Reborn in 08, a heretical cultivator starting a business

Chapter 125 A valuation of 30 billion yuan sends shockwaves through BAT! (Third update, please subscribe)
Following the financial crisis, not only did house prices drop, but the vacancy rate of office buildings in Beijing also rose to 30%.

At that time, it will be a purely buyer's market and a rental market.

A 2000-square-meter office building now costs 450 million yuan a year in rent and property management fees.

At that time, 400 million, or even 350 million, will be enough.

The price drop was even more severe, with even scarce high-quality luxury homes seeing price reductions of 20%-25%, and other properties experiencing reductions of up to 30%!

The decline was most severe, especially from December to February!

It wasn't until the four trillion yuan stimulus package was introduced in March and large-scale infrastructure projects began that housing prices started to rebound in a V-shape.

The next wave will be the best, and only, bottom-fishing opportunity in the next twenty, or even fifty years!
No matter how the market changes afterward, it will not drop to the prices of December-February 2008!
The simplest example is the rare high-end luxury homes in Beijing's second ring road, which currently cost 2.5 to 3 yuan per square meter, but will drop to 2 to 2.5 yuan per square meter in a few months!
In the next hundred years, there will never be another opportunity to buy a rare luxury home in the second ring road of Beijing for less than 20,000 yuan!
There will be no opportunity to buy a basic apartment in Beijing's second ring road for 15,000 yuan per square meter, or to upgrade your living situation for 18,000 yuan per square meter.

will never.

I still have 8000 yuan to buy a house in the Third Ring Road of Beijing. I don't even dare to dream about the future.

But they will all be performed as scheduled in the next few months!
Amid the global financial crisis, people are filled with anxiety.

Speculators lined up to jump off trains and dump their properties, causing even housing prices in Beijing to plummet.

This is the perfect time for Wang Junshan to buy at the bottom!
Starting in November, courtyard houses, luxury apartments, and office buildings in the CBD and Zhongguancun are all available for purchase if the prices are right!

However, this will cost a lot of money.

They made money thanks to Vipshop and U-Tuan Technology!

He did not disappoint Wang Junshan.

By 10 a.m. the next day, Vipshop's order volume had exceeded 600,000 orders, and the transaction amount had exceeded 30 million!
For a newly launched platform to achieve this on its first day is simply terrifying!
This is terrifying beyond belief!
If the daily transaction volume can be maintained at 30 million, that would be a transaction volume of 10 billion+ per year!

There is absolutely no problem with Vipshop being valued at over 100 billion.

"President Tang, let's hold a press conference and let everyone know this good news!" Wang Junshan said with a smile.

At this point, it's no longer possible to keep a low profile.

Then let's be high-profile to the end!

The more high-profile, powerful, and secure Vipshop is, the better.

Especially after coming to the capital!
Wang Junshan came to the capital city partly because of the abundance of talented people there.

Especially in the technology sector, the rates are much higher than in other cities, making recruitment easier.

On the other hand, it's about sucking up to powerful figures!

With the launch of Vipshop, Future Technology has taken another step forward, and its overall valuation has exceeded 300 billion.

I wonder how many people envy him.

There were even quite a few who wanted to take advantage of the situation.

Wang Junshan needs to make multiple preparations.

Once you come to the capital and settle down in the capital, you become a capital city enterprise!

If Vipshop develops rapidly and has a bright future, the capital city will support it as a high-quality enterprise.

It's not just tax policy support; there will be a series of preferential policies to help Vipshop grow and thrive.

I created all the backgrounds myself!
In this way, anyone who wants to reap the benefits will have to consider the attitude of the capital.

What Wang Junshan needs to do is to be high-profile to the end, flex his muscles, and demonstrate Vipshop's strength and future prospects!
Only in this way will we be valued by the capital!

Then all the resources and support will come naturally!
Soon, news reports broke one after another:

Vipshop launched at midnight, and its sales exceeded 700 million yuan in the first hour!

[Focusing on key brands, Vipshop achieved over 3000 million RMB in sales within half a day of its launch!]

[Vipshop's transaction volume is expected to exceed 6000 million yuan on its first day of operation!]

Future Technology Group has incubated another subsidiary with a valuation of tens of billions!

