Reborn Entrepreneurial Giant

The Jumei Shareholders' Meeting was harmonious, and the only disharmony was Qu Li's statement at the IT Leaders Summit that he might step down as chairman. There were many disputes. The market value of Jumei is not too far away from 100 billion US dollars.

Yes, it’s not far away. After the general meeting of shareholders, several well-known investment banks published bullish research reports, arguing that Guge Search has little impact on Jumei’s main business, and that its own brand business has become the world’s number one in the e-commerce industry. .

It’s a bit exaggerated to say that. They may not have statistics for some vertical e-commerce companies. For example, the online sales revenue of IPhone and Nike may exceed US$4 billion. Jumei should be among the top e-commerce platforms in the world, and it stands out.

The more self-owned brand products are sold, the higher the profit. Glory Ming brand mobile phones and tablets are purely online transactions, only support online payment, and the capital turnover rate is extremely high. Others such as charging treasures, rainbow batteries, and TV boxes are all sold. Yes, basically no loss.

Even the after-sales service of the Ming series of mobile phones uses centralized after-sales service for replacement and repair, plus the authorized maintenance model, and the fact that many people in the supply chain are acquaintances, so he can save money to the extreme.

The production capacity of the consumer-grade 21700 batteries trial-produced by Honeycomb Energy is limited. At first, I thought that the low price could not be maintained. Unexpectedly, I found a way for Lu Weibing. The sales of traditional PC notebooks were frustrated, so he bought a large number of leftover batteries, and the low price can also bring high prices. Maori, this is the charm of Jumei's own brand.

After the general meeting of shareholders, Jumei completed the repurchase of Shiguang shares. As a holding subsidiary, small shareholders can object, but it is of little use. Besides, without the support of big capital and resources, WeChat can really rely on itself Promote mobile payment?

You can refer to WhatsApp, which is benchmarked against WeChat. In July 2013, the company’s B-round financing was valued at US$1.5 billion, and it raised US$52 million. How many shares will be sold and how much money will be raised to promote mobile payment? Some accounts are unclear.

After repurchasing shares in Shiguang, Jumei announced a capital injection of 1 billion to support the continued development of Shiguang, and then injected USD 350 million in Youku, with a shareholding ratio of about 9%. In addition, it acquired about 25% of the shares of other shareholders, holding a total of about 34% of the shares, and became its controlling shareholder. It can be regarded as including Youku under its banner, which can promote the mass production and sales of Youku TV.

With this series of actions, after May, Jumei’s market value exceeded US$50 billion, and a new round of corporate bonds was successfully issued, with a financing scale of US$2 billion, mainly for domestic use. There is no rush to borrow new ones to pay off old ones, anyway, the current debt ratio is less than 90%. In the future, borrow money for overseas use, and use Jumei’s overseas business as collateral, so that you will not be afraid of exchange rate losses.

Qu Li did not stay in Yangcheng all the time, Galaxy Power's troubles were not resolved, and Future Geometries encountered troubles in Shanghai. At the beginning, they had to adjust the location of their showroom, because Geometry G9 and Y9 were extremely popular, and Qiancheng CS8 plus attracted a lot of attention. In the end, the location changed was slightly better than the previous reservation, which is not a crime.

Forget it, Qiancheng Geometry negotiated with Magic City to build a factory, and there was no preferential treatment, not to mention that the Development and Reform Commission could not get help with the approval, even if the land was bought, it had to be auctioned, and the reserve price could not be guaranteed. In comparison, Guangdong Province was really good to him, and there was almost no resistance to building a factory in Yangcheng.

Qu Li likes to take advantage, and he dares to buy land in Beijin without giving money. Not only is there no discount in a mere magic city, but also there is very little room to choose from. The location is good and the area is small, and the location with a large area is not good. Describe it in one word: Expensive!

Undoubtedly, Future Geometry was targeted. As an out-of-town company, it was so arrogant before it came to visit the pier, openly having conflicts with the local big brother, haha.

"Happy for a while, troubles keep coming..."

People with a bright future want to blame Qu Li for being ignorant and offending others, but their popularity is obtained by Qu Li's continuous bragging on the Internet... relying on his own strength.

Originally, it was not difficult to solve this matter. We could find relevant departments to communicate on our behalf. Magic can achieve such great achievements. The local government is not worse than the opening up of Guangdong Province. That's why we had nothing to do with each other before, so there was a "misunderstanding", as long as the relationship is in place...

Having a solution does not mean that Qu Li must find a way to solve it. Although Shanghai is good, he is not without choice. He has to build a factory in Shanghai, so he is not allowed to sell cars in Shanghai?

After such a long period of preparation, Qu Li and the others figured out the fact that if they want to build factories in Jiangsu, Zhejiang and Shanghai, Shanghai has a complete industrial chain, but the cost is the highest. shortcoming. But here is the headquarters of Geely Automobile, and there are several factories.

Will he be considered provocative if he wants to build a factory in Ningbo? However, he is not afraid of offending people, the key is the conditions for building a factory, and Ningbo will not ask for any company.

Qu Li doesn’t need to worry about how to contact and communicate. Future Geometry released a new car in Shanghai. Geometry Y9’s L2 advanced assisted automatic driving has become the focus of heated discussions on the Internet. They also uploaded a test video on the Internet, showing automatic lane change, automatic cruise, and automatic parking. , Active braking in emergencies.

Every technology is a "dimensionality reduction blow" compared to the current traditional fuel car companies, but although they have car-level chips, it is impossible to popularize them soon. This is related to brand building. If a 100,000 car can enjoy the experience of a 500,000 car, why do people buy more expensive cars?

The two cars of Qiancheng Geometry are equipped with navigation and driving recorders, which have some functions of the Kunlun system, such as voice control, but the functions are very limited.

Not only that, Geometry also announced a brand adjustment plan, which is to determine the naming rules for cars and SUVs. In the future, there will be only two versions of high-performance and long-endurance products, and the low-endurance version will be cancelled.

Generally speaking, it is to simplify consumers' shopping choices while increasing production capacity. After compact cars and SUVs, rear-drive versions may be sold to reduce costs.

This strategy also uses fuel vehicles. Qiancheng CS8 has an upgraded version plus, and Qiancheng CS6 also has an upgraded version. The site has been retuned and the upgraded CS6 Pro.

In the future, there will be more than 40 models of the BYD Song, and dozens of models of the Great Wall Haval H6. Qu Li and the others don’t want to sell new cars for the time being, so they can only make up their minds on two SUV models. The price of Qiancheng CS6 pro version has increased by 20,000 to 30,000, and the time to market will be brought forward. Of course, this is done to maximize profits. If someone else sells a car for two or three years, but you, a fool, only sell it for one year, how much less will you earn?

The active suspension and intelligent body control system have not been developed, but the future CS6 pro version and CS8 plus version must still have technological progress, such as significant improvement in safety, which is not considered a scam.

The speed of progress visible to the naked eye makes potential users of Future Geometry both happy and depressed. Should they buy now or wait? (end of this chapter)