Chapter 20 Financing

Many media flocked to [Shennong Orchard] for interviews. [Shennong Orchard] is still very respectable. The public relations department only said that the company's strategic adjustment was not for any reason. It was just a normal arrangement of business activities. The media should not make false accusations and make too many mistakes. Interpretation.

This attitude made people from [Lituan Takeout] think it was weakness. As a result, [Lituan Takeout] started talking nonsense, saying that [Lituan Takeaway] had borne a lot of costs and supported [Shen Nong] in terms of distribution, ranking, materials, etc. Orchard] has an average loss of 5-6 yuan per order, but [Shennong Orchard] has been taking advantage of [Lituan Waimai] and made high extra profits, but it is unwilling to bear even a little bit of responsibility.

As soon as this news came out, everyone on the Internet was blaming [Shennong Orchard]. [Shennong Orchard] was furious. General Manager Su Shixian came out to respond. He angrily denounced [Li Tuan Takeaway]’s response as untrue, saying that it was originally [Li Tuan Takeaway]. 】 took the initiative to come to their company and request cooperation. When they first cooperated, [Shen Nong Orchard] also stated its conditions to [Li Tuan Waimai], and [Li Tuan Waimai] also agreed to their company's conditions.

But later, [Lituan Waimai] broke its promise. Not only did the ranking support promised to them often not be in place, but they also often launched online activities without the consent of their company, causing economic losses to their company. .

In the past, [Shen Nong Orchard] was based on friendly communication and a harmonious attitude to make money, and did not make the matter a big deal. However, I did not expect that [Li Tuan Takeaway] would go further and behave more and more excessively and domineeringly. It has not completely monopolized the market yet. It's already been exposed.

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

Su Shixian finally announced that [Shennong Orchard] will permanently terminate its cooperation with [Lituan Waimai] from now on!

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

Coupled with the push from some people behind the scenes, this matter has become very popular.

Many merchants have revealed true and false information on the Internet, revealing the toughness of [Lituan Takeaway], exclusive agreements, forced point draws, ranking control, etc.

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

[Lituan Takeaway] Naturally, we couldn’t let this matter continue. The public relations department came out to respond, shirking responsibility, hiring trolls to muddy the waters, and spending money to suppress the popularity and reduce popular searches.

This incident came and went quickly, and within a few days, it disappeared on the Internet.

After [Shennong Orchard] responded to the [Lituan Takeout] incident, it did not devote its energy to the quarrel. Instead, it recruited people and started developing its own takeout APP!

A basic APP costs about 200,000 yuan.

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

July 2016 has not yet arrived, but the online APP of [Shennong Orchard] has been successfully launched, named [Quick Purchase]!

UI.

The name "Quick Purchase" also means "Quick Purchase, Fast Delivery".

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

However, the technicians were not very skilled, so something always went wrong. This made Wu Siyuan very angry, and also disappointed some loyal old customers and gave up using the software.

But Wu Siyuan was powerless.

He Youman, who is in charge of the research institute of the group, has all his skills in [biotechnology] and cannot provide much help to Wu Siyuan in [Internet technology].

At this time, he realized why Huang Yuping always talked about the background and skills of [Qiandu Takeout]!

If Wu Siyuan could get all the technicians from [Qiandu Waimai], then today's [Quick Purchase] wouldn't have such minor problems and be criticized by others!

Now Wu Siyuan can only watch the progress of financing negotiations between Huang Yuping and [Qiandu Waimai].

Time enters the end of June 2016.

After many inspections and negotiations, [Chaoqun Group] and [Qiandu Waimai] reached an agreement on financing. [Chaoqun Group] invested US$98 million, occupying 6.6% of the shares, with [same shares, same rights], [priority] Stock calculation rights] and other terms.

Not only that, [Qiandu Waimai] will also send a team of technicians to assist [Shen Nong Orchard] in improving the online APP [Quick Purchase]!

[Shen Nong Orchard] launches [Qiandu Takeaway], eliminating all commission fees.

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

This is like inviting a great emperor home, but [Qiandu Takeaway] still agreed to such harsh conditions.

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

Wu Siyuan didn’t know that in a parallel time and space that he didn’t know, [Qiandu Takeaway] had no capital willing to invest in its B-round financing, and in the end it could only be [Qiandu]’s own “strategic investment.”

On the surface, it was announced that it had raised US$300 million, and Qiandu Waimai was valued at US$2.4 billion. However, the actual investment amount of Qiandu is still unknown.

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

When the market was good, the CEO of [Qiandu] Company was still saying that it had 50 billion in cash on its books and was planning to invest 20 billion yuan to enter. But now...it really corresponds to the sentence in the movie-it used to be called Xiaotian Sweet, now I call her Mrs. Niu.

On July 7, 2016, [Qiandu Waimai] announced the completion of Series B financing. [Qiandu] led the investment with US$200 million, and undisclosed investors invested US$100 million, with a total investment of US$300 million. [Qiandu Waimai] Valuation: US$2.5 billion.

[Qiandu Waimai] The president announced that the financing will be mainly used in four aspects, of which 40% will be used for platform construction, 20% for product research and development, 20% for category expansion, and 20% for marketing.

As soon as the news came out, it caused some waves in the capital market.

Many investors are asking who is the idiot who invested in this scam [Qiandu Waimai]. It’s true that stupid people have a lot of money.

Of course, there are also some people who believe that there are no so-called non-disclosed investors at all. It is a shameless operation taken by [Qiandu] Company because it is worried about losing face. All the financing was invested by [Qiandu] Company. After all, it is one of the three giants. Qiandu Takeaway, which was run by Qiandu himself, couldn’t even sustain Series B 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].