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

Chapter 578 A net worth of 300000000000 million US dollars, the King of the Chinese Internet!

The next day, March 8th.

Pinduoduo, Tmall, and JD.com have increased their promotional efforts, offering a plethora of no-threshold red envelopes, large-amount discount coupons, home appliance coupons, digital product coupons, and beauty product coupons.

JD.com's strengths lie in 3C digital products and large appliances, while Pinduoduo's strengths lie in food, clothing, and cosmetics. The combined efforts of the two have completely disrupted Tmall's promotional schedule.

In order to compete, Zhang Yong had to repeatedly increase the scale of the March 8th promotion, raising it to the level of the 618 shopping festival. In terms of marketing expenses, it was even comparable to Singles' Day.

The first wave of shopping demand in 2014 was fully released.

Platforms such as Suning, Gome, Dangdang, Yixun, and Yihaodian acted as spectators throughout the entire process, watching Pinduoduo, Yaomao, and JD.com go crazy.

Chen Yansen, Ma Liyun, and Liu Qiangdong were busy with meetings in Yanjing, and when they encountered reporters, they had to pretend to get along well.

The following morning, the sales reports from the three major platforms were released one after another. From March 7th to March 8th, when the sale officially started, Pinduoduo's total transaction volume reached 269.4 billion yuan!
JD.com's revenue is 108.3 billion!
Yaomao and Taobao together have a combined value of 257.9 billion!
Judging from the performance of the first major e-commerce promotion in the first half of the year, Tmall was completely outmatched by Pinduoduo.

However, e-commerce professionals know that this is because Pinduoduo and JD.com upgraded the level of their March 8th promotion activities. They not only bought a lot of traffic on products such as Toutiao, Lingxi Browser, Douyin, and Xiaohongshu, but also signed more favorable cooperation agreements with key account merchants, catching Ali completely off guard.

Ma Liyun, who was attending a meeting in Beijing, had a dark expression on her face all day after learning about Pinduoduo's transaction volume.

Who would feel good about becoming the second oldest?
Although it was mainly due to Ali's carelessness and being ambushed by Pinduoduo and JD.com, it is also an undeniable fact that Yaomao and Taobao have reached their peak in traffic and their sales are sluggish.

He started food delivery, group buying, and electronic navigation maps; acquired UC Browser; invested in Weibo; and developed Laiwang. In the end, wasn't he just trying to get cheap external traffic?
However, in building third-party channels, Ali is clearly inferior to Senlian Capital.

Pinbei has a large number of apps directing traffic to it, and the cost of traffic is extremely low.

Although the average order value is lower than Ali's, the repurchase frequency and conversion rate are much higher.

With this shift in power, Ali actually lost to Pinduoduo in this year's March 8th promotion.

Although Ali's daily sales figures are around 40 billion, Pinduoduo's are less than 30 billion.

But the media and netizens didn't care about such big news; they all plastered shocking headlines on the homepages of major portals and news platforms.

Examples include headlines such as "Just Now! Pinbei Surpasses Ali for the First Time," "E-commerce Industry Undergoes a Revolution! Ali Falls from Grace, No Match for Pinbei!" and "Why Was Pinbei Able to Defeat Ali? The Reasons Behind It Are Thought-Provoking."

Ma Liyun returned to the hotel, took out her phone, glanced at the trending topics on Weibo, and her expression grew increasingly grim.

Previously, netizens called him "Father Ma," but now they're all calling him "Chen Baba" in the comments section of that kid Chen Yansen's post.

What the hell!
Let's wait until Pinduoduo's sales exceed one trillion before we talk about it!

Winning once is no big deal!
Who knows how much exaggeration is in that figure of '269.4 billion'!

Ma Liyun grew increasingly angry, so she turned on her computer and called a video conference on the spot.

In response to the provocations from Chen Yansen and Liu Qiangdong, he plans to retaliate during the 618 shopping festival, turning JD.com's anniversary sale into a joke and letting Pinduoduo know who the real e-commerce king is!
at the same time.

A cargo ship carrying 3800 tons of beef departed from the port of Djibouti and slowly headed towards Shenzhen.

