I can become stronger by paying salaries. I have one billion employees!

Chapter 158 Xiaomi's Series B Funding, Valuation at 20 Billion! Pinduoduo's First Batch of Products (Please Subscribe)

At six o'clock in the afternoon, the sky began to darken.

Chen Yansen looked at the first version of the Pinbei UI design submitted by the design department and smiled with satisfaction.

Its functional modules are similar to those of FoxTao, with a product waterfall layout that displays individual items as the core, and a first-level category bar added at the top of the page.

The mobile app's bottom design features only three buttons: Home, Get Freebies for Free, and Personal Center, making it extremely simple.

Users can set their shipping address and complete the payment on the product page, which supports three payment methods: Orange Pay, Alipay, and online banking.

The shopping cart, submission, and payment pages are directly eliminated, minimizing the user's shopping process.

After all, adding an extra step to the process will result in the loss of some users.

Chen Yansen initially positioned Pinbei as a discount group-buying website, so he couldn't give users too much time to hesitate.

He attached his suggested revisions to the email and sent it to the design department.

"Tuk-tuk-tuk-!"

There was a knock on the door.

"Go in!" Chen Yansen replied calmly.

"Boss, I've coordinated the DST visit process with all the departments and even found a Russian translator at the Foreign Languages ​​Institute."

Ye Qiuping handed over the proposal, placed it on Chen Yansen's desk, and explained.

"Okay, I understand." Chen Yansen nodded, picked up the plan and flipped through it. It was a standard investor reception process with no omissions.

Ye Qiuping glanced at him, then turned and left.

Ten minutes later, Chen Yansen left the office and went downstairs, casually picked an Aston Martin Rapide, and drove to the Virtual Academy.

The security guard had already registered his license plate, so he could drive smoothly all the way.

After parking his car downstairs at the teachers' apartment building, Chen Yansen went to the cafeteria for dinner.

I was planning to borrow some new books from the library when I passed by the music academy and saw a small stage set up at the entrance, surrounded by a large crowd.

Chen Yansen then remembered that it was the annual club recruitment season again, and the audience was packed with junior students who came to look at legs and listen to songs.

"Brother Sen, you're here to appreciate music too?"

Just then, a familiar voice came from behind.

Chen Yansen turned around and saw Tang Zhenzhe winking and giving him a knowing look.

Song Yang, Meng Xibo, and Zhu Xiaopeng were also present, but Wang Zhengqiang was nowhere to be seen.

"This music isn't clear enough or long enough. You guys take your time watching it. I'm going to the library."

Chen Yansen commented with a smile.

"Qiang went to buy beer and snacks. We're planning to play cards on the lawn. Sen, wanna come along?"

Tang Zhenzhe chuckled and extended a warm invitation.

Playing poker?
Chen Yansen was taken aback for a moment, then realized it was a serious game, so he waved his hand and said, "You guys play."

After saying that, he walked towards the library.

Tang Zhenzhe watched his retreating figure and clicked his tongue, "Brother Sen is indeed worthy of being my boss, Tang Zhenzhe. He's not only rich, but also loves learning so much."

After joining Orange Technology's brand department, Tang Zhenzhe finally ended his life of being a sycophant.

Nowadays, apart from being busy with the 10th Journalism class, he spends the rest of his time in the Science and Technology Park and has also resigned from his position as vice minister of the student union.

He learned a lesson from Chen Yansen and Song Yang: titles earned in school are worthless in society; a man needs money.

When Chen Yansen returned from the library, he indeed saw Tang Zhenzhe and his group sitting on the lawn, drinking beer and chatting, with a deck of cards scattered on the ground.

Chen Yansen walked straight toward 0418 without joining the crowd.

The next morning.

After finishing reading the books he had borrowed the night before, Chen Yansen lay on the sofa browsing the news, quietly waiting for 8 o'clock to arrive.

Today is November 1st, which is also payday for employees of Senlian Capital.

Unlike last month, this time Yunsu Express was included, which made him more excited.

Taobao's Double Eleven pre-sale has already begun, and Orange Technology's e-commerce department completed the onboarding of Taobao Mall last week.

The store currently only has one product, but it will also participate in promotional activities.

