Reborn Entrepreneurial Giant.

Chapter 291 Google acquires Shopee?

Apple has carefully considered how to attack Honor. This Chinese company is really terrible. Nortel Networks obtained patent authorization in advance before going bankrupt, paid patent fees to Nokia, Warwick, etc., and made arrangements for patent issues early on. The iPad has not even appeared, so what qualifications does the Gpad have to be on the market?

Seeing that Nokia is unable to stop the rise of Apple's iPhone, Honor and Quli are making progress every year and are becoming more and more difficult to defeat. Should we use some connections to ban the sale of Honor in the United States?Even if it doesn't need to be successful, it just needs to make operators reconsider their cooperative relationships.

The iPhone has not cooperated with Qualcomm and can only produce mobile phones in the WCDMA standard, while Honor can produce CDMA2000 and TD, and can produce the three mainstream standards in the world.The two companies unanimously abandoned Wimax, which was dominated by Intel. Currently, it is only used by operators in Bay Area. They are indeed filial sons and grandsons.

Honor, which is not short of money, has been making up for its shortcomings by acquiring iPhone-related smartphone patents in the European Union, including various software and hardware, such as the nine-point gesture unlocking patent.

Doubts about HonorgPad from the outside world have not affected its sales. There are many review videos on YouTube that fully demonstrate the advantages of gPad.It has not been officially sold yet, but 7 units were sold through pre-sale on the Shopee platform in 10 days, which is far inferior to Apple’s historical sales of 30 units a day. Honor’s brand influence is not enough.

But Shopee first launched group purchases and then pre-sales. The innovative vitality it displayed once again made everyone at Google see the hope of making its e-commerce business bigger and stronger. It makes no sense that what a Wai Guo Keren can do well, they Americans cannot do. All right?

Lu Qi and Lin Bing rushed to North America to discuss the acquisition of Google Zhongguo and the transfer of Shopee. Compared with Jumei, Brady and other American executives obviously trust Google more.

Search is a good business. Baidu’s gross profit margin has remained around 60% for a long time. You can imagine how profitable it is.It is conservatively estimated that Google Zhongguo can bring Jumei a net profit of more than 10 billion soft sister coins in the next year, which is of great significance to Jumei and Juhuasuan, which requires a lot of funds for development!If Jumei had not gone public, he would have agreed to most of Google's requests even if he had to kneel down. But now that Jumei has gone public and has stable financing channels, the cash flow brought by Google's investment has become much less important.

"It is a high probability event that the domestic search engine market will grow tenfold in ten years..." Qu Li gave his own judgment. In 2020, the size of China's search engine market will exceed 1000 billion.

"It's hard to say for overseas e-commerce. There are many difficulties we need to overcome, but I think Zhongguo may become the world's largest e-commerce market..."

Lu Qi couldn't make a judgment, so he talked about the data he had obtained: "Shopee's fiscal year 2009 revenue may exceed 15 billion US dollars, and Honor mobile phones contribute nearly one-third. Jumei Juhuasuan's domestic self-operated sales are about 200 billion soft sister coins. Third-party sellers sold 250 billion..."

2008财年Shopee收入大约是国内的一半，到2009财年情况差不多，变化最大的是第三方卖家。可惜远远不如淘宝，2007年淘宝平台卖出433亿的商品，2008年约有1000亿。聚美2009财年国内部分450亿的销售额刚好超过淘宝2007的433亿。

陆奇预测聚美2009财年大约能够有300亿销售收入加10亿佣金加30亿左右的物流收入还有日月风华在国内外其他平台约10亿的销售收入，总共350亿的营收，是上一财年90亿的3.9倍，是亚马逊2009年财报的五分之一。亚马逊市值约400亿美元了，聚美市值不到60亿美元，算是被低估了吧？

Several people talked about it, but no one said they wanted to give up Shopee to Google, and no one said they didn't want Google to invest in it.Even a well-informed person like Qu Li couldn't find a reference point. It was difficult to judge whether such a transaction could be successful and whether it was worth it.

In an anxious mood, I met Schmidt and Google again. The two parties exchanged financial data of the two companies, and then entered the communication session to test each other's sincerity.

Google Zhongguo's revenue in 2008 was about 14 billion, and it increased in the first half of 2009 to about 9 million soft sister coins. The increase is astonishing and the gap between whiteness is not very big.However, the salary income of Google’s 700 employees far exceeds the domestic average, and the cost is very high. The annual revenue in 2009 was approximately 22 billion, and the net profit was pitifully low.

"If we acquire Google Zhongguo, will we be responsible for the Android application market or Google?" Qu Li naturally has to figure out the scope of business sold by Google.

"App store?" Schmidt hesitated. Logically speaking, their conflict with China is not that big. Microsoft is getting better and better in China. As long as Google's team can lower themselves, it shouldn't be a problem to stay in China. At most The market share is not large.Corporate culture must be an important consideration in their decision to abandon the Zhongguo market, followed by their lack of optimism about the Zhongguo market.

If Google executives really know that China can cultivate several Internet technology companies with a market value of hundreds of billions of dollars, they will never give up Google's investment so easily. From this perspective, Microsoft's long-term strategic vision is really tough.

"It can be considered, but Google executives cannot use the Google brand..." Schmidt

"..."

This is damn arrogance, damn Google culture, Qu Li wants to stand up and leave directly, but does Google search without the Google brand have no value?In the final analysis, it is still a matter of money. It depends on whether Google wants to acquire Shopee or take a stake.

"Shopee is customer-centric, reducing product selection at the expense of providing consumers with high-quality and low-priced products. Sun and Moon Fenghua is the main supplier..." Brady introduced the development and layout of Shopee. Because there are few choices, it can By reducing costs through large-scale centralized purchasing, most of Shopee’s products are cheaper than Amazon, especially when brands don’t focus on high-selling products.

Because there are fewer types of products, there is less pressure when developing international sites. Jumei can also accumulate experience to establish an international procurement network and expand the overseas shopping market.

"Shopee could have developed faster. The main obstacle limiting our development is funding. Establishing a global warehousing, logistics and distribution system requires a large amount of capital. Jumei has to take care of both China and global business, and the efficiency of capital use is already very high... "

"..." Qu Li raised his head and looked at Brady. He really didn't expect Brady to be so impatient. These words that seemed both complimentary and derogatory made him feel uncomfortable.

"Shopee is developing so fast and its profit margin seems to be higher than that of the Chinese market. Why doesn't Jumei focus on the international market?" Schmidt asked his doubts

"The U.S. market includes Amazon, Walmart, and eBay. With the rise of FB, our market share of 5% in the U.S. is the limit. Shopee may achieve more than 10% in major EU countries and Japan and South Korea;

However, there is no oligopoly in the Chinese e-commerce market. We can occupy 30% to 50% of the market share. Although the profit margin is low, the development potential of the e-commerce market exceeds that of the United States. It is a good basic market..." Qu Li's calm explanation

After hearing this, Schmidt had a new view on Qu Li, a young man. Jumei might really be a good company.

"Is there any possibility of selling Jumei?" Schmidt asked

Qu Li glanced at Lin Bing, this thing is so exciting.

"I want to build an Internet technology company that can rival Google..." Qu Li did not hesitate and would not give Lin Bing a chance to waver.

"That's a pity." Schmidt said regretfully.