Reborn Entrepreneurial Giant

The market share of 30% has become a natural moat for ancient song search, and it also suppresses Sogou, Soso and other latecomers. Therefore, Netease did not launch Youdao search, and Zhou Hongyi of Qihoo seems to have not given up.

Even with only 25-30% of the market share, Guge Search can still bring a lot of cash flow to Jumei. Calculated based on one-third of Baidu, assuming that Baidu Search’s income remains unchanged, then Guge Search had about 20% of revenue last year. Five or six billion in revenue, and a net profit of about 1 billion. This year, Baidu's annual revenue is 14.5 billion, and Guge's 5 billion revenue and 1.5 billion profit are possible.

Jumei and Guge have integrated their respective advertising businesses, and last year they acquired Consenchuangxiang Discuz! Later, it became the largest advertising alliance in the country. With the development and growth of e-commerce business, especially the rise of Juhuasuan platform, it is possible for advertising revenue to surpass Baidu.

Of course, Guge and Jumei are two companies, and the revenue of Guge Alliance has to be divided into two parts. Does this mean that if they combine, they will be invincible in the world, and if they divide, they will be kings? More than ten years later, Pinxixi's advertising revenue has exceeded 100 billion, which is no small business.

Jumei ancient songs plus time, how much will the future advertising revenue be? Qu Li thinks it is beautiful. The largest advertising company in the country should be Jumei in the future, right? Instagram has great potential, Qu Li sat in the Instagram office chatting with Chen Danni and Zhang Yiming.

Domestic microblogs responded quickly, and soon perfected the function of adding comments to pictures, while foreign Twitter did not seem to react, watching Instagram conquer the city.

"So Weibo may block our domestic development?"

"Not necessarily, they are artificial recommendations and we are algorithmic recommendations, which can continuously iteratively learn and grasp the interests and hobbies of users..." Zhang Yiming still has a word to say, Jumei has the widest usage scenarios and the most accurate user portraits

"Instagram has more than 30 million users, and foreign users exceed 20 million."

Qu Li didn't know what mood he was in. Instagram's development wasn't slow, but it wasn't fast. Compared to Weibo, it was scumbag, and compared to WeChat, it was still scumbag.

"Do you want to set up a team in China, as well as privacy and information security, we are a Chinese company, we must pay special attention. Now there are no competitors, so no one is targeted, Facebook and Twitter are not small players..."

"I'll think about it, I don't need it yet." Zhang Yiming adjusted his glasses and said

Come on, both Huang Zheng and Zhang Yiming are very calm people, and they are very independent.

Except for Instagram, Time's other businesses are developing rapidly. Even Time Music has a large number of stable users. Whale Music approached him several times to seek cooperation opportunities, but Qu Li didn't respond, even if the website has Dayao's investment. The value of this music website is limited, if Jumei is not short of money, then it can be given as a gift, but now several major projects need money, so he has no choice but to give up the opportunity to be a good person.

In a sense, Qu Li is also very rational, and his emotions are relatively indifferent, and he is seldom restrained by emotions in doing things. He directly refused to meet with Dayao, because he didn't want to get involved in the interests.

I took time to go to Jinshan. Qiu Bojun stepped down as the chairman, but he did not resign from the board of directors, and he has not officially retired. Qu Li's ideas and Wu Shihong's execution can't reassure him, so let's try our best to persist.

In less than half a year, Jinshan's transformation has just begun. The only bright spot is the game business. Swordsman and League of Legends are both excellent games. Qu Li has improved the strategic position of the game business and obtained more resources.

"WPS reduces the advertising investment bank, which still has a great impact on revenue. The revenue in the first half of the year may not be ideal." Wu Shihong and Qu Li talked about some things that Kingsoft encountered, and expressed their embarrassment.

Qu Li doesn't understand either, a local tyrant like him has never been short of money, and spends money lavishly, and this kind of business that lives within his means and counts carefully is really not suitable for him to perform.

"How about the enterprise security business?" Qu Li remembers that Jinshan borrowed money to acquire the Green League

"This part of the income is growing rapidly, and I am confident that it will reach 500 million this year..."

"Gold Mountain's revenue last year was only 1 billion, right?" Qu Li wondered.

"The Green League's revenue last year was about 300 million yuan, and its net profit was about 60 million yuan. The previous team was mainly engaged in technology and was not very good at market operations..." Wu Shihong explained that there are many companies in China that are engaged in enterprise security, such as Green League, Venusstar, and Tianrong. The trust gap is not big, and it is possible to acquire one of them. Even if there is no Green League, there can be Red League, and it will not affect Kingsoft's entry into the network security market.

The later Internet security leader was spun off from 360. Now that there is Jinshan, as long as the thinking does not slip and you persist in investing, it will not be too bad.

Hearing what Wu Shihong said, he called the person in charge of technology over and continued to understand the situation. Network security is all about hard power. Without a master of technology and an excellent team, it is impossible to do this well. From the derivation process of the results, the later Kingsoft Antivirus basically had no sense of existence in China, and the various killing rates were very touching, which shows that their security team is really not good.

Qu Li has always liked to recruit the best talents and give them a salary that exceeds that of his peers. As an established Internet technology company, Jinshan has a certain attractiveness, so the key is money.

"Both gaming and security businesses are profitable, only office software..."

"It's a productivity tool," Qu Lixiu said. In addition to WPS, there are also PDFs, mind maps, cloud documents, enterprise cloud disks, video conferencing, etc. They are not just office

Originally, I wanted Jinshan to develop the Linux operating system, but now is definitely not a good time, let's wait for the League of Legends to make a profit. The cold-blooded and ruthless Qu Li has no friends, and there is no psychological burden for a major exchange in Jinshan.

Qu Li arranged people from Jumei to help Wu Shihong improve the OKR/KPI assessment standards in Jinshan. People were forced out, and they had to be given a chance before they were replaced.

Jinshan's employees don't know the coldness behind the kind-hearted, amiable Qu Li, who does things with a strong sense of purpose.

"It is enough to maintain a balance of profit and loss in network security, and continue to invest in the profit part. We must make Jinshan a top network security company in China. The productivity tool department can lose 100 million a year. First lose 1 billion before considering profitability. Online games are the whole village. I hope..." Qu Li emphasized again, "Whether you like it or not, I don't want a mediocre company!"

"League of Legends has great potential, we need to strengthen cooperation with them, but..." Zou Tao, the person in charge of the game department Xishanju, reported that Qu Li's words are not pleasant, but he has the qualifications

"The market value of Jinshan is too low, and the cash flow is too little. How about this, I will spend money to buy Riot Games. If you can't do this project well, get together and let me leave smoothly..." Qu Li looked directly at Zou Tao, and gave He has opportunities and challenges, how to grow without pressure.

"Okay, I agree." Zou Tao stood up