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

Chapter 1100 Wang Jianlin praises Su Yang! Tencent Industry Fund is interested in Su Yang!
Both sides worked overtime for four days to finalize the cooperation terms.

The current situation is that both Wang Jianlin and Sun Zhiliang are somewhat anxious.

Wang Jianlin was in a hurry for money, while Sun Zhiliang was worried that if things dragged on any longer, other capital would interfere. If another Su Yang appeared, things would only get more complicated for them!
After repeated review of the contract by the professional lawyers of both parties, Deng Zhiyuan, general manager of Jufan Hotel Management, and Ding Weikang, general manager of Tongcheng Hotel Management, signed a cooperation agreement!
Then, Su Yang and Sun Zhiliang approached Wang Jianlin, who happily agreed to their offer of 3 billion yuan. After all, he knew that without Su Yang, Yida Hotel would never have sold for such a high price; 2.5 billion yuan would probably have been the highest price ever!

After signing the acquisition agreement and the stringent non-compete agreement, Wang Jianlin couldn't help but say to Sun Zhiliang, "Chairman Sun, you've really found a great ally by cooperating with Chairman Su!"

Sun Zhiliang forced a smile and said, "Is that so?"

"Of course! Don't underestimate Chairman Su!" Wang Jianlin glanced at Su Yang and laughed. "Chairman Su is the most outstanding young business genius I've ever met. He built his fortune from scratch to tens of billions, which is much better than what we had when we were young... You might make a fortune by cooperating with him!"

"Really?"

Sun Zhiliang was certainly aware of Su Yang's situation, but he was still somewhat shocked that Wang Jianlin could give Su Yang such a high evaluation!

Despite his attempt to take advantage of Wang Jianlin's misfortune with his company, he genuinely respected Wang Jianlin as a person!
More than a decade ago, it was Wang Jianlin's Yida Culture Group, together with strategic investors such as Tencent Industry Win-Win Capital and Huaxin Industry Capital, that invested more than 60 billion yuan in Tongcheng Travel.

At the time, this was the largest single investment ever received by a domestic online travel company!
Yida Culture Group not only invested over 35 billion yuan in them, but also acquired its travel agency and provided them with considerable offline support...

This investment provided Tongcheng Travel with crucial capital support and in-depth strategic resources, particularly in accelerating its offline expansion and resource integration.

This also laid a solid foundation for Tongcheng Travel's IPO in Hong Kong three years later!

Of course, Yida Group withdrew from Tongcheng before its listing, but Wang Jianlin can be considered his benefactor and mentor!
“Of course it’s true!” Wang Jianlin nodded. “Tiancheng International Hotel’s sleep aid service is amazing. It can be promoted to all Yida Hotels, and even to your Tongcheng Hotel Management’s thousands of hotels… If it can be effectively integrated, and with your traffic support, Yida Hotel Management might be able to compete with international hotel giants, and your Tongcheng might be able to defeat Xiecheng in the hotel business!”

Although XCheng is a major shareholder of Tongcheng, this is only a financial investment. Tongcheng is still independent, otherwise it might trigger a monopoly... Tongcheng is also eager to defeat this powerful competitor in the domestic business!
"Really?"

"I can only say there's a chance!" Wang Jianlin continued, "You think I brought your two companies together to make you raise prices? That's only one aspect. Actually, I also hope you can cooperate to develop and expand Yida Hotel... After all, Yida Hotel Management is half a lifetime's work for me!"

Su Yang really wanted to complain, this guy is really shameless!

However, Su Yang also liked listening to what he said!

He knew that Old Wang was praising him like that to give him face...

Sun Zhiliang glanced at Su Yang again and suddenly felt that this man seemed to have become... more pleasing to the eye!

