Rebirth: Return to 1991 to be the richest man

Chapter 1192 Absolute Trust

After pacing back and forth in the office for a while, Zong Daming gritted his teeth and asked his secretary to summon all the company executives to the conference room.

Regarding the price reduction, a meeting must be held to discuss.

If it really spreads across the country, Wahaha must come up with countermeasures.

It's not that Zong Daming made a fuss, it was because Chen Jianghai's reputation was too great.

Chen Jianghai is a shareholder of Jiamei.

Even if this matter is Chen Shuyao's personal behavior, once Chen Jianghai knows about it later, he will definitely support it.

Thinking about the energy of Qiuhai Group, Zong Daming couldn't help but feel a tremor in his heart.

In a price war, in the end, you lose money.

Comparing who has a richer family background.

Although Wahaha now has the support of Danone, it still dares not challenge Qiuhai Group.

In the next few days, prices in Hangzhou's drinking water market began to drop.

Jiamei was the first to start cutting prices, with every product reduced by [-] cents.

It’s only been a day since Jiamei lowered its prices, and Wahaha followed suit with a brutal price reduction of [-] cents.

After all, Hangzhou is the headquarters of Wahaha, so it cannot lose its momentum.

Seeing this situation in the market, consumers are naturally happy to see the results.

No matter what the merchants are doing or what their plans are, as long as they can give them discounts, they will be happy.

At this point, consumers think that’s about it.

After all, according to this price reduction, there will not be much profit left for the two companies.

Early the next morning, Jiamei started to cut prices again.

This time it dropped by another [-] cents, which is [-] cents lower than Wahaha.

According to Jiamei's current price, it basically means there is no profit at all.

The cost, transportation fee, dealer's agency fee, etc. are basically the same as the current price.

When Wahaha saw this situation, it did not dare to cut prices in a hurry, but reported the situation to Zong Daming.

Wahaha's current profits are only around two to thirty cents.

If it drops to the same level as Jiamei, there will be no profit left.

According to Zong Daming's idea, that is to reduce the price by another two cents and directly fight for the beauty of the family to the end.

Wahaha may not make any money, but Jiamei will definitely lose money.

Zong Daming's decision was not adopted at the shareholders' meeting.

Most people think that Wahaha’s current prices can be reduced to the same as Jiamei’s.

Jiamei doesn't make money, but Wahaha is at least profitable.

If things go on like this, Jiamei will definitely not be able to hold on.

Although this reason makes sense, Zong Daming always feels that this matter must be cut through quickly, otherwise the longer it is delayed, the more variables will arise.

The reason for having such an idea is, after all, because of the existence of Chen Jianghai.

He still doesn't know if Chen Jianghai is really involved here.

It's a pity that Zong Daming, as the leader, also looked helpless when faced with this attitude of shareholders.

Wahaha is a company founded by Zong Daming.

However, after several years of development, his shares have been slowly distributed.

On the price issue, he has lost his absolute right to speak.

Now, although he was unwilling to give up, Zong Daming could only reduce the price by another ten cent according to the decision of the shareholders' meeting, so that the price would be the same as that of Jiamei.

After such price reductions, drinking water products in Hangzhou market are nearly [-] cents cheaper than nationwide.

After the initial rush of buying, the sales of both companies stabilized.It is impossible for ordinary families to buy so much drinking water at once, and this is not a time of famine.

Regarding this situation, Chen Shuyao called Chen Jianghai as soon as possible.

Nowadays, the drinking water market in Hangzhou can be said to have been turned upside down by Jiamei and Wahaha.

It can be said that other brands cannot survive in Hangzhou.

Seeing this situation, they also knew that Jiamei and Wahaha were probably going to fight.

Those who do this business in Hangzhou can only admit that they are unlucky and quickly sell off their goods at low prices.

If they wait until the two families fight, they will lose even more.

Chen Shuyao knew that this was just the beginning. If Chen Jianghai decided to deal with Wahaha, he would not give up halfway, so she was not anxious at all.

The one who should be worried now should be Zong Daming as his opponent.

After learning that Wahaha had stopped cutting prices, Chen Jianghai couldn't help but smile slightly.

Zong Daming finally chose to compromise.

According to the current price, Wahaha actually doesn’t have much profit anymore.

Chen Jianghai believed that as long as Jiamei lowered its price again, Zong Daming and the others would become anxious.

Zong Daming did not dare to continue cutting prices, and Chen Jianghai could guess why.

The most important one is probably the shareholders.

The shareholder structure of Jiamei and Wang Zhiyang is very simple, with Chen Jianghai and Chen Shuyao on one side, and Chen Jianghai and Xu Dong on the other.

Chen Shuyao and Xu Dong have absolute trust in Chen Jianghai.

No matter what decision Chen Jianghai makes, both of them will give maximum support without any doubt.

The reason why they do this is also very simple.

Without Chen Jianghai, Jiamei and Wang Zhiyang would not be what they are today, and Chen Shuyao and Xu Dong would not be what they are today.

Therefore, for this reason, the trust the two of them have in Chen Jianghai is beyond the comparison of ordinary people.

As soon as Chen Jianghai said to lower the price, Chen Shuyao and Xu Dong lowered the price without saying a word.

On the other hand, Zong Daming found it much more difficult than Chen Jianghai to make the decision to reduce prices.

This can be seen from Wahaha's reaction speed.

For the sake of their own interests, Wahaha's shareholders would not agree to Zong Daming's win-lose approach to deal with Jiamei.

If this had been the case when Wahaha was just starting out, Zong Daming, who had absolute say, could of course have waved his hand and the people below him would do what he said.

With the development of Wahaha today, Zong Daming is no longer the only one holding shares.

Any major decision Zong Daming makes must go through the shareholders' meeting.

Once the price drops so much, it will definitely be unacceptable to these shareholders.

The more it drops, the less money they can get.

Perhaps in the eyes of these shareholders, the previous price cuts were completely unnecessary.

The price of Jiamei's products is only reduced in Hangzhou. Even if Wahaha does not reduce the price, it will only lose sales in one city and will not have much impact on the overall profit.

Wahaha is now larger than Jiamei and Wang Zhiyang combined.

If Jiamei and Wang Zhiyang want to seize the market, they must invest enough funds.

These shareholders take it for granted that Wahaha's market is now quite stable.

The reason why the other party chose to take action in Hangzhou was actually because they wanted Wahaha to get into trouble.

They even felt that Zong Daming had overreacted.

If Jiamei wants to use this small means to seize the market from them, it is simply wishful thinking.

(End of this chapter)