I'm in the county town, and you say I'm a big shot?

Chapter 325 Meituan is here!

Xia He was somewhat surprised to hear this, and looked up at Fang Qingye: "You've invested in several companies, but you never mentioned letting me personally take a stake. Why are you suddenly bringing this up today?"

“Because this company is different from others, I have a feeling that it can become a super company like Alibaba or Tencent. If you invest some money now, you could get tens of thousands or even hundreds of thousands in returns! At that time, you will be one of the richest women in China,” Fang Qingye said half-jokingly and half-seriously.

After listening, Xia He thought about it carefully.

"Okay then, I'll listen to you and invest 30."

"Only 30?!"

"Where would I get that much savings?" Xia He rolled her eyes at him.
"My annual salary, bonuses, and all other miscellaneous expenses only amount to a little over 200,000 yuan. Last year, I spent nearly 400,000 yuan renovating my house. I need to save some money for myself, right? Unlike you, who's so rich!"

“Didn’t I give you ten million? Just use it,” Fang Qingye said.

“That’s money I used to trade foreign exchange for you. It’s your money, how could I misuse it?” Xia He replied.

"Then I'll give you some more."

"I don't want to! You've already bought me an apartment, I'm more than satisfied. I don't want to be your kept woman," Xia He said softly.

"Look at what you're saying. I earn so much money just to spend on the people I love, right?" Fang Qingye gently stroked Xia He's smooth back, then thought for a moment and added, "How much did you make trading foreign exchange?"

"About 120 million."

“From now on, all the profits from foreign exchange trading will be yours, and the losses will be mine. This way, you can take 120 out of the 70 million to make up 100 million to invest in ByteDance, and Tuofang Technology will only need to invest 100 million less,” Fang Qingye said.

Xia He sighed inwardly.

On the one hand, as Fang Qingye said, if this company really becomes a company like Tencent or Alibaba in the future, his 100 million will multiply many times over, and he will indeed become a millionaire.

But from another perspective, this is also Fang Qingye's way of making amends to herself.

This man in front of me is quite shrewd.

But who told me to fall in love with him?

Follow his instructions and don't cause trouble.

Thinking of this, Xia He said, "Okay, I'll listen to you."

"Alright, I'll call Zhang Yimin tomorrow and tell him to revise the investment contract."

"Ah."

The next morning, Fang Qingye called Zhang Yimin and Wang Qiong respectively to explain that Xia He also wanted to invest. When they heard that Xia He was Fang Qingye's friend and was making a financial investment as an individual without being involved in the specific management of the company, and that the 100 million share of Tuofang Technology would not reduce their own shares, they agreed.

In the afternoon, Wang Yu arrived in Yanjing from Nanxin. Fang Qingye took him to meet Zhang Yimin, who was entrusted with the full responsibility of signing the contract and preparing for the company's future on behalf of Tuofang Investment. Fang Qingye continued to act as a hands-off manager.

Xia He spent three days in Yanjing for meetings and two days with Fang Qingye before preparing to return to work in Huijing. Fang Qingye also planned to leave Yanjing, but instead of returning to Nanxin, she went to Shanghai. Tomorrow Cube Quantitative Investment Company has been registered, and Li Li has found two locations for the office. The final decision will be made after Fang Qingye goes there.

Originally, Fang Qingye suggested that Li Li should make the decision herself or consult Wei Xinghua, but the girl insisted that he personally inspect the site, saying that such a large expenditure item as the annual rent of several million should be decided by him, the boss.

She's a bit timid.

That's fine, though, at least it prevents me from seizing power.

It seems that after Tomorrow Cube is officially established, some regulations, especially in the financial aspect, need to be refined and responsibilities clearly defined to improve work efficiency; otherwise, we will exhaust ourselves.

Fang Qingye still took Xia He to the airport, and then returned to the hotel. He had booked a flight for tomorrow morning.

Not long after returning to the hotel, I suddenly received a call from Zhang Yimin: "President Fang, a friend of mine wants to see you."

