I can become stronger by paying salaries. I have one billion employees!

Chapter 427 Breaking the 2000 Million Barrier, Shocking Competitors! Wang Xin's Tenth Entrepreneurial Venture!

On June 1, Wang Xin reluctantly signed the equity transfer agreement, declaring that he had no further relationship with Meituan.

Sequoia Capital and Ali took the opportunity to exit, selling their shares to Sanpower Group, while General Atlantic, persuaded by Zhao Yafei, chose to continue holding them.

After all, Sanpower Group's business spans multiple fields such as department stores, e-commerce, property leasing, medical services, online matchmaking, real estate, and art finance, with total assets exceeding 500 billion yuan.

With its strong financial backing, Meituan's market value may be able to reach even higher levels.

It must be said that General Atlantic is indeed gambling.

As Shen Nanpeng left, he gave Wang Xin a deep look. He knew in his heart that he had lost his gamble.

Wang Xin and Meituan didn't survive to the end. The winner of the "Group Buying War" might be Baidu or KuaiPao.

As for Sanpower Group, although it seems powerful, its business is too diversified, and it cannot exert its full strength online, so it is destined to become a "white knight".

Ji Gang was even more decisive, turning around and leaving.

In his view, Wang Xin's biggest contribution to Alibaba was selling Meituan ahead of schedule, making his financial statements look better.

Investing in Meituan was one of Ali's worst decisions in recent years.

Wang Xin is not only incompetent, but also has poor character!
Ji Gang hadn't forgotten the incident where Wang Xin tricked Ah Li.

"Mr. Wang, it's been a pleasure working with you. I'll need your help with the project handover over the next month."

Zhao Yafei extended his right hand and said with a smile.

"Mr. Zhao, that's only right." Wang Xin forced a smile and readily agreed.

Since the money hadn't arrived yet, he naturally had to cooperate with the other party's merger and acquisition efforts.

Sanpower Group's acquisition of Meituan was primarily aimed at expanding its online business, building an O2O e-commerce platform, and finding new profit growth points.

For Zhao Yafei, the price of 1.8 million US dollars is not expensive.

Ten minutes later, after seeing Zhao Yafei off, Wang Xin returned to his office and slumped into a chair, looking utterly dejected.

"Old Wang, call Shen Peng and the others in."

Wang Xin, barely holding on, said in a deep voice.

“Brother Xin, once we get the money, we can switch to another track and avoid competing with Senlian Capital. Next time, we will definitely win.”

Seeing his elder brother looking dejected, Wang Huiwen quickly tried to comfort him.

"Go ahead," Wang Xin said, waving his hand.

Including Meituan, he started a business nine times, but failed nine times.

To be honest, he had lost confidence in himself.

Wang Huiwen sighed, turned and left, calling the other three founders of Meituan together, and they returned to Wang Xin's office.

"I'm sorry, Meituan lost again, and we've let everyone down." Wang Xin bowed deeply.

He knew that Wang Huiwen, Shen Peng and others were working hard for him to achieve financial freedom, and these four people in front of him were the 'one of his own' in Wang Xin's eyes.

“Brother Xin, we can always start over. I believe in you.” Wang Huiwen, a loyal follower of Wang Xin, responded immediately.

“Brother Xin, if group buying isn’t working, let’s try another approach. There’s no reason we can’t win forever,” Shen Peng said with a shrug.

“I have reached an agreement with Sanpower Group. The selling price is US$1.8 million, so you can cash out tens of millions of yuan from your shares.”

Wang Xin smiled knowingly and slowly began to speak.

At this point, his shareholding ratio was 46.1%, making him the biggest beneficiary, with an estimated net profit of 0.83 million US dollars.

Although Meituan failed, it earned tens of millions of dollars more than Xiaonei.com did back then.

Wang Huiwen, Shen Peng, and the others looked at each other in dismay. The return of several million yuan was dozens of times less than expected.

But they knew in their hearts that if they didn't sell the company, they probably wouldn't even get those few million.

"Sigh." Someone sighed first.

Immediately afterwards, emotions seemed to spiral out of control, and the room was filled with pessimism.

Wang Xin casually took out a cigarette and lit it without regard for anyone else.

The remaining few pulled up a chair, puffed on cigarettes, and brainstormed ideas for their next startup project.

For a moment, the office was filled with smoke, like a bathhouse.

"Why don't we just go into e-commerce? Pinduoduo has become the second largest player in the industry in less than two years, and its market potential is amazing."

"Pinbei has primary traffic entry points on WeChat and QQ, do we? Relying on paid user acquisition is costly and has low retention. How can we compete with companies like JD.com, Pinbei, and JD.com?"

What about car sharing?

"It is difficult to maintain and has a long payback period."

"Entering the mobile game industry? The mobile internet is developing faster and faster, and the number of smartphones has increased by hundreds of millions compared to two years ago. I think it is a good blue ocean market."

