The wealthy entrepreneur: I want to support millions of employees!.

Chapter 1094 Old Wang, sitting calmly on the sidelines! A face-to-face alliance!
He was also prepared to bleed money. Yida Hotel Management would definitely not be sold for less than 25 billion as in the business simulation. He would definitely have to compete with Tongcheng Travel.

Moreover, Yida Hotel Management is of great significance to Tongcheng Travel, unlike the previous competition with Hongyin Capital, where they would easily back down.

Hongyin Capital has lost Gaoxing Retail, but there are still many other industries in China that it can acquire.

But Tongcheng Travel is different. It is one of the leading travel software companies in China and has been working in the hotel industry for many years, integrating online and offline channels.

However, their hotels are all mid-range hotels. If they can acquire Yida Hotel's mid-to-high-end brand, they will gain the management and operation rights of more than 200 hotels that are already open and more than 400 hotels that are yet to be opened, which is of great significance to them!
Soon, Su Yang's employees began to investigate and evaluate Yida Hotel Management.

However, since Yida Hotel Management doesn't have many heavy assets, and its parent company is a Hong Kong-listed company with relatively standardized accounting, the evaluation won't be too complicated.

At Wang Jianqi's introduction, Su Yang had a meal with Sun Liangzhi, chairman of Tongcheng Travel, at the hotel.

The two had a very friendly exchange, while Su Yang cursed Old Wang in his heart.

Sun Liangzhi was also quite unhappy, feeling that Wang Jianlin was extremely immoral!
After dinner, Wang Jianlin led the two to a tea room. After they had enjoyed tea for a few minutes, he spoke frankly: "Both of you have made quite sincere offers... So I'll be honest with you! I hope to sell Yida Hotel Management as soon as possible. I will give priority to those who can pay more in cash as a down payment!"

Su Yang and Sun Liangzhi both understood Wang Jianlin's meaning. Yida Hotel Management Company was definitely Wang's prized possession, and he would never sell it unless absolutely necessary.

The only reason he was forced to make this decision was to repay his debts that were about to come due!

Acquisition projects involving hundreds of millions or billions of dollars often require installment payments.

Even for powerful domestic conglomerates, it is extremely difficult to come up with hundreds of millions or billions of yuan at once!

Sun Liangzhi looked at Su Yang, who was too young to be true, and felt somewhat reassured!

He had little recollection of Jufan Holdings, only knowing that the company had recently spent over 10 billion yuan to acquire Gaoxing Retail...

He admitted that the company that could come up with tens of billions to acquire Gaoxing Retail was very strong... but now it must be difficult for them to generate cash flow, right?

But just as he was feeling smug, Su Yang put down his teacup and chuckled softly, "Cash flow is not a problem. If I wanted to, I could produce one or two billion in cash in a short period of time!"

Upon hearing this, Wang Jianlin sat up straight, his eyes lighting up!

Sun Liangzhi paused for a moment, looking at Su Yang with some surprise.

This young man seems to be exaggerating!
Wang Jianlin seemed to have seen through Wang Jianlin's thoughts, so he introduced him again: "Chairman Sun, Chairman Su is no ordinary person. You must have heard recently about someone who made tens of billions by shorting US stocks, right?"

"It's him?"

Wang Jianlin had already explained it all, so how could Sun Zhiliang not understand what he meant!
He knew about the news, but he didn't think of Su Yang that way.

“That’s right!” Wang Jianlin nodded with a smile. “The one shorting US stocks is the private equity firm under Chairman Su’s name. Chairman Su’s private equity firm is the number one in Southwest China and is very well-known in the industry!”

Sun Zhiliang's heart skipped a beat, and he immediately sensed something was wrong.

He never expected that the person in front of him was actually in finance!

Tongcheng Travel is indeed a listed company with considerable financial resources. However, it might still be a bit hesitant when dealing with financial institutions!

If the other party really made over 10 billion yuan, then Tongcheng Travel might have to pay a heavy price to acquire Yida Hotel Management!

Seeing Wang Jianlin's calm and collected demeanor, Su Yang felt somewhat displeased, as if this man had him cornered.

He then looked at Sun Zhiliang, recalling Tongcheng Travel, the leading company behind it, as well as its major shareholder, Tencent, and its second-largest shareholder, Xiecheng...

Is it really necessary for everyone to continue fighting and let Lao Wang reap the benefits?
“Mr. Sun, taking over Yida Hotel Management is actually quite risky for you, isn’t it?” Su Yang said with a smile. “The performance of high-end hotels is declining, and many five-star hotels have started selling boxed meals at street stalls. I know you want to integrate online and offline channels, but spending more than 2 billion yuan to rashly acquire Yida Hotel Management is also very risky for Tongcheng Travel, right? You don’t have any experience in operating five-star hotels!”

Sun Zhiliang frowned; Su Yang's words had struck a chord with him.

Tongcheng Travel's acquisition of Yida Hotels was indeed a risky move!

He was well aware of Yida Hotel's current situation; its performance wasn't good among mid-to-high-end hotels in China, and it had been gradually declining recently...

Wang Jianlin sensed something was wrong and quickly said, "Chairman Su, don't underestimate Chairman Sun. Chairman Sun has been in the tourism industry his whole life. Tongcheng Travel is not only a leading online travel company, but it also has the backing of Tencent, so it has abundant online traffic!"

“Of course I won’t underestimate Tongcheng Travel, but even with traffic, you still need to retain customers, right? Last year, Yida Hotel Management’s performance plummeted by 85%, with revenue exceeding 800 million but profits only reaching 20 million Hong Kong dollars! Chairman Sun acquired Yida to make money, not to lose money, and also to be responsible to shareholders and investors…” Su Yang looked at Sun Zhiliang and said, “What I mean is, our Jufan Hotel Management has experience in operating high-end five-star hotels, while your Tongcheng Travel has online traffic… Should we join forces?”

The net profit margin of high-end hotels is still very low, at around 6%.

Yida Hotel's rates are significantly lower than 6%!
Su Yang was willing to acquire this hotel because of the hotel brand that Wang Jianlin had managed for many years, as well as the employees and the synergy with its subsidiaries!
Tongcheng Travel has money, influence, and online resources, so he really wouldn't mind if we all did it together!

His development was too rapid, and his foundation was inevitably somewhat unstable.

Having more friends and partners is always a good thing!
He does everything, and he always tries to monopolize every business, which makes him an easy target for envy... If something really goes wrong, he won't even have a friend to speak up for him, and he really doesn't care much about the hotel's profits!
As long as the partner agrees with your business philosophy, that's fine!

Wang Jianlin was stunned. He hadn't expected Su Yang to pull such a stunt, actually making an appointment with his competitor right in front of him!

Just moments before, Su Yang had been very humble and respectful towards him...

That wolf cub!

He took a deep breath and said, "Chairman Su, that's a bit unethical of you!"

"Business is business!" Su Yang replied unfazed by Wang Jianlin's question. "Besides, I think our cooperation has a promising future. Yida Hotel Management is Chairman Wang's dream, and you certainly wouldn't want it to decline in either of our hands!"

Wang Jianlin: "..."

Sun Zhiliang was also taken aback for a moment, then asked with some interest, "Cooperation?"

“That’s right!” Su Yang nodded with a smile. “Our Jufan Hotel Management has the capability to operate high-end hotels, and your Tongcheng Travel has online traffic. Our cooperation is a perfect match!”

(End of this chapter)