Reborn Entrepreneurial Giant

At the end of 2011, Qu Li's New Year's Eve speech became a hot search, creating a lot of online vocabulary. Some people pay attention to the love story of Qu Li and Chen Danlin, some people like their "Chapter", Internet entrepreneurs and financial media are researching, Discuss "first principles" and "empowerment", Context, not Control.

After several years of hard work, Qu Li seems to have reversed his public image. He used to think he was a braggart, but now more people see his "sincerity". No matter how Qu Li donates money, Glory and Jumei are always under his control. When he is alive, he can basically spend as much as he wants. If he dies, he may still have tens of billions of inheritance.

Outside noises including Chen Danlin cannot affect Qu Li's decision. He is discussing Fanxing Fund and social enterprises with his friends. He really wants Jumei to become a social enterprise. He already has a roadmap and builds on Jumei's advantages at home and abroad .

Survival is definitely the first priority. To live well, it is necessary to do charity. As long as Jumei is well controlled, it is possible to achieve stable profits, but this year it must not be controlled well. Jumei Logistics has invested too much. Bought a lot of land to build a warehouse.

Therefore, while Jumei’s revenue hit a new high, its loss hit a new high. Fortunately, the stock price has not fallen, and its market value is relatively stable. It is about to exceed 25 billion U.S. dollars.

Qu Li also made some gossips in his speech, including his views on Chinese concept stocks, group buying, mobile Internet and cloud computing. His views are relatively consistent, and he is optimistic about mobile Internet entrepreneurship.

"The group buying model seems too perfect. It is an intermediary business for information matching. Obviously, it is more suitable for a platform like Ali, but not for an honest person like Jumei who has a heavy burden of life and earns hard money in supply chain management."

When communicating with Ma Yun, he said:

"Some people may say that Juhuasuan is actually a platform, but looking at the essence through the phenomenon, the essence of the platform is to serve the sellers well and attract buyers; we position the company as a technology and service enterprise engaged in supply chain management. We Both self-operated and private brands rely on the improvement of supply chain management capabilities."

"We will have a deep understanding of every link in the industrial chain in the future, and try to control some areas with excess production capacity. For example, koala food will sell more secure food."

"Ari Taobao wants consumers to spend more time on their website, and Juhuasuan wants to improve consumers' shopping efficiency, which will improve your shopping experience..."

Anyway, it’s all kinds of bragging, labeling Jumeijuhuasuan and Taobao.

Ma Yun refuted him at the beginning, every seller of Tmall is a legally established enterprise, and the products sold are guaranteed to be safe...

"Can I say I don't believe it?" Qu Li

"Then how can we trust Jumei?" Ma Yun

The two had a small confrontation, and Qu Li offered "Blockchain".

"This is a decentralized distributed ledger technology that records all transactions that occur on the network and saves these transactions on multiple computer nodes. Each transaction block is encrypted..."

Ma Yun doesn't understand technology, and was successfully fooled by Qu Li. The blockchain technology with traceability of the whole process has also become a hot spot. However, because there are too many hot topics in this speech, it distracts attention. Many people only pay attention to Qu Li's donation. Lose all shares in "Jumei" and "Glory". It was passed on and on, and it became Qu Li who donated all his wealth.

Even the United States was affected. Many investors called the two companies to get more detailed explanations and avoid investment risks.

"Fanxing Fund is a shareholding platform under my personal name, which does not involve transfer of ownership. I promise that all funds under the fund's name will be used for public welfare and charity purposes. Because I am worried about the future life of myself and my family, in extreme cases, I and my Future generations have the right to withdraw up to 5% of the donated funds..." Qu Li explained on Twitter, promising that there will be no cash-out plan for the shares under the name of Fanxing Fund within 18 months, and the shares with super voting rights will not be changed temporarily. any changes.

Qu Li accepted an interview with a well-known reporter from a TV station in the United States, and made a "frank and in-depth" exchange about this behavior. For example, he has formed a "management philosophy" and "management thinking" in the past few years. Successfully spreading similar ideas, does Qu Li plagiarize other people's ideas in advance?

Every successful company has "internal driving force". American reporters interviewed Jumei Company and felt their unique management culture and corporate values.

"Our investment in overseas markets is not to compete with Amazon, but to create more value for consumers. The purpose of Tongda Network is..."

Tobias Luke, the founder of Shopify in Canada, stayed on and came to China to attend Qu Li's New Year's Eve speech, and Qu Li had a friendly exchange with him. Jumei's acquisition of Shopify is legal and compliant, which satisfied both the venture capital and the founder team. Under the guidance of the "empowerment" idea, in addition to compliance construction, it also provides various resources and assistance.

Tobias Luke's report in Yangcheng is also to let overseas employees better understand Jumei's management culture, including the establishment of the "Zhongtai" organization: the external environment is constantly changing, and the market competition is extremely fierce. We must accept challenges and constantly innovation. Zhongtai is a service department that coordinates various resources within the enterprise, which can reduce repeated wheel creation.

The young Tobias Luke was also interviewed by the media and introduced the difference between the Shopify model and Shopee: "Amazon is an empire, and Shopify is a seller who dares to resist..."

Shopify is not only a website building tool, but also an app store, allowing more people to help sellers build e-commerce websites, and now there is Stripe, a payment tool invested by Jumei. The POS system based on Honor is being developed to provide offline and online inventory synchronization for offline physical store sellers, and tools that can open stores on Shopee and Shopify at the same time.

What is this called, the countryside surrounds the city? If possible, Tongda Network will spread their nodes to every corner of North America along this channel.

Some can be said, and some can only be done quietly. Jumei will announce the financial report of the last fiscal year and this natural fiscal year at the same time in January this year. The GMV in 2011 is about more than Amazon’s GMV of 47.2 billion US dollars in 2010.

It is impossible for Bezos not to be nervous about the expansion of Jumei Shopee, but Shopee serves Google search and Shopify serves Facebook. This is his view on Jumei. Qu Li relied on the two major traffic platforms in the United States to compete with Amazon, and his intentions were very sinister.

"How about we attack Tongda Network on the grounds of information security?" Someone at Amazon discussed the plan against Jumei

"Who will Facebook help?" Some people are not optimistic

The relationship between Qu Li and Xiao Zha is not good, but he is a shareholder, and the two sides have cooperation.

Competitors are busy coping with the changes brought about by Qu Li. Social networks at home and abroad are full of discussions about Qu Li. Some people analyze the differences between Chinese and foreign cultures behind Qu Li's decision...

Is it good? This is what he hopes. Qu Li is a Chinese entrepreneur who is greatly influenced by traditional culture, but maintains an open and enterprising mind.