Chapter 174 Burning money is the road of no return
"Liu Qing doesn't want us to take advantage of him at all."
When Lin Yi said this, his mentality was relatively relaxed, because in fact, he had already taken advantage of traveling thousands of miles away.
This time, the stewardess' public relations handling was very swift and effective. It is said that many companies are studying and learning from this "excellent example".
However, the reputation of Dudu Taxi and Liu Qing himself will inevitably be affected, and some users who are deeply dissatisfied with this will leave the platform without looking back.
Since domestic Uber has become one company, they only have the option of traveling thousands of miles away.
Moreover, Li Moyan’s previous promotion of the company on the show and the safety concept of Wanli Travel have been widely recognized. In the words of some online comments:
"This girl looks more trustworthy than Liu Qing."
Liu Jianni commented: "Liu Qing is a little anxious to choose to re-launch Hitchhiker now, because the controversy of this matter has not completely passed, and they will definitely be criticized online, saying that they look ugly."
"But she still chooses to do this. It seems that the pressure of the ride-hailing business is really great."
In the past, I took a taxi and offered a reward of 1 million yuan to track down the murderer. Later, the team that recovered the body asked for the money, but the company did not recognize it, and the lawsuit still has to go to court.
All in all, it's just a piece of cake.
Li Moyan frowned and said: "But their substantive rectification measures are actually relatively limited and have not solved all safety hazards."
Lin Yi said happily: "It's normal for her to be a little nervous. This seems to be the first time that Dudu has suffered a loss at our hands since the merger with Kudu, right?"
"Although the opponent has been changed from Cheng Wei to Liu Qing, with the current situation of the two companies, she is definitely not willing to be humble to us in any aspect."
"But strictly speaking, this opportunity actually came to her because of her own flaws, rather than because of any obstacles we created for her."
"Whether it is a company or an industry, when it develops to this level, problems can only occur internally first, and no one can knock it down from the outside."
Now the latest valuation of Liu Qing’s Xindu and Wanli Travel together is more than 30 billion US dollars, which is already very large.
In fact, according to the experience of the United States, the two companies do not have to be at odds with each other. Aren’t Uber and Lyft neither able to do anything to the other?
But obviously, Liu Qing did not intend this.
Lin Yi has no plans to shake hands and make peace, otherwise the two of them should be sitting together now to discuss reducing subsidies.
At this point in the war, there is no bat like in 2014, and there is still Majek who can jump out and make peace for them.
Because there are already too many chips on the table, including bat's own.
Liu Jiannihui reported: "Taxi has almost exhausted all the possible business scopes involved in taxi-hailing software in 2015. Now there is very little room left for Liu Qing."
"After this hitchhiking incident, Liu Qing may have figured out that competition in business is unlikely to produce the results she wants, or it may be that it is not convenient for her to take any action in her new city recently."
"So she shifted the battlefield back to something she is familiar with. It is said that they are already seeking the next round of financing."
Liu Qing is actually not short of money. The company's book funds are very abundant, but the purpose of financing is not just to get money.
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Besides, no one would mind having too much money, right?
Wanli Travel’s last round of financing was at the beginning of the year, and it was almost after the year, but it was only US$1 billion at the time. Its official last round of financing was actually the US$2.4 billion in the middle of last year.
Moreover, after merging with Uber A, the valuation of the other party should be significantly improved, and the current situation is very favorable to Liu Qing.
Lin Yi asked: "Do you think we can still do a round of financing now?"
Jenny Liu replied: "It's not a good time for us now, but I suggest we'd better do something."
"In the past, Kuaidu, now Xindudu, and even Uber during Kalanick's time, they can raise one round or two rounds a year. As long as the price is right, they will take it all."
"We don't have to tie ourselves too much, especially before this round of investment in Factory A. In fact, we are still in a relatively dangerous position."
"The most direct meaning of going out to raise money at this time is to snatch money from Liu Qing's bowl. If we raise one more dollar, she will get one less dollar, and one will go away and the other will go up."
The shareholder structure of Wanli Travel is actually relatively simple. There are several major shareholders who are clear about it, but it is quite different with Liu Qing.
Her new capital has gone through two mergers, and its shareholder lineup is so complicated that many people within the company may not be able to figure it out, otherwise Cheng Wei would not have been kicked out in a mysterious way.
"I agree to continue financing. Since Liu Qing can compete with us in terms of business, we can naturally compete with her in terms of capital."
"The only thing worth noting is that the more financing we absorb, the weaker our control over the company will become."
"The more we rely on financing to determine the outcome of the industry, the more serious the capitalization will be. In the end, it will definitely be the investors who come together to decide the ownership of the company, not the entrepreneurs themselves."
"Perhaps this is Liu Qing's plan. After all, no one is better than her at balancing the interests of various capitals that each have their own desires."
Liu Jianni commented pointedly: "Burning money is a road of no return. Since we have come so far, we can only move forward."
She seemed to be reminding that constantly introducing new investors and constantly using their money to subsidize the market was a method that started with Lin Yi.
Of course Lin Yi would not have such thoughts. No one knew better than him that this scene would be unavoidable even if he did not appear.
This matter cannot be explained, so he simply said: "Tell me about your plan."
Jenny Liu followed suit and said: "At this stage, there are very few mainstream venture capital institutions that have not invested in the taxi-hailing industry."
"Among the remaining institutions, as long as they are market-oriented, Xindu should be able to look at us. These will be the focus of our competition with Liu Qing."
"Of course, another important part is to continue to tap existing shareholders. After all, their financial strength exceeds that of most institutions in the world."
"Actually, I thought of a company that is very suitable in terms of willingness and strength, but the other party happens to be Liu Qing's shareholder."
"So we may have to think of ways to make him make the choice we want between us and Liu Qing."
Lin Yi didn't bother to guess and asked directly: "Which one is it?"
Jenny Liu replied: "SoftBank has always been very optimistic about the taxi-hailing industry. Although it has already invested in Kuaidu with Factory A, as far as I know, it is still willing to increase its investment independently."