Reborn Entrepreneurial Giant

"Are you going to do group buying?" Qu Li never expected that Wang Xingming is doing a good job on Weibo, why would he want to do group buying for life.

Well, in fact, it is understandable that Groupon in the United States was established at the end of 2008. With the support of VCs such as Envision, it has achieved tremendous development in 2009. Today, after receiving funds from VCs such as DST in May, its valuation reached 1.35 billion US dollars. Called the fastest growing company in history by Forbes.

Starting from Shopee, group buying has attracted huge attention on the Internet at home and abroad. Jumei has Juhuasuan in China, which has transformed from a group buying model into a platform. Taobao also has its own group buying business. The traffic of FB and the high threshold of e-commerce restrict many entrepreneurs.

The daily group buying represented by Groupon is different, with low cost and high gross profit, which has been called a "perfect business model".

"Groupon has almost no problem surpassing Shopee..." There are not a few Wall Street media who are optimistic about group buying in life. The special cooperation between Shopee and FB will expire at the end of this year, and it is likely to open its own group buying business, even if Shopee has Google's traffic support , but it is likely to become a supplier of Google shopping search in the cooperation, and thus lose the initiative.

The Groupon model is perfect. The very low barriers to entry have attracted a large influx of investors, especially the Chinese economy has improved. Last year, banks asked for corporate and personal loans with extremely low interest rates, which created a lot of rich people. Affected by the wealth creation effect of the Internet industry, local tyrants in the industry feel that what Qu Li, a junior high school student, can do, and their group of local tyrants have no problem...

Not only that, some people invest directly, and others invest indirectly. At this time, a large number of RMB funds have emerged in China, and they are all targeting the Internet and group buying. As a result, several well-known group buying companies have entered the domestic capital.

It is no surprise that Wang Xing wants to do group buying, but Qu Li is also very surprised. Weibo is facing the siege of several major portals. Goose Factory has integrated Weibo function in the new version of QO. Whiteness...

Including Zhang Yang of Sohu, they all want to quit Weibo and develop their own Weibo products, so Wang Xing has many competitors, and the pressure on him at this time will not be small.

"Then let's do it?" Qu Li didn't finish listening to Wang Xing's explanation.

"Ah~~"

"If you want to do it, do it. Your learning ability is terrible. I believe that even if you can't do group buying, you can make breakthroughs in other directions..." Qu Li said sincerely. Well, it may be the most classic business case in the past ten years. Wang Xing and his team are really, really strong.

Seeing this, Wang Xing stopped talking, and chatted with Qu Li about some metaphysical philosophical thinking. He likes to post on Weibo (fanfou), loves to express, and has a lot of ideas. Lai is a very thoughtful and good at learning.

The concept of asymmetric risk is Qu Li’s signature. He has expounded on this concept on Weibo and Twitter many times. When he extended it to the subprime mortgage crisis, he took a director of a commercial bank: “I only issue long-term loans. When it's due, I'll leave long ago." By the way, I made an opinion on Weibo: the lifetime responsibility system for engineering quality.

In the past, there were a lot of bean curd dregs projects, not due to problems with domestic materials and technologies, but simply because people’s hearts were broken. In 2014, relevant domestic departments began to try out the lifelong responsibility system for project quality, and later required construction, survey, design, construction, and supervision to be comprehensive. Implement the lifelong responsibility system, and assume corresponding responsibilities for the quality of the project within the service life of the project design.

Qu Li's elaboration on asymmetric risk has gradually made this concept a part of corporate management, allowing companies, executives, and employees to share benefits and risks, and try to establish a partnership system in Jumei.

Gradually, people from the outside began to pay attention to Qu Li's thinking and understand his experience in running a business. Wang Xing is one of them. After all, no one can succeed casually.

When Wang Xing established Meituan, Qu Li was not envious when he thought of the giant company in the future. He preferred the Goudong model, but it was a pity that Dadongzi seemed to go in the wrong direction later.

Under the power of Xu Lei, Goudong determined the supply chain as the basis and built its own brand. The low-price route Huixun and the high-quality route Beijing Zao have made great progress. Continue to develop along this road, allowing independent brands to occupy than more than 10%. Based on the calculation of platform sales of one trillion yuan, self-owned brand sales of 100 billion yuan and a profit margin of 20%, then Goudong will have a net income of about 20 billion yuan. On this basis, Goudong will not be afraid of any challenges within ten years.

But Dadongzi returned, emphasizing the low-price route, and fought a price war between Goudongzhuzhan and Pinxixi, which lowered the price. In addition, it was said that Gou Dong was only one and a half telling the truth, which seriously damaged the authority of Xu Lei and other management. Could it be that he wanted to beat the old master to death?

If coupled with the declining after-sales service level, the future of Goudong is hard to say. The founder’s structure determines the height of the company. Ma Yun can make the B2B model Ahli into the world’s largest e-commerce platform, with a transaction volume exceeding Wal-Mart, Dadongzi is still young.

Cough cough, thinking of this, Qu Li is still quite ashamed, he has achieved his status today by hanging up, and now he can stand up and talk without back pain.

Wang Xing has been evolving, but Chen Binghao of Kaixin.com doesn't seem to have it. Of course, this is Qu Li's feeling. The number of domestic users of Kaixin.com is close to 100 million this year, and Kaixin Farm is popular throughout China. Even many venture capitalists are staying up late to steal food. It can be said that it is one of the most popular Internet companies in China. Moreover, there are overseas business income that can feed back domestic companies, and have established a good cooperative relationship with FB.

However, Goose Factory established Friends.com, reproduced QO Farm, and went all out to compete with Kaixin.com for users. Even QO’s pop-up ads were much less. It seems that QO Doctor’s name has not been changed to Butler.

It's not that Goose Factory is being merciful, it's that Kaixin.com has put too much pressure on them. Although their performance and income have continued to rise, Goose Factory's stock price has not risen much, and has fallen slightly.

I heard that FB intends to acquire Kaixin.com to enter the domestic market, but was rejected by Chen Binghao. Web games can make money, and social networks are developing rapidly. They can obviously become the Facebook of Chinese women. Why should they become the next "Yahoo Chinese women"? It seems that the broken company was abandoned by Ari and gave up the operation?

Why does Qu Li feel that Kaixin.com is not good, because Chen Binghao puts his "treasure" on the PC Internet, and doesn't pay attention to the traffic growth of the mobile terminal at all, and the biggest source of income is the web game on the FB platform.

There is no doubt that the mobile terminal is the future. Kaixin.com crushed Renren in the social networking site, but underestimated Goose Factory. This is not a company that only reproduces at the pixel level. Nor will it become the world's largest game company.

It is also a farm game, QO Farm iterates 23 times a week, and adds 4,000 servers in half a year. The whole process of a new idea from finalizing design to test release often takes no more than 12 hours. And what about Kaixin.com? Reduce update frequency, monetize from farm game...