Reborn in 08, a heretical cultivator starting a business

Chapter 117: U-Tuan Technology's Valuation Plummets?
For a moment, everyone was filled with mixed emotions.

The people in YouTuan's group buying business unit were extremely grateful.

Wang Junshan never expected that he had seen all their efforts.

And they were specifically highlighted and commended!
"The performance of YouTuan's group-buying business unit is also outstanding," Wang Junshan continued.
"By the end of the month, YouTuan Group Buying had expanded to 13 new schools in the Binhai area, bringing the total number of schools expanded to 22."

"The Jeju region has expanded from scratch, establishing 18 new campuses!"

"Currently, YouTuan Group Buying covers 40 schools."

"We exceeded our target by 30 schools!"

"Yesterday, YouTuan Group's single-day revenue reached 500 million!"

"Compared to before, this represents a five-fold increase!"

Congratulations to Utuan Group Buying Business Unit!

Wang Junshan led the applause.

Other employees also applauded, and their gazes toward the YouTuan group-buying business unit became more attentive.

In just one month, the revenue increased fivefold, reaching 500 million per day!
Annual revenue is over 18 billion!

More importantly, YouTuan Group Buying will not stop moving forward!
On the contrary, it will continue to expand and gradually grow stronger.

It will cover more schools and achieve even more staggering revenue.

In the simplest case, 40 schools would generate 500 million in revenue per day.

What about 100 schools? 1000 million in daily revenue is not a problem.

What about 150 schools? That's 1500 million in daily revenue!

If this trend continues, it won't be long before YouTuan Group Buying becomes a super giant with daily revenue of 1500 million!

Become a super giant with a valuation of 50 billion!

Everyone was suddenly alarmed.

This is entirely a script from U-Tuan's international business division!

While everyone's attention was focused on YouTuan International, in a corner no one noticed, YouTuan Group Buying was also developing quietly and rapidly expanding!
In fact, Wang Junshan was also shocked when he opened YouTuan group buying this morning.

It's still the same familiar page, but the number of product categories has doubled!
The number of SKUs (stock keeping units) originally only amounted to about a thousand, but during the summer vacation, it was reduced to 200.

But now, it has expanded to 1300!
Not only have all the previous products been launched, but many new products have also been added.

Especially for the back-to-school season, we've arranged everything we could!
It's cheaper than supermarkets outside the school, and even cheaper than the school supermarket.

It's very popular among students, so it's hard not to see it selling like hotcakes.

Furthermore, precise positioning is adopted based on different cities.

For example, in Binhai City, in addition to winter melon, quilts, sheets and mattresses have also been launched!
Tens of thousands of orders were sold in just one day!

Simply put, Binhai City is located by the sea, and the tides are high.

Some dorm rooms forgot to close the windows, and when students returned to school, they found that all the blankets and mattresses in the dorm rooms were covered in mold and had to be replaced.

School supermarkets sell things that are too expensive, so group buying on YouTuan has become the first choice.

For example, phone cards are available through group buying platforms like YouTuan.

Aside from a few normal phone cards, there are mostly a series of special "god cards" or "black cards".

For example, it costs 15 yuan and comes with 30 yuan of phone credit.

30 yuan each, with 50 yuan of phone credit.

50 yuan each, with 100 yuan of phone credit.

These phone card numbers are not good, they all contain the number 4, but they are very cheap.

Whether you're turning on mobile data, topping up QQ coins, or subscribing to a membership, it works great.

There are also black cards, or internal mobile cards, with a monthly fee of five yuan, calls costing one cent per minute, and data costing 10 yuan per GB!

That's even more impressive.

In the 2G era, 1GB of data was practically more than enough.

These cards are theoretically non-compliant, but they're everywhere.

Major e-commerce platforms offer both online and offline options. It's understandable that YouTuan Group Buying would launch its own platform.

Of course, it's not operated by YouTuan Technology itself, but by a third party, similar to the grey market iPhone model.

