Reborn Entrepreneurial Giant

Chapter 144 Before IPO

Kingsoft went public in October, and its stock price has fallen by about HK$3, with a market value of about HK$3 billion. Rebs holds 158 million shares and is worth about HK$500 million. It's incomparable with Qu Li, a nouveau riche, who is used to big scenes and doesn't care about small money.

After Rebus left, he hesitated even more. He had wanted to leave Jinshan for a long time, but now after hearing what Qu Li said, he felt that Jinshan had great potential. WPS is not as good as office, but it can focus on subdivided fields and enter the US market.

This young man is really powerful, unlike the old people like them, who are afraid of developed countries in Europe and the United States, and their internationalization development has been delayed again and again.

Of course, Qu Li is brave and fearless. He has been reborn after more than ten years, and he has no yearning for the developed countries in Europe and America deep in his heart. They are only mediocre, and will be replaced by us, so what is there to envy now.

The Shanghai Composite Index fell from 6124 points, and fell below 5000 points in more than ten days. Unfortunately, Zhongshiyou still deceived many people, and the highest price rose to 42 yuan. This is a blessing in misfortune. But there are many rumors on the Internet, saying that Qu Li is shorting the A shares...

Fortunately, it was 2007. After more than ten years, shorting A-shares will be called treason. It is probably because leeks have been cut many times, and they have awakened the trick of hating capital. Whether it is true or not, first scold Besides, some of the short sellers really have different intentions.

Qu Li ignored the rumors. Without Weibo as a news amplifier, such baseless rumors would disappear soon. Jumei is about to go public, all kinds of promotional activities have been cancelled, and sales have begun to decline. Qu Li took this opportunity to participate in training new employees.

After Honor’s National Day, school recruitment was launched in China, Honor G1 was released, and Google announced the establishment of the Open Mobile Alliance. In order to improve real-time combat effectiveness, it began to recruit mobile phone hardware talents from major mobile phone manufacturers such as HTC, Nokia, and Motorola, as well as software developers.

Leaving aside the glory, Jumei’s school recruitment was not as famous as it is now. It is not as attractive as Baidu, Penguin, and Ahri. Especially Qu Li is too exaggerated, which makes some people feel disgusted. The effect of school recruitment is not ideal , Most of the people who can fight are social recruits and headhunters.

Of course, Qu Li has to train newcomers, mainly talking about values, and improving what he and Rebs said: Jumei focuses on the three core efforts of e-commerce.

Product: including quality and brand

Price: high-tech, large-scale, high-efficiency and low-margin operations

Services: Website shopping experience, payment convenience, express delivery timeliness, after-sales protection

The above are the requirements for the development of the company. As for the company's corporate culture and values, you have to learn from Ali. In terms of bragging skills, Musk is better than Ma Yun.

"Stick to the Bottom Line of Integrity"

"I can't, but I can learn"

"A person can go fast, a group of people can go far"

"What matters is who you are with and what you do with it"

"The more confident you are in the future, the more patient you are in the present"

"Insist on doing the right thing, not the easy thing"

These few words have many meanings inside and out: First of all, sticking to the bottom line of integrity is the principle of being a human being, and you must also do things without corruption. Qu Li is a junior high school student. He has made achievements through "continuous learning". Therefore, Jumei should be a learning organization. Only by continuous learning and progress can it be possible to break the "entropy increase".

Then there is team building. While adhering to teamwork, it is necessary to eliminate the black sheep or those with incompatible personalities. Simply put, it is to prepare for dismissal.

The last is to adhere to long-termism and be patient for a long time.

The decline in Jumei’s orders in November is not without benefits. They have been recruiting people, but they have neglected training. Taking advantage of Quli’s time, they have trained all employees on corporate culture and values, and then let the old employees know how Jumei is now. Give feedback on important and urgent issues, and train newcomers during this period.

This training is not only for training, because the company was listed too early, and many employees have no shares. In order to appease them, the corporate value training is a means of drawing cakes, and it also needs to be able to eat the benefits.

It is the turn of the employee sequence and job level to play a role. M is a management post (including the logistics department), and T is a product and technical post. Employee salary payment adopts a cash plus share model. The more high shares, the higher the M series level, the less cash and more shares. The T-series technology masters default to cash shares one to one, but they can choose more cash or shares by themselves.

Doing so is good for the company's development, but the proportion of shares of major shareholders such as Qu Li will be continuously diluted, so the shares allocated to employees every year are linked to the market value of the company's stock price and maintained within a certain ratio.

The specific details will be announced to all employees, but they will not be told the key points. Whether they can understand it is their own business. Anyway, Jumei's salary and treatment for employees are all at the domestic first-line level.

The employee salary system construction plan has been decided long ago, but it is just explained by the way to train the employees. The effect is still very significant. With the implementation of the OKR+KPI assessment method, the company's operating efficiency has been further improved.

Black Friday ended in November, limited by the chip production capacity of Texas Instruments, BYD OEM only delivered 30,000 mobile phones, which were distributed to T-Mobile stores, and sold out in less than a day.

Honor G1 US pre-orders exceed 300,000. Germany's T-Mobile officially opened Honor G1 pre-orders to consumers, and soon exceeded 300,000 units. China Mobile sent a purchase order for 100,000 units of the 2G version of Honor G1, and Qu Li took time to participate in the signing ceremony. Then continue to urge Texas Instruments to step up chip supply, and some people in the United States are already saying that they are engaged in hunger marketing.

The Honor G1 seems to be selling better than the Apple iPhone. The design of the metal frame is well received. Who is the designer? Qian Cheng is a mobile phone hardware designer, and the industrial designer is definitely not the six virtues of Xiaomi. Coarse food mobile phones initially claimed that no design is the best design. Isn’t this nonsense. In order to save costs, mid-to-low-end cost-effective mobile phones are the best choice without design. The flagship phone has no design. Isn’t this fooling people?

So, the industrial designer of the Honor G1 is Jiang Rong, a very thoughtful young man who graduated from a well-known art school not long ago. The business-style design of the Honor G1 is thick and stable, and it attracts mature men. Although the iPhone is good, it has made too much progress and its own products are still immature, so it may be surpassed by Honor G1 in sales.

In fact, seeing the release of Honor G1 and Google Android, Qiaobosi did not take it seriously. He firmly believed that the future of the touch mode of the iPhone abandoning the physical keyboard is the future. It's a very mature solution, they only need minor changes, but the touch screen mobile phone with virtual buttons needs more time and energy to polish, and it also needs the cooperation of Google Android, everything is out of control, how dare Qu Li bet?

Honor, which is recruiting troops, has launched pre-research on touch-screen mobile phones, established an official website and product community in the United States, and established the first after-sales repair service center in Austin, Texas, where the cost of living is lower.

The time also quietly came to December, Qu Li, Lin Bing, Xu Lei and others came to Silicon Valley to assist Brady to improve Shopee's middle-end management system, maintain a consistent corporate culture and a differentiated salary system.

In less than half a month, including Brady, the Jumei team returned to Zhongying, starting from Xiangjiang to New York, and launched a 15-day listing roadshow. The IPO time of Jumei was set on January 10, 2008.

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