Vol 2 Chapter 612: Team up with Walmart

Chapter 612 Joining Hands with Wal-Mart

Wal-Mart, the world’s largest retail chain, had a total sales of 220 billion U.S. dollars in 2001. While creating a historical record for the company’s sales, it also surpassed Exxon-Mobil, the world’s top 500 ranked by Forbes magazine in 2000. Become the number one among the world's top 500 companies. It is also the world's largest private employer, with more than 1 million employees worldwide. It is no exaggeration to say that every move of "Wal-Mart" affects the US and even the global economy.

The Walton family that created and controlled "Wal-Mart" was the richest family in the world.

Sam Walton, the founder of "Wal-Mart", died in 1992, leaving all his property to his wife and son.

Helen Robson-Walton, wife of Sam Walton, is now the honorary chairman of "Wal-Mart", has 18.4 billion US dollars in assets, owns 8.73% of "Wal-Mart", and is 74 years old.

Samuel Robson-Walton, the eldest son of Sam Walton, owns 8.87% of "Wal-Mart" and owns 18.7 billion US dollars in assets. He is 52 years old. The current president of "Wal-Mart".

John Walton, the second son of Sam Walton, owns 9.06% of the shares in "Wal-Mart" and has assets of 19.1 billion US dollars. He is 50 years old.

Jim Walton, the youngest son of Sam Walton, owns a 9.01% stake in "Wal-Mart" and has $19 billion in assets. He is 48 years old.

Alice-Louis-Walton, the daughter of Sam-Walton, owns 8.78% of "Wal-Mart" and owns $18.7 billion in assets. He is 47 years old.

The entire Walton family owns 44.45% of "Wal-Mart" shares. The total equity of "Wal-Mart" reached more than 3.8 billion shares, and the market shares were about 1.2 billion shares. During this period, Lin Feng secretly absorbed and purchased 50 million shares of "Wal-Mart" at a price of $55.3 per share at a cost of 27.65. 100 million U.S. dollars and owns 1.31% of "Wal-Mart" shares.

Although these 50 million shares are insignificant for Wal-Mart, which has a total share capital of 3.8 billion shares, it still attracted the attention of the Walton family, the controller of “Wal-Mart”. After the investigation, people who secretly absorbed the shares of “Wal-Mart” were discovered. It was after this Chinese who had become the best in the IT industry recently, the Walton family issued an invitation letter to Lin Feng.

When receiving the invitation letter from the "Wal-Mart" family, Lin Feng smiled slightly. Buying "Wal-Mart" stock by oneself, in addition to wanting to diversify the investment, is more important to attract the attention of the Walton family. If you rush to visit yourself, others may not appreciate it. It's important to let people come and invite them in person.

Then Lin Feng rushed to a small town in Kansas, USA, where Sam Walton started his business, Newport. When you first came to the house of Samuel Robson-Walton, you could never believe that this is the house of the current president of "Wal-Mart". Compared with the neighbors around, this ordinary villa is too ordinary and ordinary. People thought it was just an ordinary American middle class living here.

What made Lin Feng even more surprised was that it was Samuel Robson Walton, the current president of Wal-Mart, who opened the door to greet Lin Feng.

"Mr. Lin, I'm really sorry for letting you come to the humble house not far away. Please come in." The 50-year-old Samuel Robson-Walton looked extremely calm, but this is not the indifferent kind of rural folks. It's the indifferent seeing through all the prosperity in the world.

These two kinds of indifferent, there is a kind of decisive difference in realm.

After entering Samuel Robson Walton's house, Lin Feng was even more surprised. If Lin Feng used one word to describe the arrangement of Samuel Robson-Walton's house, Lin Feng could only use one word to describe-simplicity.

But then I saw the honours and memorabilia of "Wal-Mart" over the years on the wall, as well as the classic saying-first, the customer is always right. Second, if you have any objections, refer to the first-Lin Feng is a little surprised. "Wal-Mart" relies on diligence and economy to develop step by step from a small family store to the world's largest retail chain.

After pouring Lin Feng a cup of coffee, Samuel Robson-Walton is straight to the point.

"Mr. Lin, we are a retail chain business and we know that time is money. I won't say too much polite remarks. Excuse me, why did you buy 50 million shares of Wal-Mart?" Samuel Robson-Wo Leton believes that Lin Feng is definitely not trying to acquire "Wal-Mart", which is absolutely impossible. The Walton family owns 44.45% of "Wal-Mart", plus the shares of other partners, holding more than 60% of the shares, and most of them are friends for many years. It is impossible for outsiders to buy "Wal-Mart", not to mention that Lin Feng does not have that much. money.

