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Text Chapter 2553 Nervous preparation (Part 2)

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    Qin Yibin knows what is the foundation of an enterprise. On the issue of product quality, adhering to the old-fashioned prudence learned from Japan, he has never compromised.

    Of course, Xiaoyao Mall has had quality problems, but they were not caused by the purchasing staff, but by the manufacturers.

    If you change a company, they will push you to go directly to the manufacturer. I sell things, not produce them. I buy goods from regular manufacturers, and I don¡¯t make fakes to sell them. The problems caused by this are as follows:  What does it matter to me?

    But Xiaoyao Mall is different. Qin Yibin stipulates that as long as it is confirmed that there is a problem with product quality, if it is not caused by human factors, refund is the first step. Then the after-sales staff will also investigate the product quality problems and conduct inspections on shoppers.  Providing a certain degree of compensation is the attitude of a responsible company.

    As for how Xiaoyao Mall punishes manufacturers, they don¡¯t have to wait for this result.

    Precisely because of Xiaoyao Mall¡¯s attitude, in just one and a half years, it has swept the country and directly become a super giant with monthly sales of 35 billion yuan.

    JPMorgan Chase¡¯s valuation of Xiaoyao Mall has exceeded US$150 billion, completely exceeding Amazon¡¯s peak period.

    Of course, Amazon has gradually begun to recover after the financial crisis. Now its stock price has already rebounded and its market value has returned to more than 50 billion US dollars. When they continue to develop according to the development rules of their previous life, they will surpass Wal-Mart and reach more than 2,200 US dollars.  A market value of US$100 million is also just around the corner.

    Xiao Qi only spent 5 billion US dollars to obtain 20% of their shares. Calculating the profits at that time, it was basically close to 8 times the profits!

    If Xiaoyao Mall is also listed, its market value will definitely exceed Amazon. But the problem is that Xiao Qi has never thought of listing Xiaoyao Mall, and he will not even give any shares to others, so no matter what the valuation is.  It's just a number on paper.

    This is also the reason why Forbes Ranking and Fu Run Ranking dare to accept Xiao Qi¡¯s money and significantly reduce the assets of Xiaoyao series. If you don¡¯t buy or sell, you don¡¯t have a specific and real valuation, which is not as good as Dreampad and Dreampad.  dreamsta.  This is real money and shares trading.

    Back to the topic.

    Treating customers is naturally the best attitude, and for those companies that provide inferior products to Xiaoyao Mall, Qin Yibin uses all the methods and even pays high.  The person directly responsible must go to jail.

    This is a company attitude, indicating that this kind of thing will not be tolerated under any circumstances.

    You can make money, but if you want to make shady money, then be unlucky!

    With such an example in front, Xiaoyao Mall¡¯s profits are not low, and all payments are made in cash. What are you dissatisfied with?

    As time goes by, the number of fake and shoddy products will naturally become less common, and the reputation of Xiaoyao Mall will be maximized.

    Don¡¯t underestimate this credibility.  Nowadays, people have different opinions about price. The most important thing is quality, especially food safety.

    You can control it to the best and let everyone believe that Xiaoyao Mall sells products of reliable quality, and they will always choose Xiaoyao Mall to buy products.

    After forming a habit, for them, Xiaoyao Mall will become a part of life, and Xiaoyao Mall will replace department stores and supermarkets, completely occupying a part of their family expenses.

    Speaking of this little episode, it¡¯s actually just an explanation.  The development of Xiaoyao Mall to this point is directly related to Qin Yibin's strict control.

    So Qin Yibin did the same thing in India.

    On the one hand, he settles the bill in cash and will never default. On the other hand, he also signs the most stringent shopping contract.  If something goes wrong, you will be fully responsible.

    ¡°Currently, Indian manufacturers don¡¯t know how powerful they are. If anyone wants to give it a try, Qin Yibin doesn¡¯t mind letting the whole of India know what means Xiaoyao Mall can use to attack them.

    However, it is worth noting that India is relatively rich in food products.  Many other manufacturers of daily necessities have serious shortcomings.

    For this reason, Qin Yibin also spent a lot of effort to apply for an import quota and prepare to sell various daily commodities produced in China to India. These manufacturers have long-term cooperation with Xiaoyao Mall. The quality is good and the price is low.  expensive.

    But India is very cautious about the import of small daily commodities. Qin Yibin spent 200 million US dollars on this aspect of his previous 500 million U.S. dollars, and subsequent donations to the Ministry of Commerce and prominent families?That's mostly why.

