Reborn Entrepreneurial Giant.

Chapter 167 Negotiating the purchase of Goudong

Qu Li set up a charity foundation in Xiangjiang. He originally wanted to call it the Yeji Tianming Foundation, but the second part of "Qin Shi Mingyue" was about to be released. He was really embarrassed to do this, so he changed it to the Tianming Foundation. The direction was Ecology, environmental protection and education.

The shelf was put up, but it was actually an empty shell. The first donation was 1000 million donated by Qu Li through the Tianming Foundation in the name of himself and Chen Danlin, which was transferred to Li Juju's Yi Fund.Don't worry about the specific operation. Qu Li has money in his domestic account.He doesn't want to use this donation to avoid taxes, and other things really don't matter.

"We are discussing today whether we should do it ourselves or acquire Goudong?"

"My reason is that talents are rare. Dadongzi was born in a poor family. Through his own efforts, he got where he is today, but he never forgets his original intention..."

"The development of Goudong is different from that of Jumei. We are technology-driven, while he is market-driven. The reason why I chose technology-driven is because of the limitations of my own and the team's capabilities. It does not mean that we don't care about the market. We will definitely face Amazon next." With Ali competing in the Chinese and American markets, we need people who can fight tough battles at this time."

"Of course Xu Lei can, but he can't do all the work on his own. It's not that I don't give others opportunities, but Dadongzi doesn't have as many resources as we do. Last year's revenue was actually 3.6 million. This year, if there is no shortage of money, there is a high probability that it will exceed 10……"

"I admire his ability very much..."

After Qu Li finished speaking, he waited for Lin Bing and others to express their opinions.

"If you acquire Goudong, how will you arrange them?" Lin Bing asked

"We provide logistics and information support, allowing them to stay in Beijin as an independent electrical appliance mall, and then gradually merge into the Jumei system. Dadongzi is named vice president in Jumei and is responsible for Jumei's electrical appliance business."

"How to acquire it?"

"I must give you shares. I do it mainly for Dadongzi, and secondly for Goudong?"

"I agree in principle, but it depends on the price. If it's too expensive..." Lin Bing nodded, and Qu Li admitted that he had shortcomings in ability. He was not stupid enough to think that he was omnipotent, so he should do his job as CTO first. , the middle office he is responsible for is the most powerful department in the company.

"I also agree to acquire Goudong. 3C products have not been figured out yet. It is indeed too fast to develop the home appliance category at this time, but we have to be fast. Taobao's transaction volume last year was 433 billion, and this year it is likely to exceed 1000 billion. Our business this year The revenue is expected to be 20 billion. The gap between the two sides is too big..." Xu Lei spoke in support.

"We may lose money this year, and the losses will increase next year. Under the influence of the subprime mortgage crisis, it will be difficult to raise funds from the market this year and next year. The financial pressure brought by the acquisition of Goudong will be great, right?" Chen Danlin

"This is indeed a problem. Jumei Logistics and Juyun Technology are both..." Wang Yunliang stood up. Jumei Technology, which does cloud computing research and development in Beijin, will not make money in a few years. Although Jumei Logistics provides services to brand owners , but there is a large amount of fixed investment, the profit cycle will be long, and continuous investment is required.

"I have some money invested in Jumei Logistics and Juyun Technology. When the time is right, Jumei can repurchase the shares of these two companies."

"This is not a small amount of money, and it may last for several years." Wang Yunliang

"I won't go into details about the importance of Jumei Logistics. Even if Juyun Technology has been losing money for 10 consecutive years as long as I can see hope, I will not give up. Even if the 30 billion soft sister coins are wasted in the end, I will accept it... "

"30 billion? That's enough for the time being." Wang Yunliang considered that things would not be extreme. Jumei's Sun and Moon Fenghua, in addition to Danlin women's clothing, would become increasingly profitable.Even if it doesn't break even, it can achieve positive free cash flow within a few years.

Don't look at what other people say about Amazon. It's amazing that Goudong has not gone bankrupt after losing money for more than ten years. If you look at their financial reports, you will know that this is nonsense.

Amazon's operating gross profit margin has been around 25% for a long time. After the outbreak of cloud computing business, it increased to around 35%. Goudong lags a lot. In the first few years, it was always within 10%, and later increased to around 15%.

This operating gross profit margin is very convincing. Simply put, Amazon earns 100 to 20 US dollars from selling 35 US dollars of goods. Why do you think it loses money?Of course, we will continue to invest, increase the size of the server, and explore overseas markets...

Jumei's situation is similar. The operating gross profit margin of clothing and cosmetics is more than 20%, mobile phone 3C products are within 20%, and home appliances will be reduced to about 10%. This does not include the profit of Riyue Fenghua, which must be sold at a price increase of at least 50%. Not to mention those from the United States.

However, the sales proportion of Sun and Moon Fenghua products in the Jumei system is already less than 20%, and there is a high probability that it will be less than 10% this year, or even lower, but the unit price of mobile phone 3C home appliances is high.

Having said so much, in fact, in one sentence, Jumei makes money, and loses money because of continuous investment, especially asset-heavy investment, such as Jumei Logistics buying land to build warehouses.

Now that Qu Li has promised to invest in Jumei Logistics and Juyun Technology, Jumei's investment will be significantly reduced. As long as the numbers are controlled well, it is even possible to turn losses into profits. Everything is just a numbers game.

Next, Wang Yunliang's financial department became busy. While pricing Jumei Logistics and Juyun Technology, he contacted Capital Today to test Dadongzi to see if he had the idea of ​​selling Goudong.

As for Qu Li, he is going to Pengcheng to discuss cooperation with BYD Boatman to develop automotive chips, mainly IGBTs. If Boatman disagrees, he has Jiaxing Star as a backup.It is said that when BYD Semiconductor IGBT reached the fifth generation, Jiaxing Star caught up with Infineon and mass-produced the seventh generation IGBT.

"I will not participate in management. As long as BYD insists on investing in research and development, ensuring that the technology does not lag too far behind, and can guarantee supply when I need it..."

"No problem at all..." Brother Boatman is very talkative.

BYD officially established an IGBT R&D team in 2005, established an IGBT module production line in 2007, and completed the assembly of the first electric vehicle IGBT module sample.At present, the industry leader Infineon has also found competitors through telescopes, including BYD.

But the problem cannot be viewed this way. BYD insists on giving priority to self-use, and uses BYD cars to feed BYD Semiconductors. What you pay for must be rewarded, and honest people cannot be allowed to suffer.

"Are you really planning to build a pure electric car?"

"Of course, but I'm not in a hurry. Pure electric vehicles are the carrier. I would rather build driverless cars."

"Are you kidding me?"

"Google has already done research in this area, but I feel that they are too radical and want to directly implement driverless driving. I want to do advanced driving assistance systems first, step by step..."

"Do you need any help?"

"When I have the product, you will have to buy more."

"Of course, I will support domestic production."

Haha, Qu Li doesn’t believe it. You, like Hua Wei, want to make it yourself.