Reborn Entrepreneurial Giant

The supply chain is a very broad thing. Walmart's 300,000 SKUs (stock keeping units) are already the pinnacle of traditional retail companies, but Amazon has 350 million SKUs. In the world's factory base camp, Aligoudong is no less than Amazon.

There are hundreds of millions of commodities. If traditional retail companies are doomed to fail, they will have to rely on informatization. Even so, they will still limit self-operated SKUs, probably not more than 1 million. Don't think that there are very few, no matter Amazon or Goudong, a traditional art can refer to third-party sellers, if it sells well, it will be self-operated, and if the profit margin is high, it will be an independent brand.

Of course, this is easy to be criticized by others, but it is the rules of the game among peers in the industry. No one who sits in this position will give up such a good method that is easy to learn and easy to make money.

Qu Li didn't pay attention to these things. He asked Zhang Wensong, who was transferred back to the headquarters from Juyun Technology, to be responsible for developing the information flow and personalized recommendation system, which is the "thousands of people and thousands of faces" on the mobile phone.

"The mobile phone screen is so big, so it must be redesigned, taking into account the user's network usage, reducing the image resolution when using traffic, and considering the network speed when using WiFi. The most important thing is of course the stability, smoothness and security of the application. ..."

"Consumers often don't know what they need, so we need us to help him discover his needs, such as automatically linking milk powder when buying maternal and child products; it is also necessary to judge a person's consumption level and consumption habits, male users, forget it Speaking of male users..."

Although Qu Li can't develop programs, he can determine the design ideas and let them know where the direction is. It doesn't matter if he can't do it now, anyway, he is not the one who suffers. Mobile app development is on the agenda, it's obvious.

With the mobile shopping app, even if Shopee sends all the traffic on the PC side to Google Shopping, how much impact will it have? Taobao Goudong’s mobile shopping accounted for more than 99%, and Amazon’s future mobile shopping accounted for 69%, so Shopee is not losing money.

Shopee is not at a loss, FB is at a loss. Zuckerberg is not very happy about the cooperation between Google and Shopee. Originally, Xiao Zha wanted to be a social e-commerce shopping platform, but the business development is too fast, he is too busy, and he lacks experience , Shopee did not cooperate and did not do it. Well now, Qu Li gave up FB and chose Google, is he looking down on him or FB?

Qu Li communicated with Xiao Zhatongxie via email, and expressed his thoughts. Google China has more than 700 senior talents, and he can retain more than 600 people. This can make Jumei change from an e-commerce company to a technology company. For example, he is now Great emphasis on cloud computing.

"Cloud computing may become the Internet infrastructure in the information age. Amazon, Microsoft, and Google all have similar businesses..." Qu Li tempted Xiao Zha in the email. He went to Japan, South Korea, the European Union and Southeast Asia to develop markets.

After several email exchanges, Qu Li got to know some of the situation on FB, and made some suggestions to each other, which can be regarded as an exchange of sympathy between peers. The development of FB can not be said to be smooth sailing, but there are not too many difficulties. The global users are close to 400 million. MySpace, which was controlled by News Corp., the biggest competitor in the United States, has fallen behind.

"Google wants Brady not necessarily for Google shopping, but also for Twitter." Zuckerberg gave Qu Li a reminder in the email.

"..." This is something Qu Li never thought of. Accepting his entrustment, Brady became a member of Twitter's board of directors. The term of office is three years, and it certainly has not expired now.

The popularity of Twitter in Silicon Valley is second only to FB. After Sequoia and other organizations joined, Twitter has become more standardized. There are about 150 million users worldwide. The growth rate of users once surpassed Facebook, which put a lot of pressure on Zha.

In 2008, Facebook tried to acquire Twitter. Last year, Google planned to acquire Twitter, but was rejected by Twitter management. Twitter is now planning to open a new round of financing, with a valuation of about US$3 billion. Although it is far less than FB’s valuation of about US$15 billion, this growth rate is already very fast.

Of course, it is not all good news. Facebook has increased its investment in the mobile terminal, other competitors are imitating, and there is still an unclear profit model.

No matter who wants to acquire Twitter, Qu Li’s long-term investment cannot be avoided. Up to 15% of the shares are the largest investor after the founder. Yahoo’s personal investor Yang Zhiyuan is also likely to promote Yahoo’s acquisition of Twitter . However, Yang Zhiyuan was kicked out just now, and now he wants to make contributions, it should not be an easy task.

Qu Li wanted to intervene in Twitter's affairs at first, but it was too difficult. A group of Americans would let you, a middle-aged woman, control their public opinion. I thought too much, unless you were Jewish. Yuan Jing may have a seat on Twitter's board of directors, and specially arranged for an American to go. He originally wanted to arrange for Lu Qi to go to Facebook, but he is Chinese, and Lin Bing is American, but his popularity in the United States is too low. In short, Xiao Zha repented.

It’s okay, anyway, Vision Investment’s shareholding ratio is only 3%. It is a minority shareholder. It saved Facebook and Tesla one after another, and invested in Twitter. It is well-known in Silicon Valley, and it successfully launched a venture capital project in Silicon Valley , and has not been rejected by entrepreneurial teams in Silicon Valley.

Eros’s DST missed Facebook, and it is still unknown in Silicon Valley. No, Gao Ling and DST invested in Jumei, and earned 5 times in less than a year. This has been widely spread on Wall Street and A-shares. Dinghui and Victoria Harbor also enjoy the same treatment. As for the first few venture capital IDG and Sequoia, they also gained both fame and fortune.

There are also Dadongzi and Capital Today. Because of Jumei’s share swap acquisition, Dadongzi holds 5 million shares of Jumei, which is second only to Qu Li, Lin Bing, and Chen Danlin. It is now about 250 million US dollars. He himself Still very happy.

Some domestic technology media commented that 2009 was the year of jumei, which emerged suddenly when traditional industries were at a standstill and became a representative of the Internet economy. Some people also say that 2009 is the year of Quli, because Glory has achieved even greater achievements, and its annual revenue exceeded US$10 billion in less than three years after its establishment. All these achievements are related to Qu Li.

Qu Li's influence in China at this time is faintly surpassing that of Taobao, Baoyun, and even Time Magazine can't ignore him. After he refused to shoot the cover of Time Magazine's Asian edition, the US edition took the initiative to come to him, so let's do it. Who in this world does not chase fame and fortune?

Of course, there will be interviews for taking pictures. They are all clichés. Qu Li has repeated them many times. This time, he just repeated them again. For example, his relationship with Vision Investment. Qu Li said: He was the most important investor in the early stage of Vision Investment. , He contributed to Envision's investment in Facebook and Tesla.

The reporter of Time Magazine asked him to make a summary of himself, Qu Li said: "Lucky"

"At first I just wanted to be a fast-fashion clothing e-commerce company, but with the help of Mr. Ma Yun, the founder of Ali, I stepped onto the central stage and let tens of millions of people across the country know me. Then there is Mr. Qiaobosi, who is He invited me to participate in the iPhone launch event, and then met Mr. Schmidt, otherwise I would probably not establish the Honor brand until after the establishment of the Android Alliance. Without the support of Google, it is difficult for Honor to gain the trust of suppliers..."

"So I feel very lucky. In the early days of my growth, I was able to meet the best entrepreneurs in the two countries, which opened my horizon..."

Soon after, Qu Li appeared on the cover of the US edition of Time Magazine, with the headline "A Lucky Entrepreneur"