Top of the Great Era

Chapter 3196: Fierce Rice Ball

Fantuan.com is developing very fast.

It is a rising star in the O2O Internet industry and can be said to be a landmark enterprise in the domestic O2O field.

Internet companies often have the same growth path, whether in Silicon Valley or in China, which is that they start very quickly, and once they catch the trend and seize the opportunity, they can often become large companies or even giant companies in the industry in just a few years.

In such a short time, it has grown into a super large company...

Behind this, there must be all kinds of bad means brought about by wild growth. Facebook, YouTube, Yahoo, Google, Amazon, eBay, Alibaba, Baidu, Ziweixing... Every one of them has a very disgraceful history of growth.

The difference between China and the United States is that after Silicon Valley Internet companies become big, they will quickly adjust their strategies, either paying money, making compensation, or signing a settlement agreement. In the end, they will be able to clean themselves up quickly.

It's different in China.

Many people have gained irregular dividends and benefits, and lack the motivation to change. Coupled with the loose society and insufficient pressure from regulators, everything is centered on economic development, and nothing else matters, which has led to many companies developing into industry giants with many irregular means.

Currently, Fantuan.com is still in the stage of rapid development.

All kinds of negative news are everywhere on the Internet.

Zhou Buqi didn't want to participate at first.

But there have been too many negative topics on Weibo recently, forcing him to get involved.

I can only go out and have a good talk with Zhang Yinlei and Wang Xing.

As the big boss, Zhou Buqi usually doesn't participate in the specific business of Fantuan.com, and doesn't even participate in the formulation of strategies. It's all done by Zhang Yinlei and Wang Xing. The effect is also very good. In addition to the food delivery business, they have also launched review business, movie ticket purchase business, house rental, store rental, hotel booking, and air ticket purchase business...

In the past year, Fantuan.com's annual transaction volume reached 550 billion yuan, an increase of 210% over the previous year.

So at the meeting at the beginning of the year, Fantuan.com shouted out a slogan that shocked the entire Internet: this year's mission is to break through 1000 billion!
And this requires money.

The meeting that Zhou Buqi attended was a financing meeting. Fantuan.com was about to start its D round of financing.

Asking for money, of course that's fine.

It was discussed at the meeting that Fantuan.com would release 10% of its shares in this round of financing, and it is expected to raise US$10 billion.

After raising funds, Fantuan hopes to speed up the layout of its hotel and tourism business and improve the industrial chain. To this end, it will spend 4000 million US dollars to acquire an online travel website to obtain its "air tickets", "hotels", "train tickets", "vacation", "play together" and other businesses, so as to fully integrate resources.

Zhou Buqi had no doubt about this.

It is also said that Ziweixing can lead the investment and at the same time attract several heavyweight foreign investment institutions such as Atlantic Capital, Sequoia Capital, and Temasek Capital to participate.

When a company reaches the size of Fantuan.com, it is no longer possible to rely solely on domestic capital.

Even if domestic investors have money, they must exercise restraint and try to introduce strong foreign capital as much as possible.

In many cases, foreign capital is a protective umbrella.

When faced with pressure, domestic investors often dare not say a word, and have not shown the power of capital at all. Not only do they not have the power of capital, but they are also suppressed every day. They dare not even fight for their own legitimate interests. Their backbones have long been broken.

Foreign investment is different.

In order to protect their own interests, foreign capital does not care so much. No matter who you are, if you want to harm me, I will fight you.

Fantuan.com is about to become the next domestic Internet giant, so it needs to find some powerful foreign capital to form a community of interests. This is basically a common consensus among various domestic industry giants.

After the investment meeting, Zhou Buqi went to the small office with Zhang Yinlei and Wang Xing.

Zhou Buqi talked about his concerns, "There have been too many negative news about Fantuan.com recently, right?" Wang Xing didn't care and said with a smile, "Too many negative news can only mean that Fantuan has grown too fast and put too much pressure on its competitors. After this round of financing, we will fully enter the hotel, air ticket and travel industries, which will have a great impact on Qunar.com and Ctrip."

