Reborn Entrepreneurial Giant

Wu Hongning, who was doing the handover in Pengcheng, chatted with Qu Li from time to time, discussing Huatou, which has not yet been established. It is said that the first investment has already been targeted. .

"The first investment is more than 20 billion soft sister coins, which is too powerful."

"Is it necessary to invest in a private equity firm?" Qu Li had a hard time understanding the logic of Huatou's investment this time. Could it be that he wanted to make friends with Blackstone instead of making money?

Many people in China, including domestic propaganda, give people the impression that the country’s top leaders will not make mistakes. At the extreme point, they also think that state-owned enterprises are moral benchmarks. All investment behaviors are full of deep meaning behind it. Losing money is not important.

I won’t talk about the specifics. Anyway, the fact that Huatou wanted 10% of Blackstone’s non-voting shares was a loss-making deal from any angle. The stock price didn’t return to the issue price until ten years later, but Qu Li didn’t know why. , so it is difficult to find reasons to refute.

“Who knows, private listings are not common.”

"With so much investment, do you have voting rights? Will it be preferred shares with a fixed income of about 8% per year?"

"I don't know, this level of investment is beyond my control."

"Oh, you must have investment authority. I suggest you invest in Paulson Fund. The real estate bubble in the United States is about to burst. This fund has been shorting since last year. This time it will definitely make money."

"Paulson Fund?"

"Well, I have $20 million in this fund."

"Fuck, are you so rich?"

"You can also be bullish on international crude oil prices."

"Don't tell me you're long crude oil?"

"It's 40 million US dollars, so you don't have to worry that I don't have any money. These losses are completely within my tolerance."

"You really made $90 million on 'Comet'?"

There has always been this rumor on the Internet, saying that Qu Li earned 90 million US dollars in the United States, but many people do not believe it. There are no good men and women in capitalists. It is true that the box office of "Comet" exceeded 300 million US dollars. Many people took "Harry Potter" as an example , Warner actually made a loss on the investment, so, don't doubt the shamelessness of Hollywood film and television companies.

Under such remarks, many people are dubious. The success of "Comet" is too accidental. If Qu Li hadn't seen the money, he would even doubt its authenticity ("The Man From Earth" has a global box office of 350 million U.S. dollars. not really).

"It's not important. What matters is how you gain a firm foothold in Huatou. Do you rely on relationships to gain a foothold there, or do you rely on ability to speak?"

"Is there really no problem with these two directions?"

"How do you make me promise?"

"..." Wu Hongning was stunned. Qu Li invested with his own funds. Is there a better way to prove it?

"you mean?"

"What can I mean? Do you want to bet on the outbreak of a financial crisis in the US Congress, or bet that the international crude oil price will exceed US$80?"

Don't think that a financial genius must be a master of learning, and you can become a genius if you are lucky. For example, Wu Hongning, if he really listened to Qu Li, he would most likely become a genius of Huatou.

Wu Hongning's complexion changed, he didn't say anything, and left with a heavy heart.

Qu Li continued to stay in Yangcheng, ran the foundry, and strictly controlled the quality. Well, quality is actually directly related to the cost of the foundry. If there is no money, how can the factory arrange people for you.

But how high the cost of the foundry needs to be, Jumei needs to have a knowledgeable person who is familiar with the cost of each process in the factory. After mastering their details, Jumei can generously leave enough profits for these companies, thereby ensuring quality. . Those local tyrants who spent money from the beginning will only be regarded as two hundred and fifty scams by others.

Qu Li went to the factory, only to find out that there are Shamates everywhere in Guangdong Province, and some people seem to innovate and play new tricks. Relying on his identity as the originator of Shamate, Qu Li went down to the grassroots level, communicated with his "offline", sometimes took a photo, took a photo together, found key talents from the inside, and gradually became familiar with all aspects of the clothing company.

The next step is to understand the price of each accessory and raw material of these clothing companies, and enter it into Jumei's database, so that it is convenient to calculate the cost now and to do big data analysis in the future. By the way, I have a basic understanding of the difficulty of informatization transformation here in the future.

For Qu Li, the more intuitive feeling is that there are really many clothing companies in Guangdong Province, and the competition is really fierce. This may be the reason why Shein was able to rise later. Shein will release 5000~6000 new SKUs every day, 7 New products can be released in just one day, and there is no inventory pressure. Behind this extreme supply chain (personalization, small batches, multi-batches, and fast delivery) is likely to be achieved by squeezing suppliers (foundries).

In other words, the success of Shein is not the pride of the Chinese women's industry chain, but a shame. Shein did not bring higher profit margins and higher efficiency, but passed the risk to those at the bottom of the supply chain. A large number of garment manufacturing enterprises.

Qu Li strolled on the grounds of Panyu, feeling a little heavy on his mind. It is better not to tell those venture capitalists about these things, otherwise the capital will force him to grow by squeezing the manufacturing industry. If you consider it purely from a commercial point of view, there is nothing wrong with doing this. When the two brands of Danlin and Xiangyun grow to the size of Uniqlo and Zara, there will naturally be many ways to make yourself "good", just like Rockefeller in the United States. A bloody businessman can become a global civilized philanthropist. What else is impossible in a commercial society?

Forget it, I don’t think so much, Shein is not an Internet technology company, but Jumei is, maybe he can use information technology to win more profits for the foundry. If it is impossible, when competitors appear, they will use their scale and brand advantages to crush them at a low price. Thinking about it this way, monopoly seems to be beneficial...

It's a pity that there are almost no barriers to entry in the clothing industry, and it is almost impossible for monopoly enterprises to appear forever. Sheins, synonymous with low quality and low price, may be driving Chinese clothing manufacturers to Vietnam, Bangladesh and other countries.

Looking at it from another perspective, this does not seem to be all a bad thing. The technology upgrade of closed companies to match the Shein model of quick return of small orders will naturally eliminate a large number of small business owners who have lost their hearts. If these small and medium-sized enterprises can really adapt and survive with gusto, they will have more opportunities in the future era of flexible mass production.

For Jumei, Danlin, and Xiangyun, the first thing to do is to create a supply chain ecology, that is, to closely combine a large number of suppliers for efficient collaboration through the supply chain management information system. Qu Li also has this vision to change the traditional manufacturing industry through the Internet, so Lin Bing and others are willing to join Jumei to start a business with him.