Reborn Entrepreneurial Giant

Jumei, Glory, Google, Microsoft, plus several operators, seven or eight companies cooperated to jointly build the Zhongmei submarine optical cable from California to Xiangjiang.

In fact, Qu Li would rather directly connect the fiber optic cable from California to Yangcheng. Unfortunately, there are some things that he can only think about, but he dare not do it. Domestic Internet companies are not allowed to go overseas. If it has nothing to do with the Internet infrastructure, who would believe it?

There is also a submarine optical cable from Singapore to Europe, which has entered the planning. Now, I rented the Asia Express submarine optical cable invested by NTT Com to meet the temporary needs. Not only that, but with the growth of time and Shopee, Xiangjiang and Singapore may play an increasingly important role, and the demand for submarine optical cables will increase. Jumei and Glory participated in the investment of NCP, a new Pacific submarine cable project led by a state-owned enterprise, and landed in Shanghai.

Why did Qu Li acquire PCCW in the first place? It can’t be for making money, isn’t it because this telecom operator has a deep foundation in Xiangjiang and can help him handle various things, just like PCCW has launched data center business in Xiangjiang and Singapore, and Jumeiyun rents their servers.

Whether it is submarine optical cables or data centers, PCCW is not the business center of PCCW, but telecommunications business. At the end of last year, it officially announced that it would acquire the shares held by the Australian telecommunications company Telstra and New World Development at a price of HK$19 billion.

Through this acquisition, PCCW will become the largest telecom operator in Xiangjiang. Although this is a "happy event", the shareholders are not happy. The stocks invested in the past are all rising, and the increase is very large, which is very gratifying, but PCCW Cash out in advance, now it looks like a big loss.

So no matter what they do, the shareholders of PCCW are not satisfied. Chen Danlin has seen this wave and finally realized her own understanding of these things: insist on doing the right thing, and there is no need to care too much about the noise from the outside world.

But in any case, after spending HK$19 billion for the acquisition, PCCW’s debt is still controlled at a normal level, and the annual revenue scale can increase to HK$35 billion. The annual net profit can exceed 4 billion Hong Kong dollars, and 10 times the price-earnings ratio is 40 billion Hong Kong dollars. That's it, and the market value has returned to ten years ago.

As long as they don’t mess around, the profits of the operators should be relatively stable. Quli will build submarine optical cables and build data centers in Southeast Asia, and the dividends will basically disappear.

Quli’s investment in PCCW has reduced the difficulty of overseas expansion of Jumei Cloud Computing. Currently, three cloud computing centers have been established in Silicon Valley, Hong Kong and Singapore. The one in the United States must be the largest. The final partner chosen is a bit unexpected, it is HP enterprise.

Meg Whitman, the current CEO of HP, was the CEO of eBay before. She has a deep understanding of e-commerce and knows the strength of Jumei. If there is no Jumei Cloud, they will use the open source technology of OpenStack. Now they have a better choice. The relationship between the two countries is relatively harmonious, and the richest man, Qu Li, is well-known. These are the foundations of cooperation.

However, HP did not put all its "treasures" on Jumei. In the joint venture company established by the two companies, Juyun Technology provided funds and technical support accounted for 49%, and HP provided funds and equipment accounted for 51%.

What is Jumeiyun's foreign name? Let's call it Helion, HP's later cloud computing brand. Jumeiyun's technical strength is not bad in North America, otherwise HP would not like it. The combination of the two companies is both a cloud computing company and a sales company.

how to say? Juyun Technology also has a wholly-owned cloud computing company in the United States, which provides cloud computing resources for Helion, and can also provide cloud services independently, but the price of external sales must be consistent. HP may develop OpenStack-based cloud computing, also sold on the Helion platform.

In fact, HP is quite good. The most important thing about cloud computing is not the technology, but the service capability. Perhaps the early technology of cloud computing is more important, but when it develops to a certain stage, the speed of technological development slows down, leaving opportunities for latecomers to catch up. , The level of service ability becomes the key.

Hewlett-Packard is a high-end version of a certain idea. It has rich experience in serving large government and enterprise customers. It is also a well-known company in the United States. The cooperation between the two parties can reduce various troubles. Moreover, HP's name in China is China HP, and it is impossible for ordinary companies to put the word "China" in front of the company's name.

If the cooperation goes well, Helion can expand the scope of cooperation to Japan, South Korea and the European Union, but excluding less developed countries and regions such as Southeast Asia.

The cloud computing in charge of Lin Bing made adjustments along with the adjustment of Shopee, and established an international headquarters in Singapore. Qu Li embarked on the itinerary again and flew to Singapore.

Jumei Glory and Future Geometry have negotiated various tax details with Singapore. Qu Li will sign the pledge this time to cooperate with the establishment of the international headquarters and the establishment of Shopee's own logistics company.

Jumei is directly responsible for the e-commerce market of Xiangjiang Macau, while Wanwan is handed over to Shopee. The company is a wholly-owned subsidiary of Jumei, but it is an independent entity. In addition, the major subsidiaries of Jumei have set up international headquarters one after another, but Jumei itself has not. Therefore, the adjustment of internal resources, cooperation, and the establishment of the middle platform in the supply chain, and many problems can be easily and happily solved as long as Qu Li is there. decision making.

For example, to increase investment in Kimchi Country, Jumei also invested in Kakao before taking a stake in Coupang. The current valuation of these two companies is around US$1 billion. In addition, it invested in Grab, an online car-hailing company in Singapore...

Jumei, with a market value of US$80 billion, is already an Internet giant with international influence. Some domestic media exclude Jumei from Internet companies, but foreign countries are not so complicated. What is the difference between Jumei and Amazon?

Online promotion in Southeast Asia is relatively cheap, or with WeChat and Instagram, Jumei’s promotion in Southeast Asia may even be cost-free. Qu Li is not very worried about whether Shopee can succeed in the Southeast Asian market. It needs patience to improve their e-commerce infrastructure step by step.

There is no rush for all this. Many people transferred from the headquarters are not used to it. There is no need to work overtime for a while. I don’t know if this situation is short-term or long-term?

Of course, these have little impact on Jumei. Shopee's current model has actually been changed by him to "headquartered in Singapore, talents in China, and business globally."

Most of the programmers that Shopee needs are actually in China. That's why Qu Li has repeatedly emphasized the importance of submarine optical cables. Without internet speed, it will be easier for hackers to fall when they attack WeChat, Instagram and Shopee.

Don't think that foreign companies can only talk about the rules of the game. If you are unable to protect your legitimate rights in a capitalist society, who cares about your thoughts?