In the short term, there will be no obvious changes in Quxin's defense approval, but in the long run, users will be more accustomed to WeChat and Lashou.com.

Although Tengxun will consume a huge amount of funds in this process, it is still worth it for Tengxun if he can finally obtain the group buying market.

This is something that Alibaba's senior management cannot bear. If Teng Xun really takes this opportunity to control even part of the group buying market, then Alibaba's core lifeline will be threatened.

"I don't have a group buying website, Mr. Ning, I think you should find Wang Xing from Meituan." Zhou Yujie said with a smile.

Ning Zhihao frowned and said, "Mr. Zhou, although we don't have many Quxin shares in our hands, we have invested tens of millions of dollars. Even if we don't have any voting rights, Mr. Zhou, you have the obligation to explain to us why Mr. Zhou does not continue to seize the market at this moment when it is related to Quxin's fate.

Mr. Zhou, who is not worried about Meituan. If their funds are not enough, we Alibaba and Sequoia will continue to invest. Even if Wang Xing does not agree, we can introduce Wowotuan. The scale of Wowotuan is much larger than that of Meituan before cooperating with Mr. Zhou. Mr. Xu of Wowotuan is also very willing to cooperate with Mr. Zhou once.”

Obviously, people who know some knowledge of the Internet know that Quxin and Meituan are the decision-making party when the cooperation between Quxin and Meituan is the one with the right to decide, because Quxin controls traffic and there are many group buying websites, so Meituan is not necessary, but the only social software that can be influential is Quxin.

Before working with Quxin, Meituan could only say that it was around tenth in China. They didn’t advertise much, but they developed slowly on their own, and many people didn’t know its existence at all.

This time, Meituan took the Quxin shuttle bus, and its scale expanded rapidly, and it also gained full efforts from several software under Toutiao. It even had a link on Quxin's [Discovery Page].

This is naturally jealous for other group buying websites, but because of Teng Xun's influence, they dare not vote on Toutiao at will.

However, Tengxun acquired Lashou.com and then entered the group purchase force strongly, which triggered a terrifying surprise on the group buying website. All parties began to raise funds desperately to increase the ammunition in their hands.

Wowotuan is one of them. It previously invested 200 million US dollars, setting a record for group buying website financing, second only to Groupon, the founder of group buying websites worldwide. It was originally planned to use this fund to expand the market, but it encountered the cooperation between Quxin and Meituan. Now that Tengxun has ended, the senior management of Wowotuan is naturally worried. If they can cooperate with Quxin and the help of Baidu Alibaba, even if they cannot win Lashou.com, it will be enough to maintain their market share.

Alibaba has already communicated with Wowotuan. Now Alibaba’s first important thing is to prevent Tengxun from monopolizing the group buying industry.

Zhou Yujie glanced at Ning Zhihao and said, "Our Toutiao will not participate too much in the competition for group buying websites. This is not our business. Since the two are shareholders of Quxin, they naturally know that Quxin has won more than 10 million new users through this cooperation with Meituan.

At present, the total number of Quxin users has exceeded 30 million. Although this value has not reached the total number of smartphone users, it should be almost half. The rest is basically impossible to bring them in by group buying.

The expansion speed is too fast, which usually causes a lot of sequelae. Take Quxin as an example. Moments are originally a private dating space, but in order to gain new users, the setting mode of likes is not liked by many people, and some people even uninstall Quxin because of this.

In the past, there were enough new users, and it was not a loss to lose a small number of old users, but now new users are hard to obtain. Quxin’s current task is to keep new and old users with high-quality services, rather than burning meaningless money with a strong opponent.”

Ning Zhihao frowned and did not speak, while Xue Yongbo, who was standing by, agreed to remain silent. He now understood Zhou Yujie's idea. Quxin's previous cooperation with group buying websites was just to attract traffic to each other. Now the role of the group buying model is almost at its peak, so Zhou Yujie naturally cannot invest too much effort.

