China Entertainment: I became a capital tycoon

Chapter 570 568. Meituan went crazy, FNC went public

May 2010, , is destined to be a big day for group buying platforms.

It's still Saturday, and many people want to sleep in at home and don't want to go out.

But when they turned on their mobile phones, the food ads and tempting photos on Meituan’s ads made them hungry.

Because these delicacies are what I usually like to eat.

What’s even more frightening is that Meituan actually has a food delivery business. As long as you lie at home, someone will deliver the meal to your doorstep.

This business is so attractive.

Mainly with huge discounts, the price is even more difficult to refuse.

So, millions of people chose to place orders and try this new thing.

The result is, it smells really good~
But in the villas in Hangzhou, Ma Yun was browsing these delicacies, but she had no appetite, but was frightened.

"This thief Cao is so good at playing. All of this is planned!"

At the beginning of the year, WeChat was first allowed to shake things up during the Spring Festival Gala to accumulate the number of users. After that, the group buying platform Meituan was launched. With WeChat's huge number of users, it quickly occupied the market.

After that, platforms imitating Meituan sprung up like mushrooms after a rain. In order to seize the market, a wave of money-burning wars began.

But Meituan hid itself and allowed everyone to develop wildly.

But they have already harvested a huge wave of customer data, which can be used to analyze customer preferences.

Others thought Meituan didn’t want to play anymore and was focusing on video websites, industry and the entertainment industry.

However, when other platforms expanded the group buying project in the money-burning war, he finally came back with map positioning functions and food delivery business!
"It's connected, it's completely connected! This matter is all Cao Cao's conspiracy from beginning to end. He has played with himself, other group buying platforms, and even foreign capital!"

Ma Yun felt scared again: "This person has a full plan for every step. He is too scheming. Is he really a young man less than thirty years old?"

If one day Meituan unifies the entire market, and with the help of that terrifying big data, it can achieve precise promotions, will it still have a way to survive?
Not caring that today was the weekend, he called his driver and came to the company to convene a meeting with all the management of Juhuasuan.

The atmosphere in the conference room was solemn and depressing.

"Tell me, how should we deal with Meituan?"

Ma Yun looked around at her subordinates who all had their heads lowered and asked loudly.

Silence, terrible silence.

In this silence, everyone is trying to suppress their breathing and dare not make a sound for fear of being noticed by the boss.

Because at times like this, who knows what to do.

In just one morning, Juhuasuan’s data dropped by nearly 30%. Meituan is too cruel and cannot be beaten.

Even if you spend money, you can't beat it.

"A bunch of trash!"

Ma Yun cursed in her heart, but there was nothing she could do.

I also wanted to launch a food delivery business, but it was too late to recruit riders and update the platform.

In particular, the map positioning was not done well at all.

After a long time, an employee finally asked: "Mr. Ma, why don't you continue to burn money?"

Ma Yun said angrily: "Burning money? How much money will it cost to stop Meituan? Doesn't Feiyu have money?"

Although Ah Li has some money, compared to Feiyu Group, he really can't afford it.

Seeing the boss angry, no one dared to say a word.

Ma Yun's face became darker and darker, and she felt that all the people under her were in vain.

After a while, another employee suggested: "Mr. Ma, how about I give in temporarily, follow Meituan's example, and wait until the right time to counterattack?"

"call"

Ma Yun did not get angry this time. Instead, he groaned for a while before sighing, "This is the only way. You should ask the technical department to speed up the research on the map business right now."

When he returned to the office, he rubbed his aching forehead. After a while, he called his secretary: "I heard that there was a company in the market that specialized in takeaways. Who was it?"

The secretary also learned about Meituan’s launch of takeout business in the morning and hurriedly took out the collected information: “There is a company called Ele.me. Unfortunately, they are still very small and only operate in many campuses in Shanghai.”

"Let me get in touch to see if I can invest or buy it."

After Ma Yun finished speaking, she seemed to see some light.

Yanjing, Feiyu Group Headquarters.

Cai Chongxin didn't understand the boss's behavior: "Mr. Cao, our Meituan has already launched takeout, why do we still support Elele?"

"In a mature market, it would not be good if we were the only one. Supporting a competitor would be better for the development of the industry and save others from taking advantage of the opportunity."

Cao Yu leaned on his brand new office chair and explained his plan: "The food delivery market is huge. If we don't invest in Ele.me, Ali will definitely invest. We just want to leave others with nowhere to go!"

"Mr. Cao, I understand."

