Reborn Entrepreneurial Giant

The establishment of Tongda Network is very simple, but it is more difficult for other vertical e-commerce companies to enter Juhuasuan. At this time, Taobao is the leader. Although Juhuasuan has surpassed Tianmao, under the influence of Taobao, it seems that there is not much suspense for Tianmao to surpass Jumei. .

Dadongzi is dissatisfied with this. Goudong Electric has developed rapidly. In history, it sold 10.2 billion in 2010 and nearly 30 billion in 2011. Although it is said that the Jumei version of the "cainiao" Tongda network will be established, the 3C electrical appliances of Goudong Mall are the key services of Jumei Service and the priority guarantee category, so it is impossible for Jumei Goudong Electrical Appliances to be less than 30 billion. Tianmao’s transaction volume in 2011 was about 100 billion. Now it is surrounded by Jumei and Juhuasuan, accounting for most of the market share. How much will it have in the end?

Xu Lei, who has not been supported by Juhuasuan, is also worried. Quli’s operation is too good, and there are many voices of opposition from Jumei’s e-commerce retail department. Is Jumei’s logistics no longer Jumei’s competitive advantage? The answer is of course no.

Jumei Logistics was about to open up, but this time it has only been opened up more thoroughly, but its competitive advantages in 3C digital and FMCG will not disappear but will be strengthened. The introduction of social express delivery by Juhuasuan can make Tianmao's price advantage disappear, and the establishment of Tongda Network has indirectly improved the service level. If you want a price, you have a price, and if you want a service, you have a service. Juhuasuan has obvious advantages. From this perspective, the establishment of Tongda Network is beneficial to Juhuasuan, Shopee and Shopify.

When Qu Lifei went to Sanya to participate in the Boao Forum, the news of Jumei’s establishment of Tongda Network came out, and it aroused many discussions. Who led this “suicide” project, Lu Qi? This CEO is a bit of a misnomer.

Qu Li was interviewed by the media in Sanya. He originally wanted to take the initiative to take responsibility, but Glory is about to go public. During Lei Jun's road show, it is better for him not to take the lead.

There are big leaders attending this forum, so it is natural for idlers to not see them. Young geniuses like Qu Li are quite "spoiled". On matters that have nothing to do with principles, they often enjoy a lot of attention. Someone chatted with him.

"Why are you rushing to go public?"

"Honor's success is accidental. Most of my ideas must be realized by relying on American talents, from chip design to operating system, including patents. We plan to launch the acquisition of Motorola after listing..."

"The direct sales store plan is fake?"

Qu Li didn't expect the leader to care about such a small matter: "Of course not, Glory's store channels will eventually spread all over the world, which is convenient for the sales of our electric cars..."

"Sell cars where mobile phones are sold?" The big leader caught the point

This is a very normal thing. Later, electric vehicles are sold in large supermarkets, which is rare and strange.

"We lack overseas sales channels, but this is not the point. We must first make pure electric vehicles the crystallization of the global high-tech industry, so autonomous driving is essential..."

"You can do it?"

"It can't be done now. Our plan is to start with advanced assisted driving..." Qu Li is also stupid. He speaks too directly, so he can't say something nice. For example, China's artificial intelligence is an era ahead of the United States.

"You don't feel bad about donating so much money?" Big leaders also gossip

"I don't feel distressed. This may be related to the delayed gratification I have been insisting on. I have a more ambitious goal. In addition, until now, I have never really experienced the life of a rich man. Let yourself regret the wealth..."

"Your goal is the sea of ​​stars?"

"Of course..." Qu Li didn't feel embarrassed at all.

"Then why don't you apply?"

"Lack of money, rocket launch is not a high priority. What I have to do now is to build an "intelligent logistics backbone network" to improve the domestic e-commerce infrastructure; next is electric vehicles, and finally rocket launches..."

"Ambition is not small!"

"..." Qu Li was startled

"But it's not normal for a young man to have no ambition, you're fine..."

It's okay, it's okay, Qu Li heaved a sigh of relief. There is nothing to break the news, just chatting, such as the whole country is a low-end brand, how did Xiangyun and Honor become high-end brands.

How do I know, Qu Li really wants to say this: "The so-called high-end is only relative. Our positioning in Europe, America, Japan and South Korea can only be said to be very cost-effective. The high-end of coconut shoes is very important. At the beginning, Adidas Nike wanted to imitate , and it is dumping at a low price to hit Xiangyun’s brand, but we have applied globally..."

Every IP brand owner is a lawsuit maniac. Adidas Nike spends about 1 billion on patent protection every year. Qu Li’s attitude at the beginning was to focus on the big and let go of the small, resolutely hit the export of coconut shoes, and successfully maintained the brand in Europe and the United States. Positioning, then basic models, sports fashion and sports leisure...

Fila, acquired by Anta, succeeded in taking the sports fashion route!

What Qu Li said is simple, but it is admirable for a start-up company to be ruthless and actively respond to patent lawsuits, because it is difficult for these investments to be included in the income. After escaping from the tiger's mouth, Qu Li restrained himself, chatted with the boss of the private enterprise, and gained countless praises.

Tongda network, the establishment of the Jumei logistics backbone network is the key point, Qu Li is really ambitious!

Returning to Yangcheng from Sanya, I once again saw various venture capitalists. Those capitals who had no chance to participate in the feast of Glory IPO showed great interest in Time Company. WeChat has more than 50 million users worldwide, and the voice function has a strong ability to attract fans. Time has an advantage in the competition with Tencent.

Then there is the pricing. The valuation of WhatsApp is less than 100 million US dollars, and even if the valuation of Shiguang is doubled or tripled, it is only about 300 million US dollars. It seems a bit inappropriate for Jumei to make such a fuss.

Qu Li and Lu Qi discussed the valuation of time and the meaning of existence. Both WeChat and Instagram are Jumei’s explorations in the direction of mobile social networks. With the three social sectors, it seems that it is just around the corner to become the largest Internet giant in China.

"How much they vote, how much I vote..." Qu Li is a ruthless person

"You have so much money?"

"Don't worry, I have a lot of money now!" Qu Li said arrogantly, he has spun off 10 billion US dollars of assets from Vision Investment, and Glory is about to go public, and his Fanxing Fund is going to cash out part of it.

"Then it will be based on the one billion US dollars after the investment, and you will pay 100 million US dollars." Lu Qi is very decisive.

"No problem." Qu Li is full of confidence, but the investors are not fools, and they firmly refuse to agree to such outrageous conditions. Although Qu Li has shown his confidence as the founder, they cannot lose their basic judgment.

It wasn't until Lei Jun started his overseas roadshow with glory that Qu Li and the others reached an agreement. Based on the post-investment valuation of US$800 million, Qu Li and the investment bank each invested US$6,000 for 15% of the shares.

Glory’s IPO has basically been finalized. The total share capital has been multiplied from 160 million shares by 3 to 480 million shares, and then 40 million new shares plus about 20 million old shares will be issued. The total share capital is 520 million.

Thank you for your reward in BJ!