Chapter 776: 1 Billion Users, 185 Billion in Revenue! Orange Yaoguang E1 Launched! Focusing Only on Main Force!
The morning passed in the blink of an eye.
Chen Yansen has always been very principled, focusing on work for a maximum of two hours, and using the rest of the time to "slack off".
Either invite Zhang Chaoyang to go sea fishing, or find Little Ma to go to a karaoke bar on Hong Kong Island for some fun.
Since we have a private jet, we can't afford to waste the more than ten million yuan in maintenance fees each year.
If you have money but don't spend it, wouldn't it be a waste to earn it?
He went back to his office for a quick lunch and rested for a while before returning to the lab, where he stayed until 4 p.m.
In the research and development center, besides him, there are more than 300 top students from agricultural universities who are responsible for assisting with the work.
During the development of the Dawn A220 EUV lithography machine, he discovered a problem: young people have greater plasticity and learning ability.
Most of the older generation with various titles are stubborn and their ability to accept new things is far inferior to that of recent graduate students and doctoral students.
You give him Plan A and ask him to measure the data, but he insists that doing so is unreasonable.
It's a complete waste of his time!
Old guys like Wang Xiangchao and Zhang Yanjie, who are willing to humbly learn, are truly rare, one in a hundred.
Chen Yansen was too lazy to bother with the selection process, so he simply hired all young people.
He politely declined all the recommendations from Hu Ruihui for several top agricultural science experts from the association.
After all, he was working on gene programming breeding, while the mainstream technology in China is hybridization breeding. Although the latter has reference value, it is not very helpful in practice.
at the same time.
Jingdong Financial announced that it has secured its first round of financing.
Led by Senlian Group, with Sequoia Capital, Harvest Capital and China Taiping Capital participating, the company raised $1 billion, bringing its post-investment valuation to $10 billion.
Liu Qiangdong announced on Douyin that a 16-month salary system would be implemented, with an additional two months' salary as a performance bonus on top of the original 14-month salary.
Of course, there are tricks to it.
Since it's performance-based, there are KPI requirements; failure to meet them will result in a reduction in performance.
But in any case, a raise is better than no raise at all.
Many of Dong's employees left comments on Maimai jokingly saying, "Dongzi has become much more magnanimous since getting married."
"Don't call me Dongzi, call me Brother Dong!"
"Whoever feeds you is your mother, right?"
"But to be honest, among the three major e-commerce platforms, Pinduoduo is the most generous. They guarantee a minimum salary of 20 yuan per year. My roommate works at Pinduoduo's operations center. He only works four days a week and complains to me all day about how boring his life is. Damn it!"
"Hey, pshaw! You dare come work for our company? Leaving at 9 PM is considered leaving early!"
Do you pay overtime?
"Hey, if I get overtime pay, what am I complaining about?"
"Holy crap! Why aren't you running away yet? Pinduoduo just opened a new site in Abyssinia and they're desperately need operators!"
In the comments section of a discussion thread, netizens chatted and the topic shifted from Dongguan to Senlian.
The economy was booming in 2015, and with the slogan of "entrepreneurship for all" becoming increasingly popular, startups sprang up like mushrooms after rain, with thousands of new companies being established every day.
A vibrant scene of life and everything flourishing!
At this time, it is exceptionally easy for working people to change jobs: they only need to update their resumes, and countless companies will proactively extend olive branches to them.
They simply need to pick and choose, arrange their interview schedule for the following week, and finally select the one with the highest salary to join.
When I don't want to change jobs, I have to hide my resume, otherwise I'll be overwhelmed with calls from headhunters and recruitment specialists.
Ten or twenty years from now, young people probably won't believe that recruitment websites have such "amazing features"!
Even more incredibly, most job seekers will proactively activate this hidden feature after finding a job.
That afternoon, The Paper and Huxiu IT published reports pointing out that New FoxTao's price comparison plugin arbitrarily adjusted product prices and misled consumers.
As soon as the news broke, a number of price comparison tools, such as NetEase Huihui Assistant, Manmanbuy, and What's Worth Buying, were affected.
Once trust is broken, it can collapse in an instant.
