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The following events are quite interesting: chatting, negotiating, and calculating.
There is also the need to travel around, inspecting the specific operations and distribution in various cities.
The people from the Ali Group will be very thorough.
Due to concerns about market fluctuations, the sale of Little Monster Bike has been kept absolutely confidential, known only to a few high-level executives. This minimizes the risk of user loss and panic.
The Ali Group might still need to continue requiring deposits from customers.
…
While Xu Mo was negotiating, Junzhe Shared Electric Bikes was also expanding.
Xu Junzhe, possessing nearly a hundred million in funds, had already invested in numerous shared electric bikes in Xiahai City and the capital.
He was also seeking investments recently.
Due to the issues with Deverna, Xu Wanting, Xu Xuehui, and others faced a tight capital chain and couldn’t respond to his investment requests. He also didn’t seek help from Xu Deming but aimed to find other angel investors.
However, Xu Junzhe soon encountered a major problem: the electric bikes were too expensive, the riding prices were too low, and the deposit was too high. Few people were willing to place a 999-yuan deposit with an unknown company.
Thus, after a brief period of shared electric bike boom, the user growth for shared electric bikes came to a halt.
This was a very dangerous signal.
It’s important to note that shared electric bikes had just emerged, and logically, user growth shouldn’t have stopped. However, reality showed Xu Junzhe that user growth had indeed ceased.
He even spent some money on advertisements, but still, they didn’t create much impact, and the rate of user growth remained slow.
Additionally, the electric bikes consumed a lot of power, requiring frequent recharging. The batteries in the first batch of electric bikes had already shown significant degradation.
Although they could replace the batteries, the costs and losses were impossible to reduce.
Currently, the data was not viable for securing investments.
Xu Junzhe was quite troubled!
Despite this, his reputation at Tsinghua University did not decline. On the contrary, due to the surge in his fame, he gained even more supporters.
He was also very eager to build his reputation in a place like Tsinghua University, enhancing his visibility and proving his capabilities to people like Xie Bingyan and Xu Deming.
Therefore, giving speeches was a must. He also needed to share his entrepreneurial stories and personal journey. As long as he had money, he could continue to be an angel investor…
“User growth has stopped because the advertising efforts aren’t strong enough. As long as we keep investing in advertisements, user growth will continue!”
“Shared bicycles are outdated and will soon be a thing of the past. Shared electric bikes are the future! Our prospects are very promising; we must seize this opportunity!”
“Charge forward, break the chains, and squeeze out Little Monster Bike’s market space until we crush them! Little Monster Bike has no future!”
With support from Xie Bingyan and Xu Pandi, money wasn’t a major issue. Xu Junzhe, once again full of confidence, continued promoting his shared electric bikes.
“The times will prove us right! Our development faces no obstacles now!”
“Our electric bikes have already been promoted in Xiahai City and the capital. User growth is rapid—we are the trend, we are the future!”
“The entrepreneurial journey is indeed full of hardships, but we hope we can work together!”
Xu Junzhe’s statements elicited a wave of applause.
Watching from the sidelines, Xie Bingyan and Xu Pandi nodded approvingly.
“Junzhe is truly impressive; he managed to build up the company so easily!”
“I knew shared electric bikes had a future! Xu Mo’s bikes are definitely outdated!”
“Junzhe, keep pushing forward!”
Xu Manni and Xu Yuanchan were also excited.
…
Xiahai City Headquarters Meeting Room.
A large stack of contracts was brought over and handed to Xu Mo and the other three to review.
Additionally, personnel from the legal department and the president’s office were present, as all the documents needed to be approved.
The 12 billion acquisition deal was significant, requiring meticulous calculations at every step.
Only after thorough verification could the acquisition be deemed complete.
According to the plan, after the acquisition, Xu Mo, Tang Lei, and the other two would continue working at Little Monster Bike for two more months. After this period, once the company had stabilized, they could resign.
During this time, the Ali Group would send personnel to thoroughly get familiar with Little Monster Bike’s operations only then the four of them could step back from their duties and let the Ali Group new managers take over management.
The details needed to be kept confidential for more than two months. Only after the handover was thoroughly completed could the information be made public, ensuring minimal market fluctuations.
Xu Mo agreed to these conditions.
After having the personnel review the documents and finding no issues, Xu Mo stood up and extended his hand forward.
“Pleasure doing business!”
“Pleasure doing business!”
The people from the Ali Group, relieved to have completed the acquisition, quickly shook hands with Xu Mo and the others, finalizing the contract signing.
Once the Ali Group’s people had left, only Xu Mo’s team remained in the meeting room.
They exchanged glances and burst into laughter. “Let’s celebrate!”
“Hahaha, yes, let’s celebrate!”
“Let’s get some good food and drinks, and celebrate together!”
“Awesome!”
Everyone cheered enthusiastically, filled with excitement.
The signing of the contract meant that the money would soon be in their hands. According to the share distribution, each person would receive a substantial amount.
This large sum of money would ensure they lived comfortably for the rest of their lives.
Especially for Xu Mo, after deducting the deposit and the money invested, he still had at least 5 billion in funds. This was more than enough for him to pursue other ventures.
Everyone was excited, calling for some good food and drinks to celebrate and have fun together.
It was their first time seeing so much money.
However, after the celebration, Tang Lei suddenly thought of something and laughed, “Xu Mo, what’s our next step?”
“Yeah, what are we doing next?” Gu Huanxi also asked with a smile.
“I’ve already planned it out! We’re going into e-commerce!” Xu Mo replied with a grin.
“E-commerce?”
Tang Lei and Gu Huanxi looked surprised.
“Yes, an e-commerce platform similar to Taobao and Jingdong. I’ve already been testing it, and the response has been quite positive!” Xu Mo said, smiling.
Tang Lei and Gu Huanxi were taken aback.
After a moment of silence, Tang Lei asked in surprise, “Is there still market space for an e-commerce platform? Can we really make it big?”
“We can make it big! And the space is enormous!” Xu Mo nodded confidently.
Tang Lei paused, thought for a moment, and said, “Xu Mo, I’m not trying to discourage you, but with e-commerce platforms like Taobao, Tmall, and Jingdong already dominating, along with numerous smaller platforms like Vipshop and Suning, where do we fit in?”
Gu Huanxi and Li Banzhuang also looked at Xu Mo.
Xu Mo smiled and replied, “I can’t explain it clearly right now! You’ll see once we get started! When I say there’s space, there’s plenty of it, enough to rival the entire Ali Group!”
“Rivaling the entire Ali Group? Xu Mo, are you kidding?” Gu Huanxi questioned skeptically.
“I’m not kidding at all! I’ll explain it to you gradually in due course. Don’t worry about it for now!” Xu Mo chuckled.
The market space for Pinhao Goods was difficult to explain in a short time, but Xu Mo was confident. Initially, many people would doubt this project.
However, without a doubt, with proper management, it would quickly develop. Its growth rate would surpass everyone’s expectations.
It was hard to imagine the vastness of the lower-tier cities’ online shopping market in Daxia, a market space that the people of Ali Group and Jingdong Group didn’t anticipate.
Xu Mo aimed to seize this opportunity fiercely, breaking through all barriers!