If everyone is reborn, who will work for capital?

Chapter 171 Disrupting the Opponent's Press Conference and Successfully Leveraging the Opportun

Chapter 171 Disrupting the Opponent's Press Conference and Successfully Leveraging the Opportunity (7.6k)

After Tang Yan finished speaking, all was silent, and the atmosphere froze.

Eight organizations sat down together to discuss?

Yang Dong and Shen Nanpeng exchanged a glance, both seeing a hint of doubt and a touch of nervousness in each other's eyes.

If it's fake, then this is just a negotiation tactic.

If true, this is a threat to force someone to abdicate.

While Tang Yan, a former deputy editor-in-chief of NetEase, was known for his straightforwardness and cunning, the fact that these words came from his mouth made the two men believe him even more.

The CEO of Mingfan Technology has made it very clear: Sequoia Capital must either accept or exit, and a decision must be made now.

Yang Dong felt that his mission was completely accomplished, so he didn't say another word and waited for Shen Nanpeng to make the final decision.

The usually calm and experienced Shen Nanpeng suddenly felt the immense pressure coming from the young man opposite him and was caught in a dilemma.

If it were any other domestic entrepreneur saying they wanted to bring together seven or eight investment institutions to bid for investment, he would not believe it for a second.

But the person in front of me is so straightforward! What wouldn't he do?

Shen Nanpeng's current dilemma is no longer whether it's true or false, but whether he will miss out.

What if there really is an institution that's even more foolish and richer than Sequoia Capital?

Shen Nanpeng began to quickly filter through the institutions that Tang Yan had just mentioned in his mind.

IDG Capital currently manages more funds than Sequoia Capital, and just a few days ago it received funding from the social security fund.

A 2 million RMB investment provides more resources —

KPCB still has over $1.5 million in uninvested funds this year, so it's not short of money.

Qiming Venture Partners has just completed fundraising for its first RMB fund and is currently looking for projects.

Similar to Qiming Venture Partners, Matrix Partners China, in addition to its existing USD fund, has just completed its first fund raising of ¥2.3 million.

Yunfeng Capital's first fund is ready and is urgently looking for a good investment target. Moreover, the stranger social networking sector and Alibaba have the potential to form a strategic synergy.

It's hard to say for sure right now, but the probability is probably low.

Penguins—let's not even consider them; they're just a fooled runner-up.

After some analysis, Shen Nanpeng believes that among the four financial investors (IDG, KPCB, Qiming Venture Partners, and Matrix Partners) and the strategic investor (Yunfeng Capital), one or two might actually agree to the straightforward valuation of US$2.5 million.

Now comes the problem.

Is Sequoia Capital leading another Series B round of funding to increase its stake?

Or will you only exercise your preemptive right in the Series B round to maintain your shareholding percentage?

Or should we simply abandon the Series B round and watch our equity be diluted?

Shen Nanpeng felt a little flustered.

Tang Yan and Lü Siyu were very flustered, and both of them glanced at their boss as if they were just doing it by chance.

He maintains a calm demeanor on the surface, but he is actually very nervous inside.

He was gambling, gambling big.

If Sequoia Capital agrees to a valuation of 2.5 million, then the meeting of the eight major factions to discuss Series B financing three days later will have a chance.

However, if Sequoia Capital, an existing shareholder in the Series A round, withdraws, the probability of other investment institutions accepting the $2.5 million valuation is extremely low.

Moreover, without Sequoia Capital leading the investment, the other firms might collude to lower the price or engage in disputes. Given Geng Zhi's own capabilities, controlling the other investors would be an impossible task.

At that point, Gengzhi would be forced to activate Plan B, bringing in Arctic Capital to stir things up again. However, this would not only delay the fundraising process but also diminish its effectiveness.

Time passed second by second.

Shen Nanpeng remained silent, making the atmosphere in the room even more subtle.

Yang Dong glanced at the time; it was already 11:55, lunchtime.

He had an idea and seized the opportunity to break the deadlock: "Mr. Geng, you don't have any plans for lunch, right? How about I order some food from Ele.me and we eat here together?"

Geng Zhi knew that this was Yang Dong's delaying tactic, an attempt to buy Shen Nanpeng more time to think.

He was pleased with the outcome, glancing at Tang Yan and Lü Siyu for their opinions before replying directly, "Okay, then I'll trouble you, Mr. Yang."

