The richest man

Chapter 270 Traveling Big Mac! ! !
Zhang Jun's Facebook is very popular.

Netizens are discussing what the sharing economy era is.

Uber motorcycle is a relatively new way of renting a car. Why is it called sharing?Is it because these motorcycles will be rented by many users?

Many people force to explain.

In mid-September 2007, Legend Technology held a press conference to explain the situation of Uber motorcycles.

"Uber motorcycles have set up many special parking spots all over the country. Users take out their smartphones, open Facebook or Alipay, and then scan the QR code on the body of Uber motorcycles to ride. However, users use Uber motorcycles require a deposit of 399 yuan and real-name authentication to ride normally.

The fee standard is:

Less than or equal to 5 kilometers is 2 yuan, more than 5 kilometers, an additional 1 yuan is charged for each kilometer, and there is no charge for less than 1 kilometer.In addition, an overtime fee of 1 yuan will be charged for every hour of use of the car.That is, within one hour, less than 1 kilometers is 10 yuan, less than 6 kilometers is 2 yuan, and so on.The non-fixed-point parking fee is calculated according to the distance between the actual parking space and the designated parking spot: less than 7 kilometer, the fee is 3 yuan; more than 1 kilometer, the fee is 10 yuan.Illegal parking charges will be slightly more expensive.But please rest assured that there will be more and more designated special parking spots for Uber motorcycles, with an average of one parking spot every 1 meters, and one parking spot every 100 meters in densely populated areas. "

When Shangguan Muye introduced this, strong applause and surprise erupted at the press conference. Shangguan Muye had to stop and wait for the excitement of everyone to pass before introducing Uber motorcycles.

The audience who watched the live broadcast were as excited as the guests at the scene. What comments appeared on the live video barrage.

"Sure enough, Legendary Technology has launched a car rental service by scanning codes, as many netizens have guessed. It is really convenient, and the cost is not expensive!"

"I don't have a high need for a car, but sometimes I really need a car. The emergence of Uber motorcycles is undoubtedly a great boon for me!"

"However, I have no culture, so I can walk the world with a single sentence!!!"

"..."

At this time, the reporters couldn’t help asking: “Mr. Shangguan Muye, Uber’s business model seems feasible, but it’s inconvenient to charge motorcycles, and users can park anywhere, so they don’t necessarily park on designated Uber motorcycles. Dedicated parking spots, how do you solve these problems? Also, I would like to ask, what is the speed of Uber, and do you need a motorcycle license to ride?”

The reporter asked the doubts in many people's minds.

Shangguan Muye planned to introduce these questions, but since the reporter asked them, he simply answered them now.

"The weight of an Uber motorcycle is not more than 23kg, the maximum power of the motor is not more than 250W (rated power is 220W), the maximum speed limit is not more than 25km/h, and it can be ridden without a driver's license. The motorcycle uses explosion-proof and puncture-proof tires. The battery compartment has a cruising range of 80-100 kilometers. The battery power can be intelligently queried in the background, low battery alarm, and the operation and maintenance personnel can assign work orders in the responsible area to replace the battery. It is worth mentioning that we have developed a smart battery lock , battery management system and battery ID, this function can prevent motorcycles from being stolen, and has GPS precise positioning, making it easier for users to find a car.”

At this point, the press conference is basically over.

After Shangguan Muye said a few words, he announced the end of the press conference, and Uber motorcycles will officially run after the press conference.

……

The body of the Uber motorcycle is blue, forming beautiful landscapes all over the city!

At this moment, the special parking spot for Uber motorcycles is already crowded with people.Whether they have watched the live broadcast of the press conference or those who have not watched the live broadcast of the press conference, they all gathered here to watch the excitement.

Some people just pulled out their phones and scanned the codes on Uber motorcycles.

The process is very simple, first scan the code to register, you can directly log in with Facebook and Alipay account authorization, and then enter the next link to determine whether to pay for riding.

After a while, many people have successfully scanned the code, woke up the Uber motorcycle, and then happily rode the Uber motorcycle to the road.

Riding a motorbike is much more comfortable than riding a three-wheeled or bicycle. It has the feeling of fast speed without feeling tired.

"It's so cool. The speed of the Uber motorcycle is quite fast, and the seat cushion is also very comfortable. When riding, the bike is very stable, with fast starting speed, flexible steering, and beautiful appearance. I think this bike is very high-end. ! Less than or equal to 5 kilometers is 2 yuan, which fully meets the needs of most users, I love it!"

"I think riding an Uber motorcycle is very fashionable, and it should quickly become popular among young people."

"Yes, I don't feel ashamed at all by riding an Uber motorcycle. It's tiring and humiliating to spend the same money on the bus, especially for girls, and it's easy to be taken advantage of by swindlers~ But now there are Uber motorcycles It’s different. Girls can comfortably drive to work by themselves. If the distance is really long, they have to take the bus, but… there must be fewer people taking the bus at this time, and many people choose Uber motorcycles as their way of travel. , Squeezing the bus may become a thing of the past, the bus becomes less crowded..."

