The relationship between major e-commerce companies and VRstore was like that between chain stores and shopping malls. From payment to logistics, it was all provided by these traditional e-commerce companies, and VRstore only provided a "window". The relationship between the two was more like a kind of interdependence.
In fact, Jiang Chen had previously considered starting from scratch, getting rid of the established e-commerce companies, taking over a series of links from payment to logistics, and creating Future Technology's own shopping platform. However, after discussing with Xia Shiyu, he gave up on this plan.
Future Technology was building rockets, but there was no need to carefully polish every screw.
Inside Future Building on Coro Island, Xia Shiyu, dressed in an office lady outfit, stood in front of Jiang Chen's desk and reported on the VRstore. From the faint excitement on her serious face, Jiang Chen could already feel how gratifying the results of the "VR + e-commerce" plan, which had been brewing for more than half a year, were.
"… According to the feedback from the North American branch, in the first week of VRstore's launch, Amazon's total transaction volume increased by 18%, and the VRstore platform accounted for 40% of this week's transaction volume. EBay's transaction volume also increased by 13%. These two e-commerce companies immediately proposed additional cooperation agreements with us, hoping that we can relax the product review and speed up the store's entry into virtual reality. "
Jiang Chen comfortably leaned back in his chair.
"What about Hua?"
A smile appeared on Xia Shiyu's face as she continued.
"Taobao's transaction volume increased by 28% compared to last week, and Jingdong's was 34%."
Don't underestimate the 28% increase. Although it included many factors such as natural growth and online marketing, the overall sales base was very large. For Taobao alone, Taobao's transaction volume in 2015 was 3 trillion! And since 10 years ago, it has maintained an increase of more than 60% year on year.
Although the growth rate has slowed, according to Taobao's 2017 transaction volume data, the transaction volume still exceeded 4 trillion. Now that the artifact VRstore suddenly appeared, Taobao's transaction volume was expected to exceed the 5 trillion mark this year.
"It's like a money printing machine." Jiang Chen exclaimed.
"I think so too." Xia Shiyu nodded in agreement. "Do you know how much money we made on VRstore last week?"
"How much?" Jiang Chen asked with interest.
"1.2 billion."
When he heard this number, he was stunned.
However, Xia Shiyu seemed to think this number was not shocking enough, so she added, "1.2 billion US Dollar."
After Jiang Chen recovered from the shock, he awkwardly smiled and touched his nose.
"… If you didn't say it, I would have thought it was Vietnamese Dong."
1.2 billion in a week, this was more than a money printing machine. Even a money printing machine couldn't print this fast!
What was even more shocking was that this 1.2 billion was the after-tax income. Although the scanning fee for one million items contributed more than half, the 1.2 billion still shocked Jiang Chen. One had to know that Ali's annual net profit was only slightly more than 7 billion yuan. It was already one of the top e-commerce companies in the world. Future Group's VRstore only used one week to earn the sales that Ali needed to complete in a quarter!
What would happen if the VRstore grew up?
In order to celebrate this victory, Jiang Chen gave each of the more than 300 employees of the VRstore project team a big red envelope and took them to a celebration party on the hot spring island.
In order to celebrate this victory, Jiang Chen gave each of the more than 300 employees of the VRstore project team a big red envelope and took them to a celebration party on the hot spring island. For Future Group, this was undoubtedly a big step towards technological independence.
For now, in the entire Future Group, only Future Technology could achieve this.
…
The first reaction of those with vested interests to the emergence of new things was rejection, the second reaction was how to stop it, and the third reaction was to think about how to adapt to the trend of the times and make changes. However, when they began to think about changes, they were three beats behind the times and could only helplessly be eliminated by the times.
Bentonville, Arkansas was the headquarters of the world's largest retailer, Wal-Mart.
This legendary retail company had a nearly legendary history of prosperity. When Fortune magazine released the 2007 list of the world's top 500 companies, Wal-Mart topped the list with a turnover of 351.139 billion US Dollar and held this honor for six consecutive years. When Fortune magazine began to rank the world's top 500 companies in 1955, Wal-Mart was only a mom-and-pop store in the small town of Bentonville.
At this moment, in the headquarters of Wal-Mart, the board of directors held an emergency meeting to discuss how to respond to the impact of VRstore on the retail industry.
"Which idiot rejected the proposal of Future Technology? We could have hitched a ride on VRstore."
"It was the vote of the board, Mr. Cassero." CEO McMillan stood up and responded to the director who accused him.
"Oh? Are you saying that everyone here is an idiot? "
"Don't get me wrong, I absolutely didn't mean that, Mr. Cassero. Unless you agree with this yourself. "
"You —!"
Dong dong dong —
The sound of knocking on the table forcibly broke the noise at the conference table.
The president, Robson Walton, who was sitting at the head of the conference table, stopped tapping his knuckles on the table and glanced at the two with his turbid but sharp eyes.
"We have more important things to do than arguing, don't we?"
The elderly patriarch of the Walton Family had a high prestige among the board of directors. Hearing Old Walton's words, the group of directors looked at each other and quickly stopped their meaningless quarrel. McMillan spread out his hands and opened his mouth. In the end, he didn't say anything and obediently sat back down.
Yes, Wal-Mart had rejected Future Technology.
Wal-Mart also operated its own e-commerce website, and its scale could be ranked in the top three in the UA. However, six months ago, they did not accept the concept of "VR + e-commerce" proposed by Future Technology. As for the reason, it was very simple. Wal-Mart's advantages were many. It could connect its huge physical retail stores and online business to provide a full range of services for customers, so there was no need to rely on the platform of VR.
No UA would be unfamiliar with the goods on the shelves of Wal-Mart.
In addition, if Wal-Mart appeared on the virtual reality platform, it would definitely have a greater impact on the sales of Wal-Mart's physical stores.
And facts proved that this decision was wrong.
Whether they were willing to accept it or not, the sales of Wal-Mart's physical stores would be impacted by VRstore. Refusing to enter the VRstore also caused their market share on the e-commerce platform to be divided by Amazon and eBay.
"We were already in a disadvantageous position when we faced Amazon. Now, the VRstore directly pushed us to the bottom. It's not just Amazon, even eBay is trying to distance themselves from us. "A director shook his head and said.
"It's not too late to make up for it. I'll go to Xin in person, and I'll ask my secretary to help me book a ticket for tomorrow, "McMillan said.
"It's not too late? Even if we change our mind now and beg Future Technology to let us join the VRstore, do you think we can immediately get on the virtual reality platform? " Cathro, who had previously argued with him, mocked. "It took more than half a year to scan 800,000 items. If we join now, I don't know how many stores are waiting in line. Maybe by this time next year, Wal-Mart's products will appear on the VRstore's shelves?"
They can't put aside their partners and let you, a latecomer, cut the queue, right?
"I'll convince him," McMillan said seriously.
"Ha —"
Cathro just wanted to mock, but Mr. Walton didn't give him a chance to speak and forcibly interrupted him.
"No need to book a ticket, I'll lend you my plane. Don't wait until tomorrow, go today. "
Holding his breath, McMillan nodded seriously.
"Yes!"
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