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According to the current information, Quanpin will launch a total of 21 brands, most of which are mid-to-high-end brands from Pengcheng.

In terms of discounts, it is similar to that of Famous Products. The sales volume in two hours is also quite impressive, with visual estimates exceeding 5 million.

The other party did not promote it at all before it went online. After it went online, it started vigorously promoting it on several mainstream portals. It was obvious that they came to take advantage of the popularity of Famous Products from the beginning.

However, Mingpinhui now has no way to effectively target the other party.

It can be said that the new special sale market that has just been opened has been bitten off a piece of meat.

Another problem, as Zhou Anan expected, is that the major shareholder behind Quanpinhui is an investment institution, and that investment institution is under Jing Yuxiu's name.

How are you going to respond, Mr. Jiang?

After listening to the detailed analysis report, Zhou Anan asked President Jiang who was in charge of the affairs.

In this regard, it is necessary to listen to the opinions of professionals.

As of now, we can only rely on accelerating promotion and contacting brand merchants. In terms of promotion, we can sign an endorsement contract with Liu Feifei as soon as possible, shoot advertisements, put them in the mainstream media market, and establish the image of our website. In terms of contacting brand merchants, we can improve factory delivery price, and capture as much inventory of mid-to-high-end brands as possible. Our website can maintain low discounts through subsidies.”

Although the full product will be released for a short period of time, Jiang Minchi, who has worked hard at Ali for many years, is not too panicked and has already thought of an effective way to deal with it.

However, both promotion and brand merchant contact require huge financial support.

In other words, for the cake-grabbing all-product fair, Mingpinhui can only use the simplest and richest way of throwing money to suppress the other party and occupy a share of this emerging special sale market.

If money is spent, the original 55 million funds and the remaining 40 million will definitely not be enough, and additional investment will be required.

Speaking of this, Jiang Minchi, the president and third largest shareholder, felt a little heartbroken.

He originally thought that Famous Products would become an instant hit. Now that he was qualified to negotiate with major brand merchants, he felt that he would not need too much investment in the future and could even turn losses into profits in the short term and develop the website into a unicorn in the industry.

Who would have thought that such a shameless competitor would appear without warning, and he was so menacing and threatening.

I agree with the additional investment.

After President Jiang finished speaking, Liu Xijian agreed to the plan.

There is no way to build this kind of shopping website without spending money. Their JD Mall achieved its current status by investing money from various investment institutions.

Nowadays, Mingpinhui has become an instant hit, and the situation is great. Although there are competitions from shameless plagiarists, Mingpinhui, which has the advantage, will become the No. 1 in the industry sooner or later as long as it is willing to spend money.

In the current situation, whoever can spend more money will have the last laugh.

Liu Xijian, who has rich experience in fighting, is not afraid at all.

I agree.

Both shareholders agreed, and Zhou Anan naturally agreed as well, as he happened to have plenty of funds now.

At present, Mingpinhui still occupies a great advantage, both in terms of sales and popularity.

The next step is to compete for after-sales service and spend money to win more brand partners. Whoever can persist to the end will have the last laugh.

After-sales service, thanks to the logistics system that JD Mall has built over many years, Mingpinhui is not afraid at all, and can even expand its advantage in this aspect.

For brand partners, it all depends on who offers the best price, that is, the level of the website's own subsidies. This is the main direction of spending money.

. Then add another 55 million in funds.

After confirming the additional investment, the three people negotiated the additional investment amount and unanimously agreed to double the additional investment amount.

The wealthy Zhou Anan also lent 3 million to Jiang Minchi in his private capacity, with an annual interest of 5 points, so as not to affect President Jiang's own shares.

He had forgotten that the shareholder of Mingpinhui was Huaxia Fengwu, so additional investment would not require any of his own funds.

I have money and nowhere to spend it, really.

In addition, we must do a good job in after-sales.

While several founders of Mingpinhui were discussing countermeasures, in the office of the president of Quanpinhui, which is also the company's headquarters in Pengcheng, Jing Yuxiu, with a smile on his face, and a few others were leisurely drinking red wine.

Brother Yu Xiu's trick of borrowing the east wind is really wonderful.

After taking a look at the nearly eight-digit sales figure displayed on the desktop computer page and still rising, Ning Jie smiled and complimented his leader.

Previously, he still didn't understand why the other party didn't have any promotional advertisements before going online. Now that the truth has been revealed, he, the shareholder, can't help but admire it.

Who would have thought that the other party would actually want to take advantage of the popularity of Mingpinhui and spend money to promote the homepage of several mainstream portals while launching the website. It has to be said that it is a brilliant idea.

Sales exceeded 7 million in just over two hours. Seeing that sales exceeding 10 million is not a problem at all, such a record is considered excellent among domestic shopping websites.

As you can imagine, this website, in which he invested 2 million yuan, is definitely a hugely profitable deal.

If this website could become a large company with a market value of several billions, Ning Jie was a little excited just thinking about it, wishing he could fight his little lover for hundreds of rounds.

Not only is it wonderful, Master Jing's move is truly brilliant. It might even be written into textbooks in the future.

After taking a sip of red wine, Sheng Liunian, one of the shareholders, praised the other party without hesitation.

Being able to join the Jing family is the result of many years of hard work.

But he didn't expect that an unexpected investment to bring people closer could actually reap extremely generous returns.

It's hard to say that their fleeting investment company can once again boast a wave of market prices and arouse the enthusiasm of investors. It's an unexpected surprise.

Boss Sheng is joking, it's just a little trick, not worth mentioning.

Listening to the two people's compliments, Jing Yuxiu, who maintained an elegant demeanor, calmly accepted the two people's compliments. The curvature of the corners of his mouth represented his inner joy.

After being rejected in an almost humiliating manner by that person, Jing Yuxiu immediately thought of a plan to draw money from the bottom of the cauldron and let someone secretly build a shopping website.

Relying on his connections in Pengcheng, Jing Yuxiu obtained the inventory of 21 brands at extremely low prices, and waited for Famous Brands to go online to borrow from each other.

As far as he knows, Mingpinhui was very popular before it was launched. It not only invested heavily in promotion, but also invested a lot of subsidies in brand inventory.

And his Quanpinhui has made a lot of profits in this sales link, already surpassing the other party.

While drinking, seeing He Wuqiu being silent, Jing Yuxiu smiled and asked him, Old He, what are you thinking about?

I was wondering, does your elder brother have any influence?

Unlike the optimism of the other two latecomers, He Wuqiu, who knew the entire establishment of the Quanpin Association, was a little worried.

You know, when Jing Yuxiu tried to test the other party, someone far away in the capital had sternly warned the eldest brother of the Jing family.

What they do now is tantamount to challenging each other.

You are overthinking this. This is legitimate business competition. What can the Wang family say? Besides, our website has a bright future. How can my eldest brother do this?

After hearing He Wuqiu's worries, Jing Yuxiu, who looked indifferent, comforted him, just as his cell phone rang.

Seeing his eldest brother's number displayed on the screen, Jing Yuxiu quickly put down his wine glass, signaled the people next to him to be silent, and then picked it up with some caution: Brother.