Reborn Entrepreneurial Giant.

Chapter 171 Lehman Sells Jumei Stock
Qu Li went to Honor's branch in Pengcheng, and then went to BYD's OEM factory. Apple's iPhone 3G was released and was popular in the market, but the impact on Honor was limited. There were too few excellent smartphones on the market. The greatest impact of Honor may be the introduction of Android smartphones by HTC.

However, Honor has increased its 2G version orders to 150 million in the case of domestic sales soaring, and expanded overseas to more than a dozen countries, with 3G version orders of 300 million.This is the order placed by Honor to BYD, and the operator's order is about 8%.

During this period of time, with the help of the consulting company, Glory quickly became formal, and established various procedures to limit its own rights.Qu Li doesn't care about this. Anyway, what he is best at is strategy. As long as there is no problem with the strategic direction and the company's internal struggles are not serious, Glory can maintain rapid growth.

The branch in Pengcheng is not important now. It is mainly for cooperation with BYD, and arranges employees to stay here, and even join BYD's foundry to be responsible for quality supervision and process improvement. The mobile phone R&D team is mainly in Beijin.

He didn't stay for long, and he returned to Yangcheng. Jumei's first half of the year financial report was announced, with a domestic revenue of 6.5 million, and foreign countries, I really forgot.This is not important, anyway, the news announced that the stock price fell, and the drop was very large and very fast, and the price per share is now below $10.

"What's going on here?" Qu Li returned to the company and asked Wang Yunliang

"It was initially determined that Lehman Brothers was selling."

"Have they contacted us?"

"no!"

"I'm going round and round!" Qu Li didn't expect Lehman Brothers to do such a trick to him.

"Has there been large-scale coverage by domestic and foreign media?"

"Not yet, but we will definitely find that Ali's stock price has fallen more than ours."

"They are B2B, so they can't be compared in this way. What's the reaction in the company?"

"It has been repeatedly emphasized that the subprime mortgage crisis was known before listing, but our company has developed very healthy..."

"I'm afraid that it will affect the reputation of the company, suppliers and talents will join..."

"We will try our best to promote it." Xu Lei, well, in fact, there should be more people on stage, but I can't remember so many names, so let's treat it as one person with multiple roles.

"Have those spokespersons been settled? We signed the contract in the name of Jumei Group. We use Jumei*Xiangyun in China, and Shopee*xyun abroad." He became xyun, he thought it looked better this way.

"It has been negotiated, the price has increased a bit, especially Bolt, we just signed a 5-year endorsement contract, the London Olympics ended, and he broke the world record with a time of 9 seconds at the New York Reebok Athletics Grand Prix. record..."

"Is there any risk prevention clause, such as personal engagement in dangerous sports and retirement due to injury, etc. After all, we have no experience..." Qu Li is very worried about being taken advantage of. The garbage contract of an NBA team is chilling to think about.

"Our contract is based on the Adidas Nike template..."

There should be a non-disclosure agreement in the Adinike contract, right?Qu Li really wanted to ask, but in order to pretend to be an expert, he automatically skipped it.

Endorsements cost a lot, and whether they will be effective will have to wait until after the Olympics. At that time, Xiangyun will have Phelps who won 8 gold medals, Usain Bolt, the fastest human being, Guo Jinjing, the diving queen, and Super Dan, the badminton king. Signed for three to five years, this is already the best price-performance ratio.Kobe may be the best choice, but his endorsement fee is high.

In fact, as a sports brand that mainly sells on the Internet, it is not cost-effective for Xyun to find a spokesperson at this time, and it is because he can find a long-awaited gem like Bolt before everyone else, which makes the endorsement suitable.

"How did you choose Baosheng and Taobo?" Qu Li asked Chen Danlin. If Xiangyun wants to advertise, if consumers can't find it offline, wouldn't it be a waste of advertising money?
"Baosheng International has just been launched, which is more suitable for our needs." Offline is just a supplement, appearing in multi-brand collection stores, large sports cities, and there may be brand flagship stores in the future, but online is their main sales channel.

After Xiangyun is Danlin. The flagship store in Yangcheng is located in Zhujiang New City. It is not easy for clothing brands to survive in Yangcheng. I hope Danlin brand can go well. Offline physical stores mean increased inventory. there is no way

Danlin women’s clothing is now cooperating with fashion magazines. The goal of learning is not the kimchi country but global fashion. The next step is to establish a community similar to Xiaohongshu. Unfortunately, Qu Li has never used it. person in charge.

"How much money does Jumei Logistics and Juyun Technology cost respectively? Announcing the news should be able to ease the downward trend?" After knowing the situation almost, Qu Li asked this question
"It should be possible!" Wang Yunliang couldn't guarantee it: "But the valuation of these two companies is very difficult to calculate, and it is even more inconvenient to manage..."

"Then what should we do?" After listening to Wang Yunliang's explanation, Qu Li somewhat agreed that delaying the development of the two companies was absolutely unacceptable.

"Should Jumei start targeted financing?"

"Of course I am willing. Jumei Logistics is okay. I believe everyone can understand the importance of logistics; but Juyun Technology is too uncertain. If it fails, it will seriously affect everyone's interests..."

"I personally support it. There is no problem with the underlying logic of the development of Juyun Technology. Through a large amount of data analysis on Taobao and Jumei, we can now see this trend: the more consumers, the more servers during peak periods. The greater the pressure, the more server resources will be idle during the downturn.” Lin Bing finally stood up to support this time. He had been skeptical about whether Jumei had cloud computing needs before, but there was not enough evidence to question Qu Li’s claim. Logic now seems to have a decision.

"In addition, although there are more and more types of products, there are only these pages presented to consumers. Personalized recommendation algorithms will definitely become the standard configuration of e-commerce shopping..."

"So Taobao blocked Baidu search crawlers, and we have not restricted them?" Someone thought of this.

"Uh, can you explain it this way?" Qu Li was a little speechless. He was just because Jumei was not as powerful as Taobao. Anyway, he couldn't earn advertising fees for the time being. It would be better to let other brand owners advertise themselves. Add advertising fees to whiteness.

"What about artificial intelligence?"

"There is not much investment in this area, we can let it go first..." Seeing that they have made so many compromises, Qu Li can't insist on fighting to the end.If you can't be a pioneer in the high-tech industry, then be the best Internet technology company in China.

"Hey, what's going on with Goudong?" Qu Li, who doesn't take pleasure in things but doesn't feel sorrow for himself, asked about Jumei's first acquisition after its listing.

"Dadongzi is still struggling and is looking for venture capitalists..."

"Once a venture capitalist really talks to Goudong, our home appliance department will announce that it will be launched soon." Although Qu Li admires Dadongzi very much, business is business, and if he really wants to be an enemy, he can only be eliminated first.

(End of this chapter)