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Chapter 1283: Chapter 1139 ’Epoch’ Released (Please Subscribe!)
Tang Qing and Ma Yun’s powerful alliance.
It caused a strong ripple within the industry.
Everyone had just one feeling.
---The wolf had come.
Tang Qing had become Ali’s major shareholder.
With such a financier, Ali’s future development would be unimpeded. Tencent felt the greatest threat, as Xiao Xiao already possessed the capability to impact Penguin’s market share.
In order to resist this alliance,
Tencent began a spree of acquisitions.
Fighting against Tang Qing,
it found the difficulty too great, each company was so hard to deal with. The vast expenditures of Comet Video could give them headaches to death, as Tang Qing had respected copyrights from the start, whether it was videos or music, investing huge amounts to purchase them.
The most critical point was,
Comet Films was invincible.
Those special effects,
That technology,
That company worked almost exclusively with Comet Group, and not even Hollywood’s special effects companies could surpass them, at best they were equal. As long as this company existed, no attack could jeopardize Comet Group.
And there was another exasperating fact.
That was Tang Qing’s "celebrity effect."
The richest man in the country.
Soon to be the richest Chinese.
Youthfully excessive, an idol for countless young people in the country, especially the student demographic. They are the future’s main consumer force, and as they grow up, when reflecting on their youth, Tang Qing was undoubtedly the most dazzling of them all.
He was also good-looking, appealing to all ages, and even a top student.
You could say,
His social influence was terrifyingly strong.
Damn.
Such an opponent,
Would give anyone a headache encountering them.
Aside from Comet Video, Tang Qing’s other companies were almost all leaders in their industries, and most were not Internet companies, involving genuine technology sectors, making them impossible for others to threaten.
In the end,
they could only target Ali.
Because Penguin was only familiar with the Internet sector. After intense discussions and debates, they realized, there seemed to be no company capable of forming effective competition against Ali.
Finally,
Out of the shorter crop, one rose taller.
A company emerged before them.
---Jingdong.
Thus,
In just a few days,
Tencent announced an investment in Jingdong, financing it with twenty million US dollars.
Regarding this,
Tang Qing shook his head slightly.
Tencent,
Seemed truly in a hurry, laying out Jingdong seven years early.
Tang Qing remembered that in his previous life, also in August of this year, Jingdong would have completed its first round of financing, ten million US dollars. Now it’s directly doubled, and Wang Qiang would likely have to do a lot less legwork.
As for Jingdong’s model,
Tang Qing found it quite good.
Also, a very valuable business model, building its own logistics, seemingly at a tremendous cost, but once successful, its life would not be worse than Ali’s. Despite Jingdong having a lower market value than Ali in later years, it didn’t mean Jingdong wasn’t doing well.
On the contrary,
Its financial condition after entering the profit phase
Would make most businesses envious to the point of spitting blood, self-built logistics storage, next-day delivery in big cities, product quality above standard... Various advantages combined to create a very comfortable ’environment.’
Because,
The more society developed,
The higher people’s income, the lazier they would become, and their consumption consciousness would undergo significant change.
How lazy?
So lazy that they didn’t even want to pick out products anymore. They just wanted to open an app, contemplating buying a multi-function power strip, seeing three price ranges—forty, fifty, sixty—feeling the middle price seemed right.
Bought.
As for quality,
The platform guaranteed it.
Of course, such people would not be the majority.
After all, this required a certain consumption foundation, but merely having five percent would make such a business model live more comfortably than the platform occupying ninety-five percent of the market.
Such people,
Tang Qing had seen many.
Wang Qiang, who lived with him for a long time before his rebirth, was one. With a considerable income, he really didn’t want to use Taobao or Tmall because they were slow, didn’t deliver to the door, and he was too lazy to discern quality.
He hadn’t used Taobao or Tmall for years, didn’t use Alipay, and never browsed other e-commerce websites.
Always using Jingdong.
Frankly,
By generalizing from one example,
Such customers,
One,
How much value would they create for the platform? You don’t even need a brain to think: it’s not one equals two, but one equals ten or twenty. Then, the significance of the number of users was just for show.
Of course,
Jingdong’s path was different from Ali’s.
Ali served countless individual merchants; Jingdong wanted to make money off all goods. If the latter did well, it would be much more profitable than the former, but Ali created:
A larger-scale commodity circulation.
Both were valuable.
In the future,
Huaxia would face an upgrade in consumption.
Among these,
Some people’s consumption views would also be elevated.
Sometimes, people actually don’t need you to tell me comparisons of various goods and services. Consumers don’t want to choose, are too lazy to choose, don’t have the time to choose. They only need you to tell them one thing.
---Within an acceptable price range, this, this is the best, buying this is correct.
Then,
I pay.
Deal done.
Like when a few people partner up for a meal.
Discussing where to go, the most annoying answer is --- anything works, when you hear this, you almost feel an urge to throttle them. And what’s the most favored scenario?
Someone says the food at a particular place is delicious, very unique, and then goes on and on, making you drool, then you eagerly follow like an obedient little dog.
Regardless of the outcome,
They would feel satisfied.
People will increasingly not want to make choices, they just need someone to tell them, this is good, this will work, this is nice, this is your best choice, and they couldn’t care less about the rest.
This is a trend of consumption upgrade.
If Jingdong captures this point,
And executes it thoroughly,
In the future, seeing Jingdong’s financial statements, even Ali would drool with envy. Of course, the premise is that Jingdong won’t have any problems. Wealth is the aggregation of trust. Without trust, the road could become a bit rocky.
...
June 16th. 𝓃𝓸𝓿𝓹𝓾𝓫.𝓬ℴ𝓶
Saturday.
Beijing.
Outside Jinghua Shopping Center, a long line had formed.
To maintain order,
Property management quickly brought out a lot of barriers to channel the crowd accordingly, and thus, in front of the ’Epoch’ specialty store, a massive throng gathered, with at least a thousand people queuing up here.
To get a bit ahead,
Many arrived before dawn.
Then saw many who arrived even earlier.
There was nothing that could be done.
Epoch mobile phones were expensive, and online sales were just too slow, often leading to some nonsensical issues. Hence, Qingyuan Technology adopted this in-store pickup model. During the pre-sale, one ID card was tied to one phone, with a thousand deposit required.
The remainder needed to be paid in the store.
Since everyone who had pre-ordered was computer savvy,
Before arriving at the store, they needed to check off their pick-up location. Qingyuan Technology would arrange deliveries in advance, and today, only those who had secured a pre-sale could purchase an ’Epoch.’
Tomorrow,
After the pre-sale customers had picked up,
Regular in-store sales would begin.
