Chapter 577 - Hold Your Ground
For Riopot, going public is his top priority, and clearing the main hurdles before going public is his main job at the moment.
Therefore, the importance of the Chinese market can be imagined, and Blake did not realize the importance of the Chinese problem because his strategic vision was far from enough.
"Next, the company will systematically promote the listing work, and our initial goal is to achieve listing in mid-to-late 2004. "Before we go public, we want to make the company more than $20 billion in valuation, which is good for everyone." So we still have a lot of work to do, and we have a very tight time to do, and we have to work together and stop raising the bar for each other's interests. Next, stabilizing the Huaxia market and keeping our market share slightly increased will be of great help to raise the company's valuation, so I will mobilize a group of senior employees from the data analysis department to enter the Huaxia branch, focusing on analyzing the promotion methods of the Huaxia market and finding a more suitable way. ”
Leo Porter's current focus is to increase the company's valuation, so if the Huaxia market is not fully occupied, the global mall's ability to promote the market will be questioned by the industry, so he must try his best to do a good job in the Huaxia market.
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While Rioport was working hard for the expansion of the Chinese market, Xu Jinlin, the general manager of Dahua Fund Company, was not idle. At the beginning of the year, UOB Fund Co., Ltd. increased its investment in the Internet field, and officially took the Internet field as the focus of the company's future investment.
However, in the current Internet field, Li Feng's New Dream Group is the company with the best growth, which also makes Xu Jinlin feel very uncomfortable.
During this time, Xu Jinlin was paying close attention to the movements of the New Dream Group, and felt that the growth rate of this group was getting faster and faster, and if it continued like this, the total scale would even exceed that of Dahua Fund Company.
For more than a year, Xu Jinlin tried every possible means to create obstacles for Li Feng, but every time Li Feng was able to survive it, it did not affect his progress at all, which also made Xu Jinlin feel annoyed and helpless.
Now, the global mall has made a heavy hand, and the red envelope war of 200 million has started in the Huaxia market, which is a serious challenge for Li Feng, but his other opponent, Baibao.com, seems to be holding down, which makes Xu Jinlin feel a little incomprehensible.
For a long time, Baibao.com has paid attention to the latter strike, and generally does not take the lead, but this time the global mall made such a big battle, and Baibao.com still did not follow up, so it is really a bit abnormal to let the global mall sing a one-man show in the market.
For this reason, Xu Jinlin made a special trip to Nanhang City to discuss countermeasures with Long Yu of Baibao.com.
"Mr. Long, the current market situation must be very clear to you, the growth rate of the new dream group is very fast, and we can also see that the business system of this group is very large, involving all areas of the Internet industry, that is to say, once the group grows up, the entire Internet industry will be shrouded by them, and it is simply not allowed to let others live. Xu Jinlin said, "At the moment, do we have a good way to limit it?"
Long Yu's expression was lukewarm, it was the general trend for him to part ways with Li Feng at the beginning, but he still admired Li Feng himself.
"Mr. Xu, the New Dream Group is indeed huge, but Li Feng cannot control the entire Internet industry by himself, even if he has the ability, he can't reach it. So worrying that New Dream Group will monopolize the Internet is completely unnecessary. What we have to do is to do our part well. Long Yu said, "For example, now the global mall is engaged in a large-scale action to burn money to expand the market, which itself has hurt our Baibao.com, which is not in line with the spirit of cooperation between our two companies." What do you think about this?"
Long Yu has actually had an opinion on the global mall, after all, now the two sides are in the period of cooperation, and the global mall unilaterally started to burn money to promote the action, which itself violates the spirit of the original cooperation and has caused a great impact on the overall structure of the market.
"The focus of this action of Global Mall is aimed at the Taotao and Fortune Treasure online payment platforms of New Dream Group, and has nothing to do with Baibao.com. Of course, there may be some accidental injuries in the course of action, and I, as a shareholder of Baibao.com, will also remind them to pay attention. Xu Jinlin said.
He could see that Long Yu was actually quite dissatisfied with the global mall, and Long Yu must know that the cooperation between the two sides is short-lived, and the competition is long-lasting.
"New Dream Group has indeed posed a great threat to us in the field of e-commerce, but there are no less than a few global malls. After all, the expansion of New Dream Group is moderate, and it is not as quick as that of Global Mall. Now, we have also obtained sufficient funds on Baibao.com, and if we want to fight the red envelope war, we can afford to fight it completely. Long Yu said.
Xu Jinlin felt a little embarrassed, this time he came to Nanhang, originally to realize Baibao.com's restriction of Li Feng, but he didn't expect Long Yu to have such a big opinion on the practice of the Global Mall. It seems that Baibao.com and Global Mall are indeed two companies with completely different styles, and it is very difficult to bring the two sides together.
"Mr. Long, between your company and the global mall, no one can swallow anyone, the market pattern has been finalized, but the new dream group is different, they have just entered the e-commerce market, Taotao's qualifications are still very shallow, and it is good for both of you to crack down on it. Xu Jinlin said.
"Taotao.com is indeed our potential competitor, but they are not large at the moment, and for such small-scale companies, conventional restrictions are very difficult, and their playing style will be very flexible, just like a cannon hitting mosquitoes, our moves will often fail. Only when they develop can we find out where their weaknesses are and make targeted decisions. Long Yu said.
It's not that Long Yu didn't see the threat of Taotao.com, but now Taotao.com's market share is only 10%, and no matter how much it is restricted, it can roughly keep its market share. In addition, New Dream Group has formed a complete system, especially in traffic import, they rely on the strong advantages of Penguin chat software to continuously import traffic for Taotao.com, so no matter how they suppress it, they will rob some users.