Chapter 397

Nowadays, the group buying industry is in a scuffle. If meituan wants to live, it either keeps throwing money and subsidies to kill its competitors, or excavates the depth of business, enhances user stickiness and allows users to stay in meituan.

Originally, Wang Xiaoxing, who has no enough strategies, planned to let meituan complete round B financing as soon as possible and continue to increase subsidies to fight with competitors. However, after hearing Fang Zhe's remarks on o2o, Wang Xiaoxing felt that perhaps doing o2o and virtual community service is the best way for meituan to retain users and live!

For group buying, the technical threshold is low, there are many competitors and the user stickiness is poor. However, for o2o, Wang Xiaoxing is confident that his team and meituan can give better play to their strengths and advantages and establish higher competitive barriers and moats. At the same time, meituan can also take advantage of the o2o heat proposed by Fang Zhe to make meituan receive more attention.

Of course, the most important thing is that Wang Xiaoxing is favored by Fang Zhe. Sitting in the cafe, he quietly stirred the coffee with a spoon and recalled the scene of his meeting with Fang zhe at about the same time last year.

Today's Fang Zhe's identity and status are much different from that at that time. It's not too much to say that Fang Zhe is the best group of people in the domestic Internet industry!

Wang Xiaoxing can only be regarded as an outstanding entrepreneur in this industry. If meituan can respond to Fang Zhe's o2o concept at the first time, it will certainly win Fang Zhe's great favor. Moreover, Wang Xiaoxing really feels that o2o is the way out for meituan in the future.

Instead of being the nth supporter of the o2o concept in the future, it's better to be the first person to eat crabs. Anyway, he has started his own business two or three times. He has never failed and feared words!

The one-day it summit quietly ended. However, the content of this conference, especially the o2o concept proposed by Fang Zhe, has set off a hot discussion in the whole domestic Internet industry!

Everyone's topic revolves around what o2o is and whether o2o is reliable. Since the o2o industry can produce the next bat or even Huizhong, how can Huizhong's president Fang easily disclose this concept and other issues.

In short, although the concept of o2o is hotly debated in China, the voice of doubt is far greater than the voice of support. However, in such a hubbub of doubt and noise, meituan company, which plays an important role in the group purchase industry, announced that meituan will comprehensively transform o2o company!

As soon as the news came out, the whole domestic Internet industry was in an uproar. It would be just for some hot headed entrepreneurs and ordinary small companies to cheat investment under the banner of o2o.

Meituan, one of the top three companies in the group buying industry and a startup company with a valuation of hundreds of millions of dollars in the whole Internet industry, has also raised the banner of o2o. Does meituan really want to transform to o2o, or is it like some entrepreneurs and small companies?

Peers in the Internet industry all over the country have talked about the news of meituan's comprehensive transformation of o2o company. Many people are guessing that meituan's release of such news may be inspired by Fang Zhe. After all, Huizhong is one of the shareholders of meituan, and meituan is also a company of Huizhong system. If Fang zhe puts forward such a concept of o2o, there are few responses, Isn't that damaging Fang Zhe's face?

Just a few days after meituan announced the comprehensive transformation of o2o company, including the founders or executives of companies with investment relationship with Huizhong, such as Kuai'an taxi, hungry, etc., also expressed support for Fang Zhe's o2o concept in different channels or occasions such as microblog or invited interview.

At the same time, they also revealed in their words that the company they founded or belong to is an o2o company, a service-oriented company in the new era of the new economy!

With the founders or senior executives of many companies associated with Huizhong supporting the concept of o2o on different occasions, other companies in the domestic Internet industry, such as president Ding of Netease, President Cao of sina, and celebrities in the Internet industry such as Mr. Li, also began to express their views on the concept of o2o, and most of them, From the initial doubt to support!

For a time, o2o became one of the hottest topics and outlets in the domestic Internet industry. Many entrepreneurs took the concept of o2o as a treasure book and central idea of entrepreneurship. All over the country, there was a trend of entrepreneurship under the banner of o2o.

Fang zhe didn't expect that meituan was the first company to respond to and support his o2o concept. Originally, Fang zhe thought that after he proposed this concept, it would have to be questioned and discussed by domestic Internet peers for at least a few months before everyone's attitude will gradually clear, and then influential companies in the industry will begin to support and support his o2o concept.

As for Fang zhe instructing or instructing those companies related to Huizhong, such as hungry, Kuai'an taxi and other companies that are essentially o2o, to support the concept of o2o, Fang Zhe is not at ease. He also put forward this concept to point out the future development direction of the domestic Internet industry and the entrepreneurial opportunities for many entrepreneurs with active ideas. As for the doubts from the outside world, Fang Zhe, how can you care?

Huizhong doesn't want to incubate and cultivate the next bat or even Huizhong by itself, but the o2o industry is too big. Even if Huizhong harvests meituan and benchmarkes the companies valued at tens of billions of dollars such as kuaan taxi and Uber in the previous life, there are still countless entrepreneurial opportunities in this industry.

Besides, this industry is big and has great development prospects, but it is too tired and burning money. That is to say, didi and meituan in their previous lives have not made a profit after seven or eight years until they are listed. Fang zhe will spend so much money to support these companies unless he has his head out.

Investing in these companies at an early stage and waiting for them to go public or exit from the market is one of Fang Zhe's attitudes and reasons towards o2o companies and speculation about the concept of o2o!

"Since Wang Xiaoxing is so sensible, then meituan's round B financing, himself and Huizhong, will invest some more money!"

Originally, Zhongying capital and Huizhong have invested in meituan's angel round and round a financing and won 15% of meituan's shares. In the future, Fang zhe does not intend to increase his shares in meituan. One is to ensure the control of Wang Xiaoxing's team, and the other is not to want Huizhong to participate in meituan too much. Otherwise, it will be difficult to quit in the future because the plate is too large, The connection disk is hard to find.

However, seeing that Wang Xiaoxing is so sensible and meituan has transformed 020 company more than two years earlier in this life than in the previous life, its development speed and achievements are bound to be much better than in the previous life.

Meituan had a valuation of nearly $50 billion when it was listed in the previous life, and the valuation of meituan in this life should only be higher than this figure. In this way, Huizhong's investment now is only tens of millions of dollars, and the investment return in seven or eight years will be at least billions of dollars!

While the domestic Internet industry has been debating the o2o concept from doubt to support, and the o2o entrepreneurship trend is blowing across the country, Fang zhe received a report from Li Wen in his office, which surprised and shocked him:

"Apple's founder Steve jobs will visit China at the end of April, and one of the stops of Steve Jobs's visit to China is Huizhong company, which has an investment relationship with apple!"