Sales figures are even more astonishingly high.

Many students basically have a campus SIM card issued by the school, plus a disposable black SIM card that they throw away after using it up.

Or you might have a powerful card, but you never know when it will be detected and your account banned by the mobile network.

But as long as it's not detected, you're making a profit; you earn a profit every month you use it.

Everyone else pays 10 yuan for 100MB, I pay 10 yuan for 1GB, what more could I ask for?
There are many similar products and operations, which amaze Wang Junshan.

All I can say is that YouTuan's group-buying division really went all out; they put everything they could on the platform, and they did so with great care.

All compliant operations are self-operated.

Those that are not compliant, such as grey market iPhones, black market credit cards, and so on, are all shell companies run by third parties.

Even if an investigation were to be conducted, it would eventually trace back through layers of bureaucracy, eventually reaching shell companies in Hong Kong, and then the Cayman Islands…

There's no way to check it.

Of course, the three major telecom operators were too lazy to investigate.

If China Mobile cracks down on this, all these users will go and buy black market or "miracle" SIM cards from China Unicom and China Telecom!

By forcing its own users to become users of China Unicom and China Telecom, isn't China Mobile being foolish?
It wasn't until after 2010, when the Ministry of Industry and Information Technology required real-name registration for mobile phones, that the number of black market SIM cards decreased slightly.

After 2013, black cards began to be legalized, and they became a series of "god cards" such as Alibaba Telecom, Xiaomi Mobile, and DaShen Card, thus meeting the public's demand for black cards.

After 2015, mandatory real-name registration was implemented nationwide, and black cards gradually disappeared.

This is simply a characteristic of this era.

Yesterday, YouTuan sold tens of thousands of black cards and premium cards!
This segment alone generates millions in revenue and hundreds of thousands in profit.

At the start of the school year, roaming fees and long-distance fees are expensive, and data traffic is even more expensive.

Who can stand a proper set meal?

But if you buy a black card or a super card, then you're all set.

It can only be said that everything that exists has its reasons.

Consumption arises from demand.

Wang Junshan wouldn't be foolish enough to take a blanket approach and remove all black cards from the market.

Especially with a monthly disposable black card, you can earn hundreds of thousands every month, and millions a year. There's no need to turn down money.

“In August, the YouTuan group buying business unit, like other business units, achieved S-level performance and received double the performance bonus.”

"Let's give another round of applause for the dedication and hard work of the YouTuan Group Buying Business Unit!"

"I hope everyone will keep up the good work!"

After the applause, the commendation ceremony came to an end.

All the employee representatives and department heads left.

Wang Junshan then joined the YouTuan group buying business unit.

Supervisor Hou Yufei was full of fighting spirit:
"Boss, we've only covered less than half of the 40-plus schools in Jeju. Our Marketing Department 1 will be based in Jeju, working with the newly established Jeju branch to continue expanding to the remaining schools. By the end of the month, we aim to have all 40 universities listed on the YouTuan group-buying platform!"

"Binhai City is already saturated; all the potential for development has been explored."

"Three colleagues from Marketing Department Three will remain to handle daily operations. The rest of the colleagues, along with those from Marketing Department Two, will head to Nandu tomorrow to expand the Nandu market! By the end of the month, we aim to have 20 schools listed on Nandu!"

"YouTuan group buying has expanded beyond the province, that's great!" Wang Junshan was very satisfied:

"Your efforts are appreciated by me and the company. We won't treat you unfairly. If you need anything, just let us know!"

"There's nothing I need. The company's compensation is already very generous," Hou Yufei said with a smile.

“Although everyone works hard, each employee in the marketing department receives a base salary of 1000 yuan, an S-level performance bonus of 1500 yuan, and a net income of 2500 yuan, plus social insurance and housing fund! We are so happy that we have no complaints.” Wang Junshan was very generous to his colleagues in the marketing department.

