151 Meituan's Choice
Like Alibaba has 18 King Kongs, Wang Xing has been following 8 people from the establishment of the campus network to the Fanfu Net behind, and now Meituan Net. He has always followed 8 people, regardless of success or failure. This group of people is the group of people Wang Xing trusts the most, referred to as Meituan 8 King Kongs for short.
Of course, two people left, one of them was Zhang Yimin, who founded ByteDance in later generations.
"That's how it is. What do you think we should do?" It took only a few minutes for Wang Xing to inform all his subordinates about the incident.
"I think we have to figure out first. What is the purpose of Zhou Yujie investing us 10 million US dollars this time?" said Wang Huiwen, the financial director of Meituan.
"Quxin is currently confronting Tengxun's WeChat to compete for the social market of the mobile Internet. Judging from his cooperation plan with us, it is obvious that he wants to quickly attract a large number of new users for Quxin with the benefits of group buying.
In this process, we Meituan can also make a profit from it. This was originally a cooperation plan made by heaven, but the question is why he spent such a big price to invest in Meituan? Isn’t it better to cooperate with Lashou.com and Wowotuan, which have a larger market share than ours?
"Can't he be optimistic about our Meituan?" said another King Kong Chen Liang.
Wang Huiwen shook her head and said, "If Zhou Yujie is in charge of venture capital funds, or mature Internet companies, with stable business and funds in hand, then he is still the same as investing in Meituan.
But now their social software Quxin is facing suppression from Teng Xun, and the funds will never be enough. At this time, it is unreasonable to want to invest in our Meituan's 10 million US dollars."
"Will that be it because Zhou Yujie is optimistic about the cooperation model with us, so he wants to further bind his relationship with us." said Guo Wanhuai, who is in charge of marketing.
Wang Xing said: "I think we all think too simple. Last time Zhou Yujie came to Meituan to propose cooperation with me, I thought it was just this ordinary mutual promotion cooperation, and we could share the users of both parties."
"But now think about it carefully, what will happen after working with Quxin?
If Quxin benefits from this, what would Tengxun do?
Teng Xun's capital is far more than Zhou Yujie. After knowing that this method is effective, he will definitely follow the example, cooperate with other group buying websites, or even cooperate with several companies at once."
Chen Liang's face changed and he said, "So, if you want to cooperate with Quxin, you will make profits in the short term. In the long term, you will bring Tengxun in to help other group buying websites?
Among the well-known group buying websites, although Teng Xun has never invested in any of them, social interaction involves Teng Xun's bottom line. In order to deal with Quxin, they will definitely invest huge amounts of money to copy this model!"
Wang Huiwen frowned and said, "It seems that Zhou Yujie had planned to visit our Meituan this time. I thought he valued Brother Xing's management ability.
Now it seems that there is another reason he is looking for us, that is, our group all belongs to the Alibaba group, and everyone here comes from Alibaba, and our Meituan’s next financing is also negotiating with Alibaba.
If you cooperate with us, you won’t be attracted by Teng Xun, and it’s hard to say the other companies.”
"This plan is really deep." Chen Liang said: "In order to compete with WeChat for the social market, he wants to bring all the entire group buying website into it as a cushion!"
"It's not a question of backing up. Our group buying market is now chaotic enough. Sooner or later, there will be a final battle. Zhou Yujie's plan only advances the entire time point a little." Wang Xing sighed and said.
"But, Zhou Yujie's idea is really good, but this model is ultimately about capital. Why can Zhou Yujie feel that he can play Teng Xun?" Guo Wanhuai said in confusion.
"I don't know this, but since he is planning to pull the entire group buying market into the water, there should be a way to avoid head-on confrontation with Teng Xun." Guo Liang frowned and said:
"And if Quxin once again gained more social markets with this opportunity, I'm afraid Baidu, Alibaba and a bunch of venture capitalists will desperately give him money.
If Tengxun vigorously invests in group buying websites, then giants such as Alibaba and Baidu or other venture capitalists will increase their investment even more vigorously. This is a melee. Once it breaks out, then Tengxun wants to deal with it is not Zhou Yujie alone, but the capital of all parties behind the group buying website. This is his purpose, and to use the group buying website to pull all the capital behind it into the water."
