Chapter 134 Clearing A Shares

Author: Banlou Yaofeng

Chapter 134 Clearing A Shares

Futukang and BYD can produce a large number of key mobile phone parts. With BYD's full cooperation, the procurement of Honor mobile phone parts will be much faster. Of course, this is not the point. Qu Li hopes that BYD will adjust the development direction of BYD Electronics and no longer compete with BYD Electronics.

Futukang competes for the existing market, but for the incremental market of smartphones.

"I discussed with Wu Hongning from China Investment that the subprime mortgage crisis in the United States is very serious. The A-share bubble will burst soon, and sooner or later it will spread to Hong Kong. BYD Electronics' valuation will be higher if it is listed one day earlier. It will definitely not be delayed until next year.

There are current valuations.”

"iPhone and Honor allow users to consume more data, so it is easy to gain support from global operators..."

"Even if you don't agree with iPhone and Honor, you still have to see that the sales growth rate of Nokia, BlackBerry, and HTC smartphones far exceeds that of traditional feature phones..."

Qu Li spoke with his sharp tongue and chatted about the future with Wang Chuanfu. He hoped that BYD Electronics would do well and at the same time raise the treatment of Honor mobile phones to the same level as Nokia.

BYD is known as the world's largest polymer lithium battery company, but it has missed the market position of lithium batteries in the smartphone era. In the global consumer mobile phone lithium battery market pattern in 2020, Japanese company ATL ranks first in the world with about 37.96%, followed by LG

Samsung and Samsung total about 21%, and BYD only has about 9%.

As for the mobile phone OEM business, we know from the stock price trend of Hong Kong stocks that before Huawei was hit, Futukang had a crushing advantage. Qu Li doesn’t understand the OEM industry, but knows that smartphones represent the future. If Honor can succeed, it can support BYD

electronic.

Li Yinan came to Pengcheng with his technical team, and worked with Qu Li to work at BYD, adjusting the process and supply chain enterprises, and trying their best to make the product as good as possible, especially the metal frame. After the trial production of Honor G1, it will go to the United States to apply for FCC certification.

In China, you must also obtain a network access permit from the Ministry of Industry and Information Technology.

At this time, the domestic A-share Shanghai Composite Index exceeded 5,000 points and reached around 5,500 points. Qu Li also had to arrange to cash out all the stocks he held. He did not want to wait until 6,000 points.

He originally invested 91 million. In just a few months, the worst stocks have doubled, and several stocks with heavy holdings have tripled. Some of the stocks he bought last year have increased even more. Anyway, he just joined China Merchants Bank not long ago.

After the private banking department helped him sell all his stocks, he cashed out 240 million and paid off various loans and commissions in advance, leaving just over 200 million in the end.

The international crude oil price has risen to 80 US dollars a barrel. The options he just bought have entered the profit stage, and the situation is very good. But what to do with the extra 200 million soft coins? Domestic short selling is not allowed, so why not buy a house? The risk is not big

.

"Buying a house, what to do with buying a house, you are so busy all day long, how can you have time to take care of the house." Chen Danlin refused flatly. Career is obviously more important than the house.

"Tianming, if you have that time to buy a house, why not rush Lehman? We consumed too much money last month."

"Who asked you to transport shoes by plane? You still have the nerve to say so."

"Isn't this a huge profit? Time is tight..."

Coconut shoes are priced at US$99 per pair during group buying, compared to US$149 per pair under normal circumstances. After selling nearly 20,000 pairs of shoes in the first round of group buying, 30,000 pairs of shoes were sold in August. In order to ensure timeliness, they shipped them directly by air and added customs clearance.

I paid a lot for urgent expenses. Qu Li really doesn’t understand the Americans. Is it necessary for them to make ten times the profit?

You must know that the top-end Xiangyun Coconut Shoes cost only about 100 soft sister coins. Oh, I forgot to calculate the R&D investment and marketing costs...

Shopee has a group buying policy in the United States with free shipping, so the unit price of the products will not be low. Xiangyun’s shirt and T-shirt combination, and Danlin’s sports and lifestyle suits have successively launched group purchases. Shopee’s sales in August may have exceeded 10 million US dollars.

In addition, the pictures of domestic products on the shopee website are basically provided by Jumei. They only need to add text labels, which greatly reduces the workload.

In September, Facebook and the American media reported wildly on this business miracle, and Shopee's attention in North America spread from Facebook to the entire Internet. Brady expanded the product selection team, and many brands were willing to take the initiative to cooperate with them.

The pressure on Jumei is also great. It takes a month to transport goods from China to the United States. Their group buying will not only sell clothes. Shopee needs Jumei to provide more choices to maintain its popularity.

