Chapter 434 I Can't Do Anything

Guazi used car started from the day his sister got married.

He got 200 million yuan in financing from him, and then he invested 1.5 billion yuan in this project.

He also introduced Tong Zelan, Shen Nanpeng and other big investors.

Up to now, Guazi used car has completed nearly 4 billion yuan in financing.

This is a huge amount of money for the entire used car industry.

Buying a car means losing money, and the price of buying a new car is often 30% off the moment you get it.

And used cars have no purchase tax, and they have been depreciated on the basis of new cars.

It can be said that as long as you don’t buy an accident car or a flooded car.

Choosing a used car is still a very rational and money-saving behavior.

The only obstacle to the development of this industry is the problem of customer trust.

Many used car dealers buy back those flooded cars at the lowest price and then sell them to customers at normal prices.

Over time, many people don’t trust the used car market.

Chen Pingsheng’s requirement for Guazi used cars is to solve the problem of customer trust.

Carry out three guarantees of quality.

Once this problem can be solved, with the size of domestic used cars, it is not a problem to support an Internet company with a market value of tens of billions.

After obtaining his investment, Guazi used cars quickly surpassed a number of peers.

The fundamental logic of Internet companies is still very simple. The beginning is to burn money in exchange for users.

Then use the huge number of users to obtain large amounts of financing in the capital market.

Use the capital money to quickly eliminate opponents and thus formulate new rules of the game.

Whether it is Didi or Meituan, it can be said that they have followed this routine.

The only difference is how much money they burn.

With his support, Guazi used cars have not encountered any decent opponents at all.

Those offline used car dealers are not enough for him to fight.

4 billion is enough to dominate a niche market.

Guazi used cars, which has been cultivated for nearly three years, is still a little short of real profitability.

But Internet companies have never determined market value based on profitability, but rather on user volume and industry status to judge valuation.

Jiang Jia, the earliest co-founder of Guazi used cars, is also the goddess of his brother-in-law Hu Lin’s class.

From the moment he got the financing, his fate can be said to have undergone a great turn of events.

It is no exaggeration to say that Chen Pingsheng now has an industry status in the capital market that is no less than that of the two Ma.

He just stopped investing in those traditional small industries due to his status, which does not mean that his voice in the traditional industry has disappeared.

Guazi used cars was the first Internet project he invested in, followed by Meituan and Pinduoduo.

Jiang Jia set up the headquarters of Guazi used cars in Beijing, and there is also a large branch in Shanghai.

She still has a small number of Guazi shares, but as long as it can be listed, it is still worth a few hundred million.

This is much better than working.

On the last day of February, she brought the Guazi team to Shanghai to meet Chen Pingsheng, the earliest angel investor of Guazi.

And submitted the specific operating reports of the past few years.

Even though Jiang Jia is already a co-founder of an Internet company and the largest female boss in the used car industry.

But she was still very nervous and uneasy to meet Chen Pingsheng, just like when she first wanted to get to know Chen Pingsheng through Hu Lin.

At that time, he was a film and television tycoon who had half of the entertainment industry's traffic and first-line celebrities.

The projects he invested in later were able to go public in less than a year, which completely established his title as the first investor in the traditional industry.

The Internet also named him the uncle riding a bicycle, which was about his investment in the civilian school beauty Chu Qiuyan.

On the other hand, Guazi Second-hand Car was definitely the slowest-growing of his investment projects.

Not only did it not make a penny in three years, but it also burned tens of billions.

Even so, people never interfered with their specific operations.

Perhaps it was unnecessary. According to the current size of Tengying Group, it still invested in those catering industries or traditional retail.

I'm afraid that people would say that it was bullying children.

As he said, what is the traditional catering or retail industry.

The couple worked hard to save hundreds of thousands to open a small store and worked day and night.

He went in and got hundreds of millions.

Ordinary people can't play at all.

