"It seems I underestimated the potential of bike sharing."
"I didn't expect it to develop so quickly."
"No, we need to act before our competitors realize what's happening."
"We need to capture more market share."
"It's time to launch our Series A funding round."
After hearing Jiang Manyue's words, Lu Fan slowly replied.
After the angel round, it's time for Series A funding!
However, generally speaking, angel round investments are around several million.
No one would be like Lu Fan.
In the angel round, they'll invest a hundred million US dollars!
Even the biggest investment banks wouldn't do something like this.
After all, when Wan Feng and Wan Jin first created the bike-sharing service, it was still in its infancy.
The business has not yet expanded.
If it were someone else, they would never have invested so much money like Lu Fan.
At most, it's only a few million.
Then, based on market feedback, they will consider whether to launch a Series A funding round.
In other words, Lu Fan possesses information about the future.
Otherwise, bike-sharing wouldn't have developed so rapidly.
It's worth noting that Lu Fan's angel investments are comparable to the Series C or even Series D funding rounds for many projects.
"Yes, that's what I think too."
"While those who follow the trend haven't become stubborn yet."
"We are further seizing market share."
"Honey, how many US dollars do you think we should invest this time?"
Jiang Manyue nodded in agreement.
However, she then asked another question out of curiosity.
Five hundred million US dollars!
After thinking for a moment, Lu Fan raised one hand and said slowly!
Upon hearing this, Jiang Manyue was immediately stunned!
"Five...five hundred million US dollars!"
"Honey, isn't this a little too much?"
Jiang Manyue said with some surprise.
Five hundred million US dollars, that's more than 3 billion Chinese yuan!
With such a large investment at once, are you able to manage it all?
"not much."
"On the contrary, I feel it's not enough."
"I plan to speed things up and make our bike-sharing business develop faster."
"Besides the four super first-tier cities of Dimo Guangnan, we should not overlook other first-tier cities and top-tier second-tier cities."
"Putting aside other things, just look at Foshan and Dongguan, their consumption power is absolutely top-notch."
"Therefore, in order to further seize market share, we absolutely cannot let go of those first-tier cities."
Even if you can't eat it all by yourself, you should still take the majority of the share.
"For a city, investing in 100,000 bicycles is essential."
Lu Fan said slowly.
Five hundred million US dollars is a lot of money.
But it also depends on how many cities there are!
There are so many first-tier cities and top-tier second-tier cities across the country.
Even if we only select ten cities.
So what if 100,000 bicycles were deployed in each city?
The amount of money required would be absolutely enormous!
One million bicycles, which is nine hundred million yuan.
And this is just the cost of the bicycle.
If you add in other expenses, it will definitely cost more than 900 million.
In addition, 150,000 bicycles are far from the limit for the four major cities of Dimo, Guangnan, and Nanchang.
According to Lu Fan's estimate, each of these four cities should be able to accommodate more than 600,000 bicycles.
This would require deploying 1.8 million bicycles to the four cities.
This is another huge expense!
Five hundred million US dollars really doesn't last long.
To be honest, Lu Fan felt that if development were truly allowed to proceed freely...
Even 1 billion US dollars might not be enough to stop it.
"You're right."
"Okay, I know what to do."
Jiang Manyue couldn't help but nod in agreement after hearing Lu Fan's analysis.
With her husband providing a detailed plan, Jiang Manyue found developing the shared bicycle business quite easy!
"Um!"
"By the way, have any copycats emerged in the bike-sharing industry now?"
Seeing that his beloved wife already understood, Lu Fan didn't say anything more.
However, he then asked the followers.
It has been almost three months since he invested in bike-sharing.
I believe some followers will soon emerge.
"It appeared a long time ago."
"I can't help but laugh when I think about those who follow trends."
Jiang Manyue nodded slightly.
However, Jiang Manyue couldn't help but laugh when she mentioned those who followed the trend.
"What's wrong?"
"What have those bandwagoners done that made you laugh?"
Seeing his wife laugh, Lu Fan became extremely curious.
"Honey, let me tell you something."
"You have no idea how brainless those who follow the trend are."
"Some people see how popular shared bikes are, and without doing any research, they just jump on the bandwagon."
"The bicycles they made were very cheap bicycles."
"The cost of a bicycle is less than 200 yuan."
"And then, just like you guessed before."
"The loss rate of these bicycles is too high."
"Hundreds or even thousands of bicycles are stolen every day."
"One of the followers suffered the most."
"We manufactured 10,000 bicycles as a trial."
"And then what happened?"
"In just ten days, he had five thousand bicycles stolen."
"I went directly to the police station to report the case."
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