After failing the college entrance examination, he spent tens of billions of dollars in online loans

"Boss Horse!"

“There are currently more than 20 platforms on the market!”

"Each of them has as few as 20 bicycles, and as many as more than 100 million!"

“Tens of millions of bicycles have been put on these platforms, which has had a huge impact on the entire market!”

“It’s not just us who are affected, Panda Bikes’ situation is even worse!”

"Their market share now only accounts for 10%!"

The vice president in charge of managing Worship Bicycle said helplessly.

The entire industry has been rolled up again, and there's nothing they can do about it.

Their share has dropped to 50%, but they are still the largest brand

It would be great if this situation can be maintained now.

"hateful!"

"Why did it become like this!"

Ma Fugui was very angry. They were thinking of slowly raising prices after monopoly. It would be best to make money slowly.

And now, I was beaten for free again

This round of impact caused serious damage.

"Boss Horse!"

"Now the second round of shuffling is coming!"

"Even if someone can't hold on anymore!"

"It's just that we don't feel comfortable either!"

“You must endure continuous losses before you can stand firm again!”

Yes, the market cannot accommodate so many shared bicycle brands.

There will definitely be another shuffle

It’s just that the brands that have just joined now are on the rise. They have just received investment, and before the money is spent,

It's impossible to just admit defeat like this

This situation will continue, and it will continue continuously

"I heard that this was done intentionally by the foundry controlled by Chen Fan!

“They even sell bikes to smaller brands at cheaper prices.”

Ma Fugui heard the news, and he was very shocked at this time.

This made him even more angry. He just wanted to confirm whether this was the case

"Boss Horse!"

"Indeed!"

"Chen Fan seems to be interested in supporting some small brands!"

"This is targeting us, I'm afraid!"

This also made them very angry. After all, the factory they controlled from Chen Fan cost 600 yuan for a bicycle.

In fact, the cost of one car has been raised to 300 yuan now, but the other party still sells them so expensively, it is simply a money trap.

But the quantity they want is also large. Although they have controlled some foundries, the production capacity is far from enough to satisfy them.

They could only ask Chen Fan to buy it, which was the most frustrating thing.

"hateful!"

"Chen Fan is going too far!"

“They cheated us, and now they want to knock down the worship bikes!

Ma Fugui's hatred for Chen Fan is very strong

He already knew that they were definitely harmed by the trap deliberately dug by Chen Fan. Now they can only buy bicycles at a high price.

The most important thing is that the other party deliberately sold it to their competitors at a low price.

It's really too much.

"Boss Horse!"

“The current market is generally not very optimistic about shared bicycles!”

“Bike sharing may not really have much future!

The vice president expressed the opinion of the Strategic Research Department

That is, the space for future imagination of shared bicycles is still too weak.

The demand for online ride-hailing is huge, and shared bicycles do exist, but they are only limited to one kilometer to and from get off work.

If the price is too high, users will obviously not be able to accept it.

They are more willing to walk

After all, they are all working people. They can save every penny they can, but at worst, they can just use it as exercise.

This is different from online car-hailing. Online car-hailing involves long distances and walking cannot be replaced.

If the price is too low, it will never be profitable because the operation and maintenance costs of bicycles are very high.

Once there is a problem with the bicycle, it needs to be repaired. Now, the cost of riding the bicycle cannot cover the cost.

What's more, it's still a price war, and they are losing money.

"No future!"

"That's not what you said before the acquisition!"

“You are saying that worshiping bicycles can be an industry!

Ma Fugui was very angry. What was the use of hindsight now? They had already acquired it.

And he spent a lot of money to run it.

Now there is no future, they have already invested in it

Now there is no one to take over.

Only by promoting the listing can the majority of shareholders take over the market.

"Boss Horse!"

"One moment, another moment!"

“At that time, worship bikes had unified the market!”

“Even controlling the supply of bicycles!”

"They can suppress their opponents, but the worship bikes we acquired have lost this right!"

The vice president lowered his head. This was caused by their accident.

Who would have thought that they didn’t get the exclusive rights to bicycles? Now they are extremely passive.

What's more, the other party controlled the production capacity of bicycles and supported the other party, which caused a huge blow to them.

"There is no turning back for us!"

“To worship bicycles, we must promote their launch!”

"Otherwise, all our tens of billions of investments will be wasted!"

"We will lose half of our profits last year!"

Yes, they made a profit of 300 billion last year, but now they have invested almost 200 billion in the field of shared bicycles.

So much money cannot be realized, which is a huge blow to Aladdin. Originally, they could develop e-commerce with this money.

It is possible to expand more channels

But it hit a shared bicycle.

"Yes!"

"We must work hard!"

The vice president said solemnly, but he didn't have the confidence in his heart because the entire market is very bad now.

Too many competitors

They are all compressing their markets

They can't come up with a good way to attract users.

The market is already saturated, and now all we can do is wait for our competitors to slowly close down.

No matter how good the marketing is, it’s useless. It’s just a waste of time.

People who worship bicycles have been cheated very badly, and the situation of Panda Bicycles is even worse.

Their market was cut in half

It can be said that they were second in the market before, but now, they can’t even keep the second place.

Because new platforms have emerged, and their market share is almost the same.

"hateful!"

"Why is this happening!"

"What the hell did we do wrong!"

Wang Chongming is really desperate. He has watched his platform drop to this level little by little. It is really difficult.

They spent so much money, investing tens of billions, and became one of the many brands.

It can be said that it has been reduced to a small brand now, and the real big brands can only worship it.

But worship is also losing its share, and the entire industry is failing.

"Young Master Wang!"

"Let's stop the loss in time and sell the platform!"

"Yes, Mr. Wang!"

"Sell it"

"There is no chance anymore, and we have no money!"

Sun Ping can no longer hold on, they can no longer see the future

The same goes for Liu Jun. All their wealth has been invested in it. Now they just want to sell as much as they can. They don't want it to be worthless and eventually go bankrupt.