Reborn Entrepreneurial Giant

Qu Li had a lot of discussions with Su Zifen in Singapore, covering everything from Spreadtrum to AMD, and he had a clearer idea about the future.

"I'm here to prepare a sum of no more than 200 million US dollars in cash for you. If you think AMD is still alive and can make me make money from this investment, then you can go." Qu Li knows that AMD's current real value is about 1.5 billion US dollars

"Tianming, you!" What else did Su Zifen want to say?

"If Intel is the only choice in the market, it will be difficult for our computer business to differentiate, let alone make a profit." Qu Li said he just wanted a hope

Su Zifen thinks that Qu Li is trying to help her in a disguised form. An externally hired CEO, bringing AMD's most scarce cash, is equivalent to sending charcoal in a timely manner and can help her establish authority.

Qu Li is not at a disadvantage. He knows that AMD's latest ZEN architecture is already under development. He poached Jim Keller, the core team member of the A-series chip development from Apple, and poached several chip design experts from the two companies by the way. to Spreadtrum.

Su Zifen needs to find a suitable successor for Spreadtrum after Su Zifen leaves. Li Liyou, the former CEO of Spreadtrum, is okay. If there is a better choice, Qu Li is willing to accept it. However, the main force of the chip development team will have to stay in China in the future. inevitable.

Su Zifen, who is about to leave, must be able to give suggestions with a more objective attitude on how to deploy. Qu Li treats her like a national official, so he will not be disappointed.

Lei Jun, Sangjie Jia and others came to Singapore successively to understand the situation and persuade Su Zifen. Although Qu Li agreed with her to leave, she definitely hoped that she would stay.

The persuasion was ineffective, Lei Jun and the others were busy dealing with the problem, and Qu Li was preparing materials for the New Year's Eve speech. There is actually nothing to say this year.

As the end of the year approaches, many changes have taken place in China. For example, NetEase and Goose Factory closed their own Weibo one after another, Microsoft closed MSN China, and 12306, after another failure, finally reached a cooperation agreement with Jumeiyun.

This is not a big deal. The "industry event" of CCTV's selection of financial and economic figures of the year suddenly disappeared. Future entrepreneurs can no longer pretend to be aggressive in front of the national audience through the CCTV stage. It is a great pity in life. It is a pity!

There are also some miscellaneous things that don't affect Qu Li here. For example, Qu Li's growth has largely benefited from the endorsement of CCTV's financial reputation.

Looking back on this year, the development of Jumei is still very amazing. Domestic e-commerce retail sales exceeded 2.8 trillion, and Ali and Jumei accounted for about 93% of the total of about 2.6 trillion.

Ari, Taobao and Tmall undoubtedly have a huge advantage with a year-on-year increase of nearly 50%. Jumei’s self-operated business is developing more rapidly, with revenue exceeding 350 billion, an increase of about 75% year-on-year, and third-party sales revenue of about 500 billion, a year-on-year increase of about 31%. It's a mix of joy and sorrow.

Jumei Logistics has surpassed SF Express, and its revenue has increased by more than 50% year-on-year to about 50 billion. It has become the domestic leader without any suspense, leaving no hope for competitors, except for the postal service.

The reason for the growth is that, apart from the fact that Honor handed over more transportation business to Jumei Logistics, it is also related to the outbreak of self-operated business. Think about Ming’s nearly 20 million mobile phones, not to mention the storage and transportation costs, and the express fee alone can be 400 million. .

Or 350 billion self-operated income Assuming that the unit price of a customer is 350 yuan, then there will be 1 billion express delivery, each 20 yuan, that is 20 billion revenue, which does not include storage costs. There are also external customers accounting for more than 50%: such as traditional enterprises such as Honor and Midea, e-commerce brands such as Fenghua International, and overseas warehouses of cross-border e-commerce...

Another income of Jumei that is worth counting is Guge search. Guge search, which is dominant on the mobile terminal, even if all medical advertisements are canceled and mobile advertisements are not released, the entire industry is growing. Baidu’s revenue is close to 50 billion. As the second child in the industry, Gu Ge has an income of 10 billion, which is not outrageous.

As for the profit of Guge Search, let’s forget it. If you don’t lose money, you are lucky. The saturated APP strategy, plus the investment in Kuxun and ACFun, and finally Juyun Technology has rounded up the final profit.

Juyun Technology, which is determined to be the No. 1 in the Asia-Pacific region, is no longer enough to rely on ancient songs to search for money. It needs the investment of Jumei Group. But don’t forget that mobile payment is similar to burning money, and Internet finance can’t make much profit in the short term.

At that time, even if WeChat is not considered, how much is the daily increase in cost based on the user scale of Shiguang WeChat and Instagram? To make money, think too much.

It is not easy to count the income of private brands, and a large part of it overlaps with self-operated income. For example, Ming has more than 25 billion in revenue, which is basically realized in Jumei. In addition, sub-brands such as Cotton Times and Koala Food have exceeded the threshold of 1 billion, showing a trend of transformation. But it is only sold in Jumei and Juhuasuan.

The one with a smaller degree of overlap should be Xiangyun, which relies on international and domestic two legs to walk and open stores against the trend. Last year, its revenue exceeded 10 billion, and the year-on-year growth rate has dropped a lot, but it has become the leader of domestic sports brands.

Overseas revenue, mainly Shopee, last year, the sales revenue of the platform reached about 16 billion U.S. dollars, of which self-owned brands plus self-operated revenue did not exceed 6 billion U.S. dollars, and the rest were third-party sellers. Calculated according to the 10% commission ratio, about 10 million dollars. That is to say, the overseas income is about 7 billion US dollars and 43 billion soft sister coins.

To calculate Jumei’s total revenue last year, third-party sellers on the platform calculate their income including advertising fees and commissions at a rate of 6%, which is about 30 billion yuan, and their own brands are 10 billion yuan. The total annual revenue of Jumei is about 500 billion 80 billion. One hundred million U.S. dollars.

Amazon’s revenue in 2014 was approximately US$89 billion. The gap between the two is very small, and Jumei surpassed Goudong in 2018, which is four years later. Of course, Ali is the most affected. Originally, Taobao and Tmall accounted for more than 80% of the country’s transaction volume, but now Jumeijuhuasuan takes a large part of it.

This is not only the success of the enterprise, but also the location advantage. The Yangtze River Delta economy currently surpasses the Pearl River Delta, but it is distributed in the three provinces of Jiangsu, Zhejiang and Shanghai. The Pearl River Delta has only one Guangdong Province, which is more suitable for the existence of the B2C model. summed up.

Qu Li didn't know if it was right. After all, there were no B2C e-commerce giants in Guangdong Province in the previous life, but Jumei has developed to the present, and it will definitely not only dominate the country. International revenue now accounts for only about one-tenth of the platform's total revenue, which is obviously not healthy.

However, in overseas markets, Instagram has the greatest growth potential for advertising revenue. In the hands of Facebook, by the 2020s, the annual advertising revenue may exceed 20 billion US dollars. It's hard to say how much profit it can bring, but it's still not enough for a large company like Amazon with an annual revenue of more than 500 billion U.S. dollars.

Therefore, e-commerce is the kingly way. Finance, social networking, cloud computing, and even possible games are all supplements around the e-commerce ecosystem. It is imperative to do a good job in Shopee.