Chapter 428 Breaking through 20 million, shocking competitors! Wang Xin’s tenth entrepreneurial venture!
On June 1, Wang Xin reluctantly signed the equity transfer agreement and declared that he no longer had any relationship with Meituan.
Sequoia Capital and Ali took the opportunity to withdraw and sold their shares to Sanpower Group. However, under the deception of Zhao Yafei, General Atlantic chose to continue holding.
After all, Sanpower Group's business spans multiple fields including department stores, e-commerce, property leasing, medical services, Internet matchmaking, real estate, art finance, etc., with total assets of more than 50 billion yuan.
With strong strength, it may be able to push Meituan’s market value to a higher level.
It has to be said that General Atlantic is indeed taking a gamble.
When Shen Nanpeng left, he looked at Wang Xin deeply. He knew in his heart that he had lost the bet.
Wang Xin and Meituan did not survive to the end. The winner of the “Thousands of Groups War” may be Baidu or Kuaishou.
As for Sanpower Group, although it seems powerful, it cannot exert its full strength online due to its too diverse businesses and is destined to be a "savior".
Ji Gang was even more straightforward and just turned around and left.
In his opinion, Wang Xin's greatest contribution to Alibaba was to sell Meituan ahead of schedule, making his performance report look better.
Because investing in Meituan was one of the most wrong decisions Ali made in recent years.
Wang Xin has neither the ability nor the character!
Ji Gang has not forgotten the incident when Wang Xin teased Ali before.
"Mr. Wang, it's a pleasure working with you. I'll still be able to trouble you with the project handover in the next month."
Zhao Yafei stretched out his right hand and said with a smile.
"Mr. Zhao, that's how it should be." Wang Xin forced a smile and agreed readily.
Since the money has not arrived yet, he naturally has to cooperate with the other party's merger and recruitment.
Sanpower Group's acquisition of Meituan is mainly to expand its online business, build an O2O e-commerce platform, and find new profit growth points.
For Zhao Yafei, the price of 180 million US dollars is not expensive.
Ten minutes later, after Wang Xin sent Zhao Yafei away, he slumped in his chair as soon as he returned to the office, his face full of dejection.
"Old Wang, call Chen Peng and the others in."
Wang Xin took a deep breath and said in a deep voice.
"Brother Xin, once we get the money, we can completely change our track and avoid competing with Senlian Capital. Next time, we will definitely win."
Seeing that the elder brother looked lost, Wang Huiwen hurriedly tried to persuade him.
"Go ahead." Wang Xin waved his hand.
Including Meituan, he started a total of nine businesses, but failed nine times.
Frankly speaking, he had lost confidence in himself.
Wang Huiwen sighed, turned around and walked out the door, calling the other three founders of Meituan and returning to Wang Xin's office together.
"I'm sorry, Meituan lost again and disappointed everyone." Wang Xin bowed deeply.
He knew very well that Wang Huiwen, Shen Peng and others followed him to work hard in order to achieve financial freedom. These four people in front of him were "his own people" in Wang Xin's eyes.
"Brother Xin, at worst we can start over again. I believe in you." Wang Huiwen is a loyal follower of Wang Xin and responded immediately.
"Brother Xin, the group purchase approach doesn't work, let's try another one. There's no reason why we can never win." Shen Peng shrugged.
"I have negotiated with Sanpower Group and the sale price is 180 million U.S. dollars, so you can cash out tens of millions of yuan for your shares."
Wang Xin smiled knowingly and spoke slowly.
At this time, his shareholding ratio is 46.1%, and he has made the most profit, with an estimated revenue of US$83 million.
Although Meituan failed, it earned tens of millions of dollars more than Xiaonei.com did back then.
Wang Huiwen, Shen Peng and others looked at each other in bewilderment. The profit of several million Huayuan was dozens of times lower than expected.
But they knew in their hearts that if they didn't sell the company, they might not even get those millions.
"Alas." Someone was the first to sigh.
Then, it was as if emotions were out of control, and the room was filled with pessimism.
Wang Xin took out a cigarette and lit it as if no one was around.
The remaining few people pulled up a chair, smoked cigarettes, and brainstormed about their next entrepreneurial project.
For a moment, the office was filled with smoke, like a bathhouse.
"How about we just do e-commerce? Pinbei has become the second in the industry in less than two years. The market potential is amazing."
"Pinbei has first-level traffic entrances from WeChat and QQ. Do we have them? Relying on buying traffic to acquire customers has high costs and low retention. How can we compete with Yaomao, Pinbei, and Dongpin?"
“What about car-sharing?”
“Maintenance is difficult and the payback period is long.”
"Entering the mobile gaming industry? Mobile Internet is developing faster and faster, and the number of smartphones in use has increased by hundreds of millions compared to the previous two years. I think this is a good blue ocean market."
