The world's richest man started by developing gutter oil

AutoNavi Taxi has been listed for years. In fact, the past two years have been in operational testing, and it was not until June last year that it was officially opened to private car registration.

After half a year of hard work, Gaode Taxi has reached agreements with 26 first-tier cities and 15 second-tier cities.

According to the strategic plan of AutoNavi’s management, AutoNavi will be available nationwide by the end of 2014 and is expected to provide 5 million jobs in the country in the next five years.

Half past two in the afternoon.

Office of the President of Shenlan Group in Nantian Pioneer Park.

At this moment, Han Chen was sitting at the tea table drinking tea with a well-mannered young man in a suit and tie.

The man was none other than Ren Jixun, the CEO of AutoNavi Taxi after it was spun off from AutoNavi Maps. The reason why Han Chen called Ren Jixun over was because AutoNavi Taxi had run out of money. Although AutoNavi Taxi had made money in the two years of trial operation, the expansion in the past six months had also used up all of AutoNavi Taxi's inventory.

"According to the report sent by AutoNavi Taxi, there are only 3000 million left in the account, right?" Han Chen asked as he poured tea for Ren Jixun.

"Yes, Mr. Han, AutoNavi Taxi is now in a state of rapid development, and the rate at which we are burning money is much faster than when we were in trial operation before. The monthly expenditure is basically around 3000 million, and the money in the account is only enough to support one month." Ren Jixun replied.

"I will let DeepBlue Capital inject 1 million yuan into AutoNavi Taxi. You should be prepared to raise funds from the public. The headquarters will no longer invest money in AutoNavi Taxi in the future," said Han Chen.

Ren Jixun couldn't help but frown when he heard Han Chen's words. The prospects of AutoNavi Taxi can be said to be bright, so why did the headquarters stop injecting funds into AutoNavi Taxi?

"Mr. Han, can I ask the reason?" Ren Jixun asked.

"How many online ride-hailing platforms have appeared on the market from June last year to now?" Han Chen asked.

"There are a total of 8 online ride-hailing platforms," ​​Ren Jixun replied.

"In the future, there will be more and more online ride-hailing platforms, and foreign capital will certainly not give up this track. If a platform wants to acquire customers, it will have to pay to grab customers, which also means that the company will need to pay money to the outside world for a long time. Even if AutoNavi Taxi has the backing of Deep Blue Group, AutoNavi Taxi will still need a lot of funds to subsidize the market.

The competition among online ride-hailing platforms will last at least five to eight years. To be the last one laughing, at least 60 to 70 billion yuan in subsidies will be needed. It would be better to use this money to engage in industry. The best way is to use capital to fight other capital.

After you returned, you changed the name of AutoNavi to Didi Taxi and completely separated Didi Taxi from Deep Blue Group. Then you spread the word that Didi Taxi was looking for financing and planned to be listed on Nasdaq in 2016.

The first round of financing released 10% of the shares to raise 10 billion US dollars. This money will be used for domestic business and expansion of overseas markets. "Han Chen said after taking a sip of tea.

Didi didn’t make a profit in its previous life, and whether online ride-hailing services can make a profit is still another question. Uber spent 300 billion US dollars before making a profit, and its first profit was only tens of millions of US dollars.

I don’t know how long it will take to make back the 300 billion US dollars.

Didi Chuxing is actually a project designed by Han Chen to defraud Americans. He uses Americans' money to subsidize Chinese people's taxi rides, and uses Americans' money to create jobs for the Chinese.

It is inevitable that artificial intelligence will replace drivers. Once artificial intelligence and autonomous driving technology mature, Han Chen will build a taxi-hailing platform and use this taxi-hailing platform to defeat Didi. By then, Didi will become a worthless platform.

Ren Jixun admired Han Chen's foresight very much.

He didn't expect that although Han Chen was not involved in the management of the company, he could see some problems that he could not see. The prospects of the online car-hailing platform are indeed bright, but behind this beauty is a mountain of corpses and a sea of ​​blood.

Especially when Ren Jixun heard Han Chen say: "The competition among online ride-hailing platforms will last at least five to eight years, and if you want to have the last laugh, you will need at least 60 to 70 billion in subsidies."

Ren Jixun even doubted whether he had heard it wrongly.

Can this war really last that long?
"Do you think what I said is a bit exaggerated?" Han Chen asked with a smile.

"Yes." Ren Jixun nodded.