Cai Chongxin took out the documents for investment in Ele.me. The amount on it was US$40 million, and she acquired % of the shares of Ele.me, which is still very small.

Cao Yu approved the investment with a stroke of his pen.

After Cai Chongxin left with the documents, he stood up and came to the window. Looking at the entire science and technology park, he couldn't help but open his hands, as if embracing the bright future.

"Mr. Ma, work hard to build your foreign trade platform. I won't compete with you for this piece!"

After saying that, the phone rang, it was Wang Jianlin.

"Mr. Wang, is there any news?"

"Mr. Cao, Atletico Madrid has quoted us 235 million euros. This is because they have a relationship with me."

“The price is pretty good.”

When Cao Yu heard the price, he thought it was not very expensive.
If Wang Sicong invests 400 million, which is about 50 million euros, then he only needs to invest 185 million euros to win a strong European team, which seems good.

He immediately said: "When they finish this season, we will go to Spain to finalize this project."

After settling the matter and hanging up the phone, Cao Yu leaned on his chair and said with a smile: "Should I look for Mbappe, Neymar and those potential players to take Tiantian on a trip?" It’s what I promised the little girl before.”

Thinking of Xiao Tiantian's mature figure and appearance, Cao Yu's heart has already reached the summer vacation.

However, in the group buying market at this time, Meituan’s offensive is still strong and it is completely invincible.

Not only in Hangzhou, but also in big cities such as Shanghai, Yanjing, and Yangcheng, countless riders are traveling through them. They are so busy that they cannot deliver orders at all.

Each rider has to deliver almost seventy or eighty orders every day.

Although it is very hard work, the income of about five yuan per order keeps their enthusiasm for work undiminished.

However, group buying websites such as Juhuasuan, Lashou.com, and Youtuan are simply unable to resist Meituan’s devastating offensive, and the market continues to be compressed.

In just three days, Meituan not only regained the market, but also added group buying and takeout. The daily transaction volume even exceeded 1 billion, approaching 1.2 billion.

Meituan went crazy and other group-buying sites were wailing.

Some regret that they burned the money in vain, and some have begun to look for other ways out.

Everyone knows that if you want to go head-to-head with Feiyu Group now, there is only one way out, and that is death!
On May 20, Meituan took less than half a year to become the leader of the group buying platform, untouchable.

Seeing this situation, many foreign capitals made calls one after another. Some even came to Feiyu Group in person, waving their banknotes and expressing their desire to invest.

The food delivery industry is still a blue ocean at present, and the Chinese market is so huge. The future benefits are naturally clear to the big shots.

Even if foreign capitals such as Goldman Sachs and Sequoia offered one billion US dollars for only 10% of the shares, Cao Yu still refused.

"Brother, you are so strong! So awesome! So awesome!"

Lu Huateng didn't know what to say during the congratulatory phone call.

Before, he was worried that Meituan would need some twists and turns if it wanted to rise again. Unexpectedly, it only took Cao Yu a month.

The current market value of Meituan is definitely over 10 million, because the group buying and takeout business is so huge.

I got a 25% stake in Meituan for US$ million, which was definitely a big advantage.

"Don't praise me, I will be proud."

Cao Yu was also a little proud and said with a smile: "By the way, I have helped Jingdong access the big data. Do you want it?"

"Yes, of course!"

Half of Meituan’s advantage during this period is due to big data, and Lu Huateng certainly wouldn’t refuse.

As long as we have big data, we can analyze the preferences of Weibo customers and push some news that users are interested in to them.

"Then you ask the technicians to come over and talk to you when they have time."

Cao Yu said, and then asked: "How are you and 360 doing now?"

"We are still fighting. We have a user base and have already taken advantage of this war. Don't worry, 360 is no opponent."

Lu Huateng is full of confidence in the 3Q war: "I have forced computers using QQ to install our computer manager."

Cao Yu reminded: "In this case, be careful of the other party saying that you are unfairly competing and peeking into users' private files and data."

Lu Huateng immediately raised his voice: "How dare they! If Zhou does this, I will use the same trick you did against Apple so that users who have installed 360 will not be able to use QQ."

"This trick of yours is really cruel, but be careful of the user's disgust."

Cao Yu knew very well that although Penguin eventually won the battle in this three-year war, it made 360 ​​the leader in the field of computer anti-virus.

QQ Computer Manager stopped serving one year before his rebirth. More importantly, from now on, anti-virus software is free.

