Reborn Entrepreneurial Giant

When I returned to Xingsha, I was caught up in many trivial matters. The poverty alleviation meeting was successfully held, various things were arranged, and I still had to work on the future. By the way, I learned about the internal development of Glory and Time Jumei. Different from the sound management system of the Chrysanthemum Factory, the establishment The two companies have maintained rapid development in the past ten years. Even if there are no problems with internal governance, he himself does not believe it.

However, Qu Li spent a lot of money to hire a consulting company. There will be no problems with the overall structure. The key is personnel, that is, team building. There were too many mercenaries in the two companies. Many of them did not obey Qu Li at first. They were restrained by his institutionalized procedures. Over time, loopholes would definitely be found, so they used a job rotation system to destroy their mercenaries. foundation.

By 2018, various competition patterns have gradually stabilized. Enterprises are no longer developing at a high speed, the flow of personnel has slowed down, and the phenomenon of personal dependence has become serious again. We have also encountered an unprecedented trade war, the market environment has become complex, and people's hearts are turbulent. It is inevitable.

Qu Li put down his work this year and traveled around most impoverished areas across the country. Those beautiful pictures were publicly released, and those "poverty-stricken" scenes were posted on the company's intranet. He observed and learned at the same time, often like keeping a diary. I write some articles on the intranet, and the assistant is responsible for the content on the public website.

Qu Li, who plays a candid character, often exchanges ideas with them on the intranet, such as his views on the trade war. In order to gain more support, the beautiful country may launch a proxy war in Europe. They must be prepared to fight a protracted war and the final outcome. Bad preparations, such as being forcibly confiscated, purchased at a low price, banned from trading, etc...

It's just that one person's energy is limited after all. Fortunately, he has an assistant and a staff team, and through the collective efforts of Fanxing Fund, he indirectly controls part of the personnel rights of these two companies, so he can make fine adjustments.

In general, Qu Li's control over the two companies seems to be increasing instead of decreasing. However, the importance of the two companies' intranets has become very important. If someone controls social media again...

This probability is still very small. The forum uses blockchain technology and is difficult to modify. As for the personalized recommendation algorithm, it is currently not allowed to exist on the company's intranet.

At this time, Qu Li was putting his energy into the construction of corporate culture and human resources. After all, the company's operation and management were already quite complete and there would be no further adjustments in the short term. Not only that, this year he also asked Lu Qi and others to prepare for the winter. Be prepared and stockpile as much talent and cash as possible.

In the past ten years, Time Jumei has issued US dollar corporate bonds and grown by relying on extremely low interest rates. The interest rate on 10-year corporate bonds has remained within 3.5%, and the total scale has exceeded US$15 billion. But since 2015, the Federal Reserve's interest rates have increased from zero to about 2.25% now, and the cost of bond issuance has risen sharply.

Amazon's corporate debt scale is several times larger than that of Time Jumei. It is said that it developed 16 billion US dollars of bonds to acquire Whole Foods Market. They have obtained low-cost funds from the capital market for a long time. This is the underlying logic of Amazon's development and growth.

Domestic Internet technology companies can also use US dollar corporate bonds. Of course, few companies have this ability. For example, Ali issued US$8 billion in bonds in 2014, with a 10-year interest rate of 3.4%. Another negative case, Hengda, issued US dollar bonds at an interest rate of over 13%, but it is said that most of them were sold to big bosses.

Time Jumei's borrowing costs are lower than the interest on long-term treasury bonds, which strongly supports their development and makes the strong stronger. It has created an investment myth of 500 times in up to 10 years for US stock investors, which is the cornerstone for them to resist market risks.

Domestic retail giants such as Gome and Suning have absolute disadvantages in terms of talent, capital and technology, and are simply vulnerable. Therefore, the rise of Pinxixi can almost be called a miracle. They have broken the rules.

In comparison, Qiancheng is the most difficult. Tesla found that the interest rate on corporate bonds in the United States is about 5.25%. If Qiantu wants to issue US dollar corporate bonds, it will most likely be at this interest rate. It is better to find a way at home. The China Development Bank can provide low-interest loans, and the Honor Company, which is not short of money, can also do it. Honor, which has a lot of cash, has purchased many corporate bonds with interest rates of less than 5% for Qiancheng.

Qu Li, who is not short of money, is familiar with the saturation attack method. What he could have done with 10 billion originally, he spent 15 billion and could add more. This is true in all aspects, ensuring that what he wants to do will be successful. For example, Qiancheng Geometry's self-operated lithium iron phosphate battery is a project that cannot fail.

However, it is quite difficult to combine their dagger battery and chassis. Qu Li was the first to understand the Fuyao 2.0 architecture. This upgraded car architecture covering all models can now be officially announced.

The first Fuyao 2.0 architecture is a mid-size sedan that will compete with the Toyota Camry and will be unveiled at the Shanghai Auto Show next year. By then, concept models such as Geometry G6, medium-sized off-road vehicles, medium- and large-sized MPVs will also appear at the same time. Therefore, the expensive publicity work will be concentrated until next year, and Qu Li will do the free publicity himself.

The reason why Qu Li insists on making it clear what Qiancheng Geometry wants to do is to give consumers a reason to believe in them and choose them. For example, why are cars with huge futures so trustworthy? Because it took Qu Li more than ten years to realize everything he boasted about, proving his long-termism. A car with a promising future may not be the most cost-effective, but it is certainly the most trustworthy.

This is different from a car empowered by a certain factory. It only takes two or three years to break the rules of the industry and become far ahead. The level is simply breathtaking. Every step of the future is down-to-earth and reassuring.

Just like self-driving, Qu Li announced that he would do this earlier than Musk, but 5epic.com officially launched this function on the market nearly two years later than Tesla. This has good and bad consequences, and Tesla self-driving appears frequently. Various traffic accidents have led European and American countries to restrict Tesla's promotion of "fully autonomous driving" functions.

Qu Li's radicalism and conservatism appear at the same time. It is difficult for overseas consumers, financial reporters, and various research institutions to understand this, until someone popularizes it online. This is the Taoist "Tai Chi" thought, and everything contains yin and yang. The explanation of physical philosophy is the fundamental law of matter: the unity of opposites.

After such an analysis, what Qu Li did was very normal, at least more normal than Musk. Even though they were both talking about "first principles", no one knew who came up with it first. It was like refreshing Microsoft. Nadella, the "empathy" he emphasized at Microsoft, is what Qu Li has repeatedly emphasized in China, as well as "empowerment" and "middle-level organization". These are all the management ideas Qu Li is exporting to the outside world.

Domestic and foreign professional media have praised Qu Li a lot, allowing consumers at home and abroad to easily understand the logic behind the success of Future Geometry: product first! Three pure electric vehicles were designed in 10 years. This strategic persistence is enough to convince domestic and foreign consumers that they will not compromise on product design and manufacturing!