Reborn Entrepreneurial Giant

Futukang and BYD can produce a large number of cost-critical mobile phone parts. With the full cooperation of BYD, the procurement of Honor mobile phone parts will be much faster. Of course, this is not the point. Qu Li hopes that BYD will adjust the development direction of BYD Electronics, and no longer compete with Futukang for the stock market, but for the incremental market of smartphones.

"I discussed with Wu Hongning of Huatou that the subprime mortgage crisis in the United States is very serious. The A-share bubble will burst soon, and sooner or later it will spread to Xiangjiang. The valuation of BYD Electronics will be higher when it is listed one day earlier, and it will definitely not be delayed until next year. There are current valuations."

"iPhone and Honor can allow users to consume more traffic, so it is easy to get support from global operators..."

"Even if you don't approve of iPhone and Honor, you still have to see that the sales growth of Nokia, Blackberry, and HTC smartphones far exceeds that of traditional feature phones..."

Qu Li opened up his three-inch tongue and chatted with Wang Chuanfu about the future, hoping that BYD Electronics will do a good job and at the same time raise the treatment of Honor mobile phones to the same level as Nokia.

BYD is known as the world's largest polymer lithium battery company, but it has lost its position in the lithium battery market in the era of smartphones. In 2020, the global consumer mobile phone lithium battery market structure, Dongying's ATL ranks first in the world with about 37.96%, followed by LG And Samsung has a total of about 21%, and BYD has only about 9%.

As for the mobile phone OEM business, we know from the stock price trend of Hong Kong stocks that before Warwick was hit, Futukang had the advantage of crushing. Qu Li doesn't understand the foundry industry, but he knows that smartphones represent the future. If Honor can succeed, it can support BYD Electronics.

Li Yinan came to Pengcheng with a technical team, stayed at BYD with Qu Li, adjusted the process and supply chain enterprises, and tried their best to make products as good as possible, especially the metal frame. After the trial production of Honor G1, it has to go to the United States to apply for FCC certification, and the country also needs to pass the network access permit of the Ministry of Industry and Information Technology.

At this time, the domestic A-share Shanghai Composite Index exceeded 5,000 points, and when it came to around 5,500 points, Qu Li had to arrange to cash out all the stocks he held. He didn't want to wait until 6,000 points.

At the beginning, he invested 91 million. In just a few months, the worst stocks have doubled, and several stocks with heavy positions have doubled. Some stocks bought last year have even increased. Anyway, after the private banking department of China Merchants Bank, which he just joined, helped him sell all the stocks, he cashed out 240 million yuan, repaid all kinds of loans and commissions in advance, and finally left more than 200 million yuan.

The international crude oil price rose to 80 US dollars a barrel, and the options he had just bought entered the profit stage, and the situation was very good. But what should I do with the extra 200 million soft sister coins? I can’t go short in the country, so why buy a house? The risk is not great.

"Buy a house, what do you do when you buy a house, I'm so busy all day long, I don't have time to take care of the house." Chen Danlin flatly refused, career is obviously more important than the house.

"Tianming, if you have the time to buy a house, you might as well urge Lehman, we consumed too much money last month."

"Whoever asked you to use the plane to transport shoes, you have the nerve to say so."

"Isn't this a big profit, time is tight..."

Coconut shoes were purchased for US$99 per pair, and normally for US$149 per pair. After nearly 20,000 pairs of shoes were sold in the first round of group purchases, 30,000 pairs of shoes were sold in August. Paid a lot of urgent fees. Qu Li really doesn't understand Americans, is it necessary to let them earn ten times the profit?

You must know that the cost of the top matching of Xiangyun coconut shoes is only about 100 soft sister coins. Oh, I forgot to calculate the R\u0026D investment and marketing costs...

Shopee has a strategy of group buying and free shipping in the United States, so the unit price of the products will not be low. Xiangyun's shirt and T-shirt combination, Danlin's sports and life suits have been opened successively. Shopee may have surpassed $10 million in sales in August.

In addition, the pictures of domestic products on the shopee website are basically provided by Jumei. They only need to add text labels, which greatly reduces the workload.

In September, Facebook and American media frantically reported on this business miracle, and Shopee’s attention in North America spread from Facebook to the entire Internet. Brady has increased his product selection team, and many brands are willing to take the initiative to cooperate with them.

The pressure on Jumei is also great. It takes a month to transport products from China to the United States. Their group buying will not only sell clothing. Shopee needs Jumei to provide more choices to maintain its popularity.

