Reborn Entrepreneurial Giant

The huge value of the WeChat traffic portal, in addition to its own use, is also allocated to cooperative companies, such as Meituan, which has played a huge role in promoting the rise of Meituan, but it is certain that it will not be reconciled, so there are many attempts now.

Time's live performance ticketing is ranked first in the country. There is no way. WeChat has too much traffic and is too convenient to use. Moreover, there has been no profit pressure for so many years. Its service level is well-known. It has participated in organizing and planning many activities, such as music Festival, drama festival, drama festival, etc., the quality is still very high.

Time Movies is also No. 1 in the industry. There is no other way. From cinemas, theater chains to online ticket purchasing, Time Movies provides a one-stop solution. Coupled with the growing wealth and wealth in the past few years, the traffic of WeChat, even if it is a price war, Meituan Maoyan, Taopiaopiao, etc. cannot win and can only be used as a supplement to their group buying business.

Then there is Kuxun, which is closest to the number one in the industry. Train tickets and other services can only attract traffic but cannot make money, but the hotel and B\u0026B business can really make money. Qu Li's approach has always been simple and direct, opening up the entire supply chain and providing hotel management software plus WeChat payment for hotels in third-, fourth- and fifth-tier cities to solve the problems they encounter in informatization, including but not limited to on-site teaching.

In order to seize the market as soon as possible, we also launched the explosive mode, trained a large number of teams intensively, and then distributed them to various regions across the country to provide good services, starting with the demand for hourly housing around schools and hospitals.

Kuxun’s big move shocked group buying websites such as Meituan and Dianping. They thought that Shiguangjumei was coming to grab business, but in the end they found out that it was competing with Ctrip. As an established OTA company, they have obvious advantages in high-star hotel resources in first- and second-tier cities.

Kuxun is much worse than Ctrip, but it is much better than Meituan, Tongcheng, etc. Now it has established a homestay business and exploded after receiving financial and traffic support. It lacks high-end resources and is still a little short of Ctrip's acquisition of Qunar, but it is already ranked second in the country.

The transaction volume of Kuxun's air tickets and hotel travel business exceeded 150 billion last year, and its revenue was close to 10 billion, which has increased more than four times compared to 2015. Although it is said that it was accumulated over time and contributed to it by various factors, if this growth rate is not an exaggeration, Qu Li would have slapped them.

Therefore, at the annual meeting of Time Jumei, Chen Liang, the person in charge of Kuxun, became the one who received the most commendations. He began to accept media interviews this year and became another rising "star" under the Time Jumei system.

But Shiguang WeChat is still not satisfied. Considering that WeChat's valuation exceeds 10 billion US dollars, if WeChat's revenue ceiling is 100 billion, it is somewhat unrealistic. So we still need to think of more monetization channels, such as games.

Time Games rejected Kaixin.com’s acquisition last year. Guo Tao, who was preparing to return to Xingsha for retirement, obtained more authorization. Luqi was preparing to acquire League of Legends. However, Jinshan, whose performance had soared, did not want to let go of this Jinshan. Last year, it acquired it in the form of stocks and cash. League of Legends.

Time Game focuses on leisure and card games. It is naturally dissatisfying to be so unwilling to make progress. Coupled with Qu Li delegating power, Lu Qi and others put a lot of pressure on Guo Tao, so they developed a large-scale MOBA boutique game called "The King" "Invincible", there are many traces of imitating League of Legends, but this is not important, anyway, after success, it can be washed away.

There are many domestic companies that imitate League of Legends, and Goose Factory also has similar mobile games. However, the success of a country requires luck, and companies need it even more. Goose Factory, which has been frustrated many times, this MOBA mobile game was released the year before last, but it did not break out last year.

Time's "The Invincible King" was released in the second half of last year. It was diverted by WeChat and quickly became popular. Qu Li thought about it carefully. He didn't seem to be involved in the development of "The Invincible King". How could it be successful?

Ah Li has Thirteen Arhats, Goose Factory has Five Tiger Generals, and there is nothing Baidu doesn’t know. However, when domestic financial media reporters evaluated Time Jumei, they initially said, “Advisers are like rain, and fierce generals are like clouds.” They felt it was inappropriate to change it to “Xian Yun”. "Collection of talents"

Some reporters said when evaluating Time Jumei that it is "terribly powerful", "Time's e-commerce business is not as good as Taotian and Amazon; search is not as white as Google; social networking is not as good as Facebook; cloud computing is not as good as Amazon, and games are not as good as Goose Factory and NetEase. . But as an Internet company with no shortcomings, coupled with the endless talent advantages..."

The beauty of time breaks out from time to time, the glory is so powerful that there are no competitors, and the future is unstoppable. "Qu Li" has too many auras. "His existence itself is a powerful deterrent."

When the storm subsided, someone spoke for Qu Li in the blink of an eye: "No one in China wants to be Qu Li's enemy, and I don't think there will be anyone abroad."

He can still be successful across multiple industries. Who would believe that Qu Li is not a living legend?

Where is Qu Li? I didn't attend the annual meetings of several companies, but I still showed up after the Spring Festival. It's a good thing to gather beautiful talents with time, but if the rewards are not in place, it will hurt people's hearts. Fortunately, Qu Li has always been very optimistic about equity incentives after possessing super voting rights, so a large number of employees receive stocks every year, and some even get excess rewards, such as stock options that are more than ten times but not more than a hundred times the average annual salary.

Chen Liang of Kuxun will definitely receive a big award this year, and there will be no shortage of outstanding Guo Tao next year, including Dadongzi, Xu Lei, Lu Cheng, Huang Zheng, Jiang Fan, Jing Xuwen, Du Jiuming...

Time Jumei reassured him that there were too many masters who could fight. Qu Li officially told the senior management of his decision that he would step down as chairman at this year's shareholders' meeting and reorganize the board of directors.

"Tianming, I think it's better to think about it again. Now is a critical period..."

"I know, but time has gathered many talents, our team is good enough, and the external challenges and pressures are great enough. It is the best time to establish a good system so that we will not compete for power and profit..." Qu Li said bluntly To be honest, there must be conflicts among senior executives within Time Jumei. He suppressed them before, so people kept showing up. In the future, without him suppressing them, we can only rely on the system.

"What if the external pressure is not enough?" Some people think that Chuangpu is a good person and there is not much conflict between the two countries.

"Nothing is perfect, so just accept our mediocre reality. Let's go our separate ways and be well." Qu Li's super voting rights are still there. He is afraid of being a bird and has lost control. If he gets it back, he is not. If he really wants to When there is nothing you can do, it is probably due to force majeure.

"Don't let Time Jumei become a local area network company. Don't rush for success. We must adhere to long-termism and do more basic research. We must have ideals in our hearts and don't forget to be down-to-earth." Qu Li has some hard-to-let-go feelings.