Huayu: We're asking you to act, and you're playing a superhuman?

Chapter 50 Additional Investment and Risk Control

"Sell it!"

Chen Kai stared blankly as he took the water from Wang Weili, never expecting that all he had gotten after traveling all the way from Shanghai to Jinyun was just these three words.

He couldn't accept it: "Didn't you say there were other ways to raise funds?"

Wang Weili took a sip of water to moisten his throat in preparation for his long speech.

"After I called you, I calculated that the chances of success were less than 10%. Rather than taking this risk, we should sell the company so that everyone can successfully get out of trouble."

"No, that's not how it is."

Chen Kai shook his head, unwilling to accept this fact.

Wang Weili explained, "Ali chose Kuaidi over us mainly because Kuaidi was cheaper. The advantage we gained in the early stages could be wiped out in two months with the help of Alipay's traffic. Their willingness to acquire us may also be because they want to get rid of Kuaidi and develop their own business."

"We can still try."

"This isn't a matter of effort or not, but a difference in scale... If we consider the possibility of a broken cash flow, after our company closes down, Kuaidi Dache could take over our users in just two weeks."

"What if we approached Tencent for investment?"

Based on the business advice given by Wang Weili in the early stages, Chen Kai found a company that could compete with Ali.

Wang Weili shook his head: "Tencent hasn't launched mobile payment yet. Even if they have the demand, they'll wait until the market is clear before investing in leading companies. We can't hold out until then."

"There are other venture capital firms..."

"There's no time left. By the time the other venture capitalists have finished their due diligence, we'll be dead."

Chen Kai looked at Wang Weili with sweat beading on his forehead, his lips pale and trembling, unwilling to accept this reality.

Wang Weili advised, "Starting a business is inherently risky, with a high chance of failure. The founder of Meituan also experienced many failures before. It's already very good that someone has acquired your company."

"I don't want it to end like this... Can you continue to invest in us?"

Chen Kai clung to Wang Weili as if grasping at a lifeline.

Wang Weili glanced at him, neither refusing nor agreeing, but instead asked a question.

"Why would I give up readily available profits to continue investing in venture capital?"

"As long as the company can successfully go public..."

"Don't say things like that! No company is guaranteed to go public; risk control is the most crucial thing."

Ride-hailing is a good business, but it also means fierce competition.

In Wang Weili's memory, the ride-hailing company that survived to the end was not the brand founded by Chen Kai.

He was willing to invest simply to see what the other party was capable of.

Based on the current results, Chen Kai is still far from achieving his goal.

Chen Kai sat silently in his seat, head bowed: "What if I insist on seeking investment from other companies?"

"In that case, the chance of success is down to 1%."

"1%...wait a minute!"

Chen Kai suddenly looked up and stared at Wang Weili: "What did you mean by less than 10%?"

"I started working on a plan yesterday, but I rejected it."

Why?

"Because the core of this plan lies with me, I would rather monetize the investment than work together on something like this."

Wang Weili's frankness suffocated and angered Chen Kai.

"Even if you're unwilling to put in the effort, couldn't you at least tell me about the details of the plan?"

"Sure, it won't take much time anyway."

Wang Weili went to get another sip of water.

Although Chen Kai kept his eyes on him, he was somewhat skeptical of the so-called plan.

There is no reason why Wang Weili, as an investor, would know more about the company than he, the founder and manager.

Wang Weili put down his water glass and, without any preamble, his first words were the answer.

"My proposed solution is to turn the tables: first, stall Ali (Ali), making them believe there's hope for an acquisition, thus delaying the time it takes for Kuaidi Dache to secure investment; then, I'll personally invest in the company, doubling the user base in a short period!"

"How could it possibly double?"

Chen Kai couldn't help but interrupt, mainly because Wang Weili's claim of doubling the number of users in a short period of time was too flawed.

Wang Weili suddenly asked with great interest, "What's our company called?"

"Quick Didi Chuxing, isn't that the name you came up with?"

