Everyone followed Chen Ze into the office area, and the employees greeted him politely.
As Chen Ze led everyone on a tour, he explained the company's plans and philosophy.
Wang Jianhua listened and nodded from time to time, showing great approval of the young man's business acumen.
After a brief tour, Chen Ze led them to the 21st floor to visit the Panda Takeaway Company.
"Xiao Chen, your company caused quite a stir recently. Several high-ranking leaders in Beijing have verbally criticized the company. Making money is fine, but don't go too far. You know how hard those delivery riders work to make a living."
"Uncle's criticism is correct, I will definitely change in the future."
Hearing Chen Ze's sincere apology, Wang Jianhua's face showed a hint of relief, and he nodded slightly to express his satisfaction.
He then changed the subject, asking about the company's operations: "I heard from Siyu that the company seems to be still in a loss-making phase. Is that true?"
Chen Ze nodded solemnly and replied, "That's true. At this stage, we are mainly facing fierce price competition with Ele.me in Shanghai. In order to attract more merchants to join us..."
“We have to provide high subsidies; at the same time, due to the large number of riders, the monthly wages paid to them are nearly 150 million RMB. These two huge expenses have put the company’s financial situation under pressure.”
After a moment of contemplation, Wang Jianhua offered his advice: "If we are to wage this business war, the best strategy is to quickly decide the outcome. If we get bogged down in a protracted war, only both of you will suffer losses, while others will benefit."
Chen Ze sighed helplessly, his face full of worry, and said, "It's not easy to defeat Ele.me in one fell swoop! I got information from my subordinates that they have been frequently contacting Alibaba Malaysia recently, and it's highly likely that they are seeking new investment support."
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