Well, I suddenly found that there was a small bug in the text, which didn't affect the reading, but it was better to change it, so many of the previous chapters were affected, and you don't have to worry about the changes made.

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Xiaohong's cup is that the content they are targeting is traffic-based content, so it has to be fast. A content ecological community with a soul and irreplaceability can develop slowly, such as a certain thing, such as station B, they don't.

Lu Yu left with a thoughtful look, and Chu Yuanxi also felt it, so he posted a circle of friends, mourning the little red account of the Ba people who had not succeeded-Xiaohong, you are also too fast! Why did we just spend the cost of building an account and haven't shown our strengths, why are you yellow! Only our family has the largest loss rate in the MCN of the whole network......

As a result, he found that the likers chatted, and usually sent out a circle of friends, with the scale of Chu Yuanxi's people, in the case of asking employees not to like, they basically have more than one screen of likes, but today there are only about thirty, what is the situation?

I don't think it's enjoyable, and he immediately sent another one - I just don't have any money, otherwise I will immediately make a social APP to fill the gap in the grass social network, and the interface will be copied according to Ins, and I will work in a month, perfect!

This time it's different, and it's suddenly lively below. The main thing is that now is indeed a good opportunity to make a social alternative to fill it, but unfortunately many people are not able to make a platform even if they have the ability to make an APP.

This opportunity only belongs to large manufacturers who already have mature social categories above designated size, because the time window is too short. Only by directly washing can you grab this pit position as quickly as possible, after all, Xiaohong is only removed from various download channels, not blocked, and the vitality is definitely damaged, but the speed at which the challenger opens the situation must exceed the speed at which Xiaohong recovers.

So Chu Yuanxi just said hi, he didn't plan to do it at all, but he didn't expect it to cause a group of demons to dance, some to praise, some to bet, some to incentive, and some to suppress, and then Zhang Ming actually left a message - do you need money? I'll invest in you, do it!

Chu Yuanxi hasn't chatted with Zhang Ming for a while recently, and it seems that it is time to blow the wind on him, at least closely, and then find an opportunity to blow the wind out naturally.

Chu Yuanxi replied - After thinking about it, I need to focus on my main business at the moment. Restraint, must restraint!

On the other side of the network, Zhang Ming fell into deep thought, because everyone understands the truth, the resources of the Toutiao system just meet all the hardware conditions for doing this social network, but not the soft conditions. The headline department has never established its own social attributes, and with the continuous service streets of Fei Chat and Duoshan, he has been very afraid, a company such a large company can't withstand three streets in a year in the same field.

Therefore, it can be done, but what about the APP? This opportunity headlines are really grasped? And what is the reason for seizing it?

Although it is also called social, it is still e-commerce socialization in the final analysis, with a ceiling, and it cannot develop into Weibo, let alone Ins. For other people, this is a transaction with a valuation of tens of billions, but for the headline system, even if it is done with great difficulty, it is a successful training, which is very chicken.

Therefore, it is a good option to engage in it through investment, and hand over the chicken ribs to the white gloves, and advance and retreat. By this year, Toutiao, an APP assembly line factory, no longer pursues everything and has to do it himself, and foreign investment has become a regular option in addition to developing a new APP.

However, Chu Yuanxi is too unpopular, especially the reply from this circle of friends made Zhang Ming angry, do you also know how to focus on your main business? Has your main business become selling snacks?

Thinking of this, he opened Chu Yuanxi's WeChat and sent: Really don't do it? This opportunity is very rare. You can do it through whichever subject you want.

Chu Yuanxi said in his heart, I can't do it through any subject, big brother! Why do you plan to take this opportunity to take a stake in Xiaokang? Now is not the time for Xiaokang to open financing to giants, as for the Ba people, the situation of the Ba people is the simplest, only a strategic-level exchange can allow Chu Yuanxi to release his share, or the money is really very much, breaking his mental defense.

To put it mildly, the situation of the Ba people is actually a bald lice in the industry, and any ambitious start-up that has recorded such a strong cash flow, especially if the cash flow continues without any signs of depletion, is nothing more than a few things. The first is to invest abroad and make a wide range of small profits; second, to establish a new direction of research and development, and to open up a number of new fronts to expand the territory; and third, to do mergers and acquisitions, whether cross-border mergers and acquisitions or vertical mergers and acquisitions. In short, no matter which one is the same, it is a large expense, and the money must be spent.

For example, Toutiao has an extremely abundant cash flow, so it has been fighting. On the e-commerce platform, he stabbed each other with Jack Ma's soft knife, and the e-commerce product of the headline system is called "Value Point", Jack Ma is scheming, and he is silent, and the value point fell into an ambush and was quickly defeated. Then Douyin had a B number in his heart, so he changed to launch an e-commerce diversion business, obeying Jack Ma's in-depth cooperation.

After that, the firepower was turned to social networking, and the penguin didn't even take a breath to give the headline two consecutive hits, Zhang Ming has always been bear-hearted, but for the time being, he can only continue to hibernate.

followed by a battle with Baidu for search, and then because of Top1, they sued each other for infringement. Relatively speaking, this is the most likely battle. For the headline department, a tie and scraping off a piece of the search field is actually a win.

