A few days ago, Hurun Research Institute released the first "2019 Hurun Global Unicorn List". In this list, my country ranks first in the world with 206 unicorn companies on the list. From this unicorn list, we can know that e-commerce, financial technology and cloud computing are the industries that have created the largest number of unicorns. They have spawned 68, 56 and 44 unicorns respectively.
In fact, it is not surprising that these industries can produce so many unicorns. According to Hurun: “These industries are influencing the world economy, leading the fourth industrial revolution, and are widely regarded as key industries of the future. It is expected that many of the world’s top young talents want to work in these fields. ”
So, in the e-commerce industry, how many unicorn companies have been born in my country? Perhaps the answer is quite surprising. Among the 68 e-commerce-related unicorn companies on the list, 34 are from my country, accounting for half of the total number of e-commerce unicorns on the list.
We know that Alibaba, JD.com, and Pinduoduo are the “three giants” of my country’s e-commerce, and they occupy the majority of the domestic e-commerce market. Taking B2C e-commerce as an example, Alibaba's Tmall and JD.com Group have captured more than 80% of the market share, and the oligopoly effect has become increasingly prominent. In the domestic e-commerce market where giants such as Alibaba, JD.com, and Pinduoduo lead the market share, why are so many e-commerce unicorns born? In fact, this is not difficult to understand.
First of all, the scale of e-commerce continues to expand. According to forecasts by analyst firm Forrester, China's e-commerce market will exceed US$1.8 trillion by 2022. A market size in the trillions, even if the majority is controlled by existing companies, will provide opportunities for many people to succeed as entrepreneurs. Secondly, the number of people shopping online continues to increase. With the deep penetration of the Internet, more and more people are beginning to join the online shopping army, which to a certain extent will also enhance the probability of entrepreneurs succeeding in the field of e-commerce. There is also the industry diversification of the e-commerce market. Up to now, the e-commerce market has covered many traditional industries, such as automobiles, vegetables, etc. The "joining" of these industries has allowed some e-commerce companies to successfully rise behind Alibaba and JD.com, such as Chehaoduo and Meicai.com, which are typical representatives.
When it comes to Meicai.com, I believe we are not very familiar with it. However, this e-commerce unicorn has already achieved remarkable results. According to the "2019 Hurun Global Unicorn List" released by Hurun Research Institute, the valuation of Meicai.com has reached as high as 50 billion yuan!
In fact, the success of Meicai.com is inseparable from its founder Liu Chuanjun. In fact, Liu Chuanjun’s entrepreneurial journey was also quite bumpy. Earlier, Liu Chuanjun resigned from the Chinese Academy of Sciences and started his first business in the direction of organic and healthy agricultural products. However, the business soon failed and he was heavily in debt. Subsequently, Liu Chuanjun started his business in Wowo Tuan for three years and was responsible for national marketing and ground operations. It was not until June 2014 that Liu Chuanjun founded Meicai. Although Liu Chuanjun, who founded Meicai, invested all his assets, it was only 350,000.
However, the establishment of Meicai allowed Liu Chuanjun to seize the valuable opportunity of vegetable e-commerce. In Q4 of 2014, Meicai’s revenue was as high as RMB 10 million. By Q4 this year, Meicai’s revenue will exceed RMB 14 billion. In other words, in just 5 years, the revenue of Meicai, a new e-commerce giant, has increased by 1,400 times!
The valuation is as high as 50 billion! After Alibaba and JD.com, the new e-commerce giant’s revenue increased by 1,400 times. Although Meicai.com has achieved good results, Liu Chuanjun has not stopped his progress. According to his own statement: Meicai.com will focus on the construction of the fresh food supply chain, continue to invest in technology and big data, and provide services including commodities, logistics, systems, and finance for the industry.
In the near future, can Liu Chuanjun lead Meicai.com to create more miracles?