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Back To 2005 - Chapter 1072

Published at 19th of January 2023 05:22:27 AM


Chapter 1072: Let's see who burns the money first

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  Chapter 1072 Let's see who burns the money first

   "哗哗哗"

   "Thank you BOSS."

   Before the meeting even started, upon hearing such good news, all the high-level executives of the celebrity group present applauded, and Qi Liang expressed his thanks on behalf of everyone.

  Although the assets of the celebrity group are expanding rapidly, their annual salary is far from enough to buy a luxury yacht. The reward from the big boss this time can be regarded as a sudden increase in their real assets.

   "Okay, let's get started."

   Stopping the flattery of his subordinates, Zhou Anan directly started the meeting agenda.

   "Xiaonei.com has rejected our acquisition proposal, and the focus of Weike's publicity will shift from social groups to major universities."

  About the proposal to acquire Xiaonei.com, Zhou Anan passed it at the meeting at the beginning of the year, but it was a pity that the other party did not agree to the acquisition, which made him feel a little pity.

  In the current situation, the campus network resources with many fans in major colleges and universities are still good. After the acquisition of Celebrity Wechat, it can completely seamlessly occupy the network social field of domestic colleges and universities, and there is no need to spend effort to promote it.

   It's a pity that Xiaonei.com has even bigger ambitions and wants to go public independently.

  In Zhou An'an's memory, the other party was indeed listed on NASDAQ successfully, but because there was no core competitive product, it declined within a few years, and finally reduced to a place where it was packaged and sold to a certain Internet company, which is embarrassing.

   "In the promotional activities, you can choose some young and positive artists to do a tour."

  Listening to the strategic direction of the company's development from the CEO and others, Zhou An'an occasionally added a few sentences, but he didn't have much guidance.

  So far, Celebrity Wechat is on the right path. As long as it doesn’t risk its life, it is inevitable to ring the bell on NASDAQ.

  As a behind-the-scenes big boss with average leadership and management ability, Zhou An'an only needs to let the group avoid those traps that don't need to be stepped on, that's enough.

  Actually, Zhou Anan didn't want to let his company go public, and then expose part of his wealth, and preferred to be a low-key little rich man.

But Celebrity Wechat has already involved the interests of too many people, and its development trajectory is no longer up to his major shareholder. Zhou Anan can only maintain control of this social giant and let it cruise in the direction he wants. .

  As for the possible asset exposure after the company goes public in the future, Zhou Anan also has an idea, and it is enough to hide himself behind some investment institutions.

   Keep a low profile, but he will stick to it to the end.

   "BOSS, I want to report to you alone."

   "Come to my office."

  The more than one hour meeting ended, Zhou Anan looked at Cen Sui who called him to stop him, and nodded in agreement.

  Backing to his office, Zhou Anan took the coffee from the beautiful assistant, and said casually: "Make a cup of Blue Mountain for Mr. Cen, without sugar."

   "Thank you BOSS."

  Listening to the young boss talking about her preferences, Cen Sui thanked her gratefully.

   "Why, there is pressure on the investment of Mingpinhui?"

   Sitting on the sofa, Zhou Anan took a sip of coffee with two sugars added, and asked with a smile.

   "Yes, the competition between Famous Products Fair and Quanpinhui is becoming more and more fierce. Although there is JD's logistics support, the loss is much lower than that of Quanpinhui, but if this continues, it is likely to form a vicious circle."

   Speaking of this, Cen Sui expressed all the worries that were not mentioned at the meeting.

  Famous Exchange is now facing not only the problem of burning money for traffic, but also a series of future impacts, including but not limited to the market price after winning.

   "Your worries are not unreasonable, but the current situation is not something we can stop if we want to. The final result is just to see who can't sustain it first, and will eventually be acquired by the opponent."

   Smiled, Zhou Anan didn't care about the money-burning model of Famous Exchange.

  Although the investment is a bit larger now, the field of special sale websites has been developed extremely rapidly.

  With the continuous increase of contracted brands, the sales of Famous Products are gradually increasing, and it is likely to catch up with TB and JD in online shopping sales.

  Although the development of Quanpinhui is becoming more and more prosperous, its after-sales service cannot keep up with the development speed of the website, and sometimes money is not everything.

  A complete after-sales channel and logistics system cannot be established in a short period of time with money.

  Even though Quanpin will delete buyers’ negative comments in private and maintain a superficial prosperity, according to the survey conducted by Mingpinhui, the reputation of competitors and the word-of-mouth among buyers in reality have begun to be affected to a certain extent.

  Just like DD and YB many years later, they continued to burn money to expand the market, and even burned hundreds of millions of subsidies every day, which can be called a money-burning machine.

  Finally, DD, which has a larger market share, acquired YB and started a monopoly mode in the taxi-hailing market, taking back the money that was previously thrown away from the 'sheep'.

  Nowadays, Famous Products, which has a better reputation and a higher market share in the special sale website industry, has a higher chance of eventually acquiring Quanpinhui. It just depends on when the other party can't persist.

   When Mingpinhui becomes dominant, it will naturally be able to earn back the funds burned in the early stage. It is only a matter of time.

  As the largest investor, Zhou An'an was not in a hurry to cash in at all, and he didn't care that much about Huaxia Fengwu's investment of more than 100 million yuan in the early stage.

   The only ones who are in a hurry are the opponents.

   "According to the current budget, the 600 million funds in the famous brand remittance account are only enough to support one year."

   Speaking of the huge sum of money raised recently, Cen Sui was worried.

"600 million will be burned for another year? It's too long, you can tell Mingpinhui that the 600 million will be burned within half a year. The money is gone, and the next round of financing can be carried out. As long as we maintain the industry's The advantage is that some people will invest more, since the other party has started the war mode, then don't look forward and backward."

  Hearing the time in Mr. Cen's mouth, Zhou An'an frowned, and rarely directly intervened in the development strategy of the company below.

  Since the opponent wants to burn money, then burn it faster to see if the opponent can keep up.

  What about the so-called top 100 companies behind it, and they are not the top 100 companies in the world, so how much cash can they burn.

"OK."

   Unexpectedly, my worries were not worth mentioning to the big boss, so the relieved Cen Sui simply nodded in response.

   Let’s talk about Huaxia Fengwu’s several venture capital investments. Zhou Anan didn’t have any special instructions. After the other party left, he lay down on a six-figure massage chair and began to routinely enjoy the professional fingertip massage from the beauty’s special assistant.

   "BOSS, less than two hours after the XA Fund opened for subscription, there are already 600 million subscription funds."

"So fast."

  Listening to the report from the beautiful assistant, Zhou Anan couldn't help opening his closed eyes, and just happened to see the scenery less than ten centimeters above, as if he could reach it with his hands.

   Unexpectedly, when the tall and long-legged beauty special assistant bent over, her real skills were quite good.

   "Yes, 400 million more in the first hour."

   Didn't know that the big boss had opened his eyes. Huang Ying was concentrating on performing her duties, with sweat on her forehead.

   "Well, let me know when the subscription amount is full."

  Close your eyes again, Zhou Anan said calmly.

"OK."

  XA Fund's 1 billion subscription quota came earlier than Zhou Anan expected to be fully funded.

   At 3:30 in the afternoon, the news came from the European stock market that the public stock soared from 300 euros to 400 euros in just ten minutes after the opening of the market, and this side received a report from the beautiful assistant.

  XA Fund's 1 billion subscription quota is full.

  (end of this chapter)




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