Entertainment: Starting With A Net Worth Of One Trillion, I Chose To Lie Flat

Until I walked out of Meituan’s office building.

Wang Sicong was completely dizzy.

Because he never expected that Chen Mo would do this.

Originally, he thought that today's meeting with Wang Xing was just a negotiation.

Unexpectedly, Chen Mo directly put forward conditions to Wang Xing.

Not only did the two parties reach a verbal agreement, Chen Mo actually agreed because Meituan was a matchmaker with Alibaba and Penguin.

What exactly is going on?

"What, you're curious?"

Sitting in the car, Chen Mo smiled and asked Wang Sicong.

"A little bit."

Wang Sicong nodded honestly and said: "Master, I don't quite understand why you are so focused on fun."

He hesitated.

He shook his head and said: "To be precise, you value Meituan so much. Do you think this company has good prospects for future development?"

In fact.

This is what Wang Sicong cannot understand the most.

In his view, if nothing else, the current development status of Meituan does not prove that they have a head start in the fierce competition among group buying websites.

Don’t say anything else.

At least among the websites Wang Sicong knows, there are those that are developing faster and better than Meituan.

Even Dianping.com, which Chen Mo first invested in, seems to be more developed than Meituan.

but.

Chen Mo, however, unswervingly chose Meituan as his investment target. He even gave a very high evaluation and valuation, and was even more prepared to connect with Meituan to enable Meituan to develop rapidly, through Alibaba and Penguin users. flow.

This made Wang Sicong puzzled.

To know.

Although he did not graduate with an Internet major, he also knows very well what user traffic means to an Internet company.

Chen Mo heard Wang Sicong's question and chuckled a few times: "Do you know which one is more important, users or products?"

"Ah?" "380" Wang Sicong was stunned when he heard this.

He really didn't expect that Chen Mo would ask himself this question, shouldn't the product always be the most important?

Thinking of this, he asked Chen Mo decisively.

Chen Mo laughed directly when he heard Wang Sicong's question.

"So, that's what you think."

Looking at Wang Sicong, Chen Mo said with a smile: "Actually, it's wrong to think so. You have to understand that in the product incubation stage, the product is more important. What's more important here is that you have to know exactly what product you want to make and put it into practice. What is the design like?”

"At this time, you have actually seen a lot of user needs, and maybe if you do user research and market research, users may give you some of their demands."

"But the essential priority is lower than judgment, because only you know what resources you have, the advantages and disadvantages of the company and environment you are in."

"Based on this, your control over the product is more important."

Speaking of which.

Chen Mo said to Wang Sicong: "Just like if you want to build a live video website, you must first understand what kind of product you should make at this time.

"All right."

Wang Sicong nodded slightly, finally understanding what Chen Mo meant.

obviously.

He learned something from Chen Mo's words.

"What about the back?"

Wang Sicong looked at Chen Mo and continued to ask: "The product must be made after all, right?"

"Of course."

Chen Mo nodded: "After the product is built, users become more important. Your product has been released and has begun to be verified by the market and users.

“You need to listen to the voices of users, learn to see how the behavior of users in the product is reflected in the data, and use this as a standard for product optimization.

"Please note that listening to users' voices is not to listen to what they say. Sometimes it is more important to see what they do. 17

Speaking of which.

Chen Mo thought for a while and said to Wang Sicong: "There is an interesting concept here. If you study philosophy, have you ever heard of Freud's id, true self and superego?"

“We used to collect user preferences and let users choose their favorite content categories. Interestingly, many people would choose knowledge and education, but in fact they quickly skipped these contents when consuming. Spend more time on comedy and emotion.”

Wang Sicong blinked and nodded helplessly.

I have to admit that what Chen Mo said is not wrong at all.

Many people are like this. They do one thing on the surface but another thing secretly.

To put it bluntly, everyone is hypocritical and likes to show different things in front of others, but their true nature is revealed in private.

Perhaps because of the cooperation agreement with Meituan, Chen Mo was in a good mood and continued: "After these two stages have passed, the product has generally matured and will reach the stage of monetization.

Speaking of this, he looked at Wang Sicong and said seriously: "At this time, you have to understand that nothing is as important as your product."

"Because the user level of the product has begun to take shape, further growth of the product requires breaking out of the circle on the one hand, and clearer monetization methods on the other."

"No matter which of the two, you will find that your initial seed users begin to voice dissatisfaction or even opposition. You can listen and make some changes, but it cannot affect your final goals and direction. You need to adapt. During this period of labor pain, you grow up quickly."

