Reborn Entrepreneurial Giant

After the Spring Festival, Jumei Company resumed its normal working status. Most of the work in the domestic e-commerce retail sector was carried out around the two platforms of Jumei Juhuasuan. Xu Lei and Dadongzi started their own actions.

Qu Li is the leader, Lu Qi is the commander-in-chief, Xu Lei and Da Dongzi are the generals who charge into battle, then the self-owned brands in charge of Lai Shixian, Lu Weibing, and Luo Shaowu probably provide weapons and ammunition, and Jumei Logistics in charge of Zhou Ting and others is of course For transportation and door-to-door delivery, take into account after-sales door-to-door pickup.

What about cloud computing and search, Jumei Financial Services, and Time Group?

No matter what it is, Jumei started its business reorganization after the year and formally established Jumei Financial Services Company, with Tian Yue in charge. He was the head of the company's legal affairs and later worked on supply chain finance. He has always maintained a good relationship with Xiangjiang Fortune Group. partnership, and now takes over the entire financial services business.

Then it was announced that Time Group became a wholly-owned subsidiary, and Huang Zheng was officially in charge.

The most important thing is of course that cloud computing and search are formed into an independent subsidiary, Yunsou Group, with Lin Bing as CEO and Wang Jian as CTO. At the same time, Lin Bing stepped down as CTO of Jumei.

The other is to set up multiple research and development centers such as Jumei Lab, which are distributed in Beijing, Shanghai, Guangzhou and Shenzhen. They are responsible for the research and development of cutting-edge technologies such as big data, artificial intelligence, blockchain technology, and personalized recommendation algorithms. Many people search from ancient songs. Separate from the cloud computing department. The technology that allows Jumei head office to directly control has been strengthened.

This series of adjustments has caused a lot of discussion outside. Jumei took the initiative to publicly warn about the expiration of the contract with 365, and at the same time, 365 search started the public beta.

The adjustment of time is that Qu Li got out of it and is no longer responsible for the specific work of time. No one doubts about it. Qu Li has always been like this, but he has doubts about Huang Zheng. A good product manager may not be a good product manager. CEO.

The Jumei Financial Services Company is even more nonsense. It basically had no sense of existence before, and now it is deliberately brought out this time. It can’t be just to make up for it, right?

Only Jumei Yunsou’s cloud computing is the first in China. After officially providing services to the outside world, there is basically no need to open up the market. Even Alibaba Cloud has made great progress now, but a large number of Internet start-ups have actively chosen Jumei’s cloud computing services. .

Although Jumei Cloud Computing is the industry leader, its revenue scale is not large, so everyone pays more attention to Guge search. 365 browser users have reached 330 million. The default Guge search has brought huge traffic, or The traffic from the 365 browser accounted for half of the ancient song searches at most.

Therefore, some people predict that the search market share of ancient songs will be cut in half, some people say that Baidu will dominate the world from now on, and some people say that 365 search will surpass ancient songs...

Fortunately, no one discussed why Lin Bing stepped down as CTO of Jumei.

The adjustment of the organizational structure is of course to better cope with changes. Losing the traffic source of 365 does not mean that Guge Search will definitely decline. In fact, no one denies that Guge may become the absolute king of mobile search. So even though Gu Ge may lose the PC market, Jumei's stock price still hasn't fallen.

Mobile search is not in their discussion, PC search is the biggest source of profit, no one wants to lose this piece of fat, so this is not just a matter of cloud search companies.

"Ask the firewall company to strengthen the blocking of Google search..."

Google search has a server in Xiangjiang. When it was just acquired, it was forced to jump to the guge domain name of Jumeiguge. Now domestic users can directly access Google search. It occupies about 5% of the domestic search market, and Jumeiguge has 25%~ 30%.

After Ari became a shareholder of Sogou, he gained about 8% of the market share by accessing the traffic of Yahoo China, plus the traffic of Sohu, Sogou Pinyin, and browsers. Wangyi Youdao, Goose Factory Soso, Microsoft Bing, etc. can be ignored, up to 5%.

Calculated in this way, Baidu Search has a domestic market share of 55% to 60%. Although it is the industry leader, others still have hope. With a market share of about 55%, it has won about 20 billion in revenue and 10 billion in profits.

"Should we acquire Sogou Search? Their market share of Sogou Pinyin ranks first in China, and Sogou Browser also has a good..." Since there is no way to win over competitors by means of competition, then use capital means. Sogou Wang Xiaochuan is unwilling to be in vain Do you want to be recruited by Jumei if you don’t want to make an acquisition?

"You can try."

So Jumei has been in contact with Sogou since last year. At this time, they just broke up with Ari and negotiated to buy back shares. The matter dragged on until this year.

"365, Goose Factory, and Baidu have all joined Sogou's bidding." CFO Bian Liang said that although Tian Yue is the person in charge of Jumei Financial Services, it is still managed by Jumei. Jumei itself also has an equity investment department. Bian Liang was in charge.

"Is there a high chance of our acquisition?"

"There are difficulties. Sogou's valuation exceeds US$1 billion. The competition between us is likely to increase the valuation, and the final valuation may even exceed US$1.5 billion."

If a listed company disposes of more than 5% of its net assets, it needs to submit it to the board of directors for review and approval. What is the total assets of Jumei? If you really want to acquire it, you still need to convene a board of directors.

"The price of 1.5 billion US dollars is too high." Lu Qi felt that it was not worth it when he heard it. How much is Time Group's valuation? Uh, it seems closer to $3 billion.

"Do you want to keep the Sogou brand after the acquisition?" Qu Li asked

"Very likely." Bian Liang

"That 1.5 billion dollars is not worth it." Lu Qi

"Don't let others get it cheaply." Qu Li

This is no longer a question of price, Jumei's search only needs to have a brand. There is no need to think about leaving ancient songs or Sogou.

"There are already people selling post bars in Baidu, and there are still a lot of advertisements for Putian hospitals."

Since market competition and capital means are difficult to work, cracking down on competitors is one of the choices. There is no need to spread rumors at all, as long as more users realize that a certain company is "doing evil", if at the same time let users know that there are better options , I think there will be a good harvest.

"Do we have hospital ads?"

"have!"

"..." Qu Li didn't know how he was feeling right now.

PT City Zhizhou once publicly stated: "Baidu's total advertising revenue in 2013 was 26 billion yuan, and private hospitals in Putian made 12 billion yuan in advertisements on Baidu, accounting for almost half of Baidu's advertising revenue."

The ass determines the head. Since the relevant departments allow the existence of medical advertisements, are the companies that display advertisements really heinous? Standing in Qu Li's position to rethink this issue, he found that many things began to become blurred. There is no real competitor's smear behind certain events, right?

However, despite the blow to Baidu, Sogou and 365 Search are still not on the table. Why is this?