Reborn Entrepreneurial Giant.

Chapter 590 Search Service

After the Spring Festival, Jumei Company returned to normal working conditions. Most of the work in the domestic e-commerce retail sector was carried out around the two platforms of Jumei and Juhuasuan. Xu Lei and Dadongzi started their own actions.

Qu Li is the leader, Lu Qi is the commander-in-chief, Xu Lei and Dadongzi are the generals who charge into the battle. The independent brands in charge of Lai Shixian, Lu Weibing, and Luo Shaowu probably provide weapons and ammunition. Of course, Jumei Logistics in charge of Zhou Ting and others is We provide transportation and door-to-door delivery, as well as after-sales door-to-door pickup.

What about cloud computing and search, Jumei Financial Services, and Time Group? What do they count?

No matter what it is, Jumei started a business reorganization after the year and formally established Jumei Financial Services Company. Tian Yue was in charge. He was the person in charge of the company's legal affairs and later worked in supply chain finance. He has always maintained good relations with Xiangjiang Fortune Group. The partnership has now taken over the entire financial services business.

Then it was announced that Time Group had become a wholly-owned subsidiary and Huang Zheng was officially in charge.

The most important thing is of course that cloud computing and search were formed into an independent subsidiary Yunsou Group, with Lin Bing as CEO and Wang Jian as CTO. At the same time, Lin Bing resigned as CTO of Jumei Company.

In addition, we have established multiple R&D centers such as Jumei Laboratory, which are located in Beijing, Shanghai, Guangzhou and Shenzhen. They are responsible for the research and development of cutting-edge technologies such as big data, artificial intelligence, blockchain technology, and personalized recommendation algorithms. Many people search from ancient songs. and the cloud computing department became independent.The technology put under the direct control of Jumei Corporation has been strengthened.

This series of adjustments has caused a lot of discussion outside.Jumei took the initiative to publicly warn about the expiration of the contract with 365, and at the same time, 365 Search launched a public beta.

The adjustment of Shiguang is that Qu Li is freed from it and is no longer responsible for the specific work of Shiguang. No one has any doubts about this. Qu Li has always been like this, but he has doubts about Huang Zheng. An excellent product manager may not necessarily be a good one. CEO.

The Jumei Financial Services Company is even more nonsense. It basically had no sense of existence before. Now it is brought out specially this time. Isn't it just to make up the numbers?

Only Jumei Cloud Search Company's cloud computing is the first in the country. After officially providing services to external parties, there is basically no need to expand the market. Even Alibaba Cloud has made great progress now, but a large number of Internet startups have actively chosen Jumei's cloud computing services. .

Although Jumei Cloud Computing is the industry leader, its revenue scale is not large, so everyone pays more attention to ancient song search. 365 browser users have reached 3.3 million. By default, ancient song search has brought huge traffic, or in other words The traffic from 365 Browser accounted for half of the searches for ancient songs at most.

Therefore, some people predict that the market share of ancient song search will be cut in half, some say that Baidu will dominate the world from now on, and others say that 365 search will surpass ancient songs...

Fortunately, no one is discussing why Lin Bing resigned as CTO of Jumei.

The adjustment of the organizational structure is of course to better cope with changes. The loss of 365 as a traffic source does not mean that ancient song search will definitely decline. In fact, no one denies that ancient song may become the absolute king of mobile search.So even though Guge may lose the PC market, Jumei's stock price still hasn't fallen.

Mobile search is not in their discussion. PC search is the biggest source of profit. No one wants to lose this piece of fat. Therefore, this is not just a matter of Yunso Company.

"Please ask firewall companies to strengthen their blocking of Google searches..."

Google Search has a server in Xiangjiang. When it was first acquired, it was forced to jump to Jumei Guge's guge domain name. Now domestic users can directly access Google Search. It occupies about 5% of the domestic search market, and Jumei Guge has 25%~ 30%.

After Ahli took a stake in Sogou, it accessed Yahoo China traffic, plus Sohu, Sogou Pinyin, and browser traffic, and gained about 8% of the market share.You can ignore Internet Yiyoudao, Goosechang Sosoou, Microsoft Bing, etc., up to 5%.

Based on this calculation, Baidu Search’s domestic market share is 55% to 60%. Although it is the industry leader, there is still hope for others.With a market share of about 55%, it has achieved revenue of about 200 billion and profit of 100 billion.

"Should we acquire Sogou Search? Their Sogou Pinyin market share ranks first in the country, and Sogou Browser also has a good..." Since there is no way to win the opponent through competitive means, then use capital means. Sogou Wang Xiaochuan is not willing to be whitewashed Are you willing to be recruited by Jumei after the acquisition?

"You can try."

So Jumei began to contact Sogou last year. At this time, they happened to have a breakup with Ahli and negotiated to buy back shares. The matter was postponed until this year.

"365, Goose Factory, and Baidu have all joined Sogou's bid." CFO Bian Liang said that although Tian Yue is the person in charge of Jumei Financial Services, he is still under the management of Jumei. Jumei itself also has an equity investment department. Bian Liang is all responsible.

"Is there a high chance that we will acquire it?"

"There are difficulties. Sogou's valuation exceeds US$10 billion. Competition between several of us is likely to drive up the valuation. The final valuation may even exceed US$15 billion."

If a listed company disposes more than 5% of its net assets, it needs to be submitted to the board of directors for review and approval. How much is Jumei's total assets? If it really wants to acquire it, it still needs to convene a board of directors meeting.

"The price of US$15 billion is too high." Lu Qi felt it was not worth it upon hearing this. How much is the valuation of Time Group?Well, it seems closer to $30 billion.

"Do you want to keep the Sogou brand after the acquisition?" Qu Li asked

"It's probably necessary." Bian Liang

"The US$15 billion is not a good deal." Lu Qi

"Don't let others get it cheaply." Qu Li

This is no longer a question of price, Jumei’s search only requires one brand.There is no need to consider whether to keep ancient songs or Sogou.

"Some people in Baidu are already selling Tieba, and there are also a lot of Putian hospital advertisements."

Since market competition and capital methods are difficult to work, then attacking competitors becomes one of the options. There is no need to spread rumors at all. As long as more users realize that a certain company is "doing evil", if users also know that there are better options , I think there will be good gains.

“Do we have hospital advertising?”

"Have!"

"..." Qu Li didn't know what he was feeling in his heart at this moment.

PT City Zhizhou once publicly stated: "The total advertising volume of Baidu in 2013 was 260 billion yuan, and Putian's private hospitals did 120 billion yuan of advertising on Baidu, accounting for almost half of Baidu's advertising revenue."

The butt determines the head. Since the relevant departments allow the existence of medical advertisements, are the companies that display advertisements really heinous?Thinking about this issue again from Qu Li's position, he found that many things began to become blurry. There could not really be a competitor's slander behind certain incidents, right?

However, despite the crackdown on whiteness, Sogou and 365 Search are still not on the market. Why is this?