# # Listed on the entrepreneurs successfully listed Jingdong Liu Qiang East behind men Beijing May 22, Jingdong listed on the Nasdaq. IPO pricing $ 19 / ADS, ADS per share Jingdong on behalf of two Class A ordinary shares. Jingdong The IPO is expected to issue 69,007,360 shares of ADS, shareholders will sell 24,678,260 restricted shares of ADS. In addition, the underwriters over-allotment option also enjoy ADS 14,052,840 shares, the price is consistent with the IPO price. The highest priced at $ 18 / ADS count, Jingdong if fully exercised over-allotment option, the total IPO funds raised over $ 2 billion. After a successful IPO, Jingdong valuations will exceed $ 25 billion, to become China's largest import and B2C platform. Entrepreneur Media founder president of the club, horse tutor, Jingdong Liu Qiang, founder of the East will reach $ 4.6 billion worth, with 83.7% of the voting rights. Sixteen years, Liu Qiang East completed the small business owner to China's shift from gangster Zhongguancun sellers. We all love about Qiang East behind the eight women, such as GONG Jing, tea MM. But in fact, men need to support the success of 'base situation', the following men and Jingdong Liu Qiang East on the success of a huge boost. VC secret gentry - Hillhouse Capital founder Zhang Lei, according to 'Business Week' reported: Zhang Lei Division famous door. In 1972, he was born in 1989 in Henan champion of the people admitted to the University of International Finance, in 1998 the United States to study, worship at Yale investment fund official David Swensen's book (David Swensen) sects. Swensen's book has been on Wall Street battles six years, has served as senior vice president of Lehman Brothers and Salomon Brothers Corporate Finance Partner, Invention 'Yale model' return to Yale, the Yale fund to create a new era. From 1985 to 2005, the size of the fund grew from $ 1.3 billion to $ 14 billion, a net increase of $ 12.7 billion. Global private equity investment fund industry research authority PEI had elected him second in the list of global PE industry influence hundred people, second only to former Federal Reserve Chairman Alan Greenspan. Swensen's book, the book 'institutional investment and fund management innovation,' the Chinese version that is personally translated by Zhang Lei, and published at his alma mater, the NPC Press. 33 years old, Zhang Lei with a $ 30 million investment fund office at Yale University (Yale Endowment) provides founded Hillhouse Capital (Hillhouse Capital Management). According to public information with the US Securities and Exchange Commission (SEC), and the agency currently manages fund $ 7.766 billion, market capitalization of $ 912 million of their own, since its inception, the average annual compound rate of return of up to 52 percent, while only 35 employees. In early 2010, Zhang Lei capacity 2002 graduate of the Yale School of Management, Yale University, donated $ 888.8888 million and graduates of the school set a personal donation records. This feat allows Lei overnight become a controversial figure, Hillhouse capital also will be surfaced, becoming the focus of attention. In early 2011, Hillhouse capital from many investors in the blaze, announced Jingdong provide $ 150 million C round of financing, accounting for 1.5% of shares. In 2013 the Yabuli forum, Lei has always been low-key first disclosure of investment Jingdong insider. According to him, Hillhouse Capital is one of the top three shareholders Jingdong, also in additional investment. Liu Qiang East only when you want to find $ 70 million Lei, Zhang Lei replied: 'If you do as long as 70 million, I do not vote, and to vote to cast three million.' He decided Jingdong business model 'is the need to burn itself business ', do not burn $ 2 billion can not form the core competitiveness. The Hillhouse Capital is precisely the style of 'a large number of less time,' cast a few companies heavily rely on long-term gains profit. He believes that Liu Qiang East darkstalkers wigs 'very real.' 'Actually, we had already been to think clearly what mode to vote, no one who wanted to do this thing, we all want to throw three hundred million US dollars, but I could not find such a person.' He said. '
They say to do light Assets mode, do Internet brand, because VC like this one, I thought you could have done to make how the asset-light Alibaba do? Ma is the entrepreneur genius, not to mention you are 10 years later than the others, how to play with others ? 