Stronger by Paying Salaries and I Have 1 Billion Employees

Fast Taxi currently held the advantage in funding, technology, and market share, but with major capital entering the field, DiDi Dache would quickly close the gap.

’A slow and steady pace of expansion might seem stable, but it’s no different from slow poison.’

’Before Cheng Wei can react, I should copy Kuai Pao’s ’Thousand Talents, Hundred Cities Plan’ for Fast Taxi and focus on boosting the daily order volume for now.’

’In the future, even if there’s a merger and restructuring, the one with the largest market share will be the one calling the shots.’

”Boss, I understand.” The smile vanished from Cheng Weixing’s face. A moment ago, he had been feeling smug about capturing 80% of the market share, but now his hands and feet felt ice-cold, his heart sinking as if plunged into an ice cellar.

’He knew it. He had grown complacent!’

’In terms of ample funding, DiDi Dache was no slouch either. Their valuation was admittedly lower than Fast Taxi’s, but Cheng Wei understood the importance of ceding equity. Despite losing his controlling stake, he maintained the posture of someone ready to fight to the bitter end.’

’Was Cheng Wei stupid?’

’Not at all!’

’In the A-round financing, Today Capital acquired 20% of DiDi Dache’s equity for just 2 million. Back then, Cheng Wei’s own stake was only worth a little over 7 million. By the D-round, the valuation had soared to 4 billion. Although his shareholding had shrunk from 72% to 34.3%, it was now worth 1.37 billion—an increase of nearly 200-fold.’

’Meanwhile, the ”smart guys” in the eyes of ordinary people, like the founder of Yaoyao Zhaoche, were too obsessed with their equity. He successively rejected investments from Penguin and Huaxin and ended up being crushed by DiDi and Fast Taxi before he could even reach his goal of 1,000 daily orders.’

’Only by learning to cede control and leverage the strength of others was there any chance of success.’

Seeing that Cheng Weixing understood, Chen Yansen said no more.

The group took the elevator to the 16th floor. Fast Taxi’s offices occupied the 16th, 17th, and 18th floors, with over a hundred people on each level.

Since it was the weekend, there weren’t many employees around.