"No way, no way!" Qu Li firmly refused this time. Shopee has just been established and its foundation is weak, so it is impossible to let them mess around.

"It mainly focuses on clothing, shoes, bags and cosmetics, and cooperates with big brands such as Adidas and Nike, and asks them or their distributors to give discounts..."

Group buying is one-time, and it is not often sold on e-commerce. It can be regarded as a kind of promotional activity, and it does not affect the sales channels of big brands, so it is possible to cooperate with big brands.

Brady did not insist. He may just try this time to see the company's bottom line and persistence. Professional managers must consider not only the company's interests, but also their own interests. With more than 10 million US dollars, shopee's sales may reach 80% of Jumei's.

Qu Li doesn't know what other people think. The potential of the domestic e-commerce market is obviously higher than that of the United States. It may develop very fast at the beginning, but what about after encountering Amazon?

"Instead of selling more categories, it is better to enter more markets. As long as shopee has the ability, the European Union, Japan and South Korea can..." Qu Li set the direction for shopee

"Okay, I got it." Brady admires Qu Li, the founder. The group buying model, the cooperation with Facebook, and the key to the rise of Shopee are all created by Qu Li. "I'm just an executor of a specific job!" After the phone call, Brady watched the praise of him from the online media and warned himself again.

But no matter what, Sun Moon Fenghua’s purchase volume has increased significantly, and it needs to pay 30% of the cost to the foundry in advance, and pay the rest after selling it. If there are quality problems, the money will be deducted from the payment.

This reduced the cost of Xiangyun and Danlin, but increased the pressure on the capital side, so we had to distribute part of the business to long-term cooperative intermediaries and let them bear the financial pressure and part of the risk, but the lack of money is the lack of money, Jumei invested The capital of Sun Moon Fenghua has exceeded 100 million.

"Our logistics company has been formally established. We plan to invest 200 million yuan this year. School recruitment has already begun. Jumei and Sunyue Fenghua are planning to recruit 200 people this time..." Wang Yunliang

"Have you considered the financial crisis? This year is fine, but next year's foreign trade exports may be greatly affected..." Qu Li thought of this

"That's just right, we have sales channels in the United States and have a price advantage."

Shopee’s express delivery is delivered by USPS in the United States, and it is usually delivered within three days. The charge for an express delivery is about 7 dollars, and it is difficult to reduce it to less than 7 dollars in the short term. Including the logistics costs from China to the United States, the logistics cost of each order is about Around $10. How about a free shipping for $59 in the United States?

"So, if there is a financial crisis, it is an opportunity for us to grow rapidly?"

"I don't have any money, so if you can save some, save more!"

Although he thinks it makes sense, Qu Li still has a hard time making up his mind. If he really wants to expand, the American branch will be strengthened again and again, and the consequences of not distinguishing between priorities will be serious.

"It's not enough yet. Although shopee has a lot of autonomy, we have a middle-end system and process management..." Xu Lei gave his thoughts

After setting up the middle platform system, key data such as product sales on the shopee website are under control. As for the process management, the purchase of toilet paper needs approval from the headquarters. Well, Jumei is a start-up company, so it is not so strict.

"When will Jumei be listed?" Qu Li asked Andrew on the phone

"I think we can wait a little longer, the development of shopee..."

"Made, wait for a piece of wool, business development does not need money!"

"However, it will take 6 months for Wall Street to see the potential of Shopee."

"I don't believe that Lehman didn't find out that the subprime mortgage crisis in the United States is spreading, and our stocks can still be sold at a high price next year?"

"We were already ready to promote and build momentum, but Shopee's success was too sudden. It might be better for Jumei to go public in a year or two..."

"What about Jumei's lack of money in the past two years? Jumei's model is so unique, do you have a good valuation model? Why don't you let them ignore our investment in heavy assets and focus on clothing e-commerce and brands? Operation..." Qu Li didn't want to get entangled with Lehman, if Lehman Brothers still held shares in Jumei before bankruptcy, then Jumei would neither be able to go public nor raise funds, and it was very likely that Lehman would kill it. Another "accident" recently discovered by Qu Li, who was belatedly aware of it.

"Jumei must at least provide financial statements for two full fiscal years?"

"Then count from October."

"You still need to start PreIPO..."

"I personally lent 200 million Ruanmei coins in cash to Jumei..."

"Since you are so persistent, well, Jumei will be listed in January next year at the latest."

That's good, Qu Li heaved a sigh of relief, his 200 million idle funds have been settled.