Huayu: We're asking you to act, and you're playing a superhuman?
Chapter 53 Securing Series A Funding
Watching the crowd queuing to board disappear.
Chen Kai clutched his boarding pass, thinking: I'm already at the very end of the line. If I don't get on now, they'll have to make an announcement looking for people soon...
Just as he sighed, got up, picked up his heavy briefcase, walked to the boarding gate, and handed over his boarding pass, his cell phone suddenly rang in his pocket.
Chen Kai was taken aback and quickly took out his phone to check: "Excuse me, I need to take this call."
"Remember to turn off your phone after boarding."
The flight attendant returned the boarding pass to Chen Kai and gestured to him with her eyes to hurry up.
However, Chen Kai's attention was entirely focused on the caller ID on his phone: Wang Weili.
He didn't go to get his boarding pass; instead, he turned around and answered the phone: "Hello, how's the situation?"
"I've already spoken with Mr. Ma. We're heading to Ali's headquarters now. You can come along too."
"So we don't need to go to Shenzhen?"
"Mr. Ma said he would personally participate in our financing."
Chen Kai stared wide-eyed in disbelief.
In his view, although Fast Taxi has the potential to grow and become stronger in the future, it is still a startup company at present, and this round of negotiations is only for Series A financing.
At this level, a VP could handle it. How could Ma Yun, as the person in charge of Ali, possibly pay attention to such trivial details?
The only explanation is that Wang Weili did indeed play a significant role in this negotiation with Ma Yun.
Chen Kai didn't have time to think about the specifics; the important thing now was to hurry up and meet with Ah Li and Ma Yun!
He turned around, took the boarding pass from the flight attendant, and walked straight in the opposite direction of the boarding gate.
The flight attendant asked twice from behind, and seeing that Chen Kai showed no sign of stopping, turned around and closed the boarding gate.
……
Meanwhile, at Kuaidi Dache, a ride-hailing company headquartered in Hangzhou, founder Chen Weixing and CEO Lü Chuanwei were pacing anxiously in their office like ants on a hot plate.
Starting on the evening of the 23rd, Chen Weixing and Lü Chuanwei discovered that a large number of drivers registered on their company's app were leaving the company.
That evening, they went straight back to the company to investigate the reason and learned that Didi Chuxing was burning money to grab users and market share.
This situation made Chen Weixing furious and cursing in his office, but he was helpless.
Just as Wang Weili predicted, the fact that Hangzhou Kuaidi Dache is seeking new financing proves that their cash flow is also running out.
Burning money to seize users and market share is the most unsolvable business strategy. If competitors don't follow suit, they can only watch their market share be gradually swallowed up.
Chen Weixing and Lü Chuanwei were unwilling to sit idly by and wait for their demise. Starting on the night of the 23rd, they split into two groups: one focused on desperately retaining users, while the other urged the progress of fundraising.
Three days have passed, and they have lost 60% of their users, with no sign of securing funding.
Chen Weixing stared at Lü Chuanwei with his bloodshot eyes.
"What did Ahri say? Are they willing to invest in us or not? Give us a straight answer!"
"They're still hesitating..."
Lu Chuanwei looked at Chen Weixing with a furrowed brow. Although he was equally anxious, he still maintained a certain composure.
Chen Weixing cursed, "What are you hesitating for? If we hesitate any longer, we'll be dead!"
"They hesitated because we were about to die."
Lu Chuanwei's quiet reply, though seemingly casual, resonated like a resounding bronze bell in the office, instantly calming the irritable Chen Weixing.
After a moment of stunned silence, Chen Weixing's face showed a hint of lingering fear: "Didn't they promise to invest in us? What does this mean now?"
"If I really wanted to invest, I would have done it already. Why keep putting it off?"
"If we let those Shanghainese guys take over the Hangzhou market, Ali won't be able to acquire them again for this price!!"
