Stronger by Paying Salaries and I Have 1 Billion Employees

”To be honest with you, the valuations from brokerages in Hong Kong Island and the Lighthouse Country are only a little over 10 billion US dollars. I would rather hold out for another two years than go public at a loss and let outsiders cash in on a bargain.”

Liu Qiangdong sat up straight, his face grim as he spoke.

In his mind, Jingdong would absolutely not go public with a valuation of less than 20 billion US dollars.

After all, Ali Baba’s valuation was already approaching 80 billion US dollars. If Jingdong’s market cap on its IPO day was only 10 billion US dollars, it would be far too humiliating.

”By the way, Pinbei’s current market share and sales growth are both very impressive. President Chen should start preparing an IPO plan soon.” Liu Qiangdong changed the subject, testing the waters with Chen Yansen.

Huang Zheng, hearing this, subconsciously perked up his ears.

He held a significant number of Pinbei stock options, and once the company went public, his net worth would skyrocket.

Everyone at Pinbei, from customer service reps to the CEO, held company stock, but the project itself had only been founded two years ago.

Therefore, everyone believed it was only a matter of time before Pinbei went public.

”I’m not in a hurry. It’s not like Pinbei is short on funds,” Chen Yansen said with a nonchalant shrug.

Liu Qiangdong felt a sting of jealousy, and a flash of envy crossed his eyes.

In reality, Senlian Capital’s investments in warehousing and logistics were by no means inferior to Jingdong’s. But Chen Yansen’s approach was cleverer: he had spun off Cloud Speed Express to operate independently, responsible for its own profits and losses. This greatly eased the concerns of venture capital firms.

Furthermore, Cloud Speed Express not only served Pinbei’s merchants but also handled package pickups for Tmall Mall, Taobao C Stores, and Jingdong POP Stores. After defeating the Three Passes and One Reach, Liao Wei had quickly turned a profit by raising prices.

He had instantly transformed what was once a liability into a profitable enterprise.

Liu Qiangdong wanted to emulate this model, but he was afraid of compromising the service quality and delivery speed of Jingdong Express.

The two sat on the sofa, making small talk over tea.

The matter of Orange Technology joining Jingdong, as well as the advertising agreements with Toutiao, Lingxi Browser, and the Orange Application Mall, were all delegated to their subordinates to handle.