Revisiting Future Path

344 Blow up when you fall

The further Qi Lirui walked forward, the clearer she understood her shortcomings.

The further forward Qi Lirui realized, the more clearly she understood which level she was at.

At Wei Dongsheng's level, Qi Lirui felt that no matter how hard she was, she couldn't catch up in her lifetime; at Pang Shanze's level, Qi Lirui felt that she could try to challenge it. Founding a unicorn company with a valuation of at least US$1 billion is Qi Lirui's life goal set for herself.

Pang Shanze is Qi Lirui's target and a role model for Qi Lirui. Qi Lirui understands her own level, so she didn't rush Wei Dongsheng or Ginguo, but used her personal connections to connect with Pang Shanze; Qi Lirui wanted to achieve her life goal, so she tried to work closely with Pang Shanze to accumulate some experience and gain some insight.

Ran Qianqian understood Qi Lirui’s thoughts and hesitated: “During my undergraduate studies, I often worked part-time in the Spring and Autumn Exhibition Hall, and basically never talked to Pang Shanze. In the past two years, Pang Shanze donated money to the disaster area through the Spring and Autumn Charity Fund, and I only occasionally socialized with him. At best, we can only count as familiar faces."

Qi Lirui encouraged Ran Qianqian: "You are a 2005 student of Panyang Normal University, and Pang Shanze is a 2006 student of Panyang Normal University. After all, there is some alumni friendship."

Ran Qianqian was unable to soften and soak Lirui, and quickly softened: "I will try."

Ran Xiqian was curious as she promised: "What do you want to cooperate with Pang Shanze?"

As mentioned earlier, ideas are not valuable, and execution is the core competitiveness of the entrepreneurial team. Qi Lirui didn't care whether her entrepreneurial ideas might be stolen by Ran Xiqian, she talked about her thoughts: "Recently, the stock price of Spring and Autumn Search bottomed out, do you pay attention?"

Looking back at the history of search development in the Spring and Autumn Period, it has reached the throne on a muddy road of suspicion.

Chunqiu Search was listed on Nasdaq in October 2006, with a market value of approximately US$5.1 billion on that day;

In June 2007, the market value of Spring and Autumn Search exceeded US$10 billion;

In October 2007, the market value of Spring and Autumn Search exceeded US$20 billion;

In August 2008, the market value of Spring and Autumn Search exceeded US$30 billion;

In November 2009, the market value of Spring and Autumn Search exceeded US$50 billion;

In May 2010, the market value of Spring and Autumn Search exceeded US$100 billion;

In February 2012, the market value of Spring and Autumn Search exceeded US$200 billion.

During the Lanke Go Challenge in 2010, Chunqiu Search’s stock price almost doubled and surged, and Yiqi Juechen reached a peak of $117.7 billion in market value; then with the spread of the artificial intelligence wave, Chunqiu Group, which had the first mover advantage, increased The more optimistic about the capital, it eventually oscillated to a new peak in the spring of 2012-a market value of $237 billion.

Simply summarizing these recording moments, we can easily conclude that the value-added speed of Spring and Autumn Search is getting faster and faster. From May 2010 to February 2012, in less than two years, Chunqiu Search completed a market value of US$100 billion to US$200 billion.

When the media opportunistically, Wei Dongsheng's rhetoric when he talked about swords at the West Lake in 2005 was once again revealed.

In 2005, Wei Dongsheng, who had just graduated from high school, went to Hangzhou to participate in the Fifth West Lake Swordsmanship, with Tencent head Ma Huateng, Alibaba head Ma Yun, NetEase head Ding Lei, Sina President Wang Yan, Sohu head Zhang Chaoyang, etc. People evaluate each other's careers. In the face of the unfavorable public opinion, Wei Dongsheng first valued Alibaba at $200 billion, and then unceremoniously boasted that the market value of Chunqiu Group would surpass that of Tencent, Alibaba, Netease, Sina, Sohu and other companies. with.

Wei Dongsheng said this in 2005, and everyone listened to it as a joke. Even if he didn't say it, he still mocked in his heart that a high school student is a high school student after all.

At the end of 2009, when Spring and Autumn Search broke through US$50 billion, everyone looked back on the past four years ago and no one joked about Wei Dongsheng’s self-confidence. Everyone voluntarily forgot that they were also a member of Chunqiu, and sometimes felt that Chunqiu really is Chunqiu, but 200 billion US dollars is too high.

In 2010, when Lanke Go was born, Chunqiu Search was like a thunderbolt that smashed the people's psychological shackles, and it was a long time to realize that Chunqiu Search has become one of the greatest companies in the world. From 2005 to 2010, Wei Dongsheng's ten-year period was halfway, and the US$200 billion market value outlook was also halfway. Under the influence of the shock wave of Lanke Go, more and more people believe that Chunqiu Search can bear the heavy trust of the market value of 200 billion US dollars.

Sooner or later, Spring and Autumn Search will exceed $200 billion.

Spring and Autumn Search is worth 200 billion US dollars expectation.

However, no one thought that the $200 billion record came so quickly.

237 billion US dollars, this is the new record of Spring and Autumn Search in February 2012.

Looking back at the companies that discussed the West Lake with Wei Dongsheng, Netease, Sina, and Sohu, the three old-age heroes, are now waste firewood with a market value of less than ten billion U.S. dollars. Together, they are not enough for Spring and Autumn Search; Tencent was sacrificed by Zhiyu Group. The impact of the emergence of WeChat almost lost its mobile Internet position; Alibaba was even more troublesome, and the stock price continued to decline until Alibaba Group was determined to privatize and delist Alibaba’s B2B. In February 2012, Chunqiu Search really was able to beat five companies on its own.

