I collect gold fingers in the heavens

Chapter 440 Summary Conference
Time runs the fastest when you are busy!
Unconsciously.

December 2019 has just passed, and January 12 is ushered in.

On the surface it was calm, but only Wu Siyuan knew that there was an undercurrent surging behind it.

2020 1 Month 12 Day.

[Chaoqun Group] The annual summary meeting was held in the large conference hall on the top floor of Building 1 of the new headquarters in Yangcheng High-tech Development Zone.

The heads of [Chaoqun Group] headquarters, major business divisions, and various subsidiaries, including first-tier subsidiaries and second-tier subsidiaries, gathered together.

Large conference halls that can accommodate hundreds of people are packed to the brim.

Compared with the summary meeting held in 2019, the summary meeting in 2020 is larger in scale and has more participants.

And behind this, the number of social security contributors of [Chaoqun Group] has expanded from 24 to nearly 50.

The number of employees has more than doubled.

The entire year of 2019 can be said to be a year in which [Chaoqun Group]'s performance has improved by leaps and bounds.

Many businesses that sowed [seeds] a few years ago have ushered in blossom and fruit.

And those businesses that have already grown into [trees] grow more lushly.

...................................................................................................................................................

This meeting was still presided over by Huang Yuping, the executive vice president of [Chaoqun Group]. The heads of the major business divisions and independent companies came to the stage to talk about their respective operating conditions and development plans for the new year.

The first person to be named was Qi Tianlin, the CEO of [Metaverse Internet Technology Development Co., Ltd.], who is also the person in charge of [Feixia Takeaway].

Because when Wu Siyuan was listening to the report, he didn't like to listen to polite talk, nonsense!

Qi Tianlin is also an old man, and he knows Wu Siyuan's character well.

So after he simply said hello, he directly entered the topic, turned on the multimedia, and projected the PPT that he had prepared for a long time on the big screen.

The profitability of [Metaverse Internet Technology Development Co., Ltd.] can be said to be the strongest in the entire [Superior Group], and it has long replaced the [Terminal Retail Division] as the group's number one cash cow.

[Metaverse Internet Technology Development Co., Ltd.] currently has several main business lines.

The first major business is the [audition] project!
In the past 2019, [Audition] newly expanded 7 global e-commerce partners, and obtained a three-year cooperation authorization income of US$21 billion.Currently, [Audition] has authorized cooperation with [-] e-commerce platforms around the world.

In terms of end users, 2.8 million new users have been added worldwide, of which 9500 million are domestic users, and the total number of domestic users has reached 3.3 million. Paying member users accounted for 1.056%, reaching 1.85 million, and 6.15 million foreign users , the total number of foreign users reached 2.58 million, and paying users accounted for [-]% (because members from country H were banned, the foreign payment rate dropped), reaching [-] million.

On average, a bill-paying customer recharges 350 yuan for [Audition] a year, and [Audition] earns 1272.6 billion yuan in membership fee income throughout the year.

In addition, the [Audition] project provides technical support for [Flying Man Takeaway], and charges a service fee of 5000 million yuan.

Counting the three-year exclusive authorized cooperation of [Audition] on the B side, the total revenue of the [Audition] project in 2019 was 1410.3 billion yuan.

[Audition] The profit margin of the project is extremely high, and the total net profit reached 916.7 billion yuan.

In the new year of 2020, the [Audition] project has a more ambitious plan, not only pursuing the increase in the number of users and coverage, but also hoping to completely open up the upstream and downstream industries and expand its influence.

Connect the factory upwards and become a bridge between users and garment factories.

Connect downward to the terminal retail business, and speed up the implementation of the combination of software and hardware products.

At present, the [Audit Mirror] project is developing a physical fitting mirror. After it is installed in a clothing store, customers can use the fitting mirror to try on clothes from various clothing stores directly in the mirror without having to log in to their account. The tedious fitting process, combined with the intelligent matching system, intelligently recommends suitable clothes for consumers, and intelligently recommends scoring, which ultimately improves the transaction rate of merchants and expands the new revenue source of [audition].

...Wu Siyuan understands it. This is to squeeze out the juice from the stones. Not only the end users have to collect money, but also the merchants who sell clothes. Once the [audition] breaks through the barriers between manufacturers and users, it is estimated that those Manufacturers who produce clothes must contribute revenue to the [audition] project.

Moreover, the [Audition] project has been a monopoly industry so far, and no one can restrain it!

