Reborn: Billionaire in College

Chapter 235 My Rich Roommate

There is a question on Zhihu that has been very popular recently.

The problem is this:

“What is it like to have a rich second-generation roommate?”

"Thanks for the invitation. I'm in Dongjiang and just got off the plane. I don't know what kind of invitation mechanism Zhihu has that would ask such a stupid question like mine. But since I'm here, I'll try to answer it."

"First of all, I have to make it clear that I don't have any so-called second-generation rich roommates. After I met 'him', no matter how awesome the second-generation rich are, they are all shit in my eyes. I will just smile when I see them."

"My roommate, 'he' is not a second-generation rich, but a first-generation rich. His specific name and identity cannot be disclosed to me, but he is very famous in China and is even an idol to many people."

"When I first came to this school, he wasn't as rich as he is now, and I watched him succeed in his business and reach the pinnacle of his life little by little. I felt even more sad about the unevenness of life, and I regretted even more why I followed him to start a business. Now I can't even get close to him."

"Let me put it this way. Because of him, no one in our class has failed a course. The teachers would give him a pass because of his kindness. Whenever there is a competition in the academy, as long as the difference in strength is not too great, our class will always win first place. In the end, this even became an unwritten rule. Because of him, our dormitory is the only one in the school that has air conditioning and three or four surveillance cameras installed."

"Those things upstairs about my roommate wearing big diamonds, wearing a 15,000 yuan tank top, or driving a supercar are so ridiculous to me. Will I tell you that my first-generation rich roommate always drives a Maybach when he goes out, with bodyguards leading the way? Will I tell you that my first-generation rich roommate often has meetings and meals with provincial and municipal leaders? I won't even tell you that my first-generation rich roommate is a frequent visitor to the rich list!"

"The second generation of rich people are just parasites, the first generation of rich people are the real awesome ones!"

There are a lot of comments below this answer.

"Are you bragging? Not even novels dare to write like this."

"What's a novel? I wouldn't even dare to dream about it. I have bodyguards to clear the way for me when I go out, and I have meetings with big bosses. Haha, what a boast."

"Excuse me, my poor imagination makes it hard for me to imagine that someone can start a successful business in college and it's so awesome."

"It's not impossible... unless your roommate is Chen Pingjiang."

"Fuck, the guy upstairs, it really makes sense now that you put it that way."

Yes, this answer was indeed written by Zhao Shaoyang.

Zhihu has now opened a few registrations, and Zhao Shaoyang was bored and saw the push notification, so he came here to show off.

Although I can't show off my own strength, I can help Chen Pingjiang show off and get some benefits myself.

…………

During the summer vacation, the group buying market underwent tremendous changes.

When the entire track was booming and four to five thousand group buying companies of all sizes emerged in just over half a year, the capital winter suddenly arrived.

Everyone knows that the bubble is getting bigger and bigger.

With so many group buying companies, investors have no way of seeing who will make it to the end, and no one dares to invest.

Companies like Renrengou are not short of money.

As for Lashou, it has already gone through three or four rounds of financing. Now, they often pay much more but get very little in return, which is obviously not cost-effective.

As for the remaining small companies, even a fool can see that it is difficult to make a living.

Given the current situation, Alibaba, Baidu and Tencent just wanted to enter the market, but were immediately scared back and decided to wait and see.

24quan was the first to have problems, and began to delay payments to merchants and wages to employees.

Originally, 24quan could have held on for a few more months, but it was Chen Pingjiang who first allowed the refund of expired group-buying coupons and then shortened the settlement cycle for merchants, which immediately put 24quan's capital chain under strain.

Even though I know that Renrengou did it on purpose, I dare not disobey 24quan.

If they don’t follow, they will first become the target of criticism from consumers, and secondly, merchants will leave. 24quan’s market share is not high, but its number of employees is about the same as Renrengou, about to . What’s exaggerated is that in a small city like Luoyang, there are actually hundreds of people stationed there.

Investors are desperate to achieve growth, but this rootless fattening will lead to collapse quickly if problems arise.

At this time, only financing can save it!

But unfortunately, no one dares to invest, and what’s the point of investing money?
Aren’t you still not as good as the industry’s leading websites?

In less than two months, 5000 million US dollars hit the level and 24 Coupons went bankrupt.

Just like the firing of the starting gun, the collapse of 24quan made the excited group buying companies suddenly calm down.

After trying to raise funds without success, he suddenly realized that he didn't have much money left in his account.

Not long after, WoWotuan began to lay off employees and shrink its business.

WoWotuan, which relied on mergers and acquisitions and poaching to expand, has exposed problems of discord among senior executives and lack of unity among the people.

This makes it impossible for it to keep up with Renrengou and Lashou, and even Meituan is gradually surpassing it.

Renrengou is like a breath of fresh air in front of a group of old rivals. They have always controlled risks relatively well. Although they lag slightly behind in the pace of expansion, their moat is surprisingly strong.

In this situation, Renrengou once again convened a city managers' meeting.

"Our opponents have finally shown their weakness. Now is the time for us to sprint forward. When other companies start to shrink their defenses due to funding issues, it is the best time for us to expand."

"After 50 days of fierce battle, the number of users surpassed Lashou.com."

"The first push is strong, the second is weak, and the third is exhausted. Previously, we were always left behind by Lashou in terms of scale. Now we have to blow the horn of attack and expand into third- and fourth-tier cities."

…………

Shen Nanpeng found Chen Pingjiang and said, "Your mobilization meeting has attracted a lot of attention. During the capital winter, Alibaba, Tencent and Baidu did not plan to exit the market. They planned to wait until the market competition became clearer before entering the market. However, those three were obviously a little panicked after being tossed around by you. They seem to have been contacting group buying websites recently."

Chen Pingjiang smiled, having already expected such a situation.

It would be a miracle if BAT could resist the temptation and not take a bite of such a big cake.

The group buying war has entered the second half. Some group buying websites have encountered problems, and BAT has to start selecting its war horses.

once Upon a time.

Tencent once cooperated with Groupon to enter the domestic market, but was fooled by the latter.

Groupon entered the Chinese market just to collect data. Once the data was collected, it went public immediately and then withdrew from the Chinese market.

Tencent saw that this was not going to work, so it turned around and supported Dianping.

Baidu also had been holding back, but Robin Li was afraid that if he didn't take action now it would be too late, so he directly approached Chen Yizhou's Nuomi.com to cooperate and changed the name to Baidu Nuomi.

Alibaba is no different. They initially set their sights on Lashou.com.

However, Lashou.com turned against Tian Gang and wanted Alibaba to shut down Juhuasuan, which was at its peak, before it agreed to Alibaba's investment.

Alibaba is not stupid, so it naturally didn't do it. In the end, it turned its attention to investing in Meituan.

It’s the same battle, but the protagonist has changed.

　I got stuck when writing, 1000 words short, I will make up for it tomorrow
　　
　
(End of this chapter)