Reborn in 08, Public Enemy of Competitors

"It's a call from Jingdong."

Zhong Xue put down the receiver and turned to look at Shen Mo: "Liu Qiangdong wants to invite you to Beijing to discuss cooperation in person."

Dongzi...

Shen Mo clicked his tongue. "Reply to them that we're leaving the day after tomorrow."

Zhong Xue nodded and made a note in her memo.

Lu Wenbin leaned over and said, "Brother Mo, Jingdong must have seen the sales report from Ouku.com for Singles' Day and is now in a panic."

Qin Feng nodded in agreement: "That's right! Ouku.com usually sells 300,000 to 400,000 units a day, but on Singles' Day, that number increased more than tenfold. At this rate, how can Jingdong not be worried?"

"It's not that simple."

Shen Mo shook his head.

After the subprime mortgage crisis broke out, JINGDON's valuation plummeted from $200 million to $40-50 million, and investors all withdrew.

Besides lacking money, Liu Qiangdong also lacks a story that can boost confidence in the capital market.

Partnering with YiTaoGO and launching a successful campaign similar to Singles' Day is the best story to tell.

Zhong Xue adjusted her glasses. "Boss, I've heard that Jingdong's cash flow is very tight. If we cooperate with them now, and Jingdong really goes bankrupt, will we still be able to collect the accounts receivable?"

"The fact that Liu Qiangdong is seeking cooperation with us at this time suggests that he has already overcome the hurdle of financing."

Shen Mo touched his chin.

Although Jingdong's previous venture into food delivery was a flop, Liu Qiangdong is now at his peak.

Yuan Hua was the first to speak: "Even if there are risks involved in cooperating with Jingdong, I think it's worth taking."

Qin Feng chimed in, "That's right. In the 3C digital sector, although we already have Ouku.com, it's too small. It can't compare to Jingdong at all, not to mention that Jingdong also has a large home appliance category."

Shen Mo said, "Since Liu Qiangdong has extended this invitation so sincerely, we should give him the courtesy. We can take this opportunity to meet with venture capital firms like Today Capital and IDG to pave the way for YiTao GO's Series A funding."

"Series A funding!?"

Everyone looked at each other.

Shen Mo nodded. Startups are not only concerned with how much money comes in and goes, but more importantly, how much money is left in the account.

Don't be fooled by YiTaoGO's impressive Double Eleven sales report; the commissions paid to brands are still accounts receivable and haven't been settled yet!

If YiTaoGO wants to move faster and continue its Double Twelve and Christmas promotions, it needs to have plenty of resources.

Thinking of this, he raised his voice a few decibels: "Once the Series A funding is secured, everyone who has been with me since day one will receive stock options with an exercise price of one cent."

What are options?

Xu Kun scratched his head.

Most of the people in the room were clearly unfamiliar with this word.

Lu Wenbin explained, "Simply put, it's like a check that can be cashed in the future. When YiTao GO goes public or starts a buyback program, these options can be converted into cash..."

"So, you mean it can be exchanged for money?"

Wang Yun'an's eyes lit up.

"It's money, and it could be a lot of money."

Lu Wenbin added a sentence.

As soon as he finished speaking, a cheer erupted in the room.

………………

Night fell. Registration for the inaugural Cybernaut Cup College Student Entrepreneurship Competition finally closed.

The scale far exceeded expectations, involving 156 universities in 22 provinces across the country, and 824 projects.

The review panel, composed of venture capital firms, corporate executives, and university professors, conducts a written review of all project proposals.

Chen Weixing, the founder of Kuaidi Dache (a ride-hailing service), is now the secretary-general of the Zhejiang University Youth Entrepreneurs Club and is honored to be a member of the judging panel.

At that moment, he was looking at his computer, watching the lively discussion about YiTao GO in a group chat temporarily formed by the judges.

What's the deal with this EasyTaoGO?

Why was YiTaoGO able to pass the preliminary selection?

"Although it doesn't make sense, YiTaoGO was founded by Shen Mo, a third-year student at Zhejiang University of Science and Technology, which meets the application requirements."

"Even if it meets the criteria, isn't this going a bit too far?"

"Yes, not to mention that it has already been invested in by Tencent, just look at this Singles' Day, its single-day sales were almost 40 million. Among these 800-plus projects, is there one that can compare to YiTao GO?"

"It's like putting a wolf among sheep, or a shark into a pond—what's the point of a competition? Just declare them champions already!"

"..."

The group was abuzz with discussion, especially among university professors, who expressed the strongest opinions, saying that Zhejiang University of Science and Technology lacked martial ethics!

Using YiTaoGO to bully college students who are starting their own businesses!

As for whether Shen Mo is a college student, that's none of your business!

Huang Zheng, also a judge, sat in front of his computer, looking at the discussions in the judges' group, feeling a mix of emotions and deep turmoil.

Ouku.com just experienced a surge in sales during the Double Eleven shopping festival, with a significant increase in both user numbers and order volume.

However, this improvement is insignificant compared to Jingdong, especially since Ouku.com doesn't have the same logistics as Jingdong.

Unless Jingdong's funding chain truly breaks down, Ouku.com will forever remain subordinate to Jingdong, with no chance of ever rising above it.

Shen Mo was right!

The 3C digital product market is incredibly crowded!

Since the boat is small and easy to turn around, should we change tracks?

Lost in thought, the office door was suddenly pushed open, and the assistant rushed in, pale-faced.

"Mr. Huang, something terrible has happened!"

Rumors are circulating in the industry that Jingdong has secured funding!

"What did you say?!"

Huang Zheng's heart skipped a beat, and he abruptly stood up.

………………

The next day, in Yanjing.

Shen Mo, Zhong Xue, Lin Qingyan and their group arrived at Jingdong headquarters on time.

Liu Qiangdong and Xu Xin stood at the door, lined up to greet them with great enthusiasm.

Liu Qiangdong looked thinner than in the photos, and a tuft of white hair stood out, but the sharpness in his eyes was still there.

"Haha, Mr. Shen, I've heard so much about you!"

"I've wanted to meet you for a long time, but I've never had the chance."

"Mr. Liu, it's a pleasure to meet you, a veteran in the e-commerce industry."

Shen Mo held his hand, neither humble nor arrogant.

Liu Qiangdong stepped aside and introduced, "This is Ms. Xu Xin, CEO of Today Capital. She values ​​your YiTao GO very much."

"Mr. Xu."

Shen Mo shook hands with Xu Xin.

After exchanging a few pleasantries, the group headed towards the conference room.

As Xu Xin walked, she said, "President Shen, YiTao GO really stole the show this Singles' Day, exceeding everyone's expectations."

Shen Mo politely replied, "Not at all, our Double Eleven shopping festival was actually inspired by Jingdong's 618 event."

Xu Xin looked him up and down. "President Shen is far too modest."

Shen Mo waved his hand, "It's just a little trick, nothing compared to Jingdong. Jingdong was the first e-commerce company in China to get financing since the financial crisis, which gave the entire industry a boost."

"Hahaha!"

Liu Qiangdong laughed heartily, "President Shen, you flatter me. I must toast you a few times during dinner later."

Shen Mo chuckled and said, "According to your theory, Dongzi, we should only be considered strangers now."

What is a passerby?

They are neither my friend, nor my brother, nor my enemy; they are not on the same path, nor are they family.