The sky in foreign countries is relatively blue.

Of course, this is also an advantage accumulated by others after decades of exhibitions. Thinking about the air quality of big cities like London back then, it was also very poor.

Pollution first and then governance is not unique to the Celestial Empire, but is almost a common rule in the world.

Only exhibition is the bottom line!

Jiang Hui and his party stayed at the Hilton Hotel in Tokyo Chuo District, Tokyo. The Presidential Suite is located on the 34th floor of the hotel. When you walk to the balcony, you can see the beautiful scenery of Tokyo Bay.

"Mr. Jiang, tomorrow we will meet with the staff of Goldman Sachs Island Branch, and then go and negotiate with Yamato Securities and Sumitomo Mitsui Bank. Judging from the current situation, the manufacturers interested in Sanyo are not just Guanghui Group. We may have to take a decisive approach to avoid exotic troubles."

The person responsible for specifically promoting Jiang Hui's itinerary in the island country is Joe Kimura, the president of nIc. He is a native of Tochigi Prefecture, a bachelor's degree in computer science and technology from the University of Tokyo and later studied in the United States to obtain a doctorate in computer science from Stanford University.

Since Jiang Hui split the video business of Guanghui Group into three major modules: Tudou.com, nIc and pTaT, the registered locations and management personnel of each company have been changed, and they have basically taken the path of localization.

In the Tudou.com of the Celestial Empire, all managers are from the Celestial Empire, and in the island country, although some groups have sent out personnel, the main bodies are from the island country. The same pTaT managers are basically listed Americans.

The Internet is an industry that requires very high timeliness and is very sensitive to policies. It is difficult for a foreigner to manage an Internet company well.

The major Internet companies in the Celestial Empire in later generations were basically local enterprises in the Celestial Empire, and those who were purely foreign-funded could not survive.

Of course, the so-called local enterprises also need to be quoted. Because of the issue of early financing, basically the shareholders of well-known Internet companies in the Tianchao have many foreign venture capital investors, so it is actually difficult to distinguish whether this is a foreign-invested enterprise or a local enterprise.

"In the eyes of the island people, what kind of company is Sanyo?"

Jiang Hui looked at Dongjiang Bay in the distance and asked about the wood next to him.

"How to say, Sanyo was once a store brand that was as famous as Panasonic and Sony, and basically all island people have Sanyo products to a greater or lesser extent at home. However, in recent years, Sanyo's exhibition has entered a stagnation and its presence has become lower and lower." Kimura began to think about it for a while.

"Looking back on the history of Sanyo for more than 60 years, Sanyo, which was once a pioneer in the island country's overseas market development, has now become dusk. Sanyo's glory was once dazzling. The industry of the island country once specifically stated the word "3" to represent Sanyo, Sharp and Sony, which stood out in the economic depression. Their names all began with.

"In 2oo1 years, Sanyo's profit exceeded 500 million yen, which was the most profitable among the home appliance companies in the island countries. At that time, Sanyo's stock price was far better than that of island countries such as Panasonic and Toshiba, and it was full of glory. But like many Chinese companies, Sanyo's crisis began at the peak of success."

"But after 2oo1 years of glory, Sanyo's profits have not reached 2% of sales revenue from 2oo2 to 2oo4. As one of the world's largest digital camera manufacturers, Sanyo once occupied 30% of the world's em market. However, during this period, Sanyo's digital camera department's profits fell by 3%. At the same time, the mobile phone price cuts also caused its mobile phone business to fall into a downturn. By the end of 2oo4, from dVd players to washing machines, Sanyo's consumer goods department's net income fell by as much as 20%.

"In January 2oo5, Sanyo released its fourth quarter financial report for 2oo4, with a loss of up to a record $173.5 million. The main reason for this loss is said to be the sluggish digital camera market and the suspension of chip factories. In July 2oo5, Sanyo announced the closure of chip and LCD display manufacturers in the Celestial Dynasty. In November 2oo5, Sanyo released its first half of 2oo5 financial report, with a net loss of $1.3 billion. The biggest reason for the deterioration of Sanyo's performance is the continued recession of the consumer sector and components sectors."

"In December 2oo6, nTT announced the recall of Sanyo batteries equipped with some models of mobile phones, with a total of 130,000 yuan. This battery recall incident severely hit Sanyo's brand reputation. After the deterioration of operations, the brand reputation this time finally pushed Sanyo into a state of doom. For consumers in the island country, Sanyo's brand is becoming less and less trustworthy." Kimura said with emotion.

Watching him build a tall building, watching him entertain guests, and watching the building collapse...

As an islander, Kimura's mood is quite complicated. From childhood to adulthood, he has used Sanyo's radio, Sanyo's refrigerators and washing machines, and even Sanyo's cameras, Kimura has used it for a short time.

But now, the image of Sanyo, the giant in the eyes of the island people has collapsed.

"For our group, Sanyo brand is not trustworthy, which may be a good thing, so that its major shareholders will be happy to get rid of this burden."

"With that being said, I heard that Panasonic has always been interested in acquiring Sanyo, so we should pay attention not to be taken first."

"For Panasonic, the most valuable part of Sanyo is the battery business, and Sanyo's home appliance business competes with Panasonic products. Even if Panasonic acquires Sanyo, it will sell Sanyo's original home appliance business one by one on the grounds of sorting out duplicate businesses. I believe this is definitely not the result that Sanyo's management hopes to see."

"That's true. Except for a few fields, Sanyo's technology is really not as good as Panasonic. But considering the special relationship between Sanyo and Panasonic, it is hard to say whether the people on the Sanyo board of directors will vote with their feet." As an islander, Kimura still knows the behavior of islanders very well.

In fact, not only in the Celestial Empire, but also in the island countries and even in the entire East Asia, business is not just a simple business, with various influencing factors mixed in it.

Especially if there is a very close and special relationship between founders like Panasonic and Sanyo, it is basically destined that the businesses of the two companies will have intersection sooner or later.

"Now, all companies are being treacherous by the increasingly severe subprime mortgage crisis, and they are becoming more and more cautious about various investments and acquisitions. This is actually a good opportunity for our group. Many companies that cannot find suitable sellers have no hope of intervening. Now they can try it. Sanyo is just the beginning, and it will definitely not be an accident. In the future, we will have more opportunities to acquire some traditional sub-segment giants." Jiang Hui said.
Chapter completed!