Guazi used car since the day his sister got married.

He received 200 million yuan in financing, and later he invested another 1.5 billion yuan in this project.

It also introduced major investors such as Tong Zelan and Shen Nanpeng.

As of now, Guazi Used Cars has completed nearly 4 billion yuan in financing.

This is a huge amount of money for the entire used car industry.

Buying a car means losing money. The price of a new car is often reduced by 30% the moment you get it.

Used cars are exempt from purchase tax and have already been depreciated based on new cars.

It can be said that as long as you don’t buy an accident car or a water-damaged car.

Choosing a used car is still a very rational and cost-saving behavior.

The only thing holding back the industry is the issue of customer trust.

Many used car dealers buy back flooded cars at the lowest price and then sell them to customers at normal prices.

Over time, many people have lost trust in the used car market.

Chen Pingsheng’s requirement for Guazi Used Cars is to solve the customer trust issue.

Provide three guarantees for quality.

Once this problem can be solved, it will be no problem for the domestic used car market to support an Internet company with a market value of tens of billions.

After receiving his investment, Guazi Used Cars quickly surpassed its peers.

The fundamental logic of Internet companies is still very simple. The first step is to spend money in exchange for users.

Then use the huge user base to obtain large amounts of financing from the capital market.

Use capital's money to quickly eliminate opponents and thus establish new rules of the game.

Whether it is Didi or Meituan, it can be said that they both succeeded by following this routine.

The only difference is how much money is burned.

With his support, Guazi Used Cars has never encountered any decent competitors.

Those offline used car dealers are not enough for him to deal with.

Four billion is enough to dominate a niche market.

Guazi Used Cars, which has been in development for almost three years, is still a little short of making a real profit.

However, Internet companies have never determined their market value based on profits, but rather on user size and industry status.

Jiang Jia, the earliest co-founder of Guazi Used Cars, is also a classmate of his brother-in-law Hu Lin.

From the moment he received financing, his fate can be said to have undergone a drastic turn.

It is no exaggeration to say that Chen Pingsheng now has an industry status in the capital market that is no less than that of the two Mas.

He just stopped investing in those traditional small industries due to his status, but it does not mean that his voice in traditional industries has disappeared.

Guazi Used Cars was the first Internet project he invested in, followed by Meituan and Pinduoduo.

Jiang Jia set up the headquarters of Guazi Used Cars in Beijing, and also has a large branch in Shanghai.

She doesn't own many shares of Guazi, but as long as it can be listed, it will be worth several hundred million.

This is much better than working.

On the last day of February, she brought the Guazi team to Shanghai to meet Chen Pingsheng, the earliest angel investor of Guazi.

And submit specific operating reports for the past few years.

Even though Jiang Jia is already the co-founder of an Internet company, she is also the biggest female boss in the used car industry.

But she was still very nervous and uneasy when she came to see Chen Pingsheng, just like when she first wanted to get to know Chen Pingsheng through Hu Lin.

At that time, he was a film and television tycoon who controlled half of the entertainment industry's traffic and had top-tier celebrities.

Several projects he invested in later were able to go public in less than a year, which completely established his title as the top investor in the traditional industry.

He was also named the "Uncle on a Bicycle" on the Internet, which was because of his investment in the commoner school beauty Chu Qiuyan.

On the other hand, Guazi Used Cars is definitely the slowest growing among his investment projects.

Not only did they not make a penny in the past three years, but they also burned through billions of dollars.

Even so, no one has ever interfered with their specific operations.

Perhaps it is unnecessary at all. Given the current size of Tencent Film Group, it is unnecessary to invest in the catering industry or traditional retail.

I'm afraid people will accuse me of bullying children.

As he himself said, what is the traditional catering or retail industry.

The couple worked hard to save hundreds of thousands of dollars to open a small shop, working day and night.

As soon as he entered, he made hundreds of millions.

Ordinary people simply can't play it.