Yang Dong was overjoyed: "These past few days I've been using a food delivery website called Ele.me. I can order directly online, it's very convenient!"

I'll just order a pizza!

"Little Sheep, why don't we order a pizza instead? Let's try some of the boneless roast chicken that Xiao Geng brought," Shen Nanpeng suggested.

"good!"

As Yang Dong spoke, he went to the computer, logged onto the Ele.me website, and ordered four Domino's Pizzas.

The Huamao Center is not far from Beijing University of Technology and Communication University of China. Ele.me has just launched its business here.

At 12:35, the pizza was delivered.

Yang Dong then found a large plate, cut the boneless braised chicken apart, and the five of them ate and chatted.

They talked about the weather, the air quality, the mobile internet industry, and the South Africa World Cup, but they didn't talk about Alum Technology's B.

Round of financing.

Shen Nanpeng has set a rule that financing should not be discussed during meals.

"Ele.me's food delivery model is quite interesting," Yang Dong casually asked. "Does Shanghai have similar food delivery platforms?"

"Mr. Yang, Ele.me was founded by alumni of our Jiaotong University," Lu Siyu chimed in. "Moreover, Ele.me's office is right next to our Mingfan Technology, on the same floor."

"Huh? Ele.me is actually a Shanghai-based company? I thought it was in Beijing—" Yang Dong asked curiously, "How many people work at Ele.me?"

"There are probably twenty or thirty people stationed in the office, and there will be even more if you add the field promotion team outside," Geng said directly.

"How many orders do they get every day?" Shen Nanpeng asked curiously.

"At the beginning of last month, I had chicken hot pot with Zhang Xuhao, the founder of Ele.me. At that time, he said that the daily orders had stabilized at more than 4000, but Ele.me had not yet entered the capital city. I don't know about now," Geng Zhi said earnestly.

Shen Nanpeng seemed to be deep in thought.

Seeing that Shen Nanpeng seemed interested, Geng Zhi seized the opportunity to probe, "Senior Shen, what do you think of Ele.me's food delivery model?"

Shen Nanpeng pondered for a moment before slowly commenting: "It's fine as a small-scale business, but it's very difficult to scale it up. The barriers to entry are low, there's a lack of economies of scale, and the market isn't very large."

"That's right," Yang Dong chimed in, "The model is too asset-heavy, the fulfillment process is lengthy, and users don't have the habit of ordering food. Moreover, these websites are highly localized, making it difficult to create a leading effect. Compared to the asset-light model of group-buying websites, it's far inferior."

Seeing Geng Zhi shaking his head repeatedly, Yang Dong smiled and said, "Mr. Geng, you don't agree? Why don't you analyze it?"

"I agree with your judgments based on the present, but I disagree with your judgments based on the future." Geng Zhi paused, then smiled and said, "It's just like when Taobao first came out, everyone generally rejected it."

Hearing Geng Zhi use Taobao as an example, Shen Nanpeng's curiosity was completely piqued: "Xiao Geng, what do you mean?"

"Ordering food relies on computers, online banking, or cash; users haven't developed the habit, and merchants' delivery efficiency is low—these are all true," he bluntly retorted. "But what about in a year or two?"

Before Shen and Yang could answer, Geng Zhi answered himself: "Two years from now, the number of smartphone users will exceed 3 million, 3G tariffs will be further reduced, Alipay will be more widespread, and the Ele.me mobile app will be gradually improved, allowing users to order food anytime, anywhere —"

"Once the market takes off and becomes profitable, third-party delivery teams may emerge. At that point, food delivery companies can adopt a light-asset model that focuses solely on online operations."

"If Ele.me is still alive two years from now, its understanding of the industry will be far superior to its competitors. What would it mean if daily orders exceeded one million, ten million, or even more?"

After rambling on and on, Geng Zhi abruptly stopped, leaving the time to the two investors who were listening intently.

Shen Nanpeng stopped removing his disposable gloves, and Yang Dong hesitated to put the last bite of pizza into his mouth.

Tang Yan and Lü Siyu, who were standing beside him, also seemed to be deep in thought.

After a silence of seven or eight seconds, Shen Nanpeng smiled and said, "Xiao Geng, how do you know so much about the food delivery model?"

"Because I'm full of curiosity about this world," Geng Zhi said.

