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

Chapter 460 Launching the IPO Plan, with a Maximum Valuation of 600 Billion US Dollars! Chen Yansen: I'm Kind-Hearted!
Three hours later, Chen Yansen, who had eaten two meals in one go, was lying in the bathtub, comfortably closing his eyes to rest.

Outside the door, Ye Qiuping, who had just cooked two dinners in a row, rubbed her sore thighs and busied herself clearing the dishes and cups off the table.

That son of a bitch Chen Yansen!

If you tell him to slow down, he'll go faster; if you tell him to go shallow, he'll go deeper.

While working, Ye Qiuping secretly complained to herself.

She dared not mutter to herself, for fear that Chen Yansen would hear her.

Hearing the rustling sounds around him, Chen Yansen's face showed a look of pleasure and relief.

The next morning, as dawn broke through the window, the August sunlight dappled the floor, casting dappled shadows.

Ye Qiuping stood in front of Chen Yansen, carefully buttoning his shirt. Through the gap, she could clearly see Mr. Chen's strong upper body, with sharp features and well-defined muscles.

She unconsciously swallowed, then guiltily looked up at Chen Yansen, only to meet his ambiguous gaze.

"Your luggage for the business trip is ready and placed in the walk-in closet on the third floor," Ye Qiuping reminded softly.

Chen Yansen nodded.

Ye Qiuping sighed softly.

Since taking charge of the Star Card project, she hasn't had a chance to accompany Chen Yansen on his business trips.

But then she thought, every loss has its gain; at least her position and salary have increased.

Ye Qiuping is more career-oriented than Song Yuncheng. She likes Chen Yansen, but she is more rational.

With the Star Card in her hands, sales have soared, activation and retention rates have improved, and the market share is approaching 50 million. This is the fundamental reason why Douyin and Kuaishou have been able to rise rapidly.

Three minutes later, Chen Yansen got into the back seat of the car.

Without saying a word, Huang Boxiang drove the Rolls-Royce, worth over eight million yuan, toward the Zhuxianzhuang Science and Technology Park.

Chen Yansen turned to look out the car window, the street scenes on both sides flashing past.

"I come from the mountains, carrying orchids..."

A water truck passed by, wetting the scorching cement road surface. Fine water droplets splashed up and fell, refracting into tiny rainbows in the sunlight.

Yunsu Express couriers and Kuaipao delivery riders are busy delivering packages and meals to customers on the latest high-range electric scooters.

Occasionally, you can see professional riders wearing orange short-sleeved T-shirts with the words "Kuai Pao Mai Cai" printed on the back, speeding past in the non-motorized vehicle lane.

As the home base of Kuaipao, Huian's group-buying, food delivery, and grocery delivery services have even reached the county level, occupying more than 90% of the market.

Qiandu Takeaway, Qiandu Group Buying, and Didi Chuxing don't even have a 10% market share; local users simply don't buy into them.

Buy it if it's cheap, uninstall the app if there are no discounts.

For most people in Hui'an, running with chopsticks is their true love.

Twenty minutes later, the car slowly drove into the science park.

Chen Yansen got out of the car and walked straight toward Office Building No. 9. As he passed the refreshment counter on the first floor, he grabbed a cup of mango yogurt.

"Good morning, boss!" Tian Tian greeted warmly with a smile.

Chen Yansen nodded slightly, took the elevator to his office on the top floor, and had just sat down when he received a call from Wang Shixiang.

"Boss, Chris Anderson, the founder of 3D Robotics, called and wants to visit us," Wang Shixiang reported.

"Help me refuse." Chen Yansen understood Chris Anderson's intentions. Since it was impossible to agree to the other party's request, there was no need to waste his precious time.

“He’s already in the virtual city,” Wang Shixiang added.

"I won't see you." Chen Yansen replied without the slightest hesitation.

“Okay, boss.” Wang Shixiang understood what Chen Yansen meant.

Soon after, Chris Anderson received a reply from Wang Shixiang.

As the brand director, his wording was more tactful and polite, but the core idea remained the same: DeepBlue Technology's production capacity was insufficient to meet 3D Robotics' procurement needs.

As for Chen Yansen?
The boss is busy and doesn't have time to see you.

Chris Anderson looked embarrassed. He hadn't expected that after traveling all the way to Xucheng, he wouldn't even be able to see Chen Yansen.

He was angry, but there was nothing he could do.

Despite being a well-known name in the US drone industry, 3D Robotics' valuation is only slightly over $3 million due to the dismal sales of Iris.

Given Chen Yansen's wealth and influence, it's understandable that he wouldn't be seen.

So, when faced with Chen Yansen's ruthless rejection, Chris Anderson wasn't angry at all. Instead, he made up all sorts of excuses for Mr. Chen in his mind, and finally slunk away to buy a ticket back to China.

If a person is strong enough, even if they slap someone across the face, the other person's first reaction will not be anger, but fear, or desperately reflecting on whether they did something wrong.
At 10 a.m., Chen Yansen walked out of his office and then pushed open the frosted glass door of a conference room.

"boss!"

