"Brother Chen, Sequoia Investment, KPCB, SoftBank, Goldman Sachs and other investment institutions want to make a second round of investment in Meituan!"

Wang Yan, holding the wine glass, said excitedly to Chen Chu, feeling quite proud of the spring breeze.

Wang Yan, who has a low presence in Chuke's technology in recent years, has finally become a new player in the domestic Internet industry this year with Meituan's strong performance.

Zhang Yiming, Li Xing, Cao Guowei and others, who were standing aside, all praised Wang Yan. They knew the situation of Meituan, both of which are under Chuke Technology.

Although the "Chuke Group" above your head brings fame, resources, and funds, the pressure comes with it, as if it is placed in the spotlight and stared at by countless people.

Just like the previous Hainet Network, after being acquired by Chuke Technology, it was difficult to start the situation. Wang Yan was considered a "parallel product" and only entered the Chuke Technology board of directors through relationships.

This kind of pressure is invisible and intangible, but it can make people feel it all the time. Every year, a large number of media go to Chuke Technology for exclusive interviews. The media can see which department and industry are at the most.

"Meituan has now covered the entire first-tier cities in China, more than 120 cities, and has established Meituan's business points. 34% of the entire group buying market has been taken over by Meituan. More than 50% of local services such as hotels, catering, and tourism have already belonged to Meituan!"

Wang Yan said to Chen Chu in high spirits that at this time there was no media, and he began to give Meituan the title of "King of Group Buying" and believed that it was only a matter of time before the group buying market was captured by Meituan.

Especially in the group buying market, although the 100-group battle has begun, and more than 100 group buying companies supported by various investment institutions have exceeded 100, most of them are located in a corner. After all, this thing requires money to expand the market, form an operation team, win over merchants, and subsidize users, and all require a lot of money.

Although the group buying industry is still full of smoke and major group buying companies are in a hurry to make a deal, Meituan is already ahead of its market share, accounting for more than 30% of the entire group buying market.

The second-place Lashou.com is more than 10% behind Meituan's market share. Now the two sides are launching a large-scale subsidy war, which burns more than millions every day, and other opponents cannot compare.

Wang Yan pulled Cheng Wei by the side and said to Chen Chu, "Cheng Wei has helped me a lot. If it weren't for Cheng Wei, Meituan wouldn't have developed so smoothly. Brother Chen, I dared to invite you to have a love affair. I want to ask Mr. Zeng to let Cheng Wei come to Meituan. I am so grateful!"

Cheng Wei, who came with Wang Yan today, unexpectedly, Wang Yan suddenly asked for credit for him. Cheng Wei was sent to Meituan as Chuke Technology, which is equivalent to the role of military supervisor. During this period, Cheng Wei was coordinating the affairs of Meituan and Chuke Technology.

Wang Yan became cruel and didn't even let him go. He poached his own secrets. Wang Yan really valued Cheng Wei. In addition to bringing the resources and support of Chuke technology for Meituan, he also helped Meituan solve a lot of trouble. Now Meituan, which lacks everything, naturally wanted to poach Cheng Wei to help him.

Cheng Wei couldn't help but look at Chen Chu with some expectations. He is currently working in Zeng Yuanli's investment management department. Zeng Yuanli also attaches great importance to him. Otherwise, he would not have been responsible for projects independently for less than a year after joining Chuke Technology, or projects like Meituan.

But in Chuke Technology Investment Management Department, although life is good, the treatment is necessity and authority is also very high. Anyone in other departments will give him some thin face when he meets the Investment Management Department, but he can still see it at a glance, which is far less successful than other departments.

If you arrive at Meituan now, Cheng Wei will be equivalent to joining Meituan’s founding team. Once Meituan goes public in the future, Cheng Wei’s qualifications will be further improved and he will become famous in the entire Internet industry.

Seeing Wang Yan, Cheng Wei and Chen Chu, who are close to each other, have a good brother, for some reason, they always feel inexplicable. If they take pictures of this scene at this time, I don’t know what their expressions would be in front of the King of Takeout and the King of Didi in the future.

"There is no need for this. Lao Zeng has other uses for Cheng Wei. If you really poach it, Lao Zeng will not be happy!" Chen Chu said with a smile.

Hearing Chen Chu's words, Wang Yan could only sigh helplessly, and Cheng Wei could only smile bitterly. When Chen Chu said this, there would be no chance for him to enter Meituan. Zeng Yuanli is one of the real power figures in Chuke's technology. Cheng Wei could not say anything if he could be valued by Zeng Yuanli.

"How is Meituan now? Is it still losing money?" Chen Chu asked Wang Yan.

Wang Ying didn't care too much about this, but instead talked to Li Xing on the side, "I think the current loss is completely worth it. Just like Autohome, I just heard Boss Li talk about that Autohome's revenue this year may have more than doubled!"

