In early July, Zuo Hao, president of Phoenix Fund, once again visited Huang Zheng, founder and CEO of Pinduoduo, an upstart Internet e-commerce company.
The two met in a coffee shop under Pinduoduo’s company in Shanghai to discuss the Phoenix Fund’s interest in investing.
The style of the Internet and venture capital circles is that they like to talk about work in coffee shops. This is a bit like following the trend. Of course, a large part of it is related to the fact that those who have returned to China to start businesses in the past ten years are all Internet elites.
While there were giants in traditional industries, the emerging Internet field at that time indeed had many opportunities. The portal website of Internet 1.0, the e-commerce and video website of Internet 2.0, and the social networking website of the 3.0 era.
As well as the sharing, O2O, live broadcast, and short video tracks that are now popular. These eras have produced a large number of rich people.
From a timeline perspective, the Internet giants that emerged after the global financial crisis in 2008 all have extraordinary abilities! Because giants such as BAT will not just sit back and watch just because you come up with a good business model.
From this perspective: Didi, Meituan, ByteDance, and Pinduoduo all have intrinsic factors for success. Otherwise, it would have been killed by competition from Internet giants.
Of course, Didi has been killed by Jing Gao’s Phoenix Group. Meituan is facing competition from Orange Food Delivery, a subsidiary of Phoenix Group. ByteDance also faces meager competition from Phoenix Group in the fields of news distribution and social networking.
In the afternoon, there were slightly fewer people in the ordinary coffee shop on the street. The two of them sat at a small round table in the corner of the coffee shop and chatted.
Huang Zheng is 38 years old this year, slightly older than last year’s Internet upstart Cheng Wei, Didi’s founder, and Toutiao’s Zhang Yimin, and one year younger than Meituan’s Wang Xin. He dresses like an engineer, only slightly worse. Not like the boss of a company valued at more than $10 billion in the industry.
In January, Pinduoduo just received US$215 million in financing from Hongbin Capital. As of July, Pinduoduo has more than 150 million users, and its industry valuation is as high as US$10 billion.
"Mr. Zuo, let me be clear! Pinduoduo has not lacked funds to develop to this day. Your Phoenix Group's reputation in the industry is really..."
Zuo Hao is not a good gentleman either. With Phoenix Fund's status in the domestic venture capital field, he took the initiative to come to Pinduoduo twice, which can be said to be a huge favor. He asked rudely: "What kind of reputation?"
Huang Zheng paused for a moment, "Uh..., your reputation, Mr. Jing, is too great. I don't want the company I founded... to be restricted by too much capital."
Are you kidding me?
The three emerging giants in the Internet industry that have finally broken out of the siege are now being rubbed against the ground by the Phoenix Group with abundant capital: Didi Zu and Meituan are in dire straits, and Toutiao is facing suppression from Baidu and Phoenix, and capital has a negative view on them. .
It is said that because Wang Xin of Meituan said some "straightforward" words when approaching financing, Phoenix Group took over "Baidu Waimai" and restarted the food delivery war. Ele.me is currently suffering. Ali’s original intention of investing in Ele.me is to improve their “frigate fleet”, not to strive for the first place in the industry.
As soon as the Phoenix Group took action, domestic venture capital funds rushed to send money! He is simply more obedient than the king’s loyal ministers! Including international-level venture capital investors who have been paying attention to the domestic Internet field all year round, they all stepped up to send money.
Even though he has the support of big bosses and no lack of funds, how can he dare to say harsh words at this time?
Zuo Hao immediately changed his face and said enthusiastically: "Mr. Huang, you can rest assured. I can explain it to you. Our business logic for investing in Pinduoduo is very simple: to ensure payment channels in the e-commerce field. You know, we He has a bad relationship with Ali.
E-commerce is currently the largest application scenario for payment channels. Takeout and shared travel are high-frequency small-amount payment scenarios. Phoenix Payment must have its own channels. "
Huang Zheng thought to himself, this is the problem. First, Pinduoduo can be summed up as "social e-commerce" and "acquaintance e-commerce", and this requires the support of the Internet giant Tencent. Tencent has WeChat Pay under its name.
Second, Pinduoduo will definitely compete with Alibaba-based e-commerce companies in the future. However, there are differences in patterns. We will not compete like JD.com and Alibaba. He is actually not prepared to get involved in the grievances between Internet giants.
He decides on his own company! We do not want our future development direction to be restricted by capital.
"Mr. Zuo, let me think about it!"
"Okay, I'll wait for your call." Zuo Hao stood up, shook hands with Huang Zheng, and left in the car.
Grass! Huang Zheng's face darkened, he returned to the office and started making phone calls.
…
…
The midsummer night is gradually falling, and in the bedroom on the second floor of Tomson Golf Villa No. 11, the stars are dotted, and the moonlight flows on the two pots of orchids on the windowsill.
Jing Gao held the two girls in his arms, and the thin sheets covered their beautiful bodies. He wanted to smoke a cigarette afterward, especially when the little woman Ye Jing just whispered in his ear charmingly: "Brother Jing, you are great!"
Deng Ran's pretty face was still stained with tears, and her resentful mood was much relieved. She gently stroked the tooth mark on Jing Gao's mouth and said softly: "Brother Jing, does it still hurt?" She felt a lot for him. I have deep feelings, but I just can’t help but want to bite him.
Jing Gaowen said in a loud voice: "Xiaoran, it's okay. I want to feel the pain in your heart."
Deng Ran's emotional eyes turned red and she apologized with tears, "Brother Jing, I'm sorry!" She felt quite guilty. She already knew that Brother Jing suddenly faced a business threat and was unable to spare time to spend with her.
