Reborn Entrepreneurial Giant.

Chapter 134 Clearing A Shares

Futukang and BYD can produce a large number of key mobile phone parts. With BYD's full cooperation, the procurement of Honor mobile phone parts will be much faster.Of course, this is not the point. Qu Li hopes that BYD will adjust the development direction of BYD Electronics and no longer compete with Futukang for the existing market, but for the incremental market of smartphones.

"I discussed with Wu Hongning from China Investment that the subprime mortgage crisis in the United States is very serious. The A-share bubble will burst soon, and sooner or later it will spread to Hong Kong. The valuation of BYD Electronics will be higher if it is listed one day earlier. It will definitely not be delayed until next year. There are current valuations.”

"iPhone and Honor allow users to consume more data, so it is easy to gain support from global operators..."

“Even if you don’t approve of the iPhone and Honor, you still have to see that the sales growth rate of Nokia, BlackBerry, and HTC smartphones far exceeds that of traditional feature phones…”

Qu Li spoke with his sharp tongue and chatted about the future with Wang Chuanfu. He hoped that while BYD Electronics would do well, it would also raise the treatment of Honor mobile phones to the same level as Nokia.

BYD is known as the world's largest polymer lithium battery company, but it has missed the market position of lithium batteries in the smartphone era. In the global consumer mobile phone lithium battery market pattern in 2020, Japanese company ATL ranks first in the world with about 37.96%, followed by LG Samsung and Samsung total about 21%, and BYD only has about 9%.

As for the mobile phone OEM business, we know from the stock price trend of Hong Kong stocks that before Warwick was hit, Futukang had a crushing advantage.Qu Li doesn’t understand the foundry industry, but he knows that smartphones represent the future. If Honor succeeds, it can support BYD Electronics.

Li Yinan brought the technical team to Pengcheng, and worked with Qu Li to work at BYD, adjusting the process and supply chain enterprises, and trying their best to make products as good as possible, especially the metal frames.After the trial production of Honor G1, it will have to apply for FCC certification in the United States, and it will also need to obtain a network access license from the Ministry of Industry and Information Technology in China.

At this time, the domestic A-share Shanghai Composite Index exceeded 5000 points and reached around 5500 points. Qu Li also arranged to cash out all the stocks he held. He did not want to wait until 6000 points.

He originally invested 9100 million. In just a few months, the worst stocks have doubled, several stocks with heavy holdings have tripled, and some stocks bought last year have increased even more.Anyway, after the private banking department of China Merchants Bank, which he had just joined, helped him sell all his stocks, he cashed out 2.4 million and paid off various loans and commissions in advance, leaving just over 2 million in the end.

The international crude oil price has risen to 80 US dollars a barrel, and the options he just bought have entered the profit stage, and the situation is very good.But what to do with the extra 2 million soft sister coins? We can’t short them in China. Should we buy a house?The risk is not great.

"Buying a house, what are you doing buying a house? You are so busy all day long, how can you have time to take care of the house." Chen Danlin refused. Career is obviously more important than the house.

"Tianming, if you have that time to buy a house, why not rush Lehman? We consumed too much money last month."

"Who asked you to transport shoes by plane? How dare you say that?"

"Isn't this a huge profit? Time is tight..."

Coconut shoes are priced at US$99 per pair during group buying, compared to US$149 per pair under normal circumstances. After selling nearly 2 pairs of shoes in the first round of group buying, 8 pairs of shoes were sold in August. In order to ensure timeliness, they shipped them directly by air, and added customs clearance fees. I paid a lot of emergency fees.Qu Li really doesn’t understand the Americans. Is it necessary for them to make ten times the profits?

You must know that the cost of Xiangyun Coconut Shoes is only about 100 soft sister coins. Oh, I forgot to calculate the R&D investment and marketing costs...

Shopee has a free shipping strategy for group purchases in the United States, so the unit price of the products will not be low. Xiangyun’s shirt and T-shirt combination, and Danlin’s sports and lifestyle suits have been launched successively. Shopee may have surpassed $8 million in sales in August.

In addition, the pictures of domestic products on the shopee website are basically provided by Jumei. They only need to add text labels, which greatly reduces the workload.

In September, Facebook and the American media frantically reported on this business miracle, and Shopee's attention in North America spread from Facebook to the entire Internet.Brady has expanded its product selection team, and many brands are willing to actively cooperate with them.

The pressure on Jumei is also great. It takes a month to transport goods from China to the United States. Their group buying will not only sell clothes. Shopee needs Jumei to provide more choices to maintain its popularity.

