After leaving the Toutiao headquarters, Zhu Xiaohu directly asked the driver to drive to the Four Seasons Hotel. Ofo's founders David and Zhang Yiding have been waiting here for a long time.

Seeing Zhu Xiaohu come back, David immediately went forward and asked, "Mr. Zhu, how are you?"

Zhang Yiding behind him also looked at the same expectation.

Zhu Xiaohu smiled and said, "It was successful. Zhou Yujie agreed to the investment, but the entrance to Quxin was not reached."

"It would be great to be able to invest in Zhou Yujie. Quxin entrance is just our fantasy." David shook his head and smiled: "As long as we can develop rapidly in the future, when shared bicycles become one of the necessities of people's lives, Quxin's local life entrance will definitely introduce our links."

"Okay, confident." Zhu Xiaohu patted David on the shoulder and said, "Zhou Yujie didn't say anything to death. He just said that it is impossible now. In the future, the words can really reach the level of your words. Then Quxin's local life will definitely be open to you."

Quxin's discovery page has a link to local life, which is only below the circle of friends, with very large traffic. There are today's preferred products, including glutinous rice group purchase and movie ticket purchase, Didi, mutual insurance, Ctrip travel and other businesses, partly belongs to headlines and partly to third parties.

If any application is placed in this position, the number of visits per day is enough to increase the level of millions.

David nodded and said, "When will the funds be received?"

During my internal entrepreneurship in the school, because all the bicycles belonged to other students and there was no investment cost, the cost of asking other students to promote was also very low. However, after leaving the school, it was another matter.

First of all, you have to buy a bicycle by yourself, and hiring someone will not be calculated based on the hourly rate. Many people have to sign formal contracts, pay social security, and employees have to pay the same salary even if they don’t live.

After a few months of hard work, millions of yuan were spent. Although more than half of the first financing was still available, the speed of burning money still forced David to make another financing.

Zhu Xiaohu smiled and said, "It won't be very slow. Zhou Yujie believed in Jinshajiang Venture Capital, so he agreed on the spot, but he will definitely investigate it himself in the future. One is to look at the market and the other is to look at your company. As long as there is no big problem, the funds will be deposited soon."

"Then I'll be relieved." David nodded and said.

Zhu Xiaohu said: "If the funds are received, you can immediately visit the senior executives of Toutiao. Zhou Yujie personally agreed to the investment. There will definitely be a certain amount of face there and strive to let Toutiao calculate a set of accurate advertising push algorithms based on your needs."

"Okay, understand." David nodded.

Toutiao's big data algorithm is the first in China, and the same is true for advertising. If there is a set of scans that are interested in cycling, then for ofo, it is not only as simple as saving money, but more importantly, it can save more time and go the farthest on the shared bicycle track.

...

Toutiao's investment team finally recognized this business model after half a month of market analysis and research on ofo. Subsequently, the two parties signed a financing agreement, and Toutiao obtained 20% of ofo's equity with US$10 million.
Chapter completed!