Wandering the world of film and television begins with the golden years

In the group's meeting room. 😎🐨 ➅➈s𝓱𝓾𝓧.𝒸Ｏ𝓂 ♢🐻

Li Haoyu said calmly, "Although Good Group has recently started a strategy of burning money on subsidies, it has also enjoyed the benefits of burning money on subsidies."

"In less than a year, Haotuan.com has transformed from an unknown company into a new force in the group-buying industry."

Yu Ling, who was rather impatient, asked, "Then why should we abandon this strategy? Wasn't it very effective?"

Li Haoyu shook his head and said, "But this is at most a good start. Relying solely on subsidies and burning money is not a magic weapon for the company's development."

"If competing with Lashou.com is still just about burning money on subsidies, then frankly speaking, it's no different from spending money to buy users."

"As long as you're willing to spend a lot, you can naturally attract a large number of users looking to take advantage of deals in a short period of time."

"But this is not a long-term solution. The extensive approach of burning money on subsidies to expand rapidly is outdated. To stand out in the future, we must be more refined and commercialized."

"While cash-burning subsidies may seem like a surefire way to succeed, it only works in the early stages of an industry when everyone is figuring things out as they go."

"At that time, user loyalty had not yet been established, and burning money could easily attract users to your platform."

"However, once users develop a habit or even dependence on a product, it will be very difficult to poach them at a low cost, while a large investment would be counterproductive."

Huang Qingsen couldn't help but try to dissuade him, saying, "I agree that the boss shouldn't blindly burn money, but that doesn't mean we should give up on first-tier cities like Shanghai!"

Not only Huang Qingsen, but all the senior executives of GoodMeituan present were baffled and even found Li Haoyu's self-destructive actions utterly absurd. 💣ඏ 69Şђu乂.𝓬𝓞Μ 🔥♦

In their view, Li Haoyu's move was hardly a novel approach.

This is clearly courting death!

Lashou.com is now coming on strong, clearly aiming to seize territory. Before the battle has even begun, they are already willing to hand over their main strongholds in first-tier cities.

This is no joke!

If Li Haoyu didn't have such amazing prestige, and his strategic judgments had never been wrong, then...

They even suspected that Li Haoyu might have been drugged by his opponent.

Li Haoyu, however, knew perfectly well that although the tertiary industry had not yet surpassed the industrial industry, it was only a matter of time before it did.

Life services are non-standard products that require meticulous operation. They are hard and dirty work with extremely low gross margins, and are often businesses that giants look down on, but the market is actually big enough.

Haotuan happens to operate in the tertiary sector, specifically in e-commerce for the service industry.

Li Hao also discovered something very interesting.

Many people believe that the main user group of hotels is:

They are business travelers who travel to other cities for work.

According to actual data statistics, nearly half of the users of budget hotels in many cities, especially third-tier cities, are local residents.

This discovery not only allowed HaoTuan.com, a newcomer to the hotel and travel industry, to gain a foothold after a period of dedicated effort, but also... 🐍🐝 ➅➈丂卄𝔲ⓧ.cσᗰ ♝☜

The number of nights each room at Haotuan.com hotels stays has even reached the total number of nights on all travel websites combined.

"I understand everyone's concerns. Giving up on first-tier cities is only temporary. We will definitely come back. Besides, when I said giving up, I only meant giving up the competition with Lashou.com. We just need to maintain our position as one of the top three in the industry."

Hearing Li Haoyu say this, everyone's expression softened a little.

As a boss, you can't let your subordinates blindly execute company strategies that even they themselves can't convince themselves of.

So Li Haoyu continued to explain, "For Haotuan.com, to win in the fierce competition, it must either monopolize the supply or monopolize the demand."

"In cities like the capital and Shanghai, it is very difficult to monopolize businesses, but in third-tier cities, because there are fewer businesses, it is much easier to monopolize businesses."

"This way, good teams can profit in the smaller cities after their opponents retreat, quickly determine the winner, and then use the profits to subsidize the top cities to continue competing."

As for Lashou.com, it's not a concern at all. Even without Haotuan.com, it would be difficult for them to survive in the group-buying market.

Entrepreneurship is something that requires a certain level of dedication and passion to succeed.

He kept starting businesses, but he didn't treat them as a career; he only saw them as a business, a way for him to make money.

Even if some startup projects fail and investors lose all their money, his own pockets still get fatter.

Focus.net was also his brainchild, but due to the website's small size and limited development potential, he sold Focus.net without hesitation and cashed out.

Such a person cannot be called a failure, but it is also difficult for them to achieve great success.

From what I understand, Wu Bo is also very suspicious and finds it difficult to delegate authority to his subordinates.

Ever since a senior executive left for another website, he became wary of everything, even the smallest things. Wu Bo became even more distrustful of outsiders and more suspicious, trapped in a vicious cycle.

He trusted almost no one under his command.

He constantly doubted the loyalty of his subordinates.

Their management system reveals a trope that Lashou.com still employs a system reminiscent of the last century: a political commissar system. This not only places immense pressure on many regional leaders but also prevents them from fully utilizing their abilities.

Their employees don't know who the real leader is, or whose orders to follow.

There were even rumors that Wu Bo liked to have his close associates supervise the work of regional officials, euphemistically calling it "empowerment assistance."

In reality, it's all about planting spies.

This has turned what was once a harmonious place into one where there is no peace.

This form of decentralization is worse than not decentralizing power at all; it will only alienate those under your command.

The situation of Haotuan.com is exactly the opposite of that of Lashou.com.

In another startup with several co-founders, this decision might be difficult to pass collectively due to differing opinions.

Even if it is discussed and approved, a lot of time will be wasted communicating with and persuading others, thus wasting the best time.

Despite having gone through two rounds of financing, Li Haoyu still maintains absolute control of the company.

More importantly, when he was raising funds, he delegated his voting rights to the investors through voting rights delegation.

Even if his shareholding is less than 30% in the future, he will still be able to control more than half of the voting rights before Haotuan goes public.

In other words, Li Haoyu still has the final say on Haotuan.com. If necessary, he can make decisions on his own, and his will is the will of the company.

There is room for discussion and questions regarding the company's strategic decisions, but once a decision is made, it must be executed unconditionally.

Discussions can be democratic, and the process can involve brainstorming, but when it comes to implementation, someone needs to be responsible for making the final decision.

Huang Qingsen pointed out, "We invested so much time and money before, just to cover merchants and compete for users."

"If we withdraw so easily, wouldn't our competitors like Lashou.com be thinking they can just get away with it for free..."

Li Haoyu grinned mischievously and said confidently, "Don't worry, even if we don't want it, we'll make them pay a heavy price."

Everyone stared at each other, waiting for him to explain further.

"Don't worry, everyone. But there are some things we can't say out loud, or they won't work. Let's just wait and see."

Li Haoyu finalized the strategic guidelines for Haotuan.com.

His men immediately sprang into action.

……