After leaving 360, Zhou Yujie rushed back to the hotel and met Zhong Guangwei who came to Yanjing to tell him about his cooperation plan with 360.

After hearing this, Zhong Guangwei was overjoyed and said, "Mr. Zhou, with Baidu and 360, we finally don't have to worry too much about traffic."

Zhou Yujie shook his head and said, "Baidu and 360 are willing to cooperate with us, and it is also to use our energy to transfer Tengxun. Since it is a cooperation, they charge normally.

With such a large amount and the price is also very high, and the funds we have probably won’t last long. In addition, in order to increase user stickiness, we still need to cooperate with group buying websites. According to this situation, our funds may not be enough in a few months."

50 million US dollars is an astronomical figure for anyone, but it seems very difficult for the expansion of Internet companies, especially when their competitors are still Teng Xun.

Zhong Guangwei said: "Mr. Zhou, when it comes to group buying websites, do I really think about other websites when I analyzed several current giants? I think Meituan's scale is not even in the top three.

Dianping’s headquarters is in Shanghai, and it will be much more convenient if it cooperates with them.”

Zhou Yujie smiled and said, "This is not a matter of distance. I am more optimistic about Meituan. Wang Xing has a very rich entrepreneurial experience and a very good vision. Although his group buying website is currently at a disadvantage, I think it still needs to invest more resources in cooperation with him."

In the current group buying market, all the heroes compete for power, and even Teng Xun personally came to the stage and made the QQ group buying business. However, it is obvious that Teng Xun does not have this gene, and even if she is backed by QQ, she still has not done it.

The biggest group buying website platform on the market is not Meituan in later generations, but Dianping, Lashou.com, Wowotuan, etc. As for Ele.me, it is still trying to make takeaway, and there is no shadow at the moment.

These group buying websites, Lashou.com, are the largest. It is said that in the past 10 years, it has invested 550 million yuan in advertising. In the north centered on Yanjing, group buying advertisements of Lashou.com are everywhere on the street signs, and Dianping's territory is in Shangshou, and it is also widely promoted on the territory near it.

At this time, Meituan received US$1,200 in financing at the end of last year, while Dianping and Lashou.com's recent financing has reached hundreds of millions of US dollars. The gap between Meituan and several giants is very large.

However, as an elite figure who has started businesses several times, he has a very accurate vision to avoid the competition venues of group buying giants. He focuses on second- and third-tier cities. At the same time, he focuses on local group buying business. With his outstanding vision, he is optimistic about the future of mobile Internet. He invests all company resources in the mobile terminal, combines several advantages, and ultimately becomes the largest group buying + takeaway monopoly giant in the future.

"Okay." Zhong Guangwei didn't think much, and asked, "Would Mr. Zhou go to Meituan's headquarters in person?"

Where is Meituan’s headquarters?" Zhou Yujie asked.

Zhong Guangwei said: "In an office building near Zhongguancun."

"It's not far from us, when will the appointment be made?" Zhou Yujie asked.

"Tomorrow morning." Zhong Guangwei replied.

Zhou Yujie nodded and said, "Okay, then go and meet."

Zhou Yujie was also very interested in this entrepreneurial hero with mixed praise in his later generations.

...

The next day, Zhou Yujie, Zhong Guangwei and two other employees called a taxi and went to Meituan headquarters in Zhongguancun together.

Although Toutiao's other businesses are well-known in the industry, Quxin's valuation exceeds US$500 million. Meituan still attaches great importance to Zhong Guangwei's visit this time, and Wang Xing also came downstairs to greet him in person.

"Mr. Zhong, Mr. Zhou." Wang Xing smiled and greeted Zhong Guangwei and Zhou Yujie.

Zhou Yujie smiled and said, "Mr. Wang, I have long admired my name!"

Wang Xing said: "I don't have any big name, it's far worse than Mr. Zhou."

"Haha, I'm not a celebrity." Zhou Yujie said with a smile

"If you can't be considered a celebrity if you have a net worth of over 100 million US dollars, then few people dare to ask for this title." Wang Xing said.

Zhou Yujie said: "The so-called value is just a valuation. You also know how dangerous my main business is. It is really hard to say what the future will be."

"Mr. Zhou, we start a business, who is different? Just say that Meituan, several competitors are several times stronger than us, but in this way, we will have more fighting spirit." Wang Xing laughed.

"Yes, Mr. Wang is really ambitious." Zhou Yujie said softly.

Wang Xing was once an elite figure in Alibaba. Later, he resigned and started a business to establish Renren. However, because he lacked the ability to tell stories with venture capital, he was unable to sell Renren. He missed 10 billion.

Later, Wang Xing also established Fanfu.com. Although they failed, they also gave him rich experience, which also laid a solid foundation for the rise of Meituan in the future.

Wang Xing said, "Mr. Zhou, Mr. Zhong, please come in."

"Okay." Zhou Yujie nodded and entered the interior of the building with everyone.

Compared with Baidu or 360, Meituan is far different at present, and its headquarters is even worse than Toutiao's headquarters in Shangshanghai. There is only one floor of Meituan, and there are about one hundred employees in this floor.

But in just a few years, this small team will create an o2o giant with a market value of more than one trillion yuan, becoming an Internet giant second only to Tengxun and Alibaba, and even the former Baidu was left behind.

Wang Xing’s understanding of group buying can be said to be the number one figure in the entire Internet history. Even Groupon in the United States has only invented this model, but Meituan is the one who truly reduces operating costs to the lowest level.

Because there is no direct competition, Wang Xing generously introduced some of Meituan's current overview. Last year, there were 4,000 group buying companies in China fighting each other, but at that time, what everyone mainly did was physical group buying, that is, like Taobao's business, the group buying website gathered a large number of orders at one time, and then lowered the price to the suppliers to make profits.

Meituan is different. Wang Xing could see at a glance that there was a major problem with group buying of goods, that is, the shortage in logistics, and the later result was as he considered. Alibaba entered the group buying of goods, and with Taobao's innate advantages, it defeated all group buying websites in an instant.

Meituan's main positioning in the early stage was local life, namely catering, movies, beauty and hairdressing, etc.

Because of the two failures in the early stage of entrepreneurship, Wang Xing paid special attention to his equity and burning money. Therefore, even though Meituan was doing local life first, it is still surpassed by other group buying websites.

However, even if you don’t burn money, the initial large investment still requires a lot of funds. Meituan has only raised US$12 million once since its establishment, which is relatively insufficient. The capital market is very confused about companies like Wang Xing that are unwilling to burn money. At present, Meituan is only discussing the second financing with Alibaba.

After hearing the introduction, Zhou Yujie asked, "Mr. Wang, what do you think about our Quxin cooperation plan?"
Chapter completed!