"E-commerce is the industry with the lowest technical content and the lowest threshold. Online ride-hailing platforms are the same as online shopping platforms. As long as there is enough capital, they can survive. Look at how many years the e-commerce industry has been fighting. Online ride-hailing platforms do not have a rich product range like e-commerce. Online ride-hailing platforms have only one product from beginning to end. There is no such thing as product differentiation in online ride-hailing. Therefore, the struggle on online ride-hailing platforms is a hundred times more intense than that on TV." Han Chen explained.

Online ride-hailing services sell reservation services. There is no differentiation between platforms, unlike e-commerce which can differentiate itself by focusing on similar products.

In the absence of differentiation, online ride-hailing platforms can only compete with each other to see who is cheaper.

You have to know that it is human nature to take advantage of small bargains, and at that time users will only choose the cheaper one.

Just at this moment, Han Chen's cell phone on the tea table rang.

[Caller: Changsun Chuanfu]

"Chuanfu, what's the matter?" Han Chen asked after answering the phone.

"Brother Chen, we have acquired the Ice and Snow Honey City that you asked me to negotiate with. We paid 5 million RMB for 30% of their shares. In addition, DJI needs to conduct a new round of financing. Should we continue to invest in it?" said Changsun Chuanfu.

"Keep chasing the investment, invest as much as you can." Han Chen said.

"Okay, I got it. It's nothing else, I'm hanging up now." Changsun Chuanfu replied.

"Nothing else." Han Chen said and hung up the phone.

The reason why Han Chen let Zhangsun Chuanfu take over Snow King was not because Snow King was often on the screen in short videos, but because Snow King's profitability was very strong. If Snow King had not become popular in short videos, no one would know about Snow King, this low-key money-making king.

根据蜜雪冰城股份有限公司招股书进行预披露2019年、2020年、2021年，蜜雪冰城分别实现营业收入25.66亿元、46.8亿元、103.51亿元，实现净利润4.41亿元、6.31亿元、19.12亿元，其中2020年和2021年分别同比上升42.81%、203.09%，三年下来盈利已经超过30亿元。

No company with similar products can surpass Snow King in profitability.

Acquiring such a high-quality enterprise before it becomes successful will surely bring rich returns to DeepBlue Capital in the future.

Afterwards, Ren Jixun chatted with Han Chen for nearly half an hour before Han Chen let him leave Deep Blue Group and go back to the hotel to rest.

Ren Jixun also obeyed Han Chen's arrangements and orders. After all, he was just an employee of Gaode Taxi, and the actual controller of Gaode Taxi was still Han Chen.

Not long after Ren Jixun left, Yin Ruoyue came to Han Chen's office.

Yin Ruoyue was called here by Han Chen. She is currently working for Lei Luojun. "Honey, what's the matter with you calling me here?" Yin Ruoyue asked after she sat down.

"I plan to set up an insurance company. Last time I heard you say that you have a cousin who is a senior executive in Ping An. I want him to manage this company. I don't plan to own this company alone. I want China Development Bank to participate. Can you help me run this matter?" Han Chen said.

"Okay, I'll ask for you tonight, why did you think of getting into insurance?" Yin Ruoyue asked curiously.

"The purpose of doing insurance is to increase Deep Blue Auto's competitiveness in the market. I plan to launch a special insurance service for Deep Blue Auto. My insurance is different from existing insurance. Existing insurance is charged on an annual basis, while my insurance is charged on an hourly basis.

That is to say, when the car owner is not driving, the insurance will not deduct any fees, and will only charge fees when the car owner is driving.

In addition, we will also evaluate the premium based on the owner's driving data. Good driving habits can improve the owner's driving score. The higher the score, the lower the premium the company will issue. If the owner often engages in dangerous driving, the premium will be higher.

If the score is low enough, the insurance company may even refuse to insure the car owner. Doing so can not only greatly improve the driver's awareness of safe driving, but also significantly reduce the insurance company's compensation.

My insurance company only provides auto insurance and no other insurance." Han Chen explained.

"Hubby, you are so smart. If this insurance of yours comes out, it will definitely kill other insurance companies. No wonder you want China Development Bank to participate in your project. It would be strange if most people would not be killed by other insurance companies if they do this." Yin Ruoyue said after listening to Han Chen's explanation.

"Of course." Han Chen said with a smile.

"I will tell my grandfather and cousin about this tonight. I believe they will not reject this." Yin Ruoyue said.