In other words, Chu Yuanxi's core business of challenging BAT at the same time is to stay at Yuan Jing's words, but the headlines are already doing this!

The Ba people are different, of course, the income is not comparable to the headline system, but in terms of profits, the financial report of the headline system is a loss, and we will not investigate where the money is earned, anyway, the Ba people are significantly profitable. The money of the Keba people is basically only in and out, and the vast majority of the expenditure is the salary of employees and the content production cost of the existing product line, and a very small number is the expenditure on the purchase of copyright and Zhu Wei.

A rare large expenditure that can be seen at present is the robot content plan proposed by Chu Yuan Xixin. This is a new product line, but the cost is not too expensive, and it definitely costs less than 10 million to purchase robots, which is nothing compared to the income of the Ba people.

Therefore, it is said that doing self-media saves money, with small input and large output, leading a new economic era.

In fact, there are still two hidden bullets in the headline department, one of which is to buy a hammer to make a smartphone. Let's do this, Chu Yuanxi doesn't know about it, and we don't dare to ask, and we are extremely unoptimistic when we look at it in turn. Ali and Tencent are not capable of making mobile phones? Obviously not, but even Xiaomi OV was hit by Huawei's Shun Chop + Crit after the dividend peaked, can the hammer be counted on? This bullet is very likely to become a dud.

However, the other bullet is at least the Blossom Bullet level. Today, Toutiao has all the necessary conditions to enter the game field, and now it is a game that can really be played. Therefore, for the foreseeable future, touching the softest core of Antarctica is a sure thing, and the question of whether to develop a game in-house or publish it as an agent is unresolved.

Anyway, it's enough for pony to have a headache. It is also for this reason that Chu Yuanxi listed Zhang Ming as another potential buyer behind Jack Ma to acquire the Baren Games branch.

Therefore, rejecting Zhang Ming cannot be refused at will, and must be meticulous.

Chu Yuanxi's words to refuse are like this: Big guy, it is precisely because of the rare opportunity that you have to take into account that you may see several similar social products come out in the next month. Although Xiaohong is not the best, it does occupy a more profitable category, last year's GMV was almost 10 billion, and there must be big factories willing to try, I think there is no future for it.

Zhang Ming suddenly wanted to say: "I don't want you to think, I just want me to feel, listen to me!"

But this is too ashamed to say, just when he was struggling, Chu Yuanxi suddenly asked: Big man, you have also started to invest abroad?

Zhang Ming smiled slightly: Investment is inevitable, as for why? Because a good investment target must be invested. I don't vote for everything like Double Horse, and I only invest in the necessary additions to the headline ecology at present. You follow the news and you'll soon see our big moves.

Chu Yuanxi: This is also going to sell Guanzi? Is it a trade secret? Anyway, you have been buying the hammer for several months, can you use it?

Zhang Ming: It's not confidential, and we didn't deliberately cover it, okay? Now we can basically determine that we want to acquire Hubai, and then some F round of financing...... Well, we have to bid with Kuaishou Baidu, which is not very rational at the moment, and the valuation is very unreasonable.

Chu Yuanxi put the headlines system together with Baidu, Kuaishou, and Mouhu, and the inexplicable feeling was particularly incongruous. And Zhang Ming's meaning seems to be less resolute.

Soon, he frowned and sent a message: I think, you should be more irrational, at this time, don't care about the valuation, you have to go in anyway.

Zhang Ming: Your idea is too extreme, we must have thought about everything you can think of.

Chu Yuanxi: Have you ever thought about going in and stirring up peace? Not for positive cooperation, purely for destructive investment?

Zhang Ming didn't speak for a long time......

Just when Chu Yuanxi thought he was going to hide, he saw this paragraph appear on WeChat: You see that the problem is too superficial, how can the penguin allow me to go in peacefully? The only thing I need now is time, I don't need to beat anyone, I just need to live well. The time wasted on something doesn't matter to others, it can be fatal to me.

That's so subtle...... Chu Yuan Xixin said that if you change people, you may not be able to understand it, but this meaning actually means that the capital is holding a knife in the back.

The only reason why a company with a valuation of hundreds of billions of dollars can feel that time is running out is the investment agreement, which is the VAM clause. For a person like Zhang Ming with a bright entrepreneurial resume, he will basically not be subject to much difficulty before the B round, but after the C round, the various terms will never be so easy, and it is impossible to rely only on the scale of growth.

Although it is not as smart as in the original world, there must be complex standards for performance requirements. In particular, Toutiao has done Pre_IPO, and the valuation of more than 500 billion cannot be supported by advertising revenue alone.

So Zhang Mingcai said that the only thing needed is time, and what is needed is not to defeat anyone but to survive. Only when there is time can there be more room for business lines to expand, in order to convert scale into profits, and in order to win the gamble on capital.

But the problem is that Chu Yuanxi's perspective is completely different from Zhang Ming's, Zhang Ming is looking at it from a distance, and Chu Yuanxi is looking at it closer. Don't talk about any strategy yet, if Baidu wins, and then signs a strategic agreement, it will be a repeat of the scene of Sogou searching for the content of the official account.

