Two days later, Qin Hao could only focus on Tesco again.

The main reason is that in the second half of the year, he is preparing to start Tesco’s Series B financing.

The reason why we are so anxious to raise Series B financing is not because Tesco has no money. On the contrary, although it has burned a lot of money to promote Yipay, Tesco's cash flow is still relatively sufficient.

Mainly to prepare for the financial crisis in 2008, according to Qin Hao's plan, the B round of financing will be carried out in the second half of the year, and Tesco's valuation will be at least five times higher. The C round of financing will be launched in the second half of 2006, and the valuation will at least be

Reaching $15 billion.

By then, with a large amount of cash in hand, not only can we successfully survive the Internet winter caused by the financial crisis, but we can also use it to acquire some high-quality Internet companies and expand Tesco's territory.

Of course, the premise of all this is that Tesco must maintain rapid growth in the next two years and crush its peers to become an industry unicorn.

It is not easy to do this. Taobao is undoubtedly a very strong competitor. Although Jack Ma is a little crazy, his strategic vision is unique in the entire Internet industry.

Take the past two years as an example. Although Tesco has a fairly mature business system with its offline store model and is favored by a lot of capital, Taobao has also always been clinging to Tesco's backside with its all-encompassing product categories.

The biggest disadvantage of Taobao at present is that its business model is not mature enough and it has been in a state of loss. Jack Ma is facing huge financial pressure, especially when Qin Hao took away his "destined financial owner" Sun Zhengyi. Although Jack Ma later returned

I found another investor, but the other investor was not as generous as Son.

There have been ongoing debates about the business model within Alibaba. Many senior executives feel that Tesco’s business model is already very mature and it is better to learn from Tesco’s business model. However, Jack Ma resists all opinions and insists.

We need to break away from Taobao’s own business model.

This also made some Alibaba executives gradually become dissatisfied with Jack Ma.

Just a week after Qin Hao participated in his graduation defense, a post began to circulate on the Internet. The content basically summarized several key points of Qin Hao's graduation defense. This post first appeared on the Shuimu Beiqing Forum and was later published.

Someone reposted it on the Tianya Forum, and later it caused some reports in print media.

Regarding the arguments put forward by Qin Hao, there are different opinions on the Internet. Some netizens think he is very far-sighted, while others think he is whimsical.
Chapter completed!