This is the real reason why the country issued a red-headed document to restrict Ali, JD.com, and food delivery groups from entering the vegetable selling field.

If such a large amount of capital is not restricted in competing with vegetable vendors for business, it will only allow the large capital to infinitely squeeze the living space of ordinary people.

Guazi was fine. From the moment it received financing, Chen Pingsheng’s requirement was to resolve customers’ crisis of confidence in used cars.

2018 is not only the last opportunity to cash out in real estate, but perhaps also the last carnival of capital.

He said that he would complete the listing and cash out of the melon seeds before the times changed.

Jiang Jia came to see him and carefully reported the specific operations over the years.

According to the data, Guazi’s sales account for more than half of the market share of Internet car sales.

It accounts for 15%, or one-seventh, of the national used car market.

Even if there is not a penny of profit with such data, there will definitely be no problem in valuing it at over 10 billion.

This is indeed the reality. Chen Pingsheng asked her to go to the Hong Kong headquarters.

Contact Guo Ziyi and Tong Zelan there and have them preside over the IPO financing of Guazi Used Cars.

Tengying Group has a very complete capital team in Hong Kong, and as long as the data meets the requirements, it will be able to complete the listing quickly.

This wouldn't be too surprising, after all, he is no longer the same person he was three years ago.

A large number of capital giants have taken root in the Tencent Film Group and grown into towering trees. It is really not too easy for them to push a few billion-level listing projects.

Only those who have not yet entered this circle will find this process extremely difficult.

Once the IPO is completed, Jiang Jia himself will be able to achieve financial freedom.

He also owns half of Guazi's shares, and how much he can cash out depends on the IPO value.

Chen Pingsheng ignored it.

This June, the world-renowned World Cup will kick off in Russia.

This is the world's number one sport and also the world's largest gambling sport.

By that time, no one knows how many people in the country will go crazy about it.

What a pity, Chinese football is definitely a world-class problem.

Every year we shout about entering the World Cup, and every year we are just spectators.

Zhang Wanyi came to see him with a document. "Uncle Chen, a member of the Football Association wants to arrange a match between Leicester City and the Chinese national team in Shanghai."

He invested tens of billions in England to qualify to buy a club, and then spent 1.5 billion to buy two world-class football players, Mbappé and Díaz, in Leicester City.

In last year's Premier League, his newly acquired Mbappé was in the lead and was also unstoppable in the Champions League.

Tengfei New Energy, which has also tied up with Leicester City for advertising, has gained considerable global recognition.

The same goes for the antler coffee that was added later.

"Arrange the national football team to play against them?"

Chen Pingsheng said strangely, "The Chinese national football team can play against a Premier League club. If we really play against them, wouldn't it be like kicking a child? The leaders want us to fake a game to boost the fans' confidence, right?"

"They didn't specify it, but they hope that Uncle Chen can take the time to talk to them in person."

"Forget it, just reject it!"

Chen Pingsheng said: "We should not participate in domestic football, and we don't need to have anything to do with them. I can't train a domestic football champion, but it is still possible to buy a world-class football champion in the club."

It was no big secret that he bought Leicester City.

Many people also regard him as a football fan, and the domestic football association often sends various invitations.

He didn't attend any of them.

Xu Daibei was very successful in domestic football, but when the tide receded, the situation was in chaos.

People in higher positions say every day that there is a lack of young people who like to play football in the country.

And down there, a mother with her child who loves playing football had to pay hundreds of thousands of dollars before she could join a slightly more formal local team.

And if you want to make progress, you have to keep paying money, which drives the child's mother crazy.

In the end, only children from rich families and leaders' families could afford to play football.

If this can be cured, it would be a miracle.

He has to admit that even with the golden finger, he can't play domestic football well.

This is even harder than talking to Qin Shi Huang.

Any big boss who goes in with full confidence will come out cursing.

Xu Daizi is an exception, so he is powerful.

(End of this chapter)