More than a dozen platforms, including NetEase, Manmanbuy, and What's Worth Buying, quickly issued statements insisting that their price comparison plugins do not harm consumer interests and that users who discover a violation will be directly rewarded with 1,000 yuan in cash.
Each company used a variety of methods to clarify the situation, fearing they might be implicated by Ahri.
The new FoxTao platform was exposed with solid evidence, including a large amount of video and textual evidence, which led to a sharp decline in user trust.
Data from the second day showed that its daily active users had dropped by seven percentage points.
Although it may not seem like much, as the negative publicity continues to escalate, the number of users of New FoxTao is decreasing significantly.
A company in Hangzhou quickly sensed the business opportunity and launched the "High Commission Alliance," which focuses on cashback on high-commission products from Taobao, in an attempt to attract users lost by the new FoxTao platform.
When Ma Liyun learned of this, she was dissatisfied, but she couldn't openly suppress him.
Since Ali released its new alliance announcement, Pinduoduo has rallied leading domestic shopping guide websites to jointly block Ali, causing Ali to suffer a setback in the Double Eleven promotion.
Now that someone is willing to become a Taobao customer, he is naturally happy to see it happen.
Two months ago, he was working his butt off against shopping guide websites, but after the Double Eleven shopping festival, he realized that although shopping guide websites are not very valuable, they are part of the e-commerce industry ecosystem.
The loss of this 5% in revenue also severely impacted Ali.
Half an hour later, Shanghai-based cashback platform Fanlitao announced that its user base had exceeded 100 million and that it had secured $100 million in funding from Rakuten Capital, valuing the company at over $1 billion.
As is well known, $1 billion is the entry threshold for emerging internet unicorns.
In other words, following FoxTao, the shopping guide industry has given birth to its second unicorn company.
Seeing this, many people have considered entering the e-commerce shopping guide industry.
Some have even transplanted the direct selling model into e-commerce referral platforms, dividing users into three levels: A invites B, B invites C, and A receives a certain percentage of commission whenever B or C shops on the e-commerce platform.
Make money while lying down!
This slogan quickly became the new industry motto.
The first to try this were mostly micro-business owners, who quickly developed tens of thousands of downlines by leveraging their private traffic.
At the beginning of the new year, the shopping guide e-commerce model bucked the trend and grew, ushering in the industry's second golden age.
As a result, the daily transaction volume of Pinduoduo, Ali, and JD.com all increased to varying degrees.
...
...
Thursday, January 15th.
Chen Yansen went to the laboratory to give a few instructions and then returned to his office on the top floor of Building 1.
Directly in front of him is a 65-inch monitor mounted on the wall.
After sitting down, he opened the Yunzhou office software and entered Mimo's year-end report video conference.
At the same time, Mao Chaorong and a group of senior executives at Mimo's headquarters in New York had been waiting in front of their computers for a long time.
Upon seeing the big boss enter the conference room, Mao Chaorong immediately stood up to greet him: "Good morning, boss!"
"I know Mimo's core operating metrics. Everyone, please keep your reports brief and focus on the key points. Let's begin."
Chen Yansen leaned back in his boss's chair and said casually.
The meeting itself was not the goal; the core of this meeting was to engage in in-depth collaboration around the business logic behind the data.
"Boss, let's take a look at Mimo's development trajectory in 2014."
The cumulative number of registered users reached 980 million, a year-on-year increase of 45.4%;
Daily active users reached 420 million, a year-on-year increase of 41.7%;
With 670 million monthly active users and an average daily user time spent on the platform of 112 minutes, an increase of 13 minutes compared to last year, the company has solidified its user mindshare.
Mao Chaorong opened a visualization chart and displayed it on the meeting's public screen, so that everyone could download and view it.
He paused for a moment, then continued, "In terms of age distribution, users under 30 years old account for 55%, and users aged 30 to 45 account for 35%. The platform's user structure is extremely healthy, and its commercial value is high."
In terms of geographical distribution, users in first-tier and new first-tier cities account for 35%, while users in second-tier and lower-tier cities account for 65%, indicating that the lower-tier market has become a core engine for growth and an important source of content ecosystem.
Currently, Mimo's service area mainly covers North America, Europe, Southeast Asia, and parts of Africa and South America.
We're just 20 million short of reaching one billion users!
