Winner Takes It All, Resurrection 2009

Chapter 718: Interests are everywhere

"Chairman, President He of the Minnan Chamber of Commerce has contacted me several times and would like to arrange a time to visit you. What do you think?"

After returning to Shanghai, he first convened a high-level meeting of the company to deal with some backlog of important matters. After the meeting, Pinxixi Chairman Sun Tongyu followed him back to the office.

They had just sat down and chatted for a few words when this sentence came out of nowhere. Li Zehua was stunned after hearing it, "Does the company have a lot of cooperation with the Minnan Group?

It counts if the place of registration and the boss is from southern Fujian.”

Sun Tongyu introduced: "There are quite a lot, especially in the online shopping sector, sporting goods, sports shoes, and well-known domestic clothing, most of which come from the southern Fujian region.

Paper products, solid wood furniture and many types of tea are also provided by the other party...

It seems that this is not just the case with Pinxixi e-commerce. As far as I know, Mr. Wang Xing's group buying platform, Mr. Wu Yibin's WeChat Technology, and Minnan Commercial Group are all very important partners.

In the same industry, JD.com and Qiandu, Ali and the former Tenda, and Sina have also established a deep cooperative foundation with Minnan Group. "

"Liu Ziliang, go and invite Wu Yibin and Wang Xing over. Oh, and if Wang Xing, the CEO of TikTok, is still here, invite him over as well."

Li Zehua's face looked a little strange, as if he was thinking about something serious.

Without giving Sun Tongyu a chance to ask questions, he picked up the phone and said, "Contact Hao Junjie from Qingyun Software. Yes, it's me. Bring the business data for the southern Fujian region here and deliver it in person.

In addition, a letter is sent to Qingyun Big Data Center in your name, requesting it to monitor recent commercial investment and cooperation data in southern Fujian, paying special attention to cooperation with foreign capital and the scale of use of foreign capital.

If you find anything abnormal, send it to the office immediately, okay."

After hanging up the phone, he called Liu Ziliang in again and said, "Inform Zeng Yumin of Power Technology that I will be in Ningde tomorrow to inspect the progress of Times Energy's project development. Tell him not to notify anyone in advance."

Liu Ziliang seemed to have noticed something, "Do we need to inform the Minnan government?"

"No need, go and get busy first."

Li Zehua waved his hand and sent the person away. Then he took out a cigar box, took out a cigar and trimmed it carefully. Sun Tongyu, who was standing next to him, did not dare to express his opinion.

Until Li Zehua handed him a repaired one and asked him, "What's the name of the president of the Minnan Chamber of Commerce in Shanghai? What's your background?"

"It's Chairman He Qi from Juneyao Group."

Sun Tongyu didn't dare to talk about other things. He had sensed the danger and gave a formal introduction, "This group is mainly involved in commodity trading, medical care, and financial investment, as well as some energy and power infrastructure investment.

His personal actual wealth exceeds 10 billion yuan, and he has extensive connections in Shanghai’s private sector.”

“You didn’t do education?”

Li Zehua lit up a cigarette and took a puff. Just as he was about to ask more in-depth questions, Wang Xing from the group buying website pushed the door open and came in. He also lit up a cigarette and listened to them talking about the representative figures of southern Fujian capital.

He casually uttered several familiar names, and then added, "It's no wonder that some of the well-known domestic sportswear, branded shoes and socks, and even badminton and table tennis are all made by Minnan capital.

They are doing quite well, with impressive sales results achieved every time a group purchase is launched. Now the major related sectors of the group buying business are completely supported by them.

Yes, a few days ago, someone from Quanzhou, Zhangzhou and Xiazhou came to ask if the company was willing to conduct a private placement. They were very optimistic about the future value of local smart life and wanted to invest. "

Sun Tongyu was almost speechless. The boss's attitude was very subtle, but Wang Xing hadn't noticed it yet. He even wanted to introduce Minnan Capital to become a major shareholder in the group buying business?
"There's something good to watch."

he thought to himself.

But what happened next almost made him drop his jaw. Li Zehua agreed without hesitation, "Okay, as the only listed group (not counting certain industries) that is the main holding company of the group.

The higher the stock price of local smart life (group buying) rises, the easier it will be for us to make money. It just so happens that the agricultural company, power technology, and electronic technology businesses will spend more money in the next step.

