"Jiahao, that's different. Our Le's Group is so big, we can't put all our eggs in one basket. We need to diversify. Look at other group companies, they all do it this way!"
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