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After the Divorce, I Could Hear the Voice of the Future-Chapter 60: The Battle Without Gunsmoke
Dai Wei talked about the arrangements for funds, they planned to invest 1 million to set up a factory.
That way, they could compress the cost of a bicycle to within 300 yuan.
The plan was to move out of campuses within the next month, and to reach a market size of 10,000 bicycles within two months.
After all, to meet the requirement of 80,000 daily users, a market presence of 10,000 was the bare minimum.
A bicycle needed to be ridden eight times a day, preferably 15,000, to ensure infallibility.
As long as they built the factory, they could treat 2 million in funds as 6 million, or even more, to use.
They could owe the payment for the goods, and use the deposit first.
In a nutshell, expand the scale as much as possible.
"I'm looking forward to your performance."
Lu Liang smiled, his ears ringing as if he heard the horns of war being sounded.
It was still an unknown whether Little Yellow could become the protagonist of the battlefield.
Approaching noon, both sides signed the contract.
Lu Liang walked to the elevator and watched Dai Wei leave.
He happened to meet Meng Changkun, who was coming downstairs, and greeted him with a smile, "Mr. Kun, when did you get back?"
"Just arrived this morning."
Meng Changkun looked at Dai Wei, with a surprised look on his face.
"Mr. Meng, hello."
Dai Wei also showed surprise but did not stay long, greeted Lu Liang, and left downstairs with his colleagues.
Lu Liang watched them leave and turned to ask, "Mr. Kun, do you know Dai Wei?"
"Met him once in Yanjing before."
Meng Changkun nodded slightly, giving Lu Liang a somewhat strange look, "You didn't invest in ofo, did you?"
"You've also heard of ofo?" Lu Liang readily admitted.
Meng Changkun nodded, his expression slightly complex with a knowing look, "Shall we go upstairs for a cup of tea and chat?"
Lu Liang nodded with a smile.
The two went up to the office.
Meng Changkun's office was large, nearly a hundred square meters, with spacious and bright floor-to-ceiling windows that offered a sweeping city view.
There were two pots of fortune plants in the corner, lush and leafy, adding a touch of vitality and life to the room.
Different from the genuine leather sofas favored by bosses from Jiangsu and Zhejiang, at first glance, the solid wood furniture was characteristic of Chaoshan people.
Meng Changkun prepared Gongfu tea, and began to tell a story he experienced personally, which happened a few years ago.
"Groupon, also known as the group buying website, was established in '09 with a registered capital of only half a million US Dollars and attained profitability in just seven months, with a Series A valuation of 1.4 billion US Dollars."
"When the news reached China, investment institutions went crazy. A 280-fold increase in seven months, what's the difference between that and robbing a bank?"
"They were like a swarm of sharks smelling blood. At that time, for any group buying site, not even a PPT was needed; a single business plan could win the favor of capital."
"The whole industry was expecting the high-profit myth created by Groupon to be replicated in China."
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"In April of the following year, the first group buying website was born, and within just ten months, 5,000 new group buying sites appeared in China."
"New Wave, Tencent, Pig Factory, Ali, and other platform-based internet companies also entered the group buying field, making group buying nearly a standard feature for internet companies."
"To compete for the group buying market, some of the more well-known group buying sites began round after round of financing races, with overwhelming advertising wars, tug-of-war strategies, and trench warfare that became part of the daily life of the populace."
"That was a battle without smoke with casualties all around, and nobody emerged unscathed."
"At that time, there was no turning back, nobody could bear to have their capital go down the drain, so they could only grit their teeth and keep going."
"Until they really couldn't hold out any longer..."
Meng Changkun took a puff of his cigar, his fingers involuntarily trembling, as if the memory of those dire times still haunted him.
That year, he invested in several group buying websites, persisted for fifteen months, and lost 230 million, finally having to take drastic measures.
In three years, the entire industry burned through several hundred billion, and to date, it has only temporarily come to an end, without deciding a winner.
It could be said that as of now, there is no winner in the entire group buying industry, everyone is a loser.
If one had to say there was a winner, it might be the profit-taking public, and the nation's GDP saw growth.
Meng Changkun had seen the business plan for ofo, but only glanced at it before immediately throwing it away.
