Reborn Entrepreneurial Giant.

After Glory succeeded in Beijin, Guangdong Province's Yangcheng regarded Qu Li as one of its own and helped him solve many problems.Qu Li has not let down everyone's trust in him, making Jumei develop better and better. The current market value exceeds 350 billion US dollars, close to 400 billion US dollars.

All preparations for the shareholders' meeting were completed, but Qu Li still had to go to Hainan to support him.

Jumei's financial report was announced. While maintaining rapid growth, it suffered another loss, mainly due to investment in Jumei's logistics infrastructure. Jumei Technology entered the North American market, invested in the establishment of Tongda Network, and also increased the proportion of self-operated operations with Jumei Platform. It’s related to a large amount of capital. Anyway, in 2012, Jumei’s operating costs rose rapidly. Fortunately, Juhuasuan’s GMV increased, and commission and advertising revenue increased rapidly.

In any case, Jumei’s target is Amazon, which has a market capitalization of over US$1000 billion, revenue of approximately US$600 billion, and GMV of approximately US$850 billion.Jumei's GMV is close to US$700 billion, and its revenue is approximately US$400 billion.The actual gap between the two companies does not match the market value gap, and there is good arbitrage space in the market.

Needless to say, Xiangjiang Fortune's U.S. stock funds have definitely taken action, including the U.S. stock index funds issued in Xiangjiang. Behind them are the capital inflows and outflows of Qu Li's Tianming Fund.

Wall Street has opinions on Jumei's performance, including their operations and management, including short-selling funds and domestic investigations. It is generally believed that Jumei's use of funds is too efficient and exceeds normal levels. For example, Jumei Logistics is building warehouses across the country. The capital investment was obviously lower than the actual needs. Jumei Company may have hidden losses, which is financial fraud.

Luqi announced the strategic partnership between Jumei Logistics and GLP. The two companies have been cooperating since 08 and have a very deep relationship of trust with each other.

Behind GLP, in addition to domestic funds such as China Investment and Envision, there are also a large number of European, American and Southeast Asian funds.Initially, it was tied to Jumei Logistics, which involved certain risks. Domestic funds were invested. Later, European and American funds gradually joined.

It can be said that more than half of Jumei Logistics' warehouses are jointly owned with GLP, a smaller half are self-built, and a small amount are leased. It can be said that the capital utilization rate is indeed quite high.

As for the Xiangyun brand, it rose from Facebook and sold on Shopee. Now it has entered the Amazon platform, opened offline channels in Europe and the United States, and built stores in China. In addition to shoes, it also has men's and women's clothing that imitates Uniqlo.Sales revenue of more than 15 billion US dollars a year is not much, and it is still listed on the A-share market.

It is said that Xiangyun can be listed on the A-share GEM. It is definitely at a good time. There are very few restrictions. I heard that a large company wanted to learn from it, but it was rejected as expected.

It is basically impossible to falsify the data on the Jumei e-commerce platform. Jumei Logistics has proven itself. Jumei’s own brand business accounts for more than 400% of the total revenue of 10 billion US dollars, but it is all well-documented. Search and Cloud computing business is more difficult to fake.

In the face of doubts, Jumei's stock price rose instead of falling, which may explain many problems, but the increase is too low, which may also explain other problems. Jumei's profit margin is not as good as Amazon's, which cannot explain all problems.

Before the shareholders' meeting, I didn't hear too much negative information. We had communicated in advance the issues that needed to be voted on. Whether it was the repurchase of Time's shares or the acquisition of Youku, these were normal and reasonable business decisions. There shouldn't be any problems. big.

After communicating with Lu Qi for a while, Qu Li found out that Jumei Company's operations were stable and there were no other issues except being questioned about financial fraud. Qu Li then set off for Boao, Hainan with peace of mind.

This forum was attended by many people from the financial and real estate industry, as well as international tycoons such as Bill Gates and Soros. It seems that many people like this kind of bragging occasion.

This forum had little to do with Qu Li. I attended the entrepreneur symposium at the venue, met Mr. Yuan, and chatted with him about the progress of the sea rice project and whether the funds were sufficient.Since the New Year's Eve speech, apart from paying him, there has been no publicity. This is a big mistake. The indifferent Qu Li gave Mr. Yuan great confidence.

Although someone discussed the issue of food security, Qu Li did not go up to talk about sea rice. Instead, he discussed poverty alleviation with Bill Gates. Regardless of whether he was doing it to avoid taxes, the Gates Foundation has done many good deeds. This man is manipulating the space between two big countries. Qu Li admired him very much because he was very at ease and was always a guest wherever he went.

Qu Li talked about his idea of ​​combining environmental protection and poverty alleviation: "After large-area photovoltaic panels are laid out, they often need to be washed with water. It seems to have a certain improvement in the local natural environment. It is still uncertain whether pasture can grow. .”

"Not many people can be helped by your plan, right?" Bill Gai said

"This is the first attempt. Another project that will last for a long time is the Ant Forest, planting trees and ecological restoration in desert areas. However, I want to promote the participation of all people. There is currently no good plan..."

"This requires a lot of manpower and material resources, right?" Bill Gai said

"So I want to get Honor and Jumei to work together to really do it. In the early stage, it may be employees of the two companies and some volunteers, and in the later stage, a group of employees may be hired to do long-term maintenance work." Qu Li

"I don't think this is poverty alleviation, it's just environmental protection that provides jobs for a few people."

Bill Gai was ruthless and pointed out his problems.

“How does that count as poverty alleviation?”

"Let local people have a career where they can make a living..."

This is difficult. He can't go on and Qu Li won't change his mind anyway.Bill Gai later talked about poverty alleviation at his home conference: "In the past 30 years, 6 million people in China have been lifted out of poverty, and farmers' income has increased 15 times. This is an amazing miracle."

This man is really awesome. He speaks nice words and makes people feel sincere. According to the Bureau of Statistics, the annual average inflation rate in my country in 30 years was 9.11%, and in 40 years it was 10.72%. Although the actual income of farmers did not increase by 15 times, it made 6 million It is indeed a miracle that people are lifted out of poverty.

Bill Gai's wisdom goes beyond this, and it is worth learning from Qu Li.

I thought this was a very peaceful meeting, but I didn’t expect that he would not cause trouble, but someone took the initiative to provoke him. The chairman of an automobile group in Shanghai said at a meeting: It will take several generations of efforts for the total number of independent brands to exceed that of joint ventures. You can't build a great company by lying.

Listen, what does this sound like?Boao, as well as the heads of two automobile companies, Modu Auto and Qiancheng Geometry, were present, and Qu Li was undoubtedly the representative of independent brands.Someone interviewed him about this. Although he knew that others had bad intentions, Qu Li felt it didn't matter.

"No one can say for sure what the future holds. Chengdu has the hope of becoming one of the world's top car brands, but some people don't even dare to think about it." Qu Li said with a hint of contempt: "It is true that you will never make a mistake if you don't do it, but I I don’t want to just sit around and make money, it’s too embarrassing.”