Juhuasuan advertised "group buying flight attendants," which surprised Chen Yansen. He clicked on the link only to find that he had been tricked by the misleading headline.

It turns out that it was a marketing campaign launched by Taobao in conjunction with China Southern Airlines. Users who spend 517 yuan to buy a bracelet can win a Mercedes-Benz Smart car for 1 yuan and have lunch with 111 flight attendants.

It can be called the originator of borderline marketing. It may seem vulgar, but it has garnered tens of millions of views and achieved remarkable results.

The competition between JD.com and Taobao is becoming increasingly fierce. JD.com's CEO, Liangzai Dong, challenged Ma Liyun, saying, "Within 5 years, B2C will surpass Taobao."

However, Ma Liyun did not respond, most likely out of disdain.

At the same time, JD.com announced its participation in the Double Eleven promotion, which is obviously retaliation against Taobao for disrupting the 618 shopping festival.

"Next year, Pinduoduo will also have to participate in 618 and Double Eleven."

Upon seeing this, Chen Yansen muttered to himself.

In his memory, Taobao's sales on Singles' Day this year exceeded 50 billion yuan, 40 billion yuan more than in 2010.

This foreshadows the imminent peak of China's e-commerce industry!

The express delivery and e-commerce industries will experience explosive growth over the next decade.

Chen Yansen's Pinbei and Yunsu are both ready and waiting for the arrival of the e-commerce era.

At 8 o'clock sharp, the torch of humanity began to be lit!

A minute later, Chen Yansen brought up the system panel, saw the Fire Points, and a slight smile appeared on his lips.

Orange Technology, Pinbei, Orange Mobile Phone Factory, and Yunsu Express have contributed a total of 4160 acts of humanitarian aid, plus the remaining 83, for a total of 4243 acts of humanitarian aid.

Chen Yansen combined it into 42 strands of divine flame and added them to his spirit. Within moments, his spirit attribute rose to 11.25!

Compared to six months ago, it may seem like only 1.25 points have increased, but Chen Yansen clearly feels that the improvement in his memory and comprehension is far more than just 1.25 points.

From an energy perspective, this 1.25 required more than 10,000 strands of humanitarian fire, but when he raised his spirit from 1.32 to 10, he only used more than 800 strands of humanitarian fire, a difference of more than ten times.

Chen Yansen's learning efficiency is even more frightening than it was six months ago. In his eyes, the obscure and difficult knowledge of mathematics and physics is not much more difficult than '1+1=2'.

He only needed to look at a dictionary once and watch an original movie to summarize the spelling logic and grammar of a completely new language, and then he could completely master the language.

It's less about learning and more about talent.

This feeling of being able to understand things at a glance makes Chen Yansen like to pass the time by exploring new knowledge.

at the same time.

Lei Yijun received representatives from Qiming, Temasek and Qualcomm Capital in Yanjing for two days of negotiations.

Xiaomi ultimately accepted the Series B funding plan, raising a total of US$1.6 million and valuing the company at US$20 billion.

After the news broke, Xiaomi's smartphone sales immediately increased.

Although Xiaomi phones have many shortcomings compared to Orange phones, they are still excellent products in terms of cost performance.

At least in the 2000 yuan price range, it has almost no rivals except for Orange phones.

Chen Yansen didn't take it seriously when he found out.

His rivals have never been Xiaomi, but Apple and Samsung.

For Orange Technology, this is just the beginning.

Chen Yansen left the teachers' apartment and drove to Zhuxianzhuang Science and Technology Park.

He first went to Building 8 and had a morning meeting with Wang Teng, Gao Weilin, Zhang Cong, Zhou Ze, and others before going downstairs to Building 6 where Pinbei was located.

"Good morning, class monitor!" Xu Xingxing was handing over her work to Zhang Yi, a new receptionist on the first floor, when she turned her head and saw Chen Yansen, and greeted him with a smile.

Zhang Yi, a graduate of the Hotel Management program at the School of Virtual Architecture, was tall and beautiful. She quickly greeted him, "Hello, boss!"

"Good morning." Chen Yansen nodded and stepped into the elevator.

"Team Leader Xu, does the boss have a girlfriend?" Zhang Yi asked in a low voice.

"Don't even think about it, the boss's girlfriend is right across the street at Orange Technology."