"It's very similar to the Kuaidi taxis in Hangzhou, isn't it? If we can acquire their users, our user base could grow by about 60%..."

How do we acquire more users on Kuaishou?

Chen Kai interrupted again, his heart filled with both doubt and anticipation.

Wang Weili shrugged: "Just burn money. Subsidize 5 yuan per order. If you invest 50 yuan, you can subsidize 10 orders and directly capture all the ride-hailing drivers in the Hangzhou area. It can also attract other drivers and users."

"But how do we promote and expand this?"

"I've thought that through too; we'll discuss the details later. The important thing is, after we double the user base, I need you to take the user data and the acquisition agreement for Ali to Shenzhen!"

"Didn't you say that Tencent hasn't launched mobile payment yet and wouldn't rush into the market?"

Wang Weili shook his head, his attitude very firm.

"If we can capture the ride-hailing market in the Yangtze River Delta region, we will be number one in the country. Tencent will not rush into the market, but will bet on certainty! Even without Tencent, with this track record and Ali's endorsement, venture capital firms will open fast track for us."

"Then let's do it that way!"

"There's one last step. While you're in Shenzhen, I'll go to the China Private Enterprise Summit to find Ma Yun, tell him about the company's situation, and let him make another choice."

"Let Ahri and the penguins check and balance each other..."

Chen Kai revealed what Wang Weili meant.

He carefully considered the plan Wang Weili proposed and found that it was indeed feasible, but it also had many flaws.

"How are you going to find Ma Yun? And why should he listen to you?"

"You don't need to worry about that. If you want to find it, I'm sure I can."

"Then let's do it this way!"

"Going back to the beginning, why should I forgo a guaranteed return and choose to continue investing? And in what capacity should I approach my conversation with Ma Yun?"

Wang Weili stared intently at Chen Kai, wanting to gauge his resolve and the price he was willing to offer.

Chen Kai paused for a moment, then began to seriously consider Wang Weili's words.

His most valuable asset right now is his company stock, but as long as Wang Weili continues to invest, his stock holdings will naturally increase, unless…

Chen Kai looked at Wang Weili and suddenly grasped another key point in his last sentence.

"If I invite you to become the company's Chief Strategy Officer, would you be able to represent the company in discussions with Ma Yun?"

"Okay, but why should I do that?"

"When you invested last time, the company set aside 20% of its shares as an option pool to reward employees. If your plan is successful, you will of course also receive options."

"Reasonable."

Wang Weili nodded, but was not satisfied with that.

"My position and stock options are what I earned through my work. Now I need to set up a risk control system for the additional investment. Based on an 8000 million valuation, I can continue to invest an additional 400 million. In addition to the 5% preferred stock, I need to add one more condition."

"What are the conditions?"

"If you and I fail, and Ali, Penguin, and other venture capitalists have no intention of continuing to invest, I will have the right to sell the company. The proceeds from the sale will be used to compensate my investment first, with a maximum return on investment of 700%. In other words, including the previous investments, I have invested a total of 600 million. No matter how much the company sells for in the future, I will take 4800 million in advance. The rest is yours. If it doesn't sell for that much, I won't need you to compensate me."

"clear……"

Chen Kai sat silently in his seat, knowing that if he agreed to this condition, he might end up with nothing when the company was sold in the future.

He thought for a long time before giving his answer.

"No problem! Your request is reasonable. Now I'd like to know how you plan to promote this subsidy?"

Wang Weili got up, went over to open the door of the van, and called out, "Sister Mi, come here for a second."

To Chen Kai's astonishment, the famous actress Yang Mi was called into the car by Wang Weili.

Wang Weili looked at Yang Mi and asked, "Sister Mi, you told me yesterday that you would be going to Hangzhou this week for an event. What's the exact date?"

"Number 23..."

"The timing is about right, you should have an offline fan meeting, right?"

"Yes, what do you want to do?"

Yang Mi clutched her chest and backed away, staring at Wang Weili warily.

This move is ridiculous; Wang Weili is clearly more interested in her fame and fans than her body.

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