Wang Junyu: 1.9 billion dollars to prop up peas and pods in the future

Author: Wang Junyu, founder and CEO of Pea Pods

Recently in the industry because of Baidu acquisition of 91 of things noisy, pea pod and this thing is not directly related, but I and the company did receive more than 10 media interview request, some questions are answered here together.

First of all to congratulate the Net Dragon and 91 made a good business, 1.9 billion dollars is a very refreshing price.

But interestingly enough: pea pods never define themselves as app stores. The entire pea pod, in the application distribution of research and development team accounted for only about 15%. Today's App Store form is just a very early pattern, even the early navigation stations on the Internet have a weaker role to play in the lives of users-after all, when a user installs an application, it only needs to be done on the desktop, without having to repeatedly search through the App Store, There is a big difference between this and the way the navigation station is used.

Today, we want users to find content through pea pods, and to make the phone experience simple and loving. Our team is good at creating simple and useful products. The fact is that since the introduction of pea pods, almost all product designs have been based on pea pods, whether in the field of mobile phone assistants or in app stores. Mobile Internet era, the user's choice of power increased, uninstall the application becomes easy, and not so many crooked way of promotion. A good product is easier to glow, easier to stay on the user's cell phone, and a key factor in business competition.

In the room with the largest pea pods, there have been many investors-including the investment arm of big companies-who want to hear stories about "the future of pea pods as an App store". Every time we encounter this, we are miserable because we do not want pea pods to be just a simple flow entry. We don't want to be a hao123, we prefer 10, 20 years past, we have a firm foothold in the whole market, our parents, children, when they want to play something, watch something, listen to something, they know, just pick up the phone, tablet or TV, pea pod will be there waiting for you. In the world of pea pods, there is no complex operation, there is no fear of trembling, only simple love experience.

But even though we are still in the first phase--with the distribution of applications, pea pods have done very well. At present, from the Pea Pod's own statistics, the daily distribution of more than 30 million times, and currently has accumulated 200 million users.

In addition to mainstream applications, pea pods are also very effective at distributing high quality new applications. With the recent "Crazy guessing song", for example, "Crazy guessing song" in the first day of the pea pod download more than 160,000, accounting for its full channel total download more than half the volume. And on November 28, 2012, the Pea pod exclusive released by Han Cold produced "a"android version, the first day download volume reached 380,000. " As of January 2013, "a"android version of the download has exceeded the IOS version of twice times, which through the pea pod downloads accounted for its total Android channel 80%. "

The beginning of the Pea pod, just in time to catch up with Android phones in China, the number of Android users quickly from millions began to expand to billion in the process of making good products, creating a good reputation and goodwill and brand. 2010, we chose to "mobile phone assistant" as the starting point, 2011, we through "Application search" to enter the field of application distribution; In 2012, we moved most of our business to mobile clients. These several important strategic steps, inter-related. Even as market competition has intensified since 2012, mobile phone assistants and app stores have become almost standard for internet companies, and we are still drawing a beautiful growth curve in the fierce competition, which gives us confidence in our ability.

Today, we get more than half a million of new users on Android clients every day, and it's no exaggeration to say that the number of new contact peas per day is close to half of the new handsets sold in China. And from the founder to date, most of the users of pea pods from the user's own choice of "natural flow"; Our official website of the "seo", most of the keywords are "pea pod" of all kinds of writing, are heard the pea pod and then come to look for us. This shows that the pea pod "simple and loving" culture and values, has been deeply imprinted in our brand, and is recognized by the public.

To be honest, a company that is close to our main business today has been sold by 1.9 billion, a matter of excitement--though rationally, the valuation is unsustainable. Our three founders are also the first time to start a business, also have not bought a house, no good car, take a lot of money home for the elderly, is not a very happy thing? But we don't really have any hobbies other than hugging cats, and we don't know what to do when we retire. In addition, we also want to have their own independent office, can raise a few Meng cat, want to spend 400,000 air purifier, without being approved. This is the fun of entrepreneurship and its irrational side.

But in fact, apart from these perceptual reasons, we have always wanted to uphold the path of independent development, and there are very rational reasons for this. That's why, although almost all the names of internet companies that are bigger than us have contacted us to ask if they are willing to accept acquisitions or strategic investments, we have been rebuffed.

So we also ask our partners to rest assured that pea pods will remain independent for a long time. The industry competition, which is about to become more intense after Baidu joins, also makes us more excited--apart from focusing on creating simple and loving products, in the competition, we also hope that the market and we wholeheartedly want to do good products, to provide users with a good experience of the team have a closer cooperation, so that good products can grow, Instead of watching the mobile internet go into another era of spell dad.