You can directly search for a certain content in the Baidu engine, and a certain community with a huge room for growth is definitely welcome, and Baidu will get a mouthful of divine milk, what they lack most is content......

With the situation that the headline department is fighting with Baidu, let Baidu suck this mouthful of divine milk, maybe the coffin will be revealed, can you just accept a mutual hundred to satisfy?

I saw Zhang Ming send a smile emoji for the elderly: Now content is not a problem for me, my difficulty is to redefine the value of traffic. Baidu needs content support, and I want something deeper than that. Moreover, there are problems of its own, with more and more sinking users, and the community atmosphere of respecting professional and rational discussion is constantly being destroyed.

Chu Yuanxi said in his heart, you are embarrassed to say it! The Internet is a miasma caused by you people who have built a fence indiscriminately. But having said that, if he sat in Zhang Ming's seat, the fence would only be tighter. The so-called redefining the value of traffic is to increase the ARPU value. In the past, users were paid a dime a day, but now they are worth three cents, which redefines the value of traffic, but in order to define it in this way, the fence must be extremely strong, so that users can't get out.

In the same way, if it were him, he would have to take it at all costs. You must know that Chu Yuanxi doesn't dare to go to a certain place until now, only dares to pretend on Weibo, why? Because the Internet celebrity went to a certain place three minutes after he was stripped naked and hung out, there were many corpses. He called the heart a B number.

What does this mean? It shows that the user value is high. A certain characteristic is that only high-quality questions can get high-quality and a large number of answers, so ordinary users can worry, which is hot, must contain high-quality information. This kind of community atmosphere is prone to produce high-value users, and a user is not of high value, but by absorbing high-quality information on a certain level, the value is enhanced. Except, of course, those of professional zhuangbility.

To redefine the value of traffic, it is best to find those high-value traffic to define, and it is useless to find low-cost traffic.

It can be said that there are two extremes of a certain and the users on Douyin, one represents hard-core leeks, and the other represents entertainment to death, according to the United States strategy master Zhebzinski, the latter is called **Le. Although the former often has just gotten off the plane in the United States, if he has to choose a wave to cut, Chu Yuanxi still prefers to cut the former's leeks.

At this moment, Lu Yu suddenly sent a message, and on Weibo, the door opener responded.

Chu Yuanxi had no choice but to suppress the desire to continue to blow the wind to Zhang Ming, anyway, Zhang Ming estimated that he would be busy searching and content recently, and the game should not be the most anxious thing.

When I opened Weibo, I saw that the door opener was quite open, and he replied politely in a dumb tone. This reply is not a refusal, but it is full of distance, but Chu Yuanxi doesn't care, touching porcelain has always been "I call you, do you dare to agree"?

Chu Yuanxi's Weibo has not been kicked out by Lu Yu yet, so go back directly: Lao Tie doesn't have to be so polite, I think it's a good idea to use self-media as a new retail opening tool, and we're doing it too. If you have time to find a place where no one is around, discuss with each other about the operating model under the new economic pattern, it is beneficial for everyone.

Even in the WeChat group, if two people talk like this, the melon eater will shout "there is adultery" and then start to coax the seedlings, not to mention on Weibo.

Chu Yuanxi logged out after posting, completely regardless of whether others were dead or alive, and no matter what the headquarters of the Kaimenke thought of this Weibo, he had to prepare for a meeting with Guan Xin tomorrow. But the atmosphere on the side of the door opener is already quite weird.

The flagship store of Open Door opened today, and then because they also adopted Costco's annual membership policy, but there is no refund option. As an emerging start-up, they have no well-known reputation, so they have no brand appeal, and others don't know how much their opening entertainment activities are discounted at low prices.

So although there are people who pre-register, there are very few people.

Dumb's efforts on Douyin have had a very good effect, adding 100,000 fans, the problem is that these fans are also distributed at the ends of the earth, and those who are willing to prepay membership fees to become open-door members are better than nothing, which shows that the conversion rate is extremely low.

In this case, Chu Yuanxi praised Ah Dumb on Weibo, making Ah Dumb's face in the conference room like a pig's liver, unable to go up or down, especially the group of new executives, who looked at him with extremely strange eyes.

The reason why the flagship store is so unfree is that the competitive pressure is too great, not the supply chain competition or the price competition of goods, but as soon as the documents of the Ministry of Commerce came out, a large number of convenience stores like flies flew around the place, intercepting the normal passenger flow a lot. Their medium-sized supermarkets want to be lions on the grassland, while convenience stores are like wolves on the grassland, and the evil tigers are still inferior to the wolves, let alone lions.

So, seeing that it has opened, its own set of strategies that are not members do not give the door is simply eye-catching, and the key to the key has become whether the ground push activity on the day of the opening is powerful, and the force will catch the user on the spot, and the door will be opened in vain!

This is a great test of wisdom. It is said that this kind of thing should be solved by the Internet, solved by APP, and rely on food delivery to attract users to register, but membership fees have become a huge threshold in front of users. No refund, after the minds of Celestial Empire users have been washed away by the large-scale recharge card gameplay in the past two years, it will not work at all.