The competition is to see who loses more
On weekends, Liu Yiyi went home to see her mother as usual.
It would be better to say that I went home for a big meal than to say that I went to see my mother.
She has eaten at all the delicious restaurants opposite and next to the school. She can't walk or is too lazy to go to any restaurants farther away.
If you go there, you can do this once in a round trip and you won’t have to go to class.
So this time she came back to see how the community food group buying business led by Jiang Yingjun was going.
When Liu Fanfan and Jiang Yingjun came to Jiang Yingjun's office, as soon as he saw Liu Yiyi, Jiang Yingjun quickly let her into the separate office in the inner room.
After pouring warm water for her and Liu Fanfan, he began to report on the progress of the project.
Now that Sanliu Technology has established a group, he holds several positions.
He is also the director of Sanliu Technology and the newly established Lianhe E-commerce Company.
Fortunately, the company was willing to spend money and hired many high-end programmers, so he didn't have to work too hard.
His most important task is to connect with Liu Yiyi and try his best to realize her weird ideas.
"Yiyi, now that the app has a prototype, it's time to put it on the shelves, but there's one very important point!"
"What?"
"We need to set up another investment promotion department. At least start with attracting investment in Shanghai. If it's successful, we can replicate it in other cities!"
Liu Yiyi took a sip of water and said, "Then why don't you just keep fussing about it? Can I use it before I go to college?"
"There are still 50 days until you go to college, for sure!"
…
But what Liu Yiyi didn't expect was that someone was one step faster than them.
That food group buying e-commerce platform is "Hand in Hand Group Buying".
They have started online, with more than 100 kinds of food, and are generally popular.
Sure enough, Jiang Yingjun called her.
"Yiyi, have you seen the Hand in Hand group buy? What should I do? Their group buys are very discounted."
"I talked to the people in the investment department, and they said that it was impossible to negotiate such a favorable group purchase deal when they went there!"
Alas, Liu Yiyi naturally understood that it was certain, because the group buying APP had just been launched and no one believed it.
If there is no popularity, merchants will not believe that anyone will come, so it would be strange if they give you big discounts!
"Brother, what we lack is money? If they don't give us a discount, we have to pay for it ourselves!"
"Huh? We're not the ones selling the merchandise, so aren't we losing money?"
"Do you think holding hands means you won't lose anything? Now the competition is about who loses more, don't you know?"
Jiang Yingjun: “…”
Damn, what kind of business is this? Who else loses more than others...
"I've made up my mind to suffer losses for two years!" Liu Yiyi said calmly.
Jiang Yingjun: “…”
…
Jiang Yingjun reported to Liu Ye according to Liu Yiyi's statement, and Liu Ye broke out in a cold sweat after reading it.
Oh my god, it hurts so much to subsidize businesses.
But she also trusted her daughter Liu Yiyi very much, because all the money was earned by her, so she had to approve it.
With this subsidy, the confidence of Liu Yiyi and other investment promotion staff of "Beauty Group" increased rapidly.
It is a confidence-building thing to negotiate with merchants!
Xiaolian from the business investment department called Delicious Pavilion, which they had been unable to reach an agreement with, and said, "Boss Lan, our subsidy is only limited to 200 people. If you don't sign, you'll miss out on this opportunity!"
"Are you really going to subsidize us? I give you a 10% discount, and you give us a 30% discount? Even better than hand in hand?" President Lan couldn't believe it.
The discount for online group buying through Hand in Hand is only 20% off.
After confirming the subsidy benefits with Xiaolian, Mr. Lan of Delicious Pavilion quickly signed the contract.
In this way, the discounts for 200 stores were soon filled up.
With these 200 food stores, the Meiituan food group buying e-commerce APP was also launched.
As soon as it was launched, it became an instant hit.
Even Liu Yiyi's classmates were talking about it.
"Oh my god, two group buying websites, but only 10% off each. What was going on with Hand in Hand?"
"That's right, who would still go there for group buying?"
"Any fool would choose the Beauty Group!"
In a short period of time, Meilituan became popular.
The volume of group purchases continues to increase.
Jiang Yingjun was a little scared and quickly called Liu Yiyi again.
"Xiao Yiyi, your idea is useful, but it's too expensive! In just 10 days, you've already burned through 10 million!"
"I'm a little scared. If this continues, we'll burn through 100 million in three months! That's terrifying!"
Liu Yiyi calmly replied into the microphone: "You need to be more calm. How can a grown man who is afraid of this and that accomplish anything great?"
"Isn't it just burning 100 million in three months? The more the better, as long as it scares the competition!"
"It's best to burn the opponent until he jumps up, that's the effect I want!"
"I still think it's not burned enough!"
Jiang Yingjun: “…”
Damn it, the Liu family is so calm about their own money, and we are so scared...
This is not right, be more careful!
Jiang Yingjun then conveyed the above opinions to the finance department. Of course, he didn't dare to say that it was said by a 6-year-old child, so he said that it was conveyed by the chairman.
Everyone, calm down! Keep working normally. Don't be afraid. The company can afford the money!
…
The employees of Meiituan were no longer afraid after being appeased, but their rival Shoulashu group buying was extremely anxious.
First of all, at least half of their customers were snatched away by the aggressive Meilituan.
Secondly, if they don’t take action, they will probably be driven out of the market!
So they held an emergency meeting and came to a conclusion to seek angel investment financing to recover the lost shares.
Then, a week later, everyone saw that after Hand in Hand group buying received financing, all products were eligible for preferential subsidies.
Then the discount is the same as Meilituan!
This business war... made Jiang Yingjun confused. The two sides were fighting and only the fishermen were benefiting.
Consumers are happy, but how much money will it cost to put an end to this war?
I called Liu Yiyi, and the message I got was, keep burning, burn until they are scared!
I lost...
This business war is terrifying. Every penny burned is real money! Not ghost money!
It has been two months, and the two major apps have not shown any signs of stopping.
Then, according to Liu Yiyi, Jiang Yingjun secretly offered discounts of 1-3 yuan lower than the hand-in-hand group buying at some popular food stores.
By the time Hand in Hand realized this, half of the customers had already been lost.
…
In the Hand in Hand high-level meeting room, angel investors and senior executives are holding an emergency meeting.
"Didn't you say that you could wear each other out in two months?"
"Why don't we see them die? Instead, they live better?"
The angel investor was furious: "We invested in you because we saw you were online before them. We never expected that. What a mistake!"
The angel investor held his forehead and regretted it deeply.
The executives holding hands didn’t know what to say.
He managed to force out this sentence: "Boss Gao, if you invest a little more, they won't be able to hold on. With your strength, they can't compete with us!"
"Are you sure?" Mr. Gao, the angel investor, asked a soul-searching question.
"Yes, they're a newly established e-commerce company that won't last more than three months! He never imagined that the chaebol behind us is you!"
"If he knew, he definitely wouldn't want to endure these two months. Wouldn't that be a waste?"
"If we keep insisting, we will see the light!"
Continue read on readnovelmtl.com