Huang Zheng, Zhang Yifeng, Zhang Wenbo, Xiang Pengfei, Cai Qiming, Hu Yun, Song Yuncheng, and others greeted him in unison.

"Let's begin. As usual, keep it short and concise."

Chen Yansen waved his hand and gave instructions to Huang Zheng.

“Let’s take a look at the platform’s core operating metrics for July.” Huang Zheng nodded and then turned to Hu Yun.

Hu Yun nodded. He had been a data analyst in the project team since the FoxTao era, and based on his past work performance, he is now the director of the data center at Pinbei.

She is only 23 years old and has only been out of school for a year, yet she has three years of work experience.

Of course, there are many people on Pinduoduo who are even more outrageous than him.

For example, Meng Xibo and Zhu Xiaopeng had three years of work experience before their senior year even started.

After two years, Zhang Wenbo and Xiang Pengfei finally met Chen Yansen's requirements and were promoted from supervisor to director.

Looking at the composition of Pinbei's senior management, 40% were promoted from the bottom, and 60% were recruited from the outside.

Hu Yun calmly connected to the projected screen, opened the business PPT report, and then said: "As of July 31, Pinbei has accumulated 520 million registered users, 370 million monthly active buyers, and 97 million daily active buyers."

In July, total transaction volume reached 529.4 billion yuan, with 340 million orders, an average order value of 97.2 yuan, and an average order price of 155 yuan. Revenue reached 39.6 billion yuan, representing a month-on-month increase of 8.5% and a year-on-year increase of 32.9%.

When reporting data, remember to enlarge the table so that everyone can see it clearly.

He paused and continued, "The growth rate in July far exceeded expectations, mainly due to the upgrade of the 7 billion yuan subsidy and the growth of agricultural product categories."

The penetration into lower-tier markets continues, with the proportion of users in third-tier and below cities increasing to 65%.

Pinbei International's performance contribution has increased, with cross-border orders accounting for 12%.

Daily sales approach 18 billion?
Chen Yansen shook his head and frankly said that he was not satisfied, but considering that July is the off-season for e-commerce, he did not say much.

Seeing this, Huang Zheng knew that his boss was not satisfied with the transaction volume and revenue. His heart skipped a beat, and he quickly explained, "Boss, after the 618 mid-year promotion ended, Alibaba and JD.com both increased their marketing efforts, which diverted some users, so the month-on-month growth rate dropped to below 10%."

"Okay, let's bring the data back in August. If the month-on-month growth rate exceeds 10%, the performance bonus system will add 0.2."

Chen Yansen offered a casual word of encouragement.

His method of motivating his subordinates has always been simple and direct: just give them the money they need.

To motivate employees to work harder, you need to offer more bonuses.

“Okay, I understand,” Huang Zheng replied immediately.

Advertising revenue reached 26.2 billion yuan, with search advertising accounting for 40%. Commission revenue was 13.7 billion yuan, mainly due to the increase in brand merchants joining the platform. S-level merchants accounted for 7.1%, A and B-level merchants accounted for 63.9%, and D-level merchants accounted for 29%.

In addition, merchant fulfillment efficiency has improved. Through cloud-based intelligent warehousing, the average delivery time has been shortened to 2.7 days, and same-day delivery is basically achieved within the province…

After Chen Yansen and Huang Zheng finished talking, Hu Yun continued.

Pinbei, established just two years ago, is backed by two giants, Senlian Capital and Tencent. It has no shortage of funds or traffic and currently holds the second position in the industry, leaving JD.com far behind.

While there is a gap between them and Ahri, they are not far behind.

Once the lower-tier market truly enters its boom period, coupled with the golden age of cross-border business, Pinbei may very well achieve a transaction volume exceeding one trillion yuan in 2014.

Half an hour later, Chen Yansen listened to the monthly work reports of each department, including the risk control, human resources, finance and legal departments.

"In line with a major decision by the group, Pinbei will launch its IPO plan in mid-August."

Chen Yansen said in a flat tone.

But his words struck everyone like a thunderclap.

Go public!

Which of the Pinduoduo executives here doesn't have hundreds of thousands of stock options?
Only by going public can a company realize its value and achieve financial freedom.

After Alibaba and JD.com submitted their IPO plans, it would be a lie to say they weren't envious.

The company's compensation and benefits are good, but who can resist the chance to get rich overnight?
"The preliminary roadshow and selection of securities firms will take about six months to complete. Therefore, the final transaction volume in 2013 will determine the company's valuation and how much your options can be sold for, understand?"

Chen Yansen added.

"Boss, the target for next month is 600 billion, no! 700 billion!" Huang Zheng said through gritted teeth.

He has the most options, approximately 120 million shares. If we calculate based on a valuation of 500 billion US dollars, the total share capital is 20 billion, and each share is worth 25 US dollars. The exercise price is 0.01 US dollars, which is almost zero.

120 million shares are equivalent to 3000 million US dollars, or 1.86 million Chinese yuan!
Huang Zheng has only been with Pinbei for a year!
There will be plenty of opportunities to receive stock option rewards in the future. Given Pinbei's growth rate, by the time the company goes public and the trading window opens, his first batch of shares may have been unfrozen to 100%.

