Reborn Entrepreneurial Giant

On December 16, Jumei’s stock price opened higher by more than US$50, with a market value of more than US$10 billion. Compared with less than US$10 a share at the beginning of the year, it has increased by more than 5 times within a year. No matter which stock market it is in, it is a big bull stock.

Wall Street and domestic financial circles are discussing the stock of Jumei, and many people don’t take it seriously, because Jumei’s debt ratio is too high, with interest-bearing liabilities exceeding 1 billion US dollars, and the total debt is close to 20 billion (no money is paid to suppliers after the sale of goods Liabilities), but Jumei’s global revenue is only 35 billion, the risk is too great.

The Internet industry doesn’t care about these things. This is a place that many people yearn for in Google. A series of reports occupy the headlines of the major media for the next week. The weekly and monthly magazines of major print media put this acquisition on the front page.

Many people unanimously discussed this acquisition together with Ahri’s acquisition of Yahoo Zhongwo. You must know that Yahoo occupies about 40% of the shares of Ahri Group (the actual share is rounded up here), and Ahri’s founder team is about 32 %, Softbank about 28%. In such a comparison, it is obvious that Jumei has taken advantage of it.

If the acquisition plan of Jumei and Google can pass the board of directors, the total share capital will increase to 220 million shares. Among them, Qu Lijia still has equity incentives that have not been fully realized. There are a total of 81 million shares. Lin Bing, Chen Danlin, and Dadongzi add up to more than 36 million shares. %.

If the founder of Ari has lost control of Ari Taobao in terms of equity, then the Jumei team has firmly controlled Jumei. The proportion of shares is just an appearance, which represents the stability of the company's operation and team. Which one is more reassuring between the combination of Yahoo and Ali, or the combination of Google and Jumei?

Outsiders only see the beauty of Jumei, but this means that Shopee may be hurt. You must know that unless the top executives of Google are fools, they did not withdraw from the Chinese market because of economic considerations. So, if you want to acquire Google Zhongying, you don’t have to be rich. Maybe some people only see Jumei’s concessions, but in fact both parties have made a lot of concessions.

From the sale of Shopee to Google’s shareholding in Jumei, becoming a minority shareholder of them, the price of Google’s shareholding in Jumei is determined in a very short period of time. Every step of the change may consume a week or two for other companies to make adjustments, but Jumei and Google Compressing the time of all this into two months, it all started from the iPhone conference, Qu Li wanted to send a letter to Qiaobusi to thank him for the opportunity he created for himself.

Of course, during the past two months, Qu Li has been under tremendous pressure every day, which is beyond the comprehension of outsiders.

"Congratulations, you are the best entrepreneur I have ever seen, as good as Larry and Brin. If you were in the United States, I believe you will achieve even greater achievements..." Schmidt spoke with Qu Li chatted for a while, and then visited Glory together.

The success of Gpad is beyond the expectations of Google Android. It is hard for the man of science and technology to believe why so many people buy an enlarged version of Honor G3, but Honor has exceeded their imagination time and time again. As the leader of all this, Schmidt and It is hard for the Google duo to doubt Qu Li's ability.

Schmidt re-examined the initial versions of Nexus in Honor, and expressed his gratitude to the designer Qian Cheng and others. The design style of this phone is very different from the Honor metal right-angle frame, and a large number of arc-shaped designs and detachable With a plastic case, consumers can replace the battery by themselves, unlike Honor G2 and G3 batteries, which are not removable.

The Honor G series has a metal right-angle frame, the magic series has a metal arc frame with a flat back, Google Nexus has a plastic arc design, and the iPhone has a rectangular arc corner on the front and an arc design on the back.

High-end mobile phones have their own design language and style. The design of Honor mobile phone is very beautiful. In 2009, it almost won the world's major industrial design awards. A more realistic benchmark, rather than blindly pursuing the height of Honor mobile phones.

After seeing the finished product in Beijin, Schmidt went south to Xingsha. The OEM factory for Nexus mobile phones is in BYD Xingsha factory. Google will release this phone in January next year. He wants to go to see it on site.

BYD used to be the foundry of Nokia and Motorola, earning hard money. Now it is an OEM for Honor, and its excellent quality has been recognized by consumers around the world. Although there was financial support from Honor and Vision Investment during this period, Wang Chuanfu And BYD Electronics has overcome many difficulties.

Because of Buffett's shareholding, Glory and Qu Li's recommendation, Google Schmidt also knew that there is an entrepreneur like Boatman in Zhongying, and the two will meet when they come to Xingsha this time. Google Nexus mobile phones only need WCDMA standard, and the order volume is not large, less than 1 million units. Unlike Honor G3, BYD Electronics placed an order of 10 million units from the very beginning.

Schmidt's visit to Glory attracted many people from Glory to watch. Lei Jun and others were like fans. The attraction of the top entrepreneurs in Silicon Valley was not comparable to that of Qu Li.

By the way, what is Honor's current valuation? Since the Lehman Brothers were kicked out last time, they have no major capital operations, and the corporate bond issuance that was originally planned to be issued in 2009 has also been delayed due to various issues. Unlike Jumei's bbb rating, Honor has reached A-level. This is because its establishment is too short, and it will not be difficult to catch up with Apple in a few years.

Schmidt left Beijin and went south to Xingsha. The leaders of the Ministry of Industry and Communication came to the former Motorola Building and Qu Li and other Jumei executives to understand the situation. Seeing that Qu Li's mental state was not as good as before, he knew that he was under a lot of pressure.

"Although work is very important, your body is even more important. You have gathered so many elites, so don't let Qu Li get exhausted..." The big leader said with a smile. Only then did Lu Qi, Lin Bing and others realize that Qu Li's condition was not good. how good.

"Everyone is under the same pressure for this acquisition." Qu Li said a few words briefly, and got to the point. This acquisition is very complicated, and there are still many details that have not been discussed, but the high-level executives of both parties have signed, and the remaining details will not be discussed become an obstacle to cooperation between the two parties.

"Although Google has not acquired Shopee, Shopee's product data will be open to Google search, and the traffic imported into Shopee through Google will incur fees...

In addition, Brady, the current CEO of Shopee, will give up the stock options of Jumei, bring a team to join Google, and become the leader of Google shopping..."

"Google's shopping function will cooperate with Shopee next year, and it will be opened in markets such as North America, England, and Japan in the initial stage. Simply put, we have harvested traffic, and they can harvest more advertising fees, including e-commerce advertisements from brands."

In the future, the scale of e-commerce advertising will surpass that of search advertising. In 2021, Amazon’s advertising sales revenue will be 31.2 billion US dollars, accounting for nearly 80% of the market share. If Google Shopping can really occupy a place in the field of e-commerce advertising segmentation, this time and Jumei's cooperation is very cost-effective.

"You didn't take advantage of the acquisition this time!" said the head of the Ministry of Industry and Communications

"It's so easy to get cheap!" Qu Li's tone was a little low. Even without Google's heroine, Jumei's market value may still exceed 100 billion US dollars. Google becoming a shareholder of Jumei is a big profit, but now With an excellent team of nearly 700 people in Google, will the road ahead for Jumei be smoother?

"Next year, FB and Google will import traffic at the same time. Shopee will have both opportunities and challenges..." Lu Qi stood up and explained that there is no such thing as a good thing in this world.