Cherreads

Chapter 181 - Chapter 178: Insane Cash Burn—Wave of Bankruptcies Incoming~

Goose City, Penguin Building!

"Boss, following the YY group's method, we have also retained our own users, but it may be increasingly difficult to do so in the future. The subsidies of these group-buying websites are getting higher and higher, which is simply burning money!" Liu Zhiping also felt his scalp tingling at this time!

"Well, this is inevitable, because there are capitalists behind these group purchases! Don't worry, keep going, Penguin will be your solid backing, you can't be afraid of these outsiders while you are at home!" Boss Ant has no good feelings towards these capitals, they are just a group of lunatics who smell blood!

"Okay, boss! But the amount may be quite large!" Liu Zhiping already had an estimate for the future market!

"Go ahead and do it! There is enough funding, I said!" Boss Ant said in a domineering manner at this time.

After getting the boss's approval, Liu Zhiping felt relieved again!

...

Baocheng, Mabao Building.

Boss Ma looked at the information in his hand and frowned slightly.

The group buying market has begun to get out of control. With so much capital involved, the waters must be muddied! And there is no room for retreat at this time, otherwise all the early investment will be wasted.

"Ye Xuan, you are really the best! You have calculated everyone!" Boss Ma said softly as he stood in front of the French window, looking at the sky.

Boss Ma has already seen Ye Xuan's plan, but he still can't figure out how he will end up!

"Boom boom boom!"

"Come in!" Boss Ma turned around and sat back.

"Boss! We may have to increase our investment in Dangdang group buying in the future!" said the head of the planning department to Boss Ma.

"I know what the situation is now!" Boss Ma said lightly.

"The market is in chaos now. Some companies have gone crazy and the subsidies they give to merchants are more than twice the standard. Many merchants have been lured over!" said the person in charge with lingering fear.

"Don't worry, this situation won't last long!" Boss Ma comforted.

"What about us?" the person in charge asked carefully.

"Go on. With abundant financial resources, we have nothing to fear! Mabao Group will support you!" Boss Ma said with a smile.

"Yes!" The person in charge left the office satisfied.

The war is about to begin!

The Thousand Regiments War begins.

From the end of February to March, thousands of group buying websites were burning money like crazy, and countless coupons were thrown at users.

The users were so happy at that time that they started to worry about mealtime every day.

Worrying about what to eat! It's not that I'm tired of eating it, but there are too many choices and all kinds of coupons, which makes it difficult to make a decision!

However, by the end of March.

The aftermath of crazy spending has appeared!

Luzhou City.

"Lao Li, let's go! I'll treat you to a meal!" Li Ming said to his colleague with a smile.

"Wow, you're so generous today!" asked a colleague with a smile.

"Of course. I bought a few coupons from a group a few days ago, and now I have two left. I'll give them to you at a discount and take you to a big meal!" Li Ming said proudly.

"Tsk! No wonder he's so generous!" The colleague suddenly realized.

"Stop talking nonsense. Are you going or not?" Li Mingjia pretended to be impatient.

"Go, you must go! It's a rare opportunity to get something out of you, a stingy person!" said the colleague hurriedly.

"You are so poor. I will stuff your mouth with food later!" Li Ming said with a smile.

The two of them went directly to a more famous restaurant in Luzhou. When Li Ming saw that it was this restaurant, he immediately booked several photos!

Li Ming was familiar with the place. After asking his colleagues to sit down, he went to the cashier counter.

"Hello, I use group buying!" Li Ming said with a smile.

"Okay, please show me your group purchase coupon!" the cashier replied politely.

He took Li Ming's cell phone and looked at it.

"Sir, I'm sorry! Your coupon is no longer valid!" the cashier said embarrassedly.

"Ah! What's going on? Why? I used it yesterday!" Li Ming asked in surprise.

"Sir, your coupon cannot be verified now! There must be a problem with the group buying website! I suggest you call and ask!" the cashier replied with a smile.

Listening to the cashier's words, Li Ming walked out and started contacting the customer service of the group buying website, but the line was always busy!

I took out my phone and started searching for the group buying website's Weibo, and found a bunch of comments below!

"Why can't I use my coupon?"

"Give me back! Give me back!"

"No one responded to my Weibo, and I couldn't get through to customer service. I'm afraid you've gone bankrupt!"

"..."

After reading it, Li Ming's heart sank!

Today I said I would treat my colleagues to a big dinner, but now I have really dug my own grave!

He put away his phone, walked back to his seat, and treated his colleague well. However, he found the food tasted bland and in the end the bill totaled more than 600 yuan!

I feel so heartbroken and I hate this group buying website!

After Li Ming returned, he began to pay attention to the developments on the Internet and found that 80% of these group buying websites had started to have problems!

It's not just Luzhou, similar incidents of problems with group buying companies have occurred in all cities!

The group buying company has gone bankrupt!

There has been a lot of scolding on the Internet!

There are so many people who have been cheated!

This discovery shocked Li Ming. The probability of bankruptcy was too high. Everyone had been bragging about the group buying market, and with so many elites participating in group buying, yet it began to collapse in such a short time.

The Internet is in chaos.

The good days of crazy money-burning discounts have only lasted a few days, and now bad news has begun to appear!

Users feel that life is full of ups and downs, and too fast!

Lucky users, if the group buying website where they purchased the group buying coupons was acquired, they can still choose to refund! And those who are unlucky will just let the stuff rot in their hands!

Some people may ask, where did the money go?

All the money was spent on subsidies, not a penny left!

More Chapters