The richest man starts with mining

Chapter 229 Burn money, burn money, burn money!

When negotiating the airport, Zhou Qi bumped into people from Jubao Auction Company.

But with the relationship of Zhang Nuoru's mother, Jubao Auction Company has never competed with Wanbao.

"Mr. Zhang, what advice do you have?"

Inside Jubao Auction Company, Zhang Wantao smiled and said, "Mr. Zhou, can I have a meal at noon as a favor?"

"There is no cooperation between us?"

"No, but we can be partners."

Zhang Wantao smiled and said, "I heard that Wanbao has been in trouble recently, do you need help?"

"Good intentions!"

Zhou Qi said: "I still have something to do here, hang up!"

The phone was hung up, and the smile on Zhang Wantao's face disappeared, "Oh, quite proud!"

Jubao is a wholly-owned subsidiary of Duobao Auction House in Shanghai, and Zhang Wantao was originally the head of the Changnan branch.

Business ability is also quite good.

Moreover, he also set his sights on the mass auction market.

Low-end customers have thin profits but a large base.

There are too many high-end domestic companies, both listed and unlisted.

Duobao couldn't squeeze in at all.

Everyone has decades, hundreds of years of international auctions, with word-of-mouth and quality assurance.

Having worked in Changnan for six or seven years, Zhang Wantao also feels that the mid-to-high-end market has been split.

Go on, there is no other way but to close the door.

Just at this time, Wanbao was born.

One set of patterns after another stunned Zhang Wantao.

This company is really capable of doing things.

The main focus is on the sinking market, and the market is still the industry. Once it is done, it will be the upper reaches of the low-end market industry.

But unfortunately, Wanbao has a wide network of contacts, so he can only follow suit.

Fortunately, the Modu headquarters attached great importance to this investment, and even sent someone here.

Now the Changnan auction industry structure has changed quietly, and various new auctions are emerging one after another.

It has brought brand-new changes to the entire industry. Internet auctions have existed for a long time, but there is no company that can attract customers like Wanbao!

Wouldn't it be great to make a plate, buy it upside down, and earn a lot of money from him?

It's the same as sharing bicycles and burning money. In the end, there will still be people who are taken advantage of and pay for the traffic market.

"Send someone to contact us first to see if we can acquire shares or merge them. The headquarters' valuation of Wanbao is [-] million yuan!"

"Is the valuation so high?"

Zhang Wantao was startled.

"All the airport channels of Xijiang, plus the founding company of the auction house model and millions of customers, the highest number of people watching the live broadcast on that day is 80, the potential is huge, and two hundred million is worth it!"

Said the venture capitalist who came from Shanghai.

Zhang Wantao nodded. The headquarters is valued at [-] million, so he must have the confidence to sell at a higher price.

Capital, never do business at a loss.

The next day, the online auction and offline auction started at the same time.

In order to expand its influence, the offline auction also allocated some boxes for sale.

As a result of this, traffic surges.

The app of Wanbao Auction House directly removed the auction house and directly changed its name to Wanbao.

And the app has also become a panda, lying on the cornucopia.

When anything is connected to the Internet, there are only two cores, traffic and monetization.

The second is the degree of customer stickiness and the number of times the software is opened.

If you want to have these, you must first have downloads and promotion.

Song Qian took a fancy to Wanbao's potential, and once again spent another [-] million to promote the business negotiations, overwhelming.

Downloads are booming!
"The number of servers needs to be increased, and the number of broadband lines also needs to be increased. When the number of people watching the live broadcast increases, it will freeze, which will greatly affect the viewing experience!"

"Download and get a red envelope, don't be afraid of burning money, now is the time to grab traffic!"

"There is also a gift function in the live broadcast room that can also be made."

"Invite more treasure Vs to join our software, and when the traffic increases, it will definitely attract more people."

"Wanbao should be made into a professional comprehensive software, so that when people mention antique collection, they will think of Wanbao!"

Zhou Qi thought to herself, she originally wanted to do a low-end auction, but it didn't take long for her to become a high-end one.

Fortunately, Song Qian bought half of her shares, otherwise, she would not be able to survive now.

"People from Jubao contacted us and wanted to acquire us!"

"Oh?"

Song Qian asked with interest: "How much is the asking price?"

"1.2 billion!"

"Heh, do you want to buy with such a small amount of money?"

Song Qian curled his lips. Although he agreed to this plan, all his investment in the early stage can be recovered, and he can still earn tens of millions.

But Song Qian didn't like that little money.

"Simply refuse!"

After Zhou Qi refused, the price was raised again to 1.5 million.

In the end, it rose all the way to 1.8 million, but Song Qian was not tempted.

The higher the price they give, the greater the potential of Wanbao.

After being rejected, Zhang Wantao said: "Wanbao is a bit greedy, 1.8 million is already very high."

The venture capital brought out the background of Wanbao Company, "The legal representative of this company is Zhou Qi. Zhou Qi is the owner of Zijin Auction House. This auction house has a history of more than 20 years in Changnan. It has certain fans and high-end customers. Not a lot.

But Wanbao's major shareholder is not Zhou Qi, but Lan Yingying. This Lan Yingying was the vice president of Baoli (Changnan) Company and has a wide network of contacts.

Now it can be found out that Lan Yingying holds 85% of the shares, while Zhou Qi only holds 15%. Coincidentally, Lan Yingying is also the person in charge of Feilong Auction House.

Who is the owner of Feilong Auction House, don't I need to say more?The big boss behind this company is Song Qian, a new boss in Changnan. "

The venture capitalist said: "I also spent a lot of effort to investigate clearly. Boss Song himself is a big treasure owner. I don't know how much he is worth, but it will definitely not be less than 50 billion!"

Zhang Wantao looked serious, "The boss behind Wanbao is really Song Qian?"

There were rumors in the circle before, but few people believed it. After all, Feilong Auction House joined Baoli as a high-end customer.

In the first auction, the world's number one opal was sold, and it was sold for a sky-high price of 17 billion, which directly aspired to be the most expensive item in Xijiang.

"This should be!"

said the venture capitalist.

"Isn't wishing for mergers and acquisitions just a dream?"

"Not necessarily, it's nothing more than a price issue!"

The venture capitalist thought for a while, "Since the other party does not accept the acquisition, then we will use the money to develop ourselves and imitate his route!"

In the business circle, it is too common to imitate each other.

Instant noodles, Lao Tan and Kang Shuaifu.

Ten Billion Group, Panpan started by imitating, and then won by price.

Just when Wanbao was burning money to rob customers, the bidding in Yi'an, Xianjin, and Changnan counties made substantial progress.

The Feilong Group won three pieces of land.

Ngee Ann 266 acres, 400 million an acre, 640 million won the bidding.

The average price of new houses in Ngee Ann is around 7800.

Xianjin won the bidding for 300 mu, 380 million per mu, and 400 million.

The unit price of a new house is around 7200.

Changnan County has 278 acres, 600 million acres, 600 million acres.

The unit price of a new house is around 11200.

(End of this chapter)