Shared bicycles and group buying websites,
the similarity was too great, chilling to the bone.
Those who had weathered the storm of a thousand groups, not yet having recovered their vitality, probably did not have the courage to reach out again.
This was also why, although Yanjing had so many venture capitalists, ofo still needed to come to Modu to attend the entrepreneurship expo.
Meng Changkun didn't want Lu Liang to invest in a pitfall and think he'd gotten a bargain.
If the industry didn't take off, at most, it was the loss of some early investment.
The real fear was seeing hope.
In that case, no amount of money would be enough.
Just like the "Thousand Group Battle" from a few years ago.
"What if we can hang on until the end?"
Lu Liang lit a cigarette, tried to calm his emotions, and recalled the once grand event he was unqualified to participate in.
Meng Changkun gave a wry smile, no longer trying to persuade.
Investors all acted the same—never turning back until they hit a wall; even when faced with one, they would try to break through it.
Until they were battered and bleeding, unable to break it down.
"It's getting late. Let's go have lunch together."
"Let's go."
During lunch, Lu Liang suggested visiting the MCN organization that Meng Changkun had invested in.
Meng Changkun was very generous, and after lunch, he personally took Lu Liang to visit the company on the 15th floor.
Currently, they were all union in nature, mainly divided into gaming, beauty, and pranks.
The prankster bloggers were an eye-opener for Lu Liang.
As long as someone tipped them, they would slap themselves, drip wax on their arms, or bite live chickens.
There was nothing they couldn't do, brandishing the motto "no limits."
"Besides the audience tipping, and the platform's signing fee, there aren't really any other good monetization channels at the moment."
Meng Changkun said with a smile, "Anyway, the investment isn't high. Let them develop on their own; who knows, one day they might explode."
Lu Liang understood; when he got back to his company, he had Tang Caide establish a new media subsidiary, with the studio operating under its name.
He allocated $300,000; the studio specialized in serving Li Manli, helping her to operate multiple platform accounts and improve content quality.
Old Meng's investment behavior was worth learning from for Lu Liang; after all, they had the money and a high enough cost threshold for trial and error.
Even if they invested in ten companies, as long as one succeeded, the investment would not be a loss.
This also proved that the rich only get richer.
For ordinary people, a single entrepreneurial failure could be an unbearable burden, costing them half their lives to repay.
At one o'clock in the afternoon, the stock market opened; Teli A's turnover rate and trading volume were getting higher with the market seeming ready to explode at any moment.
Lu Liang still maintained a wait-and-see approach; he was unclear how significant Zhongxin Fuying and another institution were.
Let them be the early birds; at least, he would not make any new moves before national policy was issued.
At three o'clock in the afternoon,
Su Wanyu habitually arrived half an hour early.
Lu Liang hadn't made any moves during the afternoon session, so naturally, there was no need to summarize.
Thus, he called her to his office early, starting today's English lesson.
In Su Wanyu's eyes, there was a smudge of worry that couldn't be concealed, and her gaze betrayed a hint of melancholy, as if she had many unspeakable troubles.
Several times she taught wrong, and Lu Liang had to correct her.
He asked in confusion, "Mrs. Su, you seem off today; is something wrong?"
"I'm sorry, Mr. Lu, a personal matter has affected me, but I will adjust as quickly as possible."
Su Wanyu showed a look of remorse, refocused, and concentrated on teaching.
She didn't want to talk about it, and Lu Liang didn't ask further.
They continued with listening, speaking, reading, and writing in English.
They learned for another 120 minutes over two sessions.
Two days slipped by in the blink of an eye.
On Wednesday, June 10, at ten in the morning,
the news office held a press conference to discuss the "Guidelines on Furthering the Reform of State-Owned Enterprises," also known as the new five points.
Cutting to the heart of it, the most important point was to change the state capital authorization management system to further clarify the boundary of responsibilities between state assets ownership and enterprise management.
In layman's terms, the state was delegating power, giving state-owned enterprise managers more authority and lifting some restrictions on state-owned enterprises.
Big A, which had been stumbling, rose again; a large number of state-owned enterprise stocks hit their daily limit, driving the entire market.