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Chapter 207 Investing in Rice Balls (Please subscribe! Please ask for a monthly pass!)
The successful holding of the Double [-] promotion event has allowed StarHub Department Store to once again surpass Tao Bao. In the competition between Tao Bao and StarHub, it can be said that each has its own winner or loser, but the status of the two companies is difficult for other companies to shake. Yes.

At this time, Eat Me, ushered in its strongest competitor, the rice group company founded by Wang Xin, which appeared in front of everyone like a dark horse.

In 31, Wang Xin founded Meituan. He was only [-] years old. He would never have imagined that the first person to invest in Mituan would be Ouyang Dehe, the founder of Eat Me.

"Mituan will be Chime's competitor, and will be the biggest and strongest competitor. I don't understand why you want to actively invest in Mituan. It doesn't seem to be of any benefit to you, right?" Wang said. Xin was very puzzled and asked Ouyang Dehe.

"I didn't invest in rice balls. I invested in you at the time. I am optimistic about your future growth value. This is the most important thing." Ouyang Dehe said with a smile.

"Besides, Mituan is currently doing group buying business, and it seems that it has no plans to start a takeaway business! So I don't think Mituan will be the biggest and strongest competitor of Eat Me."

"I don't really understand. What do you mean? Although I have been working hard and starting a business, and I have repeatedly failed, but so far, I have not really had that successful business. I am not even optimistic about myself. How can you be optimistic about my future growth, and my future growth value?" Wang Xin said a little puzzled.

"And I won't hide it from you. After Mituan has gained a firm foothold in the group buying business, Mituan will start other businesses sooner or later. The food delivery industry is very likely to be the main business of Mituan's future development. Therefore, Mituan and eating Well, sooner or later you will face competition and become an opponent, if you invest in Mituan now, aren't you afraid of raising tigers?"

"Maybe it's intuition! My intuition tells me that you will succeed, so I think you are worthy of my investment in you, and that's how I solved the bill!" Ouyang Dehe said.

"Of course! If you don't want to accept my investment, you have the right to refuse. After all, you are the founder of Mituan. You have the right to accept anyone's investment, and you have the right to refuse anyone's investment in you."

"As for competition, I don't think it's a bad thing to cultivate a competitor. Only with competition can the industry develop better. If there are no competitors, then what is the motivation for competition? .”

"Why should I refuse, I can't seem to find any reason, and to tell you the truth, you can be said to be my idol, I am very happy, I will be appreciated by my idol, so I am very happy to accept you investment." Wang Xin said with a smile.

In the end, the two reached an agreement. Ouyang Dehe invested 20.00 million yuan in Mi Tuan, accounting for [-]% of the shares.

With the [-] million yuan, Mituan expanded rapidly, entered many big cities, established branches, and achieved very good results in group buying, far ahead of other group buying companies.

The purpose of Mituan's establishment is to find the most trustworthy merchants for consumers, so that consumers can enjoy high-quality services with ultra-low discounts.

Find the most suitable consumers for businesses, and provide businesses with the most profitable Internet promotion.

During the whole operation process of Mituan.com, there is no risk for merchants. If consumers are interested in the products of cooperative merchants, they can log in to Mituan.com, place an order through Starlight Pay, Taofubao or UnionPay card, and then consumers will receive , Consumers can directly go to merchants for consumption with the SMS password coupons sent by Mituan.com, and merchants can settle with Mituan.com with consumer coupons.

In order to better serve merchants and consumers, in addition to strict merchant review, Miduan.com also invested tens of millions of yuan to establish a user service center, and promised unconditional refund service if no consumption is made within seven days.

In addition, a series of worry-free consumer protection plans have been launched, such as unsatisfied consumption, free order for rice balls, one-click refund for overdue consumption, etc., forming a complete group purchase worry-free and consumer protection plan.

It relieves consumers from worries about group purchases, allows them to easily make group purchases and consume with confidence, thereby winning users' confidence in consumption.

At this time, due to the rapid expansion of Mituan's funds, it has become tense again, and through more than a year of development, Wang Xin has many ideas, and has more experience and confidence to make Mituan develop better.

However, if they want to develop faster, they need to invest more funds. The income of Mituan is difficult to support the development of new business, even the group buying business itself, so it can only start the B round of financing.

The first thing Wang Xin thought of was his idol, the boss of Starlight Group and the founder of Xinghe Company, Ouyang Dehe. The market value of the group has risen to 10 billion yuan.

One billion yuan is not much, but Ouyang Dehe didn't intend to ask for it alone. Instead, he suggested that Qi Xin of Tomorrow Capital and Ma Huateng of Penguin Company also invest in Mituan.

In addition, it is recommended that Wang Xin be more courageous, step faster, raise 30 billion yuan, and take out 30.00% of the equity.

Tomorrow Capital’s Qixin also noticed a dark horse that suddenly emerged among Internet companies, Mi Tuan.I have been observing Mi Tuan for a long time and have made the decision to invest in Mi Tuan.

It's just that they haven't had time to talk to Wang Xin about investing in Mituan Company. Unexpectedly, Wang Xin from Mituan Company has already taken the initiative to come to the door, hoping to obtain investment from Tomorrow Capital.

Of course Qi Xin was willing, but what she never expected was that Ma Huateng from Penguin Company and Ouyang Dehe from Starlight Company would also invest in Mituan, and they were ahead of Tomorrow Capital.

What Qi Xin didn't expect was that this was Mituan's B round of financing, and with an investment of 10 billion yuan, he could only get [-]% of the equity, which made Xu Xin very disappointed.

Qi Xin's Tomorrow Capital was originally an international venture capital company that was not very large in scale and strong in strength. It invested 10 billion yuan at one time and only obtained [-]% of the shares, but it has never been done before.

Although Qi Xin is very confident in the development of Mituan, he also knows that with a technical capital of 10 billion yuan and a [-]% stake, he will definitely not suffer in the future.

But if you invest 10 billion yuan, the income after ten years will only be 30 to [-] billion yuan. For a venture capital company, the rate of return is very low.

In the future, rice balls will definitely develop into a market value of tens of billions, but this is only the B round of financing, and there may be countless rounds of financing in the future. If you don’t follow suit in the future, the [-]% stake will not be diluted to What percentage!

After thinking about it again and again, Qi Xin decides to quit the game, which will also be the thing Qi Xin regrets the most in his life.

In less than ten years, the market value of rice balls has broken through 3000 billion US dollars, [-] trillion Hong Kong dollars.

If Qi Xin invested 10 billion yuan at this time and obtained 400% of Mituan's shares, no matter how diluted, even if the remaining 300% is worth more than 300 billion Xiangjiang coins, more than [-] billion Huaxia coins, In less than ten years, the net profit is [-] billion. For venture capital companies, the return is also very high.

(End of this chapter)