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On the other side, after Xu Mo had the chance to explain the concept to several people, they all had serious expressions.
Perhaps it was because Jiang Pingting, being from the Jiang family, was quite capable, or perhaps it was the novelty of the shared concept itself that attracted the attention of some investors.
Most of the people who could attend were talented and visionary angel investors. Some had their own companies, while others only did angel investments.
Xu Mo had come to the right place.
After speaking to several interested individuals, more and more people became intrigued. When Xu Mo reached a corner of the venue to continue explaining the concept of bike-sharing to an investor, some others quietly gathered around to listen.
Seeing this, Jiang Pingting smiled and handed him a small microphone, allowing his voice to be louder.
Now, even people on the second floor could hear him.
“Please explain again! We want to hear what your plan is exactly.”
“Your proposal is still somewhat rough, merely listing data. Are these data accurate?”
“You look young. Are you confident in doing this? What are your goals?”
Several people asked, showing a strong interest in the project.
Jiang Pingting turned back to look at Xu Mo with a narrow gaze, wondering if he would feel nervous. To her surprise, Xu Mo remained calm, appearing composed and unruffled.
Seeing this, Jiang Pingting couldn’t help but admire.
In such occasions, one must not show any sign of timidity. Confidence and composure are essential; otherwise, those investors wouldn’t consider investing at all.
Xu Mo did well.
He picked up a proposal document and smiled, “Alright! Let me start from the beginning and explain our concept! I believe that with our rapid economic development and the increasing number of high-quality talents, the sharing economy will emerge!”
“Sharing is not a new concept; it’s just a new model, a new idea! We have decided to promote and expand this model to other industries!”
“Shared bikes are just the beginning. In the future, there will definitely be more shared items, such as shared cars, shared electric scooters, shared power banks, shared phones, and so on!”
“We are currently in the development stage and urgently need partners!”
“The data we have collected from our bikes’ initial trials is already very promising. The current data is sufficient to prove that this model can develop healthily!”
“During this period, we have deployed a total of 150,000 bikes. According to statistics, the average usage time per bike within a month is 30 hours! We charge half a yuan per half hour as the starting price. With one bike charging 1.5 yuan per day, for 150,000 bikes, the daily revenue is 225,000 yuan. In 30 days, the revenue amounts to 6.75 million yuan, and in a year, it reaches 81 million yuan!”
“This means that according to this model, we can completely generate substantial income! Additionally, we collect a deposit of 299 yuan for each bike. This deposit can be deposited in the bank or invested, representing a new financial play that can also generate substantial interest income!”
“The concept of sharing is just beginning to rise. We were the first to discover this trend and plan to promote it. I believe that our future economy will definitely be a sharing economy!”
“If everyone is willing to share their belongings, then the future world will surely become a better place!”
Upon hearing these words, the people gathered around began to chatter excitedly.
Sitting on the second floor, Xu Shuying listened to these words with a hint of sarcasm in her eyes:
“A person who has unclean hands and feet and steals would talk about sharing? It’s truly laughable!”
However, the girl next to her chuckled and said, “I actually find what he’s saying quite interesting. This young man has a lot of courage!”
“He does seem quite daring. Putting things out on the street is no joke! But according to his calculations, it seems feasible, doesn’t it?”
“Well, that depends on the probability of loss and the rate of wear and tear, doesn’t it? Without clear data on these, it’s hard to calculate the consequences!” The first girl chuckled, looking down below with a hint of admiration.
Upon hearing this, the others showed a hint of contemplation.
Down below, Xu Mo seemed to sense what was on everyone’s minds, so he smiled and said, “That’s right! But we have to trust the quality of the people in Xiahai City. In fact, the probability of our bikes being lost is very low, less than one percent since we launched. Additionally, our bike quality is excellent, with an initial damage rate of less than one in a thousand. This proves that our project has great potential and can develop healthily!”
“If this data is true, then it’s impressive!”
“The loss rate is less than one percent? Do the people of Xiahai City have such high standards?”
“Nowadays, there are cameras everywhere, so it’s normal! Not many people would steal bikes!”
