I collect gold fingers in the heavens

Chapter 200 Financing
Many media flocked to [Shennong Orchard] for interviews. [Shennong Orchard] is still very face-saving. The public relations department only said that the company’s strategic adjustment has no reason. read.

This kind of attitude made [Lituan Waimai] think it was weak, and as a result, [Lituan Waimai] uttered nonsense, saying that [Lituan Waimai] had borne a lot of costs and supported [Shennong] in terms of delivery, ranking, and materials. Orchard], with an average loss of 5-6 yuan per order, but [Shennong Orchard] has been taking advantage of [Lituan Waimai], earning high extra profits, but unwilling to take even a little bit of responsibility.

As soon as this news came out, [Shennong Orchard] was criticized on the Internet. [Shennong Orchard] was furious. The general manager Su Shixian came out to respond. ] He took the initiative to come to their company and asked for cooperation. When they first cooperated, [Shen Nong Orchard] also stated their conditions to [Lituan Waimai], and [Lituan Waimai] also agreed to their company's conditions.

But then [Lituan Waimai] broke their promises, not only because the ranking support promised to them was often not in place, but also, without their company’s consent, they often went online without authorization, causing economic losses to their company .

Before [Shennong Orchard] was based on the attitude of friendly communication and making money with harmony, and did not make things big, but I did not expect [Lituan Waimai] to make more progress, and its behavior became more and more excessive and domineering. It has not yet completely monopolized the market. It's already revealed.

[Shen Nong Orchard] completely disdains to associate with such a company.

Su Shixian finally announced that [Shen Nong Orchard] will permanently terminate the cooperation with [Leituan Waimai] from now on!

This response was very strong, and immediately mobilized the enthusiasm on the Internet.

Coupled with the help of some behind-the-scenes people, the heat of this matter is very high.

Many merchants have revealed true and false news on the Internet, such as the toughness of [Leituan Waimai], exclusive agreements, mandatory lottery, ranking control, etc.

It seems that the world has been suffering for a long time.

[Lituan Takeaway] Naturally, we can't watch this matter continue. The public relations department came out to respond, shirk responsibility, and hired trolls to muddy the water, and spent money to suppress the heat and reduce the trending searches.

This matter came and went quickly, and within a few days, it dissipated on the Internet.

After [Shennong Orchard] responded to the incident of [Lituan Food Delivery], they did not devote their energy to quarreling, but recruited troops and started developing their own food delivery app!

A basic APP needs about [-].

There are already mature architectures on the market, and it is not difficult to develop them.

Before July 2016, the online APP of [Shennong Orchard] has been successfully launched, named [Quick Shopping]!
UI.

The name [quick purchase] also means [quick purchase, fast delivery].

But the development of APP is simple, but the operation process is a bit stumbling, with constant bugs, and technicians have been debugging.

However, the technicians are not very skilled, so there are always problems, which makes Wu Siyuan very annoyed, and also makes some loyal old customers disappointed and give up using this software.

But Wu Siyuan was helpless.

He Youman, who is in charge of the research institute of the group, focuses on [biotechnology], and cannot provide Wu Siyuan with much help in [Internet technology].

Only at this time did he realize why Huang Yuping always talked about the background and skills of [Thousand Degree Waimai]!

If Wu Siyuan could get all the technicians of [Qiandu Waimai], then today’s [Quick Shopping] would not be criticized for its constant bugs!
Now Wu Siyuan can only watch the progress of financing negotiations between Huang Yuping and [Qiandu Waimai].

The time entered the end of June 2016.

After many investigations and negotiations, [Super Group] and [Qiandu Waimai] reached an agreement on financing, [Super Group] invested 9800 million US dollars, occupying 6.6% of the shares, owning [same shares, same rights], [priority] Share calculation rights] and other terms.

Not only that, [Qiandu Waimai] will also send a team of technicians to assist [Shennong Orchard] to improve the online APP [Quick Shopping]!
[Shennong Orchard] launched [Qiandu Waimai], free of all commission fees.

In addition, [Shennong Orchard] will also send a financial officer to [Qiandu Waimai], who has the right to know about all situations and supervise the financial use of [Qiandu Waimai].

This is inviting an overlord to go home, but [Qiandu Waimai] still agreed to such a harsh condition.

There is no other reason, no one in the capital market is optimistic about it.

Wu Siyuan didn't know that in the parallel time and space he didn't know, there was no capital willing to invest in the B-round financing of [Qiandu Waimai], and in the end it could only be the "strategic investment" of [Qiandu] company itself.

It was publicly announced that it would raise US$3 million, and [Qiandu Waimai] was valued at US$24 billion, but the actual investment of [Qiandu] is still unknown.

After all, for [Qiandu] company, [Qiandu Waimai] is a money-losing product.

When the market was good, the CEO of [Qiandu] was still saying that there was 500 billion in cash on the books, and he was going to invest 200 billion in it first, but now... really echoed the sentence in the movie - it used to be called Xiaotian Sweet, now she is called Mrs. Niu.

On July 2016, 7, [Qiandu Waimai] announced the completion of the B round of financing. [Qiandu Waimai] led the investment of 7 million US dollars, and undisclosed investors invested 2 million US dollars, with a total investment of 1 million US dollars. [Qiandu Waimai] The valuation is 3 billion US dollars.

[Qiandu Waimai] The president publicized that this round of financing is mainly used in four aspects, of which 4% is used for platform construction, 40% is used for product research and development, 20% is used for category expansion, and 20% is used for marketing.

As soon as the news came out, it still caused a little waves in the capital market.

A lot of capital are asking, who is the idiot who invested in the scam of [Qiandu Waimai]? He is really a fool with a lot of money.

Of course, there are some people who believe that there is no so-called undisclosed investor at all, it is [Qiandu] company’s coquettish operation for fear of losing face, all financing is invested by [Qiandu] company, after all, one of the three giants Yi's [Qiandu] personally operated [Qiandu Waimai], but it couldn't even survive the B round of financing, which was a bit of a slap in the face.

In any case, [Qiandu Waimai] has obtained financing and has the capital to survive temporarily.

However, there is still no capital to be optimistic about [Qiandu Waimai].

(End of this chapter)