Wu Siyuan has a feeling of "a brave man becomes a dragon".

But he also knows that this is capital, and the survival of capital is to obtain benefits, which is not transferred by human will.

Even Wu Siyuan is the same!
However, as a conscientious capitalist (in fact, he does not need money, but influence), he can redistribute the acquired wealth through transfer payments, so that not only will it not exhaust the economy, but it can promote economic development.

Qi Tianlin continued to speak.

The second main business he mentioned is [Feixia Takeaway]!
After two years of development in 2018 and 2019, with the exclusive support of [Audition], today's [Feixia Takeaway] has undergone a transformation, and it is no longer a pure catering takeaway platform.

Today [Flying Xia Food Delivery] has four major business lines - [clothing, food, housing and transportation] four major business lines.

[Food] refers to the traditional takeaway field. As long as it is edible, including catering, medicine, fruit, etc., it belongs to this business line.The current market share accounts for [-]%, which is more than the other two food delivery platforms combined!If it weren’t for the fact that there are two other food delivery platforms that rely on big trees to attract traffic, otherwise, under the Matthew effect, the market share of these two food delivery platforms would be even lower.But even so, among the three major food delivery platforms, [Flying Xia Food Delivery] has the highest unit price per customer, the lowest subsidy, and the best profit!Relying on a powerful intelligent optimization system, [Flying Xia Takeaway] has achieved profitability in this [food] field and no longer loses money. However, the other two takeaway platforms are still in a state of blood loss and need to be replenished continuously !

In 2019, on the food delivery business line, [Flying Xia Takeaway] will rake in 1300 billion yuan.

Another point is that in the past October 2019, [Lituan] rushed to the IPO regardless of the cost. As a result, it broke as soon as it went public, and after a month, the stock price was directly halved and then halved.

[Leituan]'s investors have already scolded [Leituan] to the bottom!
[Lituan] The controller, Wang Xing, had to pay a higher price to appease those big investors!
Let’s not talk about this for the time being, let’s talk about the other business lines of [Flying Xia Takeaway].

In terms of [Clothing], thanks to the exclusive support of [Auction], consumers can try on clothes at clothing stores within three kilometers of [Flying Xia Takeout]. As long as they feel suitable, they can place an order with one click. Delivered to your door within ten minutes, the end is extremely fast.

Because it is a monopolistic behavior, and it is [addition] to the original business, there is almost no cost.

After two years of development, the average daily order across the country is 145 orders, the unit price has reached 7250 yuan, and the daily transaction volume is 725 million yuan. [Flying Xia Takeaway] takes a 26.46% commission, which is [-] million yuan.The annual commission revenue is [-] billion yuan.

In terms of [living], [Flying Xia Takeaway] mainly attracts first-hand landlords, real estate agents, and real estate developers to upload the housing sources they have mastered on the B side, and the C side, that is, the user side, can see three for free. List of houses within kilometers, and contact the uploader of the house, make an appointment to see the house, and then rent or buy a house.

There is no fee on the user side, but on the merchant side, that is, the listing provider, [Flying Xia Takeaway] only charges according to the display space, 10 yuan for a listing display space, and there is no additional charge if the listing is not removed from the shelf.

Of course, in the field of [accommodation], the development of [Feixia Takeaway] has not been smooth sailing.

Buying and selling houses is good. There are more supervisions, so it is not a big problem.

But in the field of rental housing, problems occur frequently.

In recent years, the increase in demand for rental housing has driven the development of the market. However, with the rise of a large wave of rental companies, many problems have followed.In the "Management of the Whole Process of Renting Behavior Urgently Needs to Be Perfected" published by the People's Daily, it has taken stock of the pitfalls that young people have stepped on in the process of renting houses, such as "false housing listings", "intermediary running away" and "long receipts and short payments" All reveal the chaos of the rental market.

A house with a good location, good decoration, and a cheap price on the rental software, you will find out that everything is fake after you arrive at the scene.Young people are overwhelmed by more and more fake housing listings. After a busy day, they fail to rent a house, and they have also developed the ability to "recognize fakes".

However, this is not bad. Some "deceitful" intermediaries will charge tenants more than half a year's rent at a time, but pay rent to the landlord on a monthly basis, and run away with the money if they pay less than half.

In addition to the blatant deception of the intermediary, there are also hidden secrets in the housing contract.