However, Xue Yongbo was still very happy. Zhou Yujie's layout and calmness were beyond his expectations. His cooperation with Meituan was amazing. Now Teng Xun was finally ready, but Zhou Yujie quickly retreated. He asked, curiously, he asked:

"Mr. Zhou, even if group buying is useless for Quxin, the cooperation model you created gives Teng Xun an opportunity to enter the group buying market. Once he really monopolizes the group buying market, Teng Xun's scale and traffic will become stronger, which is also a very big obstacle to Quxin's future development."

Zhou Yujie said: "I have considered this, but I have no choice. Sometimes I have a good idea and need huge financial support, so I can't do anything about it."

"Funds are not a problem, what method does Mr. Zhou have?" Ning Zhihao asked hurriedly.

Zhou Yujie said: "Teng Xun entered the group buying market this time, and the acquisition of Lashou.com alone cost nearly 1 billion US dollars. If he invested so much money or even more, then any group buying website on the market would not be a competitor, including Wowotuan. If there is not enough funds, the traffic will be even worse. If QQ directly attracts traffic, no one will be the opponent."

"In terms of traffic, I'm afraid no one can compete with Tengxun on the mobile terminal, and Baidu can't do it unless..." Xue Yongbo glanced at Zhou Yujie.

Current Internet giants have begun to discover the importance of mobile Internet, especially the rise of Toutiao.

Toutiao's traffic is on the mobile side, and it seems difficult to monetize it, but the cooperation with Meituan quickly expanded the scale of Meituan several times, which made countless people understand one truth: it is not that the traffic on the mobile side is useless, but that there is no correct method.

Just like Brother Gu, search engines have existed for several years, but there is no profit model. Teng Xundu went bankrupt several times in the past few years and couldn't even sell them. In the end, Ma Huateng could only grit his teeth and persevere.

Zhou Yujie, who is recognized by the venture capital industry as the number one entrepreneur in mobile Internet, has mastered enough traffic. AppTiao is the APP download portal. Toutiao has absorbed a lot of users' time, and Quxin is a social software with extremely sticky nature. The combination of the three is not even Tengxun dares to be careless.

Zhou Yujie smiled and said, "Toutiao's traffic is not as good as Teng Xun, even if it's just Teng Xun's mobile terminal."

Needless to say, everyone uses it. Due to the rise of Toutiao, many Internet giants have deployed mobile APPs one step ahead of their original history.

For example, Tengxun has launched Tengxun News. Although the model is still so old-fashioned and there are no big data recommendations, Tengxun has too many users. After attracting traffic, Tengxun News has become a powerful competitor of Toutiao.

Today's Toutiao is already using Quxin's traffic to strive to develop itself. Even if the recommendation algorithm is good, it will take enough time to grow.

Xue Yongbo said: "Then let's cooperate. I don't think Li Yanhong likes Teng Xun to control the group buying market. The purpose of our three parties is the same."

Zhou Yujie asked: "Then how do you want to cooperate?"

Xue Yongbo said: "We three parties have joined forces to generate funds and traffic, and jointly promote a group buying company to compete with Tengxun and Lashou.com."

Zhou Yujie asked with a smile: "Do you want to choose Meituan or Wowotuan?"

"Wowotuan." Ning Zhihao thought for a while and said, "Meituan has expanded a lot during this period, but they did not cover their business scope across the country before cooperating with Youquxin. We have no time now.

Moreover, Wang Xing has a strict control over Meituan's controlling rights. I have tried it last time, and he refused to raise too much financing. Wowotuan is much better. Xu Maodong is still very stunning. Unlike Wang Xing, he knows how to look at his own equity."

If you control the equity, that's the end... Zhou Yujie complained in his heart that many entrepreneurs have no financing experience in the early stage, are fooled by investors, or have too urgent demand for funds, which leads to the loss of the company's controlling rights. This is the real risk. For example, ofo actually has 5 vetos, and it would be strange if they don't die in the end.

Xue Yongbo nodded. They naturally liked investors who didn't care about equity, so they asked Zhou Yujie: "Mr. Zhou, what do you think?"
Chapter completed!