'Only Liu Qiang East bluntly told him that he is to do import and electricity providers, do the supply chain. 'So we voted.' Lei said. The second point is the insistence of his value. 'Jingdong other investors, like nature with us, not because of capital market volatility today, tomorrow the media bad-mouthing very nervous. I can tell you, before all of them have several large investment in additional investment, we really believe that thing in changing China. 'He said,' I have a friend who asked what Amazon founder Bezos is most regrettable, most regrettable that when he founded the Amazon UPS has been great, he had no opportunity to re-integrate the supply chain Jingdong no UPS, have to rely on a set of their own, we are willing to pay for children to help them do it. '' The electricity supplier business, there are one million kinds of ways to die miserable. We even paid with three hundred million US dollars, but the entire fund in the remaining two three points, insignificant to me. We want to bet something most worthy of belief, 'he said. He hopes to continue to deepen Jingdong moat, rather 'all the world's consumers, suppliers say Jingdong silly', and do not for profit premature change the company's strategy and thinking. 'You're in this business model can not by how much money you decide, ultimately depends on you to this community, how much value to the consumer.' He said. According to 'Entrepreneur' Statistics, IPO application submitted early this year in Jingdong display, Jingdong Hillhouse Capital holds 15.8% of the shares, according to a company valuation of $ 24 billion calculations to return Hillhouse Jingdong up to $ 3,792,000,000 of capital . Example and opponents - Huang Guangyu, founder of Gome and Suning Zhang Jindong, founder of Gome founder Huang Guangyu, although it is still in prison, but just started learning, but Liu Qiang East the United States. According to 'Entrepreneur' reported that in early 2001, Liu Qiang East fascinated by visiting the United States. He traveled to various chain Gome, BeiTaiPingZhuang of the flagship store to numerous times, he sometimes buy appliances, sometimes just wandering around in the store, and the sales staff to bargain and ask all kinds of questions: purchase channels, distribution and so on. At that time the United States in Beijing has more than 20 stores, in May, the United States in the country all of a sudden opened 13 stores, the chain's expansion rate so that Liu Qiang East is impressive. Liu Qiang East was already the country's largest discs agent, is Simou transformation. Gome fast naturally became the object of study Qiang East, so his only United States to take a stroll through the chain. After a period of 'steal division,' concluded Liu Qiang East, the United States such a large-scale chain retail model, it will be IT, the future of 3C products channels, 'chain can continue to replicate, scale up quickly, and the traditional department stores, IT stores, although it can make money, but can not copy, do not 'do IT digital national chains become Qiang East goal. In 2001, Liu Qiang East's first retail store in Zhongguancun street Yinfeng building opened in Suzhou, known as 'Jingdong Multimedia', outside the initial high of only two people, which sells high-end sound card, keyboard, mouse and other computer Maori set products. From the agent to the biggest change is the change in retail sales model on the amount of the agent is to take employees to consider what the price is 20 strategies, 50 have such a problem how much rebate, and retail is a dirty work, you need a a table to sell, how to attract each customer to you here to buy things, how to improve the professionalism and value-added services, is to do retail issues to be considered, both described as very different business cultures. Liu Qiang East took five months to make themselves and their employees from the agent's idea to do retail, and then began to open his second, third store, the store opened after the sixth, speed is accelerated, the fastest When a month opened three stores.
