Reborn Entrepreneurial Giant.

Chapter 171 Lehman sells off Jumei stock

Qu Li arrived at Honor's branch in Pengcheng and went to BYD's foundry to have a look. Apple's iPhone 3G was released and was popular in the market, but its impact on Honor was limited. There were too few excellent smartphones on the market, and it was not good for Honor. The biggest impact may be the launch of HTC's Android smartphone.

However, despite the surge in domestic sales, Honor increased orders for the 2G version to 150 million, expanded overseas to more than a dozen countries, and placed orders for the 3G version to 300 million.This is the order placed by Honor to BYD, and the operator’s order is around 8%.

During this period of time, with the help of consulting companies, Honor quickly became formal and established various processes to limit its rights.Qu Li doesn't care about this. Anyway, what he is best at is strategy. As long as there are no problems with the strategic direction and the company's internal conflicts are not serious, Honor can maintain rapid growth.

The Pengcheng branch is not important now. It is mainly for cooperating with BYD, arranging employees to stay here, and even joining BYD's foundry to be responsible for quality supervision and process improvement. The mobile phone R&D team is mainly in Beijin.

He didn't stay long before he returned to Yangcheng. Jumei's financial report for the first half of the year was announced, with domestic revenue of 6.5 million and foreign revenue. I really forgot.This is not important. Anyway, the stock price fell after the news was announced, and the decline was very large and very fast. Now the price per share is less than 10 US dollars.

"What's going on?" Qu Li asked Wang Yunliang when he returned to the company

"Preliminary findings indicate that Lehman Brothers was selling."

"Have they contacted us?"

"no!"

"I'll make circles and crosses!" Qu Li didn't expect Lehman Brothers to do this to him.

"Is there any large-scale coverage by domestic and foreign media?"

"Not yet, but we will definitely find that Alibaba's stock price has fallen more than ours."

"They are B2B and cannot compare like this. What is the reaction within the company?"

"I have repeatedly emphasized that we knew about the subprime mortgage crisis before going public, but our company is developing very healthily..."

"I'm afraid it will affect the company's reputation, suppliers and talent..."

"We will try our best to publicize it." Xu Lei, okay, actually there should be more people appearing, but there are so many names that I really can't remember, so just treat it as one person with multiple roles.

"Have all the spokespersons been agreed upon? We signed the contract in the name of Jumei Group. Domestically we use Jumei*Xiangyun, and abroad we use Shopee*xyun." Changing the name Kuang Mo Qu Li changed Xiangyun's English name from Sclouds After becoming xyun, he thought it looked better this way.

"It has been negotiated, and the price has increased a bit, especially for Bolt. We just signed a five-year endorsement contract. After the London Olympics, he broke the world with a time of 5 seconds at the Reebok Track and Field Grand Prix in New York. record..."

"Are there any provisions to prevent risks, such as retiring due to injury due to engaging in dangerous sports? After all, we have no experience..." Qu Li is worried about being taken advantage of. The junk contracts of NBA teams are scary to think about.

"Our contract is based on Adinaike's template..."

There should be a confidentiality agreement in Adinaike's contract, right?Qu Li wanted to ask, but in order to pretend to be knowledgeable, he automatically ignored it.

Endorsements cost a lot of money. Whether they will be effective will have to wait until the Olympic Games opens. By then, Xiangyun will have Michael Phelps, who won 8 gold medals, Usain Bolt, the fastest human being, diving queen Guo Jinjing, and badminton overlord Super Dan. They will all After signing for three to five years, these are already the best value for money.Kobe may be the best choice, but his endorsement fee is high.

In fact, as a sports brand that mainly sells online, it is not cost-effective for xyun to find a spokesperson at this time. It is because he can find a hidden gem like Bolt before everyone else that the endorsement becomes suitable.

"How do you choose between Baosheng and Taobo?" Qu Li asked Chen Danlin, Xiangyun wants to advertise, if consumers can't find it in an offline entity, then why not waste advertising money?

"Baosheng International has just been launched and is more suitable for our needs." Offline is just a supplement. It appears in multi-brand stores, large sports cities, and may have brand flagship stores in the future, but online is their main sales channel.

After Xiangyun is Danin. Yangcheng’s flagship store is in Zhujiang New Town. It is not easy for a clothing brand to survive in Yangcheng. I hope Danlin brand can go smoothly. Offline physical stores mean increased inventory. There's no way

Danlin Women's Wear is now cooperating with fashion magazines. The goal of learning is not the kimchi country but the global fashion. The next step is to establish a community similar to Little Red Book. Unfortunately, Qu Li has never used it. It is just hearsay. After the idea comes out, young people People are in charge.

"How much money do Jumei Logistics and Juyun Technology need respectively? Announcing the news should be able to alleviate the downward trend, right?" Qu Li asked after having almost understood the situation.

"It should be possible!" Wang Yunliang could not guarantee: "But the valuations of these two companies are very difficult to calculate, let alone manage..."

"What should we do?" Qu Li agreed after listening to Wang Yunliang's explanation. In any case, it is absolutely impossible to delay the development of the two companies.

"How about Jumei start targeted financing?"

"Of course I do. Jumei Logistics is okay. I believe everyone can understand the importance of logistics; but Juyun Technology is too uncertain. If it fails, it will seriously affect everyone's interests..."

"I personally support it. There is no problem with the underlying logic of developing Juyun Technology. Through extensive data analysis on Taobao and Jumei, we can now see this trend: the more consumers there are, the more servers will be used during peak periods. The greater the pressure, the more idle server resources will be during the trough period." Lin Bing finally came forward to support this time. He had always been skeptical about Jumei's demand for cloud computing, but he did not have enough evidence to question Qu Li's decision. Logic, now seems to have made a decision.

"In addition, although there are more and more types of products, these are the only pages presented to consumers. Personalized recommendation algorithms will definitely become the standard for e-commerce shopping..."

"So Taobao blocks Baidu search crawlers, but we have not imposed restrictions?" Someone thought of this.

"Uh, can you explain it like this?" Qu Li was a little speechless. He was just because Jumei was not as powerful as Taobao. Anyway, he couldn't earn advertising fees for the time being. It was better to let other brands advertise on their own. It would not be in vain for Jumei to do so every year. Add advertising dollars to whiteness.

"What about artificial intelligence?"

"There is not much investment in this area, so we can let it go first..." Qu Li saw that they had made so many compromises and could not continue to fight to the end.If you cannot be a pioneer in the high-tech industry, then you must be the best Internet technology company in China.

"Hey, what's going on over there at Goudong?" Qu Li, who doesn't feel happy about things but not sad about himself, asked about Jumei's first acquisition after it went public.

"Dadongzi is still struggling and looking for venture capital..."

"Once a venture capitalist starts talking to Gou Dong, our home appliance department will send out news that it will go online soon." Although Qu Li admires Dadongzi, business is business, and if he really wants to become an enemy, he can only destroy him first.