Shen Nanpeng, Yang Dong, Tang Yan, Lü Siyu:

-

"Just kidding, just kidding." Geng Zhi waved his hand with a smile, "Actually, I'm just lucky to be in the right place at the right time. Many of the viewpoints come from Zhang Xuhao, the founder of Ele.me. We eat chicken hot pot together and chat every now and then."

"I see." Shen Nanpeng nodded.

After laying the groundwork for so long, Geng Zhi continued with his brainwashing mode: "Senior Shen, President Yang, what you investors love to talk about most is the competitive landscape, the size of the market, and the business model. But sometimes, you get misled by these empty words and they become detached from reality."

"In terms of understanding the details of specific business operations, you often lag behind entrepreneurs."

"I often think that if a venture capital firm can invest in an entrepreneur who knows how to both dream big and keep their feet on the ground, that's a perfect match. It would be an injustice if such a firm didn't make a fortune!"

"The boss is right!" Tang Yan, standing next to him, clapped his hands in a very appropriate manner. "This is the relationship between a thoroughbred horse and its discerning owner!"

Mr. Shen and Mr. Yang are truly exceptional talent scouts!

"Yes!" Lü Siyu chimed in again, "But if a talent scout can't recognize a thoroughbred horse, then he can't be called a talent scout anymore, right?"

Shen Nanpeng and Yang Dong exchanged a glance, then looked at the three people who were singing in unison, and helplessly pursed their lips.

As the dinner party drew to a close, Geng Zhi continued his performance.

He slowly began to speak: "Actually, for a talent scout, the most terrifying thing is not missing a thoroughbred, but mistaking a mediocre horse for a worthless one."

They even mistook a donkey for a thoroughbred horse, and suffered a great tumble.

Yang Dong sensed the hidden meaning in Geng Zhi's words and quickly asked, "Mr. Geng, I would like to hear the details."

"Let me just give you an example. The following is purely my personal opinion and is not influenced by any emotions."

Geng Zhi chuckled, stacked his nails first, and then continued: "If a platform relies solely on massive subsidies to acquire users and impressive revenue figures, with all the money ending up in the hands of B-end channel partners, this unhealthy money-burning model is difficult to sustain. Because the business model is fundamentally flawed."

"Unless it's acquired by a giant, investors' money will most likely be lost."

Upon hearing Geng Zhi suddenly utter these two nonsensical remarks, Shen Nanpeng frowned deeply.

Yang Dong was taken aback at first, but then he remembered that Geng Zhi had asked about Lvmama's financing when he first came in, and suddenly realized that Geng Zhi was alluding to Lvmama.

But how does Mr. Geng know so much about the OTA industry?

Could it be because Mr. Geng is also in Shanghai, and thus has access to inside information about Lvmama.com?

Is this a friendly suggestion to Sequoia not to mistake a donkey for a thoroughbred horse?

"Xiao Geng, just say what you want to say, no need to beat around the bush," Shen Nanpeng said with a smile.

"Senior Shen is the co-founder of Ctrip.com. You must know better than me that the ticket business actually has a very small share in the entire OTA market. The profit margin is thin, the business volume is limited, and the market space is not large."

"If we saved the money and invested it in instant messaging—Senior Shen, investment requires caution—"

Before Geng Zhi could finish speaking, Shen Nanpeng understood, completely understood.

It turns out that from the very beginning of our conversation about Ele.me, this straightforward guy had been laying the groundwork all along, and he's been doing it right up until now!

However, his straightforward hints did indeed catch Shen Nanpeng's attention.

"Here, Senior Shen, have this auspicious chicken leg too," Geng Zhi said, pointing to the chicken leg on the plate with politeness.

at the same time.

In the office of Mingfan Technology in Shanghai, a flurry of activity was underway.

Song Qing's R&D team and Huang Haitang's testing team had already finished lunch and returned, and were working intensively to prepare for the launch of the [Soul Matching] mode.

Yang Mingxia's team is also busy, reconfirming the publication details with reporters from various news media outlets.

According to the plan, Momo's [Soul Matching] feature will be launched simultaneously with the start of Renren's press conference, and the press release will be distributed across the entire network during the press conference.

While getting water, Yang Mingxia sent a message to Zheng Yuxi, who was at the Renren.com press conference at the National Aquatics Center in Beijing.

[Yang Mingxia]: "Yu Xi, how are the preparations for your press conference going?"

