China Entertainment: Starting from 07 Kuainan

Chapter 234 Give it a try with Groupon
4 month 20 number.

"Nightclub" has officially been released. As of the day the movie was released, the cumulative box office was 5230 million.

Far exceeded expectations!

In fact, in the later stages of its release, the single-day box office of "Nightclub" had dropped to hundreds of thousands, if not for the crazy road shows by Yang Qing, Xu Zheng and others.

It may be difficult for the final box office to exceed 5000 million.

They ran frequently, partly because 5000 million was an important node, and partly because of the big red envelope given by Boss Lu.

The red envelope expenditure of the creative team + starring actors exceeded 200 million, accounting for 10% of the total box office revenue.

Extra 10%.

If the boss is so generous, the people below him will certainly be motivated.

Huairou.

Songhe Tea House.

"Brother Xing, stop it."

At this time, Lu Yuan was persuading Wang Xing Strategy to abandon Fanfou.com.

Hearing this, Wang Xing looked at Lu Yuan in surprise.

Close hand?

What the hell?

Didn't you call him here today to discuss solutions?

Moreover, if he stops, won't the 1000 million that Lu Yuan invested in the early stage be wasted?
"I have received news that Xinlang has started to develop Weibo products internally. In addition, Tengxun has strategically abandoned Taotao.com and is preparing to launch new products."

"It's just that there is no consensus yet on when to close Taotao.com."

Wang Xing remained silent for a long time after hearing the internal news from the two giants, Xinlang and Tengxun.

If it was just the Xinlang family, he wouldn't be very afraid.

But with the addition of Tengxun, the difficulty for Fanfou.com to break through will undoubtedly increase greatly.

After all, one of them has a blog + portal, and the other has a QQ + portal, and they have huge traffic entrances.

What does fanfou.com have?
Only products, only user experience.

However, this happens to be the Achilles heel of Fanfou.com. With the size of Fanfou.com, it does not have the energy to accurately control reviews.

It can only be cut roughly across the board.

One size fits all is also the solution that most damages the user experience.

After hesitating for a long time, Wang Xing sighed with a complicated expression.

"I want to try again."

Fanfou.com was created by him, just like his child.

At the end of last year, Fanfou.com had over one million registered users, and in less than three months, the number of users surged to 200 million.

How could he be willing to finally see the dawn of victory and ask him to stop.

While speaking, Wang Xing also changed his mind.

Originally, he was ready to open his mouth to invest in Lu Yuanla, but now, he can't open his mouth.

Fanfou.com is what it is today, thanks to Lu Yuan’s help.

Not just money.

At the beginning of the year, Fanfou’s user base grew explosively, half of which was attributed to “Twinkle Twinkle Stars”.

There is advertising placement from Fanfou.com in this drama.

Hearing Wang Xing's answer, Lu Yuan was not surprised at all. If the other party gave up after just a few words, there would be no Tuantuan network for future generations.

Then he silently took out a check from his pocket.

"Brother Xing, this is 500 million."

Looking at Wang Xing's surprised expression, Lu Yuan smiled slightly.

"This is not financing, it is a personal loan from me. I will pay it back when you have more money."

"Thank you."

Wang Xing accepted the check after a moment's hesitation.

What he did was actually against the rules of entrepreneurship. The most taboo thing for entrepreneurs is their boss.

Betting on family property!
If all the wealth is blocked, once the business fails, the individual will return to poverty.

However, he was really unwilling to do so.

If we just give up like this, wouldn't all the hard work we put in in the early stage be in vain?

Even though he knew that Lu Yuan's choice was right.Cutting off a strong man's wrist is the best option.

However, he still wanted to fight to the death.

At worst, start all over again!
"By the way, Brother Xing, there is a website called Groupon over in America. Have you ever paid attention to it?"

"Groupon?" Wang Xing shook his head and said, "I've never heard of it. What does this website do?"

Lu Yuan said with a smile: "Actually, when I heard the name for the first time, I was confused. The vice president of Xinghai Fund explained it to me, and then I realized its true meaning."

"Groupon is taken from the homophony of coupon (coupon). This is a website that specializes in coupons."

"Its business model is very simple. It lists a special product from a local merchant every day."

"The product can be a meal discount package, red wine, or daily consumer goods."

"Take the tea we drink now as an example. A pot of Dianhong Golden Needle is priced at 188 at Songhe Tea House."

"But if it's on Groupon, its price can be 98 or 88. As long as the number of payers reaches a certain standard, the product or service purchased by the user will be effective."

Hearing this, Wang Xing suddenly became interested.

This model is very interesting.

Promotion, not unusual.

The wholesaler's purchase price and the final purchase price by consumers are inherently different.

Why is it different?
Large quantity discounts.

However, Groupon has moved this model to the Internet and directly faces consumers. He has already imagined what the website will look like after its success.

Once Groupon is allowed to develop, Groupon will become a giant wholesaler.

When it comes to this, it is the merchants who demand Groupon.

Just like a certain treasure, when it first got rich, it begged merchants to settle in. Now, merchants are begging to settle in a certain treasure, and they will not hesitate to spend money to settle in it.

Seeing Wang Xing's interest, Lu Yuan released another piece of news unhurriedly.

"The most successful thing about this website is not that it created an online-to-offline service model, but that it became profitable less than half a year after its establishment."

"Xinghai Fund has contacted them, but they have no financing intentions for the time being."

The words "profit for half a year" instantly touched the king star.

Most Internet companies trade money for time. E-commerce websites headed by Moubao almost always raise money first, then burn money, and then seize the market and then make profits.

Xiao Ma's Tencent is similar. If it weren't for the mobile SP business, whether QQ could survive the Internet winter is another matter.

"Brother Xing, if you have time, you can pay attention to it."

"If you do it, I will also prepare 500 million."

With that said, Lu Yuan raised his hand and slowly opened his palm.

"Seed round, $500 million."

After thinking for a moment, Wang Xing nodded.

"I'll look into it later."

Although he didn't want to give up Fanfu yet, he didn't stop talking.

Profitable for half a year, the temptation is too great.

If Fanfou.com fails, Groupon is also a good entrepreneurial project.

After half an hour.

Wang Xing left Songhe Teahouse in a hurry.

In the box, Lu Yuan did not follow him, but stayed in the box to take a nap.

He didn't expect to get the 500 million check back to Wang Xing in a short time.

Wang Xing will not give up until he hits the wall.

From the beginning of the battle between Xinlang and Fanfou.com, Fanfou.com had no chance of winning.

Fanfou.com is too small, and a strong public opinion social platform like Weibo cannot be controlled by Fanfou.com.

King Xing does not lose in business.

It's because he is not upright enough.

On the other hand, Xinlang is different.

The CEO who helped Xinlang survive the Internet winter was no ordinary person.

　I haven’t saved the manuscript yet. There is only one update in the evening, and the rest will be updated during the day tomorrow.

　　
　
(End of this chapter)