Becoming the richest man starts with making complaints

Beep beep beep!

Even though Cao Shen was heartbroken when he saw Qian Ming, he still couldn't stand the huge traffic jam on the ring road in Beiqi City.

An hour and a half, an hour and a half of my life was wasted in this huge traffic jam filled with exhaust gas. Cao Shen is simply depressed. If I don’t peel off Qianming today, my surname will not be Cao!

Finally, he led a group of people into Qian Ming's office. Qian NPC had already greeted him at the door with a smile. Oh, not only him, but the entire company blocked the door to welcome Cao Shen's arrival today.

Cao Shen suddenly felt like a leader inspecting the work. With a smile on his face, he casually glanced around and approached the NPC.

Um?

No movement.

what's the situation?

Cao Shen took another step closer to Qian Ming.

Still no response!

What about the mission?

Cao Shen put his hand on Qian Ming's shoulder and shook it vigorously.

Why don't you give me a task?

Qian Ming was a little dizzy from being shaken. Oh my god, I can't believe that Cao is always such an enthusiastic person.

So, this is Mr. Cao’s way of saying hello?

So Qian Ming also stood up on tiptoes, put his hands on Cao Shen's shoulders and began to shake.

Cao Shen:......

"System, where are the tasks? Where are the random tasks? Why isn't it triggered!"

【Um? You ran out in a hurry just to do random missions? 】

"Yes, yes! It's a mission, please release it quickly.

Ding, come on, ding!

I'm in the face of Qian Ming! "

[Host, don’t you think random missions should have CDs? 】

"CD, it's been more than a month, it won't take that long to unleash the ultimate move!" Cao Shen roared in his head.

[When was the first random mission? 】

"Last January!"

【What about the second time? 】

"Last July!"

【What about the third time? 】

“This May!”

【so what? 】

"Half a year! Your random mission CD will take half a year! Why didn't you tell me earlier!"

[Host, you didn’t ask me. You didn’t tell me what to do when you went out. I didn’t even have the chance to stop you.]

"Fall! Wait!

It was almost a year between the third time and the second time. Hey! Can't this be remedied?

Is it okay to make up for the game check-ins? You guys don’t pay much attention to the user experience!

It can be replenished at most by spending some gold coins or some other price! "

【cannot……】

fall!

How great is the hope, how great is the disappointment.

The enthusiasm on Cao Shen's face disappeared in an instant. Qian Ming Erzhang was confused and touched the back of his head:

"Mr. Cao, what are you doing?"

Forget it, you’re here already, let’s just chat...

"Oh, I'm just here to talk. What good projects has Mr. Qian been looking at recently? You are an early investor with successful cases. Following you means paying attention to market trends."

Qian Ming slapped his thigh: "Hey, Mr. Cao, you are so humble. Paying attention to you means paying attention to the future pattern! Come on, come on, please come to the conference room. It is a dream to learn from Mr. Cao."

Cao Shen and Qian Ming entered the conference room. All the employees of R\u0026F Investment were there today, sitting in two rows around the large conference table with notebooks, waiting to take notes and listen to Mr. Cao's teachings to reach the peak of life.

Qian Ming laughed so hard that he couldn't even see his eyebrows. In addition to Cao Shen being an Internet tycoon and having a superior understanding of others, Xishen Technology was also a super financier.

As long as the project you invest in can be favored by Mr. Cao and invest some money to support it, then it will be stable!

If Mr. Cao is willing to acquire it, then he will go ashore!

Therefore, Qian Mingna was fully prepared today and wanted to take advantage of it.

On the big screen in the conference room, the first thing that was displayed was a list, which densely listed all the projects of R\u0026F Investment.

Qian Ming cleared his throat and said:

"Mr. Cao, all our cases are here. Which ones are you interested in? Let me introduce them to you?"

Cao Shen glanced at the "front row" list, pointed at the screen and said:

“So many sharing economies?”

Qian Mingyi clapped his hands: "Yes, yes, Mr. Cao is indeed very discerning. The sharing economy has been particularly popular recently. We are betting on it, so we have invested more."

Mr. Cao: You’re such a discerning man, if you squeeze in front, even the blind can see, okay?

The sharing economy is all money-burning work. Emotional money is coming to take out my wallet today.

Qian Ming opened another word document and said:

"Mr. Cao, this is our analysis of the sharing economy after research.

We have specially made a list to look at those industries and those objects that can be shared.