The beef brisket, steaks, and shanks stored in refrigerated containers will be served at the Kuaipao canteen in early or mid-next month.

That afternoon, Kuaipao's official Weibo account posted a message welcoming Jiang Fan to the company as the Vice President of Kuaipao's food delivery business in the Southeast Asian market.

Netizens simply skipped over it after seeing it.

After all, Jiang Fan wasn't famous in Ali, nor was he famous in Kuaipao. Even though he was the founder of Umeng, Umeng wasn't well-known.

This has caused quite a stir in the internet industry!

It's worth noting that Ma Liyun spent $8000 million to acquire Umeng last year, and also brought Jiang Fan under his wing, putting him in charge of the content system of Taobao App at the M5 level, equivalent to a P10 researcher.

How could such mid-to-senior level managers be poached by Kuaipao?

In addition, is Kuaipao Delivery going to enter the Southeast Asian market?

Meanwhile, Time magazine, located on the other side of the ocean, once again featured Chen Yansen's photo on its cover.

The title used "King of the Chinese Internet"!
This is a photo of Chen Yansen walking out of the Yenching Conference Hall, with a magnificent architectural complex in the background. The March sky is covered with leaden clouds, giving people a strong sense of oppression.

But in the photo, Chen Yansen looks as if he is carrying a rolling black cloud, with a relaxed and carefree expression on his face and steady and agile steps.

In the blank area, product logos float, including Pinbei, Kuaipao, Orange Technology, Gaode Map, Mimo, Douyin, Toutiao, Orange Literature, and Yunsu Express.

The article vividly and simply showcases Senlian Capital's vast business empire. Below the title is a subtitle: "Twenty-two years old, net worth of 300,000,000 US dollars!"
Thanks to Time magazine's actions, Chen Yansen's fame in North America has increased even more, with his number of followers on Mimo, Facebook, Twitter, and Instagram skyrocketing.

The desire to admire the strong is universal!
Moreover, the companies under Chen Yansen's name have not had any negative impact on ordinary people in North America.

Take KuaiGo, the overseas version of Kuaidi Dache, for example. It mainly employs local drivers, with only a small number of technical and management personnel being Chinese. This not only generates tax revenue but also provides job opportunities.

Mimo short video, needless to say, has gained countless loyal fans and become everyone's daily entertainment app.

Although some bloggers online are stirring up trouble by saying that the rise of Orange Technology and Tiangong Technology could potentially impact the semiconductor industry in the United States, most people don't care.

They only care about Mimo's next short video and whether it can push content that interests them the most.

at the same time.

At the Waldorf Astoria Hotel in New York, Cheng Weixing signed a Series A financing agreement with Goldman Sachs and Tiger Global Management. Goldman Sachs led the investment, with Tiger Global Management making follow-on investments, in exchange for 6000 million US dollars for a 10% stake in KuaiGo.

After the transaction, Kuaidi Dache will hold 54% of KuaiGo's equity, Senlian Capital 36%, Goldman Sachs 6%, and Tiger Global 4%.

Chen Yansen knew very well that the development and popularization of KuaiGo was absolutely inseparable from the assistance of local capital.

This is similar to how Oliver, as the head of Groupon's international business, entered the Chinese group-buying market and partnered with Tencent to establish Groupon.com.

You have to give in order to gain!
Otherwise, if Uber's investors resort to underhanded tactics and wield policy power, KuaiGo will suffer.

At that time, Uber dominated the North American ride-hailing market, with a daily order volume of up to 50.

Lyft ranks second with over 6 active drivers and around 8 daily orders. Sidecar, which was originally third, has fallen to fourth place in the industry after KuaiGo's arrival.

Currently, KuaiGo's business covers more than 60 cities in the United States, with daily order volume remaining around 5.

Compared to Lyft, it has only half the service area, but its order density is 1.25 times that of Lyft.

This shows that Cheng Weixing, after learning from domestic operational experience, made localized adjustments to both the passenger and driver services of KuaiGo.

To put it bluntly, his approach was learned from Rocket Internet. The strategy is simple and can be summarized as "replicating the business model → recruiting elite talent → setting goals → burning money to acquire market share → gaining market share".

