The popularity of smartphones is inseparable from the popularity of wireless networks, and the launch of their own router products has long appeared in the plan of Nutshell Nuts. Tossing electronic devices is a favorite of many people, adding an operating system to the router that can be modified independently, and being able to modify the parameters through the mobile terminal undoubtedly greatly strengthens the entertainment and appeal to consumers. There is also a wireless network card, which is later known as 360WiFi, Xiaomi WiFi and other products, which also allow everyone to surf the Internet through WiFi on a broadband network connected only by a network cable. A relatively cheap and guaranteed quality product, Zhou Shi believes that it will perform well at the moment when smartphones are becoming more and more popular.

Yelp's explosive strategy has also set a preliminary plan, product promotion once a week, and time is not responsible for logistics and distribution, which is equivalent to a C2C e-commerce platform.

"This is e-commerce, and does such a restriction really work?" Chen Shouzong expressed a different opinion.

"How do you know if you don't give it a try?" Zhou Shi, the group buying business is in trouble and is covered up in the face of Yelp's successful internationalization, but he knows that the group buying in Europe and the United States and other places has not improved even in 2018, and it seems inevitable that it will fall from the peak. In China's Meituan transformation, more than 60% of its revenue comes from food delivery. Groupon also has takeaways, but seeing that it has maintained a market value of about $20 for a long time, you know that even takeaways are not used abroad.

Yelp has actually made a lot of experiments, in addition to group buying and reviews, but also developed hotel restaurant reservations and food delivery services. However, the takeaway here will obviously not be the same as in China, and Zhou Shi has no plans to burn money in this area for the time being. At most, after spinning off Yelp, acquire a food delivery company.

In the end, Zhou Shi did not choose to delay, and Zhou Shi directly communicated the proposal to spin off Yelp to the other major shareholders of Yahoo.

"Yahoo needs a lot of capital to start a new business, and because of the change in our previous strategic plan, there will be more gaps between YELP and Yahoo, and the complementarity between the two sides will be reduced, and our current profitability and scale may not be able to support our current growth. For long-term reasons, it would be a better choice to have the two companies separated......" Zhou Shi

Although he is a major shareholder, Yahoo is not his word, and he has not yet made achievements that can impress others.

"Then why did you buy it in the first place?" said Bellakfan

"There is a big difference between the original Yahoo and the current Yahoo!," Zhou Shi

"But what do investors think? You're going to undermine the market's confidence in Yahoo, your confidence in you, and your own credibility...... "Blanc-van."

"So you're not in favor of breaking up Yelp either?" Zhou Shi

"Yes, at least not yet!"

"But to be honest, I'm not optimistic about Yelp's future, and I'm worried that it will drag down Yahoo's development. Zhou Shi said honestly

“.…..” By the end of the year, the development of most group buying websites had come to a standstill, and there was no deliberate operation, and investors began to enter the rational stage, and there were constantly doubtful voices.

"The development of group buying is not good, but the Airbnb model has great development prospects, but it requires a lot of money, but Yahoo's research and development needs a lot of investment, and the development of mobile Internet and professional social networks also requires us to increase investment. "Zhou Shi

"You want to spin off Yelp, mainly because of financial problems?" said Frank Van "That's right, if I had Google's cash flow, I wouldn't be able to make such a budget. Zhou Shi said self-deprecatingly

"Don't you own a stake in Alibaba?" said Frankvan

"Alibaba's market capitalization should reach more than $300 billion within five years, but Yahoo is not necessarily, so ......," Zhou Shi said

"You're worried that Yahoo can't outgrow Ali, but you didn't expect you to be so unconfident. "Belankvan

"Ali has entered the harvest period, but Yahoo is still in business, Yahoo brain has too much uncertainty, and even in my plan, Yahoo will fall into the red in the next few years, I don't know if investors will lose patience with me......" Zhou Shi

"Amazon can do it, Yahoo can do it......" Bellank Van said

"But Yahoo's business model is more complex, and even if AI succeeds, it will be difficult to create value in the short term....." Zhou Shi

"Then why not go in a different direction?" said Bellakvan

"There's nothing better for Yahoo than artificial intelligence. "Zhou Shi

"Are you really willing to take such a big risk?" said Belrankfan

Yahoo's current valuation has dropped between $350~$40 billion, and I don't know if it's because Yelp or LInkedIn has dragged down the stock price.

"I think the risk is within the range I can bear" Zhou Shi, even if the development of artificial intelligence is not smooth, he still has mobile Internet and social communication, so he will not fail casually.

Several shareholders were contacted again, all of whom raised objections to the spin-off of Yahoo and Yelp, all of which had various reasons, but Zhou Shi did not insist in the end, and even if Yelp's $10 billion valuation was finally zero, Yahoo would still be Yahoo. However, in this case, Zhou Shi also gave up the idea of using e-commerce transaction volume to increase YELP's turnover, and by the way, to push up YELP's valuation in the short term.

"Simon, I don't think you need to be so anxious, we've done enough in the area of group buying or local life services as you said. With the group purchase and evaluation system, it is difficult for Google to surpass us in the short term no matter how much traffic Google gives Groupon, and value-added services such as restaurant reservations and takeaway make us more attractive than Groupon. If hotel and B&B services are also included, the development of YELP will not be bad!" Shen Haoyu

"But after the group buying, I feel that the group buying model is almost at the top, how can we transform?" Zhou Shi

"We don't need to transform, we just need to develop other businesses," Mayer

"Yes, restaurant reservations and take-outs are all good breakthroughs!" Shen Haoyu

"But the labor cost of takeaway is too high, and even if you use independent contractors to avoid some problems, you can't change the soup and not the medicine. "Zhou Shi

"The problem of food delivery has greatly limited the development of takeaway," Chen Shouzong

"So can we work with Lyft to reduce operating costs for both lyft drivers and us. "Ebelson

"Lyft is the same ride-hailing platform as Uber?" Mayer

"That's right, we're the majority shareholder of this company. "Ebelson

Both Uber and Lyft rose to prominence during the year, starting in San Francisco and expanding across the country, but not as quickly as possible due to funding issues.

The synergistic effect brought by online car-hailing and food delivery, Zhou Shi thought about it carefully, and it seemed to be not bad.

"It's a good idea, and although it doesn't work well in the short term, it should have a lot of prospects for development in the future!" Zhou Shi affirmed that there is a great synergy between Yelp and Lyft.

After talking about some details, Zhou Shi also had more ideas about the development of YELP.

"In this case, we will increase the scale of food delivery and online car-hailing"

Thanks for the contradictory literary reward!

(End of chapter)