"If it doesn't work, it won't work!" Qu Li firmly refused to allow it this time. Shopee had just been established and its foundation was not strong, so it was impossible for them to mess around.

"Mainly focusing on clothing, shoes, bags and cosmetics, we cooperate with big brands such as Adidas and Nike, and let them or their distributors give discounts..."

Group buying is a one-time thing, and you don’t often sell goods on e-commerce. It can be regarded as a kind of promotional activity. It does not affect the sales channels of big brands, so it is possible to cooperate with big brands.

Brady did not insist. He might just give it a try this time to see the company's bottom line and persistence. Professional managers must consider not only the interests of the company, but also their own interests. He knew that Jumei Zhongguo's half-year sales were only about

With more than 10 million US dollars, Shopee’s sales may reach 80% of Jumei’s.

Qu Li doesn't know what others think. The potential of the domestic e-commerce market is obviously greater than that of the United States. It may develop very quickly at first, but what about after encountering Amazon?

"Instead of selling more categories, it is better to enter more markets. As long as shopee has this ability, the European Union, Japan and South Korea can..." Qu Li set the direction for shopee

"Okay, I understand." Brady admires Qu Li as the founder. The group buying model, Facebook's cooperation, and the key to the rise of shopee were all created by Qu Li. "I am just the executor of specific work!"

After ending the call, Brady read the praise he received from the online media and warned himself again.

But no matter what, the purchase volume of Riyue Fenghua has increased significantly, and it needs to pay 30% of the cost to the foundry in advance. The rest will be paid after selling it. If there are quality problems, the money will be deducted from the payment.

This reduced the cost of Xiangyun and Danlin, but increased the pressure on the financial side. They had to allocate part of the business to long-term intermediaries, allowing them to bear the financial pressure and some risks, but lack of money means lack of money, Jumei Investment

By the time Sun and Moon Fenghua's funds reached over 100 million.

"Our logistics company has been officially established. We plan to invest 200 million this year. School recruitment has already begun. Jumei and Riyue Fenghua are planning to recruit 200 people this time..." Wang Yunliang

"Have you considered the financial crisis? This year is fine, but next year's foreign trade exports may be greatly affected..." Qu Li thought of this

"That's just right. We have sales channels in the United States and have a price advantage."

Shopee's express delivery is delivered through the USPS in the United States, usually within three days. The charge for an express delivery is about 7 US dollars. It is difficult to reduce it to less than 7 US dollars in the short term. Adding the logistics costs from China to the United States, the logistics cost of each order is about

It's around 10 US dollars. How about getting one in the US for 59 US dollars with free shipping?

"So, if there is a real financial crisis, it will be an opportunity for us to grow rapidly?"

“We don’t have any money anymore, so if you can save more, just save more!”

Although he thought it made sense, Qu Li still found it difficult to make up his mind. If he really wanted to expand, the American branch would be strengthened again and again, and the consequences of not distinguishing priorities would be serious.

"It's not yet the case. Although shopee has a lot of autonomy, we have a middle-end system and process management..." Xu Lei gave his thoughts

After setting up the middle-end system, key data such as product sales on the shopee website are under control. As for process management, buying toilet paper requires approval from the headquarters. Well, Jumei is a startup company, so it is not so strict.

"When will Jumei be listed on the market?" Qu Li called Andrew and asked

"I think we can wait a little longer for shopee's development..."

"Made, wait for me, you don't need money to develop your business!"

"It still takes six months for Wall Street to see the potential of shopee."

"I don't believe that Lehman didn't realize that the subprime mortgage crisis in the United States was spreading. Will our stocks be able to sell at a high price until next year?"

"We were already preparing to build publicity, but Shopee's success was too sudden. It might be better for Jumei to go public in one or two years..."

"What should Jumei do if it is short of money in the past two years? Jumei's model is so unique, do you have a good valuation model? Why not let them ignore our investment in heavy assets now and focus on clothing e-commerce and brands?

Operation..." Qu Li doesn't want to get entangled with Lehman. If Lehman Brothers still holds shares in Jumei before it goes bankrupt, Jumei will neither be able to go public nor raise financing, and it is very likely that it will be cheated by Lehman.

The belated Qu Li discovered another "accident" recently.

"Should Jumei at least provide financial statements for two complete fiscal years?"

"Then it will start from October."

"We still need to start PreIPO..."

"I personally loaned 200 million soft girl coins in cash to Jumei..."

"Since you insist so much, fine, Jumei will go on the market in January next year at the latest."

That's good, Qu Li breathed a sigh of relief, his 200 million idle funds were secured.
Chapter completed!