Zhang Tao did not come alone. He also brought several senior executives from the Volkswagen Group to join Cao Cao in commenting.
Supplementary comments from Cao Cao on the combat capabilities of the senior management team.
To say that Dianping lost to Magnesium Group, a large part of the reason is that Tengxun, the largest financial backer behind it, was impressed by the blueprint described by Wang Xing.
Stop investing in Dianping and join forces with several other shareholders to single-handedly promote the merger of the two companies.
Zhang Tao joined Cao Cao Dianping, which is a return to his old business and continues to do group buying business.
Gan Jiawei is still in charge of the food delivery business group, and anyone with a discerning eye knows that the food delivery business will be the core of Cao Cao Dianping in the future.
In contrast, the group buying business is more of a countermeasure to compete with Magnesium Group at the same level.
Zhang Tao has been holding back his energy, hoping to find an opportunity to have a few more back-and-forth fights with Wang Xing.
Faced with the olive branch offered by Chen Dongcheng, Zhang Tao agreed without any hesitation.
Chen Dongcheng continued: "After discussions between me and President Peng of Yuansheng Capital, Yuansheng Capital agreed to inject an additional US$100 million to convert its Caocao Takeout shares into Caocao Dianping stocks. After the capital increase, the shareholding ratio will be 6%.
"
The executives present exchanged glances with each other and couldn't help but feel a little happy.
Yuansheng Capital has previously invested US$200 million in Cao Cao Food Delivery.
Now we have invested an additional US$100 million to get 6% of the shares.
This is equivalent to the valuation that Yuansheng Capital gave Cao Cao Dianping to at US$5 billion.
The price was far beyond their expectations.
You must know that apart from the takeout business, Cao Cao Dianping’s other business is about zero.
“The head office decided to invest US$400 million to stabilize the takeout market share and quickly implement the construction of business lines such as home delivery and in-store delivery.
You can directly discuss how to recruit people and hand it over to Mr. Zhang. My only request is that it must be done quickly.
Before September next year, I want to see that other businesses are competitive to a certain extent, is that okay?"
Chen Dongcheng looked around the audience, and Zhang Tao was the first to answer.
"I promised Director Chen that we will set up various business units as quickly as possible to regain market share from Magnesium Group."
"Well, that's it, the meeting is over."
Chen Dongcheng gave Zhang Tao a satisfied look, stood up and left the conference room.
"Mr. Gan, we have to work together in the future. I will fully support you in all matters related to the food delivery business group."
Zhang Tao walked up to Gan Jiawei, smiled and extended his hand.
Gan Jiawei smiled and replied: "I believe that under the leadership of Mr. Zhang, Cao Cao Dianping will make the magnesium group look good. This is our common goal."
What Zhang Tao said just now was just a signal, and he had no intention of getting involved in the takeout business.
From a certain perspective, King Xing is their common enemy.
Zhang Tao was eliminated from the company due to a hostile takeover.
Gan Jiawei built an underground push force for the Magnesium Regiment, but was also eliminated.
King Xing is ambitious and only cares about profit.
Anyone who threatens his status will have only one outcome, and that is to be kicked out.
After the meeting, news of the establishment of Cao Cao Dianping quickly hit the Internet.
Chen Dongcheng's phone number and WeChat almost exploded.
No one expected that the two companies would escalate from competition in the food delivery business to an all-round confrontation.
Cao Cao Dianping announced to the outside world that it had completed its A-round financing, led by Cao Cao and Yuansheng Capital.
Raised US$500 million, with a post-investment valuation of US$5 billion.
Before Magnesium Group had time to celebrate the annexation of Mobai, they received such shocking news!
The establishment of Cao Cao Dianping is very fatal to Magnesium Tuan, which is about to go public.
Many analysts who were not very optimistic about Magnesium Group Dianping had more reasons to lower the stock price of Magnesium Group.
…
Magnesium Group headquarters, conference room.
The faces of the executives present were a little ugly.
Fortunately, they had various interactions with Mobike on Weibo two days ago to celebrate the merger of the two companies.
Many financial newspapers and institutions are very optimistic about Magnesium Group's listing in Hong Kong.
With the emergence of Cao Cao's comments, the direction of public opinion has completely changed.
Outsiders are all questioning whether Magnesium Group can defeat Cao Cao Dianping?
The executives of Magnesium Group are very worried. The executives of Dianping who were driven away by them are now reunited in Caocao Dianping.
Think about the war in those years, which finally ended with the merger of the two companies.
Now the war is about to restart again, and Tengxun cannot help them this time.
Unless Cao Cao Dianping is beaten and cannot get the money, there will be no end.
Wang Xing saw everyone's expressions and couldn't help but feel a little disappointed.
"Look at how you look, don't you have the slightest image of a hegemon?"
"Since we can defeat Dianping once, we can defeat them a second time."
"History is written by the winners. We are still the leading company in the market, occupying more than 80% of the market share. These are our advantages."
The executives present looked a little ashamed, and Wang Huiwen was the first to apologize.
"It was our mistake that made Mr. Wang disappointed. I think we can be more aggressive and subsidize the takeout business more."
Wang Xing was noncommittal and signaled Wang Huiwen to continue.
Wang Huiwen coughed slightly and said: "Currently, the catering takeout business is the core of the group's revenue, accounting for 62%, and in-store, hotel and tourism businesses account for 32%."
"With the subsidies provided by several of us, the size of the food delivery market is expected to exceed 200 billion this year."
