"Dear investors, I am the founder of Manzuo.com..."
"Dear investors, I am the founder of Dianping.com..."
"Dear investors, I am the founder of Lashou.com..."
"..."
I met with representatives from more than ten companies, three of which were group-buying websites.
Generally speaking, many investment companies are willing to invest in the entire sector.
Even if only one of them succeeds, they can make a fortune!
Therefore, at the investor meetings, group-buying websites basically all received investment.
In fact, the companies that are able to attend the investor meeting have all undergone rigorous screening, and each company has a good track record. Not just any startup can attend an investor meeting.
Investors' time is also valuable, and they won't waste it on unreliable projects.
...
In less than a month, hundreds of group-buying websites emerged in China.
In Zhao Ye's view, this number was actually nothing. After all, in his previous life, the group-buying war reportedly involved more than 6,000 companies, which was truly terrifying.
This is just child's play.
Zhao Ye wasn't afraid of competition at all; his side had too many advantages.
In terms of technology, capital, and distribution channels, no other company can compare.
Moreover, the mobile internet era is just around the corner. At that time, my company will be among the first to embrace mobile internet, and by leveraging mobile phone integration, it can directly crush other group-buying websites.
"The more frenzied the group-buying war, the better!"
"This can make the group-buying market more mature and make the market bigger!"
"Get consumers used to online shopping!"
The rapid development of the Chinese internet in its past was inseparable from nine major battles: the group-buying war in 2011, the e-commerce war in 2012, the online travel war in 2013, the ride-hailing war in 2014, the food delivery war in 2015, the bike-sharing war in 2017, the new retail cash-burning war in 2018, the "10 billion subsidy" war in the lower-tier market in 2019, and the short video war in 2021.
In Zhao Ye's view, after a major battle, everyone is just doing the work for themselves. Therefore, he is actually happy to see these major battles that require money and subsidies to be won!
(End of this chapter)
Continue read on readnovelmtl.com