Xu Xingxing glanced at Zhang Yi and told her the truth, so that she wouldn't have any unrealistic fantasies.

Chen Yansen got off the elevator and went to the design department office area, where he found Song Yuncheng there as well.

"Why aren't you at your post during working hours?"

Chen Yansen stepped forward and suddenly asked.

"Senior Jiang started working today, so I came to say hello." Song Yuncheng turned around, saw Chen Yansen, and explained with a smile.

"Hello, Mr. Chen, it's nice to see you again." Jiang Ruoxuan was a little reserved and her speech was not very fluent.

She never imagined that the freshman who was reselling phone cards at school a year ago would now be her own boss.

To be honest, with her resume, it would have been very difficult for her to get into Pinbei Technology if it weren't for Song Yuncheng's internal referral.

"Good morning, boss!" At this moment, Cai Qiming, the design director, greeted him with a smile.

He is from Taiwan and came to the mainland five years ago to make a living. He was previously the design director at JD.com and was poached by Xiong Li with a high salary.

"Is the product image design for Pinbei ready?" Chen Yansen asked Cai Qiming.

Cai Qiming speaks softly, has strong business skills, and high emotional intelligence. Not long after joining the company, he figured out the background of more than a dozen veterans.

Therefore, Song Yuncheng recommended Jiang Ruoxuan to join the design department. Although Jiang Ruoxuan's design skills were somewhat below the standard, Cai Qiming still told the personnel department that he wanted her.

After all, Song Yuncheng was Pinbei's first employee, brought over from FoxTao by the big boss, and was also the general manager of the major client recruitment department.

Cai Qiming was happy to give that much face.

"Boss, I've prepared four plans and sent them to your email. Please let me know if any adjustments are needed."

Cai Qiming, familiar with the way mainland bosses do things, responded with a smile.

"Okay." Chen Yansen nodded.

Afterwards, he took Song Yuncheng back to his office, and as soon as they sat down, he asked, "Have you ordered the group-buying products from Metersbonwe, Dioscorea.com, and Semir yet?"

"There are 47 items in total, and the prices are 5%-20% lower than the final price on FoxTao. In addition, Yunsu sent people to the headquarters factory of Metersbonwe. In the future, if Metersbonwe orders on Pinduoduo are shipped via Yunsu, the minimum order price will be only 3 yuan."

Song Yuncheng is currently in charge of these external liaison tasks.

"What about the penguin side?" Chen Yansen asked again.

"The connection is complete, we're just waiting for the product to launch," Song Yuncheng replied immediately.

“一峰、袁伟和李辉在西粤跟当地农业协会谈好了，先拿脐橙试水，果径7厘米以下的，3斤包邮9.9元；果径7-8厘米的3斤包邮13.9元；果径8厘米以上的4斤包邮19.9元，8斤规格是36.9元。”

Before Chen Yansen could ask any questions, Song Yuncheng continued to report on the investment promotion team's situation.

"What's the lowest price per kilogram for second-grade fruit from the production area?" Chen Yansen asked after hearing the question.

“0.6 yuan per jin,” Song Yuncheng replied.

“The fruit costs 1.8 yuan. The express delivery fee is 3 yuan through the Yunsu Farmers Assistance Channel. The cost of the three-layer corrugated cardboard fruit box is 2.2-3 yuan. Adding the labor cost for packaging, the total cost is less than 8 yuan. I told Yifeng to lower the price by another 3 yuan.”

After a moment's thought, Chen Yansen said.

Chen Yansen didn't mean to prevent fruit farmers from making money; rather, Pinduoduo's multi-SKU design was well-suited for attracting customers with low-priced, inferior fruit and increasing gross profit with high-priced, high-quality fruit.

It seems like they're not making a single penny, and are even losing money on labor costs.

But Chen Yansen knew that as long as sales volume increased, users who bought low-priced, small-sized products would often account for less than 30%.

"6.9 yuan for three catties with free shipping?" Song Yuncheng was slightly taken aback, feeling that Chen Yansen was trying too hard to lower the price.

In 2011, e-commerce prices were nowhere near as inflated as they would be a decade or so later. This price was absolutely a game-changer in the industry.

(End of this chapter)