Reborn: Billionaire in College

In mid-August, a big news dominated the front pages of major financial media.

This happened suddenly without any signs before.

Dianping.com and Renrengou jointly issued a statement, acquiring the former in the form of equity plus cash, and the specific amount is not convenient to disclose. This transaction has received strong support from shareholders of both parties, including Tianyuan Capital, Tencent, and Sequoia. China Renaissance Capital served as the exclusive financial advisor to both parties in this transaction.

Subsequently, Renrengou issued a statement that the two companies will remain unchanged in their personnel structure and will retain their respective brands and businesses and operate independently, including high-frequency in-store business. At the same time, they will strengthen complementary advantages and strategic collaboration to promote industry upgrading.

Zhang Tao, CEO of Dianping.com, said: "In the past few years, the two companies have competed and differentiated. Helping 1000 million merchants to serve 10 billion consumers is the common pursuit of the two teams. I am very much looking forward to the future cooperation between the two parties. The prospects of the O2O industry are extremely huge. After the cooperation, we will give full play to our respective advantages, accelerate product innovation, deepen services and industry expansion, create more value for consumers and merchants, promote the construction of the O2O ecosystem, and promote the development of the industry."

Renrengou CEO Gao Songbin said: "I am very happy to cooperate with Dianping. This will allow us to devote more energy to providing better services to consumers and merchants in the O2O field, and to developing new businesses and product innovation. The cooperation is in line with the expectations of both teams and investors, and will produce a chemical reaction. I am confident that we can create a better future together."

This news is like dropping a small nuclear bomb on the group buying track.

Mom!
Renrengou is already incredibly strong, and now it has acquired Dianping.com. Doesn’t this mean that the group buying war is about to end?
In the past year, Nuomi and Meituan were able to compete with Renrengou together, but from today on, things are really getting worse and worse.

With the arrival of the capital winter, these two companies do not have much cash on hand. Anyone with a discerning eye can see that Renrengou has already shown its dominance, and neither of them is willing to throw money into this puddle.

At the end of last month, Renrengou announced its cooperation with AutoNavi, which will provide GIS services.

Nuomi.com is backed by Baidu and also has Baidu Maps' GIS. In comparison, Meituan is in a bit of a dilemma and hurriedly ran to NavInfo to discuss cooperation.

The cooperation is still uncertain, and shocking bad news comes one after another.

First, after the release of WeChat version 3.0, Renrengou was the first to launch the mini-program system on WeChat and connected to the WeChat page, allowing users to place orders on WeChat.

WeChat is a natural traffic portal, and communication between people is a basic need. The number of users opening WeChat every day is counted in dozens or hundreds of times.

The most important thing is that Renrengou was the first to seize the smartphone users.

The second is that Renrengou announced its merger with Dianping.com.

Chen Yizhou, who was far away in Beijing, saw the news and shook his head with a wry smile: "I didn't expect Tencent to choose to settle with Renren. Our school has no chance and no chance to go public."

After many years of entrepreneurship, I have encountered many setbacks and failed many times. I have been ambitious and confused, but never have I felt as lost as I do now.

Xiaonei.com had a great start and once took over the national college student market.

At that time, Chen Yizhou still scoffed at the newly born Renren.com, but he did not expect that things would take a huge turn for the better in the following year.

Renren first overtook its competitors with its two social games, then took the lead and snatched the white-collar user group.

However, Chen Yizhou was not desperate at that time, at least there were only two companies in the SNS track.

But when Weibo and WeChat appeared, the situation changed again.

Under the pressure from the "two microblogs", even its own Renren.com is having a hard time, let alone its rival Xiaonei.com.

The most panicked person is Wang Xing of Meituan, who is under particularly great pressure.

The current group buying market is truly divided into three parts: Renrengou, Nuomi, and Meituan.

But Meituan and Nuomi together are not enough to fill the gaps between Renrengou and the competition.

After all, Nuomi has the support of Baidu, which has money and resources, while Meituan has everything.

In this situation, Meituan quickly finalized a strategic investment worth US$4 million with Alibaba.

In fact, this investment has been delayed for a long time. If Chen Pingjiang hadn’t been too strong, the two companies would probably not have reached a cooperation so quickly.

Yes, Alibaba CEO Ma is very unhappy with Chen Pingjiang! He is unhappy with Renren!

All of this happened because Tianyuan Capital, owned by Chen Pingjiang, invested in JD.com and put JD.com on WeChat, which opened up a traffic entrance for JD.com.

Alibaba is naturally very sensitive to traffic entrances.

Alibaba has been struggling to find a traffic entrance for a long time, always feeling that its traffic is not big enough or sufficient. It acquired UC for an online traffic entrance and acquired Focus Media for an offline entrance.

What is Focus Media?

These are the video ads that we see in office building elevators; they are all Focus Media’s industries.

At the last Internet conference, Jack Ma and Chen Pingjiang were still able to laugh and joke together, and Jack Ma even invited Chen Pingjiang to a private party, all because the two families did not have too many disputes.

