"Yesterday was Huanyu's e-commerce promotion night. I believe everyone is familiar with this promotion. Huang Zheng, introduce some of the important figures for the Singles' Day promotion this time. "
Shencheng, Huanyu Technologies Headquarters Office.
A group of people from all the subsidiaries of Huanyu Technologies gathered together.
Generally speaking, Huanyu Technology rarely held conferences like this.
However, every time they gathered so many people together, there was always something important to announce.
"Our total sales for this year's Double 11 celebration night was 39.8 billion RMB, with close to 200 million orders. Each order was priced at around 200 RMB. Huanyu Mall accounted for 70% of the transactions, and Huanyu Department Store accounted for 30%. The proportion of electronic products … "
Huang Zheng introduced a series of data from time to time.
"Everyone, this data is more detailed than the data we released outside. What do you think?"
After Huang Zheng finished, Chen Yu looked at everyone and said.
"Boss Chen, I think online shopping will be a big trend in the future. We should increase our efforts in e-commerce. If necessary, YY can also set up an online shopping platform. "
Li Nan was a little excited as he stood up and said.
YY was currently the platform with the largest number of users in Huanyu Technologies. Using YY as the foundation for e-commerce was indeed very promising.
However, Chen Yu shook his head and said, "Li Nan, you just have to focus on instant messaging."
After that, Chen Yu said again, "Don't think that YY has monopolized the market. However, the market is constantly changing. If we don't do well, YY might be robbed of the market."
It was the end of 2005. According to Huanyu Technologies' plan, the first generation of smartphones would be released in 2006.
Once smartphones appeared, everything about the traditional Internet would change.
Including the current YY.
Moreover, Chen Yu did not think that Li Nan could do e-commerce well.
There were specializations in the industry.
Didn't Penguin think the same way in his previous life?
Therefore, they set up Battle.com.
Their original plan was to compete with Alibaba.
They did not expect that not only did they not beat Alibaba, they could not even compete with JD.
In the end, Mr. Ma also thought it through. Instead of that, he might as well hand it over to someone else who was more professional.
Therefore, they invested in Jingdong and shut down Patapa.Com.
"Boss Chen, based on the data, electronic products are the number one consumer market, especially the middle and low-end electronic products. It's still a huge market."
At this moment, Wu Kai added.
"Not bad."
Chen Yu nodded.
Then, Wang Dongsheng, who was in charge of the LCD screen, said, "Boss Chen, according to the consumption of electronic products, the global LCD screen market will probably double in size in the future. If that's the case, we need to invest in a few more production lines. "
"Uncle Dongsheng, it seems that you've noticed it too."
Chen Yu laughed, but did not continue to talk about the LCD screen.
As for the LCD screen, Chen Yu would discuss it with Wang Dongsheng, so there was no need to discuss it at such a meeting.
Then, as if inspired by Wu Kai and Wang Dongsheng, the heads of the other subsidiaries continued to speak.
"Boss Chen, the large-screen TV is a trend. We should invest more in this area."
"Based on the consumption data, we can see that the middle and low-end electronic products are still the main consumer. Our chip OEM also needs to expand the production scale."
"Digital products are growing rapidly. We can set up a subsidiary that specializes in digital products."
"…"
If one only looked at the volume, one could only sigh at the future of online shopping.
If one only looked at this area, it would be acceptable.
However, as the heads of the various subsidiaries of Huanyu Technologies, if one only looked at this area from the data, it would be far from enough.
Behind all this data, there was a huge business.
Huanyu Technologies could use this data to plan in advance and effectively respond to the future market.
"Not bad, it seems that everyone already knows the importance of this data."
Chen Yu nodded, "Then I won't say more. Take this data back and study it carefully."
In his previous life, why did Penguin and Alibaba grow bigger and bigger?
In addition to their e-commerce and instant messaging market, it was more because they had control over the data.
With the data, they controlled the future market trends.
With the data, they controlled the initiative.
Look at Penguin. Why did they give up filming, search, and a lot of other things?
However, they invested in Jingdong, Pinduoduo, Meituan, and Yuewen Group.
Were their foresight that accurate?
No.
They also used the data in their hands to make accurate judgments.
The same was true for Alibaba.
Take Alipay for example. With the user's payment data, they could create an Ant Financial service that was worth trillions.
"That's all. Meeting adjourned."
Chen Yu did not say much.
However, he knew that after this meeting, Huanyu Technologies' core competitiveness would definitely rise to another level.
"Boss Chen, I have something to talk to you about."
Everyone left the meeting. At this time, Wang Dongsheng did not leave.
"Uncle Dongsheng, even if you didn't look for me, I would have looked for you."
The LCD screen was one of the most important businesses of Huanyu Technologies.
Its importance was no less than the chip and the system.
Moreover, its production value was no less than the chip and the system.
However, although Huanyu Technologies had already set up Beijing Oriental and had a series of financial operations, the entire Beijing Oriental was operating well. However, this market was still dominated by Japan and Korea, especially Samsung. In this meeting, Chen Yu specially brought up the data of Double 11 because he wanted to focus on the LCD screen.