After speaking, Chen Mo said meaningfully: "The ultimate goal of your investment is to make money, not for the so-called users, do you understand?"

Wang Sicong finally understood what Chen Mo meant.

After being quiet for about ten seconds, he raised his head and looked at Chen Mo, and asked slowly: "You mean, Meituan's product has strong monetization capabilities, right?"

"Yes."

Chen Mo nodded and said: "I told you before that the combination of the Internet and smartphones is very promising to change our lives. In my opinion, Meituan has such a foundation.

In fact, he did not tell Wang Sicong that this is how Meituan developed in its original history.

Chen Mo remembers that he once read an article that analyzed in detail the rise of Meituan.

In the article, several points are clarified.

First, Meituan only advertises when the Thousand Regiments War is at its fiercest and offline advertising is at its fiercest. It does not advertise offline. In fact, Meituan almost issued a tender for offline advertising, but then stopped it.

And they have been doing online advertising, and they also specially hired Chen Minming, the director of online operations of Yima, as the current vice president of Meituan to be responsible for this matter.

It must be admitted that not running offline advertising was one of the most correct strategic decisions made by Meituan in its history. It avoided burning unnecessary money and had a good cash flow situation when it encountered a capital winter.

At the same time, a large number of offline advertisements from peers have successfully popularized the concept of group buying, which in turn has benefited Meituan.

Second, insist on investing Shaohuang's energy in local life services in physical group purchases.

The profit margin of local life services is low. During the Thousand Group War, the proportion of physical group purchases on many group buying websites once exceeded the transaction volume by more than 50%. For example, the prospectus of Lashou.com stated that a large amount of financing money will be used for warehousing, Logistics construction. But Wang Xing believes that unless you have a unique user experience and good supply chain control when doing physical group buying, you will not be able to compete with Taobao.

A small amount of physical group purchases are mainly used to cultivate users in areas where Meituan has not yet established a presence.

Meituan focuses on local life services and has built a very high moat.

Third, control operating costs and focus on cash flow.

Some group buying websites have as many as 5,000 or 6,000 employees, and the labor cost is one day.

In comparison, Meituan only had more than 2,000 employees in mid-2013, and only 5,000-6,000 employees in the second year.

You know, at that time, Meituan’s monthly transaction volume had exceeded 3 to 4 billion yuan.

Because of its sufficient funds, Meituan.com was able to launch a winter offensive when competitors were unable to raise funds and the capital chain was broken, and stood up to become the number one group buying company.

The emphasis on cash flow comes from Wang Xing's losses when he was on Xiaonei.com and Fanfou.com.

Then there is the meticulous polishing of technology, applied to every operational detail.

Meituan’s electronic system is very smooth, and most merchants report that Meituan does this very well.

What makes merchants most satisfied is the semi-automatic settlement system, which was developed in 2011. When everyone was worried that group buying websites would not be able to collect their money, this semi-automatic settlement system gave merchants confidence in Meituan.

At the same time, Meituan uses electronic systems internally to solve problems in various departments such as finance, local promotion, and editing, reducing a lot of operating costs. When the transaction volume is eight to one compared to a certain competitor, the ratio of the number of employees in the financial department is about one to two.

certainly.

Chen Mo also knows one thing very well.

That is to say, Meituan actually has problems.

Don’t say anything else.

Wang Xing's capitalist approach has already been criticized by countless people.

Chen Mo has heard too much such negative news about rider business being outsourced and merchants eating away customers.

But Chen Mo didn't intend to ask any more questions.

It's not that he is cruel, but Chen Mo feels that there is no need to pay attention to this kind of thing.

When capital comes to this world, it brings sin with it.

If we really investigate carefully, all the entrepreneurs who have emerged from the late 1980s to now carry the original sin of capital with them.

This is not alarmism, but fact.

That's what that era was like, with two sides divided and divided, with different groups of people standing on both sides of simplicity and chaos.

On one side is the world held by traditional workers, farmers, and ordinary citizens.

On the other side, there is the arena of the emerging class, where there are wanderers, liars, elites, heroes, tycoons and bastards.

Some people succeed and some people fail.

You can't say they are good or bad people, because people can never be judged simply by good or bad.

After an in-depth conversation with Chen Mo, Wang Sicheng realized that Chen Mo had a deeper understanding of Wang Xing and Meituan than he thought.

"But Master, if we continue like this, won't our funds be enough?"

Wang Jianlin gave him 500 million before, and Chen Mo gave him another 500 million.

I spent 100 million when investing in technology.