Jing Gao gently stroked her hair and said softly: "Xiao Ran, there is no need to say sorry between us. I'm sorry for you too! I took the best youth time of your life, and I want you to stay with me for the rest of my life.
Don’t you want to ask: What’s your place in my heart? You are my first love! How could I let you leave? "
He didn't take advantage of Deng Ran's guilt to gain some benefits from this relationship or force her to give in or anything. He liked and cherished her very much in his heart.
Excluding the girls he had a crush on in his life before he got the Shenhao Card, his first relationship was with Deng Ran. It's just that he is a scumbag and told her clearly that he would not marry her. Therefore, this makes this beautiful girl very fragile inside.
Deng Ran's appearance and figure are not the best among his women. But a lot of money can't buy a good heart. This is the first love girl he once liked and still loves now.
I felt a little guilty at the same time.
He actually had some time to finish handling business matters in the afternoon. But Xiao Xueyan called and talked on the phone with him.
Two days ago, he and Xiao Xueyan made the final breakthrough while they were making love in the courtyard that belonged to him in Nanguluo Lane, where the old campus of China National Theater was located. Originally, he and Xiao Xueyan just wanted to eat some fruits stored in the refrigerator, such as strawberries, apples, peaches, bananas, etc. But in the end he couldn't hold back and ate the fresh and beautiful girl.
The girl who tasted love for the first time was particularly obsessed with her. She restrained herself for two days before calling him. The words that came out were hot words of love, "Brother Jing, I miss you. I miss you everything." He couldn't refuse her call and made an appointment. When she comes to Magic City, he will take time to accompany her.
Therefore, he really has to exercise restraint when it comes to women. Either eat fast food, or be a beauty who needs less energy.
"Brother Jing..." Deng Ran shouted emotionally and hugged Jing Gao tightly.
Ye Jing stood next to Jing Gao obediently and gently, turned over and looked at the watch on the bedside table, "Brother Jing, it's almost nine o'clock in the evening. You have to go."
Jing Gao just answered a phone call and seemed to have a very important dinner date with someone. She heard it all.
"Let's go together! I'll take you to the hotel. I'll ask Guan Guan to bring your clothes in."
…
…
The modified black Ford business car slowly drove away from Tomson Golf Villa No. 11. There are slightly fewer vehicles on the street at night.
The space inside the car is very spacious, enough for Jing Gao, Deng Ran, and Ye Jing to have a meal together and replenish their exhausted energy.
Jing Gao did not keep them in the villa for one more night. Only Guan Guan lived on the second floor of the villa. But there are many people coming and going to report work to him, which does affect their mood and feelings. Moreover, both of their clothes have been packed.
The hotel I chose was Sinan Mansion.
The three of them ate lunch boxes, but they were all Chinese meals carefully prepared by the chefs. There are four lunch boxes on the small round table in the car. The driver drove very steadily and no soup or water was spilled. The three looked at each other and laughed.
Deng Ran is now wearing exquisite glasses, a ponytail, water-brushed blue jeans and a white T-shirt. The simple and refreshing outfit, coupled with her thin but very slim body curve, is so beautiful that people can't help but think of the school beauty when they first fell in love.
Jing Gao had some recollection of what she had just said...
Deng Ran took a chopstick of mutton and fed it to Jing Gao, and said coquettishly: "Brother Jing, I'll give you some food!" She was in a good mood and still regained her girlish energy. She just graduated from college.
Jing Gao laughed and said: "This is not enough for me to lose!" He spent a huge amount of money on treatment in the top private hospitals in the capital, and paid attention to supplements and maintenance in his daily life. "Tell me, what were the three of us laughing at just now?"
Deng Ran smiled like a flower, put down his lunch box, wiped the food from the corners of Jing Gao's mouth, and said arrogantly: "Brother Jing, I won't tell you."
Ye Jing smiled softly and said softly: "Brother Jing, Ranran must be laughing at you to see her fascinated. I just remembered that you paid our wages and laughed at you for being a billionaire eating fast food in the car. And You should have a knowing smile.”
Brother Jing will pay her and Ranran a salary every month. 5 million per month. Ranran would sometimes laugh at himself when chatting with her that they were being taken care of by Brother Jing. But in fact, she knew that this was far higher than the market price.
If Brother Jing has no feelings for them, he really just wants to keep the female teacher and the beautiful school beauty for fun, so there is no need to spend so much money.
Don't ask her how she knew! She is 26 years old this year and has stayed at the University of International Trade and Economics, a university with many beauties, for almost 8 years. Moreover, he is still a teacher at the school and knows a lot of things.
The most beautiful junior girl from the literature department, who was two years younger than her, was said to have received less than 5 million from her sponsor when they broke up.
"Jingjing, it's okay!" Jing Gao supported Ye Jing's round and slender legs and gave her a rewarding kiss. He likes beautiful, smart women. He hugged Deng Ran's soft waist and said, "If you don't get angry with me anymore, I'll be in a good mood. It was my negligence this time."
"You guys will live in the Sinan Mansion first. I have asked Guan Guan to arrange for someone to buy the villa. Later, Xiaoran will have a place to live while working in Shanghai. Oh, Xiaoran, have you learned your driver's license? From Pudong, go to Xiange The club is a bit far away.”
Deng Ran snuggled into Jing Gao's arms tenderly and said, "I learned it! But my driving skills are not good and I don't dare to go on the road. I took the car you gave to Sister Jing to practice."
Jing Gao chuckled and said in her ear: "Xiaoran, you were driving very well just now. It was automatic transmission all the way. My experience as a passenger was very good."
"Brother Jing~" Deng Ran said coquettishly.