“It’s better to do P2P and build a platform. You can make a lot of money just from the platform service fee and interest rate difference, not to mention the advertising and data service income.
I have done some research and found that the loan interest rate is generally between 8% and 15% per annum, while the investor return is between 4% and 8% per annum, which means that at least 4% to 10% gross profit can be earned, which is much easier than group buying. ”
Several people were discussing at once.
4% to 10% gross profit?
If the platform lends out 100 billion yuan a year, wouldn’t it be able to make a maximum of 10 billion yuan?
Wang Xin narrowed his eyes, a hint of excitement appearing on his face.
It’s just lending money. Even Ali is doing it, so why can’t I do it?
Wang Xin doesn't have any psychological burden. Making money is not shameful.
He thought for a moment, looked at Wang Huiwen and said, "Old Wang, what do you think?"
"I don't know much about the P2P industry." Wang Huiwen answered very cautiously.
"Brother Xin, Mr. Wang, I have studied the business model and operation of P2P in depth. First, find a few big-name celebrities to endorse it, and then find a few shopping guide websites to attract traffic. It will be easy to sell billions of product shares in a month."
Shen Peng said with a smile, he saw through Wang Xin's little thoughts.
In fact, he was not talking nonsense. Paipaidai, Hongling Venture Capital, CreditEase, Renrendai, and Lufax all do this. If they expand into micro-loan and merchant loan businesses, they will definitely make a lot of money.
The P2P industry in 2013 was in a period of wild growth and was still two years away from reaching its peak.
Born in 2013, flourished in 2015, died in 2019, and buried in 2020.
Some people make money, some people lose money, some people go in, some people go out.
But in any case, Shen Peng was right about one thing: P2P was a sunrise industry in 2013, and it also conformed to the development trend of the "sharing economy."
"Let me think about it. Do you have any other ideas?" Wang Xin asked again.
"Brother Xin, the economy has grown very fast in the past two years, and the income of white-collar workers has also increased rapidly. I think the market prospects of the wine travel industry are good. We can start with vertical categories and form differentiated advantages."
Wang Huiwen glanced at Shen Peng secretly. He did not approve of engaging in P2P business.
The interest rate of 8%-15% is too high. Are there really so many people borrowing money?
He doesn't believe it.
"Hotel and travel? There are already Ctrip, eLong, Qunar and Tongcheng.com. The competition pressure is no less than that of the group buying industry. Moreover, Kuaipao has been poaching people crazily recently. It is said that all of them have gone to the hotel and travel department."
Wang Xin frowned and shook his head to refuse.
At present, only the proposals from the P2P and mobile gaming industries are the most reliable.
at the same time.
After Chen Yansen finished chatting with Yu Xianyang, he had nothing to do, so he took him to the R&D laboratory of Tiangong A100.
"Mike, Old Wu!"
As soon as Chen Yansen entered the door, he shouted to Mike and Wu Shengyu.
Hearing this, the two of them subconsciously looked up at the door, only to see Chen Yansen walking in with a middle-aged man in his thirties.
"Old Yu, this is Mike Keller, the chief designer of Tiangong Chip, and your direct supervisor. This is Wu Shengyu, the senior chief engineer of Tiangong Technology."
Chen Yansen personally introduced Yu Xianyang to the two of them.
Mike Keller and Wu Shengyu immediately understood that the technical level of the person in front of them should not be low, otherwise Chen Yansen would not have come along.
"Yu Xianyang, former NVIDIA senior engineer, now senior senior engineer of GPU design department of Tiangong Technology. It's a pleasure to meet you two."
Yu Xianyang took the initiative to speak.
"Mike, I'll leave this to you. Please improve the architectural design of Tiangong A100 as soon as possible. I've reviewed your and Lao Wu's proposals. There are no major problems and the ideas are correct."
Chen Yansen patted Mike on the shoulder and warned him in a serious tone.
"Boss, please rest assured that our R&D capabilities are not inferior to Apple's. If your requirements were not too high, Tiangong A100 would have entered the tape-out stage."
Mike lowered his body to make it easier for Chen Yansen to attack. He had a flattered expression on his face, but he was complaining.
He was full of admiration for Chen Yansen, but also had a lot to complain about.
"Good food is never too late, why rush?" Chen Yansen said nonchalantly.
Mike is a straight-talking person. Every time they meet, he wants to say something to his boss, but he turns around and tells everyone he meets: "Chen Yansen is my mentor."
After arranging things for Yu Xianyang, Chen Yansen walked back.
"Xiao Zhang, I don't suggest you quit your job. Think about it yourself. How many rounds of interviews did you go through to get into Orange Pay? Was it easy? What difficulties did you encounter? Tell me about it. What if I can help you solve them?"
Next to the park fence, Zhang Baofeng gave earnest advice.
