Reborn Entrepreneurial Giant

Google’s desire to do e-commerce business is not imaginary. They publicly stated in their 2009 financial report that Amazon is Google’s main competitor in the future, and then they started to get involved in the e-commerce industry and made a lot of attempts.

Facebook also wants to be an e-commerce company. The big Internet companies in the United States, like China, want to expand without borders. Unfortunately, very few of them can succeed. But as far as the parties are concerned, they must be full of confidence when they are doing a certain business. .

Shopee has emerged suddenly, with excellent team members and a sound organizational structure. The biggest shortcoming is the lack of money. Even if Jumei successfully issued 500 million US dollars of corporate bonds, investors both at home and abroad know that Jumei is short of money, and it lacks a lot of money.

This fact can be known by simple calculations. Doesn’t a courier network all over China need tens of billions of investment? Or build a website that can meet the shopping needs of 100 million consumers at the same time, doesn't it require tens of billions of investment?

Don’t forget that Shopee, supported by Facebook, had a large influx of users at the beginning. After several downtimes, it had to actively limit the speed of development and adopt a development method with high gross profit margins. So much so that Shopee has a magical phenomenon of high gross profit and low price.

This is not nonsense. Referring to Zappos, the largest shoe e-commerce company in the United States, which sells shoes at a minimum of 48 US dollars, the purchase price from domestic purchases may only need 48 soft sister coins, plus shipping and other costs, the gross profit can still be maintained at about 80%. .

Jumei has Riyue Fenghua responsible for the procurement of its own brands and shares part of the profits. It is normal for Shopee to maintain a profit margin of 30%, which is similar to that of Amazon, and the price is lower than Amazon.

This is the Shopee data that Google saw. Although it has to develop the two major European sites of the British Benelux, and has incurred a lot of debt due to continuous investment, it is an indisputable fact that the key indicators are very good.

"The only thing Jumei lacks is money, and they spend money at a very high level..." Google CFO reported to Schmidt and the Google duo.

"Will there be financial fraud?" Sergey Brin worries

"This possibility is not ruled out, but they don't have much time to prepare. It is very difficult to make such a complete fake financial report, and it is unlikely." Google CFO

"How could they do this?" Sergey still couldn't believe it.

"Actually, the key is that Shopee's advertising costs are very low, FB's development speed is extraordinary, and their relationship with Twitter is very good..." Google CFO

"It was Qu Li who invested in Facebook twice at the critical moment, on the condition that xyun and Shopee be provided with long-term and stable advertisements at the same price as in 2008..." Schmidt explained that he learned a lot of inside information from Brady: "So Jumei gave Quli 5 million shares as an equity incentive..."

Qu Li’s equity incentive is implemented in three years, which is consistent with FB’s advertising cooperation agreement. For this reason, he specially submitted supplementary materials to the SEC. But at that time, Jumei was just a “spicy chicken company” and not many people paid attention to it.

"If Google acquires Shopee, will their advertising cooperation agreement with Facebook still be valid?"

"Of course, the subject of the contract is Shopee and not Jumei..."

"Google's traffic is large enough, even if there is no FB, the problem is not big."

"Where's the Shopee team?"

"The main operation team is recruited locally in the United States, and less than one-third of them are transferred from Jumei. Brady is the direct person in charge of Shopee and has a lot of power."

"He himself said that most of Shopee's affairs are decided by him."

"What price do we have to pay to acquire Shopee?"

"Why not become the major shareholder of Jumei like Yahoo?"

"Then why did Google withdraw from the middle-aged female market?"

"If you don't give them Google brand authorization, why does Jumei..."

There are endless quarrels within Google, and several people in Jumei also have great opinions on this. According to Google’s meaning, Jumei’s acquisition of Google’s search business needs to change the domain name. It is independent and its business scope only covers China mainland. After such a toss, even if it will get Google's search technology and patent authorization, how many users will it lose?

"Do you want to sell it..."

Jumei has always been on the verge of operating at its limit, and its financial situation is tight, so Lu Qi started to increase income and reduce expenditure when he took office. If Qu Li hadn't asked Envision to invest in cooperation, and Jumei Logistics had ProLogis' assistance, Jumei's development speed would never have been so fast.

Selling Shopee can concentrate on developing the domestic e-commerce business and increase the probability of defeating Tmall. At this time, Tmall is open to individual sellers and has an absolute advantage in the number of sellers.

Juhuasuan focuses on low prices, and competes with Tmall by using lower share and lower advertising costs, but it can't resist the fact that there are too many individual sellers on Tmall, and the low-price competition is unrestrained. Although it has affected Tmall to take the high-end route, market competition is not that simple. As long as Jumei cannot sustain it, the market will always be taken back by Tmall in the end.

However, Shopee represents the foreign market. If we give up the good situation established by Shopee, we may not have such a good opportunity in the future. It can even be said that we will basically lose the opportunity to enter the overseas market.

"No, I still have Instagram and Wechat, how about taking a gamble?" Qu Li hugged Liu Yifei, thinking a lot

Hesitating between selling and not selling, it was difficult to make a decision for a while, Qu Li went to a Hollywood studio to find Liu Yifei, who was filming the film, unexpectedly, the girl threw herself on him and gave him a big hug, and then stayed overnight.

Recalling the shock of Ning Ri Tianhao and other acquaintances, Qu Li looked smug, the goddess in front of the person, the goddess in the queen, enjoying the gentleness and tactfulness, this kind of life is very beautiful.

Qu Li doesn't care about movies, but cares about filmmakers. Although there is no poor person, whoever makes him the richest, it is inevitable to treat guests to dinner. Liu Yifei took the initiative to sit beside him.

The few people ate and chatted together, and naturally talked about major events in the domestic entertainment industry: Huayi Brothers was listed on the GEM, and many entertainment stars may become rich overnight.

Except for Liu Yifei, none of these people belonged to Huayi, so it was normal to be jealous. However, because of Qu Li's participation, Xiao Ma introduced Penguin, and the listing site aimed at the A-share GEM. It won't work this year, but it will definitely work in the next two years.

With the help of Qu Li, Huayi became the shareholder of Liu Yifei's domestic studio, accounting for about 15% of the shares. It seems that there is a repurchase agreement. Liu Yifei also got about two million shares of Huayi and became one of the many star shareholders. Maybe A rich woman who can become a billionaire.

And her joining a major Hollywood A-level production and becoming the heroine was promoted by Huayi, as if to say: they are the largest private film and television company in China, and they have the ability to operate actresses to be the heroines in Hollywood blockbusters.

Xiao Ma is "helping" to refute the rumors, but it is a pity that Qu Li will definitely not claim the credit. He has a good relationship with the two Huayi brothers. Although they are a little estranged because of the relationship with the seniors in a certain industry, they have experienced the failure of a certain wave and a certain management buyout. These two things, he is qualified to form a series of his own, and the seniors in a certain industry are naturally not a hindrance.