Before coming to Canada, Donnie once said to focus on four industries in Canada.
Finance, energy, agriculture, and manufacturing!
Among them, Rongmei will focus on finance and energy, while agriculture and manufacturing will be independent actions by Venus Bank.
Currently, for the development of Rongmei Bank in Canada, the first step is to acquire some of Canada's small and medium-sized banks!
In fact, this type of acquisition is very risky in business development.
Because blind expansion can likely lead the company to become bloated and also disperse the company's equity.
The most obvious example is General Motors' Billie Brown.
In the early days, Billie Brown used the funds provided by Morgan to acquire and merge more than twenty American automobile companies, including Cadillac Company, Murphy Motor Company, Northway Automobile Company, and Buick Company.
Then Billie Brown lost control of General Motors and eventually lost General Motors.