    "Our Xiaoyao family went to India this time. The happiest thing is actually not these manufacturers, but the ordinary people in India." Qin Yibin smiled and said to Xiao Qi, "Xiaoyao Mall has not many employees, plus the purchasing and  There are only more than 1,000 quality inspection personnel, but there are more than 12,000 people in Xiaoyao Logistics and more than 6,000 people in Xiaoyao Express, which are real jobs.

    For reference, the average income of a commercial vehicle driver in New Delhi, India is 220 US dollars a month, and the salary for Xiaoyao Logistics driver employees there is 330 US dollars a month. Bonuses are not included in overtime. Other areas and other staff are also paid at a similar rate of 150 US dollars.  % to pay the salary.  In this way, they had so many people applying for jobs that they almost overcrowded the recruitment site.  "

    Xiao Qi thought of the articles he had seen in his previous life that some people advocated high salaries in India, and asked, "I heard before that the average salary of ordinary people is more than 6,000 a month. Why is it so low?"

    "Where did you hear the news? I learned in New Delhi that in the most popular medical field, the monthly salary of an experienced attending doctor is only about 5,000 US dollars. The monthly salary of a factory technical expert with more than 10 years is only 2,500 US dollars.  "Qin Yibin said, "For middle- and low-level jobs, the highest salary for a security guard is 300 US dollars a month, and an ordinary nanny is 80 US dollars a month More than 6,000 people, even if you only count the more than 300 million people in the upper castes in India.  It¡¯s not even up to this level!¡±

    In India, the five levels of caste are strictly divided to this day.

    We usually know that India has four classes, Brahmins, Kshatriyas, Vaishyas and Shudras, but many people don¡¯t know that there is actually the lowest caste below, which is the Dalit known as the untouchables.  Especially, Indians have not treated them as human beings since ancient times.

    There is even an extreme statement, that is, the more than 300 million high-caste people believe that except for them Brahmins and Kshatriyas, the remaining three major classes cannot be regarded as human beings. The Indian population is actually only more than 300 million.

    Xiao Qi will not care about what they say. No matter what class of people they are, they are all customers of Xiaoyao Mall.

    But since we are doing business in India, we dare not touch some taboos. At least Qin Yibin and the managers of Xiaoyao Logistics and Xiaoyao Express do not dare to hire Dalit people. At most, they hire Vaisya people, and only those  There are many Shudras among the staff who do not come into contact with customers.

    ¡°After all, if Shudras go to deliver goods, and if Brahmins and Kshatriyas complain to the police, saying that untouchables have defiled their goods, this will be a very, very troublesome matter.

    Only Vaishya can barely be accepted by everyone.

    Even Dalit people may not dare to buy goods online, otherwise if something happens, there will be no one to help them.

    Maybe couriers who seem honest on weekdays will bully them.

    After Xiao Qi heard about such a thing, he could only shake his head and have nothing to say. He could only tell Qin Yibin as much as possible that employees of the three major companies of the Xiaoyao family must not engage in any discriminatory behavior, otherwise the worst would be  Fire them, or in serious cases, send them directly to prison, where they will sit through jail time.

    No matter what, according to Qin Yibin¡¯s calculations, the salary of Indian employees is basically half of that of Huaguo Xiaoyao employees, and this is on the condition that their salaries are increased by 50%.

    At least in terms of labor costs, it is a huge saving.

    Putting aside this somewhat heavy topic, Xiao Qi asked Qin Yibin again, "Where is the flipkart company I asked you to pay attention to?"

    "Flipkart is now just like Amazon, doing simple online shopping of books. There is no sign of any development at all." Qin Yibin shook his head and said, "Except for the fact that the two founders are from Amazon, I don't see any sign of development."  However, because I want to develop in India, I also need some local Indian elites to join, so I directly bought flipkart for 10 million US dollars, and all employees were merged into Xiaoyao Mall, and the two founders became department managers.  Let¡¯s see what good fortune they have.¡±

    Xiao Qi smiled slightly when he heard this.

    ¡°If he told Qin Yibin now that Flipkart will become India¡¯s largest e-commerce giant in the future, with a market value of more than 30 billion U.S. dollars, and even Amazon can¡¯t beat them, Qin Yibin would definitely not believe it.

    indeed.

    That was just a previous life. Flipkart only received its first venture capital investment in October 2008. There is no chance for development and growth in this life. If it is not acquired, the super giant Xiaoyao Mall will directly use the momentum of Mount Tai to overwhelm Flipkart.  They were crushed.

    But the two founders also have outstanding talents, let them join Xiaoyao Mall, but it can help Xiaoyao Mall quickly gain a foothold in India, and then develop and grow even more rapidly.

    If a multinational company wants to succeed in a foreign country, the strategy of absorbing local elites is indispensable!  (To be continued.)
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