Chapter 1072 Let’s see who burns all the money first
"Huahuahua"
"Thank you, Boss."
The meeting hadn't even started yet when they heard the good news. The senior executives of the celebrity group present applauded, and Qi Liang expressed his gratitude on behalf of everyone.
Although the assets of Mingliu Group are expanding rapidly, their annual salary is far from enough to buy a luxury yacht. This time, the reward from the big boss has increased their actual assets a lot.
"Okay, let's get started."
After stopping his subordinates from flattering him, Zhou Anan directly started the meeting agenda.
"Xiaonei.com has rejected our acquisition proposal. The focus of Weike's promotion will shift from social groups to major universities."
Zhou Anan approved the proposal to acquire Xiaonei.com at a meeting at the beginning of the year, but it was a pity that the other party did not agree to the acquisition, which made him feel a little regretful.
Under the current circumstances, the campus network resources with many fans in major universities are still good. After the acquisition by Mingliu Weike, it can seamlessly occupy the online social field of domestic universities without spending effort on publicity.
It’s a pity that Xiaonei.com has greater ambitions and wants to go public independently.
In Zhou Anan's memory, the other party did successfully go public on NASDAQ, but because it had no core competitive products, it declined within a few years and eventually ended up being packaged and sold to a certain Internet company, which was a pity.
“In terms of promotional activities, we can choose some young and positive artists to do a tour.”
Listening to the CEO and others discussing the strategic direction of the company's development, Zhou Anan occasionally added a few words but did not offer much guidance.
So far, Mingliu Weike is on the right track. As long as it does not commit suicide, it is inevitable that it will ring the bell for listing on the Nasdaq.
As a big boss behind the scenes with average leadership and management abilities, it is enough for Zhou Anan to just make the group avoid unnecessary traps.
Actually, Zhou Anan does not want to list his company and expose part of his wealth. He prefers to be a low-key wealthy man.
However, Mingliu Weike has already involved the interests of too many people, and its development trajectory is no longer determined by him as a major shareholder. Zhou Anan can only maintain control over this social giant and let it cruise in the direction he wants.
As for the possible asset exposure problem after the company goes public, Zhou Anan also has an idea, which is to hide himself behind certain investment institutions.
He will keep a low profile and stick to it to the end.
"Boss, I want to report to you in private."
"Come to my office."
After more than an hour of meeting, Zhou Anan looked at Cen Sui who called her and nodded in agreement.
Back in her office, Zhou Anan took the coffee handed to her by her beautiful assistant and said, "Make a cup of Blue Mountain for Mr. Cen, no sugar."
"Thank you, Boss."
Listening to the young boss talking about her preferences, Cen Sui thanked her gratefully.
"Why, are you feeling pressured by the investment in Mingpinhui?"
Sitting on the sofa, Zhou Anan took a sip of coffee with two pieces of sugar and asked with a smile.
"Yes, the competition between Mingpinhui and Quanpinhui is getting more and more fierce. Although we have the logistics support from JD, the loss is much less than Quanpinhui, but if it continues like this, it will probably form a vicious cycle."
Speaking of this, Cen Sui expressed all the concerns that were not mentioned at the meeting.
What Mingpinhui is facing now is not just the problem of spending money to exchange for traffic, but also a series of impacts in the future, including but not limited to the market price issue after winning.
"Your concerns are not without reason, but the current situation does not allow us to stop just because we want to. The final result will only depend on who can no longer hold on and is eventually acquired by the competitor."
With a smile, Zhou Anan didn't care about Mingpinhui's money-burning model.
Although the investment is a bit larger now, the field of special sale websites is developing extremely rapidly.
With the continuous increase in the number of signed brands, the sales of Mingpinhui are gradually increasing, and it is likely to surpass TB and JD in online shopping sales.
Although Quanpinhui is becoming more and more prosperous, its after-sales service cannot keep up with the development speed of the website. Sometimes money is not omnipotent.
A complete after-sales channel and logistics system cannot be established in a short period of time just by having money.
Even though Quanpin will privately delete negative comments from buyers and maintain a thriving appearance, according to a survey conducted by Mingpinhui, the reputation of its competitors and its reputation among real buyers have begun to be affected to a certain extent.
Just like DD and YB many years later, they continued to burn money to expand the market, and even burned hundreds of millions of subsidies every day at one point, which could be called a money-burning machine.
Finally, DD, which had a larger market share, acquired YB, started to dominate the taxi market and got back the money it had previously spent on the "sheep".
Today, Mingpinhui, which has a better reputation and higher market share in the discount website industry, has a higher chance of eventually acquiring Quanpinhui. It just depends on when the other party can no longer hold on.
When Mingpinhui becomes the only dominant player, it will naturally be able to earn back the money burned in the early stage. It is just a matter of time.
As the largest investor, Zhou Anan is not in a hurry to cash out, nor does he care that much about the more than 100 million yuan investment in Hua Xia Fengwu in the early stage. Naturally, he is strong without desire.
The only one who is anxious is the opponent.
"According to the current budget, the 600 million yuan in the account of Mingpinhui is only enough to support one year."
Talking about this huge amount of money that was recently raised, there was some worry in Cen Sui's eyes.
"It will take another year to burn 600 million? That's too long. You should talk to Mingpinhui and ask them to burn out the 600 million within half a year. If the money is gone, we can go for the next round of financing. As long as we maintain our advantage in the industry, there will be people who will make additional investments. Since the other party has started the war mode, we should not hesitate."
When Zhou Anan heard the time mentioned by Mr. Cen, she frowned. It was rare for her to directly intervene in the development strategy of the company.
Since the opponent is spending money, spend it faster and see if the opponent can keep up.
So what if they are among the so-called top 100 companies? They are not among the top 100 in the world. How much cash can they have to burn?
"OK."
Unexpectedly, his worries were insignificant to the big boss. Reassured, Cen Sui simply nodded in agreement.
After talking about several venture investments of Hua Xia Fengwu, Zhou Anan did not give any special instructions. After the other party left, she lay on the massage chair worth six figures and began to enjoy the professional fingertip massage of her beautiful special assistant as usual.
"Boss, XA Fund has been open for subscription for less than two hours, and there are already 600 million subscription funds."
“So fast.”
Listening to the report from the beautiful special assistant, Zhou Anan couldn't help but open her closed eyes, just in time to see the scenery less than ten centimeters above, as if she could reach it with her hand.
Unexpectedly, the tall and long-legged beauty special assistant's actual skills were quite good when she bent down.
"Yes, 400 million in the first hour."
Unaware that the big boss had opened his eyes, Huang Ying was concentrating on performing her duties with a slight hint of sweat on her forehead.
"Well, let me know when the subscription amount is full."
Closing his eyes again, Zhou Anan said calmly.
"OK."
The 1 billion subscription quota of XA Fund was fully funded earlier than Zhou Anan expected.
At 3:30 in the afternoon, news just came from the European stock market that Volkswagen’s stock price soared from 300 euros to 400 euros in just ten minutes after the market opened, and we received a report from the beautiful special assistant.
XA Fund’s 1 billion subscription quota has been filled.
(End of this chapter)
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