Reborn Entrepreneurial Giant.

Chapter 98 Examining the Supply Chain

Wu Hongning, who was in charge of the handover in Pengcheng, chatted with Qu Li from time to time, discussing the yet-to-be-established China Investment Corporation. It was said that the first investment had already been targeted, and the former head of the Financial Secretary in Xiangjiang was working as a matchmaker for a private equity fund in the United States. .

“The first investment exceeded more than 200 billion soft sister coins, which is amazing.”

"Is it necessary to invest in a private equity company?" It was difficult for Qu Li to understand the logic of Huatou's investment. Is it because he wanted to make friends with Blackstone and not make money?

Many people in the country, including domestic propaganda, give people the impression that high-level officials of the country do not make mistakes. At the extreme end, they believe that state-owned enterprises are moral benchmarks and that all investment behaviors have profound meanings. Losing money is not important. There is strategic value behind them.

I won’t go into detail. Anyway, the fact that China invested in Blackstone and asked for 10% of the non-voting shares was a loss-making deal from any angle. It was not until ten years later that the stock price returned to the issue price, but Qu Li didn’t know why. , so it is difficult to find a reason to refute it.

"Who knows, private placement listings are not that common."

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

"I don't know, this level of investment is not something I can get involved in."

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

"Paulson Institute?"

"Well, I invested $2000 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 4000 million U.S. dollars, so you don't have to worry about me running out of money. These losses are completely within my tolerance."

"Did you really make $9000 million on Comet?"

There has always been a rumor on the Internet that Qu Li earned 9000 million US dollars in the United States, but many people don't believe it. Capitalists have no good men and women. It is true that "Comet" has a box office of more than 3 million US dollars. Many people use "Harry Potter" as an example. , Warner actually made a loss on its investment, so don’t doubt the shamelessness of Hollywood film and television companies.

Under such remarks, many people are dubious. The success of "Comet" was too accidental. If Qu Li hadn't seen the money, he would even doubt its authenticity ("This Man from Earth" has a global box office of US$3.5 million. Not really).

"This is not important. What is important is how you gain a foothold in Huatou. Do you rely on relationships to gain a foothold there, or do you rely on your ability to speak for yourself?"

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

"How do you want me to guarantee that?"

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

"what do you mean?"

"What can I mean? Do you want to bet that a financial crisis will break out in the United States, or that the international crude oil price will exceed 80 US dollars?"

Don’t think that a financial genius must be a top student. If you are lucky, you can become a genius.For example, if Wu Hongning really listens to Qu Li, he will most likely become a genius of Huatou.

Wu Hongning's expression changed, he didn't say anything, and left with deep thoughts.

Qu Li continued to stay in Yangcheng, visiting OEM factories and strictly controlling quality. Well, quality is actually directly related to OEM fees. If you don't have money, how can the factory arrange people for you.

But how high the cost of the foundry needs to be, Jumei needs to have knowledgeable people who are familiar with the costs of each process in the factory. After knowing their details, Jumei can generously leave enough profits for these companies, thereby ensuring quality .Those rich people who spend money from the beginning will only be deceived by others as if they are two hundred and fifty.

When Qu Li ran to the factory, he discovered that Guangdong Province was full of killers, and some people seemed to be innovating and playing new tricks.Relying on his identity as the originator of Shamate, Qu Li went down to the grassroots level and communicated with his "downlines". Sometimes he would take photos and group photos together to find key talents from within, and gradually became familiar with all aspects of the clothing enterprise.

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 to facilitate cost calculation now and big data analysis in the future.By the way, I have a basic understanding of the difficulty of information 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 can rise later. Shein launches 5000~6000 new SKUs every day, 7 New products can be released every day, and there is no inventory pressure. This ultimate supply chain (personalization, small batches, multiple batches, and fast delivery) is likely to be achieved by squeezing suppliers (original factories).

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

Qu Li was walking on the ground in Panyu, feeling a little heavy. It was better not to tell the venture capital investors about these things, otherwise capital would force him to grow by squeezing the manufacturing industry.If you consider it purely from a business perspective, there is nothing wrong with this. When Danlin and Xiangyun brands grow to the scale of Uniqlo and Zara, there will naturally be many ways to become "good", just like American Rockefeller who has always carried Even a bloody businessman can become a philanthropist for global civilization. What else is impossible in the commercial society?

Forget it, don’t think about it so much. Shein is not an Internet technology company, but Jumei is. Maybe it can use information technology to gain more profits for the foundry.If it really doesn't work, just use the advantages of scale and brand to crush them at low prices when competitors appear. Thinking about it this way, monopoly seems to have benefits...

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

But looking at it from another perspective, this does not seem to be all bad. The technological upgrading of bankrupt companies to match the Shein model of quick returns for small orders will naturally eliminate a large number of small business owners who have lost their enthusiasm for business.If these small and medium-sized enterprises can really adapt and survive happily, they will have more opportunities in the future era of flexible mass production.

For Jumei, Danlin, and Xiangyun, they must first create a supply chain ecosystem, that is, through a supply chain management information system, a large number of suppliers can be closely combined for efficient collaboration.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 and start a business with him.