Zhang Wenbo and Xiang Pengfei exchanged a smile, their eyes filled with excitement.

They hold over 400,000 stock options, which are worth at least 50 to 60 million yuan.

Later management members like Chen Peng, Xiong Li, Yang Pinglun, and Cai Qiming also owned hundreds of thousands of shares.

Especially Tsai Chi-ming, a native of Taiwan, desperately suppressed his laughter, trying his best not to burst out laughing.

But when he thought about how he would have tens of millions in wealth in a few years, his smile became even brighter.

"I'm handing Pinduoduo over to you. You're the CEO, so you decide the monthly targets!"

Chen Yansen patted Huang Zheng on the shoulder and said.

The market value of Pinduoduo on the day of its listing will depend entirely on its performance in the second half of the year.

After the meeting, Chen Yansen remained seated, waiting for the people from Orange Technology to come and start the meeting.

Huang Zheng and others returned to the Pinbei headquarters building and announced the company's upcoming IPO plan, as well as the transaction volume target for August—70 billion!
No one complains about having too much; on the contrary, they complain about having too little.

Pinbei is an e-commerce company where all employees hold shares; everyone has stock options, the only difference being the number.

The higher the company's valuation, the more valuable their stock options become.

Zhu Xiaopeng glanced at Meng Xibo, nudged his arm, and said, "Bobo, if the company's market value can exceed 1000 billion US dollars, wouldn't we both become millionaires?"

"I don't know. A market value of 1000 billion is difficult. I heard that Ali was valued at only 800 billion last year. We would be lucky to have 500 billion US dollars."

Meng Xibo usually pays close attention to the valuation of internet companies.

“500 billion US dollars is fine too. I have 2 shares, which would be worth more than 300 million yuan. I could buy more than a dozen houses back in my hometown.”

Zhu Xiaopeng was lost in his own thoughts with great satisfaction.

When he was a freshman in college, he wanted to take the postgraduate entrance exam and pursue a doctorate, and then work for a newspaper and become a famous reporter; now he just wants to work hard and increase the company's market value.

Although he is just a team leader in the customer service department, he is also an important bridge for maintaining user experience.

"You little brat, you want to be a landlord, huh?" Meng Xibo laughed.

His position is one level higher than Zhu Xiaopeng's, and he has more stock options, which are worth at least tens of millions of yuan based on a valuation of 500 billion US dollars.

Other customer service, operations, and R&D personnel receive anywhere from five or six hundred shares to ten or twenty thousand shares.

On the day the company goes public, there will be at least several hundred millionaires, multi-millionaires, and other millionaires. Even customer service staff will have an extra income of sixty or seventy thousand.

For a time, everyone at Pinduoduo was caught up in a frenzy.

People who usually like to leave work on time are starting to voluntarily work overtime.

The marketing department continued its efforts in lower-tier markets, collaborating with colleagues at Yunsu Express service stations and Orange Mobile direct-sale stores to distribute promotional tasks in order to acquire more new users.

Within just two days, 40% of the business development and operations department applied for business trips, planning to travel to industrial belts and agricultural product direct sourcing bases across the country to re-examine potential merchants and find new business growth points.

The following day, news of Pinbei's preparations for an IPO spread like wildfire.

The hype exploded instantly!

"Pinbei was founded less than two years ago and may set a record for the fastest IPO in history—an internet miracle!"

Shocking! Hong Kong brokerage firms estimate the value at US$560 billion!

"All three major e-commerce platforms will submit IPO applications, and JD.com is very likely to be at the bottom!"

"Nasdaq extends an olive branch to Pinduoduo, with Wall Street brokerage giants offering a record-breaking valuation of 600 billion!"

Considering the length of time Pinbei has been established, its listing speed is frighteningly fast.

Given Pinbei's business scale, submitting its IPO application at this time is just right.

"Jingdong at the bottom?"

Liu Qiangdong stared at the computer screen and cursed all the media outlets and reporters who wrote the article.

So what if we're at the bottom?
Even if it's true, should we keep repeating the truth every day?
Handsome Dong was furious.

After seeing the news, Li Yanhong frowned, and thinking of Baidu's continuously declining market value, he couldn't help but sigh.

In the three months that followed, Baidu burned through 50 billion yuan in marketing expenses, but its market value dropped by 60 billion US dollars.

They are currently in a dilemma: abandoning the O2O strategy would mean wasting all the human, material, and financial resources they have invested.

He lacked the confidence to compete head-on with Senlian Capital.

at the same time.

Chen Yansen received a call from Meng Yuanzhi. After understanding the other party's purpose, he did not hesitate and readily agreed to the other party's request.

After all, DeepBlue Battery received orders worth tens of billions of yuan, which would take at least two years to complete.

You could also outsource some of your orders to BYD or CATL for manufacturing.

He ate the meat heartily, leaving some soup scraps for his colleagues.

There's nothing we can do; Mr. Chen is just too kind-hearted!

　Godfathers, Chapter 3 will be released a little later, probably around 30 minutes.

　　
　
(End of this chapter)