[Vipshop + Uituan International + Uituan Campus, covering brand flash sales, cross-border vertical e-commerce, and campus group buying, with a total valuation exceeding 300 billion!]

[Vipshop's establishment in Beijing may overshadow Baidu's ambitious e-commerce efforts!]

Vipshop's GMV reached 30 million RMB in half a day; can Baidu Youa, which is about to launch, break the 10 million RMB mark?

[A 19-year-old college student has incubated a 300 billion yuan e-commerce legend: Wang Junshan, chairman of Future Technology, is creating a legendary story!]

[The best option for Baidu might be to sell everything it owns and acquire Vipshop!]

As a result, even BAT (Baidu, Alibaba, Tencent) couldn't sit still.

Baidu Vice President Xu Shun was furious:

"These media outlets really love to stir up trouble, dragging one down while putting another down. What do you mean by 'Baidu e-commerce has lost its luster'?"

"What do you mean by saying that Baidu's best option is to sell everything it owns to acquire Vipshop?"

That's fucking outrageous!

"Our Baidu Youa service hasn't even launched yet, how do they know we can't succeed?"

"Why do you think Baidu has it but can't succeed? Why can't it become the next Vipshop?"

"unacceptable!"

"A bunch of unscrupulous media outlets!"

"Fake!"

Seeing this, Lin Zhi, who was also a vice president, remained much calmer.

There was no other way; Xu Shun was in charge of e-commerce, and Baidu Youa was something he spearheaded!
Launching next month!
Now look what's happened! Before Baidu Youa even launched, Vipshop suddenly appeared out of nowhere!
And it was so successful, with a transaction volume of 3000 million in just half a day on the first day, and 6000 million for the whole day without any pressure.

Such outstanding performance put a lot of pressure on Xu Shun.

The media's reporting is a case of comparing one to the other, condemning Baidu Youa before it even launched and concluding that Baidu Youa is doomed to fail.

It would be strange if Xu Shun wasn't furious!

Lin Zhi felt some sympathy, but he had no choice but to speak up:
"President Xu, please don't be angry. Although these media outlets are a bit gossipy, honest advice is hard to swallow. If you think about it carefully, there's some truth to what they said."

"Makes sense? What makes sense at all!" Xu Shun roared in fury.

"These unscrupulous media outlets are just spouting nonsense, smearing our Baidu e-commerce, damaging the morale and fighting spirit of our e-commerce division, and disrupting our morale! I suggest that your search division block all these media outlets, leaving none alive!"

Lin Zhi frowned: "Xu Shun, are you crazy?"

"Our business is search. If we block anyone who says something negative about us, who will use Baidu search in the future?"

"Don't forget, although Baidu Search has a market share of over 60%, Google Search, Yahoo Search, and Sogou Search are all eyeing it covetously." "Especially Google Search, with a market share exceeding 25%! If we block them at the drop of a hat, a massive loss of users will occur, and they'll flock to Google!"

"!!!" Xu Shun calmed down instantly.

Yes, Baidu hasn't yet monopolized the domestic search market!
Although Google Search has been hit hard and its domestic business has begun to shrink, it is not dead and has not withdrawn from the Chinese market.

Baidu is not to be trifled with!
"Besides, ask yourself honestly, do you really think Baidu has the ability to surpass Vipshop?" Lin Zhi sneered.

"This..." Xu Shun fell silent.

Can Baidu Youa surpass Vipshop?

What a load of rubbish!

If Paipai.com can't do it, then Baidu Youa certainly can.

Paipai.com previously had a daily transaction volume of 1500 million to 2000 million yuan.

However, since Sanniu's collapse, Paipai.com's transaction volume has been declining continuously, and its recent questionable actions have led to a further decline.

Now, Paipai.com's daily transaction volume is only 500 million to 1000 million!

As for Baidu Youa, it would be good enough if it could reach the level of Paipai.com. How can it surpass Vipshop?

"Wang Junshan just doesn't play by the rules!"

Xu Shun was panting heavily with anger: "Whether it's C2C or B2C, the goal of e-commerce is to make money."

"He's doing it right, running a huge sale! Branded clothing is half the price of other platforms, and other products are 10%-20% cheaper!"

"As a result, Vipshop's sales exploded, but how can other platforms catch up?"

