Reborn Entrepreneurial Giant

Ari is about to go public, and Ma Baba wants to give benefits to Quli and Chen Danlin, and asks them if they want to subscribe for Ari's internal shares, which makes Quli stumped.

Qu Li's hesitation soon made Ma Yun aware of something. At this time, Jack Marco didn't pay attention to Qu Li's Jumei. Even the value of Ari's B2B business is far more than Jumei, let alone the value of Jumei. There is a Taobao.

"Not much, just 5 Hong Kong dollars per share, a total of 1 million shares." Ma Yun said on the phone

"Such a good opportunity to make money, I'll let Lin Dan go to Hangzhou." Qu Li quickly agreed

"Why did you let me go?" Chen Danlin was puzzled, Qu Li could do it by herself

"In the future, Riyue Fenghua will sell through all channels. If you become a small shareholder of Ali, you can deepen the cooperation relationship between everyone, and 1 million shares is not much, so let's treat them as a bonus."

"Then I don't have that much money."

"Your money in the stock market has multiplied several times, and you can still use shares as a pledge. How can you be short of money?"

"Oh, it can still be done like this."

"How about going?"

"Of course I will."

Chen Danlin soon went to Hangzhou, and then invested money into shares. There are too many opportunities for rich people, and opportunities can be delivered to their door just sitting at home.

"Ma Yun invited me to play the drums together when Ahri was listed." Chen Danlin excitedly said to Qu Li after returning

"That's good, when Jumei goes public, you can ring the bell again."

"Then when can we go public?"

"I don't know, it's not now anyway." Qu Li knew that the financial crisis was coming soon. Since October 10, 2005, Jumei has been established for less than two years.

But sometimes things are so unexpected.

"Let Jumei go public, are you serious?" Qu Li didn't expect that Lehman Brothers would make such a move for him.

"Of course, it's impossible for us to joke about this kind of thing." Anderson pretended to be mature with a straight face, thinking that others would not be able to see the fraudulent nature of the investment bank?

"What do you think is the possibility of success?" It's not that Qu Li is not optimistic about Jumei. The key is that Jumei has not yet formed a core competitiveness.

"We're 80% sure." Anderson didn't change his expression or his heartbeat. It's not difficult at all to fool such an illiterate.

"I'm contacting other investors..." Qu Li didn't want to waste time, and thought it would be better for professionals to communicate.

"But there is a premise that Jumei must enter the US market."

"It's impossible, we don't have the plan, the cost is too high."

"I mean let Xiangyun's Danlin brand be sold in the United States."

"..." Qu Li hesitated, if it was just for show, it would not be difficult at all

"Let's wait until you convince other people. I don't want to do wasted work." Qu Li has no experience in foreign trade and export, and he plans to start this project in 2008. Now being pushed away, I feel a little uncomfortable.

I contacted Shen Nanpeng, Xiong Ge, and Xiao Dongying. They were also very shocked by Lehman's proposal. The last sum of their financing has not yet arrived, and they are going to be listed now?

"Has the Jumei semi-annual report come out?"

"Is there?" Qu Li innocently looked at Jumei CFO Wang Yunliang

"This has not yet been counted, but there are several key data."

"..." Everyone waited for him to continue

"Jumei's entire platform sales exceeded 60 million in the second quarter, nearly 100 million in the first half of the year, and about 40 million on Jumei's website in the first half of the year..."

"..." Qu Li was dumbfounded. He remembered that it was only 500,000 a day not long ago. Could it be that the data was falsified?

"I remember..." Qu Li asked his own question

"This is a matter of statistics. Our single-day sales exceeded 600,000 at the end of May, exceeded 700,000 in June, and approached 800,000 at the beginning of July..."

Anderson quickly converted the figures into US dollars. Jumei’s sales in the first quarter exceeded US$460, and sales in the second quarter were US$13.15 million. Such data is not good-looking, but companies look at the growth rate. The growth rate in the second quarter increased by 286%. What is the fairy speed?

Shen Nanpeng also felt that he had underestimated Jumei Quli. How did this kid do it? It shouldn't be a fake. Wang Yunliang has a good relationship with him.

"I think Jumei is still in a period of rapid development, there is no need..."

"I thought so at the beginning, but is Jumei's goal to become Amazon among the females? How much are you planning to invest in logistics?"

"..." Qu Li really can't explain this question

"The profit margin of clothing e-commerce business is so high, why not concentrate on this?"

"I can explain this. Zhongying's manufacturing capacity is too strong, and the high profit margin cannot be maintained for a few years. If we don't build a moat during this period..."

"But a few years are enough for Jumei to go public and get a good valuation." Anderson

"..." Qu Li realized that the visitor was not kind, was he forcing himself to make a choice?

"What do you mean, you want us to change the direction of the company's development?" Qu Li thought that he owns 50% of Jumei's shares, plus Chen Danlin's 11.2%, and Lehman Brothers' 10% is not something to be afraid of.

"We don't want to interfere with Jumei's development, but to become a popular Amazon needs a lot of money, and we VCs obviously don't have that much money."

It’s not that they don’t have money, but that they won’t invest in Amazon. The asset-heavy model is too scary. Silicon Valley venture capital has learned a lot, and it’s worthy of vigilance.

"Yes, the current logistics infrastructure of Zhongying is not perfect. Jumei is going to be a B2C business. There are many difficulties to overcome ahead, and Ari is about to go public..." Shen Nanpeng seems to have turned his back

"..." What does this have to do with Ari?

"Jumei is the largest fashion e-commerce platform in China."

You can still brag like this, you have gained experience, do you want Qu Li's face! Uh, that’s what he seemed to say when he raised money, adding the Internet to clothing, cosmetics, and shoes and bags.

"I don't think Jumei should expand its entire category for the time being. It's just right now." Anderson

Did I mention the expansion of all categories, or did someone disclose the news inside the company?

"As an excellent fashion e-commerce company, at the end of this year or early next year..."

"I think it can be listed in advance. At this time, the international market is full of imagination for fashion e-commerce, Internet plus clothing e-commerce. In the future..." Shen Nanpeng

"The current valuation of Jumei is 390 million US dollars. Can IPO exceed this price?"

"If Jumei can make some achievements in the US market, I believe the IPO price will be very high..." Anderson said calmly, seeming very confident

Jumei's top executives also saw that the situation was not right. Lehman Brothers had completely lost the previous friendliness and appeared aggressive.

At the end of the meeting, Qu Li agreed to cooperate with Lehman's listing plan to a limited extent. Then arrange for him to call Tian Yue, director of Xiangcai Securities.

"Several shareholders have agreed to transfer their shares to Lehman Brothers under the pressure of the provincial government. The specific shareholding ratio is unknown, but it should exceed 30%."

So that's the case, with the support of the provincial government, don't you take him seriously?

"First, express our attitude and insist on letting Lehman prove itself; second, let them succeed in the acquisition, but not so smoothly..."