Huang Zheng, tell me about the recent figures for Huanyu Department Store and Huanyu Mall. "
After doing some market research, Chen Yu returned to Huanyu Technologies' e-commerce headquarters in Hangzhou.
Huang Zheng was currently in charge of this business.
Although Huang Zheng did not hold an important position when he joined Huanyu Technologies, he still performed well with his outstanding talent. Because of this, Chen Yu made an exception and promoted Huang Zheng to the head of Huanyu Technologies' e-commerce business department.
"Let's talk about Huanyu Mall first."
"Yes, Boss Chen."
Huang Zheng replied directly, "Huanyu Mall's online order and offline delivery model has been recognized by more people. More than 3,000 brand companies have entered the market. We estimate that Huanyu Mall's turnover will exceed 6 billion this year. "
"How are our profits?"
"Currently, the e-commerce platform is still in the promotion cycle. Overall, we're still losing money. However, the current losses are mainly in the promotion. We've reduced the subsidies, so the losses in this area are not that big. However, in the overall environment, e-commerce has not been able to completely let users form a habit. Therefore, we may still lose money in the next few years. "
"Okay."
Chen Yu nodded slightly.
Chen Yu had already expected to lose money.
One reason was that the Internet was not widespread yet. Another reason was that the payment channels were not particularly perfect.
If e-commerce was to be started, it would not be profitable for the next five years.
However, it did not matter if it was not profitable. Chen Yu needed users.
"What about users?"
"We've had a huge increase in users. Especially in Huanyu Department Store. This year, we've focused on supporting the C2C platform. Currently, the number of Huanyu Department Store stores has exceeded 100,000, and the registered users have exceeded 120 million. "
The 120 million users here were not people who actually shopped online.
Registered users were not equivalent to actual users.
This was like instant messaging, where a user would register multiple accounts.
However, with so many registered accounts, it proved that a group of people had already tried to shop online.
It had to be said that this was a good sign.
"Huang Zheng, why didn't you look at the data before saying it?"
"Boss Chen, I've been looking at this data every day. I've memorized it all."
"Haha …"
Chen Yu praised, "Not bad. However, Huang Zheng, our e-commerce platform is developing well and is indeed worthy of encouragement. But what about our competitors? "
"Taobao hasn't released any specific data yet, so we don't know for now."
Speaking of competitors, Huang Zheng became serious. "However, according to the information we gathered, their data should be 50% of ours."
"Fifty percent."
Although this was just a rough estimate, 50% was already a lot.
B2C was different from C2C.
The advantage of B2c was that it could concentrate resources and increase its fame.
Moreover, they were selling some well-known brands, which was also beneficial to the image of e-commerce.
In order to attract a large number of users, it had to be C2C.
E-commerce platforms must have enough shops to satisfy the needs of countless users.
It was just like how if your store didn't even have enough products, it naturally wouldn't be able to attract much popularity.
On the other hand, if your store had everything, even if your store wasn't that high-end, many people would still come in.
Chen Yu shook his head and said, "That's not possible. If Taobao only did B2C, their users wouldn't have grown so quickly."
"Boss Chen, Ali recently launched C2C business again."
"Oh."
That made sense.
As expected of Teacher Ma.
Previously, Chen Yu had set up a B2C business in order to trick Teacher Ma into joining him.
In fact, he did.
However, in just a year, Teacher Ma came to his senses and started C2C again.
Fortunately, even though Teacher Ma had come to his senses, he had indeed been fooled.
For example, the scale of users and the number of merchants. Currently, Ali was far behind Huanyu Technologies.
Since that was the case, Chen Yu had to do it the hard way.
"Huang Zheng, prepare a promotion immediately."
"Boss Chen, what kind of promotion?"
"Clothing."
What was the best selling item in e-commerce?
Clothing, of course.
In this wave, Chen Yu wanted to make Huanyu Department Store's clothing market famous.
…
"Zhao Xi, how's the promotion of merchants coming in?"
"It's still in progress. So far, we have 50,000 merchants coming in. However, they don't come in often. Instead, they focus more on Huanyu Department Store. This also makes the user experience on our side not particularly good. "
"Don't worry, everything has to be done slowly. Once we have enough merchants, everything will be much better."
In Ali's office, Jack Ma was in a good mood recently.
After this period of operation, Ali had gained a firm foothold.
However, even so, Jack Ma still didn't dare to relax.
What made him the most depressed was that Huanyu Department Store suddenly developed without them noticing.
Yes.
This was simply ironic.
The C2C market that they gave up on back then was actually developed by Huanyu Technologies.
When he thought of this, Jack Ma felt extremely uncomfortable.
He also understood what was going on.
The reason why Chen Yu started B2C in such a big way back then was not because he felt that B2C was profitable, but because he wanted Taobao to take the bait.
Now, Taobao took the bait, but their C2C business was quickly overtaken by others.
Now, they had to pick up their old business and catch up to Huanyu Technologies.
Of course, this was not the worst.
Back then, Ali's C2C business was not profitable and not many people paid attention to it.
Now, although the B2C business was not profitable, it had more or less attracted the attention of the industry.
Moreover, many investors were also interested in Ali.
This also gave Ali a lot of opportunities.
Of course, overall, Ali still suffered a loss in the few rounds of competition with Huanyu Technologies.
"Chen Yu is really a genius."
Jack Ma sighed helplessly.
Jack Ma really did not know how to deal with a genius like Chen Yu.
Clearly, they were the last to start e-commerce, but Chen Yu had relied on a series of flashy operations to overtake them at a curve.
"By the way, Zhaoxi, what has Chen Yu from Huanyu Technologies been doing recently?"
"I think he's working on mobile phones."
Recently, there was a lot of news about Huanyu Technologies mobile phones.
Although Jack Ma once again lamented that Chen Yu could even make mobile phones, he was actually quite happy in his heart.
Since Chen Yu was making mobile phones, it was obviously impossible for him to keep focusing on e-commerce.
As long as Chen Yu did not focus on e-commerce, Jack Ma had absolute confidence that he could catch up to Huanyu Technologies.
Although Huanyu Technologies sent a person named Huang Zheng to be in charge of e-commerce.
In Jack Ma's eyes, Huang Zheng was still too young.
Just like recently, they sneaked into the C2C market again.
However, just as Jack Ma smiled, Lu Zhaoxi's expression changed.
"Zhaoxi, what's wrong?"
"This …"
"Are you not feeling well? Recently, you've been really tired. How about this, you can get off work early today."
"No, Boss Ma … Yes."
"It's okay. The body is the capital of revolution. Don't force yourself."
"Boss Ma, I just received news that Chen Yu from Huanyu Technologies is in Hangzhou …"
"What?"
The smile that had just appeared on Ma Yun's face could no longer be seen.
(End of chapter)
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