Chapter 419: The Future Mall is online

The agreement is simple, regardless of whether the Future Mall can sell out those products, the Future Mall must complete the purchase of $1 billion within one year from the time of launch.

In other words, even if the sales of self-operated products are only $10 million within one year of the launch of the Future Mall, the Future Mall must purchase $1 billion of products.

As for whether these products will rot in the warehouse of the future mall, it is none of the business of each company.

The deal is tough because it has to make $1 billion in purchases within a year.

Otherwise, each company will not wholesale its products to Future Mall at the same wholesale price as the physical store.

They are also afraid of the opposition of the physical store, and the various companies that signed the agreement with Xu Qing have competing companies, if the physical store does not cooperate with them, who will they cry to?

With the exception of a few products, most of which have a shelf life of more than one year, the Future Mall does not need to throw away those products immediately even if it does not sell out $1 billion of products in a year.

But if it doesn't sell out within a year, the situation is still very bad.

Because buyers look at the production date of the product, oh, it was made a year ago, although it hasn't expired yet, but it also makes them feel bad.

The vast majority of people like the latest products, products made 1 year ago, even if they haven't expired, they are in good shape.

That way, they're likely to opt for a brick-and-mortar store.

To be honest, Xu Qing does not have much confidence that Future Mall will sell $1 billion in products within a year.

Now the size of the online shopping market in the United States is only a few hundred million dollars, and $1 billion is several times the size of the entire market.

But the $1 billion purchase contract must be signed, otherwise the companies will not agree to provide products at the same wholesale price as physical stores.

Among the four major problems of online shopping, Future Mall solves the problem that the price is more expensive than that of physical stores.

The problem of long delivery time has been solved by Future Mall.

Future Mall cooperates with FedEx, UPS Express, DHL Express and other express companies.

Future Mall subsidizes 30% of the price for each order, so that these couriers give priority to orders from Future Mall and deliver them as quickly as possible.

Future Mall now has four large warehouses in New York in the east, Kansas City in the middle, San Francisco in the west, and Anchorage in Alaska in the north.

These 4 warehouses all store the products of Future Mall, ensuring that customers in any part of the United States can place orders and deliver them as quickly as possible.

It is expected that the goods will be received within 2 days after the order is placed, which is much faster than the current general speed of 4 and 5.

The four major problems of online shopping have been solved by the future mall 2, and there are still 2 problems that the current future mall cannot solve.

Even by the time Xu Qing was reborn, brick-and-mortar retail in the United States was very developed and not affected much by online shopping.

The payment puzzle is being solved and is not expected to be solved until next year.

The Lane Bank, which Xu Qing acquired before, was used to solve the payment problem.

The payment technology Future Mall has now been conquered, technically speaking, the Future Mall can now be used, and the operation steps have simplified a lot of payment tools.

A payment tool that can be easily mastered by the vast majority of people.

The payment conundrum is that the U.S. government has not yet approved it, the legality of the payment instruments in the Future Mall, and a whole bunch of issues that need to be approved.

Half a year ago, Future Mall was lobbying the U.S. government for approval, but the speed of progress was average.

Later, Xu Qing invited people from the alliance of interests to join the lobbying team, and the speed of progress increased a little.

If there are no surprises, the U.S. government will approve it early next year, and the payment tool of the future mall will be online.

Originally, the future mall will be launched after the payment tool is launched, which is the most suitable.

However, the U.S. government approved the payment instrument of the Future Mall with a precondition that the size of the Future Mall must reach $100 million.

This is because the U.S. government wants to ensure that the payment tools are used where they should be used, and the U.S. government is worried that Xu Qing will use the payment tools to launder money.

This concern is normal, and there is no payment tool in the world, and the government does not fully understand the usefulness of this payment tool.

They were worried that there was something they didn't know about and would be used by Xu Qing to launder money.

In fact, after the government launches the payment tool, it will soon find out that the payment tool is an excellent tool for anti-money laundering.

Payment tools can indeed be used for money laundering, but the use of payment tools requires real names, and the whereabouts of each of the user's money can be clearly checked.

As long as the government has this data, they can easily know who is laundering money.

However, Xu Qing will not hand over these data to the American government.

Xu Qing came to the Future Group and held a meeting to understand the current situation of the Future Mall and emphasized some precautions.

Then Xu Qing inspected the technical department and personally learned about the technical preparations.

Then Xu Qing called the heads of the four warehouses and told them to get ready.

I called the courier company I worked with, hoping that they could complete the order in time.

After doing these things, the time came to more than 11:40, and there were still more than 10 minutes, and the future mall was launched.

As early as a few months ago, the Future Mall promoted the Future Mall through various publicity channels, and tens of millions of dollars were spent on publicity alone.

At present, Xu Qing's investment in Future Mall has reached 1.7 billion US dollars.

It's not a lot of money, but it's nearly 10 times larger than the entire online shopping market in the United States combined.

Moreover, the online mall is a money-burning industry in the early stage, and a lot of money needs to be invested.

Like Amazon, which was in the original time and space, it has developed for decades and added up to a profit of more than one billion dollars.

In its sixth year on the stock market, Amazon lost billions of dollars, and its founder, Bezos, was almost ousted by investors.

Of course, you can't look at the loss of the online mall so simply, if you lose now, you will definitely make money in the future.

At 12 noon, the Future Mall was officially launched, and the icon of the Future Mall appeared on the homepage navigation page of Extraordinary Browser.

The most conspicuous place, and the words Future Mall are shown in red, and the names of other websites on the home navigation page are displayed in black font.

Future Mall is not intended to be a separate software on the PC side, but it is a web version of the display content like the original time and space Taobao.

At the same time, the Future community, FF instant messaging and all the websites and software under Xu Qing have pushed the online information of the Future Mall, and there is a link to the Future Mall in the message.

It is estimated that at least tens of thousands of netizens have seen the launch information of the future mall at this moment.

Before the launch of the Future Mall, the Future Mall did a survey, and the sales on the first day of the launch could reach 6 million US dollars.

The expected first-day sales can be so high because Xu Qing used a very shameless method.