All of them offer five social insurances and one housing fund, plus a base salary of 1000 + performance bonus of 0-1500!
If they were to slack off and fail to produce results, Wang Junshan wouldn't be a terrible victim. Providing them with the five social insurances and one housing fund plus a base salary of 1000 yuan would be more than enough.

As long as the performance target is met, you will receive an A-level performance bonus of 700 yuan, which will amount to 1700 yuan!

Exceeding the performance target earns you an S-level performance bonus of 1500 yuan, which translates to 2500 yuan after taxes and fees!

The YouTuan Group Buying Business Unit lived up to expectations, achieving the goal of opening simultaneously in 30 schools, but actually opening simultaneously in 40 schools, exceeding the target and naturally receiving S-level performance!
I will receive 2500 RMB plus five social insurances and one housing fund.

In 2008, when the average take-home pay was 1000-1500 yuan, this income was very high.

Let alone in Binhai City, even in Beijing, Shanghai, Guangzhou, and Shenzhen, it's considered high!
That's equivalent to a monthly salary of 20,000 yuan more than ten years from now, with a take-home pay of 10,000+ yuan!

As for Hou Yufei, the tanned supervisor, he was even more excited because he received 4000 last month!

His parents, who had previously disapproved of his decision not to take the civil service exam, have fallen silent.

Even a division-level cadre who works his way up to retirement earns less than 4000 yuan a month!
"You must also take care of your health in your spare time," Wang Junshan advised.
"From now on, the marketing department should be equipped with products like sunscreen and makeup remover, and they should be from major brands. The finance department can reimburse them."

Wang Junshan gave instructions.

"Thank you, boss." Hou Yufei was extremely grateful.

YouTuan International has achieved a daily turnover of over 100 million, while YouTuan Group Buying only has 5 million.

If it were any other boss, they would simply regard YouTuan Group Buying as a third-rate business unit and not take it seriously at all.

But Wang Junshan was different; he not only attached great importance to him, but also gave him special treatment.

Even the benefits are higher than those at U-Tuan International.

A regular employee at YouTuan International earns around 2000 RMB, which is 500 RMB less than the employee in YouTuan's group-buying department.

Wang Junshan has his own set of logic.

YouTuan International's success was easy; it was largely due to Wang Junshan's strategic planning, the use of WeChat Farm for traffic generation, and the unexpected influx of traffic from the collapse of Sanniu!
Therefore, U-Tuan International's employees don't need to work hard; they can just sit back and win, and the revenue explodes!
Even with the current surge in orders, we had to draw on several departments and over a thousand students from Binzhou University to handle it.

Frankly speaking, it's not that U-Tuan International's employees are particularly outstanding that they achieved such results.

Wang Junshan knew perfectly well what was going on, so naturally he wouldn't offer the highest salary.

Keyoutuan group buying is different!
Expanding into every city and covering every school requires the marketing team to go out, negotiate, and push things forward.

Talking to clients, visiting school leaders, promoting pickup points, distributing flyers on the ground...

Every member of the marketing department does this every day, exposed to the elements.

I'm so tanned I look like an African.

Wang Junshan saw all the hard work and naturally gave him the highest salary.

It can be said that the future of YouTuan Group Buying depends entirely on the marketing department and this team.

Wang Junshan naturally attaches great importance to this.

It's also a training exercise.

He is building an invincible team!

Once this team succeeds, there won't be any problems with subsequent group buying, whether it's campus group buying, community group buying, local life group buying, or even food delivery!
In its past life, during the group-buying war, Meituan was able to fight its way out of the hundred-group war and survive to the end, even with minimal funds and a departure from Alibaba, thanks to its strong team!
Especially in market penetration, they are invincible!

Even Dianping, backed by Tencent, felt terrified and ultimately had no choice but to back down and merge.

Of course, how Lao Wang treated these brothers afterward is another story.

But Wang Junshan is different.

Wang Junshan treats the marketing team at YouTuan Group Buying very well.

