Reborn Entrepreneurial Giant

The merger of Didi and Uber China means that the online ride-hailing war is basically over, but the sharing economy has just begun in China. B\u0026Bs, Ofo shared bicycles and other businesses have emerged one after another, but Shijimei has shown unusual restraint.

Live streaming, the rise of knowledge payment, VR/AR, drones, balancing vehicles and other hardware investments are turning from hot to cold. Behind these things, not only is Time Jumei cautious about new businesses, but even Honor is very calm.

Judging from the results at the end of the year, many concepts are hot, but only for a while. Glory and Time Jumei are still the leaders in their respective fields, with no signs of being surpassed.

At the Wuzhen meeting, many reporters asked Qu Li why the two companies were becoming more conservative.

"Perhaps internationalization is more important. We cannot cover more sub-sectors."

"How do you deal with the risks brought about by internationalization?" The reporter continued to ask. Domestic media noticed Honor's failure in the pickle country market. Although it has nothing to do with the brand itself, risks are risks.

"Accept it calmly and then accept that reality is imperfect." Qu Li

"Aren't you trying to change?" Reporter

"What do you want to change?" Qu Li

The emergence of Chuangpu and the various opinions spread in American society have made some people discover that the world has changed, but they are not very clear about it now.

There are actually fewer reporters asking about these things. More people still ask about companies, industries, and his views on the future, peers, and current things.

For example, Time Jumei’s acquisition of Carrefour was definitely a surprising event. Another event was Sinochem’s US$43 billion acquisition of Syngenta at the beginning of the year. It’s hard to say much about state-owned enterprises. What does it mean when an e-commerce giant acquires Carrefour, a traditional physical supermarket? Not optimistic about the future of e-commerce?

"I really don't care about the difference between online and offline. Nowadays, I rarely consider the issue of market share. Jumei is focusing on improving supply chain capabilities, helping companies reduce logistics costs, and helping consumers reduce procurement costs. We use technological advancement and efficiency improvement make money."

Qu Li secretly talked about the bet between Ma Yun and Wang Jianlin. Apart from attracting attention, what is the meaning of this bet? In his early years, Qu Li initiated a tens of billions bet like a clown, and then many people scolded him until this year, saying It was he who drove up housing prices.

Although everyone knows that these remarks are a bit retarded, people on the Internet continue to bring up old stories. Especially after he became the world's richest man, news about Yingke Dayan's investment in domestic real estate, which was closely related to him, occurred from time to time, which intensified some people's prejudice against Qu Li. .

As long as you hate someone, you can definitely find many reasons. Some people scolded Qu Li for not reminding him that housing prices would continue to rise!

Qu Li is not born timid. He likes to surf the Internet, but he really can't stand some comments. Obviously his purpose of long-term rental housing is "charity", why is it not understood? Of course he can tell himself, "Misunderstanding is the norm in life, and understanding is the rare exception!"

A brief explanation of the acquisition of Carrefour: opening up online and offline channels, understanding the underlying logic behind some changes in the retail industry, and the impact of rising housing prices and rents on the retail industry. In the future, I may try membership-based supermarkets or convenience stores...

"No matter how the form of Jumei changes, it is still a retail enterprise, so whether it is a supermarket or a convenience store, it is a normal business choice." Qu Li concluded

Jumei has become the number one retail company in the country, so why does it care that being regarded as a retail company will lower the company's valuation? It's impossible. Juhuasuan is a platform, Time is social, ancient songs and cloud computing are Internet technologies, Time is Jumei is a diversified technology enterprise.

Globally, the price-to-earnings ratios of diversified companies are not high. In the United States, Amazon's product profit margin is much higher than that of Jumei. Therefore, in terms of e-commerce retail business, Amazon has an advantage. Needless to say, cloud computing, Amazon is the world's leader. Time Cloud ranks third in the world.

If we only consider these two items, Amazon's advantages are too obvious. It is precisely because of Time's social business that Time Jumei's market value is on par with Amazon.

In short, Shijiamei's market value has been affected by Chinese concept stocks and has been discriminated against by American investors. Due to the intertwining of various reasons, it has not formed an unparalleled growth trend.

The reporter who asked important questions still asked about the matter of Glory Kimchi Country. Qu Li just said that he believed Lei Jun could handle it well. Then there is the future. Baidu is building self-driving cars. Why are you not making any move?

"This issue involves many professional issues. White driverless driving requires high-precision maps. The amount of data collected is almost astronomical. It would take several years to achieve full coverage in a city, let alone apply it to all cities in the world."

"Qiancheng Geometry's route relies on a purely visual solution, which uses cameras to identify the road environment. In the future, laser/millimeter wave radar may be added. Our goal is to enable the car itself to have the ability to make judgments, focusing on improving algorithms and computing power, and also It can be considered that our future car will be a car equipped with an artificial intelligence robot..."

Geometry is not without autonomous driving. Their L2 level autonomous driving user experience is getting better and better. Almost all luxury cars at home and abroad have no user experience. Even if a car company purchases the solutions of Honor and Great Wall Huaguan, it still needs to debug it by itself in order to reach its current level.

Then I asked about the sales of new energy vehicles. The sales volume of Geometry G9/Y9 exceeded Tesla, and it is close to 100,000 vehicles this year. Saboian’s global monthly average sales volume now exceeds 5,500 vehicles, and it is possible that the annual sales volume will exceed 70,000 vehicles. Very big.

In China, due to problems such as taking photos on the road, the demand for the latest energy vehicles has increased significantly. Those who have money can buy whatever they want, those who have less money can buy Saboian, and if they really don’t have money, they can buy Biradi.

As a result, I don’t know which link went wrong. The sales volume of higher-priced pure electric cars actually exceeded that of lower-priced plug-in hybrids. Is it because the rich are more particular about it now? Or do they have no long distance needs?

If this is the case, it is understandable. After all, Qu Li owns a private jet. How many rich people will drive long distances by themselves? Range anxiety does not exist.

Of course, the coquettish shape of the Geometry Y9 is still very attractive. Some netizens have already bought it and imitated the "military parade", and several cool styles have been posted online. Even Qu Li himself did not expect that domestically produced luxury cars would be loved by many middle-aged and elderly wealthy people.

There are always some people who have simple patriotic feelings and take the initiative to do it without having to do patriotic propaganda. But no matter what, many media around the world are already boasting that China Futures is already the world's number one new energy vehicle company.

Domestic media also pay attention to the sales of Qiancheng fuel vehicles: "Why is it successful every time you launch a new car? What have you done behind the scenes?"

Why? Of course, it's because of cheating. Qiancheng Geometry, which insists on forward development, has won the trust of domestic consumers. They have broken the "technical ceiling" in Europe and the United States and can build the best cars in China.

After saying this, the interview is over, and Qu Li’s trip to Wuzhen is almost over.