Although Song Meng and the three of them drank a little too much, their eyes were still good.
Seeing Su Lili's hair disheveled and her suspender belt slipping slightly, they all felt a little suspicious in their hearts. Could it be that they both went to the toilet?
They also heard about the chaos in nightclub toilets.
"Tch, don't think blindly, I went in to play by myself."
Su Lili sat down angrily and poured wine into her glass.
She was puzzled, how could Chen Dongcheng have such strong determination, and she couldn't seduce him even though she tried her best.
After Chen Dongcheng sat down, Song Meng came over.
It's not that she is not confident in her boyfriend, it's Su Lili's vixen look that few men can resist.
Think about it, if a girl with half-dressed clothes, good looks and figure, takes the initiative to seduce you, how many of them can handle it?
Only a man who has enough strength, has seen countless big scenes, and is very determined can control Kiel.
"My dear, did that vixen hook up with you just now?"
Chen Dongcheng took a sip of wine, suppressed the heat in his heart, glared at her angrily and said, "What do you think, don't leave such a difficult task to me next time."
"Hehe, don't I have confidence in you?"
After Song Meng got a satisfactory answer, she put it in Chen Dongcheng's ear and whispered a few shy words.
The other two girls kept pestering Su Lili and asked her about the details of the outing just now.
Su Lili looked impatient: "Nothing happened between me and Mr. Chen. To be honest, I admire Mr. Chen very much. If it had been Zhao Rui, he would have taken the girl to the toilet to have fun."
As expected, Su Lili drank too much, but the reason for her drunkenness was unclear.
When Zhao Rui came to pick up Su Lili, his face looked a little ugly.
If anyone else saw his girlfriend dressed in revealing clothes and drunk, her face would not look good.
Chen Dongcheng arranged for Xie Jingyu to send the other two girls away and took Song Meng back to the hotel, and by the way, he fulfilled everything Song Meng promised.
…
Song Meng has changed a lot in the past few years. She wears a formal suit and has the temperament of a female elite in the workplace.
Peking University's MBA still has a certain value. After learning the theory, you have to put it into practice.
Ideal International Building.
In the conference room.
Zhang Tao has informed this in advance, and all the executives present are already aware of the relationship between Song Meng and Chen Dongcheng.
"Everyone, I officially announce an appointment. Miss Song Meng will officially serve as the chief recommendation officer of the Black Pearl Guide. She will report directly to me in the future. Everyone welcomes her."
After Zhang Tao said with a smile, he took the lead in applauding.
Others followed suit, and Chen Dongcheng, who was sitting in the main seat, also applauded and looked at Song Meng expectantly.
Song Meng stood up and smiled at everyone, and then said: "I am very grateful to Director Chen and Mr. Zhang for giving me this opportunity. I will prove myself with my results, and I hope you will give me your advice in the future."
Announcing Song Meng's resignation was only part of the meeting.
Zhang Tao smiled and nodded to Song Meng, and then reported: "Regarding the subsidy in the takeout market, it has entered into full swing. Every month, three companies invest no less than 400 million. What is the concept?"
"The US$500 million in our A-round financing has not been spent at all, and we are also actively looking for countermeasures."
"Fortunately, the acquisition of Magnesium Team Mobike has seriously dragged down their financial situation. This is a good opportunity for us to catch up with them."
The rapid development of the food delivery market is largely due to the desperate subsidies provided by these three companies.
Many people who originally didn't pay attention to takeout were immediately attracted when they heard that they could order a meal from KFC for more than 30 yuan and get it for more than 10 yuan after subsidy.
In addition, Magnesium Tuan has WeChat diversion, Are You Hungry has Alipay diversion, and Cao Cao Takeout has Cao Cao Pay and Douyin diversion.
The strength of the three families is on the same front.
The remaining relatively small platforms can only occupy a very small share, looking up at the three giants fighting each other.
The commission is 0, and the only profit is some promotion fees.
During this period, both merchants, users, and riders are all in a carnival period.
They hope that these three companies will fight more and more fiercely, so that they can get more lasting subsidies.
"I have talked with Mr. Peng. Yuansheng Capital supports us unconditionally. They are raising a new phase of funds and may inject us with capital for a second time."
Zhang Tao looked at Chen Dongcheng again: "Dr. Chen, can Donghua Fund invest some money in us?"
The Internet is burning money too fast, especially in the field of food delivery, which is purely ripe for capital.
Everyone knows one thing: whoever survives to the end will be able to take the initiative and start counterattacking merchants and users.
Chen Dongcheng knows better that the takeaway business is the core of Magnesium Group.
If no funds are provided, Magnesium Group can still sustain itself for a while with its size.
Once Magnesium Group completes a new round of financing, it will wait until it is listed in Hong Kong.
Cao Cao commented that the chance of killing the opponent was even slimmer.
"Then start the B round of financing. Cao Cao will invest 300 million U.S. dollars in shares and Donghua Fund will invest 200 million U.S. dollars. The valuation will be calculated based on 10 billion U.S. dollars."
Zhang Tao's heart was pounding. He had once managed a company with a valuation of US$10 billion.
