The back-and-forth banter and heated arguments between the two sides made the names of Jie Dian and Hong You, two shared power bank companies, well-known to countless onlookers.
It must be said that the power bank Zhang Long provided for Principal Wang is outstanding in both quality and appearance compared to many other manufacturers on the market.
In addition, Principal Wang's rapid pace of spending money on promotion allowed Hongyou to quickly expand to various cities, starting from Wanda Plaza in Shanghai, and directly defeating Jiedian, the former leader in the shared power bank industry, leaving it powerless to fight back.
It has become a new generation of shared power bank giant, and this giant has now attracted the attention and pursuit of various capital.
However, Principal Wang remained very clear-headed, and whenever he was about to lose himself in the vortex of capital, he would remember Zhang Long's warning.
Tencent, a well-known internet giant, has long coveted Red Grapefruit, and the two sides have begun secret negotiations.
The two parties quickly reached an agreement on two points: Hongyou's valuation of 6 billion yuan and the fact that Zhanglong's shares would not be diluted.
However, disagreements arose regarding the shareholding percentage.
Tencent's desire to acquire a 30% stake in one fell swoop is something that Principal Wang finds difficult to accept.
After all, Red Grapefruit has already shown signs of emerging from the shadows, and its valuation will definitely experience explosive growth in the future.
Selling even 1% more now would result in a loss. After more than ten days of arduous negotiations, the two sides finally reached an agreement.
Big Penguin holds a 17% stake in Red Grapefruit's Series A funding round and has the right to lead the next round of funding.
Having secured 1 billion yuan in funding from Tencent, Principal Wang has once again embarked on a frenzied money-burning promotional spree.
As it turns out, in this kind of game where money is the only thing that matters, those with money have the upper hand!
Driven by this series of events, Zhang Long's factory was also swept up in this commercial wave.
Initially, the factory was not large, but Principal Wang discovered that the products produced by Zhang Long's factory were of far superior quality to other power banks on the market.
He tried to find other manufacturers to produce it, but found that the quality was not as good as that of the red grapefruit, and the cost was higher. Who the hell can he complain to?
The reason we can't expand now is simply because the factory's production capacity can't keep up.
So he resorted to his old tricks, pestering Zhang Long relentlessly until he finally convinced him to add twenty more production lines, more than doubling the size of the factory from its initial size.
Zhang Long was both amused and exasperated, never expecting that his unintentional act would create a leading factory in the power bank industry.
The incident began as follows: major companies entered the shared power bank industry, and due to time constraints, some inferior manufacturers were also included.
These giants only care about market share and completely disregard product quality, resulting in a large number of inferior power banks flooding the market.
As the saying goes, if you walk by the river long enough, you're bound to get your shoes wet.
Soon, problems arose.
A young couple was dining at a hot pot restaurant when the boy gave the girl a brand new iPhone.
When her new phone ran out of battery, the girl remembered she had a coupon for a shared power bank, so she used it to charge her phone.
Unexpectedly, during the charging process, the iPhone's battery suddenly expanded rapidly, startling the girl into a panic.
The boy reacted quickly, unplugging the power bank, throwing the phone aside, and pulling the girl to a safe place, fearing the phone might explode.
This scene was captured by the restaurant's security camera.
The boy took the surveillance video to the mobile phone store to claim compensation. After inspection, the store's engineer determined that the problem was with the power bank, not with the phone itself. He concluded that the loss was caused by the customer's improper operation and therefore refused to compensate him.
So the young couple took the surveillance video and the certificate issued by the mobile phone store to the shared power bank operator to argue their case.
As expected, the two sides parted on bad terms.
On the advice of others, the young couple sued the mobile phone store and the mobile phone operator.
In order to avoid the matter being covered up and to make full use of the advantages of the vulnerable groups.
They also publicized the matter on platforms such as Weibo and Baidu Tieba, successfully attracting the attention of many onlookers, and also attracting many anti-fake bloggers who wanted to gain attention through this.
Principal Wang astutely seized this opportunity.
He has great confidence in the quality of his products and knows that this incident is both a challenge and an excellent opportunity for Hongyou to break through the encirclement.
A philosopher surnamed Gao once said, "As the saying goes, the bigger the storm, the more expensive the fish."
In the world of the internet, the first person to try something new often reaps unexpected benefits.
Soon, the first review blogger who dared to be the first to try something new appeared.
With the help of some people, his video quickly went viral across the internet.
Principal Wang also personally gave it a thumbs up and endorsed it.
In the video, the blogger tested all the shared power banks on the market and came to the conclusion that all other manufacturers' products were garbage, while only Hongyou's power banks were of high quality.
This video is practically a product showcase.
The blogger randomly clicked to buy from a nearby shared power bank, and the price was roughly 99 yuan.
Of course, the red grapefruit will be more expensive, reaching 138 yuan.
However, this is not a drawback. Soon, the blogger started complaining that he had clearly bought the power bank from Jie Dian, but unfortunately it did not have a charging port. In other words, he had spent 99 yuan to buy a disposable item.
Other manufacturers are much the same; a few occasionally have charging ports, but the quality is extremely poor.
The charging output frequency is very low, and there are also unstable factors involved.
In other words, overcharging this thing can cause significant damage to your phone's battery.
Finally, there's the power bank from Hongyou. This blogger bought a collaboration model with a famous anime character, and it looks very stylish.
Secondly, the frequency of power output is very stable.
It has all the necessary functions, so it's worth buying.
It must be said that the quality of a product often depends on the contrast with its competitors.
Following this, more and more video bloggers joined the review army in order to gain this wave of traffic, and the reputation of Red Grapefruit grew bigger and bigger.
However, as the saying goes, "the bigger the tree, the more the wind blows," and Red Pomelo soon attracted the siege of many giants, much like the scene when the six major sects besieged Bright Peak in the past.
Fortunately, Red Grapefruit has the support of the internet giant Tencent.
In the realm of public opinion warfare, Tencent is also quite adept, and it has never been afraid of anyone in lawsuits.
Although its shareholding in Hongyou is not high, Hongyou's outstanding performance has attracted the attention of its peers, which has made Tencent very concerned.
After a month and a half of fierce competition, Red Grapefruit has remained firmly at the top of the pack, as steady as an old dog.
Here at Huochai, I wish all my fellow book lovers a Happy New Year! May you sleep until you naturally wake up and count money until your hands cramp!
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