Reborn in 1984: Starting with the Development of Chinese Character Cards, Chapter 352: Qingju Bikes. In fact, Wujiang Group's foray into bike sharing is not about making money, but mainly about supporting green travel and making things convenient for everyone.

Of course, the launch of ride-hailing apps and bike-sharing services can not only improve their own ecosystem and become a daily function for platform users, further consolidating their traffic, but also serve to some extent the map, navigation and other services related to travel, continuously forming a stable business base.

Therefore, even if bike sharing is not profitable, it is still possible to continue doing it.

Soon, the video call from Jie Youwei, the person in charge of the shared bicycles, was connected.

Zhao Ye immediately started chatting with her, discussing the problems that the development of shared bicycles would face.

As the person in charge of the project, Jie Youwei has clearly done in-depth research and has provided some solutions.

"Chairman Zhao, I think we should start from the following aspects."

First, establish a sound deployment management system, employing scientific algorithms and data simulations to rationally allocate vehicle density and quantity. Before deployment, surveys and assessments should be conducted based on factors such as population density and traffic conditions in each region to rationally plan the scale of vehicle placement.

Second, establish a comprehensive vehicle maintenance and supervision system to strengthen the monitoring and maintenance of vehicle conditions, and promptly detect and address vehicle malfunctions and damage. For acts of malicious vandalism and theft, companies should strengthen security insurance and protection, and, while undertaking comprehensive supervision and maintenance, rigorously pursue the perpetrators.

Third, conduct public education campaigns to promote vehicle rules and civilized driving practices. For uncivilized behaviors, punitive measures should be taken, such as deducting credit points and deposits.

Upon hearing this, Zhao Ye nodded repeatedly. Of course, in practice, it would be quite difficult to implement.

"Mr. Jie, your idea is excellent. Let's do it your way!"

"Okay, Chairman Zhao!" Jie Youwei was very excited and happy to receive Zhao Ye's approval, and she was also full of expectations for the work ahead.

Jie Youwei is very confident that shared bicycles will become popular all over China, thereby promoting the goal of "green travel and low-carbon living".

In recent years, the impact of vehicle exhaust emissions on the environment has become increasingly serious, and many countries have begun to pay attention to environmental protection. China is no exception.

The emergence of shared bicycles has changed people's perceptions, provided convenience for travel, and is also conducive to protecting the environment and saving resources, which is of great significance!

...

Wujiang Group's shared bicycle brand is called "Qingju Bike". Jie Youwei's team plans to start by deploying in first-, second-, and third-tier cities, and then expand to small counties after "Qingju Bike" becomes more well-known.

Because "Qingju Bike" is a product of Wujiang Group, it easily received strong government support. Without competitors, Qingju Bike expanded rapidly, striving to create the most comprehensive parking network between cities!

By mid-July, Qingju Bike's deployment was basically complete.

Millions of shared bikes have been delivered to warehouses in various cities, just waiting for the "Qingju Bike app" to be launched so that they can be distributed immediately.

On the evening of July 20th, Wujiang Group held a press conference to officially launch the "Qingju Bike app".

The announcement caused a stir at the press conference and also shocked and excited netizens.

Many people were wondering why so many streets in the city had been renovated recently, with parking spots marked out. It turns out these are designated parking spots for shared bicycles.

"Wow, this is great! Getting around will be so much more convenient! If the distance is short, we can ride a shared bike, which is much cheaper than taking a taxi!"

"Green travel not only provides exercise but also reduces environmental pollution! Qingju Bike is truly a great project and deserves our support!"

"I think the idea of ​​bike sharing is absolutely brilliant; it has improved the 'last mile' problem of urban transportation. In traditional public transportation systems, people usually need to walk to their destinations, but the emergence of bike sharing fills this gap!"

"..."

Online, countless people are praising the idea of ​​shared bicycles.

Of course, some smarter people have also seen the development potential of bike-sharing.

With a population of over one billion, short-distance travel and healthy travel are essential needs in China.

So, another opportunity has arisen!

The technology industry and investment community are going crazy over it.

After careful calculation, they concluded that bike sharing has a promising future.

Firstly, there's the deposit for shared bikes. Users can withdraw this money at any time, but generally, if they still want to use shared bikes, they usually won't withdraw it. These deposits become a huge cash flow for shared bike companies. These funds can be used for expansion or investment, generating astonishing returns through capital operations.

Secondly, the cost of each ride is also quite substantial.

Another advantage is the massive user traffic; by monetizing that traffic through certain methods, one can make a fortune.

...

After learning about bike-sharing, Sequoia Capital President Don Valentine's expression shifted, and he immediately told his subordinates, "Contact Wujiang Group immediately and inquire whether Qingju Bike needs financing!"

Wujiang Group began to change its approach several years ago, no longer trying to monopolize profits. Therefore, the listing of Qingju Bike has given many investment institutions hope.

Goldman Sachs, Morgan Stanley, Merrill Lynch, Shenzhen Capital Group, Hillhouse Capital, IDG Capital and other major global capital firms have also taken action.

Major internet companies in China couldn't help but feel envious and jealous of Wujiang Group once again.

After watching the press conference of Wujiang Group, Ding Lei of NetEase and a group of senior executives remained silent for a long time.

"Wujiang Group is amazing! I feel that since its establishment, Wujiang Group has always been leading the trend of the times. Every opportunity has been brought by Wujiang Group, and this time is no exception!"

"Don't underestimate a small shared bike; it holds immense potential!"

"Bike-sharing companies make money through various means, including rental income, advertising revenue, parking fees, access fees, data service fees, deposit interest, and fence rental fees. Therefore, Qingju Bike's market value is at least one billion US dollars!"

"Once it reaches a large scale, its valuation could even exceed tens of billions of dollars!!!"

"However, given the strength of the Wujiang Group, it probably won't be long before Qingju Bikes can be seen all over the country..."

A NetEase executive clicked his tongue and remarked, "Even NetEase doesn't have such a high valuation now. How can one not be envious?"

Upon hearing this, Ding Lei nodded, then stood up and said to everyone, "Let's go, Wujiang Group said that Qingju Bikes is going public today, let's all go outside and experience the charm of shared bikes!"

"Great! I've been looking forward to it for ages!" Everyone nodded and laughed.

...