Reborn Entrepreneurial Giant

The total domestic e-commerce retail sales have increased to 5.2 trillion, with Ali Taotian and Shiguang Jumei occupying almost 90% of the market share. The share of the two companies has remained roughly at 2:1. It can be said that although Jumei Juhuasuan keeps making moves, the Taotian team is strong.

Jumei's cost-effective GMV is about 1.6 trillion. Even if Shopee's US$27 billion is included, it is still not as good as Taotian. However, the GMV of Jumei and Juhuasuan are roughly the same.

Others such as self-operated, cloud search, logistics, Time WeChat, and Xiaohongshu have all grown to varying degrees, with operating income exceeding US$150 billion. The specific figures are still being calculated, but it is definitely far more than Amazon's US$136 billion. As for net profit, there is no problem with the profit, but it is hard to say how much it will be. One billion or eighty billion is profit, and there is no need to pay attention to this for the time being.

Time Jumei has not only surpassed Amazon, but also surpassed Honor, becoming the largest private enterprise in the country, and its revenue scale will continue to increase in the foreseeable future.

Of course, these increases are related to the statistical caliber. Whether Jumei’s third-party revenue counts as Jumei’s revenue? In order to reduce its influence, adjustments will definitely be made this year. Only platform purchases are considered self-operated. Even if it is a private brand, if it is not a platform Procurement is not included, including the income from Jumei logistics warehouses operated by Jumei.

The Jumei platform has a revenue of 800 billion, of which 50% is self-operated. This can reduce the revenue by 60 billion US dollars. However, if it decreases here, it will increase elsewhere. Jumei’s revenue can be controlled at about 120 billion US dollars. Will be slightly lower than Amazon. Boss Jia can do the accounting, and Time Jumei allows the data to more accurately reflect Jumei’s real operating conditions, and at the same time improves the company’s profit margin.

You must know that the profit margin of 15% for selling goods is very high. As the advertising fees and commissions collected by the platform, the gross profit margin will be as high as more than 70%. After Ali's business expansion, it was still able to maintain a gross profit margin of about 40%.

As for Honor, its annual revenue is about 150 billion U.S. dollars, but its net profit has not grown much. It is about just over 20 billion U.S. dollars, less than half of Apple, and even worse than Samsung Electronics. This is related to the increase in various investments in R\u0026D, channel construction, and overseas markets.

After the speech, Qu Li still stayed in Yangcheng and continued to prepare for his departure. He should not allow capital other than him to control the board of directors, but also allow the company to grow healthily. At the same time, some procedures were completed, such as donating most of the Bitcoins held by Honor and Time Jumei to the Fanxing Fund, and Qu Li personally transferring them to the Tianming Fund. The future is stable.

The price of Bitcoin has risen to more than $3,000 in recent years. If there is a need, there is a market. This thing is just suitable for some gray transactions. As long as these organizations need it, the value of Bitcoin will exist.

Qu Li holds close to 1 million Bitcoins, and is definitely a giant among giants. The value of this part is about 3 billion US dollars. Of course, if he wants to cash out, there is a high probability that he will not be able to find a taker, and he will not be willing to take over even if someone takes over.

It is conceivable that with Bitcoin in hand, many things can go smoothly in many countries. The key is that the cost is as low as close to zero. As long as they do not revalue this part of "wealth", there is no need to reflect it in the financial report.

Qu Li certainly did not hold these Bitcoins for cash out, but to use them as a stepping stone at a specific time point. I won’t go into details. Some people say that gold has no value and that Bitcoin is not as valuable as gold. This is correct. It is not a good thing for ordinary people to hold too many Bitcoins. As long as others know about it, some special groups just have needs...

Bitcoin is a kind of special asset. Large companies definitely have demand for it, but the number and frequency of use are relatively limited. After all, legal and compliant operations are the right way. The existence of Bitcoin is just an acknowledgment that the world is not perfect yet.

It's the end of the Lunar New Year, and I still have to take stock of my "private money." The wealth of Glory and Time Jumei belongs to the "public" Fanxing Fund. If you want to use the money, it is more convenient to go through Tianming Fund.

For example, Qu Li's private jet was eventually registered under the name of Tianming Fund. He did not use Honor's jet, and restricted the reimbursement of various expenses by Time Jumei and Honor executives. If the leadership of a company begins to enjoy themselves, the team's effectiveness cannot be guaranteed. Companies like Apple require money, money, and technology, but they haven't built an electric car until 2023. It can only be said that their team has begun to deteriorate.

Apple is backed by the U.S. Empire, supported by national power, and has cash flow that is as rich as any other country. Its high income brings the best talents in the world, and it also has the brand appeal of religious beliefs. They have dozens of more opportunities than other companies. times. Instead of worrying about Apple, it's better to worry about yourself.

However, Qu Li is not afraid of Apple either. The world and the earth are united in time, and heroes are not free when they are transported. Chinese history has long told us that when a seemingly great empire really encounters the collapse of the Great Xia, it is difficult for someone to turn the tide. . For example, in the late Qing Dynasty, China's overall strength was not bad, but it was at the mercy of others and had no power to fight back.

As long as Qu Li can still control the time to gather beauty and glory, he will definitely insist on changing the management level, maybe in 20 years, maybe in 25 years. So he established the Fanxing Fund, allowing some outstanding people to join the Fanxing Fund to continue to shine for technology and charity, and also to give them a decent face. Maybe Fanxing Fund may become an institution similar to a "senator", I don't know for sure.

Tianming Fund mainly invests in stocks, focusing on U.S. stocks such as Nvidia, Netflix, Microsoft, Apple, Amazon, Google, etc.; as well as Japanese companies Sony and Itochu; European luxury goods companies such as LVMH, and companies such as Infineon, Spansion Semiconductor’s stocks, as well as Yinghe Telecommunications, Yinghe Real Estate, and Fenghua International Mian (Shein), are indistinguishable from each other’s industries.

Chen Danlin is very diligent in selling clothes, and she is not short of money when she becomes famous. Qu Li is often away from home, so he can only devote his energy to his career. He supports an annual event called "National Style Ceremony" and holds Hanfu catwalk events across the country. . Later, I planned to learn from Japanese fashion shows and add models that are more in line with Eastern aesthetics in this event.

This is hard to make Qu Li happy. If you don’t have the right to explain “beauty”, it will be impossible to become a real fashion trend and it will be difficult to become a high-end clothing brand.

Danlin is considered a fast fashion brand and is still opening stores across the country. High-end brands such as Yueji and Huashang are still in the trial stage, but Qu Li believes that Chen Danlin is on the right track. Even if she is wrong, she still has Shein, which has a very high success rate. project.

It's a pity that Shein may not be as successful as in its previous life. Tan Lijun and Vanke's finished product rely on the path opened by Time Jumei to rush into the international market. Shein will have more and more competitors in the future.