This is the real reason why the country issued a red-headed document to restrict Ali, JD.com, and takeaway groups from entering the field of selling vegetables.

Such a large amount of capital is going to compete with vegetable vendors for business. If this is not restricted, it will only allow large capital to infinitely squeeze the living space of ordinary people.

Guazi is fine. From the moment it received financing, Chen Pingsheng's requirement is to solve the crisis of trust in used cars from customers.

18 years is not only the last opportunity for real estate to cash out, but also perhaps the last carnival of capital.

He said that he would complete the listing and cash out of Guazi before the times change.

Jiang Jia came to see him and reported the specific operations of these years seriously.

From the data, Guazi sales account for more than half of the market share of the entire Internet car sales.

It accounts for 15% of the national used car field, that is, one-seventh.

Even if there is no profit of a penny, there is no problem with the valuation of more than 10 billion.

This is indeed the case. Chen Pingsheng asked her to go to the Hong Kong headquarters.

Contact Guo Ziyi and Tong Zelan there, and let them preside over the IPO financing of Guazi used cars.

Tengying Group has a very complete capital team in Hong Kong, and it can be listed quickly as long as the data meets the standards.

This won't be too surprising, after all, he is no longer the same person he was three years ago.

A large number of capital tycoons have taken root in Tengying and grown into towering trees. It is really not easy for them to launch several tens of billions of listed projects.

Only those who have not yet entered this circle will find this process difficult to achieve.

Once the IPO is completed, Jiang Jia will also be able to achieve financial freedom.

He also owns half of the shares of Guazi. How much he can cash out depends on the IPO value.

Chen Pingsheng didn't care about it anymore.

In June this year, the World Cup, which has a global impact, will start in Russia.

This is the number one sport in the world and the largest gambling sport in the world.

By that time, I don’t know how many people in the country are going to be crazy about it.

It's a pity, Chinese football is definitely a world-class problem.

Every year they clamor to enter the World Cup, and every year they are spectators.

Zhang Wanyi came to see him with a document, "Uncle Chen, there are leaders of the Football Association who want to arrange for Leicester City to play a match with the national football team here in Shanghai."

He invested tens of billions in England to qualify to buy the club, and spent 1.5 billion in Leicester City to buy two world-class football players, Kylian Mbappe and Tintin.

In last year's Premier League, his newly acquired Mbappé was unstoppable, and he was unstoppable in the Champions League.

Even Tengfei New Energy, which is tied to Leicester City for advertising, has gained considerable global popularity.

The same goes for the antler coffee that was added later.

"Arrange for the national football team to fight them?"

Chen Pingsheng said strangely, "The national football team can play against a Premier League club. If we really play against each other, it would be like kicking a child. The leader wants us to pretend to play and boost the confidence of the fans, right?"

"They didn't say it specifically, but they hope that Uncle Chen can take the time to chat in person."

"Forget it, just refuse!"

Chen Pingsheng said: "We don't need to participate in domestic football, and we don't need to have anything to do with them. I can't train a domestic football champion. It is still possible to buy a world-class football champion in the club."

It's not a big secret that he bought Leicester City.

Many people also regard him as a football enthusiast, and the domestic football association sends out various invitations at every turn.

He participated in none of them.

Xu Tiezi was enjoying a great time in domestic football, but when the tide dissipated, he was still a feather in his cap.

People above are saying every day that there is a lack of young people playing football in the country.

And down there, a mother brought her child who likes playing football. If she wanted to play football, she had to pay hundreds of thousands before joining a more formal local team.

And if you want to make progress, you have to keep paying money, which directly drives the mother of the child crazy.

In the end, only children from rich families and leaders can afford to play football.

It would be hell if this could be good.

He has to admit that even if he has a golden finger, he can't play domestic football well.

This is more difficult than talking to Qin Shihuang.

Any big boss who enters with confidence will come out yelling.

Xu Belt is an exception, so he is great.