"Why not do P2P lending? Just set up a platform, and you can make a fortune just from the platform service fees and interest rate spreads, not to mention the revenue from advertising and data services."

I've done my research. Loan interest rates are generally between 8% and 15% annualized, while investor returns are between 4% and 8% annualized, meaning you can earn at least a 4% to 10% gross profit – much easier than group buying.

The group discussed amongst themselves.

Gross profit margin of 4% to 10%?
If the platform's annual lending amount is 100 billion, wouldn't it be able to earn up to 1000 billion?
Wang Xin squinted, a hint of interest appearing on his face.

It's just lending money; even Ali (a popular Chinese internet celebrity) does it, so why can't I?

Wang Xin had no psychological burden whatsoever; making money was nothing to be ashamed of.

He thought for a moment, then looked at Wang Huiwen and said, "Old Wang, what do you think?"

“I don’t know anything about the P2P industry,” Wang Huiwen replied cautiously.

"Brother Xin, Mr. Wang, I have thoroughly studied the business model and operation of P2P. First, find a few big-name celebrities to endorse it, then find a few shopping guide websites to drive traffic, and it will be easy to sell billions of yuan worth of products in a month."

Shen Peng said with a smile, having seen through Wang Xin's little scheme.

In fact, he wasn't making things up. PPDai, Hongling Venture Capital, Yixin, Renrendai, and Lufax all do the same thing. If they expand into microloans and merchant loans, they'll definitely make a fortune.

In 2013, the P2P industry was in a period of rapid, unregulated growth, and it was still two years away from its peak.

Born in 2013, flourished in 2015, died in 2019, and was buried in 2020.

Some people made money, some lost money, some went in, and some went out.

However, Shen Peng was right about one thing: P2P was a sunrise industry in 2013, and it also followed the development trend of the 'sharing economy'.

"Let me think about it. Do you have any other ideas?" Wang Xin asked again.

"Brother Xin, the economy has grown extremely fast in the past two years, and the income of white-collar workers has also increased rapidly. I think the market prospects of the hotel and tourism industry are good. We can start with vertical categories and form a differentiated advantage."

Wang Huiwen glanced at Shen Peng secretly; he did not approve of engaging in P2P business.

Loan interest rates of 8%-15% are too high. Are there really that many people borrowing money?
He doesn't believe it.

"The hotel and travel industry already has Ctrip, eLong, Qunar and Tongcheng. The competition is no less intense than in the group-buying industry. Moreover, Kuaipao has been aggressively poaching people recently, and they are said to have all gone to the hotel and travel business unit."

Wang Xin frowned and shook his head in refusal.

Currently, only the proposals from the P2P and mobile game industries seem most reliable.

at the same time.

After chatting with Yu Xianyang, Chen Yansen, having nothing else to do, led him to the R&D laboratory of Tiangong A100.

"Mike, Lao Wu!"

As soon as Chen Yansen entered, he called out to Mike and Wu Shengyu. Hearing this, the two subconsciously looked up at the door and saw Chen Yansen walking in with a middle-aged man in his thirties.

"Old Yu, this is Mike Keller, the chief designer of Tiangong Chip, and also your direct supervisor. This is Wu Shengyu, the senior chief engineer of Tiangong Technology."

Chen Yansen personally introduced Yu Xianyang to the two of them.

Mike Keller and Wu Shengyu immediately realized that the person in front of them must be quite skilled, otherwise Chen Yansen wouldn't have come along.

"Yu Xianyang, former chief engineer at NVIDIA, is now a senior chief engineer in the GPU design department of Tiangong Technology. It's a pleasure to meet you both."

Yu Xianyang spoke up.

"Mike, I'm handing the man over to you. Improve the architecture design of Tiangong A100 as soon as possible. I've reviewed your and Lao Wu's plans, and they're fine; the approach is correct."

Chen Yansen patted Mike on the shoulder and gave him a serious warning.

"Boss, rest assured, our R&D capabilities are no less than Apple's. If it weren't for your high requirements, the Tiangong A100 would already be in the tape-out stage."

Mike lowered his body to make it easier for Chen Yansen to make his move. He looked flattered, but said something complaining.

He both admired Chen Yansen and had a lot to say about him.

"Good things come to those who wait, what's the rush?" Chen Yansen said dismissively.

Mike is a straightforward person. Every time they meet, he wants to say something to his boss, but then he turns around and tells everyone, "Chen Yansen is my mentor."

After settling Yu Xianyang in, Chen Yansen walked back.

"Xiao Zhang, I don't recommend you quit your job. Think about it, you went through several rounds of interviews to get into Orange Payment. Was it easy? What difficulties did you encounter? Tell me, maybe I can help you solve them."

Standing beside the park fence, Zhang Baofeng earnestly offered his advice.

"Brother Zhang, the company's treatment and benefits are quite good, and my colleagues are also very nice. It's my personal problem."