Perhaps, we can really work together seriously?
Similarly, Sun Zhiliang's subordinates, as well as the senior executives of Tongcheng Hotel Management, also began to reassess the operational strength of Jufan Hotel Management because of Wang Jianlin's words!
The following day, Yida Hotel Management Development issued an announcement stating that it would sell Yida Hotel Management, its five subsidiaries, and all its mid-to-high-end hotel brands to Tongcheng Travel and Jufan Hotel Management for 30 billion yuan.

The news immediately attracted nationwide attention!

Because many news headlines read, "Yida Supermarket reopens, Wang Jianlin continues to sell off assets!"

At the same time, Tongcheng Travel also issued an announcement, announcing the acquisition of a 49% stake in Yida Hotel Management for 14 billion yuan.

However, at this time, Jufan Hotel attracted the attention of many investors!
According to Tongcheng's announcement, Jufan Hotel Management Co., Ltd. holds a 51% stake in this acquisition, while Tongcheng has not yet gained control of Yida Hotel Management Co., Ltd.

Generally speaking, if Tongcheng, a listed company, were to gain management control, it would announce consolidated financial statements! Many investors are curious about just who this Jufan Hotel Management is, that it can't even beat Tongcheng, a leading online travel company...

When they discovered that Jufan Hotel Management was a subsidiary of Jufan Group and currently only operated one five-star hotel in Rongcheng... they all looked puzzled. How did Sun Zhiliang fail?
They lost to a small company in Fuzhou?
How strong is your online travel leader?
However, they realized that Jufan Hotel Management was a subsidiary of Jufan Holdings after they discovered that Jufan Hotel Management was actually a subsidiary of Jufan Holdings.

Isn't this the company that recently acquired Highstar Retail and Romi Bio?
If it's this company, it seems quite possible that Tongcheng Travel can't compete with it!

After all, they are genuinely wealthy!
At the headquarters of Tongcheng Travel, in the chairman's office, board member Deng Liyun laughed and said, "So, you can't compete with them in terms of money?"

“Yes!” Sun Zhiliang said helplessly, “Our initial offer was 22 billion, but after that person joined, the price was raised to 30 billion in a short period of time. I’m afraid that person can raise it to 40 billion!”

Deng Liyun is an associate of Tencent, the current major shareholder, and also a member of the company's board of directors!
"That's quite possible. I've heard that they have tens of billions of dollars on hand and are worried about where to spend them!"

"you know too?"

“Yes!” Deng Liyun nodded. “This man is now famous not only in the financial circle but also in the investment circle. Didn’t he recently acquire Gaoxing Retail and Luomi Bio?”

"what happened?"

"Let's not even talk about Gaoxing Retail. Their performance is improving. As long as we continue to support them, they'll make a profit. They've gotten a bargain from Alibaba!" Deng Liyun said in a low voice. "I recently heard from a friend in Guangzhou that when Jufan Holdings acquired Romi Bio this year, Romi Bio was valued at six hundred million US dollars!"

"The valuation has gone up now?"

"Yes, I heard that a foreign medical giant has its eye on RomiBio's bispecific antibody product and wants to buy the overseas license and subsequent development for $1.3 billion... RomiBio refused!"

Wow~ This is a huge profit!

"Yes, he's really strong. He's excellent in business management, as well as in the real economy and financial investment. Otherwise, he wouldn't have risen so quickly!" Deng Liyun said with a smile. "Now, that General Manager Su is a big boss in the southwest. Many established companies have been overshadowed by him... He treats his employees very well and has a great reputation. I've heard that people or companies that have worked with him speak very highly of him!"

"Like This!"

Hearing Deng Liyun praising him, Sun Zhiliang's impression of Su Yang improved even further!
Deng Liyun then asked, "Is that Chairman Su still in Hong Kong?"

"Here I am!"

"Could you introduce me to someone?"

"Are you interested in him too?"

“Of course!” Deng Liyun nodded. “Our Tencent Industry Fund is also very interested in innovative drugs, and we’ve invested quite a bit of money in them over the years… as well as in finance!”

"can!"

(End of this chapter)