The reason why Samuel Robson-Walton invited Lin Feng to come today was because he held the usual cautious attitude of "Wal-Mart" and wanted to know what this Chinese man with assets of more than 40 billion US dollars wanted to do.

Lin Feng smiled slightly.

"First of all, I am investing. In the past ten years, the stocks of'Wal-Mart' have been stable like an ancient well, but the annual dividends are very surprising. Especially last year, I just became the top of the world's top 500 companies. I have so much spare money in my hands. After the recent dot-com bubble burst, investing in'Wal-Mart' is a very wise choice." Lin Feng explained.

Samuel Robson-Walton is noncommittal. This is by no means the truth about Lin Feng's $2.765 billion acquisition of Wal-Mart.

"The second point, I want to cooperate with'Wal-Mart'." Lin Feng said with a smile.

"Cooperation?" Samuel Robson-Walton was stunned. He didn't know where his "Wal-Mart" and Lin Feng could cooperate.

Lin Feng smiled.

"Mr. Walton, it's the 21st century, the Internet age. I believe that Wal-Mart can sell not only physical goods, but also virtual goods." Lin Feng said with a smile.

Samuel Robson-Walton was stunned, an unnoticeable color flashed in his eyes, but he didn't make a sound, he just poured another cup of coffee for Lin Feng.

"Mr. Walton, I believe you should understand what I mean. With the development of the Internet and the popularization of digitalization, many consumers are now accustomed to downloading mp3 from the Internet to listen to their favorite songs. This download is very huge. I believe Mr. Walton should know about the mp3 paid service download business provided by my subordinate "Phantom Technology", and its monthly global profit is about 5 million US dollars." Lin Feng took a sip of coffee and continued, "I believe." Wal-Mart' can also sell online music charging services, and the prospects are even more promising."

Samuel Robson-Walton's eyes lit up when he heard it, but he quickly covered up his past thoughts by drinking coffee. However, this light is still caught by the wind of Samuel Robson-Walton.

"Mr. Walton,'Wal-Mart' can completely build an online music sales store. I believe this can bring more profit to'Wal-Mart'. And the cooperation I am talking about is-my'Phantom Technology' I will provide a complete set of charging system and operating experience to Wal-Mart free of charge. Of course, in return, my "Phantom Technology" only needs 30% of the profit sharing for mp3 downloads." Lin Feng said.

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Samuel Robson-Walton was taken aback after hearing this. This kind of thing is simply a pie in the sky, which is equivalent to saying that Lin Feng gave up 70% of the profits to "Wal-Mart" in vain. There is no money-free lunch in the world, and Samuel Robson-Walton never believed that Lin Feng would be so kind.

"Mr. Lin, please be blunt, this seems to be beneficial to Wal-Mart, but what good is it to Mr. Lin?" Samuel Robson-Walton asked directly.

Lin Feng smiled bitterly.

"Mr. Walton, you should know the contradiction between me and Sony Records and other record companies!" Lin Feng asked lightly.

Samuel Robson-Walton nodded.

"Mr. Walton, then you should also know that the paid download service of mp3 provided by my subordinate'Phantom Technology', the copyrights of which are signed with major record companies. There are more than one month, the contract signed by'Phantom Technology' It’s about to expire. But at the moment, these record companies don’t seem to be sincere in renewing my contract. In that case, I might as well contribute this system. I believe that with the strength of'Wal-Mart', these record companies are certain Will buy it, and will sign a license agreement with Wal-Mart. In this way, although I lost 70% of the profit, it is at least better than nothing at all, isn’t it! Not to mention the customers who bought my Phantom mp3 player can still Enjoying the service is the most important thing." Lin Feng said helplessly.

Samuel Robson-Walton nodded.

"But, Mr. Lin, aren't you afraid that I am developing an online music system alone?" Samuel Robson Walton thought about it, and couldn't help asking.

After all, "Wal-Mart" is also fully capable of developing this online charging system, but it takes a little longer.

"Hehe, if Mr. Walton is so unwise, I can only transfer it to the'apple' company. Although Jobs and I are competitors, it does not mean that we cannot cooperate. The enemy's enemy is a friend, if' Wal-Mart sells online music. I think Mr. Jobs, the president of Apple, will be very happy to work with me." Lin Feng said confidently.

