Suning, Gome's first battle commentary: values determine policy.

Gome <P> battle for control is still the hottest topic of the retail industry. .</ P> <P> 11 4, by the China Chain Store & Franchise Association's "2010 China Retail Leadership Summit", Gome battle for control of two key points, become the focus. .First, is the major shareholder of Gome Huang Guangyu of GOME Electrical Appliances pushing the expansion of logic and efficiency of the Board President Chen first strategy, which one is more recognized by the industry; second, the second shareholder of Gome Electrical Appliances Gome Bain Capital in the battle for control .role. .</ P> <P> vice chairman of Suning Appliance, Sun Weimin said, "Gome, Suning and the difference is not the same corporate values." </ P> <P> Gome for Bain Capital in the battle for control play .role, invested Wanda Group, home to dozens of Eastern Enterprises, said Wang Ping, chairman of Cypress Capital, "Bain Capital as an investment to pursue the interests of the feature is understandable, but it developed to this stage, no one .the situation in the end to say how the second half. "</ P> <P> 11 3, this reporter learned that the solutions proposed for Gome Huang Guangyu family battle for control, including the future direction of Gome, board structure and other packages .plan negotiations, still continue to ferment. .</ P> <P> specific content including: States United States insist on the future direction of Huang Guangyu, the main idea of leading the expansion, or efficiency-oriented development-oriented Chen; board structure there are two options, one of the existing 11 .Huang addition of two additional members of the Board on behalf of the family, the other option is the existing 11 members of the Board, replacing two of the family on behalf of Wong. .</ P> <P> Huang family spokesman said, "too many interests involved, can not predict when it will make a breakthrough." </ P> <P> Sun Weimin, the country's first talk about the United States </ P> <P> as Gome .has long been the biggest rival, Suning Appliance lasted more than two months for the battle for control of Gome, has been closely guarded secret. .</ P> <P> Gome Huang Guangyu, since after the arrest of Chen as the representative to the Board of Directors, advocated to carry out efficiency, close non-performing stores in the strategy, compared with the previous slow down the pace of expansion. .It also become the battle for control of the country in the United States, United States Huang family worried about the future loss of competitiveness, so do not believe Renchen Xiao remain one of the important reasons. .</ P> <P> two major home appliance retail giant, have focused on Suning and Gome, Suning, efficiency and quality more important, more important Gome Huang Guangyu era expansion logic. .Gome and Suning model for the Sun for the people that "the leaders of business strategy is subject to the decision-making, regardless of how rival, Suning will adhere to the 'background' priority to the development strategy." .</ P> <P> background priority, that is, with relatively rapid store expansion, focusing on supply chain, organizational structure supporting the overall capacity building. .</ P> <P> fact, the "background priority" Su Ning, the rate of expansion is expected from the development, has already achieved the country beyond the United States. .Zhang Jindong, Suning, Chairman, announced the end of September in Nanjing Suning new store opening program in 2010 amounted to 400. .August 23, Gome semi-annual conference, Chen announced the next 5 years, Gome shop plan, which called the country the United States the next 5 years to open 700 new stores, less than half of Suning 5-year plan. .</ P> <P> as a listed company, in dealing with the relationship between investors and the public interest, said Sun Weimin, "Su Ning has always insisted, holding the attitude of respect but do not meet. Business has its own development logic, it is the enterprise .will need to adhere to. "</ P> <P> investigate the United States in the battle for control topic of the development model, the Sun people that the diversification of retail has entered the era. .Differences in the economic development of east and west, urban-rural dual market structure, factors such as per capita income gap is the cause of multiple retail. .</ P> <P> order to meet the diverse trends, said Sun Weimin, Suning has been adhering to multi-channel innovation in the field. .According to its introduction, the major operations of the current channels have Suning buy channels, retail stores, the Internet channel. .In accordance with established plans, online sales channels Suning Suning Tesco, this year's sales forecast of 15 billion. .</ P> <P> capital's role </ P> <P> Bain Capital in the battle for control of Gome, a special role to play, making a number of local retailers, in the face of the capital market, is another state of mind .love and hate. .</ P> <P> for Bain Capital in the country battle for control of the U.S. role, the first capital and the Five Star level of contact had to master 20 billion yuan retail investment, said Wang Ping, chairman of Cypress Capital ."As Bain in the domestic counterparts, can not be too many comments, but characteristic is the pursuit of high returns of capital, which is understandable." </ P> <P> former chairman of Five Star, Five Star Holdings, said chairman Wang Jianguo ."Retail is characterized by speed and size, determine the retail industry must embrace the capital market, through the rapid development of enterprises specialized division of labor." According to its introduction, around 2003, Five Star has not been achieved and capital markets as docking ., mainly through its own funds, bank loans, supplier account of the development, the situation is, Five Star Bank loans owed to several million dollars. .</ P> <P> how to deal with the relationship between the capital market, already has two 3-year direct investment and indirect investment in the company's Wang Jianguo said, "many retailers, it should be the spirit and capital markets' early love, .Marriage care 'attitude. " .According to its introduction, the domestic retail business is more complex due diligence, typically spend at least a year or two to conclude a genuine and investment communication. .At the same time, capital and business side must have a common development goals. .</ P> <P> Core Tip: U.S. control of the country's two key points of contention, one which Huang and Chen's strategy of a more recognized by the industry; the second is the role of Bain Capital. .</ P> <P> Ping that is closely related to the retail and consumption is still the focus of capital market investment. .However, he said, "Before, PE investment market in the Chinese retail market, dominated in the next 5-10 years will be an era dominated by local investors." .</ P>.