"Our purpose is to build a channel between the Internet and offline life, use the power of the network to activate the precipitated resources, and optimize the existing business model. This is the subversion of tradition, which will inevitably bring a lot of disputes and moral impacts, which is our biggest challenge, and it is also the only way for us to move from success to greatness......" Zhou Shi stood on the stage again after many years and bragged, and he didn't know if the level had progressed, but seeing the hula applause, he knew that now it was at least more convincing than before.

This time, he added Airbnb and Internet ride-hailing services to his vision to provide a complete offline life solution for mass consumers. There is no doubt that this is a trillion-dollar market, a highly imaginative and explosive market.

"Do you have confidence in such a cause?" Zhou Shi

"Yes! We're the best!" The audience responded violently that seemingly beautiful things often contain unimaginable traps, not that Zhou Shi's trillion dollar idea is difficult to realize, but that there will be different effects in different business contexts. Just like the O2O model, the development in China is far more developed than in the United States and Japan. 2O is actually the cooperation and competition between Internet companies and offline entities, and the opponents faced by Huaxia and American Internet companies are not of the same magnitude. B&Bs and taxi services naturally have development prospects, but in the face of fierce market competition, whether they can stand out is a big problem. No matter how good the business model is, it depends on who executes it, and it is also Taobao B2C, not everyone can become Jack Ma.

Although he was touted a lot, Zhou Shi was still able to keep a clear head and know what he wanted to do and what he wanted.

The communication with the investors was very smooth, and everyone listened to Zhou Shi's vision for the future, and had no opinion on rejecting Google's acquisition, and expressed their willingness to make additional investments.

"Simon, Google's offer has gone up to $6 billion. The company's CFO, Ebelson, said that he is a treasurer at Amazon, and he is very capable, but much less qualified than Amazon's current CFO.

"What do you think?" Zhou Shi

"By refusing directly, we can achieve a company as great as theirs, and there is no need to be acquired by them at this time. "Ebelson

"But I believe that the current pace of development cannot be sustained, and it will definitely slow down after a certain stage, and when the development is fast, there will be investors to support us, and when the development is slow, will there be investors to support us?" Zhou Shi said worriedly

"Then we will establish our advantages when we are developing the fastest, leaving the capital for self-development and dealing with future crises......" said Ebelson

"Okay, listen to the opinions of investors, and then refuse!" Zhou Shi

"Okay, I'll do it!" said Eberson

It didn't take long for Yelp to reject Google's $6 billion takeover to get the word, and there are always plenty of well-informed people who got the inside scoop from here. Then, after Zhou Shi's internal speech on the trillion-dollar market was cut and redacted, some parts of Airbnb and Uber were hidden, which were also put on the Internet, and were spread through F&F and Twitter, causing widespread discussion. Yelp's second funding round also began at this time.

"So they want us to integrate Airbnb and Yelp Taxi. Zhou Shi listened to Shen Haoyu and Ebelson's reports

"Yes, that's the premise, these three companies together can play the best role, and it will also help us improve our valuation. "Ebelson

"How do you set the price? You can't sell it cheaply!" Zhou Shi, these two companies, especially the online car-hailing service, have just been established not long ago. It mainly involves Airbnb, although it is difficult to establish a trust relationship, but with their difficult promotion, plus brand bonuses, and traffic import, the development is quite okay. The total number of days booked has increased from 200,000 at the beginning of the year to more than 1 million now. Through the cooperation with influencers, the improvement of photography technology has made Airbnb a life attitude, a completely different life experience from hotels, and it has developed much faster than Airbnb at the same time.

"This project is very difficult to price, and there is no reference ...... at all," said Ebelson

"Forget it, we're at a loss, Airbnb and ride-hailing are merging with yelp at a ratio of 1:9, but the financing price of yelp will be increased accordingly. Zhou Shi didn't want to dwell on this for too long, the valuation of Yelp's review and group buying business was about $3 billion last time, and the valuation after the three-party merger was at least $5 billion, so Airbnb also had a valuation of $500 million. Historically, in July next year, Airbnb's valuation is about $1.5 billion, so Zhou Shi said that it should be nothing to lose. Of course, others don't think so, just look at the business income that is still unsightly for the time being.

"Okay, I'll try. Eberson replied that he doesn't think much of the value of Airbnb either, but in any case, the ride-hailing yelp taxi is just an addition.

Thankfully, there hasn't been much resistance to Yelp's integration, which means their funding valuation is starting at at least $5 billion. Goldman Sachs has shown great willingness to do so. Frank Fan came to YELP many times to communicate with Zhou Shi, as well as with YELP's team. Maybe I want to know what everyone's opinions are about Zhou Shi running around without doing his job.

yelp's financing has ignited Groupon, and group buying seems to naturally involve offline local business economy, and Zhou Shi's words have opened up new ideas for them. It seems that this is a much larger market than B2C, and many group buying companies are popular with capital. Google, which was rejected by yelp, instead wanted to buy Groupon, which is second in the market, and it is said that the offer has reached $3 billion, but there is still no result. The appetite of investors and entrepreneurs is much greater.

"Do you think YELP really has a trillion-dollar market? YELP is really valued at more than $5 billion?" Zhou Shi was interviewed by reporters, but was as hostile as ever.

"I don't know, it's everyone's choice!" Zhou Shi

"So you don't have confidence in your career?"

"I don't have confidence in my wealth, and I don't know how long I'll be able to hold on assuming no one invests. Zhou Shi did not reply directly

"Some people say that the business model of group buying is not sustainable, and although it is developing rapidly, it will soon decline, and you are now advocating the advanced nature of this model, which is irresponsible...... "reporter

"I don't know how group buying will evolve if any business model is not perfect, so I hope that no one will learn Yelp and wait a few more years for everyone to see better. When I get out of the way, it's never too late for everyone to try. Zhou Shi said seriously that when he walked out of a road, the latecomers would have to pay for the road.

"......" journalists