Mimo ranks third in the global daily active users (DAU) rankings.
The top two are Facebook and WhatsApp, followed by YouTube, WeChat, Twitter, and Instagram.
Of course, in essence, Mimo and Douyin are the same product, just operated in different regions.
Otherwise, if you add up the daily active users of Douyin and Mimo in China, it is already very close to Facebook's level of 700 million.
At that time, Facebook's market value was $220 billion.
For Mao Chaorong, the best decision he ever made was accepting Chen Yansen's invitation to go to the United States to lead the operation of Mimo.
Thanks to two consecutive years of exceptionally high growth rates, he acquired a 2% stake in Mimo.
Wall Street's valuation of Mimo also surged from $12 billion in September to $78 billion by the end of the year.
In the eyes of a group of financial tycoons, Forbes magazine's assessment of Mimo's value was a rash decision, completely unfounded.
Now that Mimo has added an e-commerce module, it has brought new growth to its valuation, bringing its total value to over $80 billion.
In this way, the value of Mao Chaorong's shares reached US$1.6 billion.
He earned this money in less than three years.
Excluding salary, the stock dividends alone amount to $500 million annually.
Once the company goes public, this asset might rise to $3 billion.
Chen Yansen listened to Mao Chaorong's report without saying anything, but nodded slightly, signaling him to continue.
"Boss, next is the core business and financial data: total revenue in 2014 was RMB 185 billion, approximately US$29.8 billion."
The first segment is online advertising, which forms the cornerstone of revenue, generating 135 billion yuan and accounting for 73% of total revenue.
The number of advertisers has exceeded 2 million, of which small and medium-sized enterprises account for more than 70%.
In-feed advertising maintains its leading position in the industry, while brand advertising demand is strong, with automobiles, beauty, and 3C digital products being the top three industries for advertising.
The second segment is live streaming, which serves as a pillar of the ecosystem, generating 35 billion yuan in revenue, accounting for 19%.
There are over 1 million live streamers every day, with 40 million paying users and an average monthly ARPPU (Average Revenue Per Paying User), which is approximately 65 yuan per paying user.
The third segment is e-commerce, which was just launched in the fourth quarter. As an important growth engine, it generated 12 billion yuan in revenue, accounting for 6.5%.
The fourth segment is other businesses, including game publishing, membership subscriptions, and enterprise services, generating 3 billion yuan in revenue, accounting for 1.5%.
Mao Chaorong said slowly.
Chen Yansen's gaze moved down and landed on the second half of the table:
Cost of revenue was 74 billion yuan, mainly including server bandwidth, content revenue sharing, and payment channel fees, accounting for 40% of total revenue;
Gross profit was RMB 111 billion, with a gross profit margin of 60%; net profit was RMB 39 billion, with a net profit margin of 21.1%.
In reality, Chen Yansen pocketed 30% of the revenue under the pretext of algorithm patent licensing fees, marketing expenses, and management fees.
Legal tax avoidance is a must-learn skill for finance professionals, and Mimo's CFO is no exception. He makes the financial statements look clean and attractive, and cleverly controls net profit at around 20%.
Chen Yansen has no immediate plans to take Mimo public. After listening to the report, he only briefly mentioned that Mao Chaorong should focus more on e-commerce and explore the perfect synergy between e-commerce and short videos while deepening content operations.
According to the report, Mimo's DAU/MAU ratio exceeds 50%, indicating that the product has extremely strong user stickiness and activity.
With a clear commercialization path, advertising, live streaming, and e-commerce are the three driving forces, resulting in a diversified revenue structure and strong risk resistance.
The continuous optimization of AI-based recommendation algorithms and the constant improvement in the accuracy of information distribution are the core factors for maintaining high usage time and high conversion rates.
If Pinbei and Mimo can achieve business synergy, both parties will benefit.
However, due to differences in cultural habits, consumer preferences, and platform development, Mimo's live-streaming e-commerce business has not contributed much to its GMV, with most transactions completed through search, product showcases, and short videos.
One monkey, one tethering method!
Whether Mimo can truly achieve the parallel development of its "three pillars" depends on whether Mao Chaorong can find a more suitable development path.