When Li Xing heard this, he suppressed the smile on his face and said calmly, "The market in Autohome is just better this year, and it's nothing."

In the first half of the year, Autohome's huge "401" plan was basically completed in full. The task of covering 400 cities Autohome's 4S flagship stores has been completed. Each city is equipped with a repair center and driving school, which makes Autohome the largest 4S chain brand store in China and the largest driving school and car after-sales service platform.

The country has also begun to enter the golden decade of automobiles, and ordinary family cars have begun to fully enter ordinary families. With the help of this east wind, Autohome's revenue has begun to soar.

In addition, the "FUU Card" launched by Autohome has directly exceeded the 4 million mark. In Yanjing, Shanghai, Pengcheng, Hangzhou and other places, the users of FUU Card are growing in large scale, especially in Yanjing. FUU Card has completely entered all aspects of users. Buying cars, refueling, checking in hotels, entering shopping malls, watching movies, etc., can use FUU Card to get discounts. In this way, FUU Card users begin to grow explosively. The funds on FUU Card alone have exceeded one billion, which makes the funds of Autohome Starting to grow rapidly.

The huge 4S sales channel, coupled with the users of China Automobile Card, has caused Autohome's revenue to explode and has also made Autohome a model for burning money to buy the market!

The performance of Autohome has even become a theoretical support for the group buying market. Now major group buying companies are spending money to grab the market in a crazy way, believing that they can occupy the market like Autohome in the future and then make profits.

Wang Yan is also a practitioner of this theory. "Although Meituan is still losing money and the losses are intensifying, its market share is still increasing, especially with the help of Onyx smartphones, Meituan's user growth scale is constantly expanding. I think Meituan's profits can increase rapidly after occupying the market share."

As the only group buying software on Onyx smartphones, the user who bought Onyx smartphones naturally became Meituan users. This made many companies such as Lashou and Group Purchase stare at me. Onyx Technology did not refuse to list the APPs of these group buying websites, but they needed to be developed and then reviewed. The APPs of other group buying companies would take as soon as half a year to enter Meituan.

"We still need to control funds and be cautious in competing for the market!" Chen Chu said to Wang Yan. Although Meituan has an advantage in the group buying industry at present, it is so easy to completely defeat other group buying companies.

There are a large number of investment institutions behind major group buying companies. Once the group buying website collapses, the money of these investment institutions will be wasted, which naturally makes those investment institutions unwilling to let go easily.

"I heard that in the market in Shanghai, Dianping occupies a large part of the market?" Chen Chu seemed to ask Wang Yan casually.

Hearing this, Wang Yan and Cheng Wei were obviously embarrassed. Since Meituan was established, it has indeed captured cities and villages and quickly occupied a large number of markets, but the stalls were too big, so it was inevitable that they would be a little overwhelmed.

This is true in Shanghai. Meituan occupies a large part of the market in Shanghai, but unlike Yanjing, it completely consolidates the entire market. After all, it still lacks manpower, and even fewer people with ability.

The result is that Dianping, which has transformed into the group buying market in Shanghai, Hangzhou and other places, quickly gained a large number of markets. It is currently competing with Meituan. However, Meituan is busy killing Lashou.com. Lashou.com, which has been established for less than a year, actually wants to go public. Meituan is blocking Lashou.com and cannot let Lashou get the title of the first group buying stock. For a while, it is a little uneasy.

However, now that Chen Chu mentioned it, Wang Ying could only say, "Dianping has obtained investment from Google, but Meituan will increase its investment in the Shanghai group buying and takeaway market, and will never lose the Shanghai market!"

Compared with Dianping, which is vaguely in Dianping, another Ele.me that is doing takeaway in Shanghai universities, Wang Yan and Meituan have not cared too much. Even if they want to pay attention, they don’t have the energy. They have too many opponents. Ele.me is still far from being on Meituan’s blacklist.

Chen Chu just nodded, thought for a while and said, "Since Sequoia, SoftBank, and Goldman Sachs want to invest in Meituan's second round of financing, then invest!"

Hearing this, Wang Yan couldn't help but show joy on his face. Chen Chu and Chu Ke Technology are the major shareholders of Meituan. Although Wang Yan is the founding team of Meituan and has absolute management rights for Meituan, if he does not get Chen Chu's support, he may not be much better in the second round of financing.

Seeing that Chen Chu agreed to Meituan's second round of financing, Li Xing, who had been looking forward to Autohome's listing, was a little jealous. According to Meituan's current trend, Meituan's valuation will definitely exceed 10 billion US dollars in the second round of financing, and another Internet giant is about to be born.

But at this time, Autohome was still eager to go public. Without Chen Chu's consent, I'm afraid Autohome will never be available for the rest of its life.
Chapter completed!