"Brother Zhang, the company's treatment and benefits are good, and my colleagues are very nice. It's my personal problem."
Zhang Peng opened his mouth and was about to say something, but he swallowed the words back and changed his words.
Chen Yansen stopped and glanced at Zhang Baofeng, knowing that he was the head of the NFC payment development team.
He thought for a moment, then turned around and walked over.
Zhang Baofeng caught a glimpse of Chen Yansen from the corner of his eye, and quickly leaned forward, smiling and greeting him, "Boss."
“What is the development progress of NFC payment function?”
Chen Yansen asked casually without paying any attention to Zhang Peng.
"It has just finished, and the next step is testing and equipment adaptation work." Zhang Baofeng replied immediately.
This kid has some sense of responsibility, but not much.
He wants to resign as soon as the project is completed.
"Want to chat for a while?" Chen Yansen asked Zhang Peng.
"Boss, I..." Zhang Peng stuttered. He hadn't recognized that the big boss in front of him was the 'idler' whose every word was so heartbreaking that night.
"Boss, I'll go back first." Zhang Baofeng suddenly realized and thought: No wonder this guy doesn't cherish the job paid by Chengzi, it turns out he knows the boss.
After Zhang Baofeng walked away, Chen Yansen smiled and joked, "If you lose your job, how will you support your big sister?"
"How do you know?" Zhang Peng was stunned at first, then asked in amazement.
But he was not stupid, and he quickly realized that Chen Yansen was the "colleague" who loved to listen to gossip.
"You didn't finish last time, go on." Chen Yansen waved his hand.
"Boss, how old is your ex-girlfriend..." Zhang Peng asked cautiously.
"Who gave you the courage to casually inquire about the boss's privacy?" Chen Yansen said with a stern face.
Oh shit!
Then why are you asking me?
It turns out that you are a double standard spokesperson!
Zhang Peng was dumbfounded and complained secretly.
But he thought for a moment, and finally told everything, then looked at Chen Yansen with hope.
"Go write your resignation letter."
Chen Yansen said lightly.
Before Zhang Peng could show any joy on his face, he added: "What's the difference between a man without money and a stray dog on the roadside?"
Zhang Peng's expression froze, and he asked weakly, "Boss, can you transfer me back to Shanghai?"
"Are we familiar with each other?" Chen Yansen asked with a smile.
"I am your employee." Zhang Peng said shamelessly.
"Who recruited you? I'll fire him too." Chen Yansen said bluntly.
Zhang Peng laughed awkwardly and leaned against the fence in silence.
"Make your own decision, or change your thinking and give your father a grandson," Chen Yansen joked.
The reason why he was willing to talk more with Zhang Peng was simply because he saw his own shadow in the other person.
"Grandson?" Zhang Peng stood there in a daze, pondering.
When he looked up again, Chen Yansen had already left.
The old man got married after being pregnant. He doesn’t want a son, but does he also not want a grandson?
Thinking of this, Zhang Peng wished he could take leave immediately and return to Shanghai to have a baby.
The other side.
After having lunch at the company, Chen Yansen went home after get off work.
Anyway, it's Saturday, and except for a few project teams working overtime, most people are on vacation.
Not long after, a Ghost drove into Xucheng Avenue.
At the same time.
Lei Yijun, together with Li Wanqiang, Lin Bing and others, held a small celebration party at the Xiaomi headquarters building to congratulate the Redmi 1 for selling 2 million units in total. Together with the sales of Xiaomi 2S and 2A, the total sales reached 2.7 million units, completely crushing 360 mobile phones.
"Based on the current sales rate, it is estimated that by the end of the year, Xiaomi's annual shipments will exceed 15 million units!"
Lei Yijun stood in front of the podium in the conference room and said excitedly.
Last year, Xiaomi only sold more than 7 million units. At the beginning of the year, he made a bold statement that he would double this number, but was ridiculed by Zhou Hongyi.
15 million units is just a conservative estimate. At this moment, Lei Yijun even wanted to shout out the number of 20 million units, but he held back.
"Ali, come over and have a drink?" Lei Yijun shouted when he saw Li Wanqiang sitting in the corner.
"Mr. Lei, the official WeChat account of Orange Technology announced the total sales of Qingcheng D2 five minutes ago."
Li Wanqiang swallowed, looking shocked.
"How much?" Lei Yijun asked curiously.
"20 million units!" Li Wanqiang said word by word.
Lei Yijun, Lin Bing and others, who had originally looked happy, suddenly lost interest in celebrating.
You know, Qingcheng D2 has been online for less than 80 days, and it sells 250,000 units every day.
The sales volume is so fucking scary!
There are many people who share the same idea as Lei Yijun. Mobile phone manufacturers such as Coolpad, Lenovo, ZTE, OPPO and Meizu could not help but fall into deep thought after seeing the battle report of Orange Technology.
(End of this chapter)
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