Stronger by Paying Salaries and I Have 1 Billion Employees

For example, in the subsidy war between Quick and DiDi Dache, Li Yanhong ultimately chose to fund it out of his own pocket because he couldn’t find a suitable investor in time.

”But Ah Li didn’t participate in Meituan’s last financing round. I think Ma Liyun might have given up on us.”

Wang Huiwen said, pushing up his glasses as he analyzed the situation seriously.

”Old Wang, don’t worry. Ever since Chen Yansen’s 50-billion-US-dollar net worth was exposed, and with the three major e-commerce platforms hitting 30 billion in sales on Singles’ Day, capital from Europe, America, and the Australian Region is all watching China. With Meituan’s market position, do you really think we’ll have trouble finding investors?”

Wang Xin said dismissively.

”Brother Xin, I get it now.” Wang Huiwen gave a knowing smile, raising his glass to clink it against Wang Xin’s as a hint of delight flashed in his eyes.

Wang Xin narrowed his eyes and thought to himself, ’Senlian Capital and Qian Du Network may be strong, but Meituan is not weak either. It’s still too early to tell who will win and who will lose.’

He didn’t believe that Kuai Pao and Lashou Network could swallow the entire national Group Buy market.

’Subsidy wars can’t last forever. In the end, it all comes back to the fundamentals of business, where service and quality determine the winner.’

A short while later, after seeing Zhang Tao off, Shen Nanpeng returned.

Looking at Wang Xin, Shen Nanpeng didn’t say much. After a few perfunctory words, he left with his assistant.

”I hear Kuai Pao’s Hu City Branch is nearby,” Wang Xin suddenly asked. He knew that Pei Yi was based in Hu City year-round.

’Thinking of this, he really felt like paying a visit to his rival’s company and meeting his opponent face-to-face.’

「Meanwhile.」

Jingdong publicly announced that it had completed a new financing round of 700 million US dollars the previous day. Investors included the OTPP (Ontario Teachers’ Pension Plan) and Saudi Kingdom Capital, resulting in a post-money valuation of 10.5 billion US dollars.

In just two short months, Liu Qiangdong had secured a cumulative 1.1 billion US dollars in financing, and the company’s valuation had skyrocketed from 6 billion to 10.5 billion US dollars.