Stronger by Paying Salaries and I Have 1 Billion Employees

This wasn’t about getting Ah Li’s endorsement at all; he was clearly looking for a scapegoat!

”Chang Wei isn’t willing to budge?” Ma Liyun asked with a frown.

’If Lu Zhaoxi could see through Chang Wei’s petty trick, then of course he could too.’

”He was never up to any good,” Lu Zhaoxi said with a cold snort.

”I remember that Cheng Wei, the founder of DiDi Bike, used to be the general manager of Wealth Treasure’s B2C division. Go talk to him,” Ma Liyun said, abandoning Little Yellow Bike without a second thought.

”Understood,” Lu Zhaoxi replied with a nod.

「On the other side.」

When Cheng Wei received the call from his old employer, he immediately accepted the olive branch extended by Wealth Treasure.

The ’Refund Anytime’ and ’Top-up for Deposit’ features could alleviate some user concerns, but ultimately, they weren’t as attractive as being ’Deposit-Free.’

’A huge deposit pool was nice, but you had to survive first.’

The one who truly couldn’t part with billions in deposits was Chang Wei, not Cheng Wei.

On March 8, DiDi Bike formally announced that it would adopt a ’deposit-free’ strategy. Users only needed to purchase 199 yuan of Yulibao and bind their Wealth Treasure account in their personal center to enjoy this benefit.

All at once, Little Yellow Bike users in the North China Region began uninstalling the app and flocking to DiDi Bike.

”DiDi finally has the strength to go head-to-head with OFO.”

After cozying up to the powerhouse that was Ah Li, Cheng Wei couldn’t help but sigh with emotion.

Immediately after, DiDi Bike began a large-scale deployment of shared bikes in the East China Region, entering into head-on competition with OFO.

But both Cheng Wei and Hu Weiyi were relatively restrained, tacitly keeping their subsidy policies for new and existing customers in line with OFO’s.

No one dared to rashly start a price war!

After all, the case of DiDi and Fast Taxi was a cautionary tale. Without over a billion in the bank, who would dare to make such a reckless move?

「At the same time.」

After a one-week trial operation in Hu City, OFO Shared E-bikes deployed another 5,000 electric vehicles and expanded its service area to places like Jinling, Luzhou, and Hang City, for a total of 50,000 vehicles.

As for its shared bike business, after Hu Weiyi and Wang Zihao successively deployed another 300,000-plus bikes in the East China, Central China, and Southern China regions, the total number now exceeded 500,000.

Combining the regular bike and e-bike businesses, daily revenue reached as high as 2 million Hua Yuan, with a gross profit margin of 13.7%. The estimated annual revenue could reach 1 billion Hua Yuan.

But with high initial investment and labor costs, at the current volume of business, the annual net profit wouldn’t even reach 50 million.

With DiDi Bike and Little Yellow Bike chasing from behind, if a price war were to start, let alone a net profit of 50 million, they would be considered well-run if they didn’t lose a few hundred million by the end of the year.