Completed Salted Fish's Self-help Strategy

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when the little sister left, Liu Lu turned back, poured tea and vomited grains: "it's me. Is this little sister called Zhang she me? Bull

Her report is a form, and her intention is to find out why chuyuanxi wants to do the Southeast Asian market.

This kind of thing is not Liu Lu's business scope, you can not discuss with Liu Lu, but it is absolutely impossible to hide it from her, because she is now in fact the second leader of the well-off society. It's just that Xiaokang is still in the initial stage. It doesn't engage in any business group or set up a complex organizational structure. It's all a project system, and senior managers implement precise management of various projects. So there are no plans for the general office, the group staff headquarters or the president responsibility system.

Therefore, Liu Lu's title is insignificant, just an executive vice president, but he is in power.

She is quite supportive in this respect. It's meaningless to make a vow. Xiaokang is not a big company. It's not time for big companies to get sick.

The purpose of structural organization and adjustment is to make the company more efficient, rather than on the contrary. Large companies have more people and more businesses, so they are divided into multiple levels vertically and multiple areas horizontally, which is more convenient for management. But how much effect does this division have in essence? Look at Baidu. What are the benefits of having so many internal organizations and committees?

Liu Lu knows this best. But she didn't know the meaning of Southeast Asia: "well, chuyuanxi, it's usually the company's development in the local area to a certain extent, and seeing the ceiling, that makes it go out? At least the business has been established, the business logic runs through, the verification is no problem, only then can we consider the extension, where can we go? It's aimed at the overseas market, isn't it a little early? "

"It's not a little early. What you want to say is a few years earlier?" Chuyuan Xi looked at Liu Lu's expression of "you still know it." he made a gesture and sighed, "well, take Xiaomi as an example. If you had considered the Southeast Asian market a few years earlier, it would not be so miserable now."

"What's wrong with Xiaomi? In addition to the miserable stock price, I think it's pretty good. The ecological chain is doing very well. " Liu Lu turned her eyes. "Recently, some of my former colleagues asked me whether Ba people sell it or not."

Chuyuan Xi quietly said two conditions: "50 billion, only accept cash."

When Liu Lu heard this, she turned her eyes. She was born in Xiaomi, and now she is Chu Yuanxi's main assistant. From her point of view, as long as the price is good, it is a very good thing to sell Ba people to Xiaomi, which is good for both sides.

Xiaomi has always claimed to be an "Internet company". Even because of insisting on this statement, it was asked by the CSRC to collapse and had to withdraw the application for issuance of A-share CDR. Why must we insist? Because the ceiling is high, the GoPro of the United States can't do this, and the millet of China can't do it? Start up companies at home and abroad are trying to break their business ceiling in order to evaluate their value. If they can't open it, they will open it verbally.

Unfortunately, Xiaomi's Internet service business has never exceeded 10% of its total revenue.

However, although Xiaomi's revenue is 170 billion yuan, its total profit last year was only 8.5 billion yuan, which is just 5%. If Ba Ren group is acquired and consolidated, the profit margin of Internet services will probably exceed the total profit of other businesses.

Therefore, we can draw a very simple conclusion: Although Xiaomi is large, its profit is too low to buy Ba people, at least not by cash.

The embarrassment of Xiaomi lies in its failure to realize the listing of a + h. I watched the A-share market, which is worth more than 30 billion yuan, slip away from my mouth, but h was already on the market. When I was IPO, I had a good time. If I wanted to raise money again, I had to follow the rules. So it became a problem where I could find money. I never thought that I would face the problem one day

This is also one of the reasons why the share price of Xiaomi has fallen all the way from the highest point of 22 to below 9. Leibs probably doesn't know what can double the profits of those who buy Xiaomi shares.

So at the beginning of the year, rebus announced in public: "students, maybe everyone feels that winter has come. In 2019, we are about to face the most severe challenges. There is no room for blind optimism. "

But Liu Lu also wants to be more flexible, because she finds that Chu Yuanxi is a very flexible person and does not have the most common stubborn problem of entrepreneurs. Although Ba people have greatly improved their well-off life, they are not as good as a large sum of money.

So if you're a different entrepreneur, what? Sell Ba people? Don't even think about it! But it's hard to say about chuyuanxi. Especially at this time point, it seems that it's a good time to sell Ba people. Later, a large number of fake products will emerge. After all, Xue Ming's set is not an impossible black technology. He can do it when he has time and resources. It's just that Chu Yuan Xi dares to eat crabs.

Her question was, "why do you have to have cash? Isn't equity merger and acquisition plus part of cash good? It's a bit higher. "

"I'm sorry if it's too high, but I won't do it if it's too low. The key is that Xiaomi's stock price doesn't work." Chuyuanxi doesn't want to talk about it. There must be a premium for M & A. for example, chuyuanxi's valuation for Ba people is 30 billion yuan, but others want to make a mess of it. Sorry, 30 billion yuan is definitely not for sale. But no matter how high it is, it's still a real big guy, rebus. It's hard to mix up after that."Oh, don't you understand the stock market? It's called oversold. The price is seriously undervalued. It's a high-quality stock that has been wrongly killed. It's the right time to buy. " Liu Lu hates to share her account number of Xiangjiang stock exchange. "I recently bought some. Xiaomi's net profit last year was 8.5 billion yuan, which was 5.4 billion yuan the year before last. It's up more than 50%. Don't these stock speculators read the financial report?"

Chu Yuan Xi a Wu face, get, the company more than a leek, or special thick special worth a kind of cut. "Sister, these stock speculators are more sober than you when they don't read the financial report. The valuation of your Xiaomi is not based on financial report, but on story telling, OK? Now that mobile phones are hard to sell, it's hard to tell a story. "

Not only is it hard to say, but Xiaomi also pays too much attention to market value management. In order to boost the stock price, it has just been listed for half a year and has done 21 share buybacks in succession. It almost regards the stock price as its life. This is a typical drag by listing, energy is affected by market making, how much mood in the skin?

But what Liu Lu saw was not like this: "who said there was no story? Xiaomi's story has just begun, OK? You're not objective. Didn't you hear that leibus wanted allin IOT? Isn't that a good story? "

Chu Yuanxi covered his face again and put on one of the most commonly used expressions in wechat: "I've been telling the story of IOT for several years, and no one understands it. And the IOT you're talking about won't be the family's power, right? Xiaomi's operation is the same as GoPro's UAV operation. Damn it! It's too wise. I should give you a copy of the interview questions I gave my new assistant