Reborn multinational giant

Nowadays, the group buying industry is in a mess. Meituan wants to survive, either by constantly spending money on subsidies to kill its competitors, or tapping the depth of its business, enhancing user stickiness, and allowing users to stay on Meituan.

Originally, Wang Xiaoxing, who had nothing to do, planned to let Meituan complete the B round of financing as soon as possible, and continue to increase subsidies to fight with competitors. However, after hearing Fang Zhe’s remarks on O2O, Wang Xiaoxing felt that perhaps it is O2O or virtual Community service is the best way for Meituan to retain users and survive!

Group buying has low technical barriers, many competitors, and poor user stickiness. But as O2O, Wang Xiaoxing is confident that his team and Meituan can better utilize their strengths and advantages, establish higher barriers to competition and moat, and at the same time , Meituan can also take advantage of the popularity of O2O proposed by Fang Zhe, so that Meituan will receive more attention.

Of course, the most important thing is that Wang Xiaoxing, who was favored by Fang Zhe, was sitting in the cafe quietly stirring the coffee with a spoon, recalling the scene of his meeting with Fang Zhe almost last year.

Today's Fang Zhe's identity and status are even more different than at that time. It is not an exaggeration to say that Fang Zhe is the best group of people in the domestic Internet industry!

And Wang Xiaoxing can only be regarded as an outstanding entrepreneur in this industry. If Meituan can respond to Fang Zhe’s O2O concept in the first time, it will definitely win Fang Zhe’s great favor. Moreover, Wang Xiaoxing is true. I feel that O2O is the way out for Meituan in the future.

Rather than being the Nth supporter of the O2O concept in the future, it's better to be the first person to eat crabs. Anyway, start your own business two or three times, failure and fear of words, that has never happened before!

The one-day IT summit quietly came to an end. However, the content of this conference, especially the O2O concept proposed by Fang Zhe, has aroused a heated discussion in the entire domestic Internet industry!

Everyone's topic revolves around what O2O is and whether O2O is reliable or not. Since the O2O industry can give birth to the next BAT and even Huizhong, how can Huizhong's general manager easily reveal this concept and other issues have been discussed.

All in all, although the concept of O2O is hotly discussed in China, the voices of doubt are far greater than the voices of support. However, in the midst of such heated doubts and noise, Meituan, which is pivotal in the group buying industry, announced that the United States The group will fully transform O2O company!

As soon as the news came out, the entire domestic Internet industry was in an uproar. If some hot-headed entrepreneurs and ordinary small companies used the O2O banner to make eyeballs and deceive investment or something.

A company like Meituan ranks among the top three in the group buying industry. It is also considered a well-known startup company with a valuation of hundreds of millions of dollars in the entire Internet industry. It has also played the banner of O2O. In the end, Meituan really wants to transform to O2O. Or is it like some entrepreneurs and small companies, in order to gain attention?

My colleagues in the Internet industry all over the country have been talking about the news of Meituan’s comprehensive transformation of O2O companies. Many people are speculating that Meituan’s release of such news is likely to be inspired by Fang Zhe. After all, Huizhong is a shareholder of Meituan. For one, Meituan is also regarded as a Huizhong company. Fang Zhe puts forward such an O2O concept, and if there are few responses, wouldn’t it be detrimental to Fang Zhe’s face?

Just a few days after the announcement of Meituan’s comprehensive transformation of O2O companies was released, the founders or executives of companies that have investment relationships with Huizhong, such as Kuaan Taxi, Ele. Inviting interviews and other different channels or occasions, Fang Zhe expressed his support for the O2O concept proposed.

At the same time, they also revealed in their words that the company they founded or worked in is an O2O company, a service company in the new economy and new era!

As the founders or senior executives of many companies related to Huizhong have supported the concept of O2O on different occasions, other companies in the domestic Internet industry such as Netease Ding, Sina Cao and other bigwigs, as well as Internet industry leaders such as Mr. Li Famous people have also begun to express their views on the concept of O2O, and most of them have gradually changed from the initial questioning to support!

For a time, O2O became one of the hottest topics and outlets in the domestic Internet industry. Many entrepreneurs even regarded the concept of O2O as an entrepreneurial treasure and the central idea. All parts of the country have quietly started to start under the banner of O2O. Agitation.

Fang Zhe did not expect that Meituan was the first company to respond to and support his own O2O concept. Originally, Fang Zhe thought that after proposing this concept, he would have to be questioned and discussed by domestic Internet colleagues for at least a few months. Everyone's attitude will gradually clear up, and only then will companies with influential in the industry begin to support and support their own O2O concept.

As for letting Fang Zhe instruct or instruct those related to Huizhong, such as hungry, Kuaian taxi and other companies that are essentially O2O, support the concept of O2O. Fang Zhe is not that hesitant. He proposed this concept to give The domestic Internet industry has pointed out the future development direction, and pointed out many entrepreneurs with active thinking about entrepreneurial opportunities. As for the doubts from the outside world, how can Fang Zhe care?

It’s not that Huizhong doesn’t want to incubate and nurture the next BAT or even Huizhong by itself. It’s just that the O2O industry is too big. Even if Huizhong harvests Meituan, it is worth tens of billions of dollars for Uber, etc. Of companies, there are still countless entrepreneurial opportunities in this industry.

Besides, this industry is big and has great development prospects, but it is too tiring to do it, and it burns too much money. In the past, Didi and Meituan did not make a profit until they went public for seven or eight years. Zhe would spend so much money to raise these companies unless he got his head.

Investing in these companies in the early stage, waiting for the listing or exiting from the listing, this is one of Fang Zhe's attitude towards O2O companies and the hype about O2O concept!

"Since Wang Xiaoxing is so sensible, then Meituan's Series B financing, and Huizhong, will invest more money!"

Originally, Zhongying Capital and Huizhong had already invested in Meituan’s angel round and Series A financing, and won 15% of Meituan’s shares. In the future, Fang Zhe does not intend to increase his stake in Meituan, one is to ensure Wang Xiaoxing’s team’s control rights, the other is that you don’t want Huizhong to participate in the Meituan too much, otherwise, it will be difficult to withdraw if you want to withdraw in the future, because the plate is too big, and it is hard to find the link.

However, seeing that Wang Xiaoxing is so sensible and Meituan has transformed the 020 company more than two years earlier in this life, its development speed and achievements are bound to be much better than the previous life.

When Meituan was listed in the past, it had a valuation of nearly 50 billion U.S. dollars. The valuation of Meituan in this life should only be higher than this number. In this way, Huizhong now has an investment of only tens of millions of U.S. dollars, waiting for seven or eight years. The return on investment is at least several billion dollars!

At the same time as the domestic Internet industry was enthusiastically discussing the concept of O2O from questioning to supporting it, and at the same time that the O2O entrepreneurial trend was blowing up across the country, Fang Zhe received a report from Li Wenhui in his office, which surprised and shocked him. 'S message:

"Apple's founder, Steve Jobs, will visit China at the end of April, and one of Steve Jobs's visits to China is Huizhong, which has an investment relationship with Apple!"