But he didn't expect that Chen Pingjiang would stab him in the back. How could Mr. Ma tolerate this?
Faced with the increasingly aggressive Renren and Chen Pingjiang, Alibaba had to fight back.

After seeing this news, Chen Pingjiang just raised his eyebrows and didn't take it too seriously. The cooperation between the two companies was already expected by Chen Pingjiang.

The acquisition of Dianping was also the result of communication with Pony Ma and Shen Nanpeng. Although Zhang Tao, the CEO of Dianping, was very reluctant, he had no say in the matter, as capital would put pressure on him.

Rather than letting Dianping suffer setbacks and continuous losses until it finally closes down, it would be better to sell it to Renrengou while it still has some value. These investment institutions can still get a piece of the pie, even if the shares they hold in Renrengou Group are tiny.

…………

Jia Yueting: "Some of our domestic giant companies want to do everything. When they see others doing well, they want to get involved. Then, they rely on their strong ecosystem and abundant funds to almost crush other small and medium-sized enterprises. They want to do everything. Will they monopolize food, clothing, housing and transportation in the future?"

Reporter: "Excuse me, are you referring to Mr. Chen Pingjiang of Renren?"

Jia Yueting: "That's what you said, I didn't admit it."

Chen Pingjiang smiled playfully and turned off the video.

This is a recent news clip of a reporter interviewing Jia Yueting.

Chen Pingjiang was not mentioned in his words, but he was mentioned in every sentence, as if he was calling out his name with his ID card.

What is even more heinous is that they put a hat on Chen Pingjiang.

In fact, Chen Pingjiang has been very restrained, otherwise it would not be a problem for Renren to double its size.

"Mr. Chen, I analyzed the reason why Jia Yueting said that. It is very likely because we invested in Qvod and then took the streaming media route, which conflicted with their business direction. There are also rumors outside that Alibaba has recently become closer to LeTV and seems to have the idea of ​​investing in LeTV." Guan Yifeng reported.

"Well, I see."

It seems like a storm is brewing. Although Chen Pingjiang has been trying his best to avoid some negative comments on Renren, it is impossible to completely eliminate them.

In the past, everyone criticized Tencent, but now that Tencent is not doing so well, the target has changed to Renren.

If you want to wear a crown, you must bear its weight.

As the No. 1 domestic Internet company, we cannot avoid these.

But then again, Chen Pingjiang has a psychological burden in attacking others, but getting rid of you, Jia Yueting, is just like doing justice.

Speaking of Jia Yueting, Chen Pingjiang sometimes has to admire this guy. He is really good at attracting investment and has a good vision. He almost built the seven major ecosystems of LeTV.

The key to LeTV's collapse lies in its blind expansion and mad burning of money in pursuit of scale.

LeTV is making both mobile phones and cars, with supply chain expenditures often exceeding billions. Its core business, LeTV TV, also has poor sales. It would be strange if it didn't collapse.

Sun Hongbin, Xu Jiayin, and many other people have been cheated by Jia Yueting. They all acted as white knights, but while you were calculating other people's interest, others were calculating your principal.

The worst thing is that Boss Xu invested 20 billion US dollars in FF Automobile, but didn’t see a single cent.

Speaking of FF Automobile, this is another business card of Jia Yueting's eloquent speech. He has really mastered the capital operation.

"I will return to China next week." Didn't they later say that LeTV's debts had been resolved?
In fact, the problem has been solved, but it is equivalent to not paying it back.

Jia Yueting directly told the creditors that he would use FF Automobile's shares to repay them, even if they didn't want it. As a result, the creditors were forced to hold shares in FF Automobile, but FF Automobile eventually fell to $0.01 per share.

The shares held by shareholders are almost worthless pieces of paper.

FF Faraday Future: It’s fun to cheat sometimes and fun sometimes, it’s fun to cheat all the time.

How cool can FF be?
In order to pay off $8000 million in arrears, compensation and other expenses, the headquarters building was sold for $4 million and then leased back.

We held a strategic launch conference in the Middle East and received more than 72 orders in 300 hours. However, you should know that these orders were pre-orders for 0 yuan, which means they were verbal agreements, no deposit was required, and they could be cancelled at any time.

It took ten years to build cars and cost tens of billions of dollars to produce only a few.

Jia Yueting's FF is either raising funds or on the way to raising funds.

In the most desperate times, they could even sell the car manufacturing factory and then rent it back. Are you convinced by this operation?

Li Xi looked at Chen Pingjiang who was thinking deeply and asked, "Boss Chen, are we just going to let him talk nonsense and slander us?"

"Why rush? LeEco will only go public on the 12th. Now is the time when he is full of vigor and vitality. Let him show off. Don't be in a hurry to deal with him. Let him go astray first, and then we will give him a kick in the end. We have seen him build a tall building, we have seen him entertain guests, and we will see his building collapse. That day will not be long."

At present, Jia Yueting has not lost his mind. He is just focusing on LeTV and buying copyrights. When he starts making TVs and mobile phones, Chen Pingjiang will give him a severe blow.

"You're going back next week? I won't let you leave the country." Chen Pingjiang grinned. (End of this chapter)