Although has left the country more than a month, but Chen Xiao remains the focus of media attention.
4 23rd, at the time of an interview with this reporter, Chao Shu Wei, Chairman of industrial household products chain enterprises said in early May, it will be out of the first &ldquo in Shanghai; nest pretty ” store. Chen Xiao, is the main investor of the new founded company.
5 days ago, in Shanghai Pudong new area office, Chen Xiao reporter said after leaving the United States, with years of experience in commercial chain-like enterprise venture, he turned investor, hold the retail industry.
and as Chen Xiao investment, Chairman of the first enterprise, beams for the old men are Chen Xiao, Lo Wing-Lok electrical doyenne. In 1996, the beam is funded jointly with the others, including Chen Xiao 6 million Yuan founded the Shanghai Yongle, and has long served as Executive Vice President of Lo Wing-Lok electrical appliances, is also the only female Vice President.
23 day, beam is disclosed to reporters, “ name nest 3 years industry has been brewing for a long time, formal hatch forming &rdquo in early 2011. She also said, in China's household products in the high-end market, nest industries to achieve industry-leading. Based on “ this market is close to gap ” judgement, Chen Xiao, Shu Wei, shareholder, “5 has been developed for nest year 500 stores ” expansion plans.
Lo Wing-Lok ruling body
in Chen Xiao are beginning investor career, Shanghai Yongle's management team, will play an important role.
1996 year, Chen Xiao Shu Wei, Liu Hui, beam unique, Sun Wenjuan, 12 natural persons jointly financed $ 6 million the creation of &ldquo Shanghai Yongle household appliances interlock limited ” Shi, Chen Xiao-funded $ 700,000, 11.67% per cent of the total share capital, beams for the contribution of $ 250,000, 4.17% per cent of the total share capital.
chaired by Chen Xiao Lo Wing-Lok electrical age, Vice President in power after Chen Xiao Shu Wei is Executive Vice President. Memories during his first journey as an entrepreneur, beam said “ at that time is courageous, good entered an industry participation in the ”.
Chen Xiaozhu “ nest ”
2006 in June, GOME 5.268 billion Hong Kong dollars after the acquisition of electrical Lo Wing-lok, beam still remain in Lo Wing-Lok electrical appliances. At that time, the beam Wing Lok electrical non-listed business, responsible for dealing with the aftermath of the work, the work continued for a year-long. In August 2008, GOME final price of $ 811 million, non-listed business acquisitions Lo Wing-Lok (10% Lo Wing-Lok of the Chinese equity, Chen Xiao, Shu Wei, Liu Hui, and Yuan Yashi, and other people hold about, 7.25%, 0.98%, respectively). In accordance with the price, at that time, Chen Xiao, bundle respectively to cover is $ 588 million and $ 106 million.
after 3 years, beam said himself in a resting State, “ it took me two years ' time, with House decorating their own practice, to understand the household products market, after he spent 1 year's time, to examine the vendor and channel competitors. &Amp;rdquo;
as a nest of industry and one of the main backers of the founders, beam said nest industrial phase of investment has been settled, investment of $ 75 million, the main source of funding was that she and others, including Chen Xiao. &Amp;ldquo future, along with the expansion of the store, we also appended several nests of industrial investment, capital increase of total should be Chan and me. &Amp;rdquo;
for the household products chain enterprises investment, Chen Xiao, also known as, “ we invest now, not like 1996 when first venture. We belong to the business, this time, we will not let enterprises on funding challenges ”.