Zhang Peng opened his mouth, about to say something, but then swallowed the words back and said something else.

Chen Yansen stopped and glanced at Zhang Baofeng, recognizing him as the head of the NFC payment development team.

After a moment's thought, he turned around and walked over.

Zhang Baofeng caught a glimpse of Chen Yansen out of the corner of his eye, and quickly bent down and greeted him with a grin, "Boss."

What stage has the development of NFC payment functionality reached?

Chen Yansen asked casually, ignoring Zhang Peng.

"Just finished. Next up is testing and equipment adaptation," Zhang Baofeng replied immediately.

This kid has a bit of a sense of responsibility, but not much.

The project was just completed, and he's already planning to resign.

"Want to chat for a bit?" Chen Yansen asked Zhang Peng.

"Boss, I..." Zhang Peng stammered. He hadn't yet recognized the big boss in front of him as the 'idle man' who had spoken so hurtfully that night.

"Boss, I'll head back now." Zhang Baofeng suddenly realized, thinking: No wonder this kid doesn't cherish his job at Orange Payment, it turns out he knows the boss.

After Zhang Baofeng had walked away, Chen Yansen jokingly asked, "If you lose your job, how will you support your older sister?"

"How did you know?" Zhang Peng was taken aback at first, then asked in astonishment.

But he wasn't stupid; he quickly realized that Chen Yansen was the 'colleague' who loved listening to gossip.

“You didn’t finish last time, continue,” Chen Yansen waved his hand.

"Boss, how old was your ex-girlfriend?" Zhang Peng asked cautiously.

"Who gave you the audacity to pry into the boss's privacy?" Chen Yansen said sternly.

What the hell!

Then why are you asking me?

So you're the epitome of double standards!

Zhang Peng was dumbfounded and muttered to himself.

After a moment's thought, he finally told Chen Yansen everything, and then looked at him with hope.

"Go write your resignation letter."

Chen Yansen said calmly.

Before Zhang Peng could even show a hint of joy, she added, "What's the difference between a penniless man and a stray dog ​​on the street?"

Zhang Peng paused for a moment, then asked timidly, "Boss, could you transfer me back to Shanghai?"

"Are we that close?" Chen Yansen asked with a half-smile.

“I’m your employee,” Zhang Peng said shamelessly.

"Who hired you? I'll fire him too later," Chen Yansen said bluntly.

Zhang Peng chuckled awkwardly and leaned against the fence in silence.

"Make your own decision, or you could try a different approach and give your dad a grandson," Chen Yansen joked.

The reason he was willing to talk to Zhang Peng more was simply because he saw a reflection of himself in the other person.

"Grandson?" Zhang Peng stood there, stunned, and began to ponder.

When he looked up again, Chen Yansen was already gone.

The old man got married because the woman was pregnant. If he didn't want his son, wouldn't he at least want his grandson?
Thinking of this, Zhang Peng wished he could immediately ask for leave and go back to Shanghai to have a baby.

the other side.

After having lunch at the company, Chen Yansen went home after get off work.

Anyway, it's Saturday, and most people are on holiday, except for a few project teams that are working overtime.

Before long, a Ghost drove onto the Virtual City Avenue.

at the same time.

Lei Yijun, along with Li Wanqiang, Lin Bing, and others, held a small celebration party at Xiaomi's headquarters to congratulate the Redmi 1 on selling 2 million units. Combined with the sales of the Xiaomi 2S and 200A, the total sales reached 270 million units, completely crushing 360 Mobile.

"At the current sales rate, it is estimated that Xiaomi's total shipments will exceed 1500 million units by the end of the year!"

Lei Yijun stood in front of the podium in the conference room and spoke with great excitement.

Last year, Xiaomi only sold more than 700 million units. At the beginning of the year, he made a bold statement that he would double that number, but was ridiculed by Zhou Hongyi.

1500 million units is a conservative estimate. At this moment, Lei Yijun even wanted to shout out a figure of 2000 million units, but he held back.

"Ah Li, come over for a drink?" Lei Yijun called out as he saw Li Wanqiang sitting in the corner.

"Mr. Lei, Orange Technology's official Weibo account announced the total sales figures for the Qingcheng D2 five minutes ago."

Li Wanqiang swallowed hard, his face filled with shock.

"How much?" Lei Yijun asked curiously.

“2000 million units!” Li Wanqiang said, emphasizing each word.

Lei Yijun, Lin Bing, and the others, who had been beaming with joy, instantly lost their interest in celebrating.

It's worth noting that the Qingcheng D2 has been online for less than 80 days, which means it's selling 25 units per day.

These sales figures are absolutely terrifying!
Lei Yijun is not alone in sharing this view. Mobile phone manufacturers such as Coolpad, Lenovo, ZTE, OPPO, and Meizu also fell into deep thought after seeing Orange Technology's battle report.

(End of this chapter)