Reborn Entrepreneurial Giant

After Glory succeeded in Beijin, Yangcheng of Guangdong Province regarded Qu Li as one of his own and helped him solve many problems. Qu Li has lived up to everyone's trust in him, and made Jumei develop better and better. Now its market value exceeds 35 billion US dollars, which is close to 40 billion.

The preparations for the general meeting of shareholders have been completed, but Qu Li still has to go to Hainan to join him.

Jumei’s financial report was announced. While maintaining high-speed growth, another loss occurred, mainly due to the investment in Jumei’s logistics infrastructure, Juyun Technology’s entry into the North American market, investment in the establishment of Tongda Network, and the increase in self-operated ratio with the Jumei platform. A lot of money is related. Anyway, in 2012, Jumei’s operating costs rose rapidly. Fortunately, Juhuasuan’s GMV increased, and its commission and advertising revenue increased rapidly.

In any case, Jumei’s target is that Amazon’s market value has exceeded 100 billion U.S. dollars, its revenue is about 60 billion U.S. dollars, and its GMV is about 85 billion U.S. dollars. Jumei’s GMV is close to 70 billion U.S. dollars, and its revenue is about 40 billion U.S. dollars. The actual gap between the two companies does not match the gap in market value, and there is a good arbitrage space in the market.

Needless to say, Xiangjiang Fortune's U.S. stock fund has definitely taken action, including the U.S. stock index fund it issued in Xiangjiang, behind which there are funds from Tianming Fund under Qu Li's name.

Wall Street has opinions on Jumei's performance, including their management, including short-selling funds to domestic investigations. It is generally believed that Jumei's use of funds is too efficient, exceeding the normal level. For example, Jumei Logistics has built warehouses across the country. The capital investment was significantly lower than the actual needs, and Jumei Company may have hidden losses, that is, financial fraud.

Luqi announced the strategic cooperative relationship between Jumei Logistics and ProLogis. The two companies have cooperated since 2008 and have a very deep trust relationship with each other.

In addition to domestic funds such as Huatou and Vision, GLP also has a large amount of funds from Europe, America and Southeast Asia. In the beginning, it was bound with Jumei Logistics, and there were certain risks. It was all invested by domestic funds. Later, European and American funds gradually joined.

It can be said that more than half of the warehouse ownership of Jumei Logistics is shared with ProLogis, a small half is self-built, and a small amount is leased. It can be said that the utilization rate of funds is indeed quite high.

As for the Xiangyun brand, it rose from Facebook and was sold on Shopee. Now it has entered the Amazon platform, opened up offline channels in Europe and the United States, and built specialty stores in China. In addition to shoes, there are also men’s and women’s clothing imitating Uniqlo. The sales revenue of more than 1.5 billion US dollars a year is not much, and it is also listed on the big A-share market.

Speaking of which, it is definitely a good time for Xiangyun to be listed on the big A-share GEM, and there are very few restrictions. I heard that there is still a big company that wants to learn, but it was rejected without accident.

The data of Jumei e-commerce platform is basically impossible to falsify. Jumei Logistics has proved itself. Jumei’s own brand business accounts for more than 10% of the total revenue of 40 billion U.S. dollars, but they are all well-documented. Search and The cloud computing business is harder to fake.

Faced with doubts about Jumei, the rise in the stock price instead of falling may explain a lot of problems, but the rise is too low, and it may also explain other problems. One sentence that Jumei’s profit margin is not as good as Amazon’s can’t explain all the problems.

Before the general meeting of shareholders, I didn’t hear too much negative information, and I communicated in advance about the issues that need to be voted on this time. Whether it is repurchasing shares in Time Time or acquiring Youku, it is a normal and reasonable business decision. big.

After communicating with Lu Qi for a while, Jumei Company's operation is stable, and there is nothing wrong with it except being suspected of financial fraud, so Qu Li felt relieved and set off for Boao, Hainan.

Many people from the financial and real estate industry participated in this forum, as well as international leaders such as Bill Gates and Soros. It seems that many people like this kind of bragging occasion.

This forum has little to do with Qu Li. I went to the venue to participate in the entrepreneur symposium, met Mr. Yuan, and chatted with him about the progress of the sea rice project and whether the funds are sufficient. Since the New Year's Eve speech, except for paying him, there has been no publicity. This is a big mistake. Qu Li, who doesn't care about things, has given Yuan Lao great confidence.

Although someone discussed the issue of food security, Qu Li did not go up to talk about sea rice. Instead, he discussed poverty alleviation with Bill Gates. Regardless of whether he was trying to avoid taxes, the Gates Foundation has done many good deeds. Qu Li admires him very much for his ability to do things with ease and to be a guest of honor wherever he goes.

Qu Li talked about his idea of ​​combining environmental protection and poverty alleviation: "After the large-area photovoltaic panels are laid, they often need to be washed with water, which seems to have improved the local natural environment. Whether they can grow pastures is still uncertain. .”

"Your plan can help not many people, right?" Bill Gazi

"This is the first attempt. Another project that will last for a long time is Ant Forest, planting trees and ecological restoration in desert areas. However, I want to promote the participation of the whole people. At present, there is no good plan..."

"This requires a lot of manpower and material resources, right?" Bill Gazi

"So I want to pull Glory and Jumei to take action together, and actually do it. In the early stage, it may be employees of the two companies and some volunteers, and in the later stage, a group of employees may be hired to do long-term maintenance work." Qu Li

"I don't think it's poverty alleviation, it's just environmental protection that provides jobs for a few people."

Bill Gazi was merciless and pointed out his question.

"Then what counts as poverty alleviation?"

"To give local people something to earn a living..."

This is difficult, I can't go on, anyway, Qu Li will not change his mind. Bill Gates later talked about poverty alleviation at his home meeting: "In the past 30 years, 600 million people in China have been lifted out of poverty, and the income of farmers has increased by 15 times, which is a remarkable miracle."

This person is really awesome, he speaks good words, and makes people feel sincere. According to statistics from the Bureau of Statistics, the average annual inflation rate in my country for 30 years was 9.11%, and it was 10.72% for 40 years. Although the actual income of farmers did not increase by 15 times, it made 6 It is indeed a miracle that 100 million people have been lifted out of poverty.

Bill Gazi's wisdom is more than that, and it is worth learning from Qu Li.

I thought it was a very friendly meeting, but I didn't expect that he would not cause trouble. Someone took the initiative to provoke him. The chairman of a certain automobile group in Shanghai said at a meeting: It takes several generations of efforts to surpass the joint venture in the total number of self-owned brands. It is impossible to build a great enterprise by fooling around.

Listen, what does this sound like? Boao also had the heads of the two auto companies, Mordu Automobile and Future Geometry, at the scene. Quli is undoubtedly a representative of its own brand. Someone interviewed him about this, although he knew that others had bad intentions, Qu Li felt it didn't matter.

"No one can say for sure what will happen in the future. Qianjoo has the hope of becoming one of the world's top car brands, and some people don't even dare to think about it." Qu Li said slightly contemptuously: "It is true that you will never make a mistake if you don't do it, but I will never make a mistake." I don’t want to lie down and make money, it’s too embarrassing.” (End of this chapter)