"..."

On that day, Uber users exceeded 518 million.

From time to time, you can see young people riding a blue motorcycle on the road. When everyone sees this, they can't help but look at it a few more times. At the same time, they also think that they will ride an Uber motorcycle one day.

Uber motorcycles have become Internet celebrity motorcycles overnight and have been sought after by countless people.

For those Internet technology companies and investment companies that pay attention to Uber motorcycles, the success of Uber’s motorcycle business model shocked them, and they couldn’t help but have a different idea.

In "The True Story of Ah Q", when Ah Q molested the little nun, he said, "The monk can touch it, why can't I touch it?"

Most of the major technology companies also have this mentality. Since Legendary Technology can share motorcycles, then we can do it too!

Numerous technology companies and investment companies are staring at the shared motorcycle, just around the corner.

However, they also know that if they directly compete with the legendary technology company, they don't have that much financial resources, and they also lose the upper hand, so they can only find another way to win by surprise.

Isn’t Legendary Technology Co., Ltd. doing shared motorcycles? We just do shared bicycles directly.

"Sharing bicycles, green cycling, and exercising while cycling, is there any idea for this idea?!" Hu Weiwei suddenly came up with an idea, and the more he thought about it, the more excited he became. He felt that the market for shared bicycles had a bright future.

As a strong woman of action, she knows that the speed of war is very important, and she may not be the only one who has this idea. Therefore, she must rush to develop shared bicycles before others.

Hu Weiwei dares to work hard, and also knows some insiders.

On the one hand, she contacted some friends who are good at software development and invited them to start a business together; on the other hand, she looked for a bicycle company to buy vehicles.

In less than two months, the Mobike APP was officially launched.

First of all, a large number of Mobike bicycles were invested in the four cities of BJ, Shanghai, Shenzhen and Guangzhou.

Mobike mainly promoted slogans such as "bicycle sharing, green cycling" and "the last mile of the city", which quickly attracted the favor of many environmentalists and young consumers.

Mobike became popular within a week of its launch.

"Mobike and Uber motorcycles have their own advantages and disadvantages. The rent of Mobike is much cheaper than Uber motorcycles. It is also environmentally friendly and can exercise. If I had to choose, I would probably choose Mobike."

"Hehe, if you want to exercise or love the environment, then Mobike is naturally the first choice, but for most people, Uber motorcycles are more convenient."

"Well, after the launch of Mobike, I just rode it out of curiosity. After that, I always choose Uber motorcycles. Riding a bicycle is still a bit tiring~"

"..."

There are a lot of discussions about Mobike on the Internet, but it does not prevent Mobike from being very popular!
At this time, major investment banks flocked to Mobike. Hu Weiwei, the founder, knew that "time is money", and Mobike had to be ahead of others and seize the market quickly, so he quickly chose financing. The first round of financing Just over $1000 million.

Venture capitalists are optimistic about the future prospects of shared bicycles, so the valuation of Mobike is very high.

As soon as Mobike received investment, it began a major expansion, and even directly acquired a bicycle manufacturing factory to produce and sell its own bicycles, reducing the company's shared bicycle operating costs.

On the market, following Mobike, several shared bicycles have appeared one after another, but in terms of fame and strength, they are far inferior to Mobike.

After receiving investment, Mobike has developed at a rapid pace, and has even begun to deploy in second-tier and third-tier cities.

In less than a month, Mobike burned through $1000 million.

"The $1000 million was spent so quickly?" Investors were surprised.

Hu Weiwei nodded and said: "Yes, although we burn money relatively quickly, the effect is remarkable. We have established branches in many major cities across the country, and have put in a total of nearly 50 Mobike bicycles!"

"As you all know, Mobike, like Uber motorcycles, requires a deposit. The business model of Uber motorcycles and Mobike is actually a model of Internet plus financial management. Although the deposit cannot be counted as income , but the resulting proceeds can be counted as income.”

Hu Weiwei smiled and said very confidently, "I have calculated that Mobike assumes that each bike will be used 7 times a day on average, and each ride for half an hour will earn 7 yuan. The cost of each bike About 1500 yuan. Each car is used for an average of 300 days, and the operating cost of each car is 6 cents per day. Each car can attract 10 users on average, and an average of 309 yuan per user (299 yuan deposit + 10 yuan recharge) is possible It is used as the base value for further financial management. It is conservatively estimated that the annualized rate of return of financial management is 8%. In this way, when the number of Mobike bicycles reaches 100 million, if the current frequency of use is maintained, 16 billion yuan can be obtained annualized profit!"

