The Peninsula chaebol started by rescuing Samsung's little princess.

Chapter 86 The School Network at a Dead End

"If you don't agree, I'll just throw this money at 5Q.com for promotion, and then you won't have a choice!"

"No matter what, I will not give up on Renren.com!"

Enraged, Wang Xing slammed the door and stormed out. Even after he walked out of the Oak Group building, the echo of his conversation with Oak Group CEO Chen Yizhou still resonated in his ears.

But after the anger subsided, Wang Xing, having regained his senses, couldn't help but sigh:

He spoke very confidently, but the matter was actually very difficult to handle!

The current Xiaonei.com is Wang Xing's third entrepreneurial venture.

As early as 2004, he had already founded the "Duoduoyou" dating website and the "Youzitu" website targeting overseas students.

Paid website.

To be honest, the ideas behind these two websites were quite good, but unfortunately, he lacked experience in promotion and operation, which led to slow user growth and ultimately caused both websites to go out of business.

Having learned from his mistakes, Wang Xing recreated Renren.com at the end of last year.

He copied Facebook from the US and precisely targeted students as his audience, and this time he finally succeeded.

Within just three months, the website attracted 3 users, and in less than six months, the number of users exceeded 50.

However, the surge in the number of users brought economic pressure, especially the cost of upgrading servers and bandwidth, which caused Wang Xing great distress.

Although the main star is a rich second-generation, the money his father gave him had already been exhausted in his first two business ventures.

At this extremely difficult moment, Chen Yizhou, the CEO of Qianxiang Group, approached Wang Xing and offered 1000 million yuan to acquire Xiaonei.com.

This made Wang Xing taste the bitterness of kicking someone when they're down.

Wang Xing was naturally unwilling, but reality made it difficult for him to maintain the status quo.

With his cash flow nearly cut off, he was like a headless fly, frantically seeking loans from investment institutions, but to no avail.

Even Sequoia Capital, which had initially expressed interest, extended an invitation to him. He personally visited them to present his business plan, but was persuaded by Zhou Hongyi, who came over for a visit, to switch to Zhanzuo.com, a similar platform, saying that the chances of a return were greater.

Surprisingly, the investment manager at Sequoia Capital agreed!

Thus, with nowhere else to turn, Wang Xing had no choice but to approach Chen Yizhou again, hoping to change the acquisition into an investment.

Unfortunately, Chen Zhouyi not only disagreed, but also directly threatened him:

If he doesn't sell Renren.com to him, he'll use the money on 5Q.com to destroy Renren.com.

Once again, the meeting ended badly, and Wang Xing angrily took a taxi back to his company and home.

This is a three-bedroom, one-living room room of over 100 square meters, but it is crammed with 13 people, including Wang Xing.

As soon as Wang Xing opened the door, he saw that everyone's eyes were focused on him, and the anticipation in their eyes was almost overflowing.

But when they saw Wang Xing's dejected expression, everyone almost instantly understood: it was still hopeless this time!

"If all else fails, let's just sell it!"

Among them, a man named Lai Binqiang stood up and spoke for everyone.

"Qiangzi, what did you say?"

Another person named Wang Huiwen quickly spoke up to stop it.

These two are the co-founders of Xiaonei.com, and they, along with Wang Xing, were the three earliest employees and owners of Xiaonei.com.

"We're owing more and more money, we can't even pay the rent, let alone the servers. How are we going to keep going?"

"If you give up now, then you're truly doomed!"

"Then what do you suggest we do?"

For a time, the two were arguing fiercely, while the others in the room, watching the arguing bosses, also felt a mix of emotions.

Now that their wages have long been in arrears, all that can keep them going is their dreams!

"You two, come with me!"

Fortunately, Wang Xing stopped the two from arguing in time. Then he said to a girl who came to their side, "Wan Huai, can you help calm everyone down and let them go home?"

"Okay, don't worry!"

The girl gave Wang Xing a reassuring look.

Her name is Guo Wanhuai, she is the fifth employee of Renren.com, and now she is Wang Xing's girlfriend.

And so, Wang Xing led the two of them out of the residential building and down to a barbecue restaurant.

"Thirty skewers of grilled meat, thirty skewers of grilled tendon, thirty skewers of beef tripe — and a case of Yanjing beer!"

After skillfully ordering, Wang Xing handed the menu to the other two and asked, "Is there anything else you'd like?"

At this point, the two, exhausted from arguing, fell silent.

"That's all!"

I handed the menu to the waiter, and soon the beer was served.

Wang Xing bit open the three bottles with his teeth, took one for each person, and said, "Thank you for trusting me and starting a business with me! You are all my good brothers!"

I still remember the scene that night when we sneaked into the university study room to write slogans!

Qiangzi, I heard you almost got arrested by the security guards at Renmin University?

"Bullshit! That's Huiwen spreading rumors about me! He's at Peking University, how could he possibly know anything about me?"

Lai Binqiang retorted.

"Can't I have friends at Renmin University?"

Wang Huiwen was not to be outdone.

"Alright, no matter what, we've come this far today, so we've already succeeded halfway!"

Everything should have a beginning and an end. Now that everyone is at their breaking point, it's time for a good outcome!

Upon hearing Wang Xing's words, the other two understood what Wang Xing had planned, and their eyes reddened.

"I'll try my best to sell Renren.com for a high price. Come on, let's do it!"

As he spoke, Wang Xing raised his bottle. The other two exchanged a glance, hesitated for a moment, and then also raised their bottles.

The night in Beijing is still bustling.

Guo Wanhuai came out of the residential building and ran while making phone calls, but no one answered.

However, she already knew their habits, so she ran all the way to the barbecue restaurant.

Sure enough, when she opened the door, she saw three grown men hugging each other and crying their eyes out.

"I'm so sorry—"

"Old Wang, you're a fucking coward!"

"This has nothing to do with Lao Wang, it's all my fault, all my fault!"

Seeing the three men's embarrassing state and the surprised looks from the other customers in the store, Guo Wanhuai really didn't want to admit that he knew them.

But with something really urgent at hand, she couldn't worry about anything else and could only cover her face as she walked over.

"Hey, Wang Xing!"

Guo Wanhuai stepped forward and tugged at Wang Xing's arm.

"Hey? Beautiful lady, want a drink? *burp*"

"A beautiful woman? Where is she? I don't see her."

"Are you blind? But, beautiful, you look vaguely familiar."

Guo Wanhuai, barely suppressing the surging internal energy within his meridians, patiently said, "I just received a call; someone wants to invest in us!"

"Invest? Invest in what? We've already sold the company!"

Seeing the three utterly hopeless cases, Guo Wanhuai finally couldn't hold back any longer and rained down punches on them, yelling, "You three idiots, wake up! There's investment coming in!"

After Guo Wanhuai unleashed a barrage of Pegasus Meteor Fists, the three finally regained some of their senses.

Wang Xing covered his face and asked, "Which company is it?"

"It's called Mercury Investment, a company from the peninsula!"

Upon hearing this, Lai Binqiang posed a profound question: "There are internet companies on the Korean Peninsula?"