"If it doesn't work, it won't work!" Qu Li firmly refused to allow it this time. Shopee had just been established and had a weak foundation. It was impossible for them to mess around.

"Mainly focusing on clothing, shoes, bags and cosmetics, we cooperate with big brands such as Adidas and Nike, and let them or their distributors give discounts..."

Group buying is a one-time thing, and you don’t often sell goods on e-commerce. It can be regarded as a kind of promotional activity. It does not affect the sales channels of big brands, so it is possible to cooperate with big brands.

Brady did not insist. He might just give it a try this time to see the company's bottom line and persistence. Professional managers must consider not only the interests of the company, but also their own interests. He knew that Jumei Zhongguo's half-year sales were only With more than 1000 million US dollars, Shopee’s sales may reach 8% of Jumei’s.

Qu Li doesn't know what others think. The potential of the domestic e-commerce market is obviously greater than that of the United States. It may develop quickly at first, but what about after encountering Amazon?

"Instead of selling more categories, it is better to enter more markets. As long as shopee has this ability, the European Union, Japan and South Korea can..." Qu Li set the direction for shopee

"Okay, I get it." Brady admires Qu Li, the founder. The group buying model, Facebook's cooperation, and the key to the rise of Shopee were all created by Qu Li. "I'm just the executor of specific work!" After ending the call, Brady read the praise he received from the online media and warned himself again.

But no matter what, the purchase volume of Riyue Fenghua has increased significantly, and it needs to pay 30% of the cost to the foundry in advance. The rest will be paid after selling it. If there are quality problems, the money will be deducted from the payment.

This reduced the cost of Xiangyun and Danlin, but increased the pressure on the financial side, so they had to allocate part of the business to long-term intermediaries, allowing them to bear the financial pressure and some risks, but lack of money means lack of money, Jumei Investment By the time Sun and Moon Fenghua's funds had exceeded [-] million.

"Our logistics company has been officially established. We plan to invest 2 million this year. School recruitment has already begun. Jumei and Riyue Fenghua are planning to recruit 200 people this time..." Wang Yunliang

"Have you considered the financial crisis? This year is fine, but next year's foreign trade exports may be greatly affected..." Qu Li thought of this

"That's just right. We have sales channels in the United States and have a price advantage."

Shopee's express delivery is delivered through the USPS in the United States, and is usually delivered within three days. The charge for an express delivery is about 7 US dollars. It is difficult to reduce it to less than 7 US dollars in the short term. Adding the logistics costs from China to the United States, the logistics cost of each order is about Around $10.How about getting one in the United States for $59 with free shipping?

"So, if there is a real financial crisis, it will be an opportunity for us to grow rapidly?"

“We don’t have any money anymore, so if you can save more, just save more!”

Although he thought it made sense, Qu Li still found it difficult to make up his mind. If he really wanted to expand, the American branch would be strengthened again and again, and the consequences of not distinguishing priorities would be serious.

"It's not yet the case. Although shopee has a lot of autonomy, we have a middle-end system and process management..." Xu Lei gave his thoughts

After setting up the middle-end system, key data such as product sales on the shopee website are under control. As for process management, buying toilet paper requires approval from the headquarters. Well, Jumei is a startup company, so it is not so strict.

"When will Jumei be listed on the market?" Qu Li called Andrew and asked

"I think we can wait a little longer for shopee's development..."

"Made, wait for me, you don't need money to develop your business!"

"It still takes six months for Wall Street to see the potential of shopee."

"I don't believe Lehman didn't realize that the subprime mortgage crisis in the United States was spreading. Will our stocks still sell at a high price until next year?"

"We were already preparing to build publicity, but Shopee's success was too sudden. It might be better for Jumei to go public in one or two years..."

"What should we do if Jumei is short of money in the past two years? Jumei's model is so unique. Do you have a good valuation model? Why not let them ignore our investment in heavy assets now and focus on clothing e-commerce and brands? Operation..." Qu Li doesn't want to get entangled with Lehman. If Lehman Brothers still holds shares in Jumei before it goes bankrupt, Jumei will neither be able to go public nor raise financing. It is very likely that it will be cheated by Lehman. The belated Qu Li discovered another "accident" recently.

"Should Jumei at least provide financial statements for two complete fiscal years?"

"Then it starts from October."

"We still need to open PreIPO..."

"I personally loaned 2 million soft girl coins in cash to Jumei..."

"Since you insist so much, fine, Jumei will be launched in January next year at the latest."

That's good, Qu Li breathed a sigh of relief, his [-] million idle funds were settled.