Top of the big era

Zhou Buqi is warmly welcomed wherever he goes.

Alibaba is no exception.

It’s just that young people nowadays are very aggressive, which is different from the past. In the past, they would express some admiration and respect in a friendly manner, and then it would pass; now it’s different, everyone is not stopping until they say something shocking.

This is not the fault of young people, the same is true for the entrepreneurial industry.

No matter how the older generation of entrepreneurs fight in private, their image in the outside world is that they are modest and speak in a reserved manner. Now it’s different, they all have a "fast, accurate and ruthless" style, such as the recent events, Ms. Dong angrily criticized Midea, Boss Ma said that JD.com is going to be finished, Xiaomi said that the LeTV model is coming to an end...

The trend of society is becoming more and more direct.

On the Alibaba side, a female employee named Lan asked Zhou Buqi: "Mr. Zhou, don't you think there is too much competition between Ziweixing and Alibaba?"

Zhou Buqi asked back: "Isn't competition good?"

Ms. Lan listed: "Payment competition, social software competition, Internet finance competition, taxi software competition, red envelope competition, cloud computing competition, food delivery competition... In almost every field, both sides have fierce competition. Isn't this tiring?"

Zhou Buqi thought to himself, why should I be tired? I never care about these things.

However, Zhou Buqi smiled and said, "Even if it's tiring, we still have to compete. Competition can promote improvement and provide the best service. I believe that everyone present here has suffered from monopoly. The competition in the Internet is indeed very fierce and developing in a white-hot manner. My advice to you is to enjoy the present."

Ms. Lan said, "Moderate competition can promote the progress of the industry. However, excessive competition is likely to be a huge drain on the industry. Just like the market for online car-hailing, do you think the competition in this field has become deformed?"

"Huh?"

Zhou Buqi was a little surprised and turned to look at Boss Ma.

Damn!

This is what he arranged!

I understand now.

The lock-up period for Alibaba's stock is about to expire. It is conceivable that Alibaba's stock price will face great selling pressure in the next stage. If some good news can be released, the stock price can be controlled. Taodiandian's acquisition of Meican.com is such a strategy.

Of course, it also includes Boss Ma's desire to promote the merger of Didi and Kuaidi.

Zhou Buqi was not ambiguous and said frankly: "The online car-hailing market is indeed somewhat deformed. Some major adjustments are needed in the future, which may change the various chaos in the industry."

Boss Ma was very happy when he heard it, and pulled him away from everyone and went downstairs to have lunch together.

After leaving the encirclement of the group of employees, Zhou Buqi laughed and said: "Old Ma, what do you mean by this? Are you trying to show me your power?"

Boss Ma hurriedly said: "No, no, they are all spontaneous."

Zhou Buqi thought for a while and said: "If you really want to do it, then do it. It's March now. If you really do it, it would be good if it can be completed in the fall."

Boss Ma was happy at once and smiled: "It doesn't matter when it can be done. The important thing is that we can release the good news now. It can also cool down the online car-hailing industry appropriately."

Zhou Buqi nodded, and his expression became serious, "This year, the resources of the Internet industry are greatly integrated. It's cold."

What kind of situation is it to keep warm together?

In cold situations.

Although the domestic Internet industry is still booming, capital has already revealed very obvious signals, especially American capital.

Boss Ma knows more about these things than Zhou Buqi, and whispered: "The US dollar funds have basically stopped. The form and status of domestic US dollar funds have changed."

Zhou Buqi asked: "Why has it changed?"

Boss Ma said: "One is to convert exports to domestic sales, which is actually domestic funds, converted into foreign exchange, and then the foreign exchange is converted back to the domestic currency. It is actually domestic capital, but it is pretending to be foreign capital. Not only can it make the foreign capital data look better, but there are also some preferential treatments for foreign capital."

"Yes."

"Another way is that the investment income of the US dollar fund in China before is compounded in China. This is nominally a US dollar fund, but in fact it is the domestic currency."

"What's the reason?"

Zhou Buqi frowned.

Boss Ma said: "The instability of monetary assets. Changes in monetary policy have caused great losses to many foreign capitals."

Dollar funds refer to funds sold in the United States. The investors are basically Americans and use American money.

The strength of US dollar funds in the domestic Internet market means a huge positive trend.

And the most important point.

American venture capital institutions are more mature, and the investment of dollar funds is more disciplined. If the investment makes money, everyone is happy, and if the investment loses money, everyone will take it for granted. There is no unlimited joint and several liability associated with the founder. Because of this, many entrepreneurs with genius ideas dare to move forward fearlessly.

However, such institutions also need to make money.

The instability of monetary policy has put dollar funds in trouble.

For example, if a dollar fund wants to invest in South Korea, it must exchange dollars for won. After making money in South Korea, it will exchange won for dollars. If the won depreciates significantly during this period, it will be miserable. Obviously, it has made money in South Korea, but the currency exchange directly takes away all the profits.

Higher financial policies have led to a sharp decline in dollar funds since this year.

In the booming venture capital industry in China, it relies on domestic investment.

The cold is coming.

The industry has felt it, and it is time for Didi and Kuaidi to take action and start the merger and integration plan.

Zhou Buqi glanced at him, "Why don't you put on more clothes?"

Boss Ma laughed, "I'm not cold, the matter with the State Administration for Industry and Commerce has been settled, and the problem of counterfeit goods is all false. This has reduced the capital's policy risk assessment of Alibaba."

Zhou Buqi smiled and said, "Then you are really cold-resistant, I can't, it's March, I have to wear cotton clothes."

"Let's try Taodiandian for dinner later, it's quite convenient."

Boss Ma led him to Alibaba's employee restaurant.

Zhou Buqi was quite surprised, "Ah? Takeout?"

Boss Ma said easily, "There are many high-end restaurants, I have them on my phone, you can take a look later, they are much better than your Fantuan. Fantuan is a delivery, Taodiandian is a dish ordering, the model is different. But it's good this way, differentiated competition has a market."

As a guest, Zhou Buqi followed suit.

Let's go to lunch together.

The main food is still the canteen.

No matter how high-end the takeaway is, it is mainly a gimmick.

However, when Zhou Buqi watched Boss Ma use Taodiandian to order food, he found it quite interesting. It was indeed different from Fantuan. The page of Taodiandian is a bit like Taobao, and you can search for the dishes you want in the search bar.

Boss Ma typed "Dongpo elbow".

Then, the screen was full of Dongpo elbow dishes, from different restaurants, with different prices. Some sold for more than 200 yuan, and some were less than 20 yuan. The entire product design was completely copied from Taobao.

Zhou Buqi stared and studied for a while.

Boss Ma was actually showing off his new product, and smiled: "How is it? Are you qualified to enter the market? At least it is much better than Baidu Nuomi, right?"

Zhou Buqi told the truth, "I don't know, I haven't used Nuomi, I haven't even used Fantuan, it's hard to compare."

"You don't participate?" Boss Ma was surprised, "You are the number one product manager!"

Zhou Buqi said: "I haven't participated in the O2O business, so the things of Didi and Kuaidi still need your help to promote them."