Reborn Entrepreneurial Giant

Apple has carefully considered how to attack Glory. This Chinese company is too scary. Before Nortel went bankrupt, it obtained the patent authorization in advance, paid patent fees to Nokia, Huawei, etc., and made a layout on the patent issue early on. The ipad has not appeared, what qualifications does the Gpad have to appear on the market?

Seeing that Nokia is powerless to stop the rise of Apple's iPhone, Honor and Qu Li are improving every year, and it will become harder and harder to beat in the future. Do you want to use some connections to ban the sale of Honor in the United States? Even if it doesn't need to be successful, just make the operators reconsider their partnership.

The iPhone does not cooperate with Qualcomm, and can only produce WCDMA mobile phones, while Honor can produce CDMA2000 and TD, and can produce the three mainstream standards in the world. The two companies unanimously abandoned Wimax, which is dominated by Intel, and it is currently used by operators in Wanwan.

The glory of not bad money has been making up for your own shortcomings, and has targeted the acquisition of smartphone-related patents for the iPhone in the EU, including various hardware and software, such as the nine-point gesture unlock patent.

The outside world's doubts about the Honor gPad have not affected its sales. Many evaluation videos on YouTube fully demonstrate the advantages of the gPad. It has not been officially sold yet, and 100,000 units were sold through pre-sales on the Shopee platform in 7 days, which is far inferior to Apple's 300,000 units a day in history. Honor's brand influence is not enough.

But Shopee started group buying and then pre-sales. The innovative vitality displayed once again made everyone at Google see the hope of making the e-commerce business bigger and stronger. It makes no sense that a crooked nut can do a good job, but American people can’t do it. All right?

Lu Qi and Lin Bing rushed to North America to discuss the acquisition of Google China and the transfer of Shopee. American executives such as Brady obviously trust Google more than Jumei.

Search is a good business, and the gross profit margin of Baidu has remained at around 60% for a long time. One can imagine how profitable it is. It is conservatively estimated that Google Zhongwomen will bring Jumei a net profit of more than 1 billion soft sister coins in the next year. This is of great significance to Jumei Juhuasuan, which needs a lot of funds to develop! If Jumei hadn’t been listed, he would have agreed to most of Google’s requests even if he knelt and licked. But now that Jumei is listed, with stable financing channels, the cash flow brought by Google’s Zhongwo has been greatly reduced in terms of importance.

"A ten-fold increase in the domestic search engine market in ten years is a high probability event..." Qu Li gave his own judgment. In 2020, the Chinese search engine market will exceed 100 billion.

"Overseas e-commerce is hard to say. There are many difficulties we need to overcome, but I think China may become the world's largest e-commerce market..."

Lu Qi couldn't make a good judgment, talking about the data he had obtained: "Shopee's 2009 fiscal year revenue may exceed 1.5 billion US dollars, and the Honor mobile phone contributed nearly one-third. Third-party sellers sell 25 billion..."

In fiscal year 2008, Shopee's revenue was about half of that in China. By fiscal year 2009, the situation was similar, and the biggest change was in third-party sellers. It's a pity that it is far inferior to Taobao. In 2007, Taobao sold 43.3 billion commodities, and in 2008 it was about 100 billion. In fiscal year 2009, Jumei’s domestic sales of RMB 45 billion just exceeded Taobao’s sales of RMB 43.3 billion in 2007.

Lu Qi predicts that in fiscal year 2009, Jumei will have about 30 billion in sales revenue plus 1 billion in commissions plus about 3 billion in logistics revenue, and about 1 billion in sales revenue from Sun Moon Fenghua's other platforms at home and abroad, for a total of 35 billion in revenue. It is 3.9 times of 9 billion in the previous fiscal year and one-fifth of Amazon's 2009 financial report. The market value of Amazon is about 40 billion US dollars, and the market value of Jumei is less than 6 billion US dollars. Is it considered undervalued?

Several people talked about it, but no one said that they wanted to give Shopee to Google, and no one said that they didn't want Google's heroine. Even a well-informed person like Qu Li couldn't find a reference point, so it was difficult to judge whether such a transaction would be successful or not, and whether it was worth it.

In an uneasy mood, I met Schmidt and Google again. The two sides exchanged the financial data of the two companies, and then entered the communication session to test each other's sincerity.

Google’s revenue in 2008 was about 1.4 billion. In the first half of 2009, it increased to about 900 million soft sister coins. However, there are 700 employees in Google, and the salary income is far higher than the domestic average, and the cost is very high. The annual revenue in 2009 was about 2.2 billion, and the net profit was pitifully low.

"If we acquire Google Zhongying, will we be in charge of the Android app market or will Google be in charge?" Qu Li naturally needs to figure out what business scope Google is selling,

"App store?" Schmidt hesitated. The conflict between them and China is not that big. Microsoft is getting better and better in China. The market share is not large. Corporate culture must be an important consideration for them to decide to give up the middle-aged women's market, and the second is that they are not optimistic about the middle-aged women's market.

Google executives really want to know that China can cultivate several Internet technology companies with a market value of 100 billion US dollars, and it is absolutely impossible to give up Google so easily. From this perspective, Microsoft's long-term strategic vision is really strong.

"It can be considered, but Google women can't use the Google brand..." Schmidt

"..."

This damned arrogance, damned Google culture, Qu Li wanted to stand up and leave, but is there no value in Google search without the Google brand? In the final analysis, it is still a question of money, and it depends on whether Google wants to acquire Shopee or take a stake.

"Shopee takes customers as the core, and at the cost of reducing product choices, provides consumers with high-quality and low-cost products. Riyue Fenghua is the main supplier..." Brady introduced the development and layout of Shopee. Because of the small selection, it can Through large-scale centralized procurement to reduce costs, the prices of most of Shopee's products are cheaper than Amazon's, especially the brands that are not very concerned about best-selling products.

Because there are few types of products, there is less pressure to open up international websites, and Jumei can use this to accumulate experience to establish an international procurement network and develop overseas shopping markets by the way.

"Shopee's development could have been faster. The main obstacle restricting our development is the problem of capital. To establish a global warehousing logistics and distribution system requires a large amount of capital. Jumei has to take into account both China and global business, and the efficiency of capital use is already very high... "

"..." Qu Li raised his head and looked at Brady. He really didn't expect Brady to be so impatient. This kind of praise and derogation made him feel uncomfortable.

"Shopee is developing so fast, and the profit margin seems to be higher than that of the Chinese market. Why doesn't Jumei focus on the international market?" Schmidt asked his doubts

"The US market has Amazon, Wal-Mart, and eBay. With the rise of FB, we can occupy 5% of the market share in the US, which is the limit. Shopee's major EU countries and Japan and South Korea may achieve more than 10%;

However, there is no oligopoly in China's e-commerce market, and we can occupy 30% to 50% of the market share. Although the profit margin is low, the development potential of the e-commerce market exceeds that of the United States, and it is a good basic market..." Qu Li calmly explained

After listening to Schmidt, he had a new view on Qu Li, a young man. Maybe Jumei is really a good company.

"Is it possible for Jumei to sell?" Schmidt asked

Qu Li glanced at Lin Bing, this matter is too exciting.

"I want to build an Internet technology company that can rival Google..." Qu Li did not hesitate, nor would he give Lin Bing a chance to waver.

"That's a pity." Schmidt said regretfully.