The meeting with Warren Buffett passed in a burst of small talk, and it felt like nothing was gained. Most of the time, Zhou Shi said that Buffett did not impart any advanced experience to him, nor did he introduce any awesome characters to him. But it's understandable to think about it, everyone only knows, why should it give you benefits.

Back in Silicon Valley, Zhou Shi continued to deal with the various things that Yelp had left behind. Yelp group buying already exists in major large and medium-sized cities in Europe, and the same is true in the Asia-Pacific region, except for the first-tier cities in China. Yelp's review service is less geographically restrictive and easier to deploy, which is a pioneer in Yelp's group buying process, and when Yelp chooses a location to launch the group buying service, it will mostly refer to the activity of local Yelp reviews. Dianping and group buying are combined, and in this increasingly fierce competition, they have not let the group buying business affect the development of Dianping, and maintain their bottom line.

Yes, in 2010, the Battle of the Hundred Regiments in the previous life finally began, and the Dianping led by Wang Xin suffered an unprecedented huge impact. Of course, in Europe and the United States, yelp also has no shortage of challengers, not to mention Groupon, the pioneer of pure group buying websites, even Google and other websites can't help but start to join in the fun. Although it is not as good as the battle of a thousand regiments in China, it can barely be called a battle of a hundred regiments. In the face of this situation, in the face of the bottomless price competition of competitors, YELP still maintains its own pace of development.

"In this model, don't care what other companies do, we can learn from their excellent experience, but the core is to provide better services for customers based on the interests of customers. Don't look at the group buying in a certain area now exceeds us, the focus of our attention is whether our service is worse than the other party, and whether our cost is lower than the other party under the same service conditions. This industry is destined to be the one where the rest is king, and if we can hold on to it until the end, we can win. Therefore, in order to survive to the end, the first position in the industry can also be lost, and cost saving is our most important thing...... "Zhou Shicai will not want to lose the first position in the group buying industry, his words are more to show his business ideas and the company's future development direction. Half of them are also said to Yahoo and other investors, so that they have a clear understanding of the future, low entry barriers, which means that anyone can participate in it, which means that the module developed by Time Cloud specifically for the group buying market will be greatly developed.

"Mr. Zhou, Groupon has launched an aggressive offensive against us, won't we launch a counterattack?"

"How many cities will they be able to snipe at us?" Zhou Shi

"Even just one city is important!" Shen Haoyu

"Can their income sustain their current operating model?"

"They can raise money again!" said Shen Haoyu

"Of course they can do that, but the purpose of our business is not to eliminate every competitor, but to create our own value. Yelp's evaluation mechanism is our core function, and choosing a better place for consumers to spend is an ability that other group buying companies do not have. When other group buying sites advertise cheap prices, we advertise quality services. We can even provide a nameplate for our partner merchants from a certification: Yelp Partner Merchants! What do you think?"

At this time, it is a correct choice to be a trustworthy enterprise in the long-term competition, provided that no other companies can break through. If there is a company that goes public first, or can survive for a long time with the advantage of capital, this time node can even surpass YELP, then everything Zhou Shi is talking about now is nonsense. An enterprise can lose itself in the hurricane, but its leader must not be lost, only a clear consciousness can make the most correct decision at the critical moment. Zhou Shi also did not mean to limit the development of YELP, he just strengthened everyone's concept of being a good company. Even when it is growing wildly, don't forget to have a good heart. In any case, Yelp still carries his unprecedented vision, and if it can be successful, the future of the Internet world must be extremely interesting.

Zhou Shi's acquisition of Newsweek was soon exposed, and as always, it attracted a lot of attention, or this time was the time when everyone paid more attention to him. Everyone was puzzled by Zhou Shi's choice, and they didn't know why there was such a move. Everyone is aware of the dilemma faced by the newspaper and media industry, and in the past few years, there have not been one or two newspapers and magazines that have closed down in the United States, but a general trend has formed. Although Time Inc. (the parent company of Time Magazine, People, Fortune and other magazines) is still profitable, it still cannot escape the downward trend of the whole industry, and the news corp. (the parent company of the Wall Street Journal, The Times, etc.) and 21st Century Fox Film and Television has never stopped. A few years later, Times Company was also officially separated from Warner Film and Television Company, which shows that in such a big historical environment, Zhou Shi's contrarian operation is still very concerned.

"Why did you buy News Corp., is it for the sake of Huaxia *** looking for a way to speak out in the United States?"

"I use my own money to provide pro bono services to the government, and I may also destroy my investment in the United States, are you stupid or am I stupid?" Zhou Shi was unceremonious

Originally, the investment of 100 million US dollars is not much, but in the future, it is still facing an unknown amount of continuous investment, and it can be said that any rich person has to consider it. In fact, if you wait a few years later, Zhou Shi's funds are more sufficient, and the acquisition price will fall, but at that time, the brand influence of "Newsweek" will continue to decline, and it is really hard to say whether it is worth it in exchange for such a result with a less investment of one or two hundred million US dollars.

"Not necessarily, who knows if your investment will be subsidized by the Chinese government in other ways. "Journalists

Zhou Shi glanced at the reporter and did not speak.

"Will the Chinese government pay him less taxes, or will it give him company facilities or tax subsidies? When will it be able to compensate the $100 million, not to mention the fact that Newsweek may still face sustained losses." "Reporter C, no matter when, Zhou Shi has to find a third party who speaks for himself (?), well, a third party in the eyes of others.

"Then what did you consider when you chose to buy Newsweek?"

"We can't just rely on blogs, tweets, and friend networks for our news needs. More than ever, we need authentic reporting and editing. So, I want to help people [in journalism] create digital products that can really make money. I don't know if I'll make it, but I'm willing to try. "Zhou Shi

"Papapa......" Zhou Shi's words made the scene burst into a series of applause.

(End of chapter)