By the way, Lao Wang, your restricted shares are also going to be released, right? Are you interested in selling some of them?"

Wang Xing didn't understand, so he answered cautiously, "It should be able to increase a lot. The market is good now, and the group buying business is growing very fast. Maybe it will become the mainstream of new online retail in the future."

Since the day Qingyun acquired Meituan.com and took charge of the entire group-buying business, Wang Xing has heard from people within the group that the group-buying business lacks sustainability and has limited future development.

Not only do some people below occasionally say this, but the chairman also thinks so. However, he has already proved with facts that the group buying business has great potential.

Last year, the group buying network's total business revenue exceeded US$110 billion, and its net profit of US$15 billion shocked the capital world. It also successfully landed on the Nasdaq technology sector and soared at the opening.

The unqualified performance reports issued by internationally renowned accounting firms and third-party professional auditors in the first and second quarters of this year have set off a storm in the investment community. In just half a year, group buying websites have generated $86 billion in revenue.

At the same time, net profit increased by more than 60% year-on-year, and market popularity continued to strengthen as the company successfully established a foothold in Southeast Asia and successfully entered the chicken and South American markets.

Overseas revenue and net profit have increased by more than 10 times. Even Goldman Sachs has publicly stated that it will continue to be optimistic about the future of group buying business, especially for Tuangou.com and Gaopeng.com.

Gao Peng is no longer taken seriously by Wang Xing. Although he is the pioneer of group buying business, the total market value of group buying network is as high as 675 billion US dollars.

It even surpassed Baidu's $550 billion valuation to become the country's largest technology company.

Of course, this is because a large number of core businesses of QingCloud, including Electronic Technology Group, WeChat Technology Group, Micropayment Internet Finance Group, Bitcoin Currency Trading Platform, Pinxixi E-commerce, etc., have not been listed.

This allowed group buying websites to temporarily take the lead, but Wang Xing is confident that they will continue to maintain their lead. After all, the market value of group buying websites is not far behind that of companies like Microsoft, Amazon, Walmart, and Google.

The group buying website, which integrates online new retail low-cost models, offline logistics construction, and has recently entered into software technology research and development (sales), enterprise technical services and many other fields, has allowed Wang Xing to see greater possibilities.

However, Li Zehua was completely unmoved and even made a decision in front of him, "I plan to declare a portion of the group buying network shares held by Qingyun Investment and Industrial Fund in the form of block trading in the near future.

But don't worry, the transferor has no nominal connection with the head office. They are all vest funds that I prepared a long time ago. It will not arouse suspicion if it is spread out. After all, they are the original shareholders before the listing.

After the listing, when the lock-up period expires, arbitrage exit is a common practice in the industry. "

Wang Xing was puzzled, "Chairman, do you think the future of group buying websites is not ideal?"

He was very angry, but he was fully prepared to have a good fight with Sun Tongyu.

Although Pinduoduo e-commerce achieved a record-breaking turnover of US$410 billion last year and a surge of more than 60% in the first half of this year, net profit remains a difficult problem.

Because Pinxixi has nearly 50 stores and more than direct sales staff.

And the scale of this number is still expanding, because before, in a county, only the most economically developed county and the most important township had experience stores (there were more than one in the county and urban areas, and as many as a dozen or twenty, covering a wide range of people).

Things are different now. Sun Tongyu is cooperating with Liang Xiaolong of Qingyun Agricultural Company to set up experience stores in all towns and villages in the major 1,000 counties and districts across the country, and actively expand the coverage of urban areas and key cities.

It is conceivable that the amount of losses will be further magnified in the future. By then, let alone making money, it is possible to lose over 10 billion.

Little did he know that Sun Tongyu had no intention of competing with him at all, because Pinxixi's path was very solid, including its expansion in Southeast Asia and South America, all moving in the same direction.

That is, while bringing cheap products from Dongda's manufacturing industry into the local area, establish a long-term consumer market foundation for internal circulation. The locals have no money, so isn't that a one-time deal?
Only by providing jobs while bringing goods and exploring the local economic value can the business be sustained for a long time.