"Who?"

“Wang Xing is also from my hometown. He founded Fanfou.com and HaiNei.com, and I worked for his company. Now he founded Meituan.com, a website specializing in group buying,” Zhang Yimin said on the phone. Wang Xing of Meituan!
Indeed, Zhang Yimin and Wang Xing are both from Longyan, Fujian Province, and the two have a very good relationship.

“Okay, where shall we meet?” Fang Qingye asked.

"Let's go to that coffee shop downstairs from the company. It's four o'clock now, how about five?" Zhang Yimin said.

"Row."

"see you then."

In Zhang Yimin's office, Wang Xing was on the sofa. After seeing Zhang Yimin finish the call, he asked anxiously, "Did President Fang agree?"

“Yes, five o’clock, at the coffee shop downstairs,” Zhang Yimin said.

"That's great!" Wang Xing exclaimed excitedly.

Zhang Yimin certainly knew why her good friend and fellow townsman Wang Xingneng was so happy to be able to meet Fang Qingye.

Meituan, the company he founded, is in dire need of money right now—not just a few million or tens of millions, but a lot of money.

Because the group-buying sector, in which Meituan operates, is experiencing fierce competition from companies like Lashou, Wowo, 24juan, Manzuo, and Gaopeng, it has begun round after round of financing competition. Platform-based internet companies such as Sina, Tencent, Kaixin, and Renren have also entered the group-buying sector one after another. As a latecomer, Meituan is not at an advantage in this competition.

In order to avoid being defeated and devoured by competitors, Meituan urgently needs a large amount of financing.

In Wang Xing's words, he was like a starving wolf, needing a lot of meat to fill his stomach.

Wang Xing overheard Zhang Yimin mention that an angel investor named Fang Qingye had invested 1000 million yuan in him to start a new company. Wang Xing immediately went to Fang Qingye's door to ask for a meeting, which led to today's coffee shop appointment.

“Yiming, I hope I can be as lucky as you,” Wang Xing said.

"I think so," Zhang Yi said with a smile.

Fang Qingye took a taxi and rushed over.

Although Zhang Yimin didn't mention Wang Xing's purpose for wanting to see him on the phone, how could he not know?

Historically, Meitu is not currently engaged in a fierce competition with Ele.me, but rather in a very intense competition among group-buying websites, involving more than 5000 websites!

The competition was so fierce that later generations referred to this period of history as the "Battle of a Thousand Regiments".

To put it bluntly, it's all about who raises the most money and burns the most cash. It's said that Wowo.com is the most extravagant of all.

The founder of Wowo.com is Xu Maodong, a veteran in the internet industry. In 05, he founded Galaxy World Group, providing industrial internet services. Later, he founded PercentLink, which was sold to Telstra, netting him nearly 10 billion yuan.

In 2010, Xu Maodong acquired Wowo Group and entered the group-buying market.

According to industry estimates at the time, Wowo Group spent between 6000 million and 1 million yuan on marketing every month. A marketing specialist with a salary of only 3500 yuan was constantly thinking about how to spend hundreds of thousands of yuan in marketing expenses.

Because I can't spend the money, my performance bonus will be deducted!

At that time, there was a saying on Wowo Group: "If you can't even spend money, what kind of market are you going to do?"
Despite its deep pockets and monthly spending of nearly 100 million yuan, Wowo.com's gross profit margin was only 5%. Therefore, after six failed IPO attempts over four years, although it managed to go public, it did not improve Wowo.com's overall performance and was ultimately abandoned by the capital market.

Countless websites similar to Wowo.com collapsed, but Meituan, which started out not very noticeable, ultimately prevailed.

It must be said that Wang Xing is quite capable, managing to break through a mountain of corpses and a sea of ​​blood.

Perhaps this is one of the reasons why Meituan, which later entered the food delivery industry, was able to defeat Ele.me, which had been deeply involved in the food delivery market for many years.

Fang Qingye pondered this question seriously.

(End of this chapter)