Lu Huateng heard Cao Yu's reminder: "Brother, I understand, but if you don't make steamed buns to fight for your reputation, you have to win this battle no matter what! Wait until I beat Zhou to the ground, and then how about you come forward? Let’s make him kneel down and sing Conquer!”

Brother Cao himself is not only the leader in the group buying industry, but also in the video website field, except for Tudou owned by Ali, everything else depends on Boss Cao's face.

This kind of strength is unparalleled in the Internet circle.

"Okay, you fight first."

After Cao Yu understood the situation of the 3Q war, he said no more and planned to wait until they went to court.

Just after making the call, Cai Chongxin came in again and said: "Mr. Cao, the representative of Sequoia Capital and Wang Xing of Youtuan are in the reception room. Do you want to meet?"

"not see!"

Cao Yu knew very well that Youtuan's market share was running low and it probably couldn't hold it anymore. They wanted to talk about an acquisition.

Acquisition? Let foreign capital recover its costs?

Don't even think about it!
"Mr. Cao, this doesn't seem good. After all, our Fei'e Video has cooperation with Sequoia."

Cai Chongxin wanted to persuade the boss, so he took Youtuan under his wing, so that the relationship with Sequoia would not become too tense.

“If Meituan gets foreign capital involved, I don’t know how it will squeeze riders in the future.”

Cao Yu shook his head resolutely and said: "You can just deal with it. Just say that we don't need investment, let alone acquire non-performing assets."

"Ok."

When Cai Chongxin heard this, he nodded in agreement.

He also felt that his boss was becoming more and more domineering.

Just as he was about to leave, his boss suddenly said: "Mr. Cai, you said you wanted me to become the richest man, and you did it. Thank you."

Hearing this, Cai Chongxin felt that all the hard work during this period was worth it: "Boss, this is what I should do. In fact, I think it would be better to let foreign capital suffer some losses."

In the next ten days of events, Meituan is still conquering cities and territories.

Wang Xing of Youtuan failed to be acquired by Meituan, so he had to go to Ahli, and in the end he only sold US$5 million.

He finally regretted that he should have sold the group buying platform when he went to Penguin to discuss the payment business.

Meituan is really terrible.

LaShou.com also knew that the situation was over and sold the platform to Ali.

Of the remaining platforms, Nuomi was acquired by Baidu, and Wowotuan and 24Quan finally declared bankruptcy after struggling for a while.

Foreign capital almost completely lost in this group-buying platform war, losing hundreds of millions of dollars and returning home in vain.

Major media reported on the war, and some bloggers of Fei Ge Video even made a video of the war and posted it online.

This also made Cao Yu the pride of Chinese entrepreneurs at this time.

News about Boss Cao, in addition to business, the entertainment company's movie "Into the Dust" has been canceled, with a final box office of 470 million.

"Flying Swords of Dragon Gate" starring Liu Yifei has been in theaters for more than 20 days, and its domestic box office performance has begun to decline, but it still exceeded 1 billion.

This movie has also been released in Korea, Japan, Southeast Asia, the United States and other countries, with a box office of US$100 million.

Such achievements have once again made Feiyu Entertainment's reputation worse.

However, Boss Cao has kept a very low profile during this period and has been busy filming several film and television dramas.

"Gravity" has already started shooting. The film will only take a few months to shoot, but post-production will take a full year.

"The Thirteen Hairpins" will be completed in just over a month, and including post-production, it will be released in December.

Cao Yu plans to put "Zodiac" and "Despicable Me 2" on the National Day schedule first, while "Journey to the West: Conquering the Demons" will be scheduled on the Spring Festival schedule.

As a result, under the siege of these movies, "If You Are the One 2" will definitely lose!
After arranging these domestic matters, on May 28th, he did not go to Shencheng to watch the Three Kingdoms Singers' concert, but flew to Seoul.

Because on May 31st, FNC Entertainment will be listed.

FNC Entertainment has been established for more than four years and has never raised capital. When the company was established, Cao Yu held 60% of the shares, CJ Entertainment held 40% of the shares, and Cao Yu was the president.

In the previous acquisition of SM Entertainment, a lot of shares were given out, and some veterans were given some shares as rewards, as well as 20% of the shares in the listing financing. Today, Cao Yu still holds 39.5% of the shares.

It’s about nine o’clock in the morning on May 31st.

Lee Soo Man, Kim Gwangju, Lee Ho Yang, as well as representatives from YG Entertainment, Waguo Aihui Music, etc., all gathered at the Han Bang Stock Exchange.