In just seven years, Wei Dongsheng has turned his mouthpieces into reality.

This speed is too fast.

The growth rate of 100 billion US dollars in two years is incredibly fast, so fast that people can't believe it, and it's so fast that people feel embarrassed.

At the same time, Chunqiu Search did not perform well in 2012. First of all, Bai Ge Lao and other factions were chasing and blocking the Chunqiu family, and deliberately promulgated policy documents for the Chunqiu search from time to time; secondly, Wei Dongsheng formulated a defensive counterattack strategy and tried his best to shrink the defense line in the early stage, which caused the Chunqiu search to be somewhat depressed; again, artificial The dividends brought by smart gimmicks are getting less and less. Chunqiu Search failed to bring up new topics in a timely manner after the Lanke Go Challenge. Finally, the revenue and profits of Chunqiu Search are too insignificant compared to its market value. Suspected of a bubble.

As a result, the record of Spring and Autumn Search stopped at a peak of $237 billion.

Amidst the bubble questioning, Chunqiu Search’s stock price fell slowly from March 2012 to June 2013. By July 3, 2013, the market value of Chunqiu Search was only $176.9 billion. It’s not that everyone looks at Chunqiu Search, but the public opinion believes that Chunqiu Search is not worth 200 billion US dollars. Because of this, even though it has shrunk by a quarter from the 2012 record, Chunqiu Group is still the leader of Chinese Internet companies.

$176.9 billion is not the end.

Public opinion believes that there is still a bubble in the market value of $176.9 billion, and there is still room for downside in the stock price of Spring and Autumn Search.

Perhaps, 130 billion US dollars or 150 billion US dollars is more suitable for spring and autumn search.

However, how could Wei Dongsheng allow the market value he blew up to continue to decline.

Since it has fallen, blow it up again.

On July 4, 2013, Wei Dongsheng threw a new gimmick.

Following the life service e-commerce platform praised.com, Chunqiu Group announced the deepening of online and offline integration, adding another fire to the booming e-commerce. Unlike Alibaba, Chunqiu Group's entry point is F2C, that is, the business model from manufacturers (Factory) to consumers (Customer). A simple image metaphor is that users can place online orders from factories or foundries. When users have demand, the factory remanufactures, maximizes the use of limited resources and completely eliminates counterfeit and shoddy products.

F2C is not a new concept.

As early as 2008, F2C followed the concepts of B2B, B2C, C2C, and O2O to break into the sight of the e-commerce industry. However, F2C is currently not as attractive as B2B, B2C, C2C, O2O and other concepts. The reason is simple. The consumer's desire for consumption is often time-limited. If you think about the annoyance of thirsty marketing, you can understand the negative effect of the snail time from online order to manufacturer's delivery. Furthermore, limited by the cost of production line adjustments, it is also difficult for manufacturers to provide individualized requirements for a few customers, which indirectly leads to a sudden rigidity when the seemingly free business model is implemented.

B2B has Alibaba, B2C has JD, C2C has Taobao, etc. O2O has good reviews, Dianping, etc. Who is F2C? The concept of F2C has been brewing for so many years, and it has not been able to cultivate a model. Even in 2018, no one has won a big victory with the F2C model. Inferring the problem with the results shows that the infrastructure is not yet perfect, and F2C is still a long way from reaching reality.

However, the frustration of other businesses with F2C does not mean that Wei Dongsheng is also helpless with F2C. Thirty years of memory tells Wei Dongsheng that the vitality of the F2C business model is enough to survive the second-level civilization shadow empire. The operation of the shadow empire's mechanical army and even the daily defeat of the shadow empire rely on the F2C mode logistics supply of the shadow empire's backing.

At the same time, Wei Dongsheng also needs F2C.

In 30 years of memory, there were three giants in the Internet industry in China: Tencent, Alibaba, and Baidu. Why did Wei Dongsheng crush Baidu and hold Tencent, but let Alibaba pass? The reason is simple. Early Alibaba didn't make money.

Compared with profitable online games, Alibaba is a high-output business after high investment. Not only can it not provide a steady stream of cash in the early days when Wei Dongsheng is most short of money, but it will also swallow limited online game profits like a bottomless pit. Moreover, whether B2B business or C2C business, they are spread across the country at the beginning, and merchants must give in and then give in to stabilize the overall situation. With this capital, time, and energy, wouldn’t it be better for Wei Dongsheng to use his smart phone to overtake in a corner?

However, now and then, Wei Dongsheng now needs e-commerce.

Not for the Spring and Autumn Group, nor for Panyang City, but for the newly established Union of Republics.

The electronic information industry represented by Zhiyu Group is a typical technology and capital-intensive industry, and the threshold is too high for many countries to play. The development of the electronic information industry in the Union of the Republics of Wuyou, which has a zero industrial base, is purely a brainstorming idea-how many people are there in the Union of the Republics of Wuyou? No matter how far-reaching the Union of Republics is, it must recognize reality, make up lessons honestly, and start industrialization step by step.

If there is F2C, Wei Dongsheng can indirectly transfer a part of the low-tech market to the Uyghur Republic, and start the industrialization of Uyghur Republic in a market-oriented manner.

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