In the conference room, the representatives of the various investment companies looked at each other, and they couldn't help showing expressions of shock and joy. Mobike is so profitable. The business model is too good. Only 100 million bicycles can earn 16 billion. Isn't it possible to earn more?
"Mr. Hu, are the production and operating costs of the vehicle too high? Can it be lowered?" The investor asked. If this can be lowered, Mobike's profit will increase dramatically.

Hu Weiwei nodded: "Of course, the larger the production scale, the lower the cost. Coupled with the introduction of advanced production machines, the price of shared bicycles has dropped significantly."

"Mr. Hu, how much money does Mobike plan to raise this time?"

"At least 5000 million US dollars!!!" After Hu Weiwei finished speaking, he immediately explained to investors, "There is a reason why we need so much money. Intensified competition among them, coupled with the competition from Uber motorcycles, Mobike must provide subsidies and launch various discounts if it wants to stand out and occupy the user travel market. With 5000 million US dollars, I have the confidence to beat other bikes Only by sharing bicycles can we compete with Uber motorcycles!"

After hearing this, investors feel that it makes sense. If they want to win the market, they have to burn money!
"Okay, that's 5000 million US dollars, but our valuation of Mobike is only 1 million US dollars. It hasn't been a month, and the market value of Mobike has doubled. I think this valuation is very good!" One of them An investor said.

Hu Weiwei immediately shook his head and asked, "Is it because our Mobike is developing so fast that the valuation is so low?"

Hu Weiwei paused, and retorted loudly: "On the contrary, I think the rapid development of Mobike shows its huge potential for development. Because of this, the valuation of Mobike should be higher!!! If If you don't agree with me, then I can seek financing from other investment companies!"

"Mr. Hu, why bother? We can just invest in Mobike, not just 5000 million US dollars, we can fully afford it! Valuation is also easy to say, we can raise the valuation of Mobike to 2.5 million US dollars!! !” The development potential of Mobike is obviously huge, so they don’t want Hu Weiwei to find other investment companies.

"2.5 million US dollars is too little, at least 5 million US dollars is enough!" Hu Weiwei said firmly. They disagreed, so she decided to invest in companies outside.

Hu Weiwei's strength made the opponent finally choose to give in.

Although Mobike's final valuation was not US$5 million, it was US$4 million.

……

After Mobike got the money, it immediately set off a money-burning battle for shared bicycles.

Uber motorcycles are motorcycles after all, and the impact is relatively small.

Inside Legend Technology, many people suggested that Uber motorcycles should also participate in the money-burning battle, but Zhang Jun rejected it in the end. I have electric vehicles here, and the user base is different. There is no need to burn money to compete with bicycles. Even if you participate in the war of burning money, the final effect may not be good.

"Boss, even if we don't compete with Mobike, the development prospect of shared bicycles is still good. Do you think we want to enter this market?" Someone immediately suggested to Zhang Jun.

Zhang Jun raised his eyebrows, lost in thought, and secretly said: "In the previous life, after the brutal growth of shared bicycles in the early stage, after the price war in the later period, the shared bicycle industry was left with only a "feather in one place". Deep in trouble, Mobike also began to "de-Mobike" after being acquired by Meituan. Compared with the silence of ofo and Mobike, the days of hello travel are very nourishing, winning 5 million users and becoming a shared The final winner of bicycles. However, Harrow Travel did not participate in the original "money-burning war" in the shared bicycle industry, and chose to enter the differentiated development from the third- and fourth-tier cities, thus avoiding mutual cooperation with other shared bicycle companies stage of consumption."

Thinking of this, Zhang Jun said: "We can enter the shared bicycle industry, but we first enter the third- and fourth-tier cities. In addition, we need to focus on technology development instead of blind competition. For example, the development of smart locks, through technical means Better management of bicycle operations; and electronic fences to remind users when they ride beyond the range! Of course, there is also the shared bicycle itself, which must be of high quality and low price, high quality, and comfortable to ride.”

As soon as the words fell, everyone nodded in agreement.

Most of the people would not object to Zhang Jun's decision.

Many decisions seemed unthinkable to them, but in the end it often proved that Zhang Jun's decision was correct.

"How's the Uber ride-hailing software going?" Zhang Jun asked.

The potential of taxi-hailing software is much greater than that of shared bicycles. Zhang Jun has asked about it many times, and it can be seen from the market value of Uber and Didi Chuxing in his previous life. In 2017, Uber’s valuation peaked at US$1200 billion, creating It broke the record for the highest valuation of an unlisted company at that time. At its peak, Didi Chuxing had a market value of US$800 billion.

China’s largest bike-sharing company, Haro Mobility, has a market capitalization of only $50 billion.

"Get ready, November 2007, 11 is coming soon, and I will give you a surprise when the time comes, the official launch of the Uber travel app, including Uber motorcycles and Uber bicycles are also included in the Uber banner!!!" Zhang Jun ordered.

"Yes!!!" Everyone excitedly responded in unison.

(End of this chapter)