[Zheng Yuxi]: "I'm already inside. The press conference venue is super grand! And there are so many seats, at least twice as many people as the Momo press conference! Let me take some pictures for you."

[Yang Mingxia]: "Okay. Just don't get so excited that you forget about the important matter!"

[Zheng Yuxi]: "Are you kidding me?! I, Zheng Yuxi, made my fortune this way! Don't worry!"

Ten minutes later, the table was cleared, and the five people returned to their negotiation.

"Renren.com is coming on strong, how do you plan to deal with it?" Shen Nanpeng asked.

Geng Zhi gestured for Tang Yan to speak.

Tang Yan understood and began to analyze seriously: "President Shen, Renren.com has its advantages in funding and social relationships, that's undeniable. But Renren.com's advantage only exists in social networking among acquaintances; social networking with strangers and offline social networking are Momo's strengths."

"But Mr. Tang just said that the main features of the 'Private App' are real stranger social networking, real-name social networking, and safe social networking. Doesn't that perfectly exploit the weaknesses of Momo [hookup app]?" Yang Dong asked.

Tang Yan laughed directly: "President Yang, authenticity and strangers are inherently contradictory!"

He paused, then added, "That's why I say Renren.com completely misunderstands location-based social networking with strangers, doesn't understand user needs, and is a complete amateur. They're trying to compete with us in the field of stranger social networking using the logic of familiar social networking, and they're bound to lose."

When introducing the competition between Renren.com and Jinshajiang Venture Capital, Geng Zhi tried to portray Renren.com as a paper tiger to boost Zhu Xiaohu's confidence and determination to invest in Weiju's Series B round.

However, Tang Yan's straightforward approach to Sequoia Capital was to acknowledge, and even exaggerate, Renren's strong financial resources and powerful social network, while simultaneously highlighting his own strength and professionalism to gain Sequoia's trust.

However, Tang Yan cannot confirm whether Momo is truly stronger. Similarly, Shen Nanpeng and Yang Dong cannot disprove it either; they can only judge once the actual data is available.

"What if Renren uses Momo's hookup/casualty attributes to create public opinion and deal a major blow to Momo?"

Yang Dong pressed for more information.

"So, Momo is going to launch a new feature that no longer relies on LBS logic, but is based on a new social model of [soul matching], to wash away the [hookup] label and attract users who value soul-based social interaction," Tang Yan replied with a smile.

Tang Yan then gave Shen and Yang a detailed explanation of the [Soul Matching] model, which is based on interests and feelings.

The core of [Soul Matching] is [Interest Graph + Anonymous Matching]: it doesn't consider appearance, distance, or identity labels, but only interests, personality, and values.

Tang Yan spoke with great enthusiasm and became increasingly excited, but Shen Nanpeng and Yang Dong, who were listening in, frowned more and more deeply.

After Tang Yan finished speaking, Yang Dong finally couldn't hold back any longer and shook his head repeatedly: "President Tang, your logic is flawed, very flawed!"

"Why?" Tang Yan asked.

Yang Dong was a little excited. He leaned forward slightly and began to analyze: "First of all, in terms of product logic, LBS-based and mind-based approaches are inherently conflicting."

"Secondly, in terms of user mindset, are you trying to get users to find [people nearby] or [soulmates]? It's a real mixed bag!"

"Furthermore, if you add a 'soul matching' feature to a hookup app, the latter won't weaken the former; instead, it will further divide the platform's positioning and completely fail to achieve the desired whitewashing effect!"

"President Tang, your product logic is seriously flawed!" Yang Dong then turned to Geng Zhi, "President Geng, your product logic is seriously flawed!"

"That's true. Your [Soul Matching] mode is fine, but it has big problems when placed within Momo," Shen Nanpeng chimed in. "You should develop the [Soul Matching] mode into a separate app."

Tang Yan and Geng Zhi exchanged a smile, then Tang Yan explained, "President Shen, we need to leverage Momo for traffic generation—"

"No, no!" Yang Dong stood up abruptly, interrupting Tang Yan. "I've worked on products before, and I understand perfectly well that two contradictory functions cannot be combined."

Yang Dong then gave an example: "For instance, Alipay is a very serious payment product. Even if Alibaba wants to attract users, it can't do social networking with strangers on Alipay, right?"

Geng Zhi was taken aback, thinking: Yang Zong is much more clear-headed than those executives at Alipay! Ant Financial really dares to do this!