Everyone has five social insurances and one housing fund, and receives 2500 yuan after deduction!

Overall, it's 2000 higher than the price offered by YouTuan International.

Second only to WeChat, and the first game development department in China has 3000 employees!

There's no way around it; the R&D department is practically working themselves to the bone with 996 schedules, so it's only natural that they get the highest salaries.

"Boss, our department's salary is higher than that of YouTuan International. Won't they feel resentful?" Hou Yufei couldn't help but ask.

Wang Junshan laughed: "Who's upset? Let them go to your marketing department for some training, and give them 3000 too!"

"Haha, I think it'll work!"

"Don't worry, I have high hopes for YouTuan's group-buying business unit. With steady progress and a step-by-step approach, your future is limitless!"

After saying that, Wang Junshan turned and left.

Looking at Wang Junshan's back, Hou Yufei couldn't help but feel his blood boil.

The other employees were even more motivated.

A scholar dies for a confidant.

Since the boss values ​​the YouTuan group buying marketing department so much, we naturally have to go all out and achieve results!

The next morning, everyone boarded the bus and headed straight for Nandu!

Expand into the Jiangsu Province market!
Wang Junshan stood upstairs, watching the YouTuan group buying marketing department disappear into the distance.

"Boss, you seem to have a particularly high opinion of YouTuan's group-buying business unit." Shen Huaijin was somewhat surprised.

If it were another boss, they should have been more optimistic about U-Tuan International.

Wang Junshan smiled: "YouTuan International is doing well now, but its potential is limited."

Initially, the market relied on grey market iPhones, but now that grey market iPhone sales are declining, prices have also dropped.

Fortunately, San Niu went bankrupt, and imported maternal and infant products took its place.

But what's next?
For some time to come, mother and baby products will be in high demand, but there is limited room for further growth.

U-Tuan International's daily revenue is also declining.

Let alone maintaining a daily revenue of over 100 million, it can't even sustain 70 million.

This miracle could only have been achieved with the support of a massive boom in the maternal and infant product category.

There's no way around it; the limits of vertical e-commerce are there.

The group buying deals offered by YouTuan are different.

Don't be fooled by the low revenue now. As long as we take steady steps and expand comprehensively, it's not difficult to achieve a stable daily revenue of over 2000 million.

If community group buying is further promoted in second-tier cities, it is possible to achieve a stable daily revenue of 3000 million yuan.

If local group-buying services are launched later, that would be even more amazing.

It can be said that the upper limit of YouTuan group buying is much higher than that of YouTuan International.

It just needs time to develop gradually.

"The future of YouTuan Group Buying is bright."

Wang Junshan didn't explain further, but Shen Huaijin fell into deep thought.

Tencent Investment Department.

Yao Mingchen joined a newly established department:
"So, how's it going? Have you calculated U-Group International's revenue for today?"

The subordinate nodded and opened a spreadsheet:
"We used web crawlers to scrape sales data and unit prices from YouTuan International, and estimated the transaction volume of YouTuan International in the past few days."

"Transaction volume on the 31st: 1.05 million. Transaction volume of grey market iPhones: 8012 million."

"Transaction volume for No. 1: 8169 million. Transaction volume for grey market iPhones: 6717 million."

"Transaction volume for No. 2: 7098 million. Transaction volume for grey market iPhones: 5547 million."

"As of 10 PM tonight, the transaction volume is 5927 million. The estimated total transaction volume for today is 6149 million, with the transaction volume of grey market iPhones being 4523 million!"

"Very good!" Yao Mingchen smiled.

"In just three days, YouTuan International's sales of grey market iPhones have plummeted from over 80 million to over 40 million, nearly halved. YouTuan Technology's valuation is also crashing!"

"In two more days, when YouTuan International's daily turnover from grey market goods drops to 3000 million, YouTuan Technology's valuation can be reduced to 100 billion! That will be the best time for us to negotiate!"

(End of this chapter)