Many charter companies charge tenants various maintenance fees under the guise of discounts.Pay a little money every day as the maintenance fee, if there is a problem with the house, just call the person in charge, and someone will come to repair it.It sounds very convenient, and you may be able to enjoy such a service once or twice before, but as time goes by, the high maintenance costs will disappear.

... [Flying Xia Takeaway] has encountered all the pitfalls encountered by these rental platforms.

In fact, in the final analysis, it is the issue of the authenticity of the house source, as well as the integrity issue of both buyers and sellers.

If these problems are not solved, then [Flying Xia Takeaway] will not be able to develop in the [accommodation] field.

Relying on manpower cannot handle these massive data!
So [Flying Xia Takeout] under the guidance of [Metaverse Internet Technology Development Co., Ltd.] Chief Technology Officer [King Kong], created a highly intelligent [Ting Ting Recognition System]!
The system integrates various data to identify real and fake listings.

The system integrates various data to establish [integrity scores] for both parties.

The effective rate of the [True Hearing Recognition System] can reach [-]%. Under its piercing eyes, all monsters and ghosts can't hide. This is how to slowly build a reputation in this field.

At present, there are 2.4 million listings on [Feixia Food Delivery], including rental housing, commercial housing, shops, etc.

It can bring 24 billion in revenue to [Feixia Takeaway] in one year.

At present, there are about 2 million renters in the country, and the rental volume of houses in the country alone exceeds 2 million, not to mention the huge number of commercial housing, shops, and warehouses.

[Flying Xia Takeaway] There is still a lot of room for growth in this business.

As for [travel], [Feixia Food Delivery] mainly connects to the map system [Jianghu] independently developed by its own company, and then cooperates with companies such as online car-hailing, shared bicycles, and shared electric vehicles across the country to provide services for [Feixia] Xia Takeaway] provides travel convenience for users.

At present, the [Jianghu] map system has a low market share and is still in a state of loss. In 2019, it lost 6.2 million yuan.

Overall, [Feixia Takeaway] had a revenue of 1344.26 billion yuan last year.

The gross profit of [Feixia Takeaway] is the highest among several takeaway platforms.

Several other food delivery platforms are still losing money.

However, the gross profit of [Flying Xia Takeaway] has long since turned positive.

In several quarters of 2019, the gross profit of each quarter has been steadily increasing.

[Flying Xia Takeaway] The increase in gross profit is due to the fact that the growth rate of revenue is faster than the growth rate of cost. The unit price of customers has been increasing slightly, and the transaction volume of orders has increased. When the cost has not changed or decreased much, the gross profit has increased. will improve.

Another aspect is cost reduction.Rider cost has always been the largest proportion of takeaway costs, exceeding [-]%. Of course, there are other costs such as material costs, but they are negligible compared with rider costs.

The continuous optimization of [Intelligent Scheduling System] has improved the efficiency of riders, that is to say, with the same manpower, more orders can be delivered, which has led to a reduction in rider costs and brought [Feixia Takeaway] gross Profits improve.

Of course, as the business continues to grow in the other areas that [Feixia Takeaway] has expanded, its super high gross profit has also increased the overall gross profit of [Feixia Takeaway].

Throughout 2019, the average gross profit margin of [Feixia Takeaway] reached 26.8%!

And when [Lituan Waimai] was at its peak, when [Chaoqun Group] hadn’t really come to an end, when the market was almost dominated by one company, its gross profit margin was only about 7.5%!

In 2019, the overall gross profit of [Feixia Takeaway] is 360.26 billion yuan.

After deducting marketing expenses, R&D expenses, administrative expenses and other operating expenses, the rest is pure profit.

In 2019, the operating expenses of [Feixia Takeaway] were 175.95 billion yuan.

The net profit of [Feixia Takeaway] is 184.31 billion yuan.

From the need for a strong blood transfusion of the group, it has become a business that can provide positive benefits for the group!
... When Qi Tianlin said this, he was deeply moved.

And the other executives of [Super Group] gave warm applause to the achievements of [Fei Xia Takeaway]!

Qi Tianlin was so moved that he almost lost his composure.

[Flying Xia Takeaway] was brought up by him. From the worst takeaway platform in the market, a platform that can’t find foreign investors for financing, it has gradually developed into the NO.1 in the takeaway industry today. This kind of mentality is like It's an indescribable feeling of being an old father who raised his son to be a top talent.

(End of this chapter)