Wang Xing nodded and said, "Indeed, the social market is too tempting. Even if the 1% chance can rise, Alibaidu dares to gamble, and the same is true for group buying. The capital behind it will not be given up at will. I really didn't expect that someone would accidentally get pulled into the fire pit."
Wang Huiwen shook her head and said, "Actually, it's not a hot spot. Since we have taken Alibaba's money, we are already investing in the group buying websites with Tengxun."
Wang Xing said: "Yes, it's too late to say anything now. We don't have a choice now. If we don't cooperate with Zhou Yujie, then he will also choose other group buying websites. We will be embarrassed by that time, because Teng Xun cannot cooperate with us.
By cooperating with him, we can also have the advantage of starting the game, first gaining fame among the user group, and the resources behind Quxin are even stronger than us, and the traffic itself is also very considerable. Zhou Yujie is also ambitious, so we can get a lot of help when we follow.
If you think about it carefully, this is also our advantage. We know that the group buying website will soon have a hot money war during this period, and Quxin and the capital behind him will also bear some of the financial pressure for us. What we need to do now is to find ways to raise more funds."
Wang Huiwen nodded and said, "This can also explain why Zhou Yujie is in a hurry to burn money quickly, because he knows that he must quickly open up his fame and attract new users for Quxin. Otherwise, when Teng Xun enters the market, his advantage will be gone.
And investing us 10 million US dollars is probably also trying to bind us deeper, so that we can have enough funds to accompany him to burn money and grab the market."
"So, have we agreed to his financing requirements?" Guo Liang asked.
Wang Xing glanced at Wang Huiwen, who was one of his right-hand men.
Wang Huiwen analyzed: "Since there is no choice, you might as well agree. The conditions proposed by Zhou Yujie are the least required among venture capitalists, without any performance requirements, no gambling agreements, no voting rights requirements, and reasonable valuation. Perhaps this may be because he hopes that we can quickly agree to his request, so he did not mention any conditions.
Moreover, since we, Meituan, have decided to focus on the mobile market in the future, the traffic currently controlled by Zhou Yujie can be said to be a newcomer to the mobile terminal. If he has Meituan shares, his traffic resources will also be tilted towards us. Alibaba and Sequoia cannot give this."
"Yes, traffic is our weakness. We need funds, half for subsidies, and the other half for traffic." Wang Xing nodded and said.
Wang Huiwen continued: "And there is another point that our financing negotiations with Alibaba are deadlocked. With this amount of funds, we can at least pretend that we don't have to be so anxious to raise funds. In terms of negotiations, we will have more initiative."
"That's true." Wang Xing nodded and said, "If it's not a lack of choice, I don't want to choose Ali."
For investment companies, Alibaba always wants to participate in operations or even acquire them, which has touched Wang Xing's bottom line. Fortunately, there is also a Sequoia Capital that can be used as a spare tire, but Wang Xing still hopes to choose Alibaba in his heart, because in terms of resources, Alibaba is still much better than Sequoia.
Wang Huiwen said: "But the only requirement is that Zhou Yujie can choose to increase his own shares in the future Meituan financing to ensure a 5% share. This requirement is rare."
Wang Xing waved his hand and said, "It's not an excessive requirement. He doesn't want management rights and voting rights. This should be to ensure his interests and prevent it from being forcibly diluted in the future."
Guo Liang said: "Actually, this also shows that Zhou Yujie is optimistic about our Meituan, or rather, he is optimistic about the group buying website he cooperates with, and does not want his shares to be diluted in the future."
Wang Xing nodded and said, "I don't know what Zhou Yujie is planning this time. Being able to suppress Teng Xun in the social field in the short term is really not just luck.
This layout is really OK. If Teng Xun really enters the group buying market directly, then Baidu Alibaba will definitely respond. In this way, most of the Internet companies will be affected."
Wang Xing thought for a while and said, "Old Wang, you go to Shanghai and meet Zhou Yujie in person to discuss the details."
"Okay, I'll book the next flight ticket immediately." Wang Huiwen agreed immediately.
Wang Xing nodded and said, "If the cooperation with Zhou Yujie has been negotiated these days, then starting next week, we will invest 10 million RMB each to promote it. Such a large amount of funds will definitely attract millions of users, and the server must be prepared."
Chapter completed!