Reborn Entrepreneurial Giant.

Chapter 115 Lehman Backlash

Ahri is about to go public. Ma Daba wants to give benefits to Qu Li, Chen Danlin and his wife, and asks them if they want to subscribe to Ahri's internal shares. This stumps Qu Li.

Qu Li's hesitation soon made Ma Yun aware of something. At this time, Jack Ma didn't take Qu Li's Jumei seriously. Even the value of Ahri's B2B business was far greater than that of Jumei, let alone returning the favor. There is a Taobao.

"Not much, only HK$5 per share, a total of 100 million shares." Ma Yun said on the phone

"With such a good money-making opportunity, I asked Dan Lin to go to Hangzhou." Qu Li quickly agreed.

"Why let me go?" Chen Danlin was puzzled. Qu Li could have done it by himself.

"Sun Moon Fenghua will be selling through all channels in the future. Becoming a minority shareholder of Ali can deepen our cooperative relationship. And 100 million shares is not much, so just treat it as a bonus for them."

"Then I don't have that much money."

"Your money in the stock market has doubled several times, and you can still pledge your shares. How can you be short of money?"

"Oh, you can still do it this way."

"How about you, are you going?"

"Of course I'm going."

Chen Danlin quickly went to Hangzhou and invested money in shares. There were so many opportunities for rich people, and opportunities would come to their doorsteps just sitting at home.

"Ma Yun invited me to play the drums together when Ali went public." Chen Danlin excitedly told Qu Li after she came back.

"Well, when Jumei goes public in the future, you can ring the bell again."

"Then when can we go public?"

"I don't know, not now anyway." Qu Li knew that the financial crisis was coming soon. Starting from October 2005, 10, Jumei was established less than 10 years ago.

But sometimes things are so unexpected.

"Are you serious about letting Jumei go public?" Qu Li didn't expect that Lehman Brothers would do this to him.

"Of course, we can't joke about this kind of thing." Anderson pretended to be mature with a straight face. Thinking that others can't see the liar nature of investment banks?

"What do you think is the possibility of success?" It's not that Qu Li is not optimistic about Jumei. The key is that Jumei has not yet formed a core competitiveness.

"We are 80% sure." Anderson's face remained calm and his heart did not beat. It was not difficult at all to fool such an illiterate person.

"I'll contact other investors..." Qu Li didn't want to waste time and thought it would be better to let professionals communicate.

"But there is a prerequisite: Jumei must enter the US market."

"It's impossible, we don't have a plan for it, the cost is too high."

"What I mean is to let Xiangyun and Danlin brands be sold in the United States."

"..." Qu Li hesitated. If it was just a show, it wouldn't be difficult at all.

"I'll wait until you convince others. I don't want to do wasted work." Qu Li has no experience in foreign trade exports. He plans to start this plan in 08.Now I feel a little uncomfortable being pushed around.

I contacted Shen Nanpeng, Xiong Ge, and Xiao Dongying. They were also very shocked by Lehman's proposal. They still have the last tranche of financing not received, and they are about to go public now?

"Has Jumei's semi-annual report been out?"

"Is there any?" Qu Li looked innocently at Jumei CFO Wang Yunliang

"The statistics haven't started yet, but there are several key data."

"..." Everyone waited for him to continue

"Jumei's total platform sales exceeded 6000 million in the second quarter, and its total platform sales in the first half of the year were close to 1 million. Jumei's website sales in the first half of the year were approximately 4000 million..."

"..." Qu Li was dumbfounded. He remembered that it was only 50 a day not long ago. Could it be that the data was fake?

"I remember..." Qu Li asked his question

"This is a matter of statistics. Our single-day sales at the end of May exceeded 60, in June it exceeded 6, and in the beginning of July it was close to 70..."

Anderson quickly converted the numbers into U.S. dollars. Jumei's sales in the first quarter were more than 460 US dollars, and sales in the second quarter were 1315 million US dollars. Such data is not good-looking, but companies look at growth rates. In the second quarter, the growth rate increased by 286%. This is What is this magical speed?

Shen Nanpeng also felt that he had underestimated Jumei Quli. How did this kid do it? It must not be a fake. Wang Yunliang has a good relationship with him.

"I think Jumei is still in the period of rapid development, so there is no need..."

"I thought so too at first, but is Jumei's goal to be the Amazon of China? How much are you prepared to invest in logistics?"

"..." Qu Li really couldn't explain this problem.

"The clothing e-commerce business has such a high profit margin, why don't we focus on this?"

"I can explain this. Zhongguo's manufacturing capabilities are too strong and high profit margins cannot be maintained for a few years. If we don't build a moat during this period..."

"But these few years are enough for Jumei to go public and get a good valuation." Anderson

"..." Only then did Qu Li realize that the visitor was evil. Was he forcing himself to make a choice?

"What do you mean, you want us to change the company's development direction?" Qu Li thought about his 50% stake in Jumei, plus Chen Danlin's 11.2%, and Lehman Brothers' 10% was nothing to be afraid of.

“We don’t want to interfere with Jumei’s development, but becoming a Chinese Amazon requires a lot of capital, and we venture capital investors obviously don’t have that much money.”

It’s not that there’s no money, it’s that they won’t invest in China’s Amazon. The asset-heavy model is too scary. Silicon Valley venture capital has already learned a lot of lessons, and it’s worth being vigilant.

"Yes, Zhongguo's current logistics infrastructure is not perfect. Jumei wants to be B2C. There are many difficulties to overcome ahead. Ali is about to go public..." Shen Nanpeng seemed to have switched sides.

"..." What does this have to do with Ahri?

"Jumei is the largest fashion e-commerce platform in China."

You can still brag like this. Now that you have gained experience, do you still want Qu Li’s face?Well, this seems to be what he said when financing, Internet plus clothing, plus cosmetics, plus shoes and bags.

"I think Jumei won't expand in all categories for the time being. It's just right now." Anderson

Did I talk about full-category expansion, or did someone reveal internal company news?

"As an excellent fashion e-commerce company, by the end of this year or early next year..."

"I think it can be launched in advance. At this time, the international market is full of imagination for fashion e-commerce and Internet plus clothing e-commerce. In the future..." Shen Nanpeng

"Jumei's current valuation is US$3.9 million. Can the IPO exceed this price?"

"If Jumei can make some achievements in the US market, I believe the IPO price will be very high..." Anderson said calmly, seeming very confident.

Jumei's senior management also saw that something was wrong. Lehman Brothers had completely lost its previous friendliness and appeared aggressive.

At the end of the meeting, Qu Li promised to cooperate with Lehman's listing plan to a limited extent.Then he arranged for him to call Tian Yue, director of Xiangcai Securities.

"Several shareholders have agreed to transfer their stocks to Lehman Brothers under pressure from the provincial government. The specific shareholding ratio is unknown and should exceed 30%."

So, with the support of the provincial government, don’t you take him seriously?

"First, we need to express our attitude and insist on letting Lehman prove itself; second, let them succeed in the acquisition, but it cannot be so smooth..."