Reborn Entrepreneurial Giant

Huang Zheng has not yet connected the information connection between Time WeChat and Instagram, so the number of global users of Instagram has not yet exceeded 100 million, but it will be soon. I believe that with the blessing of Time WeChat, it should not be inferior to the original version too much.

The development of time has exceeded the predictions of Lu Qi and others. Such a company with unlimited potential is now riding a tiger because of a wrong decision at the beginning.

Time was nothing when it first raised funds, and it still raised funds at a valuation of US$800 million. Now it is impossible for the company to kick others out after the company has improved, right?

Besides, Huang Zheng and others don't want to have a problem on their heads. How to balance the interests of time and Jumei? Is time serving Jumei, or is it based on their own interests?

At this time, the interests of Jumei, venture capital, Qu Li and the management are mixed, like a mess. There have been several meetings, but unfortunately, there are some big differences.

But Qu Li sits firmly on the Diaoyutai, no matter what the final result is, he will be the winner. So Qu Li didn't concentrate on these things and started preparing for his New Year's Eve speech.

"Can you attend my New Year's Eve speech?" Qu Li approached Huang Zheng and asked

"I'm not suitable?" Huang Zheng has always been relatively low-key, and he used psychological warfare during the critical period of competition with Tencent, which was a little high-key

"Don't you think it's something to be proud of defeating Goose Factory in the field of instant messaging?" Qu Li

"Maybe, but I don't think I'm doing well enough." Huang Zheng knew that many functions of Time Wechat were implemented according to Qu Li's ideas.

"Don't worry about it, prepare to go up and brag." Qu Li was too lazy to talk nonsense.

"boast?"

"It's not important." After Qu Li invited Huang Zheng, he went to invite Da Dongzi again. The influence of the e-commerce war in September has continued to this day, and people can see Jumei's combat effectiveness. Although he will be handing over to Xu Lei and will be rotated next year, Da Dongzi still readily agreed to Qu Li's invitation.

Qu Li continued to invite Su Zifeng from Honor's chip department, and Zhang Qinan from the promising future.

Before starting to invite people outside the system, there was a news from Yangshi that this year's selection of financial figures of the year was moved forward to December 12th, and he was selected again.

"Why don't you give the opportunity to someone else?" Qu Li didn't have much interest in it.

"This year, we deliberately moved forward to the 12th, so as not to affect your New Year's Eve speech, and there is Ma Yun from Ali, who wants you and him..."

Although they knew that they didn't change the date for their own sake, it was comfortable to hear. Qu Li has a very close relationship with CCTV, so he refused several times, but without success, he accepted.

Bragging and advertising are very important, but work still needs to be done. This year is Jumei’s first large-scale job rotation. Dadongzi and Xu Lei switched positions, and the position of Shopee’s Shen Haoyu remained the same. The person in charge of Jumei’s logistics and supply chain department will not make adjustments for the time being.

There are also Google Search and Jumei Cloud Computing. Although Lin Bing's position will not change, the personnel changes of these two subsidiaries are still quite large. Those with high ranks may be arranged to work in Yangcheng, while those with low ranks generally will not change cities.

The "boss" changes positions, and some who are closer to the boss will leave together.

All in all, there has been a huge change inside Jumei. Whether this change is good or bad, neither Qu Li nor Lu Qi knows.

"So we still have to insist that no matter what changes happen, we must insist on making good products, lowering prices, and providing high-quality services." Qu Li repeatedly emphasized product prices and services at Jumei's internal meetings.

This also means that Jumei puts the supply chain (self-owned brand) and Jumei Logistics at a more important strategic height, while Jumeijuhuasuan Shopee can continue to try and make mistakes, and a simple platform will not work. The rise of Pinxixi and In order to increase the unit price of customers, Taobao artificially adjusts the order of product prices and suppresses white-label products.

"After several years of development, we should have noticed that price is the core competitiveness of e-commerce retail, and products and services have to wait until consumption upgrades, so our three platforms in the next few years will be based on price. , You can even make money without retail services." Qu Liyu is not surprised: "This requires us to increase sources of profit, search and cloud computing, Jumei logistics, membership is very important, and financial services, only these businesses make money Only then can we have the strength to fight a price war..."

The reason why Goudong was unable to fight the price war later was related to their single profit model. Goudong Financial developed a bit late and its revenue was limited. Ant Financial’s revenue exceeded 200 billion, while Goudong Financial’s revenue was only more than 30 billion . Not to mention cloud computing, Goudong’s business is almost negligible, so Goudong Logistics can make money, but it’s still not as good as Cainiao Network.

As for Jumei, it almost made up for all the shortcomings of Goudong, and opened Jumei Logistics to the outside world very early. Although it had a certain impact on Jumei’s self-operated business, a logistics company that can achieve a break-even balance is better than a continuous loss-making logistics company. Are businesses more valuable? In addition, the profits from Guge Search are invested in Jumeiyun.

This means that Jumei’s retail business does not make any money, and there will be enough profits in the future. In fact, Juhuasuan’s commissions, Shopee in overseas mature markets, and its own brands can all make money.

"Price is the most important thing. It doesn't mean we can sell fake products. We must not lose the authenticity of licensed products. Otherwise, what is the difference between us and Taobao Tianmao?" Qu Li continued.

"The other is branding. To create more third-party e-commerce brands, we must also focus on creating popular models. Whether it is self-operated or third-party, as long as the product is good enough and sells well, then give them more traffic. Support. Enough explosive models can attract enough sellers to join the Jumei platform. The key to this is the intelligent recommendation algorithm..."

After speaking from the overall level of the company, I then put forward the requirements for each department. Jumei and Juhuasuan are definitely different. Does Shopee need to adjust, and what else should be paid attention to in job rotation and job transfer? It's Lu Qi's turn to be in charge.

After the meeting, continue to promote personnel adjustment, and improve the internal "fault tolerance" mechanism that goes with it. If employees are not allowed to make mistakes, or if they make mistakes, they must be dealt with strictly and let them take full responsibility. Then who is willing to rotate? Of course, if you make a mistake, you still have to take responsibility. This can help employees grow, and it also helps the company grow.

Lu Qi also talked about Twitter with Qu Li. The company was finally preparing to go public. A foreign executive from Jumei joined Twitter’s board of directors on their behalf, but they were excluded: “Should we keep the shares in Twitter? Do you want to maintain your influence on Twitter?"

Qu Li is very upset about Twitter, knowing that the management of this company has limited capabilities and great social influence, but "money opportunities" are limited: "I don't have any opinions, I can do whatever I want." Anyway, with Instagram and WeChat, what else is there to tweet? special?

I caught a bad cold yesterday with a fever, and I'm still not feeling well today, so there may not be a chapter 2.