Reborn Entrepreneurial Giant

The China Railway Express is of great significance. The earliest trip seemed to be proposed by Hewlett-Packard, and with the cooperation of Chongqing, it departed from Chongqing in March 2011. For a long period of time, the imperial courts in various places subsidized the whole freight, and the subsidy amount generally exceeded 50%. In some places, the goods were picked up for free within a range of 1,500 kilometers in China.

If Jumei’s Shopee business can develop, the China-Europe Railway Express will be an important capacity supplement. It can become an important transportation method for Glory to the EU region, and it is also the main way to import time-sensitive products, such as milk originating in Europe. The operation is good, and it can be sold in China after one month of production in Europe.

After discussing these tasks, Qu Li continued to talk about Jumei's issuance of US$1 billion in bonds, and his personal desire to donate 20 million shares of Jumei shares and obtain super voting rights. Not long ago, he formed an idea after discussing with his friends during his New Year's Eve speech.

For Glory to be listed, the equity incentive plan needs to be further implemented. Some do not need to pay, some need to pay, and Qu Li personally wants to donate 5 million shares to the core employees. The small partners of this company discussed this matter.

The 5 million shares are worth 1.75 billion U.S. dollars based on the value of this financing, and they are all given to the employees. Even if they are reserved for the employees in the future, it is a bit extravagant. Zhou Shaoning gave up 10 million shares before leaving, and 5 million were taken away by several venture capital investors The remaining 5 million is used for equity incentives for high-end talents such as Lei Jun, which is enough for Lei Jun, Zhang Yaqin, Su Zifeng and others to share.

"Then I'll add another 5 million to make up 10 million shares to set up a public welfare scientific research fund." After thinking for a long time, Qu Li came up with an improvement plan.

"Why do you have such an idea?"

"Most of the direction of our company's scientific research is for profit, but the progress of human beings and society should not only focus on profit. I want to do things that will not make money in the short term but are useful to the entire society, such as Internet plus agriculture, Internet processing factories, as well as biological, medical, food safety and so on.

We have entered the information age, and wealth is accumulating so fast, will the gap between the rich and the poor in the whole society intensify, and will hatred of the rich break out when the domestic economy stagnates..." Qu Li talked about his thoughts frankly.

The outbreak of some phenomena is inevitable in the domestic education environment. Textbooks clearly explain that capital exploits working people, but they do not say that enterprises can create wealth. Many people indiscriminately believe that the rich are the original sin.

After hearing this, everyone understood what Qu Li meant. One was for ideals, and the other was to avoid risks. These two things are not easy to evaluate, and I can't say the reasons for objecting at the moment.

"One more thing. I want to donate 20 million Jumei shares, but I don't want to lose control. Is it possible to get Jumei's super voting rights now?"

"Why do you want this power? Are you still worried about..."

"I don't care much about my wealth and power in Jumei, but Jumei may become a retail giant with great influence when it grows bigger. In the conflict between the two countries, I have to guard against it. Wall Street Capital."

"Vision investment is unreliable?"

It was only then that Qu Li remembered that Vision Investment still had 20 million shares of Jumei stock.

"Reliable, but uncontrollable." Qu Li did not elaborate

"You can try."

This is not an easy task, but it is by no means impossible. Google issued Class C shares without voting rights in 2015. Qu Li is now gaining popularity. Jumei’s market value has risen nearly five times in three years since its listing in 2008. , It seems that there has been a 10-fold increase since the bottom point in 2008. Whether it's personal ability or capital interests, Qu Li is worthy of investors, and there should be little resistance, but he has to convince the company's management, and then the board of directors.

As for how this public welfare foundation operates, what its charter is, and where it is established, these details need to be perfected by everyone.

Obviously Qu Li is a big local tyrant, why are there still workers paying for it? This has to be done from the perspective of human nature. If a thing is done well, there will be no benefit for you, and if it is done badly, there will be no loss. Who cares, so it must be Give them enough credit while making them pay.

Conversely, no matter how humble Qu Li is, the fact that he spends the most money can never be erased by anyone, which can increase his influence in Jumei and Glory, and enhance the sense of honor of the employees of the two companies, just like Chrysanthemum Factory and Ali Many employees are proud of the company, and it will be easier to recruit the best employees in the future, which will form a positive cycle.

At the same time to promote these things, first of all, the privatization of the "Danlin" brand was determined. Qu Li and Chen Danlin paid for it. Where does the money come from, and how is the staff arranged?

Watching Qu Li deal with these matters, Chen Danlin didn't refute, and she didn't know what to think in her heart. Qu Li felt a little distressed, and asked Fenghua International CEO Liu Shulian, who had taken over the "Danlin" brand, to discuss the company's subsequent development.

Jumei's Sun Moon Fenghua was asked to leave Fenghua by Qu Li, so I thought of another name, what a big deal, anyway, there are no "Fenghua" brand products sold now.

Liu Shulian is an "elderly man" of the sun and the moon, and has a good relationship with Chen Danlin. Since Qu Li is willing to spend money to privatize this company, it means that the company still has potential. There will be a series of information disclosure procedures in the follow-up, which is not a big problem. If it is not afraid that someone will make trouble after the "Danlin" brand develops well, it does not even need to be disclosed, let alone exceed 100 million US dollars in revenue.

The three were discussing the development of Fenghua Company, and Lu Qi was arranging the issuance of US dollar bonds, which had been in preparation since the end of 2010. It was officially launched after the financial report was announced, hoping to obtain a better rating and lower interest rates.

Oh, and there is also a general meeting of shareholders. Qu Li will convert some common shares into Class B shares with super voting rights, in preparation for the future issuance of Class C shares without voting rights.

Because of the control of the board of directors, Qu Li, Lin Bing, Chen Danlin and other managements, as well as Vision Investment, hold more than 60% of the shares, basically there will be no substantial obstacles.

The issue of US dollar bonds has been progressing very quickly. The acquisition of Jumei, the heroine of Google, has the possibility of making stable profits, so the credit rating has been upgraded to Class A investment grade, which also means that the 5-year corporate The interest rate on bonds can be reduced to less than 3%, unlike the last issue of corporate bonds where the interest rate exceeded 5%. Baidu issued US$1.5 billion in corporate bonds in 2012, with an interest rate of 2.25% for 5 years and 3.5% for 10 years. Do you think losing the financing channel of Wall Street is good or bad for domestic companies?