"Even with such a big promotion, we might not make much money, and our pricing system could collapse!"

"Let's see how Vipshop does things from now on, unless they continue to operate at a loss and keep subsidizing it!"

"Losing money to gain publicity!"

Lin Zhi nodded: "That is indeed puzzling. I estimate that such a big promotion will only last for one day and then end soon. Once the price returns to normal tomorrow, it will be a problem to continue selling well."

"That's right. Users who come for the low prices will run away as soon as the prices stop being low! Vipshop's model won't grow big."

"Really?" Li Yan wasn't so optimistic.
"What if Vipshop pioneered a new model, establishing strategic partnerships with brands and continuously launching such brand flash sales?"

“This…” Lin Zhi fell silent.

Xu Shun's expression turned grave: "If that's the case, the daily brand discounts, even if the prices aren't as low as on the first day, will still be terrifying. There will be a continuous stream of users supporting Vipshop and using Vipshop..."

"That's right, that's Wang Junshan's strategic intention."

Li Yan sighed: "If you think his first-day promotion is just a one-off deal, then you're underestimating Wang Junshan!"

"Control your temper and think about how to deal with this!"

"Yes!" Xu Shun broke out in a cold sweat, his back turning cold.

If Vipshop continues to hold brand flash sales, it has a real chance to see its revenue continue to rise.

Baidu's chances are even smaller.

If Baidu Youa fails, the chairman, in order to develop e-commerce and strategically contain Alibaba, might actually sell everything he owns and acquire Vipshop!

Baidu's future looks even bleaker; it could easily be shut down!
Tencent headquarters.

Xu Tiannian, who was full of vigor yesterday, is now like a wilted eggplant, completely withered.
"700 million in the first hour, 3000 million in half a day!"

"Is this data accurate?"

The subordinate shook his head: "We have a dedicated team within Tencent that monitors Vipshop. The GMV we estimated based on unit price and sales volume is roughly the same as what U-Group International has publicly announced."

"This..." Xu Tiannian fell silent, completely bewildered.

I thought Vipshop only sold regular products, so it didn't have many users, many orders, or much transaction volume.

Unexpectedly, they started with a winning hand, and their orders exploded!

"30 million in half a day, 60 million on the first day, even our Paipai.com can't reach such heights."

"Even at their peak, they couldn't reach that level!"

"Hey!"

th.

A deep sense of powerlessness enveloped Xu Tiannian.

Such an opponent is impossible to catch up with: "Most importantly, this doesn't make sense!"

"WeChat only has 2700 million users, how many users does Vipshop have? How did it achieve such a high transaction volume?"

Huo Siying sighed: "President Xu, your previous analysis was logically sound, but you overlooked a few key factors."

"what?"

"User activity, loyalty, quality, and brand reputation and influence!"

Xu Tiannian fell into deep thought and nodded:
"That makes sense. Although WeChat only has 27 million users, its activity level is high. Just for playing the 'Happy Farm' game, the daily active users are over 10 million!"

"The San Niu incident made YouTuan Technology a legend, with unparalleled brand reputation and high influence. User loyalty is also high."

"Besides, these days, if someone can play online games like 'stealing vegetables' every day, their family must be well-off. They must be able to afford a computer worth several thousand yuan and pay over a thousand yuan a year for internet! That user quality must be high, and their spending power must be strong!"

"With Vipshop offering brand discounts, such as 30% to 50% off on clothing and shoes from brands like Nike, Adidas, Li-Ning, Semir, Hongxing Erke, and Jeanswest, it would be strange if consumers didn't go on a shopping spree!"

"Based on this calculation, it's only natural that they sold 3000 million in half a day."

"Hey!"

"Wang Junshan, oh Wang Junshan, what a talent!"

"But if Vipshop rises so quickly, how can Paipai.com catch up?"

Xu Tiannian was in utter despair, and a sense of unease crept into his heart:

“Vipshop is an independent subsidiary and does not belong to Utuan Technology. Its valuation will be calculated separately.”

"Currently valued at only tens of billions, yet with unlimited potential..."

"Those guys in the group's investment department, are they thinking of abandoning Paipai.com again and investing in Vipshop?"

"Fuck!"

"Beast!"

(End of this chapter)