Chapter 883: Chapter 561: Reverse Tiangang
Ti flies, and five days passed in a blink.
[Persistent Visit] has been very efficient here, and the [Moon Rabbit] that Chief Experience Officer Hu Yan highly praised has already been fully launched.
This efficiency is the result of Cheng Zhu’s demands.
“Being able to earn a bit more money during this period is a good thing.”
“Ele just completed its F round of financing last month, so it’s still well-funded.”
“But Dianping is a different story.”
Don’t be fooled by the fact that Dianping just received $850 million from Tencent Holding and the Singapore Governnt Investnt Corporation earlier this year; that was several months ago.
“Moreover, judging from all angles, Dianping’s ability to generate its own revenue actually lags behind ituan by quite a bit.”
As of now, ituan has only had four rounds of financing, with a total amount of just $1.012 billion.
But when compared to Dianping, they have had seven rounds of financing, with a total amount as high as $1.45 billion!
“Dianping is an older company, established much earlier than ituan, so the number of financing rounds and their amounts being higher is understandable.” Cheng Zhu understands this point.
“The problem is, with more money raised, its valuation is still far lower than ituan’s!”
ituan’s current valuation has reached $6.6 billion, while Dianping’s is only $4 billion!
The higher valuation is over half of your total valuation!
The gap here is quite alarming.
ituan has a very complete industry chain, touching upon various fields of O2O.
But Dianping is much more singular in focus.
With its self-revenue generation and industry chain not as strong as ituan’s, Dianping is burning money to rival ituan, but the effort is not as effective.
Achieving the sa results may cost others one hundred million, but Dianping needs to spend more.
“Thus, although Dianping currently has more cash on hand than ituan, it shouldn’t be long before it needs to raise funds again.”
After all, no one waits until their money runs out before starting a new round of financing; they all do it ahead of ti.
Only soone like Wang Xin, who wants to play Lv Bu, would take such a risk, choosing to walk the tightrope over a cliff, burning all the money!
Cheng Zhu’s idea now is simple: if Dianping really wants to go for the next round of financing, then getting a ticket in wouldn’t be difficult at all!
“The usual rule, get in early and take a small stake.”
So, at this stage, the more cash he has on hand, the better.
For this reason, Cheng Zhu hasn’t overly invested in real estate in Hang City, only buying a house for his advisor to hide his beauty, and a big apartnt for his parents.
The rate at which his money makes money will definitely be faster than the rise in housing prices!
And as expected, after hitting the shelves, [Moon Rabbit] sold out explosively.
One could say this product once again triggered a major earthquake in the QQ toy world.
All the peer competitors were dumbfounded.
“Are they crazy, even making a night light?”
“How did they manage to combine beauty and functionality!”
“Damn, who would have thought such cute bunny ears could be embedded, yet also used as clips on the outside.”
“I bought one and had soone test it, and surprisingly, this quirky design scores full marks in experience!”
“A price of 499 and it still sold out, are there really so many affluent people in the QQ market?”
Cheng Zhu once again refreshed the worldview of his industry peers.
Many people were shocked by the spending power of QQ users.
Everyone always thought the spending level of QQ users was relatively high, but never imagined it would be so high.
The 499 price point is significantly higher than most QQ toys on the market.
If you buy a package, prices go directly above 500, and the most deluxe packages are about 700.
As everyone knows, once the price is high, it’s hard to move the quantity.
But [Persistent Visit] just managed to sell it!
You, Cheng Zhu, might be the legendary [Emperor of Desire], head of all online enthusiasts, buying every new product first.
But even with countless desires, isn’t this sales volu a bit too large?
“Could it be that the number of online enthusiasts is beyond our imagination?”
“Are there really that many online enthusiasts, no way!”
This made all the peers realize that the QQ market’s potential might be far better than they had imagined.
Good news: the industry has prospects.
Bad news: He alone has lifted the industry to a new level!
In fact, these people still underestimated Cheng Zhu’s money-making speed every ti he launches a new product.
The reason is simple: [Persistent Visit]’s unmanned vending stores have already exceeded a thousand locations.
Over a thousand unmanned vending stores are all stocked with [Persistent Visit]’s goods.
Every ti a new product is launched, it will be distributed in these franchise stores.
The combined purchase amount of these more than a thousand stores is already terrifyingly high!
Furthermore, many long-ti foreign clients have imnse trust in [Persistent Visit]’s goods.
Once a new product is out, especially in regions like Japan and Korea, they purchase aggressively.
In many people’s minds, it’s normal for Japan to have large purchases, but in reality, Korea’s demand is exceptionally high too.
This country’s people have a distinctive feature: they don’t sleep!
Their nightlife is extrely vibrant, with club and karaoke attendees being alarmingly high.
Moreover, Korean won are quite open-minded.
For this reason, the level of blue pills in the water of the Han River is astonishingly high.
…
…
Shen City, a high-end residential area.
After working all day, Chen Yue dragged her tired body back to her ho.
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