Reborn Entrepreneurial Giant.

Chapter 292 Visiting Class

It is not just a fantasy that Google wants to do e-commerce business. They publicly stated in their 2009 financial report that Amazon is Google's main competitor in the future, and then began to get involved in the e-commerce industry and made many attempts.

Facebook also wants to be an e-commerce company. Major American Internet companies, like those in China, want to expand without borders. Unfortunately, only a few of them can succeed. But as far as the parties concerned are concerned, when they are doing a certain business, they must be full of confidence. .

Shopee has emerged suddenly, with excellent team members and a complete organizational structure. Its biggest shortcoming is the lack of money. Even if Jumei successfully issued 5 million US dollars in corporate bonds, investors both at home and abroad know that Jumei is short of money, and lacks a lot of money.

This fact can be known by simple calculation. Doesn't an express delivery network all over China require tens of billions of investment?Or to build a website that can meet the shopping needs of [-] million consumers at the same time, doesn’t it require tens or tens of billions of investment?

Don’t forget that Shopee, supported by Facebook, initially had a large influx of users. After many downtimes, it had to actively limit its development speed and adopt a development method with high gross profit margins.So much so that Shopee has experienced the miraculous phenomenon of high gross profit and low price.

This is not nonsense. For reference, Zappos, the largest shoe e-commerce company in the United States, sells shoes for as low as 48 US dollars. The purchase price of domestic purchases may only cost 48 soft sister coins. With freight and other costs included, the gross profit can still be maintained at around 80%. .

Jumei has Riyue Fenghua who is responsible for the procurement of its own brands and shares part of the profits. It is normal for Shopee to maintain a profit margin of 30%, which is similar to Amazon, and the prices are lower than Amazon.

This is the Shopee data seen by Google. Although it has to develop two major European sites in the UK and Benelux, and a lot of debt has been incurred due to continuous investment, it is an indisputable fact that the key indicators are very good.

"What Jumei lacks most is money, and their level of spending is very high..." Google CFO reported to Schmidt and the Google duo.

"Will there be financial fraud?" Sergey Brin worried

"We don't rule out this possibility, but they don't have much time to prepare. It is very difficult and impossible to make such a complete fake financial report." Google CFO

"How could they do this?" Sergey still couldn't believe it.

"Actually, the key is that Shopee's advertising costs are very low, FB is growing at an extraordinary speed, and they have a good relationship with Twitter..." Google CFO

"It was Qu Li who invested in Facebook twice at critical moments, on the condition that he provide long-term and stable advertising for xyun and Shopee at the price in 08..." Schmidt explained that he learned a lot of inside information from Brady: "So Jumei gave Qu Li an equity incentive of 500 million shares..."

Qu Li's equity incentive was implemented in three years, which was consistent with FB's advertising cooperation agreement. For this purpose, supplementary information was specially submitted to the SEC. However, at that time, Jumei was just a "hot chicken company" and not many people paid attention to it.

“If Google acquires Shopee, will their advertising cooperation agreement with Facebook still be valid?”

"Of course, the subject of the contract is Shopee and not Jumei..."

"Google's traffic is large enough. Even without FB, it won't be a big problem."

“Where is Shopee’s team?”

"The main operating team is recruited from the United States, and less than one-third are transferred from Jumei. Brady is the direct person in charge of Shopee and has great power."

"He himself said that he makes most of the decisions in Shopee."

“What price do we have to pay to acquire Shopee?”

“Why not become Jumei’s major shareholder like Yahoo?”

"Then why does Google want to withdraw from the Chinese market?"

"If we don't give them Google brand authorization, why should Jumei..."

There are endless quarrels within Google, and several people in Jumei also have great opinions on this. According to Google's wishes, Jumei's acquisition of Google's search business requires a change of domain name. In addition to search, music, maps, and email can be retained, but the data It is independent and its business scope only covers mainland China. After all this trouble, even if it gets Google's search technology and patent authorization, how many users will it lose?

"Should I sell it or not..."

Jumei has always been on the verge of extreme operating conditions and its financial situation is tight, so Lu Qi started to increase revenue and reduce expenditures when he took office. If Qu Li had not cooperated with Vision Investment and Jumei Logistics had GLP's assistance, Jumei's development would never have been so fast.

Selling Shopee can focus on developing domestic e-commerce business and increase the probability of defeating Tmall. You must know that Tmall is open to individual sellers at this time and has an absolute advantage in the number of sellers.

Juhuasuan focuses on low prices and uses lower revenue sharing and lower advertising costs to compete with Tmall. However, it cannot resist the fact that Tmall has too many individual sellers and the low-price competition is unrestrained.Although it has influenced Tmall to take the high-end route, market competition will not be that simple. As long as Jumei cannot survive, the market will eventually be taken back by Tmall.

But Shopee represents this foreign market. If you give up the good situation created by Shopee, you may not have such a good opportunity in the future. It can even be said that you will basically lose the opportunity to enter overseas markets.

"That's not right. I still have Instagram and WeChat. Why don't you take a gamble?" Qu Li hugged Liu Yifei and his thoughts were changing.

Hesitating between selling or not selling, unable to decide for a while, Qu Li went to a Hollywood studio to find Liu Yifei who was filming. Unexpectedly, the girl jumped on him and gave him a big hug, and then stayed for the night.

Recalling the shock of Ning Ri Tianhao and other acquaintances, Qu Li looked proud. He was a goddess in front of others and a goddess in the back, enjoying gentleness and grace. This kind of life was very beautiful.

Qu Li didn't care about movies, but he cared a little about filmmakers. Although there was no poor person, he was the richest, so it was inevitable to treat him to dinner. Liu Yifei took the initiative to sit next to him.

A few people were eating and chatting together, and naturally they talked about major events in the domestic entertainment industry: Huayi Brothers was listed on the GEM, and many entertainment stars might become rich overnight.

Except for Liu Yifei, none of these people are from the Huayi family, so it's normal to be jealous.However, because of Qu Li's participation, Xiaoma introduced Penguin, and its listing location targeted the A-share GEM.It won’t work this year, but it will definitely happen in the next two years.

With the help of Qu Li, Huayi became a shareholder of Liu Yifei's domestic studio, accounting for about 15% of the shares. There seems to be a repurchase agreement. Liu Yifei also received about 200 million shares of Huayi, becoming one of the many star shareholders, and maybe he can Become a billionaire woman.

The fact that she joined a major Hollywood A-level production and became the heroine was promoted by Huayi, as if to say: they are the largest private film and television company in the country and have the ability to recruit actresses to become heroines in Hollywood blockbusters.

Xiao Ma is "helping" refute the rumors, but unfortunately Qu Li will definitely not claim this credit. He has a good relationship with the Huayi brothers. Although they are somewhat alienated due to their seniors in a certain industry, they have experienced the failure of a certain wave and a certain management buyout. For these two things, he is qualified to form his own system, and a senior in the industry will naturally not be an obstacle.