My Life Can Hang

The chances of Cao Cao Dianping wanting to kill the opponent are even slimmer.

"Then start the B round of financing. Cao Donghua Fund will invest 3 million US dollars, Donghua Fund will invest 2 million US dollars, and the valuation will be calculated at 100 billion US dollars."

Zhang Tao's heart is pounding, and he has never managed a company with a valuation of 100 billion US dollars.

The previous public comment, the peak period, was only 40 billion US dollars.

And Cao Cao Dianping has just been established, and it has already surpassed Dianping and won a valuation of 50 billion US dollars.

Now, this valuation is directly doubled!

Valuation is entirely up to investors.

As long as investors are willing to take shares at this valuation, who cares whether the valuation is reasonable or not.

In addition to the high valuation, how much money you can get is also important.

Otherwise, it is pure nonsense to only invest 1000 million and offer such a high valuation.

For Internet companies, the more funds on their accounts, the more secure they are in their hearts.

Chen Dongcheng said in a serious tone: "The funds will be credited as quickly as possible. I heard that Wang Xing is contacting investors everywhere and intends to conduct the last round of financing before the listing. It must not make them feel better during this time period."

The positioning of the two companies is almost completely overlapping.

The scene of life and death must exist for a long time, and the opponent must not be given a chance to breathe.

After Zhang Tao dismissed the meeting, he instructed Wang Rui, director of public relations, to announce the news to the public.

Cao Cao Dianping has completed the B round of financing, and the valuation has reached 100 billion US dollars.

The signal revealed makes the magnesium group feel on pins and needles.

Many of their employees also questioned Wang Xing's decision to acquire Mobike.

In order to acquire Mobike, Magnesium Group did not just come up with $12.6 billion in cash.

Every month, the investment in Mobike is no less than [-] million.

When encountering Dai Wei, who has not completely shut down, ofo really wants to fight Mobike to the death.

In addition, Hello Bike, supported by Ali, entered the game strongly.

Relying on the deposit-free gameplay and the diversion of Alipay, it has attracted a large number of users to register for riding.

Didi also invests heavily in Qingju bicycles.

The money burned by the shared bicycle track is really not much worse than the takeaway.

In order to maintain Mobike’s market share, Magnesium Group spends no less than 1500 million on Mobike every day.

After a month, another 4 million funds were burned.

The sales of the takeaway business accounted for 45% of the overall sales of Magnesium Group. How could Wang Xing give up easily?

In the car-hailing business, Magnesium Group is only initially testing the waters.

Not to mention burning [-] million, the evaluation of online users is not good.

In the initial stage, various positioning were inaccurate, the driver canceled the order midway, and comments about extra charges were not uncommon.

Magnesium Group continued to stabilize its existing business after the Jianye subsidy tested Didi's bottom line.

One reason is that the magnesium group is about to go public, and it is not advisable to fight to the death with Didi, which has no pressure to go public, and the other is the lack of qualifications.

Sounds a little weird, but that's what it is.

Magnesium Group has only obtained the qualification for online car-hailing operation in Jianye area.

As long as they dare to launch the online car-hailing business in other cities, Didi's legal department can sue Mei Tuan to death.

Magnesium Group's business sounds good, it is called no boundaries.

To put it badly, they stop and die.

If you want to seek higher valuations, you have to keep doing other businesses.

For any business that can be mixed, Magnesium Group dares to go in and explore the risks.

No loss or no loss, at least make the plate bigger first.

……

Wangjing.

Magnesium Group Headquarters.

It was past nine o'clock in the evening, and the office building was still brightly lit.

It is common for everyone to work overtime in a big Internet factory, and all kinds of 996.

Especially in a company like Magnesium, which is always tense, it is normal for employees to work overtime.

As a result, many seniors working in the magnesium group heard that their younger brother had the idea of ​​coming to the magnesium group, and quickly persuaded them.

Where to go is not good, you have to come to the magnesium group.

"Mr. Wang, your coffee."

The secretary handed in the coffee and began to clean up the rubbish thrown away in the office.

Wang Xing took a sip of coffee, took off his glasses, rubbed his sore eyes, and made a gurgling sound.

"Go and call Mr. Wang and the others to the conference room, let's have a meeting."

"Ok."

The secretary immediately stopped his work and went out to call someone.

Wang Xing took a sip of coffee, then got up and walked to the floor-to-ceiling window, looking in the direction of the North Third Ring Road.

That direction is where Cao Cao's Dianping headquarters is located.

Many employees within the magnesium group are somewhat envious.

As soon as Cao Cao Dianping was established, he directly bought a square as the headquarters.

Look at them again, after so many years, they still rent office buildings everywhere.

East piece and west piece, I don't know which year it was.

"Mr. Wang."

Wang Xing walked into the conference room, and everyone shouted in unison.

"Well, everyone has worked hard, and I want to talk about two things."

After Wang Xing sat down, he looked around the executives present.

"At present, we have not much funds left in our account, and the only profitable business is the in-store and wine travel business.

But the combined sales of these businesses have only just matched the takeaway business.

Not to mention that Mobike, which has suffered serious losses, is dragging us down. "

"So, we need to plan ahead.

Before the next round of financing is finalized, subsidies begin to decline as appropriate.

We need to refine our operations, and we can't just rely on subsidies to keep our market share. "

"In addition, I announced that the online car-hailing business will be temporarily suspended. Until we go public and raise money, the online car-hailing business will be suspended indefinitely."

"We're going to focus all our energy on the takeaway catering business.

In particular, takeout is our top priority. "

chapter 410, fire the first shot

After the meeting, some executives of the magnesium group seemed a little disappointed.

Especially Li Yang, who was in charge of the taxi business, was extremely depressed.

Other executives who usually have a good relationship with him will pat Li Yang on the shoulder as a sign of comfort.

"Oh, it's easy for Mr. Wang to say this. How can I explain it to the staff below?"

Li Yang squeezed his fist, his face full of helplessness.

He is not complaining about Wang Xing. As an executive, he is naturally very clear about the situation of the magnesium group.

Fighting on all sides, all lines of business have formidable adversaries.

The speed of burning money is so fast that when Wang Xing opens his eyes, tens of millions are gone.

Originally, the magnesium group taxi was established, and Li Yang had ambitious plans to make a big effort.

Who would have thought that Didi, which has already formed a monopoly in the taxi market, would immediately shut down Meituan Taxi with a complaint.

Without the qualification of online car-hailing operation, the Magnesium Group could not expand its layout at all.

Three hundred million were burned without pain or itching, and the magnesium group taxi didn't even burn a few hairs.

Now the group encounters strong competitors, and even the financing progress is not very smooth.

Similar to taxi-hailing, a project that is destined to burn money for a long time and see no profit, Wang Xing can't be too cautious.

Back in the office, Li Yang faced the eyes of all the employees of the taxi business department, and revealed the above decision with difficulty.

The staff immediately fry the pot.

"No, so what should we do?"

"That's right. Although we had some problems in the early stage of business development, the order volume is solid. President Wang will think about it again!"

"Mr. Li, can't you change the tone of President Wang?"

The employees were chattering, apparently unacceptable to Wang Xing's decision.

Think about it too.

They, who were originally envied, suddenly fell into a position of indifference, and this gap was a bit uncomfortable.