"I see it's getting late, so we'll be going now. I look forward to seeing Mr. Lin again."
"Haha, I'm looking forward to it too."
The two walked out of the reception room together with smiles. When Zhang Yiming saw that the door to the reception room was open, he led everyone over.
"That's all for today."
"Sirs, let me see you off. This way, please."
After Lu Ping and his group left, Zhang Yiming looked at Lin Chen, whose lips were upturned, and asked.
"Mr. Lin, is it done?"
"That's right, we can start preparing to build the headquarters building. Did Xiao Wan come to the company today? How much money do we have in the account?"
"President Su didn't come today."
"Okay, then I'll give her a call."
At this moment, An Rou spoke up: "No need to fight anymore. I just asked her, and she said there are still about 500 million left."
"When did you two become so close?"
“When you went to Meidi, Xiaowan would come over to sleep with me.”
Lin Chen seemed to have been caught out, so he coughed twice and changed the subject.
"Well, I'll go upstairs to find Boss Lei first. Oh, by the way, let's go out for hot pot after get off work to celebrate."
Lin Chen ran upstairs to Lei Jun's office.
"Brother Jun, are you busy?"
"What's wrong, Brother Lin?"
"I have something to tell you. A high-ranking official just came to see me and said he wants to develop Xingchen Technology into a leading internet company in Shanghai. He also approved a piece of land for me, which I plan to use to build our headquarters. Should we build Xiaomi's headquarters there as well?"
“Great, that’s great! Haha, it saves me the trouble of bidding for land in Shanghai. Land in Shanghai is hard to come by.”
"We'll build a twin tower, one for Xiaomi and one for Xingchen."
Is this land big enough?
"That should be enough, right? Three hundred million for a plot of land, that's not a small place."
"That should be enough. I'll have someone transfer the money for the land purchase to Xingchen Technology's account."
"No rush, do you think I'm afraid you'll renege on your debt? Hehe."
"It's not that you're afraid I'll renege on the debt, it's that I'm afraid I won't be able to hitch a ride with you, hahaha."
After chatting with Lei Jun, Lin Chen went back to his office to prepare for going out for hot pot after get off work.
A few days later, the Shanghai government held an event called the "Selection of Outstanding Internet Companies in Shanghai".
This selection event was originally organized to announce Xingchen Technology as a leading internet company in Shanghai. The officials originally thought they would try to manipulate the results behind the scenes to ensure that Xingchen Technology would win first place.
Who would have thought that it was completely unnecessary? When all the data was tallied, Xingchen Technology was far ahead. When other companies heard that they were being compared with Xingchen Technology, they immediately offered their congratulations with curses.
At the end of the event, Lu Ping, Director of the Shanghai Municipal Bureau of Commerce, presented the awards, thus affirming the significance and importance of the event.
"Now, I announce that the winner of this Shanghai Outstanding Internet Company Award is Shanghai Xingchen Technology Co., Ltd.! Please welcome Mr. Lin, General Manager of Xingchen Technology, to the stage to accept the award!"
Lin Chen, dressed in a sharp suit, walked onto the podium, took the trophy from Lu Ping, and spoke into the microphone.
"Thank you to the Shanghai authorities for this award to Xingchen Technology. Xingchen Technology was founded and has grown in Shanghai. Along the way, we have received strong support from the Shanghai authorities. Once again, please allow me to express my gratitude to the authorities."
Lu Ping was very satisfied with Lin Chen's speech; the young man knew how to handle things.
Subsequently, major media outlets reported on the matter, with Shanghai's official media even describing Xingchen Technology as a leading internet company in Shanghai, on par with Baidu in Beijing, Alibaba in Hangzhou, and Tencent in Shenzhen. They even went so far as to say that BAT had become BATX!
This directly made Xingchen Technology a calling card for Shanghai's internet industry.
The land that the authorities promised Lin Chen was also secured. In an official auction, only four companies participated in the auction.
Apart from Xingchen Technology, the other three companies are clearly government-owned companies just by their names, such as China Construction and Shanghai Construction.
With a starting price of 250 million, after a "fierce" bidding process, Xingchen Technology ultimately won the land for 300 million.
Of course, Lin Chen understood what the official meant, and immediately exchanged contact information with the people from China Construction who came to bid, preparing to hand over the design and construction to them.
It can be said that after this incident, Shanghai has become the undisputed base of Xingchen Technology, and even Tencent can't do anything about it.
Speaking of TX, while Lin Chen was busy bidding for land, Lashou.com's performance plummeted. Wu Bo was so frightened that he rushed back to Beijing from Dongguan to take charge of Lashou.com's headquarters.
Finally, after some investigation, it was discovered that the coupons distributed by Huasuan.com and Taobao's big data during Singles' Day had an effect.
As group-buying platforms have developed and matured, merchants now typically post their group-buying links on several major platforms simultaneously, and the prices are all the same.
Therefore, what group-buying platforms are competing on now is subsidizing popular merchants to attract them to join exclusively.
For example, if a popular restaurant opens a new store in a city, a group-buying platform will approach it to discuss cooperation, and may even be willing to pay it, just to get the restaurant to be exclusively listed on their group-buying platform.
Because at this point, it's not the group-buying platform that brings traffic to the trendy restaurant, but rather the trendy restaurant that brings traffic to the group-buying platform.
The second point of contention is the subsidies offered to general merchants. Group buying platforms will select a group of merchants to receive limited-time subsidies based on the consumption habits of their users. This way, users can get a cheaper price on a certain group buying platform than on other platforms.
The practice of Huasuan.com and Taobao using big data to distribute coupons during Double Eleven falls into the second category.
Wu Bo happened to be busy conducting research in Dongguan during this period.
Well, actually, you can't blame him. Singles' Day is your online shopping business, what does it have to do with my group buying?
Besides, I worked so hard to build Lashou.com, and now it's sold. How can I not be heartbroken?
Most importantly, they call me "brother," what can I do about that?
But who would have thought that Lin Chen, who lacked any sense of martial ethics, not only launched a sneak attack himself, but also dragged Ma Yun into it.
There was no other way, so Wu Bo discussed it with Pony Ma and decided to also release subsidies to the market. Fortunately, Tencent didn't lack money.
The moment that money was poured in, there was an immediate response, and Lashou.com's market began to stabilize.
They've fallen into the awkward situation where all three parties are burning through cash.
Lin Chen thought to himself, "This won't do. When will this money-burning end? We can't do business that doesn't make money."
So he went to Zhang Yiming's office.
"Mr. Zhang, is the virtual shopping cart feature from Singles' Day still available?"
"It's hidden, but the code is still there, Mr. Lin. What's wrong? Do you still need it for Double Twelve?"
"We haven't thought about Double Twelve yet. Let's add this product to the group-buying platform first."
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