"It can be said that the food delivery business will be the core business of our group's future revenue and must not be lost."
Wang Xing lowered his head and looked at the document and said: "Our current market share is not leading, what's going on?"
Wang Huiwen glanced at Wang Xing cautiously and said: "Gan Jiawei of Cao Cao's takeaway is very good at leading the local promotion team to fight. In many third- and fourth-tier cities that are more difficult to deal with, Gan Jiawei will personally take action."
"Coupled with the fact that many elderly people have switched jobs to join Cao Cao Food Delivery, our expansion speed in third- and fourth-tier cities is slightly behind Cao Cao Food Delivery."
"Of course, the most critical thing is that we had several supplier troubles, which caused many powerful agents to choose Caocao takeout, which caused us great losses."
There are more than 600 cities in China, and it is impossible for any company to place employees in all cities.
It is common to entrust local business to some agents.
If powerful agents choose Cao Cao's take-out, Cao Cao's take-out will naturally be more competitive in this county and occupy more market share.
Wang Xing frowned even deeper when he heard the name Gan Jiawei.
Although Wang Xing did not personally do this to exclude Gan Jiawei, it was his tacit approval.
There is no other reason than to kill the donkey.
Although Gan Jiawei helped Magnesium Group build a local push force and was able to manage tens of thousands of people with ease, Gan Jiawei had Ahri's background.
The most important point is that Gan Jiawei's prestige in the magnesium group is very high.
How high is it? Even though Wang Huiwen and Wang Xing have a close relationship and have started a business together, they are the number two person in the magnesium group.
But within the magnesium group, no one recognized Wang Huiwen's status.
Gan Jiawei is the most deserving number two figure within the Magnesium Group.
Although Wang Xing felt a little sorry to let such a great talent go.
But he would never have thought that Chen Dongcheng would poach Gan Jiawei.
From the time Cao Cao Takeout was established, Wang Xing's eyelids jumped and he had a bad feeling.
Facts have proved that his hunch was right. Under the leadership of Gan Jiawei, Cao Cao Food Delivery frequently competed with Magnesium Group Food Delivery to compete for the market, subsidies, and building advertising.
The competition between the two companies is almost everywhere, making the former pioneers of the industry hungry and unknowingly labeled as the third child.
Are you hungry? The last thing you want is the third child's position.
Take a look at Baidu Takeaway and you will know how miserable this location is.
Investors or ordinary people will always only pay attention to the top two in the market.
The third-ranked company is far inferior to the top two in terms of order volume and brand influence.
Wang Xing made a decision: "I am very dissatisfied with the market share of the takeaway business.
I hope to see an increase in market share in the near future.
Hui Wen, I will give you an extra 100 million per month, so fight hard."
Originally, the monthly subsidy for Magnesium Tuan Food Delivery was 300 million. Now that it has been increased to 100 million, the pressure on competitors will naturally increase.
Wang Huiwen made a murderous statement: "Don't worry, Mr. Wang, I will personally supervise the battle. If anyone dares to fall behind, I will knock him out of his position."
Wang Huiwen is an old man who follows Wang Xing and is regarded as Wang Xing's confidant.
"In addition to the takeaway business, you must be careful in other major businesses. We must be prepared for a protracted war."
Wang Xing is still very cautious. The more times he starts a business, the more he understands the meaning of the word "walking on thin ice".
After the meeting, Wang Huiwen stayed and chatted with Wang Xing.
Wang Xing is not tall and has a baby face, but he has always had a serious and stereotyped image and has a deep prestige in the company.
Even Wang Huiwen, a veteran who followed him, did not dare to joke with him easily.
"Hui Wen, you said that we acquired Mobike, are you right or wrong?"
Wang Xing stood in front of the floor-to-ceiling window, looking into the distance and said slowly.
"Whether it's right or wrong, we have to accept it.
If we want to go public, we have to tell a better story to investors.
Mobility is at the core of our borderless model.”
Wang Huiwen said categorically: "I will pay more attention to the taxi-hailing business. Our online taxi-hailing license has been approved. We can test Didi's determination."
To put it bluntly, Magnesium Tuan is not making money from online ride-hailing at all.
As long as they dare to launch online ride-hailing business, it will be enough for investors to imagine the prospects of Magnesium Group.
If I really want to fight Didi to the death, how much would it cost?
Wang Xing’s thinking has always been that in addition to investing heavily in the catering takeout business.
For other businesses, just be a follower, not the leader.
What Magnesium Group wants is a borderless platform, not a hegemon in every field.
Magnesium Group cannot afford to play in that mode.
Wang Xing retracted his gaze from the distance and patted Wang Huiwen on the shoulder.
"Don't let the outside world say that we can't defeat a few people who have been kicked out. I can't afford to lose that person."
"I see."
Wang Huiwen looked worried: "I'm worried that Dianping's people will be upset. After all, Zhang Tao has returned to the Tuanguo market. If they want to poach them, they will definitely not refuse."
"All options for leaving are void. I want to see if Cao Cao Dianping is willing to bear this loss."
Wang Xing's face was indifferent, and he did not forget to remind: "Now send people to keep an eye on all the group buying merchants. Anyone who dares to post Cao Cao's review online will have my search weight reduced."
Wang Xing is fine if he doesn't take action, but once he takes action, he will definitely hit the enemy's weak point.
Cao Cao's comment was that he suffered a loss because he entered the game too late.
Magnesium Tuan has achieved a monopoly in the field of group buying, and it is too difficult to carve out a piece of meat from it.