He gave Shen Nanpeng and Yang Dong a thumbs up: "Senior Shen and President Yang's analysis is absolutely correct. We do indeed need to develop an independent app, but not right now."

""

"Why?" Yang Dong asked, puzzled.

"Because we still need a hot start, just like when Momo launched its product at its press conference. We want to achieve instant fame and make [Soul Matching] a silver spoon in its mouth from the moment it's born," Geng Zhi explained with a smile.

"Then you can just use Momo to attract traffic, right? There's no need to put them together, is there?" Yang Dong still disagreed.

Having started his own business and invested in products that failed due to confusing positioning and bloated features, he has a deep understanding of the pain points of such unfocused products.

"Don't worry, Mr. Yang. When it comes to marketing, Mingfan Technology is a professional. We just want to use the contradiction between these two things to create momentum."

Geng Zhi turned to look at Lü Siyu: "Siyu, has the [Lingxi] feature been launched yet?"

"Yes, I went online 10 minutes ago," Lu Siyu said, handing her phone to Geng Zhi.

Geng Zhi began demonstrating to Yang Dong and Shen Nanpeng: "President Yang, Senior Shen, our plan is this: initially, we'll open an entrance called [Lingxi] ————"

He straightforwardly explained the marketing strategy to the two of them.

Lu Siyu, who had been watching Renren's live stream closely, interrupted Geng Zhi: "Boss, Renren's live stream is about to enter the Q&A session, should we—take a look first?"

"Oh right!" Yang Dong, who was engrossed in listening, suddenly realized, "I'll project it now, let's watch it together!"

As Yang Dong spoke, he turned on his computer and started streaming the press conference live.

The National Aquatics Center (Water Cube), the venue for Renren.com's press conference, was packed with nearly 3000 people.

Everything at the press conference proceeded smoothly according to Chen Yizhou's plan.

Chen Yizhou himself gave a passionate speech, first introducing the rapid development of Renren.com.

Chen Yizhou then introduced the [Private App], detailing its core functions: [Real-name Authentication], [Nearby Acquaintances], etc.

[Interest Groups], [Anonymous Secrets] —

Chen Yizhou spoke eloquently, introducing several core functions similar to Momo, and also emphasizing the [Private App].

Personalized features.

"User security is always our top priority for [Private App], so all our products must pass Renren.com's real-name authentication."

"We will not become a breeding ground for casual sex like some products —"

"Our [Anonymous Secret] feature is an anonymous social network based on Renren.com's real relationship chain. The anonymous secrets you receive will definitely come from your acquaintances, but they are anonymous —"

Chen Yizhou spoke passionately on stage, receiving continuous applause from employees and audience members, while media reporters snapped photos like crazy.

The climax came when Han Geng, JJ Lin, and Yang Mi took the stage in turn, interacting with the audience and eliciting screams.

After the press conference, Renren.com, known for its authenticity and confidence, added a Q&A session.

CEO Chen Yizhou took the initiative to randomly select questions from online netizens, followed by questions from media reporters at the press conference.

Reporter A (pre-selected): "Mr. Chen, what are your thoughts on the competition with the Momo app? Do you think Momo's first-mover advantage has a significant impact on Private App?"

Chen Yizhou: "From the very first day of product development, we have prioritized user experience and security. We will not—we firmly believe that in the near future, our private app will become the largest in China—"

Reporter B (pre-selected): "President Chen—"

Chen Yizhou: "We—"

The questions and answers with the pre-selected reporter went smoothly, and everything went well.

Chen Yizhou was very happy and excited, and decided to call on two more reporters to ask questions.

He scanned the room and spotted a young man holding a CCTV microphone who was excitedly raising his hand. He smiled knowingly and pointed at him without hesitation.

The quality of CCTV reporters is beyond question.

Zheng Yuxi stood up, looked at Chen Yizhou with an almost worshipful gaze, and said in a loud voice, "Hello, Mr. Chen, I am Zheng Yuxi, a reporter from CCTV. After listening to your introduction, I think that the integration of [Private APP] with Renren.com's real-name system has indeed solved the security problem of social networking with strangers, because the other party has a real identity to back it up, and users don't have to worry about being harassed."

Chen Yizhou smiled slightly and nodded: "Thank you. This is exactly our original intention in creating [Private]. Some products on the market use a purely anonymous model, which easily breeds harassment and fraud. What Private aims to do is—to allow users to make friends with peace of mind."

