Reborn Entrepreneurial Giant

"League of Legends" is officially released in the United States. Envision Investment still holds more than 35% of the shares of Riot Games. The national server version is not in a hurry. This game has many competitors in the United States, and it may not be successful now. Moreover, the matter of Yuanjing's investment in Jinshan shares has not been settled yet, and everyone needs time.

Qu Li left New York and returned to Silicon Valley. He did not participate in the negotiations with Google, but went to Tesla to chat with Musk and exchange experience. Well, what good experience can Musk have, is it to blow Dogecoin?

Therefore, under the guidance of the "great" Musk ten years later, Qu Li participated in mining, with the goal of depositing 1 million bitcoins in various ways within 5 years. There is no need to explain how to achieve it. Anyway, Qu Li, who is rich and powerful, can easily do this.

Bitcoin is definitely not a legal tender, but it is self-deceiving to say whether it is a "currency". The definition of currency seems to be a general equivalent. As long as there are more people who recognize this thing, Bitcoin will have the value of existence. There are many examples in reality, such as gold and silver in the past, banknotes in the present, and gods, Buddhas and gods that are inconvenient to talk about.

The courts of various countries do not recognize Bitcoin because the decentralized virtual currency based on blockchain is out of control. It can be compared to gold. Buffett has always said that gold has no value, but in reality, it may exceed $2,000 per ounce. Bitcoin is in a sense more valuable than gold, and for certain groups of people, it's just too convenient.

Because the speculative nature is too large, someone controls the market behind it, and Bitcoin may disappear naturally. For most ordinary people, participating in Bitcoin speculation is dozens of times more risky than speculating in stock futures.

But Qu Li is not ordinary, and he doesn't want to confine himself to the country, so he will definitely keep a lot of overseas assets. This kind of unrestricted Bitcoin is one of his inevitable choices.

Lu Qi and others are about to leave Silicon Valley and return to China. They each explained their reasons for the choice of Google Zhongwo and Shopee, and then everyone launched a vote.

Once Google's domain name is returned, Google's 30% market share in China may die prematurely, but it is valuable in terms of search, not to mention being able to divert traffic to Jumei, and there are nearly 700 high-quality employees who are willing to Acquisition of Kuxun for talent, of course, is very yearning for Google Zhongheo, anyway, it is not expensive.

As for Google Play, there is not much to see yet, but the market potential is very large. Qu Li and Schmidt mentioned that they hope to take the responsibility of security audit through this application market and optimize user experience. Due to the incompetence of Android, so with Honor Play, strict restrictions and requirements have been imposed on application development. For this reason, cash support has been added. If he is really required to be in charge of Google Play in China, Jumeihui and Honor have a conflict of interest , this is another troublesome thing: "How are you going to do it?"

Schmidt and the others didn’t think about it. Many things took time to explore. Only Qu Li opened it up. He knew that Android would tighten authorization in the future, and forced Google Play through various means. Finally, the user experience of Android gradually caught up with or even surpassed. IOS.

In a short period of time, Google Play could not reach an agreement, and it was put on hold for the time being. Speaking of Google China, Jumei is very determined not to bind it with the Shopee transaction.

After several entanglements, Google finally gave in. They didn't have much chips in their hands, and they had a lot of inexplicable persistence. If they didn't make concessions, the negotiation would collapse, so they had to talk about the price.

Even in 2009, Google China still maintained a growth rate of 60%, and its revenue reached almost half of Baidu. If it is calculated with reference to Baidu’s current market value of about 14 billion US dollars, then there is no way to talk about it.

In 2009, the market value of Baidu’s share price nearly quadrupled, while that of Jumei only tripled. Well, let’s not talk about whiteness, Google will take back the Google domain name, leaving Google and guge domain names, and within three years, Google will automatically direct visits from domestic IPs to guge. There is also a gmail mailbox, the user data will not be left to Jumei, but a buffer period is given to the user, and the mailbox data can be cloned to the gmail of the guge domain name.

Such details do not need to be discussed by Qu Li and the others in detail. The important thing is the price. After such a toss, how much market share can Google China retain? 10% or 20%? What about revenue growth?

We must know that ten years later, Sogou’s highest revenue will be US$1.12 billion, and its net profit will be US$98.8 million. How much revenue and profit can Google make if it does not withdraw from the domestic market? After all, their integrity will not be too low, and they will not sell small advertisements on the Internet. As the second child in the market, the gross and net profit margins are not as good as the leader, which is common sense.

At the beginning, Google didn’t even plan to take money, and obviously realized this, but now Jumei wants to give money, and they don’t want to give more, how much is appropriate?

Qu Li gave his plan to give up Jumei's overseas business and let Google buy Shopee shares for US$1 billion and inject US$500 million in exchange for up to 45% of Shopee's shares. Among them, 500 million U.S. dollars was paid with the entire equity of Google Zhongwo.

The value of Google Zhongying is seriously discounted, but 30% of the market share is real. In 2001, 3721 was worth 100 million US dollars. In 2009, even without the Google brand blessing, it should be considered normal to sell 500 million US dollars, right?

"The potential of the Chinese women's e-commerce market is so huge. I hope that Jumei can occupy more than 35% of the domestic market share and obtain stable profits. On this basis..."

"The domestic market is our foundation. Of course Shopee is important, but it will distract us. I am afraid that it will be difficult to balance both ends..."

"Jumei is a supply chain-based technology and service company. This is not empty talk, but a real pursuit. I believe that Google's 700 high-quality talents can play a key role in improving Jumei's search and cloud computing capabilities. effect……"

"Of course, I don't think leading technology is the key to a company's success. If we keep Shopee, maybe our market value will be higher and we will be able to make more money, but wealth is not my only pursuit. I hope Jumei can become a company that cares about mankind A company that contributes more to society.”

"Cloud computing, artificial intelligence, big data, intelligent recommendation algorithms and blockchain, I think these are more satisfying than simply making money..."

Qu Li fooled people in the video conference, discussed with the high-level executives in the United States, and finally persuaded them without any surprises, and agreed to the swap between Google China and Shopee in the vote.

However, Google is not satisfied, they want a complete acquisition of Shopee, otherwise, who is willing to buy shares at a high price of 3.5 billion US dollars? It is not impossible to complete the acquisition, Qu Li called out a high price of 5 billion US dollars.

As bold as a person is, the market value of the company is as high as it is, but no matter how rich and powerful Google is, it is impossible to buy it at such a price. But you have to know that the role of financial innovation is to help both parties reach a deal in a way that goes beyond your imagination.

Someone soon made a plan: Google invested in Shopee at a valuation of about US$3.5 billion, and at the same time obtained a right to acquire the remaining shares in Jumei at a specific price within three years, ensuring that the total purchase price is not less than $5 billion.