As Cao Yu and Li Meijing rang the bell at the same time, ribbons fluttered, FNC Entertainment was successfully listed, with a market value of US$5.6 billion.

Chairman Cao Yu has also become one of the top five most valuable people in the Korean entertainment industry.

In the evening, Mr. Cao, who was a little drunk, came back from the celebration banquet and went directly to Li Chengmin's apartment.

T-ARA and Girls' Generation are still in China and have not returned. He has been accompanying this beauty during this period.

"OPPA, you're here."

Seeing Cao Yu coming back, Li Chengmin immediately knelt down and helped him take off his shoes.

Li Chengmin was at home, only wearing a thin pair of pajamas, and her proud curves couldn't be blocked at all when she squatted down.

Cao Yu took a look and patted Li Chengmin's face: "You're getting better and better."

"OPPA is my idol now, you are so awesome."

"What's so great about it?"

"They are all very powerful. FNC has gone public, and you are now the same as a chaebol."

"Then I will learn from the chaebol!"

Cao Yu was a little drunk and enjoyed this feeling, so he pulled Li Chengmin's clothes off in one fell swoop.
"what!"

With a scream, Li Chengmin pretended to be shy, but Cao Yu was even more excited and threw her to the ground.

A long time later, Cao Yu lay in the bathtub, and Li Chengmin obediently helped him clean his body: "OPPA, "My Love from the Star" will be broadcast the day after tomorrow. I am a little nervous. Do you want to watch it with others?"

While enjoying it, Cao Yu asked, "Only with you? Were you familiar with Jun Ji-hyun on the set?"

"OPPA has thoughts about her?"

"She is very beautiful. Please ask her out and watch a show together the night after tomorrow."

For ordinary people, this request is definitely unreasonable, but Chairman Cao made this request, and Li Chengmin did not dare not agree: "Okay, but how can OPPA thank me?"

"grateful?"

Cao Yu chuckled and pulled Li Chengmin into the bathtub: "Can I thank you for this?"

"sure."

Looking at the man splashing water around him, Li Chengmin instantly felt completely conquered.

The listing of FNC Entertainment was regarded as a major event in the entertainment industry. It was included in the news on KBS and other TV stations. They believed that this was a major event in the Korean entertainment industry.

Because the boss of this entertainment company has companies in the United States and China, they believe this is a sign that the Korean entertainment industry will further integrate with international standards.

As an actor, Jun Ji-hyun certainly knows about this.

However, she only admired the Chinese man whom she had met several times, and had no other feelings.

On the afternoon of Wednesday, she had just gotten up from her nap and was about to go shopping when she suddenly received a call from Li Chengmin, whom she met on the set of "My Love from the Star".

"Why did this person suddenly contact me?"

Jun Ji-hyun was a little strange. Since the filming of the drama was completed, she and Li Chengmin had almost no interaction. Why did this woman suddenly look for him?

After answering the phone, I heard Li Chengmin say: "Hello, Jihyun-sempai, tonight is the premiere of "My Love from the Star", are you free?"

Quan Zhixian said casually: "There are no plans, what do you want?"

"Our President Cao wants to meet you and says that there is a heroine in a movie who wants to talk to you."

"That's it"

Jun Ji-hyun was a little hesitant. Normally, if he wanted to negotiate a film contract, he would talk to his agent.

And this President Cao came directly to him, could it be that
Thinking of this, she hurriedly asked: "Where can we meet?"

"It's at my house. Let's watch the show together and talk about FNC's new movie in the second half of the year."

When she heard that she was going to Li Chengmin's house, Quan Zhixian was even more afraid to keep the appointment, in case the sheep fell into the tiger's mouth.
"But if I don't go, I'll lose a good opportunity. Moreover, Chairman Cho has a good relationship with CJ Group and Samsung. If he thinks I won't give him face,"

After struggling for a while, she remembered President Cao's influence and handsome appearance, and agreed: "Okay, I'll go there later, and you can give me the address."

"Then I wait for you."

Li Chengmin hung up the phone and said to Cao Yu, who was reading the script: "It's an appointment."

"nice."

"OPPA is so powerful, I guess this woman wouldn't dare not come."

Li Chengmin looked at the serious Chairman Cao, and felt more and more that Cao Yu's thigh was the right one for him to hold.

Jun Ji-hyun is a senior in the entertainment industry. Faced with such an unreasonable invitation, she would not dare not come.

(End of this chapter)