"Boss Chen, I know that the data of Double 11 this time has greatly affected us. Now, it seems that there is hope for the revival of the LCD screen. The price of the LCD screen will continue to rise in the future. However, I mentioned just now that we might have some financial problems if we add a few more production lines. "
"Isn't there a problem with the stock market?"
Beijing Oriental's listing was to raise funds.
Chen Yu pushed for Beijing Oriental to be listed. At that time, it could be said that Beijing Oriental's financial problems had been solved.
However, when Chen Yu mentioned Beijing Oriental, Wang Dongsheng was a little embarrassed. "The main thing is that we have used the stock market to raise funds several times. The shareholders are afraid of us."
Chen Yu understood when he said this.
If one were to talk about which stock market was the most fraudulent, of course, it was Beijing Oriental.
The profits every year were not much, but every year, they would raise tens of billions of yuan.
It was also because of this frequent financing that Beijing Oriental's share price had always been around 1 yuan.
Every time, the shareholders would report to the relevant departments because Jingdongfang had cheated them.
However, it was useless to complain.
The higher-ups naturally knew about Beijing Oriental's model. They were really short of money, and the country also needed the LCD screen industry.
If not, how could they do it?
The higher-ups also turned a blind eye to the shareholders' reactions.
However, Beijing Oriental was too obvious. Some of the older shareholders were no longer fooled.
When Wang Dongsheng said this, Chen Yu laughed and said, "Haha, if I were a shareholder, I would also be afraid of Beijing Oriental."
Chen Yu had been cheated by Beijing Oriental in his previous life. Of course, he had a deep impression of it.
However, Beijing Oriental was his now. No matter how much Beijing Oriental cheated, Chen Yu had to be responsible for it to the end.
However, Chen Yu had already thought of a plan for Wang Dongsheng's financing problem. "Uncle Dongsheng, it's okay. The money problem is easy to solve."
"Boss Chen, the headquarters has been competing with Microsoft. The funds should be tight."
Wang Dongsheng was a little hesitant.
In fact, if he had a choice, he would not have said this.
He knew the difficulties of the headquarters.
Moreover, Beijing Oriental was a bottomless pit. It was not something that could be solved with a few hundred million or a few billion yuan.
Any production line would cost a few billion yuan.
A few would cost at least 10 billion yuan.
If Beijing Oriental had not cheated some shareholders of their money when they went public, Beijing Oriental would not have been able to survive until now.
"The headquarters' funds are tight, but I didn't say that I would take their money."
Chen Yu knew what Wang Dongsheng meant.
Not to mention that the headquarters did not have much money now. Even if they did, Chen Yu would not invest like this.
The LCD panel business had always been a business that relied heavily on assets and low returns.
Who could stand investing tens of billions of yuan every year?
Not to mention Huanyu Technologies, even the country could not stand it.
Even Samsung. They had used the strength of the country and lost more than 20 years before they succeeded.
Chen Yu was not willing to lose money for decades with them. Chen Yu was not willing.
With so much money, Chen Yu could use it in other places.
However, even though Chen Yu was unwilling, Beijing Oriental and the LCD panel business still had to be developed.
Therefore, Chen Yu had to find ways to raise money for Beijing Oriental.
"Boss Chen, do you mean to borrow?"
"Not borrow."
Chen Yu shook his head. "Actually, we'll take it from the stock market."
"But Boss Chen, I think it's a little difficult now."
"What's the problem? We can just pull up the stock price."
"Boss Chen, we've tried, but it's useless."
Wang Dongsheng said, "We've released a few good news recently. The stock price has risen slightly, but those shareholders are also smart. Our stock price has only risen, but they've already dumped it. "
This made Wang Dongsheng want to vomit blood.
But there was nothing he could do.
He also knew that the shareholders couldn't wait to get rid of Jing Dongfang every day and wanted to get rid of him.
As long as Beijing Oriental had a big increase, what were they waiting for? They would run away quickly.
"These guys are really smart."
Chen Yu naturally knew that these shareholders were scared of being cheated, but he continued, "That can only mean that our good news is not good."
"Uncle Dongsheng, Buffett seems to be auctioning his lunch recently. I'll buy his lunch. When I treat him to lunch, I'll recommend Beijing Oriental to him. "
The magical operation appeared again.
Wang Dongsheng was stunned. "Is that okay?"
"Yes, of course."
Chen Yu nodded and said, "Think about it, who is Buffett? He's the god of stocks. I took a picture of his lunch, so he should at least give me some face. I recommended Jingdongfang to him during lunch, so he should at least say something nice about it. Since he will say it, what will the shareholders think? "
"If the god of stocks says Beijing Oriental is good, then it must be good."
"Yes, Uncle Dongsheng, you've thought it through."
Chen Yu laughed. "That's right. Once our stock price soars, won't it be a matter of minutes for us to raise funds? "
(End of chapter)
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