Reborn Entrepreneurial Giant

Returning to Time Jumei, Xiangyun was an unexpected surprise. Qu Li continued to understand the progress of Juhuasuan's rural e-commerce. He knew that there were many pain points. How to ensure low loss rate during fruit delivery and ensure low loss during transportation. Packaging costs.

Fortunately, Qu Li has bought fruits online many times before and knows how they make them. However, the cost cannot be reduced at the beginning. He can only wait until the scale becomes larger and cooperate with a packaging factory to build a factory nearby to reduce packaging costs. .

What needs to be done now may be to improve the packaging quality of agricultural products in various places through subsidies, ensure the loss rate during transportation, simplify the compensation process, and improve user shopping experience.

Qu Li really doesn't dare to give out products that only provide refunds but no returns. This is so hateful and a test of human nature. It will be good news for the Wool Party. Unless the artificial intelligence algorithm is further optimized and personal credit scores are widely popularized, in the future only people with high credit will be able to return goods without refund.

Huang Zheng has no objection to this. He may not have thought of such an extreme operation as only returning goods without refunding, but since there is an audit, the number of customer service personnel will increase. Should we increase customer service or relax restrictions to make it easier for users to take advantage?

For enterprises, how to choose is not only a moral issue, but also an economic issue. Qu Li can stick to the bottom line and be flexible, but survival always comes first.

Originally, Qu Li wanted to go to the front line in rural areas, but now there are many things to do, and he has to travel to China and Japan. He is too busy, so he has to sit at the headquarters to watch their performance. Time Jumei's talent promotion is not only based on performance, but also on values, including Qu Li's personal choices.

In addition to Huang Zheng, there is now Jiang Fan, who transformed from the person in charge of Jumei Mobile APP and went to Singapore to take over Shopee.

Of course, now that Lin Bing has returned to the headquarters, he is Jiang Fan’s immediate boss and is directly responsible for international business, including WeChat, Instagram, etc.

Changing generals on the spot is a taboo for military strategists. Lin Bing replaced Huang Zheng in charge of WeChat and Instagram. If something went wrong, it would be over. So Qu Li still has to keep an eye on it. He doesn't care about Lin Bing's face or not. These two applications have strategic value, and not everyone can use them.

Qu Li was working in Yangcheng, but there was no result in Xingsha. However, there were additional factors that affected him. A well-known P2P company suffered a thunderstorm last year. This year, a large number of P2P companies ran away. Under the huge risk, the regulatory authorities were widely question.

Qu Li was one of the first entrepreneurs to question the security of P2P. At this time, someone finally saw how good he was. Some people used his "vision" to criticize others. Why can Qu Li see the risks but you can't? Are you charging money? Already?

Then Qu Li was implicated and complained by many influential people. This is not a good thing. It is not the public opinion environment that can affect Qu Li's "future". Just as Baidu Qianfu pointed out, business continues as usual, with annual revenue annual growth.

Relevant departments have finally launched an investigation into Baidu's search for Wei Xi. The Internet is applauding, but unfortunately the final result is destined to be disappointing. They have cooperated with relevant departments in information protection and have made great contributions. What can happen? In the end, medical advertising was sold for many years.

However, Time Guge Search once again stood up and emphasized that the entire industry is generally poor and has no advertising value.

Although Guge does not do medical advertising, it dare not say that it is quite easy for its friends to slap them in the face. Even ByteDance, which does not do medical advertising, was fined when it found the opportunity. There are always medical advertisements entering the public eye in various forms.

Feng, a well-known domestic businessman, publicly supports Putian Hospital, but unfortunately he refuses to go to see a doctor himself. When a hospital's purpose is not to treat patients and save lives, but to make money, how can you trust the integrity of this hospital, let alone their advertising?

It's just that Qu Li doesn't want to say anything anymore. With his status, anything he says will attract attention, but anything he says will only do him harm and no good. As a businessman and entrepreneur, the most important thing is not the public's recognition of him, but success. Continuous success, as long as you fail, everything you do may be a sin.

Back at the company, Qu Li continued to promote the work in his hands, such as Time Jumei's acquisition of Carrefour China, such as Shopee's development in Southeast Asia. Due to various indescribable reasons, it was temporarily suspended, so Jiang Fan wanted to restart the Japanese market.

Jumei Juhuasuan only targets the domestic market, while Shopee targets the global market. Can a young person afford such a heavy responsibility? But when I think about it, I feel that I am overly worried. Shopee’s overseas development model has gradually matured under Huang Zheng’s hands. Everyone is young and full of energy.

The key is money. Last year, Shijimei raised US$3 billion, and Shopee received US$1 billion. Of course, the money has not been used up, but to develop mature markets, we either have to wait slowly, or spend more money to build a future.

"The Federal Reserve started raising interest rates last year and may have entered a rate-raising cycle. The yen may have begun to appreciate..."

Qu Li also knows that CMEF has chosen a good time to invest in Mitsubishi Motors. Since the acquisition negotiations with Mitsubishi Group last year, funds have entered Japan. At that time, the exchange rate of one U.S. dollar was about 125 yen. Now it has dropped to 120 yen, and will continue to do so. appreciation.

For multinational companies, exchange rate issues are very complicated. The teams of Glory and Shijiangjumei have been accumulating experience. Qu Li listened to it more and made Future Geometry pay more attention to it.

As the U.S. dollar raised interest rates, global capital began to flow into the United States. Many countries, including China, faced capital outflows and currency depreciation. Therefore, many of the investments he discussed abroad last year were suspended or delayed.

None of this is important. The key is that Guangzhou Jumei has been borrowing money over the years. Now that interest rates have been raised, financing costs will definitely increase.

"But it's still much lower than the cost of direct financing in China and Xiangjiang!" Bian Liang explained that as CFO, he did make a lot of mistakes on exchange rates and other issues, causing the company to lose a lot of money, but Qu Li saw that he To grow, give him a chance.

Of course, reserve CFOs are already being cultivated. With so many financial directors of subsidiaries at Shijing Jumei, they rotate their positions within the financial system of the head office. It is easy to find a deputy for Bian Liang. It gives him both opportunities and pressure. This is Qu Li's consistent principles.

"How much money have we borrowed?" Qu Li is worried that the debt pressure is too great

"Last year, US$3 billion was debt-for-equity swaps..." Bian Liang gave data. Shiguang Jumei borrowed several billion US dollars. The coupon rate of the 5-year term dropped to about 2.5%, and the interest rate of the 10-year term was slightly higher. At 3%, it is already very good.

Even if the Federal Reserve raises interest rates and Goudong issues corporate bonds at this time, the 5-year coupon rate is 3.125%, and the cost of issuing U.S. dollar bonds in the United States is still so low. Now the credit ratings of Time Jumei and Amazon are basically the same, and the bond issuance interest rates are not much higher.

Over the years, Shiguang Jumei has often issued US dollar bonds, which has become a routine operation. It is not just them, Amazon has borrowed more money than them. It can only be said that the U.S. capital market is really attractive.

The current exchange rate of the soft sister currency is 6.5, and it may depreciate, but considering that this fund is mainly used in foreign markets, there are not so many worries. Qu Li and Lu Qi both agreed to issue US dollar corporate bonds, and Bian Liang made plans.

Jiang Fan received preliminary permission and began preparations to enter the Japanese market. It is not appropriate to say this, because Japanese consumers have always been able to shop on Shopee, but through international postal channels, the timeliness is not strong. They are now preparing to establish overseas bonded warehouses in Japan to shorten delivery time. (End of chapter)