Zhang Yinlei is a tall man.

I felt a little hunchbacked a few years ago.

It has been different in recent years. Maybe he asked a body shape teacher to adjust it, or maybe the huge success in his career has brought him great confidence and a sense of accomplishment, and his back is straight.

Zhang Yinlei said excitedly: "Boss Zhou, if you follow the news, you should have heard that Baidu has made another big move!"

"Well, Baidu is actively developing its O2O business and is making a full-scale attack." Zhou Buqi was not worried at all. "You don't have to worry too much about Baidu."

Zhang Yinlei said: "Their moves are not small. Baidu is a shareholder behind Qunar and Ctrip, and especially controls Qunar. Now, Fantuan is aggressively entering the O2O industry of hotels, air tickets and travel. Baidu is frightened."

"Oh?" Zhou Buqi suddenly remembered something. "Yes, the news seemed to say that Qunar.com and Ctrip are going to merge?"

Zhang Yinlei said: "Yes, it is Baidu that is promoting this."

Wang Xing smiled and said, "It is said that this year will be the most important year for industry integration. Many declining companies need to strengthen their competition through integration. Not only Baidu has taken action to promote the merger of Qunar and Ctrip. Penguin has also made similar moves, and they are promoting the merger of 58.com and Ganji."

Zhang Yinlei is quite proud, "They were all oppressed by us! Now the rice balls are very vigorous!"

Wang Xing said: "Fantuan needs to establish an industry ecosystem. All local Internet O2O services should be provided by Fantuan.com. We can even boldly imagine that in the next ten years, companies like Qunar, Ctrip, Ganji, and 58 will no longer exist because their businesses overlap with ours. Under the competition from Fantuan.com, their days will only become increasingly difficult."

Zhou Buqi laughed and said, "Now the market share of Douban and Damai has been taken away by you!"

In the past few years, Damai.com was the largest platform for purchasing movie and theater tickets in China.

It was acquired by Jieyu Media.

In addition, Douban also launched an online movie ticket booking service, which was quite good at first and ranked second in the industry. However, it did not provide tickets for theater performances such as dramas and operas. Unlike Jieyu Media, which has more industry resources, you can even buy tickets for People's Art Theater dramas, Deyun Club crosstalk, Happy Twist comedy and Zhixin Drama Club new opera on Damai.com.

However, once the rice ball came in, it became very fierce.

It made Douban and Damai a little overwhelmed.

Wang Xing said nonchalantly: "The market for movie tickets is too small. Fantuan does this mainly to provide an additional traffic entrance. If necessary, these platforms can be integrated. There is no need to ban anyone's brand. One team and three shells will do. We are all one family anyway."

Zhang Yinlei nodded and said, "Integration is the main theme this year."

Zhou Buqi also agreed with this.

Because he was also secretly colluding with Boss Ma, trying to secretly integrate Didi and Kuaidi, and then unify the domestic online car-hailing market.

If he can do this kind of thing, others can do it too.

The difference is that Fantuan.com is full of vigor and fighting spirit, and does not care at all about the integration of 58.com and Ganji.com pushed by Penguin, or the integration of Qunar.com and Ctrip.com pushed by Baidu.

There is a spirit of fighting against the enemy with our generals and blocking the water with earth.

Don't be afraid of whoever comes!
"I have read all the emails you sent me. I agree with your strategy for Fantuan.com and your business operations. To be honest, you have done a great job. Even if I were to do it, I could not do better than you."

Zhou Buqi spoke the truth and gave the highest praise.

Wang Xing joked, "When raising funds, just give more money. We are growing too fast and burning money too fast. We raised $6 million last year, but now we only have less than $2 million left in our account."

Zhou Buqi frowned and said, "However, those negative news still need to be paid attention to. How immoral is it to fire a pregnant female employee?"