For example, Indonesia welcomes Pinduoduo very much, because Pinduoduo plans to provide more than 20 jobs in the local area, and is willing to invest heavily in food and raw material processing to establish an industrial chain for Indonesia. However, group buying websites are restricted in their development in the local area, because the stakeholders who enjoy the fruits of economic development through group buying consumption are a very small number of people or groups.

This is the difference in business competition models. As long as Pinxixi can gain a firm foothold, it will be able to make money regardless of drought or flood, and it does not have to worry about the external economic environment at all. However, the group buying model will be in trouble once the economy weakens.

The sales volume of its high value-added brand goods will drop sharply, and as the economy goes down, the production desire of enterprises will also be weakened, and there will be no low-priced consumer products to attract customers.

How does group buying continue to retain customers?

Its rise was due to the cheap market supported by the leftover goods from countless bankrupt companies under the influence of the financial crisis. Now Wang Xing is slowly moving towards high-end and high-profit products.

But can it last?

Li Zehua also has a big question mark about this. When the mobile Internet 4G network develops, ordinary people will not be able to open their smartphones at will unless they are specially arranged into an information cocoon.

You can search for a wide range of products. The so-called money-saving of group buying will be powerless in the face of big data push, and it is almost impossible to maintain high gross profit for a long time.

It’s just that Wang Xing doesn’t want to accept the reality, so let the facts speak for themselves.

"It's just right. Master Xin is here. Let's talk to President Xing about your Douyin Interactive Entertainment's recommendation algorithm and mall layout. It's just right for him to wake up."

Li Zehua called Xin Ye purely as a joke, because he owed Xin Ye a membership in his previous life.

Kuaibo has been integrated into Douyin Interactive Entertainment and has become a part of the underlying architecture of the software app (saving network resources and server costs), and major competitors are helpless about it.

They have the courage to take action against Kuaibo because not only does Wang Xin not have the support of big capital, but he also hinders big capital from making money happily. If they don’t target him, who else will they target?

Things are different now. Wang Xin’s Kuaibo has been incorporated, and behind Douyin Interactive Entertainment stands Qingyun, the largest private group in Dongda University. With just one word from him, other competing players can no longer survive.

Because in the process of encircling Hong Kong Capital and Jiangsu and Zhejiang Capital, Qingyun also uprooted the cultural and entertainment industry. Entertainment giants including Huayi Wang Zhongjun and Yinghuang were forced to sell themselves to Qingyun.

By the way, the online copyrights of movies, music and TV series were transferred to Qingyun. Youku Tudou, which had previously been calling for the suppression of Kuaibo, is now trembling with fear.

As a result, all the originally prepared listing plans were urgently halted. If Wang Xin didn't agree, these video websites would all face huge claims, and Qingyun didn't care who was behind them.

No matter how powerful you are, you are just a small fry in front of Qingyun. If you don't accept it, you have the ability to ask the Governor's Office of the Magic City to come forward and say hello!

Wang Xin looked at the person with the same name in front of him with a smile, briefly introduced the traffic recommendation mechanism of Douyin Interactive Entertainment and the mall preparation plan, and then said regretfully: "Boss Wang, I didn't mean to target you.

These are business models that have been planned in advance. We estimate that it will take at most two years, or no later than June 2015, 6, to reach consumers in almost all prefecture-level cities and counties in the country.

You can fully enjoy the convenient services brought by the 4G network (Qingyun invested hundreds of billions to help China Tower Group quickly popularize 4G base stations, especially after becoming the largest shareholder of Huaban and ZTE, this progress has become even faster).

By then, the scale of Douyin's registered users will usher in a new round of explosive growth, and the live streaming business will probably have a subversive impact on the operating model of group buying websites."

Wang Xin calmly stated a fact, "Even without the live streaming business, Douyin Interactive Entertainment currently has 3500 million registered website users and 600 million mobile app users (for users in cities with wifi, data charges are a big problem).

As long as the mall is open and introduces JD.com, Pinxixi, and other major secondary e-commerce brands, and displays prices and quality more intuitively, it will be difficult for group buying websites to compete with them.”

Wang Xing was dissatisfied. "Boss, didn't you promise that the live streaming sales model would be injected into the group buying network at the right time to help us continue to be great?"

"But what about the live broadcast platform? You can't ask Wu Yibin and Xin Ye to cooperate with you unconditionally, right?"

