Han Gengzhu stood up straight like a pine tree, gave a concise self-introduction, and said, "Mr. Wang, you must have heard of Sequoia Capital's illustrious reputation. I won't beat around the bush. We're here today to invest in Panda Takeaway. I personally have a strong affinity for this industry."
"Mr. Han, I am naturally aware of your company's reputation, but Panda Takeaway currently has no plans for financing, so you might..."
Han Gengzhu abruptly raised his hand to stop him from continuing, his face so dark it seemed like it could drip water.
He said in a deep voice, "I think you need it. If I'm not mistaken, you're engaged in a fierce price war with Ele.me, aren't you? Mr. Wang, if you don't accept my investment, what do you think the consequences would be if I switched to Ele.me?"
His words were like a sharp sword, piercing the other party's vitals, the threat overflowing, as if he would immediately overturn the table if the other party did not agree.
Wang Kaicheng raised the corners of his mouth slightly, revealing a faint smile, and said casually, "It's our boss's decision not to raise funds. As for which company you want to invest in, that's your freedom, and I'm not interested in that."
Han Gengzhu abruptly stood up from his seat, his hands gripping the table like iron clamps, staring coldly at him, and said sternly, "You will regret the decision you made today."
After saying this, he turned and left resolutely, with his two assistants following closely behind him.
"Mr. Wang, isn't it a bit inappropriate for us to offend Sequoia Capital like this?" Secretary Yang Jiali asked worriedly.
Wang Kaicheng said nonchalantly, "This is China, not the United States, so what's there to be afraid of?"
He took out his phone and sent a message to his boss about what was happening there.
The boss quickly replied with two words: "It's nothing."
Wang Kaicheng looked at Secretary Yang and said, "Go and notify the management of all departments to attend a meeting in the conference room."
"Okay, Mr. Wang."
A moment later, in the conference room, Wang Kaicheng sat in the main seat and glanced at everyone.
"Ahem!" He cleared his throat. "President Yun, to what extent is the company currently subsidizing consumers?"
Yun Ruoxi said, "Now the price of a chicken leg has been subsidized to just one yuan, which means you can buy one. The subsidy level has reached 99%."
"President Yun, we can't always be on the defensive; we should think more about methods and strategies."
"Currently, any user who orders food on the platform for two consecutive days will receive a free beverage with each meal. This is a new marketing strategy launched by our operations department," Yun Ruoxi said.
Wang Kaicheng nodded: "This is a good idea, but are these drinks expensive? Won't it become a financial burden for us?"
"Mr. Wang, we cooperate with several beverage companies. Our company promotes new beverages for them for free. The first 10,000 bottles are free, and when the volume is large, they provide them to us at one yuan per bottle."
Wang Kaicheng thought for a moment and said, "This price is acceptable. Continue with the plan. The company still has 300 million yuan in its account. If you find a good way, give me more incentives. The boss said that even if we can't crush Ele.me, we should do our best to compress their living space."
"Okay, Mr. Wang."
Wang Kaicheng looked at Li Ziming and asked, "Manager Li, when will your department be able to finish version 2.0 of the app?"
"Mr. Wang, it is expected to be completed by the end of this month."
“Very good, you need to speed things up. The platform has more and more users, and the app has started to lag occasionally. Also, I have something important to say: we have offended some people from Sequoia Capital today.”
"So, Manager Liu from the Marketing Department, please arrange for your team in Shanghai to closely monitor Ele.me's latest developments and see how much Sequoia Capital will ultimately invest in them."
Marketing Manager Liu stood up and replied, "Okay, Mr. Wang, I'll make the arrangements as soon as the meeting is over."
"Alright, that's all for today's meeting. Meeting adjourned."
After the meeting, everyone dispersed and returned to their respective posts.
The Sequoia Capital employees left Nanshan Building and took a taxi directly to Bao'an Airport.
At Shenzhen Bao'an Airport, Han Geng, Zhu, and the other two were already seated in the first-class lounge.
"I never expected that Wang Kaicheng would dare to disrespect Sequoia Capital," said Xiao Li, the assistant, indignantly.
Han Gengzhu snorted coldly: "Let's go back and continue negotiating with Ele.me. This time, give them double the price and let them crush Panda Takeout. I want to see how long they can keep jumping around."
“You’re right, Mr. Han. Letting him know the consequences of disrespecting Sequoia Capital is a very wrong choice,” Xiao Li flattered.
Two hours later, the three returned to Ele.me's headquarters.
In the chairman's office, Zhang Xuhao was carefully reading the market research and analysis report.
"Knock knock knock!"
"Come in."
His secretary came in and said, "Chairman, the Sequoia Capital people are here again. They are in the VIP reception room."
"Okay, I understand."
Zhang Xuhao was puzzled. Why were they back after only a few hours? Had they come to their senses and agreed to his 2 billion valuation? That must be it.
He smirked, disdainful of Sequoia Capital's attempt to take advantage of him, and muttered, "Damn it, trying to cheat me out of my shares with a valuation of a billion? Dream on! The person who can take advantage of me hasn't been born yet."
Although he was annoyed, he couldn't neglect his patron, so he got up to greet the distinguished guest.
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