"Investing is fine in that case. Anyway, Ali just wants to make money. They don't care which company to invest in."
"grass!"
Chen Weixing scratched his head, cursing and swearing, repeatedly using words like "Shanghai Express" and "Chen Kai the villain."
Lu Chuanwei looked somewhat dejected; clearly, he hadn't expected that his entrepreneurial venture, which involved returning from a major overseas company to start his own business, would be defeated by a group of college students.
The main reason is that they timed this window of opportunity extremely well...
From the very beginning, Didi Chuxing in Shanghai was in a state of near financial collapse, and Chen Weixing and he didn't take these students seriously.
Ali wanted to choose one of the two options. In fact, they also wanted to quickly acquire the other party's users and market share after Didi's demise in Shanghai, thereby increasing their own valuation.
Both sides had their own agendas, which delayed the original financing plan.
Then, Kuaidi somehow obtained a new round of funding and launched a celebrity publicity campaign, directly turning the tables on them.
Tsk tsk, they capsized in the gutter.
Lu Chuanwei thought to himself, and at the same time, he became somewhat interested in the person behind Kuaidi.
"Ring ring! Ring ring!"
The ringtone sounded especially loud at that moment, almost as if it were shaking one's soul.
With a few strands of shiny hair hanging from his hand, Chen Weixing looked at Lü Chuanwei with great delight.
Lu Chuanwei took out his phone in a daze, staring at the incoming call information displayed on it. The gloom between his brows was instantly replaced by excitement.
He took a deep breath and answered the phone, "Hello, Mr. Wu, is there any progress on the investment? We really need the funds right now..."
Chen Weixing watched Lü Chuanwei nervously, watching the excitement on his face freeze, and watching him gradually lose his composure.
"Oh? You've decided to invest in that company in Shanghai."
"What do you mean Mr. Ma decided to personally intervene?"
"What do you mean we shouldn't contact each other anymore?"
Lu Chuanwei looked at his phone with a stunned expression, staring blankly at Chen Weixing as the screen lit up again.
"He's dead."
"Heh, we're done for too!"
Chen Weixing yanked a handful of hair out, slammed it on the ground, and yelled, "Damn it!"
……
Ahri Bar, inside the investment department office.
Chen Kai, representing Kuaidi Dache, signed the 2000 million RMB Series A financing agreement. AliPay will hold 10% of the company's preferred shares and provide them with traffic support from Alipay.
Signing the contract also means that Didi's valuation has reached 2 million!
Chen Kai felt that all of this was so unreal, as if he were in a dream.
Just a few days ago, he was still running around trying to find funding for his company, which was facing bankruptcy at any moment.
Now, they have not only secured new funding and captured a large share of Zhejiang Province's ride-hailing market, but they have also secured a partnership with Alibaba.
All of this is because of Wang Weili.
Chen Kai glanced sideways at Wang Weili sitting in the reception area, and Ma Yun sitting opposite him, chatting and laughing... It felt even more unreal.
"Besides your efforts and the undeniable market advantages of Didi Chuxing, there's something else that impressed me!"
Ma Yun extended her index finger to Wang Weili, explaining why she decided to invest in Kuaidi Dache.
Wang Weili asked curiously, "What?"
"The incompetent are trapped in predicaments, while the capable are adept at breaking free and even better at creating their own world. I really like this saying, and it resonates with me deeply!"
Ma Yun gracefully got up, preparing to move on to her next scheduled activity.
A person like him is destined to be busy.
However, before leaving, he solemnly extended his hand to Wang Weili.
"I hope you can become the Uber of China."
"I'd prefer a global version..."
Wang Weili grasped Ma Yun's hand and gave her a perfect answer.
His current focus is on completing his role-playing progress, but this does not prevent him from participating in business activities. After all, living in a highly commercialized era, one still needs industry and money.
Now that he's already involved, he hopes that Didi Chuxing can grow bigger and stronger!
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