Stronger by Paying Salaries and I Have 1 Billion Employees

Ten minutes later, Jingdong’s major promotion battle report finally arrived. With 3.07 billion in sales, it cemented its position as number three in the industry.

Ah Li: 19.7 billion Hua Yuan!

Pinbei: 7.03 billion Hua Yuan!

Jingdong: 3.07 billion Hua Yuan!

The three e-commerce giants, a total of 29.8 billion Hua Yuan in a single day!

At the same time, the General Postal Association announced that on November 11, 2012, the total business volume for the day had surpassed one hundred million parcels for the first time!

Instantly, it wasn’t just the domestic media that went into an uproar; even the Lighthouse Country on the other side of the ocean was utterly shocked.

’Three e-commerce websites sold 4.5 billion US Dollars’ worth of goods in a single day?’

It was so outrageous it was hard to believe!

Keep in mind, the Lighthouse Country was currently in its Christmas shopping season. From November 1st to November 11th, a total of eleven days, the cumulative online spending was just over 6 billion US Dollars, with a daily average of a little over 500 million US Dollars.

Yet in Hua Country, just three e-commerce companies had achieved a transaction volume of 4.5 billion US Dollars.

Additionally, the one hundred million parcels picked up in a single day also stunned their counterparts in Europe and America.

Amazon’s leader, Bezos, immediately initiated a video conference with the head of Amazon Hua Country. After some discussion, it was decided that headquarters would inject additional resources and cash to further increase Amazon’s market share in Hua Country.

Faced with the shock of 30 billion in a single day, Bezos had to admit he had underestimated the e-commerce potential of Hua Country.

「Elsewhere.」

Canada’s Ontario Teachers’ Pension Plan was ecstatic. Their initial purpose for investing in Jingdong was to get a piece of the IPO proceeds to cover their pension funding gap.

Ah Li, Pinbei, and Jingdong had collectively brought Hua Country’s e-commerce industry to a new height.

Investment firms from the North American Region all flocked to Asia in unison, hoping to acquire equity in the three major e-commerce companies. Alternatively, they aimed to manage their IPOs and profit from the process.

Jingdong Mall’s valuation skyrocketed, and the OTPP immediately decided to push forward with the second round of financing as soon as possible.

If this was the case for Jingdong, then it went without saying for Pinbei.

Gao Weilin sat in his office, fielding calls from morning till night. They were from venture capital firms expressing investment interest, as well as brokerage firms clamoring to take Pinbei public and ring the bell on the Nasdaq.

”I can give Pinbei a valuation of 26 billion US Dollars!”

”28 billion!”

”30 billion!”

Charles Schwab, Merrill Lynch, and Fidelity, three financial giants, were all vying to give the highest offer. But Old Gao adhered to the big boss’s principle for handling them: be polite, be enthusiastic, but don’t agree.

He wasn’t an idiot; he knew with crystal clarity that every single one of these top Wall Street predators wanted to take a huge bite out of Pinbei.

How could Chen Yansen possibly let them get their way?

Pinbei had accepted financing from Penguin because Little Ma controlled the two major traffic gateways of PC and mobile. They had guided Huake and Huaxin to invest in order to increase the shareholding ratio of state-owned institutions. And giving Goldman Sachs an opportunity was in preparation for future overseas market expansion.

Therefore, barring any surprises, Pinbei would absolutely not initiate another Series C funding round before its IPO.

Foreign capital came flocking in!

Ma Liyun had originally planned to accelerate the formation of Cainiao Logistics as soon as Singles’ Day was over. However, brokerage managers from Nasdaq and the New York Stock Exchange called one after another, proposing collaborations and requesting inspections.

Having single-handedly secured 20 billion in transaction volume during the Singles’ Day promotion, Ah Li had become a hot commodity in the eyes of capitalists.

Cai Xin rushed back overnight from Hong Kong Island to the Hang City Ali Headquarters to make the final plans for the group’s IPO.

While Pinbei, Ah Li, and Jingdong were all reaping the rewards of their successful Singles’ Day promotions, the express delivery industry was bogged down in a quagmire.