Mid-April.
There are only about a hundred group buying websites left in the market, and those that disappeared have been acquired.
The group buying website could have survived, but it sold the company simply because the boss's will was not strong enough and he could not resist the temptation of capital!
Currently, even the smallest group buying website has operations in twenty cities.
The capital invested in the market has reached 3 billion yuan. The amount seems huge, but the number of group purchases in the early stage is too large, and the average amount per family is only 30 million yuan.
For capitalists, 30 million is the perfect opportunity to gamble on infinite possibilities!
Facts also prove the vision of capitalists.
It's just that the subsequent investment will become larger and larger, after all, the business involves more and more cities.
The cost of just one promotion will multiply several times, and those promotional activities are also costing money, as well as employee salaries.
Taking all things into account, the next round of financing should be coming soon and the cycle will become much shorter!
...
Yip Group Building.
"Boss, this is the latest information of the YY group. The number of visits has obviously decreased!" Ning Nanshi handed the information package to Ye Xuan and said softly.
"It's okay! It's not a problem!" Ye Xuan took a look and found that the recent number of visits had dropped to 50% of the previous level.
"But we have been subsidizing businesses! The finance department said that we have spent 300 million during this period! This does not include employee salaries!" Ning Nanshi sighed.
"The business world is like a battlefield. A battlefield consumes soldiers, while a business world relies on money! You'll get used to it in the future! We've spent 300 million, and other companies will only spend more, not less!" Ye Xuan said with a smile.
"Boss, when do you think this situation will end? The information about the county below is quite good, but the profit is only 10%. After paying the employees' salaries, it's basically equivalent to making no profit!" Ning Nanshi looked depressed.
"What? You feel like you can't hold on any longer? It's still too early! Just imagine how uncomfortable our opponents will be feeling right now!" Ye Xuan said with a smile.
Ye Xuan's words are absolutely correct!
Some companies have begun to be unable to hold on and have contacted their investors again!
The investors this time were not so generous. After all, the remaining group buying websites were valued at over 1 billion, and they had burned through their money not long after their last round of financing.
They began to calculate the odds and found that in the end only a few companies would be left in the market, and only those with large scale would survive!
Their minds started to get active. They basically had shares in all the group buying websites, so the idea was - mergers and acquisitions!
Since the development trend of [Qianshoutuan] invested by Su Boya was very good and it caught up to the forefront, it received a lot of venture capital resources.
Soon, another 2 billion in financial support was received.
From then on, the "Hand in Hand Group" boarded the high-speed train of expansion kits.
With every day that passes, a city will be taken!
With only three days left in May, Qianshoutuan has finally successfully expanded into all first- and second-tier cities, leaving only five group buying websites on the market.
Excluding Ye Xuan and the two Ma bosses, there are only two companies left, one of which is the "Hand in Hand Group" and the other is called "Uli Group", which is a testimony to the successful investment of Shenggao Investment Bank.
The battle is not over yet, and the capital side has already eliminated three companies. Although these two companies also have shares, they are only a little bit, which cannot be compared with Tiger and Sachs Investment Bank.
.....
Goose City.
Penguin Building.
Boss Ant was sitting in his office looking at the financial statements of the Penguin Group with a frown on his face.
He felt a little uncomfortable reading this report.
The investment in Penguin Group in the past two months has reached 1.3 billion, which is enough to maintain its current position.
At first I thought it was because of the market capture and didn't pay much attention to its revenue, but now I realize that Penguin Group is a business that requires continuous investment, because as long as there are competitors there will be competition.
Competition means burning money, and this does not even take into account the profits after occupying the market.
Boss Ant now suspects that group buying is a big trap that Ye Xuan has dug for everyone, similar to shared bicycles. In order to get everyone to join the game, he jumps into the game himself!
However, if you think about it, the market for group buying is brighter than that for shared bikes, so it's worth sticking with it.
He also has the courage.
...
Baocheng, Mabao Building.
The market is finally not so chaotic. Boss Ma looked at the financial statements for this period and couldn't help but frown.
Dangdang Group Buying has also invested nearly 1.5 billion yuan, and now there is no profit at all. But it cannot be said that there is no profit. As long as Dangdang Group Buying goes public, it can easily cash out tens of billions!
But this is not Boss Ma's ultimate goal. He entered the game in order to occupy this huge market, not for just tens of billions.
"Humph, isn't it just continuing to spend money?"
"I'm good at it!"
Boss Ma is also very courageous!
…
…
At this time, the [Hand in Hand Group] and the [Uli Group] were very happy.
Li Qiang, the CEO of [Hand in Hand Group], gave his employees huge salaries.
Now their user base is comparable to that of Penguin Group and Dangdang Group Buying!
Of course, it is still some distance away from YY group. After all, YY group has more than 2,000 counties and is a national giant, the king of group buying!
After the carnival, Li Qiang and Lao Wang began to discuss the next expansion kit plan.
"Old Li, do you think we can expand to the county towns below?" Old Wang asked Li Qiang with a smile.
"This is not good! Look at Penguin and Ma Bao, they are not prepared for the county towns below, and the county towns below cannot provide much information!" Li Qiang said after thinking for a while.
"But we will never be able to surpass YY Group this way! Our size will always be smaller than YY Group!" Lao Wang said with some regret.
"Lao Wang, you can do it! You have such big ambitions! You even want to surpass the YY team!" Li Qiang mentioned Ye Xuan with respect.
"Of course we have to have lofty ambitions!" Lao Wang said quickly.