And now, another 10 million US dollars had to be spent, and Ren Sicong felt as if the money was wasted.

"Haha, don't worry, it's enough...0°

Chen Mo shook his head and said casually: "When investing, if there is a suitable project, you must seize the opportunity to invest. As for the problem of insufficient funds, do you think money is a problem for you or me? "

"Forehead..….……

Wang Sicong was stunned for a moment.

He didn't expect that Chen Mo would say this.

But if you think about it carefully, it seems that this is indeed the case.

After all, neither he nor Chen Mo is actually short of money.

Wanda Group has made a lot of money during this wave of recovery in the real estate industry, just from the projects under construction and the land reserves.

The added value exceeded RMB 30 billion.

This does not include those commercial houses that are for sale.

It is no exaggeration to say that his father Wang Jianlin's current wealth is growing at a jaw-dropping speed.

certainly.

Wang Sicong knew very well that no matter how fast his father's wealth grew, it would be nothing compared to his master Chen Mo.

He heard clearly what Wang Xing said before. Chen Mo at least owned large shares of Internet companies such as Amazon, Apple, Twitter and Facebook.

Not to mention that he is also a shareholder of many companies such as Penguin Group and NetEase.

in other words.

There is no way to calculate the wealth of his master.

However, he was still curious. He took a careful look at Chen Mo's face, blinked and asked, "Master, how much money do you have?"

"How much money is there?"

Chen Mo was stunned for a moment, and then he couldn't help laughing.

"What's wrong? Am I stupid for asking this question?"

Wang Sicong had become familiar with Chen Mo these days and knew that he didn't care much about these things, so he asked directly.

"That's not true."

Hearing Wang Sicong's words, Chen Mo shook his head and said calmly: "I was just thinking about how to answer your question.

Wang Sicong was a little surprised when he heard what he said.

Chen Mo sat in the car and thought for a while before saying: "My wealth is often impossible to calculate.

"What's the meaning?"

Wang Sicong looked puzzled.

Chen Mo said with a smile: "Look, if you count fixed assets and cash deposits, I may only have assets of two to three hundred billion US dollars. But if you include shares and stocks, it's much more."

There was a pause.

Chen Mo explained: "For example, I own 20% of the shares of Penguin Group. The current market value is about HK$50 billion, but you can guarantee that next month these shares will

Or is the value so high? It may have gone down, or it may have gone up, right?”

When he said this, Wang Sicong understood immediately.

Indeed, as Chen Mo said, there is really no way to calculate the market value of shares.

"Once wealth is placed on the stock market, it will generate a lot of water."

Chen Mo said slowly at this time: "Actually, both your father and I know this truth very well, so our definition of wealth has always been relatively conservative.

Wang Sicong nodded slightly, and he finally understood what Chen Mo meant.

soon.

The car arrived at Wang Sicong's home. After saying goodbye to Chen Mo, he got out of the car and left.

But before walking very far, he suddenly realized a problem. 4.0

There is actually a big loophole in what Chen Mo just said. The key point is that the stocks of Internet companies like Penguin have a limit to their market value no matter how they fall.

degrees.

in other words.

Chen Mo's wealth has a minimum value.

But obviously, he didn't want to tell himself.

Shaking his head helplessly, Zhu Sicong had no choice but to go home.

As he walked, he took out his mobile phone and reported to his father about Chen Mo's investment in Meituan today.

Wang Sicong has a clear understanding of his own level. Not to mention compared with Chen Mo, he cannot even compare with ordinary gold medal investors.

In this case, it would be better to ask your father more.

"Ten million US dollars invested in a group buying website?"

Wang Jianlin frowned when he heard about this.

Subsequently.

He asked the whole story in detail.

When Wang Sicong said that Chen Mo said that he could help Wang Xing contact Alibaba and Penguin Group, Wang Jianlin suddenly laughed.

"hehe......…

Hearing his father's laughter, Wang Sicong was a little surprised: "Dad, what's wrong?"

"You kid, you are really lucky."

Wang Jianlin said slowly: "You know, if nothing else happens, the winner of this group buying website war is already determined to be the Meituan you invested in."

"What?"

Wang Sicong was stunned when he heard his father's answer.

It was obvious that he did not understand what Wang Jianlin said.

After all, he is his biological son. Seeing that his son did not understand what he meant, Lao Wang said slowly: "Obviously, since your master dares to make this promise to Wang Xing, it means that he has

Completely confident to convince Ma Xiaoyun and Ma Huateng. "

"Then what do you think is his relationship with Ma Xiaoyun?"

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