Chapter 1144 Amazon Is Profitable

In 2001, Feng Yu came to Seattle, the United States. Jeff Bezost specially notified Feng Yu to participate, saying that he had good news and told Feng Yu.

"Everyone, I'm announcing good news to everyone today. Relying on the profit increase in the fourth quarter, Amazon has made a profit for the first time since its establishment!"

All directors and executives are applauding enthusiastically. After so many years, Amazon is finally profitable.

At the beginning, Amazon was able to go public a long time ago, but due to the opposition of major shareholders, the company has not been able to go public. At that time, it was the spring of Internet companies. After the listing, the stock price soared.

They have complained privately to Feng Yu more than once. If Amazon went public in 1997, they could cash out in 1999. The profit is at least dozens of times!

Look at eBay. After its listing, the company’s market value has doubled by a hundred times. Even if Amazon is not as good as eBay, it’s not too bad, right? Even in their hearts, Amazon may be more popular than eBay. After all, Amazon's major shareholder is Feng Yu. This is a golden signboard, which makes shareholders believe that the company will give them a guarantee of generous returns!

Feng Yu is the youngest millionaire with tens of billions of dollars, and the second in the world. He is also the one who defeated Soros. He is well-known in the investment world.

It's a pity that Feng Yu just didn't want to go public, saying that the company was short of money, so he continued to inject capital, but he also got the support of Bezos, leaving small shareholders like them helpless.

Didn't Feng Yu's assistant, Ralph, say that if any of you object, it doesn't matter. According to the market price, we will pay a 10% premium to buy your shares.

Of course they don't sell it!

At the beginning, they held the idea of ​​cashing out to make money after going public. But then, they also saw potential in Amazon.

The online shopping mall does have an important advantage over the physical store, that is, it can give customers a richer choice of goods, and it is even very simple.

In the United States, many middle-class people live in the suburbs. The environment is good, the place is large, and life is relatively comfortable.

They usually go to the supermarket once a week to buy their daily necessities for a week. They are very tired every time, and sometimes they have to search for a long time to buy the same product.

But Amazon's online shopping mall is different. You only need to type a few keyboards and click search to find the desired product. Then place an order and wait for it to be delivered to your door.

At the beginning, Amazon also paid cash on delivery, but some consumers also found it troublesome and always had to prepare change.

But later, Amazon can use the online bank to pay in advance, which saves this trouble. Some users believe in the reputation of Amazon, and slowly, there are more and more such users.

The variety of goods on Amazon is also becoming more and more abundant. As long as it is a legal product, they can sell it. Everything from toothpicks to large appliances such as refrigerators and washing machines can be purchased through Amazon and delivered to your door.

Those shareholders saw more and more registered users, more and more sales, and less and less losses, and they stopped talking.

Although they have very few shares in their hands, they firmly believe that this part of the shares will bring them rich returns in the future. And this day is not too far away.

Amazon is planning to enter South America. At that time, the market will be bigger and the profit will be more.

The year before last, Amazon opened a music store, which sold all kinds of music products, such as tapes, CDs, MDs, DVDs, etc., as well as various players, headphones and other related products. At that time, Amazon made a free MP3 download.

At that time, many people opposed it, and even several directors strongly opposed it. This fee-based download is a good idea, but who would buy it?

But soon, they knew what product this was for. AIWA was sued by the Recording Industry Association of America. Then MP3 players quickly became popular in the United States, and then became popular in North America, America, Asia, and Europe, and their MP3 audio downloads skyrocketed.

Since they have more users,

And it is also one of the sellers of AIWA products. Many people chose to download MP3 in their music stores. As a result, their download volume exceeded that of AIWA.

Now almost every month, they have more than one million downloads, and since AIWA launched the new MP3, their downloads have skyrocketed again. Together with the book store, this music store has become Amazon's biggest profit maker.

And just last month, their music store merged with AIWA's music website, the two merged, and the download volume climbed again.

Those directors and executives all admired Bezos and praised him for his vision. But Bezos knew very well in his heart that when he wanted to download MP3s, he also refused.

It's just that Ralph, on behalf of Feng Yu, forced him to get on the horse. As a major shareholder, Feng Yu almost never intervenes in the management of Amazon. He just asked him not to enter the Chinese market and Eastern European market.

But now, Feng Yu actually asked him for this, which shows that he attaches great importance to MP3 downloads, how dare he not implement it.

So such a credit has become his wise decision and foresight.

Amazon is now not only the largest online bookstore, but also the largest bookstore, the largest music store, and the largest comprehensive online retailer.

Now Amazon's promotional slogan is "the largest online retailer", which is very arrogant.

But others have nothing to do, no matter in terms of product categories, registered users or sales, Amazon is the largest and deserves it.

Of course, if you look at the market value, Amazon is worse, because Amazon is not listed.

And now, Amazon is preparing to add a slogan to its promotional slogan: the most customer-centric enterprise. The slogans of many companies are customer-centric, but Amazon has added a "most" in front of it, which has caused many companies to criticize Amazon for this.

It's a pity that these criticisms not only did not affect the development of Amazon, but also increased Amazon's popularity and made Amazon's sales rise steadily.

If Bezos hadn't waved his hand and invested 30% of his income in marketing activities to attract customers, Amazon might have been able to make a profit a few months earlier.

But it's not too late to make a profit now. Feng Yu was very satisfied with this.

When other Internet companies are losing money, Amazon is profitable, which is success!

Feng Yu took the report, crossed his legs, and opened it with a shake. He also looked at the report to see how much surprise Amazon could bring him.

But when Feng Yu carefully saw the final profit figure, he couldn't help but roll his eyes.

The amount of profit was more than 30,000 US dollars.

Nima, the world's largest online retailer, has a yearly profit of just over 30,000 US dollars, which is good news for me! (just love net)