Subsequently, Mimo's technology department, operations and content center, commercialization department, finance department, human resources department, and other departments reported one by one, according to their respective regions.
As of December 2014, Mimo had a total of 19,000 employees worldwide, located in North America, Europe, Southeast Asia and other regions.
An hour and a half later, Chen Yansen ended the video conference.
He leaned back, extended his right hand, and a bottle of chilled mango juice flew out automatically and landed steadily in his hand.
In the afternoon, there are also the year-end performance review meetings of Orange Agriculture and Animal Husbandry Technology and OFO Bike. At this pace, he will have to spend more than four hours a day in meetings for the next ten days.
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...
The following morning, Orange Auto's official account posted a 37-second short video on Douyin and Kuaishou.
In the video, a coupe-like electric car with a gleaming silver body is particularly eye-catching, and an orange pattern that is very familiar to netizens is placed directly in front of the car.
A thin LED light strip runs across the front of the car, replacing the traditional headlight design. Below the light strip is a retractable LED matrix headlight assembly.
The continuous taillights echo the front of the car, with a more complex internal structure and a dot-matrix LED light source that can display specific charging status or warning patterns.
It comes standard with 22-inch low-drag turbofan wheels and features a 17-inch vertical central touchscreen that supports 4G networks and the Moss voice assistant, enabling OTA online upgrades.
Depending on the range, the new car is available in three versions: standard, high-end, and top-of-the-line. The lowest range is 800 kilometers, suitable for commuting in urban areas and surrounding areas; the highest range reaches 1,600 kilometers, enough to travel across the north and south of China.
However, the video did not reveal the price or release date of the Aura E1.
Its stunning appearance, coupled with the 4890 deep blue battery that eliminates concerns about battery life, instantly attracted the attention of a large number of netizens.
It's worth noting that as early as the end of 2013, some self-media outlets and car reviewers had already spread rumors that Senlian Group was planning to manufacture cars.
The news was true that the car production base in Xucheng was under construction at the time, but nothing happened after that.
With Tesla, XPeng, BAIC, BYD and other brands constantly launching new products, netizens have long forgotten about Orange Auto.
The new product was suddenly revealed, and its popularity skyrocketed instantly.
According to netizens, Orange Auto has many advantages: it has strong technical expertise in areas such as vehicle chips, power batteries, voice interaction, and intelligent systems.
The only question is whether Orange Auto can handle the issues of the car's three-electric system, body strength, and safety.
Ultimately, a car is first and foremost a means of transportation, and safety is its core concern.
The short video quickly garnered over 3 million likes.
At 8 p.m., Chen Yansen also released a video, which revealed a completely white Yaoguang E1 pure electric coupe.
Upon seeing this, netizens flocked to the comments section to inquire about the price and release date.
Chen Yansen lay in the master bedroom on the third floor of Villa No. 8 in Bihu Yunxi, holding his phone in one hand and touching Ye Qiuping's stomach with the other, and replied slowly: "It is estimated that it will take another three to six months. Yaoguang E1 still has a long way to go before it is launched."
The vehicle must meet standards in overall performance, durability, safety, ergonomics, and comfort testing.
He has high expectations for the Yaoguang E1!
To achieve good sales results domestically and gain favor with overseas customers, every detail must be meticulously crafted.
Otherwise, if a safety issue arises, the orange's reputation will be ruined.
Therefore, after the first batch of engineering prototypes were built, designers and test engineers had to drive these Yaoguang E1s to deserts, extremely cold regions, or coastal areas for intensive testing.
Whoever is responsible for a module should lead the testing!
How can you deliver a product to users if you wouldn't even dare to use it yourself?
Netizens were disappointed after seeing Chen Yansen's reply.
It could take anywhere from three months to six months.
That's been way too long!
On the other side.
After launching the new product, Wang Chao immediately threw himself into the research and development of the engine.
The reason is simple: trams have never been the mainstream in this world.
If Orange Auto wants to go global and achieve its goal of annual sales of 5 million to 10 million vehicles, it cannot rely solely on electric vehicles.
Chen Yansen has never regarded Orange Auto as a simple new energy vehicle brand.
What's the point of winning in a niche market?
If you're going to fight, fight the main force!
(End of this chapter)
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