After finding a suitable direction, we will also find a good team and let them work in this direction. "

Cao Shen looked at the document, what about sharing massage chairs, sharing books, sharing wardrobes, sharing fitness cards...

A lot!

Touched his chin: According to the original world, the sharing economy only became popular in 2016.

This thing started in the United States. In 2008, I rented out my vacant house on Airbnb, which was a relatively successful start. Of course, there were others earlier, but they were basically all failed.

Later, Uber followed suit in 2009, and Didi was officially established in China in June 2012.

But most investors really saw the general trend of the sharing economy, which started with shared bicycles in early 2015.

Investors are pouring money into shared bicycles because Didi and Kuaidi raise money too quickly. They can do several rounds a year, and their valuations are rising.

By the Valentine's Day of 2015, when the two companies merged, many investors were still unable to catch up.

After the merger, Didi was valued at US$6 billion. For many investors who were unable to participate, especially early investors, this valuation was beyond what they could afford.

Therefore, this group of investors began to look for the next similar target. I thought I could rush in early, copy Didi, and quickly double the crazy valuation.

As a result, shared bicycles have entered the horizons of investors. Sure enough, they copied and pasted their "predecessors", and the number of financing rounds in one year was even crazier than the original car sharing.

The speed of this wave of financing for shared bicycles does not give investors any chance to hesitate. By the time many investors beat their chests and failed to participate, the valuation could not catch up.

So, they thought about copying and pasting in other fields.

The popularity of the sharing economy has just begun.

But it’s only the middle of 2012. There’s a difference of three to four years. Why is it so early?

And look at Qian Ming’s list of invested projects, shared power bank, shared laundry, shared office...

They are all already listed.

what happened?

Qian Ming felt nervous when he saw Cao Shen frowning thoughtfully. Could it be that Mr. Cao is not optimistic about the sharing economy?

This is not okay. You are a big boss. If you are not optimistic, it will affect the development speed of the entire industry.

After thinking about it carefully, it seems right. On the surface, the sharing economy is a carnival for entrepreneurs and investors, but there is an underlying logic behind it.

That is to seize the entrance of mobile payment. All the previous battles for shared applications are all about the payment giants grabbing territory behind the scenes.

Looking at Cao Shen again, I felt a little enlightened.

Mr. Cao’s total payment will not end this time. No wonder he seems to have little interest in the sharing economy.

Can't pay?

Is it possible that Mr. Cao is really not panicking because he has friends and trust in hand, as the outside world says?

Or is it because it is "partially scientific" and the sensitivity is on the technical skill tree rather than the market skill tree?

So do I need a reminder?

After all, I have "met Mr. Cao for a long time" and I have "watched him grow up", so I have this obligation and responsibility!

Yep! We must not let Mr. Cao suffer a loss!

So, Qian Ming sorted out his thoughts, carefully considered his words and said:

"Mr. Cao, the sharing economy is booming now, and the key is that there are several payment companies behind it competing for users.

Zhang Da’s Taobao Pay and Giant Lion’s YiFubao are all already competing fiercely.

The sharing economy lowers the threshold for users to use a thing.

Once the threshold is lowered, the first step is to allow users who were not using it before to use it. This means that there will be new users included.

Then, the utilization rate and frequency of use of the same item or service increase.

Or in other words, when the same asset is invested in buying a thing or service, its use efficiency is improved, and the input-output ratio becomes higher.

This investment model can be calculated..."

"Yeah," Cao Shen nodded, thinking about it.

The reason why the sharing economy is ahead of schedule is because big bosses such as Zhang Da, Tao Jiang and Lin Hai rushed to pay and ended early.

The root cause is actually related to myself. WeChat in the original world did not start making payments until the version in August 2013, and Yu’E Bao was only launched in 2013. The WeChat red envelopes for the Spring Festival Gala were already in 2016.

I had already completed these things a year ago, so I had to move ahead of schedule. Speaking of Zhang Da, after TT Technology is killed, it obviously needs to find another place to shine.

As for Tao Jiang, it can only be said that his fortune is not as bad as his Malaysian father.

At that time, Dad Malaysia relied on SARS to directly drive e-commerce into a big wave, and now it has a solid foundation. This greatly shortened the time for Taobao e-commerce to accumulate power, allowing it to have a moat when facing competition from B2C e-commerce.

Tao Jiang has never encountered this kind of thing, so when Taotao was still developing, it faced the impact of B2C and was unable to withstand it.