At its peak, Dianping’s previous revenue was only US$4 billion.
Caocao Dianping has just been established and has already surpassed Dianping and achieved a valuation of US$5 billion.
Now this valuation has been doubled!
Valuation is entirely up to investors.
As long as investors are willing to take shares based on this valuation, who cares whether the valuation is reasonable or not.
In addition to the high valuation, how much money can be obtained is also important.
Otherwise, it would be sheer nonsense to only invest 10 million and offer such a high valuation.
For Internet companies, the more funds they have in their accounts, the more secure they feel.
Chen Dongcheng said in a serious tone: "This fund will arrive as soon as possible. I heard that Wang Xing is contacting investors everywhere and plans to conduct a final round of financing before going public. We must not make it easy for them during this time."
The positioning and business of the two companies are almost completely overlapping.
A life-and-death situation will inevitably exist for a long time, and the opponent must not be given a chance to breathe.
After the meeting, Zhang Tao ordered Public Relations Director Wang Rui to announce the news to the public.
Caocao Dianping completed its B-round financing and was valued at US$10 billion.
The signal revealed made the magnesium group feel on pins and needles.
There are also many employees within them who question Wang Xing’s decision to acquire Mobike.
In order to acquire Mobike, Magnesium Group not only spent US$1.26 billion in cash.
Every month, no less than 400 million yuan is invested in Mobai.
When encountering Dai Wei, who has not yet completely turned off, ofo is really going to fight Mobike to the death.
In addition, Hello Bicycle, supported by Ahri, has entered the game strongly.
Relying on the deposit-free gameplay and Alipay's traffic diversion, it has attracted a large number of users to register for cycling.
Didi also invested heavily in Qingju Bicycle.
The money spent on shared bicycle tracks is really not much worse than taking out food.
In order to maintain Mobike's market share, Magnesium Group spends no less than 15 million on Mobike every day.
One month later, another 400 million in funds were burned.
The sales of the takeaway business account for 45% of the overall sales of Magnesium Group. How could Wang Xing give up so easily?
In the online car-hailing business, Magnesium Group is only testing the waters initially.
Not to mention that it burned 300 million yuan, but the reviews from online users are not good either.
There are many comments about inaccurate positioning in the early stage, drivers canceling orders midway, and additional charges.
After testing Didi’s bottom line with Jianye subsidies, Magnesium Group continued to stabilize its existing business.
One reason is that Magnesium Group is about to go public and it is not appropriate to compete with Didi who has no pressure to go public. The other reason is that it lacks qualifications.
It sounds a bit weird, but that's what it is.
Magnesium Tuan has only obtained the qualification to operate online ride-hailing services in the Jianye area.
As long as they dare to launch online ride-hailing services in other cities, Didi’s legal department will sue Magnesium Group to death.
To put it nicely, Magnesium Tuan's business has no boundaries.
To put it bluntly, they will die if they stop.
If you want to seek a higher valuation, you have to continue to develop other businesses.
Any business that can be involved, Magnesium Group dares to go in and explore the risks.
Regardless of whether you are losing money or not, at least make the plate bigger first.
…
Wangjing.
Magnesium Group Headquarters.
It was already past nine o'clock in the evening, and the office building was still brightly lit.
Working overtime and various 996 tasks in major Internet companies are commonplace for everyone.
Especially for a company like Magnesium Tuan, which is always tight, it is normal for employees to work overtime.
As a result, many seniors working in the Magnesium League quickly tried to persuade their juniors when they heard that they wanted to come to the Magnesium League.
No matter where you go, you have to come to Magnesium Tuan.
"Mr. Wang, your coffee."
The secretary handed the coffee in and began to clean up the trash randomly discarded 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 others to the conference room. Let's have a meeting."
"OK."
The secretary immediately stopped what he was doing and went out to call someone.
Wang Xing took a sip of coffee, then stood up and walked to the floor-to-ceiling window, looking in the direction of the North Third Ring Road.
That direction is where the headquarters of Cao Cao Dianping is located.
Many employees within the Magnesium Group are a little envious.
As soon as Cao Cao Dianping was established, it directly bought a square as its headquarters.
Look at them again. After all these years, they are still renting office buildings everywhere.
There are pieces here and there, and I don’t know which year they are.
"Mr. Wang."
Wang Xing walked into the conference room, and everyone shouted in unison.
"Well, everyone has worked hard. I mainly want to talk about two things."
After Wang Xing sat down, he looked around at the senior executives present.
“Currently we don’t have much money left in our accounts, and the only profitable businesses are hotel and hotel business.
But the combined sales of these businesses are just about the same as the takeout business.
Not to mention that Mobike, which has suffered serious losses, is dragging us down."
“So, we need to prepare for a rainy day.
Subsidies begin to decline as appropriate before the next round of financing is finalized.
We need to refine our operations and cannot just rely on subsidies to maintain our market share."
"In addition, I announced that the online ride-hailing business will be temporarily suspended. Until we can raise money from the listing, the online ride-hailing business will be suspended indefinitely."
“We want to focus all our energy on the takeaway catering business.