Reinventing the Millennium.

Chapter 511 Childhood Big Mac

Dangdang chose to increase its size in the e-commerce market, which made the competition more intense.

Amazon's Joyo.com, eBay's EachNet, Ali's Taobao, and mom-and-pop shop Dangdang. Among the four, Dangdang is the weakest. Even it dares to invest money. What reason do the other three not follow?

E-commerce contains the wealth of the times, and if you want to get it, you have to burn your own wealth first.

Huaxia's e-commerce companies fight against each other and fight each other chaotically, which is a bit reckless in the boiling.

Many Internet people and media reporters have been attracted attention.

Among them, Sina and Yike are a little more thoughtful.

At the beginning, Li Guoqing was interviewed and mentioned his boss frequently. At that time, he didn’t believe it. Dangdang to get involved in e-commerce.

Well... the boss's intentions are the biggest indication.

In foreign countries, Yike sells both hardware and software. In China, it only has hardware players as its main business. It can’t do anything else, so it contacted Dangdang.com to take the initiative to put the product on sale, which is considered a personal market.

As for Sina, it can do more.

Although there is no order from Mr. Fang, there is a lot of attention and analysis on the competition of domestic e-commerce in the Sina page of the next page, and a lot of content praises Dangdang's B2C leadership.

Dangdang accepted all the orders, and it became more and more courageous for the goal of department store e-commerce.

The domestic competition is fierce, and Fang Zhuo, who is in the United States, is not idle. He took the time to fly to Seattle with his team and visited Amazon's headquarters directly.

At this time, Amazon is also called a giant, but it is far from the Big Mac later.

Fang Zhuofei arrived in Seattle, and when he stayed in the hotel, he checked Amazon's current market value, which was US$171 billion, far less than eBay's US$700 billion.

During this visit, Fang Zhuo brought Director Xiao Yu with him, thinking that she would also experience the business logic of this giant with a market value of over one trillion US dollars.

It also started selling books. Dangdang is called "Oriental Amazon" in China. However, the development momentum of the two is completely opposite. few.

If you buy Amazon for 1 yuan now and hold it for ten years, it will become nearly a million.

One hundred thousand, then nearly ten million.

One million, then nearly hundreds of millions.

Such an increase made Fang Zhuo unable to hold back his curiosity when domestic companies confronted Amazon, and wanted to see the appearance of a juvenile Big Mac with his own eyes.

"Mr. Fang, you support Dangdang's competition with Amazon in China. It is really in line with your usual style to visit your opponent's hometown." Yu Hong sighed when the group went from the hotel to the Amazon headquarters.

"I'll take a look. Bezos is also very welcome. There is nothing wrong with the phone." Fang Zhuo said with a smile.

Yu Hong obviously didn't feel that the boss was telling the truth, and thought that he had some calculations going on in his mind.

But in fact, Fang Zhuo was really in the mood to learn.

Listening to the experience of the originator of e-commerce, listening to the experience of one of the richest men in the world in the future, this is also a rare experience.

On this trip, the chairman of Bingxin and the marketing director came to visit the Amazon headquarters in Seattle. Amazon didn't make any gestures, and Bezos, the head of the company, came forward to receive them.

Speaking of which, Bezos knows Yike's Eastern President and Yike's business, and even appreciates it.

In order to make this appreciation more valuable, Amazon has launched products and music services similar to those of Apple and Yike, but the division of music copyrights on the market is not very popular for a while.

Amazon used to be very close to music. It sold music CDs online in 98, but it has no intention of further electronicizing music.

Now, witnessing the trend led by Apple and Yike, Bezos believes that this track is worth investing in.

At nine o'clock in the morning, two business leaders with similar net worth met.

Bezos was amazed at the youthfulness of Dongfang CEO, while Fang Zhuo was amazed at the smooth hairstyle of the future richest man.

"Fang, you're not here because you want to come to Seattle to buy the Mariners, right?" Bezos and Yi Ke and his team exchanged pleasantries, and then joked while showing people around the company.

It has to be pointed out that even though Fang Zhuo's sports image does not seem to have much sense of presence in the ice core review, many people do remember him as the president of the East who is active in the sports media.

Fang Zhuo shrugged: "No, no, I love the Yankees."

Bezos laughed.

Fang Zhuo looked at his bald head and smiling face, and felt that it was actually a bit pervasive.

Some corporate visits are mere formality, and some are really dry goods. This visit led by Bezos, the head of the company, is the latter.

At the very least, Fang Zhuo was a little shocked when Bezos introduced him to a department.

"We are working on an API open technology, Fang, you Yike can come to Amazon if you need it in the future." Bezos casually introduced it, and it was Amazon's world-famous AWS cloud service.

What surprised Fang Zhuo was that Amazon started the cloud computing project so early.

"This is very interesting. If I understand correctly, it can reduce a lot of burden on the enterprise." Fang Zhuo asked directly, "When will you officially launch it? Yike may have a try."

"Ha, maybe next year, very interesting project." Bezos did not hide.

Fang Zhuo agreed: "It is indeed very promising."

Amazon's AWS cloud service is very promising, and its growth and development will one day provide more than 70% of the profits of Amazon, a trillion-dollar market value company.

In other words, the B2C that Amazon started and vigorously developed will not even reach half of the profits of AWS cloud services.

Amazon, which has been losing money and burning money for more than ten years, is finally positioned not as an e-commerce company, but as an Internet high-tech company, which is positively related to its investment in scientific research year after year.

This is not just a name, because the capital market has different P/E valuation models for different types of companies.

Fang Zhuo was interested in communicating with Bezos about this yet-to-be-launched AWS department for a long time, so that the latter found it strange that this non-technical Eastern president seemed to value this field too much.

"I read Amazon's financial report before I came here. The revenue growth rate is five or six times that of traditional retail, which is very impressive, but do you invest too much in warehousing and logistics?" Fang Zhuo asked a little after reading AWS. question.

"No, Fang, not much, not much, I think it's not enough." Bezos has heard many similar questions, more from within the company, "Amazon's tentacles rely on logistics and express delivery. Convenience, this is our advantage, and it is an advantage that will cost a lot of money to continue to expand."

He smiled and said, "Fang, you will agree with me in the future."

Fang Zhuo actually agrees very much now, and feels that it is necessary to call Li Guoqing to hear the opponent's determination face to face.

However, it's okay if you don't shout, it's the same effect if you convey this determination to him yourself.

(End of this chapter)