Therefore, it was only natural that he and Zhang Da hit it off and worked hard on payment.

Cao Shen listened to Qian Ming's introduction to the sharing economy, but he really had no interest in it.

As for payment, let them grab it. It will also be good for you to expand the user base. After all, it can save a lot of labor when others do the work and harvest it yourself, right?

And if you want to educate yourself, you have to spend your money wisely. Isn’t it better to use other people’s money to hit the market?

The sharing economy here is actually a pseudo-concept, more accurately called time-sharing leasing.

The core of a true sharing economy is the separation of powers.

The three rights are ownership, use rights and operation rights.

The core of a company that truly engages in the sharing economy is the right to operate.

Through operations, the use rights in the hands of asset owners are distributed to realize the maximum realization of assets of ownership.

For owners of usage rights, they do not need to spend asset acquisition costs and can enjoy convenient use.

The asset owners here are dispersed, unlike shared bicycles or shared power banks, where the assets all belong to the "company".

In layman’s terms, sharing economy companies are “retail investors” at both ends of the spectrum of operational ownership and usage rights.

If the assets belong to a certain company and time-share leasing is carried out, a "tragedy of the commons" will easily occur.

For example, shared bicycles that have been damaged by a large number of people are a typical example of this phenomenon.

To avoid the "tragedy of the commons", in addition to moral "restraints", it is also necessary to spend a lot of costs to maintain "commons" resources.

You can see the high operating costs on the financial statements of shared bicycles. In the early days, they were mainly used for the maintenance and replacement of bicycles, and for moving bicycles to "remote" locations.

This cost adds up to as much as the cost of buying a bicycle, because in addition to parts replacement, this work also requires a lot of "labor".

In addition, in order to avoid losses caused by such tragedies, the design of shared bicycles must also adhere to the principle of durability first and ease of use second. The early Mobike bikes were really difficult to ride.

Finally, when you do the accounting, you find that the money you make from renting out a car will not cover the purchase cost until it is scrapped. The scrapping speed and scrapping rate of small yellow cars are particularly brutal.

However, for the big guys who are seizing the payment scene by investing in various "sharing economies", this cost is very cost-effective.

After all, there are a large number of pawns ahead to help you develop the market and develop users’ mobile payment habits.

In the end, the previous company will be useless, but the users will eventually fall into their own pockets.

As long as payment users develop a habit, their stickiness will be high enough and their life cycle will be long enough. You can slowly gather the wool later, which is cost-effective no matter what.

Moreover, the big boss only spends part of the money, and there are a lot of investors accompanying you to spend money together. To settle accounts, it is equivalent to using other people's money to pave the way for yourself. This is a very worthwhile transaction.

So, why do you think payment giants are so active? How can we not be positive about such a good thing?

Qian Ming introduced the sharing economy project with great enthusiasm, but Cao Shen just kept nodding, but remained unmoved.

Is Mr. Cao really not interested in payment preemption?

I'm about to use all my strength. In this case, why don't I sell some deep-tech stocks? After all, Zhang Da and Lin Hai are working in full swing.

No, the recent search results released by Shenshen Technology have caused the stock to soar that it cannot stop and cannot be sold!

Seeing how calm Mr. Cao looks, could he be holding back his big move?

Like search?

There is a big move, so you don’t even bother to grab the payment?

right! That must be the case!

So, what is the ultimate move? Mr. Cao, please reveal a little bit. Hey, just leave a little bit in your hand so that our whole family can have enough to eat.

Qian Ming stopped Amway and carefully observed Cao Shen's eyes.

His eyes were on the companies in the bottom rows...

That is……

SAAS! Mr. Cao is watching SAAS!

Qian Ming understood immediately and quickly clicked on the information of these companies:

"Mr. Cao, these are several SAAS companies I invested in this year, and the teams are all pretty good!"

Qian Ming was embarrassed to say that the company was quite good, because these companies were not making money and financing was not smooth, and they were about to be unable to survive.

Cao Shen nodded. When he released the open source cloud architecture before, he set up a fund to invest in SAAS.

Calculating time, these people should be able to do something.

Fortunately, Qian Ming has it here.

Although the Qian NPC has a big brain, he is still good at reading people.

Although YouRong and Maida have different development directions, the CEOs are both considered leaders, and they are quite good teams.

So, Cao Shen listened to Qian Ming's introduction one by one with great interest.