Zhang Yida also thought of the gambling agreement at this time, so he said: OK, you can make an appointment with the investors and sort out this matter before establishing a new group."

…

The next day.

Huimin Travel Company.

Four B+ round investment institutions, including SoftBank, GIC, Warburg Pincus, and Silver Lake Capital, all attended the conference.

Huang Xiaofeng handed a report to each of the major venture capital representatives and said: "Dear investors, the one-year gambling agreement signed by Huimin Travel with you has expired.

This is the result of statistics from Jiguang Big Data and Analysys Data. Huimin Bicycle has a market share of 83.2% in the entire industry with 9.15 million shared bicycles;

Calculated in terms of daily riding orders, last month we accounted for 81.6% of the industry's market share with 41.1 million daily riding orders, and this share is still increasing.

According to the gambling agreement, as long as Huimin Bicycle reaches 80% of the market share or breaks even, the gambling will be deemed completed.

Now that all our indicators account for more than 80% of the industry share, the betting terms are now complete!"

Warburg Pincus representative Smith smiled and said: "Mr. Huang, from a rigorous perspective, the authenticity of this data needs to be tested by a third-party agency."

"This is natural. Our data are very accurate. You can test it however you want."

Huang Xiaofeng changed his voice and said, "However, we also need to hire a third-party agency to supervise each other."

"OK, I like to be straightforward the most, and going around in circles is the least interesting."

Smith is an American and is relatively naked when talking about business. Just as he is afraid of fraud by the management of Huimin Travel, Huang Xiaofeng is also afraid of investors buying third-party testing agencies.

After all, it involves an equity gambling reward of US$120 million. Profit comes first and it is not a good test of human nature.

"Okay! Then let's hurry up and complete this work!"

Huang Xiaofeng added: "In addition, Mr. Smith, please stay in the capital for two more days. Huimin is traveling to hold a general meeting of shareholders."
Chapter completed!