“Well, then…”
Some people continued to whisper among themselves, likely discussing the feasibility of this project.
Xu Mo presented a lot of data.
The reason he presented this part of the data was to dispel some people’s anxieties.
In fact, if it weren’t for seizing the market and opportunities, Xu Mo could have operated slowly without rushing for financing.
The only reason he wanted financing was to quickly expand and capture more market share, lest he give others the opportunity.
His model is actually replicable, not some trade secret. Xu Mo was well aware that once his reputation is established, many major investors would enter the scene.
Not having the capability to compete with some major investors, Xu Mo believed that securing funding as soon as possible was the best choice. He was confident that being among the first to venture into this territory gave him leverage, so obtaining investment shouldn’t be a problem, the only difference being the amount invested.
After hearing Xu Mo’s explanation, the people around were discussing but remained silent, enveloped in thought.
Sitting upstairs, Xu Shuying saw Xu Mo standing alone below and couldn’t help but smirk cynically, feeling that this venture, which she considered a waste, had no chance of success.
But suddenly, an investor’s secretary stood up and walked towards Xu Mo and Jiang Pingting, whispering a few words in Xu Mo’s ear. Upon hearing this, Xu Mo nodded immediately and walked towards the investor.
This action quickly caught the attention of many people.
Xu Mo quickly approached the investor and started talking with them. Their conversation was too quiet to be heard from upstairs, so Xu Shuying furrowed her brows in confusion.
After a while, someone walked towards the second floor and exclaimed, “One hundred million! Ten percent stake! A person from Tenghua Investments invested!”
“What?” Xu Shuying was stunned for a moment.
“The head of Tenghua Investments, Zhou Shiming, invested in this project, a hundred million for ten percent stake, to help their shared bike project grow!” The girl repeated.
“Ah?”
Xu Shuying’s expression changed dramatically. “How is that possible? Someone invested in this project?”
She was visibly shocked.
“This project seems promising, and someone wants to invest in it! But the highest offer so far is a hundred million!”
“How… how is this possible? How could anyone invest in such a rubbish project? Isn’t this just reckless behavior?” Xu Shuying widened her eyes, finding it hard to believe.
“The data he presented seemed very genuine, and they’ve actually done the calculations for this project. It’s indeed a good one! This top scorer in the college entrance examination is quite impressive!” The girl smiled, looking down below. “It seems like the first beneficiary is born today!”
Xu Shuying was completely stunned.
Her eyes widened in disbelief. She couldn’t believe it was true.
She continued to stare down below, where Xu Mo and Jiang Pingting were chatting with the investor from Tenghua Investment. It seemed like their conversation was coming to an end.
“A hundred million! What a bold move!”
“I also think sharing is a very good project. This young man has a keen vision. In the future, sharing is likely to become a new trend!”
“This young man has a great vision and strong dedication. He has considered every detail. It can be foreseen that if he succeeds, he will definitely lead a nationwide trend, a sharing frenzy that will sweep the entire country!”
“Not bad, not bad! This could very well be the next trend in the internet economy!”
As she listened to the discussions among the investors below, Xu Shuying was completely stunned.
These investors were not ordinary people; each of them had a background, with an uncanny business acumen.
Had they sensed the opportunity in Xu Mo’s hands?
The first investment was in the Millions, for heaven’s sake!
How could this be?
Remember, Xu Mo is still just a high school graduate!
Xu Shuying’s breathing quickened, unable to believe such a thing. She hurried downstairs to ask a few people, hoping for a different answer.
However, the results were all the same.
The head of Tenghua Investment, Zhou Shiming, had indeed invested millions in Xu Mo to promote shared bicycles.
Her brother, once seen by them as a hopeless case, someone who couldn’t get anything right, had unexpectedly gained the favor of most people outside.
In their eyes, he was full of flaws, sloppy, and utterly useless. But in the eyes of others, he was an outstanding individual.
Even with millions invested in him, they didn’t bat an eye.
There were even people who wanted to adopt him. How could Xu Shuying believe such a thing?
She was utterly dumbfounded!
…
[PS: The plot development for Xu Shuying is almost complete, and the climax is approaching! This part of her story definitely needs to be written!]