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The investors’ reactions were somewhat amusing, but the benefits they brought were substantial. Xu Mo applied this model to Volcano short Videos recently and achieved some success.
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Lately, Tang Lei and Gu Huanxi gained fame.
They became quite popular on the campus of Tsinghua University.
Especially Tang Lei, as one of the co-founders of the bike-sharing company, had already made a name for himself on the Tsinghua campus. He even started dating a nice girlfriend, becoming a leading figure among the new generation at Tsinghua.
This was something even Xu Junzhe couldn’t surpass.
Recently, it was rumored that Tang Lei was also one of the co-founders of Pinduoduo, launching the Price Slashing and Group Buying models that swept across the country, boosting his reputation significantly.
Despite Tang Lei’s usual modesty, he couldn’t prevent his reputation as a genius from spreading.
As for Gu Huanxi, her participation in the recent World Internet Conference and subsequent interviews caused her fame to skyrocket.
Some people at school were surprised to learn that Gu Huanxi was also another co-founder of Pinduoduo and the bike-sharing company, making her equally popular on campus.
When Gu Huanxi returned that night and told Xu Mo about it, she couldn’t help but laugh and cry, mentioning how people greeted her on the way back to the dorm after class.
Xu Mo and Li Banzhuang found it amusing and suggested, “You should give a lecture at school!”
Gu Huanxi chuckled, “It’s not that easy at Tsinghua. It’s no ordinary place!”
Nevertheless, Tang Lei and Gu Huanxi’s fame overshadowed Xu Junzhe’s, which was a good thing.
In fact, it’s similar for Gu Huanxi. Tsinghua University isn’t an ordinary place; most students who get in are from influential backgrounds.
For many of these students, their aspirations are often geared towards political, scientific research, or military success rather than purely business success. Business is just one aspect.
Of course, during their student days, they were relatively innocent. Now, Tang Lei and Gu Huanxi, each worth tens of billions, gaining fame at Tsinghua is quite normal.
These individuals actually need to maintain a low profile as much as possible.
The four of them continue to expand their business operations.
The “Price Slashing” model continues to be popular, spreading virally across the country, north and south.
Every day, numerous people are on WeChat, either requesting Price Slashing for me or joining a WeChat group specifically for group buying and mutual assistance.
It also contributes to the promotion of Pinduoduo, so this marketing model has successfully carved out a big piece of the online shopping platform, occupying its own territory.
Seeing that funds have been nearly spent, Xu Mo immediately initiated the third round of financing.
In this round, they aim to raise 10 billion, seeking at least three investors…
During this period, Xu Wanting was quite busy.
She wanted to revive Deverna and prove her capabilities again. However, Xu Wanting suddenly realized that Xu Mo might have deeper reasons for not directly bankrupting Deverna.
Deverna now looks half-dead. Normally, it would be best to bankrupt her while she’s down and out.
But recently, Xu Mo seems to have refrained from further actions against Deverna.
Is this Xu Mo showing mercy and choosing to spare Deverna?
If this had been some time ago, Xu Wanting might have thought so, but now… Upon serious consideration, she shivered with fear.
Xu Mo’s reason for sparing Deverna is probably not that simple.
At this point, Xu Wanting has finally come to accept the harsh reality that her own younger brother is now her enemy.
Everything has reached a point of no return.
Perhaps Xu Mo is still keeping an eye on Deverna, waiting for her to revive so he can deliver another heavy blow.
It’s highly possible.
Xu Mo continues to drain her energy and resources, aiming to completely break her down. That’s why he has left Deverna in such a state—neither allowing her to give up nor to continue operating.
What she should do now is sell off all of Deverna’s assets, start afresh, and not continue to waste resources on Deverna.
“We all need to face this challenge! The challenge from Xu Mo! He has matured!” Xu Wanting said to Xu Shuying. “He’s no longer the little boy who used to come home and obediently accept any punishment or scolding.”
“Is this the end for Deverna?” Xu Shuying asked softly, finding it hard to believe.
“I’m afraid so. Last time we met, Xu Mo warned me. I have no choice but to give up,” Xu Wanting replied, looking distraught, her expression resembling that of a puppet.
Xu Shuying fell silent.
Recently, many investigations into Deverna have been conducted. Both the Drug Administration and the Bureau of Industry and Commerce have cleared Deverna’s name, proving that it does not contain any carcinogenic substances and meets national mineral content standards.
However, this hasn’t had much effect.
Once the term ‘carcinogenic’ became associated with Deverna, its losses were inevitable.
“So what do we do now?” Xu Shuying asked.
“Mom wants me to help Junzhe gain control of Fengxiang Jewelry! I need to withdraw all funds from Deverna, but I’m not sure how yet. I’m afraid Fengxiang Jewelry won’t hold up much longer either,” Xu Wanting continued.
“Could Fengxiang Jewelry really be in trouble?” Xu Shuying couldn’t believe it. Fengxiang Jewelry was a well-established and renowned jewelry brand in the country; it seemed unlikely that they would encounter such difficulties.
“We don’t know yet how Xu Mo plans to deal with Fengxiang Jewelry, but judging from the current situation, he won’t let it go easily! Fifth sister, he’s a genius! Have you seen it? He’s a genius!” Xu Wanting continued, her eyes glazed over.
Xu Shuying remained silent, picking up a nearby report and skimming through it.
It was a research report conducted by Xu Wanting’s investment firm on the Price Slashing model and the Pinduoduo platform, both of which were gaining immense popularity and sweeping the nation.
“Many investors are now closely watching the development of Pinduoduo, amazed by its progress. It’s said that Pinduoduo has already initiated the IPO process.”
“How long has it been since Xu Mo founded Pinduoduo? Just over a year, and he spent quite some time developing it. Yet, in such a short time, he’s ready to go public. Truly remarkable.”
Xu Shuying, not deeply involved in business, was still astounded after reading the report.
“Just how intelligent is this person?”
“If Xu Mo can continue to get along well with them, that would be wonderful!”
“Dad Is proud! Dad refuses to relinquish control of Fengxiang Jewelry directly now! He has reported to the Xu family and consulted with Uncle and Second Uncle, as well as Grandpa and Grandma! For Dad, Xu Mo is the ideal successor!” Xu Wanting spoke dully, “This farce doesn’t seem to be ending anytime soon.”
“Big sister, whom do you support?” Xu Shuying asked her.
“Well…” Xu Wanting hesitated for a moment.
“I think our opinions will be crucial in deciding whether Junzhe or Xu Mo should take over Fengxiang Jewelry. Given the circumstances, whom should we support?” Xu Shuying continued.
Xu Wanting fell silent, struggling with her expression.
She hadn’t considered this question before. Logically, Xu Mo seemed more suitable. His marketing and business acumen had proven him highly qualified to inherit Fengxiang Jewelry. However, it seemed unlikely that Xu Mo would return home under the current circumstances.
On the other hand, Junzhe had fallen short in many ways. His shared electric bike venture not only went bankrupt but also incurred significant losses, with the capital operation failing entirely.
In this situation, there was no comparison between the two.
“However…”
Xu Wanting paused, then slowly spoke, “I support Junzhe, it can only be Junzhe. As for Xu Mo…”
She didn’t continue, but Xu Shuying already understood her meaning.
Elder sister had already realized it—Xu Mo was now an enemy.