Reborn multinational giant

If the advanced technology represented by Alpha is so popular on this side, and the prospects are bright, on the other hand, the previous few years have been brought to the forefront by capital, which can be described as the hottest sharing economy in recent years, but recently began to wander the edge of the bubble rupture.

When it comes to the sharing economy, the first thing that comes to mind is the bicycle sharing, which is known as the representative of the sharing economy.

While sharing bicycles in the first two years was flourishing, the industry boasted countless times, even official media, that it was one of the four major inventions of the new era that could be driven alongside mobile payment.

But all this, since last year, has changed quietly.

Under Fang Zhe's butterfly effect, the economy of sharing and bicycle sharing were born earlier than in the previous life.

From the beginning of 2013 to 2014, Kinshasa River, Jingwei China, crowd wins capital, Huizhou, Alibaba and other well-known venture capital funds and Internet giants entered successively, sharing the entire economic industry, sharing bicycle start-up companies, gaining a rapid expansion like Miao Miao.

Just to take the example of sharing bicycles, now two of the biggest delegates, ofo and mobiles, at the end of 2013, the two companies that had just started were just playing haunts on campus or in a few blocks, and now they have bicycles all over the country and many places around the world.

Even when Fang Zhe visited Africa some time ago, he saw Mobai bicycles at United Nations Headquarters in Africa, which shows how fast the markets of the two companies have expanded.

Corresponding to the rate of market expansion is the valuation of the two companies' crazy growth.

At the beginning of 2014, when Zhongwei Capital started participating in the Pre-A round of financing of ofo, ofo's valuation was only 40 million yuan, and by the second half of 2014 to the first half of 2015, in just one year, ofo completed five rounds of financing such as A, A +, B, B + and C.

Today, ofo's valuation on the market is as high as four billion dollars!

From 40 million yuan to 4 billion dollars, the value of ofo has grown nearly 700 times in three years, and at the same time it has expanded with the ambition of ofo bicycles and founder David, which are nowhere to be placed in the streets and alleys.

“We want to create a city sharing plan around ofo that meets the diverse needs of people, ofo's goal is not just domestic, but the whole world!"

Last summer, when OFO's bike was launched in Singapore, OFO's talented student founder David spoke eloquently.

And now, after a year, as time passes, under the bright glory of ofo, hidden dangers and dark currents have begun to creep.

“There's almost no money in the company's account!" When CFO Zhang Zheng of ofo told David the news, David nodded carelessly and then picked up the map on his desk and handed it over, saying:

“I've mapped 18 more cities on the map, and that's our goal for the second half of this year, and by the end of this year, we'll have over 50 countries and regions around the globe!"

Looking at Zhang Zheng's worried look, David walked to him and shoved the map into his hand, patting him on the shoulder and comforting:

“All right, my Father of Wealth, don't worry about the money. The market wants us so much, but you can't see it. Later, you call a few investors and reveal the news that we intend to carry out a new round of financing. Then you'll see if you can count the money and get a cramp!

Our company's main strategic goal now is to capture the worthwhile global market before Mobai, and I believe that when our bikes are on the streets of Wall, it is time for our ofo valuation to exceed $10 billion!

At that time, when we are listed in Nasdaq, all investors will win the pot, and they will have to thank us for our willingness to give them a chance to get in the car! "

David's confident tone infected Zhang Zheng. Perhaps other startups need to worry about the money, but it's not necessary for OFO to have a smooth journey and be sought after by countless well-known venture capital funds!

“Tonight I'll do the east, Sanlitun old place, you call everyone else, we won't get drunk!"

When Zhang Zheng left, David specifically told him that, in his view, it was time to set up a group and release the pressure on everyone.

In the middle of the night in Sanlitun, the voice of the dogs and horses, the flowers and wine place, David would never think that a week later, he would have the same anxiety and anxiety as Zhang Zheng.

“Several investors behaved very cold, not as enthusiastic as before. I listened to one of them. They seemed intent on pushing Mobai to buy us, otherwise, they would not consider investing in any of us alone!"

“Mobai bought us?" David listened to these insults and almost threw the glass on his desk on the ground.

“We have a higher valuation than it and a bigger market share than it, why did it buy us instead of us?" asked David, depressing his anger.

Zhang Zheng hesitated for a moment and gave an answer:

“Because the biggest push behind this acquisition is Huihui, the first shareholder of Mobai, and Huihui is only the second largest shareholder after you here!"

“Gather the crowd! Fang Zhe!" mentioned the two names, and David's teeth were squeaking.

After more than three years of entrepreneurship, David's attitude toward the crowd has been changing.

At the beginning, the crowd-winning capital entered OFO's Pre-A round of financing, making David extremely grateful and excited. At that time, David was like a grasshopper who was received by the Emperor. He did not expect that OFO's silence could actually receive the favor of crowd-winning capital, the top venture capital.

It is also because of the investment to win capital for the crowd, ofo's fame in the venture capital circle, thus opened ofo's brilliant road for nearly three years.

Over the past three years, numerous well-known ventures at home and abroad have competed to invest in ofo and to catch a fast train that shares the economic climate.

Including the conglomerate, the top giant invested in ofo in several rounds of financing such as round A, round A +, round B, and round B +.

However, since the start of the C round of financing of ofo in 2015, the conglomerates have stopped participating in the financing. From 2015 to the present 6 rounds of financing of ofo, the conglomerates have just watched.

But even so, the conglomerate who took over the winning capital stock is still ofo's second largest shareholder, which makes David hate itchy teeth.

In David's view, ofo's valuation could not be improved rapidly because of the crowd's lack of interest, otherwise ofo's current valuation would have exceeded $10 billion.

And now, the Huizhou people are against themselves, even if they don't invest themselves, they actually "tempt" other investors not to invest.

Want to eat ofo?

David can never accept the fate of his handcrafted ofo being bought!