Li Zehua spread his hands and said, "Since you are very rich now, why don't you convince those external shareholders to invest some money to create a short video or live broadcast platform?"

Wang Xing rolled his eyes and said, "You mean, I can invest in Wang Sicong's Panda Interactive Entertainment?"

He also knew that Douyin Interactive Entertainment was the company's strategic focus for the next stage and that it was impossible to accept external investment, so he simply did not mention it.

"Whatever. It's the investors' money anyway. But don't let anything slip. For the next year, you have to work hard to raise the stock price so that I can cash out at a high price."

Li Zehua chuckled, "Anyway, they are all secret funds that hold shares anonymously, most of them hold 1-2% of the shares, and they don't have to declare when they sell them. If you can maintain the stock price at 600.

No, even if it’s more than $500 billion, it would be a great achievement if I could sell the remaining 40% of my shares.”

Wang Xing was dumbfounded, "Sold them all? Should I sell them too?"

"What to sell?"

While they were discussing, Wu Yibin pushed the door open and Li Zehua asked him to sit down. He said to Wang Xing, "Don't sell yours yet. I'm kidding. You are the chairman of the board of directors of a listed group. Your words and actions directly affect the stock price.

In this way, after the head office has sold out, I will short the group-buying website, and you can help spread unfavorable news to the market to suppress the stock price. I will make up for the loss you make up for the loss.”

After that, he ignored him and turned to Wu Yibin and said, "I heard that you made a fortune recently. You signed several advertising contracts worth hundreds of millions of yuan?"

Wu Yibin stroked his thin hair and said, "I'm just poor. It's far worse than Weifu. I'm so busy with advertising, but it's still not enough for Weifu to make money by selling insurance and financial management links."

It's infuriating to talk about it, because he and Lim Boon Hui are both from Temasek. Lim Boon Hui is in charge of Minsheng Finance, so he can't go to the industrial fund and is not even allowed to touch micropayments.

As a result, Yao Xiangjun and Liu Zijie's assistant Xiao Chengdong now have more and more say by relying on two huge internal financial businesses.

Instead, he fell behind by half a step. Although WeChat Technology controlled the throat and was of utmost importance at all times, his boss attached too much importance to it and intervened personally from time to time, so a large part of his authority was dispersed.

As for overseas markets, the strategy is basically split in half, with Qingyun cooperating with large local groups, with the other party holding 5% of the shares. Qingyun also has to transfer 1% of the shares to a third party or management.

WeChat Technology does not participate in direct management, but only provides technical support, such as the European and South American markets.

Southeast Asia is the only region that Wei Kejian can directly control. Before, he was quite obedient. After all, he was the president of the business group, in charge of the general direction, and was not easily involved in specific business management.

Therefore, in terms of personnel, we try our best to respect the opinions of the chairmen of each subsidiary. However, Yang Zhichao, in his capacity as vice chairman of the head office, was appointed president of the global business group.

The headquarters was set up in Singapore. After he arrived, he began to integrate various affairs in Southeast Asia. No matter what Wu Yibin did, he dared not compete with the boss's absolute confidant and the third most important person in the group!

Well, now the domestic bosses interfere from time to time, and the only place where he can have the final say is Africa. But that place doesn't even have three million users, so it's useless for him to manage it.

Now, if he hears his boss congratulating him on his wealth, it would be strange if he had a good face.

But the next second, he lost his composure.

Li Zehua said directly: "Let's stop everything for now. I plan to let Liu Zijie come forward and set up a qualification review committee to conduct a comprehensive investigation of the qualifications of friendly companies that have established extensive cooperation with Qingyun.

Especially in industries involving daily necessities, food, and medical care that involve consumers, the most important part is whether there is exaggeration, selling inferior products as good ones, or more serious falsehoods, or even disregard for human life.

Don’t think I’m exaggerating. Hao Junjie and Liu Xiaobo, the heads of Qingyun’s software and semiconductor business, will be here soon. You can check the specific information for yourselves.

Sometimes, the money that comes to you on your own initiative may actually be poison covered in honey.”

After that, he turned to Wang Xing and said, "But you're fine. Let's continue discussing the group purchase business. It's best to sell all the shares to them. This can be considered as us getting rid of harm to the people in disguise."

(End of this chapter)