Some people might think that Ma Huateng found so many ways to deduct money on Taobao that the buyer and the seller must be very unhappy.
It was unknown whether the buyer and the seller were unhappy with Taobao, but they kept introducing their friends to Taobao. The number of registered businesses on Taobao increased from 12,000 at the end of 1996 to 60,000 in the middle of 1997.
The volume of orders had increased from less than 1,000 orders by the end of 1996 to 32,000 orders by the middle of 1997.
The buyer and the seller voted with their feet, proving the success of Taobao's reform.
The reason was very simple. Boss Jia had analyzed it thoroughly. For the buyer and the seller, besides the profit, they actually liked the stability of the profit.
Now, many people knew that Taobao was a very safe and stable platform. As long as you didn't play tricks and did real business on Taobao, you didn't have to worry about receiving the wrong goods or not being able to get the payment back.
It should be known that Hua Xia's industry was developing rapidly. Hua Xia's scammers and all kinds of crooked things were also developing rapidly. Many excellent entrepreneurs and powerful enterprises were cheated by scammers and lost everything. The hard work of more than ten years or even decades was all cheated overnight.
But Taobao was different. Taobao took advantage of its platform's characteristics to protect honest businessmen. They might be taken away by Taobao, but as long as most of the profits could be recovered steadily and the company could form a stable flow of funds, Taobao was the most lovable thing in the world, second to none.
Even if Taobao delayed the payment for three months, it was a protection period for the buyer to find quality problems and negotiate with the buyer.
But the seller didn't care. In reality, it was common for a payment to be delayed for three years or even thirty years. Taobao's three months was simply too good.
On the other hand, because the payment for the three months was all in Taobao's hands, Ma Huateng could see the company's account with five billion US dollars every day when he woke up from bed.
And the total amount of money was still increasing. Ma Huateng was almost drooling when he saw it.
Of course, Ma Huateng didn't have the courage to spend this money, but Ma Huateng could use this money to buy funds with high security but low interest rates.
Although the profits from these funds are not much, the total amount of 5 billion USD is high. In one month, Ma Huateng's income is no less than 50 million USD. Ma Huateng can even wake up from his dreams with a smile.
This was called using other people's money to make money.
Ahem, ahem, let's rewind time to the end of 1996. After successfully stimulating the creation of the Fried Twist Vine, Boss Jia returned to Yu Zhang, exhausted. He hugged his silly son and kissed and nibbled on him for a long time.
Then, he hugged his wife and kissed her.
After that, Zhu Qiushui told Boss Jia the good news that she was pregnant again.
"This is really good news!" Boss Jia sighed. It seemed that his family's future struggle for the throne would become more interesting.
After Zhu Qiushui got pregnant again, she left the Daqian Group and took Jia Chang Tian to rest in peace.
However, Boss Jia objected. This time, she didn't go to Hong Kong, nor did she hire a professional team. Instead, she stayed at home and didn't go anywhere.
Jia Chang Tian's problem was caused by Zhu Qiushui.
— — —
After that, it was time for the annual Daqian Group's annual meeting.
This year's annual meeting, the Daqian Group had a new change. They officially gave up the provincial stadium, which had been the venue for five annual meetings, and moved to the newly built Daqian Stadium.
There wasn't much to say about the process of the annual meeting. This time, the Daqian Group let the Daqian Entertainment singers perform on stage. However, the audience wasn't interested in that. They were more concerned about the year-end bonus.
Well, in 1996, the Daqian Group's employees increased to eighty thousand. However, today, the Daqian Group gave out a total of 2.4 billion yuan in profits. Therefore, on average, everyone could still get thirty thousand yuan as a year-end bonus.
This was almost fifty times the monthly minimum wage of Hua Xia. One could imagine how terrifying this number was in 1996.
Well, if this news was announced, even civil servants would lose their jobs. They would have to crawl to the Daqian Group to work.
But at the same time, the Daqian Group didn't hesitate to give out more than a thousand employees who didn't pass the assessment. Looking at this bonus, all the Daqian employees trembled with fear. Their work attitude was definitely the best in the world!
Anyway, in the annual meeting, the Daqian Group continued its invincible legend, and Boss Jia was still working hard on stage.
At the end of the performance, all the workers received their year-end bonuses and left the stadium full of happiness. However, Boss Jia's real work had just begun. He had to receive work reports from all the feudal officials of the Great Qian Empire.
At the same time, all the Daqian officials were gathered in one place at the same time. If a bomb was thrown at this place at this time, the Daqian Group would collapse immediately.
As usual, the first to report was Daqian Yi Zhi. This was the old team that started the Daqian Group. Although its profits were behind the Daqian Group, the CEO of Daqian Yi Zhi, Yi Xiaotian, told his employees that Daqian Yi Zhi would always be the big brother of the Daqian Group. They had to be the most energetic people.
Therefore, Yi Xiaotian was the most energetic person to report to Boss Jia.
However, Daqian Yi Zhi's performance wasn't very good during this period. Although the overall performance of Daqian Yi Zhi increased by 200 million RMB compared to last year, it achieved a total sales of 3 billion RMB and a total profit of more than 700 million RMB.
However, Daqian Yi Zhi's market share fell from 45% last year to 39%. This meant that other companies had taken away some of the market share from Daqian Yi Zhi.
"This is all because Little Brainiac can't be sold anymore!" Yi Xiaotian said with a bitter smile. "Now, Little Brainiac is no longer a human being. It's a learning machine, but parents don't like the game functions inside. It's a gaming machine, but it can't compare to our own Qian Ji. "
"In addition, there are two domestic manufacturers that represent Nintendo's handheld and console respectively. These two devices can be sold publicly in China at a lower price than ours. It's difficult to maintain the market share!"
Before Boss Jia could ask, Yi Xiaotian took the initiative to explain.
"I don't want to hear your problem. I just want to know if you have a solution!" Boss Jia asked calmly.
"But boss, please don't worry. We've already developed more than ten new products. Moreover, our Little Brainiac Fifth Generation has been developed. We've decided to completely abandon the game functions and focus on electronic learning devices. We'll focus on electronic dictionaries!" Yi Xiaotian quickly said.
"Okay." Boss Jia nodded. This was a good idea.
"But chairman, we have an idea. I'm not sure if it's right …" Yi Xiaotian suddenly said cautiously.
"What idea?"
"Because the new Little Brainiac will focus on electronic dictionaries, and because of its reputation, it's almost like a gaming machine in the eyes of many parents. They're very wary of us. Therefore, the people in our product department feel that we should change the name of Little Brainiac. As for the brand, it needs to be accumulated!" The so-called accumulation actually meant disappearing. Yi Xiaotian was actually very worried about this request.
After all, Little Brainiac was a product that Boss Jia had created. Daqian's rise had a lot to do with Little Brainiac. Yi Xiaotian didn't know what Boss Jia was thinking about.
"Okay!" Boss Jia said calmly as if he didn't care about Little Brainiac's brand at all. He let Yi Xiaotian leave as if he had been granted amnesty. However, after he left, Boss Jia's eyes still had some tears.
Whether it was Little Brainiac or Little Brainiac, they had taken the wrong path and would eventually leave this era.
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