To put it bluntly, Han Chen wanted them to make their family rich. Yin Ruoyue was a good example of someone who cooperated with Han Chen, because the valuation of DeepBlue Payment had reached 7000 billion, and the 10% stake held by Yin Ruoyue was valued at 700 billion.

Because Shenlan Payment is not listed, Yin Ruoyue has no way to cash out, but even if she can, she will not cash out.

She could not spend all the dividends she received from DeepBlue Payment every year, so she had no need to cash out her DeepBlue Payment shares.

"Thank you." Han Chen smiled.

"Honey, let's have a child." Yin Ruoyue asked Han Chen with narrowed eyes and a smile.

"You can come anytime you want." Han Chen grabbed Yin Ruoyue's hand and said.

"Then let's do it now." Yin Ruoyue said as she took Han Chen's hand and walked towards the lounge.

September 2014, 2, China time.

Han's Manor.

At this time, Han Chen was having breakfast with Gulina and Yin Ruoyue in the restaurant.

"Yueyue, I want to set up a non-public charitable fund. Are there any conditions required to start such a fund?" Han Chen asked.

"If it's a non-public charitable fund, it only needs to be registered. Hubby, do you have so much money that you don't know where to spend it?" Yin Ruoyue asked after taking a bite of the fried dough stick.

"Judging from the current situation, I really have too much money and nowhere to spend it. Can the funds injected into the fund be used for investment? Even if we use investment to achieve sustainable development." Han Chen asked.

"Wow, wow, wow, husband, how much money do you have now?" Yin Ruoyue asked with a smile.

"It's hundreds of billions in cash. I plan to take out 5 billion and use the money to buy stocks, all of which are used to buy stocks of the four major banks. Then the stock dividends will be used for charity. The bank stock dividend is about 50%, which means that this billion will be about billion a year. This money is enough for many charitable activities." Han Chen said.

"I can help you register the fund, but you have to find someone to manage the fund yourself." Yin Ruoyue said.

"Okay, I'll ask them to recruit people after I return to the company." Han Chen said.

"Honey, I've been bored at home every day lately. Why don't you arrange some work for me?" said Gulina.

Gulina has no work arrangements as the Chinese New Year has just passed, so she is now bored. Yin Ruoyue has to go to work at the law firm, so she is the only one left at home during the day.

"How about I make a TV series for you?" Han Chen said.

"Okay, okay." Gulina said happily.

"I asked them to buy a novel called Three Lives, Thirty Miles of Peach Blossoms. You can read the original novel when you are free these two days. I will ask Sister Qiu to make arrangements later." Han Chen said.

"Okay, husband," Gulina nodded.

After the three of them had their meal, Han Chen and Yin Ruoyue left home, while Gulina stayed at home and read the original novel of Eternal Love.

After arriving at the company, Han Chen received good news. After learning the news, Han Chen immediately went to the second phase.

After Han Chen arrived at Laboratory No. 8 of the Phase II, a large machine that was 30 meters long, 10 meters wide, and 4 meters high came into his sight. A group of workers in white coats were installing the outer shell of the large machine.

"Boss." Carol Pacheco greeted Han Chen quickly when she saw him coming.

"Tell me about the performance of this printer." Han Chen said.

"Boss, this printer can produce OLED panels with a maximum size of 2940x3370 mm, which is equivalent to the panels produced by the 11th generation LCD production line. The current maximum speed is 60 OLED panels of this size per hour, which is twice the efficiency of Canon's most advanced vapor deposition machine.

The density of Canon's most advanced vapor deposition machine is 5 microns, while the density of our printing machine is only 1 micron, which means that our precision is 5 times that of Canon.

In addition, the production cost of our printing press is only 30% of that of the vapor deposition machine. Not only the production cost, but also the equipment cost is cheaper than Canon's vapor deposition machine. The retail price of Canon's vapor deposition machine is 7 million RMB, and the cost of producing a printing press for us is only 5400 million RMB.

Our printing presses far surpass the vapor deposition machines produced by Canon in terms of both price and performance. The most important thing is that it only takes us four months to produce a printing press, while it takes Canon at least a year to produce a vapor deposition machine.

LCD manufacturers use our equipment to produce OLED at a cost similar to that of LCD screens. ” said Carroll Pacheco.

"Kaylor did a good job. The company will give you a personal reward of 1000 million RMB, a team leader reward of 500 million RMB, and the remaining researchers a reward of 100 million RMB." Han Chen said with great satisfaction. (End of this chapter)