The management level of a company determines the lower limit of a company, and the failure or fall of Groupon in the previous life is more due to the loss of control of Groupon's management. Historically, by mid-2011, Groupon had more than 15,000 employees. The company's management has not kept up with the growth of the company, and in order to make a profit, or to make the financial statements look better, Groupon has done a lot of short-sighted things. For example, some merchants who ostensibly offer extremely low prices are allowed to go online without review, ignoring the user experience, and gradually losing the trust of both merchants and consumers. Then transform into e-commerce and direct competition with Amazon, and the results can be imagined.

Although Zhou Shi is not optimistic about the future of group buying, he has not thought about giving up easily. What he wants to do is not just group buying but local life leisure and entertainment services, but before he buys or is acquired by Yahoo, he will find a way to make the bubble of group buying blow up very big. To this end, YELP entered the mainland and cooperated with Baidu to set up a group buying company, and both sides invested US$100 million each, accounting for 50% of the shares. As for the name, Zhou Shi, who never knew how to take a name, stole Meituan, Baidu originally wanted to add his name, but in the end he was embarrassed, think about it, do you want to call it Baimeituan?

YELP's globalization has been exploring a suitable management method, and the business environment of each place is different, and there is no universal approach. Coupled with the rapid pace of change on the Internet, how to adapt to this society and give appropriate authorization to local managers is a compulsory course for senior management teams such as Zhou Shi and Shen Haoyu. In this domestic Meituan, the management personnel are jointly responsible for both parties, but the key CEO candidate is external, and the candidate suggested by Zhou Shi is Liang Jianzhang, one of the founders of Ctrip. The man who founded Ctrip with Shen is studying for a Ph.D. in economics at Stanford and is about to graduate.

"I'm not optimistic about ......the group buying model," Liang Jianzhang said straight to the point as soon as they met

"What I need you to do is not group buying, but life services and local business. "Zhou Shi

"Is there any difference in this?" Liang Jianzhang thought that Zhou Shi was secretly changing concepts

"Of course, each country has different national conditions, and what is suitable in the United States is not necessarily suitable in China, so there is no unified model, group buying is only a temporary carrier, and its development to a certain extent will definitely cause aesthetic fatigue. I just need to use this knife to cut through the offline commerce market quickly and effectively. Zhou Shi said and said, and he believed what he said.

"I've listened to your views on the trillion-dollar offline market, but I'm still not optimistic. Liang Jianzhang

"Do you know the QR code?" Zhou Shi suddenly asked him an irrelevant question

"QR code, which is a kind of information storage, transmission and identification technology used in Japan, South Korea, the United States and Germany and other countries, is widely used in the management of various documents by public security, foreign affairs, military and other departments, which is a technology in the eighties of the twentieth century. Liang Jianzhang

"I'm very interested in this, Time Holdings has developed a patent for scanning QR codes, which is a closed-loop transaction system that can be completed by "server encoding - scanning code - decoding - execution". Specifically, in the future, anyone will be able to pay a specific user by scanning a QR code on their smartphone. Do you know what that means?"

"What does it mean?" Liang Jianzhang was stunned.

"It means that we can use smartphones or mobile terminals to create an era of electronic payment without cashless transactions, a payment method that gets rid of cash and credit card machines. This is not only an innovation in the financial payment industry, but also a revolution in the way of life of the public. Zhou Shi said passionately that this idea is not something that anyone can do after listening to it, and it is not a giant enterprise that wants to get involved.

“????” Liang Jianzhang was even more confused

"My goal is for customers to be able to make transactions as long as they have a mobile phone, and the recipient only needs a computer or mobile phone to see the transaction arrival in real time. At that time, the recipient only needs a piece of paper printed with a QR code and a smartphone to receive money anytime and anywhere, and the cost of payment transaction settlement will be greatly reduced. "Zhou Shi

"But what does this have to do with group buying?" Liang Jianzhang asked the key

"What's the matter???,Oh,We're not just talking about group buying,But catering, food, fitness, hairdressing and other life services,For example, you can expand to takeaway in China,Of course, it's not important,We serve life travel,Including hotels and B&Bs,After the popularization of smart phones,We will also increase efforts to popularize network taxi services based on mobile phone address positioning function,What we want to do is O2O,It's the sharing economy,It's the Internet technology to change the public's lifestyle......" Zhou Shi seemed to have fallen into madness, dancing excitedly.

Liang Jianzhang listened to many terms that he didn't understand, and felt that Zhou Shi was either a madman or a genius, but from the current point of view, it was extremely likely that he was a genius.

"But the penetration rate of smartphones is not high now!" After thinking about it for a long time, Liang Jianzhang finally made it clear that the key is the penetration rate of mobile Internet and smartphones.

"Don't worry about this, if you have an Android or Android smartphone with a rate higher than $100 and less than $200, will you still choose Nokia's feature phone?"

"I guess so, the standby time of smartphones is too short. Liang Jianzhang

"!!" Zhou Shi came back to his senses, what is this reply?

"If I had a power bank for business travelers, I could charge my phone two or three times, knowing that my smartphone could reply to emails at any time, view and process office documents,......" Zhou Shi

"If so, the penetration rate of smartphones should increase significantly," Liang said

"You may not know that I am a shareholder of Time Holdings and Guoke including Nut Mobile, and I can determine their direction to a certain extent, which is the goal of their efforts. Change life with technology, it is foreseeable that the future of O2O, that is, OnlineToOffline will have a great development, the group purchase model can naturally open up this market, we will even give up group buying in the future, but this is not important, the important thing is that we will seize the opportunity of O2O in advance, enter a broader market, such as domestic, we can open takeaway, online movie tickets, through a variety of high-frequency trading activities to bring traffic to their own website, and then develop other high-profit and low-frequency other services, such as business hotel reservations and so on...... We want to become the first choice for consumers to live, travel, travel and stay!" Zhou Shi, Meituan Dianping almost did it in his previous life, and I don't know if the current Meituan can succeed.

"Simon, your vision is big, I don't know if I can do it myself, but I am willing to work hard for this ideal......" Liang Jianzhang

It doesn't matter if you can succeed or not, you are Plan B, Zhou Shi smiled and welcomed the beam. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.