Stronger by Paying Salaries and I Have 1 Billion Employees

’It was nothing like a decade later, when its market value would plummet by ninety percent, not even reaching half of Feiyu Technology’s valuation.’

Seeing that the tour was more or less over, Zhou Jiancheng led Chen Yansen into his office. They all sat down, chatting casually over tea.

Zhou Jiancheng had heard from Min Jie that right after selling FoxTao to Ali, Lotte, and Augusta, Chen Yansen had immediately founded a new company whose main business was still product sales and marketing.

This sparked an idea in Zhou Jiancheng’s mind. He understood that Chen Yansen was planning to start over from scratch.

Moreover, after Ali formed the New FoxTao, he had no confidence that Meiters’ brand partnerships with New FoxTao would be as effective as before.

He knew the temperament of those Ali account managers all too well.

Therefore, he wanted to use this opportunity to strengthen his cooperation with Chen Yansen.

Seeing Chen Yansen just sipping his tea, seemingly with no intention of discussing a partnership, Zhou Jiancheng started to grow anxious.

Although FoxTao and Banggou had helped the group deal with some of its inventory, they had only managed to move about 30% of it.

To be honest, there was still at least 2 billion worth of overstocked goods in the warehouses.

Last year, he could still tough it out. This year, he had resigned himself to his fate. As long as he could sell the stock, recover his costs, and free up his cash flow, he didn’t care about the rest.

Min Jie, standing to the side, noticed the look on his boss’s face and quickly asked with a smile, ”President Chen, I heard that aside from Orange Technology, you have a new project?”

”Are you interested, President Min?” Chen Yansen took a sip of tea and asked with a smile in return.

His business trip to Hu City was just a casual excuse.

He didn’t really care whether he met with Zhou Jiancheng and Min Jie or not.

His new project did need firsthand industry resources, and Meiters was one of them. But for this kind of partnership, he could have just sent Song Yuncheng or Zhang Yifeng. There was no need for him to make the trip himself.

”President Chen, if it’s convenient, could you reveal a bit about the business model? If there’s a suitable opportunity, Meiters will definitely support your new venture,” Min Jie probed cautiously.

”There’s no harm in telling you. It’s similar to the FoxTao model—a flash sale site for brands. But this time, we’re not a shopping guide; we’re building a platform.”

Chen Yansen glanced up at Min Jie and said nonchalantly.

Since Min Jie had brought it up, he had no intention of being secretive. After the National Day holiday, everyone in the industry would know anyway.

’Building a platform?’

’This kid just sold FoxTao, and now he’s starting from scratch again to compete with Taobao and Jingdong?’

Even Zhou Jiancheng couldn’t help but admire Chen Yansen’s audacity.

After all, the e-commerce market share at this time was almost completely devoured by Taobao, Jingdong, Sunning, and Amazon. Snatching food from the mouths of these giants was easier said than done.

Banggou Network had been online for a whole year. If FoxTao hadn’t been driving traffic to it, its annual sales probably wouldn’t have even reached several tens of millions.

”President Chen, if there’s anything you need from Meiters, just say the word,” Zhou Jiancheng declared.

The subtext was that Meiters was willing to be one of the first merchants to join the platform.

”Thank you for your support, President Zhou. But the project is still in the preparatory stages, and the product is still in development. If we need anything later, I’ll have Director Song contact President Min.”

Chen Yansen pushed Song Yuncheng into the spotlight, replying with a smile.

Song Yuncheng had an excellent performance record in the key accounts group. Chen Yansen planned to have her continue managing KA merchants in the new project, which would both hone her negotiation skills and expand her network of resources.

”Alright.” Hearing Chen Yansen’s reply, Zhou Jiancheng knew he couldn’t press further. He understood that being impatient wouldn’t help, so he changed the subject and began talking about the difficulties the clothing industry had faced in the past two years.