Samuel Robson-Walton was silent after hearing this. If Lin Feng cooperates with Jobs, then "Wal-Mart" may face a **** battle to develop an online music system. Instead, choose to cooperate with Lin Feng. "Wal-Mart" does not need to spend almost anything and can obtain "Phantom Technology" every month. 70% of the profits of the original mp3 download system.

It's a bargain! But Samuel Robson-Walton never believed that Lin Feng asked for only these.

"Hehe, Mr. Walton, I still have a little request. I hope that'Wal-Mart' can sell Avril Records records, and according to the style of the record, the records will be placed in the most conspicuous places in different product areas Sell. Of course, as a promise, no matter how the situation changes in the future, all records of Avril Records will only be sold on'Wal-Mart'." Lin Feng stated his true purpose.

Samuel Robson-Walton suddenly realized. Only at this moment did I understand the significance of Lin Feng's acquisition of 1.31% of "Wal-Mart" shares. I am afraid it is to use the power of "Wal-Mart" to fight against the "blocking" of major record companies in the world. This is one of the reasons why Lin Feng specially sent "Wal-Mart" 70% of the profits.

Samuel Robson-Walton closed his eyes, thinking for a while. He wants to calculate whether the cooperation between Wal-Mart and Lin Feng is a loss or a profit. After all, cooperating with Lin Feng means that "Wal-Mart" indirectly "ran into" with global record companies.

Lin Feng did not urge Samuel Robson Walton, tasting the coffee silently, adding the coffee when he finished drinking, and when Lin Feng drank the third cup of coffee, Samuel Robson Walton Opened his eyes.

"Mr. Lin, I think we should be able to become a very good partner." Samuel Robson-Walton stretched out his hand.

"Wal-Mart" is the world's largest retail chain, and it has no intersection with record companies. If there is, it is the record company seeking "Wal-Mart" instead of "Wal-Mart" seeking record company. That being the case, "Wal-Mart" is of course fearless!

Benefits come first!

"Thank you Mr. Walton for giving me this opportunity to cooperate. I think that from now on,'Wal-Mart' should add a new profit point-record sales." Lin Feng said with a smile.

Samuel Robson-Walton smiled confidently. "Wal-Mart" sells records a few years ago, but it is small in scale and cannot be compared with record shops. The cooperation with Lin Feng means that record sales will become one of the other major businesses of "Wal-Mart". After all, from now on, all the records of Avril Records will only be sold on "Wal-Mart", which will bring more traffic, more customers, and more business to "Wal-Mart".

Of course, the premise is that Avril Records can survive and have more singers. However, as long as Avril Records can survive the current level, with the appeal of Avril and Michael Jackson, there will be more artists under Avril Records in the future. Therefore, Samuel Robson-Walton decided to cooperate with Lin Feng to completely grab the business of the record store and make "Wal-Mart" more prosperous.

This is also Lin Feng's original intention. These record shops obeyed the instigation of the record companies, and the world rejected the records of Avril Records. Then I will uproot your entire record store and let you fall apart. Within ten years, I will let the record industry disappear!

You can offend me, but don’t offend my women and friends, or I will make you pay a price that you absolutely cannot bear. ——Lin Feng's eyes shot a ray of bloodthirsty light.

Samuel Robson-Walton couldn't help but chill, but he was excited when he thought of the future "Wal-Mart" gradually eroding the profits of the record store.

"Wal-Mart", the world's largest retail chain, must make everything the best and cheapest in the world.

At this moment, Lin Feng looked at Samuel Robson Walton and said suddenly.

"Mr. Walton, I now own 1.31% of Wal-Mart. I am also planning to purchase another 20 million shares to make the share 2%. I wonder if one of my cousins ​​can become a director of Wal-Mart. She is just listening. No matter what, I don't do anything, don't make a statement, just have such an honor." Lin Feng said with a smile.

Samuel Robson-Walton was taken aback.

"Hehe, Mr. Walton, because she used to work in a Carrefour supermarket, and she clashed with the manager and left in anger. I just wanted to help her raise her eyebrows. As long as she has a false name, she just sits in a meeting. There is nothing. Voting rights." Lin Feng continued to explain (but he was full of nonsense).

Samuel Robson-Walton frowned and thought about it, if it was just like this, then there was nothing wrong with it. Moreover, if Lin Feng really owns 2% of the shares, he does have the right to join the board of directors. After thinking about it, Samuel Robson-Walton nodded in agreement.

"Thank you Mr. Walton for your kindness, I thank you for my cousin." Lin Feng smiled mysteriously.