When the news reached China, netizens realized that Kuaidi Dache had already entered the North American market and was fiercely competing with Uber and Lyft.

Moreover, KuaiGo raised overseas capital, using foreigners' money to fight against foreigners, which is incredibly exciting.

the other side

Kuai Pao delivery station on Yishan Road in Shanghai.

Li Zhou accepted the amulet and lunchbox from Xu Jiacheng. Although he was touched, he scolded, "I'm going to Annam to be a station chief, not to fight in northern Burma. Why did you give me a amulet?"

He actually wanted to say thank you, but felt it was a bit embarrassing for men to say such things.

Therefore, the words that were about to be spoken became jokes.

"Brother Zhou, my wife specially made chicken soup for you. The amulet is something I got for you after taking a day off to go to Mount Putuo. May you have a safe journey."

Xu Jiacheng grinned, but his expression was full of bitterness.

"Hey, next time just buy one from the street vendor. Why did you take the day off last Wednesday? Wasn't that a waste of a chance to make money?"

Li Zhou reprimanded him with a stern face.

"Only with a sincere heart can the Bodhisattva protect you." Xu Jiacheng waved his hand and chuckled.

"Why are you worshipping any deity? The person who pays our salaries is Brother Sen. You should worship the boss instead."

Li Zhou was joking.

"Brother Zhou, I don't have much to give you. This is my treasured collection of over ten years, and I'm giving it all to you."

Another deliveryman handed Li Zhou a USB drive.

"Damn it! You trying to get me into trouble, huh? If this gets out, will you even be able to face anyone in your next life? You'd better take good care of your own wife."

Li Zhou quickly declined and returned the USB drive containing 32GB of seeds to the other party.

"Brother Zhou, have a safe trip. Don't forget your brothers when you make money. Just send some Southeast Asian specialties to everyone during holidays."

Another rider from the same station said with a grin.

"Shall I send you a bride from Annam?"

Li Zhou said with a wicked smile.

"Brother Zhou, can you get one for me too?"

"Brother Zhou, me too!"

For a moment, several lewd laughs echoed through the site.

After Jiang Fan joined the company, he naturally had to do his job, and only by achieving results could he have the opportunity for promotion.

Therefore, he selected a group of experienced riders from stations across the country and prepared to transfer them to Southeast Asia to work as trainers and grassroots managers.

Many people never imagined that at his age, he would have to go abroad to work.

Fortunately, their income increased and their benefits improved, so these people didn't have any complaints.

On the contrary, the staff of the immigration association were a bit confused. At the beginning of the year, a group of couriers applied for passports. When asked casually, they found out that they all had the title of supervisor of Yunsu Express Southeast Asia Branch.

This wave of delivery drivers are all station managers.

Within Senlian Capital, a wave of people are going abroad.

On the company's intranet forum, everyone was discussing Kuaipao's overseas expansion plan. A small group of employees assigned to the European market were the most comfortable, as their base salary doubled and their order delivery bonuses tripled.

Overall income: easily earning 30,000 yuan per month.

For Chen Yansen, 2014 marked the beginning of the group's globalization and internationalization; otherwise, relying solely on the domestic market would have been too slow in acquiring humanitarian aid.

……

……

The closing ceremony concluded on March 12, marking the end of the conference.

Chen Yansen spent nearly half a month in Yanjing for the first time. Before leaving, he took the opportunity to visit the headquarters of Gaode Map, the Kuaipao branch, OFO, and Wanhe Tianyi, which was recently acquired by Senlian Capital.

At this moment, Liu Xunzi Mo's film "Reborn in 2010, I Teach Chen Yansen E-commerce" is about to come to an end.

Ultimately, it was just a short drama with a very low production cost, filmed over a period of 12 days, which can be described as a high-quality production.

Only a third of the novel's plot has been filmed. Yi Xiaoxing sat in front of the monitor, pinched his chin, and estimated that, based on 3 minutes per episode, with the current material, editing 80 episodes wouldn't be a problem.

Add in the opening and closing credits and sponsor ads, cutting it down to 100 episodes shouldn't be too much of a problem, right?

(End of this chapter)