Reborn Entrepreneurial Giant

Qu Li set up a charity fund in Xiangjiang. Originally, he wanted to call it the Yejin Tianming Foundation, but the second part of "Qin Shi Mingyue" Yejin Tianming was about to be launched. He was really embarrassed to play like this, and changed it to the Tianming Foundation. Ecology, environmental protection and education.

The shelf is put up, but it is actually an empty shell. The first donation was 10 million donated by Qu Li in the name of him and Chen Danlin through the Tianming Foundation, which was transferred to Li Juxing's Yi Foundation. Don't worry about how to operate it, Qu Li has money in his domestic account. He doesn't want to use this donation to avoid taxes reasonably, other things are really not important.

"We are discussing whether to do it ourselves or buy Goudong?"

"My reason is that talents are rare. Dadongzi was born in a poor family. Through his own efforts, he has achieved today, but he never forgets his original intention..."

"The development of Goudong is different from that of Jumei. We are technology-driven, and he is market-driven. The reason why I choose technology-driven is because of the limitations of my own and the ability of the team. It does not mean that we don't care about the market. Next, we will definitely face Amazon. And Ari in the Chinese and American markets, at this time we need people who can fight tough battles.”

"Of course Xu Lei can do it, but he is incapable of doing things alone. It's not that I don't give others opportunities, but Dadongzi doesn't have as many resources as us. Last year's revenue was 360 million. If there is no shortage of money this year, there is a high probability that it will exceed 1000000000……"

"I admire his ability very much..."

After Qu Li finished speaking, he waited for Lin Bing and others to express their opinions.

"If you buy Goudong, how do you arrange them?" Lin Bing asked

"We provide logistics and information support, let them stay in Beijin as an independent electrical appliance mall, and then gradually merge into the Jumei system. Dadongzi is named as the vice president of Jumei and is in charge of Jumei's electrical business."

"How to buy?"

"It must be given shares. I am mainly for Dadongzi, and the second is Goudong?"

"I agree in principle, but it depends on the price. If it's too expensive..." Lin Bing nodded, and Qu Li even admitted that his abilities were flawed. , the middle office he is in charge of is the most powerful department in the company.

"I also agree with the acquisition of Goudong. 3C products have not yet been figured out. It is indeed too fast to develop home appliance categories at this time, but we have to be fast. Taobao's transaction volume last year was 43.3 billion, and this year it is likely to exceed 100 billion. Our business this year The revenue is estimated to be 2 billion, the gap between the two sides is too big..." Xu Lei spoke in support

"We may lose money this year, and the loss will increase next year. Under the influence of the subprime mortgage crisis, it will be difficult to raise funds from the market this year and next year. Will the financial pressure brought by the acquisition of Goudong be great?" Chen Danlin

"This is indeed a problem. Both Jumei Logistics and Juyun Technology..." Wang Yunliang stepped forward. Juyun Technology, which is engaged in cloud computing research and development in Beijin, will not make money for a few years. Although Jumei Logistics provides services for brand owners , but there is a large amount of fixed investment, the profit cycle will be very long, and continuous investment is required.

"I have a sum of money invested in Jumei Logistics and Juyun Technology. When the time is right, Jumei can buy back the shares of these two companies."

"This is not a small sum, and it may last for several years." Wang Yunliang

"I won't say much about the importance of Jumei Logistics. Even if Juyun Technology has lost money for 10 consecutive years, as long as I can see hope, I will not give up. Even if the 3 billion soft sister coins are in vain in the end, I will recognize it... "

"3 billion? That's enough for the time being." Wang Yunliang thought that things would not be extreme. Apart from Danlin women's clothing, Jumei Sunyue Fenghua's profitability will become stronger and stronger. Even if you can't break even, you can achieve positive free cash flow within a few years.

Don’t look at what other people say about Amazon. Goudong has been losing money for more than ten years and still hasn’t closed down.

Amazon's operating gross profit margin has been around 25% for a long time. After the cloud computing business broke out, it has grown to around 35%. Goudong has made a big difference. It has been within 10% in the first few years, and then increased to around 15%.

This operating margin is very convincing. A simple description is that Amazon sells $100 of goods and earns $20-35. Why do you think it is losing money? Of course, it is continuous investment, increasing the scale of servers, and exploring overseas markets...

The situation of Jumei is similar. The gross profit margin of clothing and cosmetics is more than 20%, 3C products of mobile phones are within 20%, and home appliances will be reduced to about 10%. Not to mention the American ones.

However, the sales ratio of Riyue Fenghua products in the Jumei system is already less than 20%, and this year there is a high probability that it will be less than 10%, or even lower, but the unit price of mobile phones and 3C home appliances is high.

Having said so much, in fact, in one sentence, Jumei makes money and loses money because of continuous investment, especially asset-heavy investment. For example, Jumei Logistics needs to buy land to build warehouses.

Now that Qu Li has promised to invest in Jumei Logistics and Juyun Technology, the investment in Jumei will be greatly reduced. As long as the numbers are controlled well, it may even turn losses into profits. Everything is just a numbers game.

Next, Wang Yunliang's financial department got busy. While pricing Jumei Logistics and Juyun Technology, he contacted Capital Today to test Dadongzi and see if he had the idea of ​​selling Goudong.

As for Naquli, he is going to Pengcheng to talk with BYD Chuanfu about co-developing on-board chips, mainly IGBTs. If Chuanfu disagrees, he also has Jiaxing Star as an alternative. It is said that when BYD Semiconductor IGBT achieved the fifth generation, Jiaxing Star caught up with Infineon and mass-produced the seventh generation IGBT.

"I don't participate in management, as long as BYD insists on investing in research and development, ensures that the technology does not fall too far behind, and can guarantee supply when I need it..."

"No problem at all..." Brother Boatman spoke very well

BYD formally established an IGBT R\u0026D team in 2005, established an IGBT module production line in 2007, and completed the assembly of the first IGBT module sample for electric vehicles. At present, the industry leader Infineon has also found competitors through the telescope, including BYD.

But the problem should not be looked at this way. BYD insists on giving priority to self-use. If you want to use BYD cars to feed BYD semiconductors, you must pay for what you pay, and honest people should not suffer.

"Are you really going to make a pure tram?"

"Of course, but I'm not in a hurry. Pure electric vehicles are the carrier. I want to build driverless cars."

"Are you kidding me?"

"Google already has research in this area, but I feel that they are too aggressive and want to directly realize driverless driving. I want to do advanced driver assistance systems first, step by step..."

"Do you need any help?"

"When I have the product, you have to buy more."

"Of course, I will support domestic production."

Hehe, Qu Li doesn't believe it, you, like Huawei, want to make it yourself.