Later, even the stores open to Shenyang, he worked with local partners, 'said Jingdong to do national chains, like the United States, as the country opened 1000 IT Small Shop, let Zhongguancun Computer City disappear.' Liu Qiang East final transition line in 2004, 2008, preliminary find the feeling of the Qiang East, when Huang was taken away by Beijing police investigation, in 2010, castlevania wigs when Liu Qiang East is beginning to bear B2C platform when the king of the air, Huang was sentenced to 14 years in prison Beijing High Court. Liu Qiang East did not use direct subversion B2C mode off idol Huang Guangyu business empire, and catch up with the founder of Gome, Suning Zhang Jindong dry on. Suning early as 2005 began to do online shopping mall, but until 2009 and changed its name to the new revision upgrade Suning Tesco, August 18 a new version of the site into the trial operation stage, February 1, 2010 officially released on-line. September 26, 2010 and re-revision. When Suning 3C chain stores realized that Jingdong to subvert the situation began to force when, in 2011 to enter the country Suning Tesco B2C three. In early 2012, Suning Tesco Suning Appliance's promoted to a new headquarters to form a separate business unit to carry out the operation, the system also greatly expanded the organization, the group deployed, including more than 20 executives, including Libin Deng force to enter Suning Tesco, the total number of years expanded to 3,000 people, and to start building Suning Tesco headquarters base. While Suning Tesco also plans to 2012 in 12 major cities set up regional management companies, strengthen localization operations and service capabilities. August 2012, Suning Tesco Jingdong formal war against. February 2013, the founder of Zhang Jindong, Suning Suning announced renamed Suning Appliance, a thorough transformation of the whole group O2O platform, with the intention of Jingdong competitive differentiation. If the United States gave Qiang East to learn, so let Zhang Jindong Liu Qiang East after the 'pursuers' and must continue gallop. Zhang Jindong Liu Qiang East road to success is a sense grindstone. Injured man - easy fast founder Bu Guangqi Tencent Holdings March 30 morning announcement, Tencent to establish strategic partnerships with Jingdong, Jingdong will acquire 100% interest in Tencent QQ online shopping platform B2C and C2C platform pat network, logistics personnel and assets, and Tencent will be $ 214 million stake in Jingdong, Jingdong listed before accounting for outstanding common shares of 15%. In the deal, Jingdong will acquire Tencent QQ online shopping platform B2C and C2C platform pat net of a 100% interest, logistics personnel and assets, as well as a minority stake in easy fast network and the right to purchase the remaining shares of easy fast network. I had analyzed the dark horse, though not say, but has in fact incorporated into easy fast Jingdong, there are two reasons: 1, Yi Xun why not say directly into Jingdong, but also to retain the easy fast. In fact, this is a step very wonderful chess game. According to statistics, Jingdong B2C market share as high as 41%, and contains a fast and easy Tencent electricity supplier with over 10% market share. If Jingdong direct and the easy fast network, will exceed 50% of the market share, it could trigger an antitrust investigation. According to 'anti-monopoly law,' Article 19 provides that: any of the following circumstances, it can be assumed that the operator has a dominant market position: an operator's market share in the relevant market of half. Therefore, no transfer case, only be regarded as a transfer of core assets to circumvent the law. 2, Yi Xun electricity supplier strongest asset is the logistics. Yi Xun in the whole electricity provider Tencent most important arrangement is to be given to the important mission of Tencent electricity supplier logistics construction, and can be seen from the details of the transaction, it will acquire 100% interest in Jingdong B2C platform Tencent QQ online shopping and C2C platform pat network , logistics personnel and assets. According to public reports before,
Tencent electricity supplier logistics around Yi Xun basic electricity provider of logistics and construction, which is actually in other words, the most important asset has been incorporated into Jingdong Yi Xun. In fact, according to 'Entrepreneur' \u0026 i understand the dark horse in the easy fast up and down, generally have been sacrificed mentality Tencent, Tencent after saying a few years will regret it. And after 2010 was to remain wholly acquired Tencent Tencent founder of Yi Xun Bu Cosplay Costumes Guangqi, had hoped to talk to Liu Qiang East, 'like a man' battle once, the result was 'cruel' of abandon. It is said that this is not the founder of Tencent Ma's opinion, the core of Tencent president Liu Zhi Ping push. 'Wounded man' Bu Guangqi has fulfilled the B2C Liu Qiang East dominance - backed by Tencent trees, Liu Qiang East no longer have to worry about being one-sided Alibaba weighed. -------------------------------------------------- ---------------------------- 2014 Chrysler Cup dark horse contest electricity supplier and consumer industry events officially opened, thanks Songshan Lake High-tech Industrial Development District Management Committee for their support, project registration in the national hot open. Registration: Registration Please Mengchuo 'read the original' Registration Tel: 15811256967 Application Consulting QQ: 553039495 Application Consulting-mail: yudanni@chuangyejia.com more dark horse competition horse-related information, please visit the official contest website, or follow the official micro signal dark horse competition : heimadasai.