Zheng Yuxi then changed the subject: "But I have a question. You said that privacy is for social interaction with strangers, but after implementing real-name registration, won't users feel that every message they send could be seen by people they know, making them hesitant to speak the truth? Isn't the charm of social interaction with strangers precisely because of anonymity, allowing them to express themselves without pressure?"

Some people in the audience were whispering among themselves.

Chen Yizhou's smile remained unchanged, but his eyes narrowed slightly.

He calmly responded, "That's a very good question. Privacy isn't about complete anonymity, it's about controlled anonymity. When you publish an anonymous secret, only people you might know can see it, but nobody knows it was you who published it."

"You can express whatever you want without any pressure because no one will know it's you. At the same time, if someone harasses you, we can trace them back to their real name to protect your safety."

The host noticed something amiss and gave Chen Yizhou a look, suggesting that he might stop asking questions.

But Chen Yizhou didn't notice and kept looking at the young CCTV reporter in front of him.

Zheng Yuxi nodded and continued to press, "Then, Mr. Chen, why not go even further? Let's make it completely unrelated to distance, just pure soul communication—not looking at faces, not looking at positions, not looking at status, just matching based on interests and personalities? Like—the soul matching that Geng Zhi did before, [Jiaotong University Matchmaker], was pretty good."

""

Chen Yizhou was visibly taken aback.

He didn't expect the reporter to mention "[Jiaotong University Matchmaker]", especially in a positive light.

"Mr. Chen, you've already given us two questions. This is the last one," the host said with a smile.

Chen Yizhou nodded and continued calmly, "[Jiaotong University Matchmaker] is a dating website, which is not the same as mobile social networking. A location-based product, a product based on social relationships, cannot achieve true connection through shared experiences. And..."

He smiled and said, "That kind of pure soul matching sounds beautiful, but what users really need are people they can see and touch, not ethereal souls."

This statement immediately drew criticism from many people both online and at the scene.

"What utter nonsense! How can the soul be so ethereal and intangible?"

"What does 'visible and tangible' mean? Why touch it?"

"I want soul-to-soul social interaction!"

When the host saw that Chen Yizhou had made a slip of the tongue, he quickly prepared to end the Q&A session of the press conference.

The assistants in the audience also took away Zheng Yuxi's microphone.

Zheng Yuxi suddenly looked surprised and exclaimed, "President Chen! I just received a message from a colleague saying that NetEase's front-page news says that Momo APP has just launched a new feature called [Lingxi]! It claims to be a pure soul-based social networking platform, saying that while a pretty face is a dime a dozen, a truly interesting soul is one in a million!"

Chen Yizhou's expression froze instantly.

He had already realized that the CCTV reporter he valued most was an undercover agent!

But it was too late. He could only rely on his strong self-control to ensure that his expression remained natural, with a smile on his face, and that he did not lose his composure.

There was a noticeable commotion in the audience, who were already critical of Chen Yizhou's earlier remarks that disdained the concept of "soul."

Now we've heard news about the Momo app, and they've just launched the [Lingxi] feature, which has instantly sparked a lot of discussion.

"Yes! Momo's announcement of [Lingxi] really made it to the top of Weibo's headlines!"

"On my end, Sohu News is also showing it as the front page."

"Purely soul-based matching, regardless of appearance or location, based solely on interests and values ​​—"

Seeing that the situation was out of control, the host immediately announced the end of the press conference.

News related to being straightforward naturally generates a lot of buzz, and a lot of buzz at that.

Add Renren.com, and it's a massive upgrade.

With Zheng Yuxi disrupting things, many reporters at the press conference, who were always looking for a good show, changed their prepared headlines.

The original titles were something like: "Renren.com Launches [Private] Feature, a Slash at Momo," and "Renren.com Enters the Fray, Will the Strangers Market Undergo a Major Reshuffle?"

The new headlines are similar to: "Renren.com Press Conference Turns into 'Momo Promotion Conference'? Reporter Announces Lingxi Launch on the Spot," and "Renren.com Press Conference: Chen Yizhou Attempts to Suppress Momo, But is Outmaneuvered by His Straightforwardness."

In the Sequoia Capital office.

-

Shen Nanpeng and Yang Dong looked at the marketing genius in front of them in astonishment.

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