Reborn Entrepreneurial Giant

The news of Qu Li's investment in the Warriors has had a greater impact in China than he imagined. He is already a very controversial person on the Internet and has a great topicality. According to the public information, Qu Li's shareholding ratio has reached 60%, where did the money come from? Will it affect Jumei and Glory?

Back in Yangcheng, Qu Li received a lot of calls and feedback from the company's marketing department. Well, Jumei hadn't established a dedicated public relations department at this time.

"It's not me who pays for it alone. Vision Investment needs to establish an extensive social network in the United States. Going to the NBA to watch games is a good way. If this project can be done well, some stocks may be sold to other partners in the future... Qu Li explained the reason for this investment within Jumei. Although he did not mortgage the shares of Jumei Glory, everyone here is his long-term partner, and it is necessary to maintain mutual trust.

"Xiangyun's entry into the sports market needs the support of NBA stars..." Someone laughed and didn't get entangled in this matter

Qu Li still "clarified" this matter on Weibo: "The Golden State Warriors have a huge market in Silicon Valley but they haven't done it. I'm curious. This time, Envision Investment paid for me to go and see the excitement. There will be some cooperation in the future, and I may consider running a sports club after I retire, but not in the short term.”

"I have two short-term goals: Jumei to become the largest retail group in the country, and Honor to become the top three smartphone companies in the world; the long-term goal is to become the largest retail group and the most dynamic Internet technology company in the world, and Honor to become the world's largest retail group. To become the world's best consumer electronics technology company."

"There are two more ideals. Let pure electric vehicles replace fuel vehicles and push humans into the space age. If someone thinks that these two ideals are easy to achieve, I didn't say it. If you think these two things are difficult, you should understand , what I think most now is how to make money rather than how to spend it..."

"Then how do I make money? First, I need to achieve my two small goals. Starting today, Jumei's internal sales will exceed 100 billion in three years, and it will become the number one in the country in five years; the annual sales of Honor mobile phones will exceed 100 million units in three years." ..."

Qu Li's nonsense on Weibo naturally attracted a lot of onlookers, and soon became the headlines of the portal website. The official Weibo accounts of Jumei and Glory claimed Qu Li's tasks one by one.

Many people had nothing to do, and began to discuss the rationality of Qu Li's goal and whether it was possible to achieve it.

"Jumei's goal is too conservative. It sells 3 billion yuan on 6*18. Even if it sells 300 million yuan a day, the annual sales will exceed 100 billion yuan."

"You are talking about the Jumei platform, including third-party seller data. Qu Li may be talking about self-operated data. Logically speaking, third-party data should be included."

"Jumei self-operated 20 billion last year, so it won't exceed 40 billion this year?"

"You are too underestimating the potential of Jumei. It is said that the sales of Goudong Electric will exceed 10 billion this year..."

"Even if Jumei is not a big problem, what about the Honor phone? I don't believe it..."

"Honor mobile phones sold more than 20 million units last year, most of them in foreign markets."

"iPhone 4 beats Honor G3 this year."

"But Honor has two series, Magic and Mate."

"I didn't see experts saying that it was a failure for them to produce two series of mobile phones within one year."

"You can also believe what the experts say. Who swore that Qu Li was bragging and was 100% sure that a junior high school student couldn't make a smartphone?"

"Apple is suing Honor for patent infringement. All sliding unlock methods infringe Apple's patents. If Honor is banned..."

"I also believe that Glory's Jiugongge pattern encryption method has applied for a patent."

"Why don't you believe it, Apple has been making operating systems for many years, and the patents have accumulated..."

"Honor has acquired some patents from Nortel Networks and obtained all authorizations..."

"Isn't Honor countersuing Apple?"

There are different opinions on the Internet. Many people discuss the patent war between Honor and Apple on Weibo, post bars, and forums. They all think that Apple has a higher probability of winning, even though they all know that Apple basically has no mobile phone communication patents.

Bad netizens have no confidence, they can only say that domestic companies suffer too much from patent issues. But because of this, the industry is full of confidence in Glory.

Although Nortel Networks had gone bankrupt at this time and wanted to sell patents in order to repay debts, it has already refuted the rumors that the patent authorization obtained by Honor is only related to mobile communications, and it has not obtained enterprise business patents such as base stations and optical fibers. The number of patents they sell is not much. But these rumors strengthened the confidence of outside professional investors in Honor: Anything you can think of, the Honor team has thought of and prepared in advance.

Glory did not disclose their deal with Nokia at this time. How could their shareholders be willing to not fight Apple? This is a huge market worth hundreds of billions of dollars. If Apple takes 1% more, it can generate more than 1 billion US dollars in revenue. If it takes all of Honor's market share, it may increase its revenue by tens of billions of dollars.

Public opinion has shifted from the "rumor" that Qu Li acquired the Golden State Warriors, but there are new rumors that Jumei will surpass Taobao within 5 years and Amazon within 10 years.

This is definitely a rumor. Qu Li doesn't even have the confidence to surpass Tianmao. Taobao's traffic is too large. As long as they divert the traffic regardless of cost, it is almost a matter of course for Tianmao to develop. As for Amazon, its revenue in 2022 will reach 514 billion US dollars and 3.3 trillion soft sister coins, while Goudong has just exceeded 1 trillion at that time.

Jumei is developing very well now. Even if the revenue is double that of Goudong by then, it will only be 2 trillion yuan, surpassing Amazon. The difficulty is not usually high. Others' cloud computing AWS has an annual revenue of more than 45 billion U.S. dollars. How can it be compared.

Fortunately, with Weibo, everyone can see Qu Li's speech. Those rumormongers dare not use too much force, and Qu Li really dares to sue the rumormongers.

Voices on the Internet can be controlled, but A-share investors are not so easy to talk about. Xiangyun stock has an inexplicable daily limit, which is strange to you.

Resolving rumors from the outside world is just the simplest thing in Qu Li's work. Jumei has adjusted its organizational structure around the three elements of e-commerce retail and strengthened the position of supply chain management in the company.

Behind the simple sentence, a large number of personnel adjustments are involved, including the construction of information infrastructure and process management.

Jumei not only has KPI and OKR, but also has many advanced concepts. The complexity of management exceeds the expectations of consulting companies. Many things are not mastered by many people in consulting companies, so more experienced people must be involved.

Everyone understands the subtext. Isn't it just adding money? Problems that can be solved with money are not problems. Qu Li resolutely found another world-renowned consulting company...