Chapter 417: Annexation of Mobike!(10/100, thanks to Alliance Leader Iron!)
In October, the bike-sharing market was filled with fireworks for a long time, and Feixiang Bicycle took the lead in subsidizing users, and as expected by Shen Lang and Zhao Ruoxue, Mobike and ofo also quickly followed up with subsidized users at the same time.
For a while, riding a bicycle not only exercises, but also makes money by the way, and what is more ruthless is Feixiang Technology, Shen Lang directly gets a random red envelope drawn the more time you ride.
The mileage and average daily usage of the flying bicycle have crushed the ofo and Mobike, and the two together are about the same as the flying bicycle.
But subsidies burn money, and Didi relied on subsidies to kill all other opponents.
It's still spectacular for the three major bike-sharing companies to burn money together, with millions of dollars being burned every day.
In just half a month, the $40 million of the Flying Bike has almost burned out.
This is also due to the reason why the flying bicycle is on both sides of the war, relying on the advantages of more users and better reputation, especially in the hearts of young people, the reputation of flying bicycle is more trustworthy.
It also makes Mobike and ofo burn money very poorly, and they don't grab any users from Flying Bikes at all, and even many users feel that Flying Bikes are also subsidized, so why not choose the largest company?
On the contrary, many users switched to become users of flying bicycles, and Zhao Bin was almost angry when he heard the news.
"Mr. Zhao, stop your anger. ”
Wang Xiaofeng smiled bitterly: "Mr. Zhao, I don't think we should burn money with Feixiang Technology, the number of our users is not enough, you have also seen, now the company's accounts are almost empty, do you think you continue to inject capital?"
Zhao Bin was also a little disheartened, and glanced up at Wang Xiaofeng: "I will inject capital again, are you sure you can help me earn it back in the future?"
Wang Xiaofeng sneered: "Ahem, Mr. Zhao, do you think you are considering contacting other venture capitalists, are there any interested in our Mobike?"
"Hehe, no, this battle is lost, and there are two results, either perish or be annexed. ”
Zhao Bin stood by the floor-to-ceiling window and looked at the scenery outside for a while, then turned his head to Wang Xiaofeng and said, "Can you help me ask Feixiang Technology, do they plan to buy Mobike?"
Wang Xiaofeng looked at Zhao Bin in shock, and said in disbelief: "Mr. Zhao, are you going to sell Mobike?"
"Otherwise, where to find venture capital, now everyone can see that the climate of Feixiang Technology has been established, and the situation has been reversed. ”
Zhao Bin sighed: "I thought it was good before, but the mistake was the battle in the Demon Capital." ”
"Mr. Zhao, in fact, we still have a chance, we can ......"
Wang Xiaofeng is also ready to work hard to persuade that if this is to sell himself to Feixiang Technology, then what is the use of him as the general manager?
Zhao Bin has made up his mind: "I lost in the shared bicycle, but it doesn't mean that I will lose elsewhere, my skills are not as good as others." ”
Wang Xiaofeng reluctantly accepted the facts: "Okay, I'll ask." ”
COFCO Ruifu Villa.
Zhao Ruoxue listened to the call from Penguin, who also participated in Mobike's Series B financing at that time, but stopped investing in the later stage, but still had shares in Mobike.
After hanging up the phone, Zhao Ruoxue didn't react, and said to Shen Lang for a long time: "Penguin asked me, do we have any plans to buy Mobike?"
"Acquire Mobike?" Shen Lang was also a little surprised: "Zhao Bin gave up?"
"Like, otherwise we wouldn't be able to contact us through Penguin. Zhao Ruoxue thought for a while and said.
Shen Lang touched his chin and thought for a while, and then asked, "What is the valuation of Mobike now, and how much is the debt?"
"Mobike's valuation is $300 million, and the debt owed is almost $120 million. ”
"Do you think we should buy Mobike?"
Zhao Ruoxue nodded without hesitation and said: "I think we should buy Mobike, this is undoubtedly a huge success for our Feixiang Technology, the original three-legged situation instantly became a two-man hegemony, but our advantages are even greater, the acquisition of Mobike for us the advantages outweigh the disadvantages!"
"Okay, then you are responsible, let the penguins contact first, and when the acquisition of Mobike is acquired, it is estimated that the valuation of Feixiang Technology will rise a lot!"
Zhao Ruoxue smiled very happily: "Conservative should be able to reach 2 billion US dollars, and when the time comes, all users of Mobike will be directly and seamlessly transferred to Feixiang Technology, and our valuation will increase by 500 million US dollars." ”
Zhao Bin is bent on selling, Feixiang Technology is bent on buying, plus the penguin is in the middle of the coordination.
For this reason, Zhao Bin specially came to Feixiang Technology to meet Shen Lang, Zhao Bin was thin, with a flat head and black-framed glasses.
"Congratulations to Mr. Shen for winning Mobike. Zhao Bin's tone revealed reluctance and helplessness.
Shen Lang just smiled: "Thank you Mr. Zhao for your love, I have admired Mr. Zhao for a long time." ”
Zhao Bin shook his head: "The winner is the king, I didn't lose unjustly, and Wang Xiaofeng will be responsible for the follow-up handover, I just want to see where the person who defeated me is sacred?"
Before leaving, Zhao Bin said to Shen Lang meaningfully: "Mr. Shen, I hope to fight you again in other places in the future." ”
"I'm looking forward to it too. Shen Lang responded with a faint smile.
Zhao Bin got into the car and left, and the Mobike matter came to an end.
Feixiang Technology's acquisition of Mobike soon spread throughout the investment circle, and no one could have imagined that Mobike, which had previously challenged Feixiang Technology's hegemony, would be acquired in a blink of an eye.
Now the situation is getting more and more inventive, the general trend of Feixiang Technology has become a success, Mobike is acquired, and the next one is ofo?
ofo, who was also in the capital, also held a meeting, and Chen Dawei and the executives of ofo were cold.
"Ladies and gentlemen, Mobike has been acquired, what do you think?"
As the operations director of ofo, Xue Ding was the first to speak: "Mr. Chen, the situation is not good now, I originally thought that Feixiang Technology's two-sided battle might give us a chance, but I didn't expect Zhao Bin to be so cowardly!"
Chen Dawei shook his head: "Zhao Bin is not cowardly, he knows that without the magic capital, he will not be able to grow Mobike, and it is reasonable to be acquired now." ”
"Then why don't you come to us?" another executive asked.
David Chen glanced at him: "What are we going to buy Mobike?"
Unlike the original ofo, the valuation of ofo is only about to be 800 million US dollars, Chen Dawei is thinking about how to increase the valuation of ofo to one billion US dollars, and then bring in a sum of money, otherwise he will have to go on the road of Mobike sooner or later.
In the conference room, David Chen's phone rang.
Chen Dawei glanced at the caller ID and said to the others, "It's Zhu Xiaohu." ”
Everyone else knows that Zhu Xiaohu was an angel investor of ofo from the beginning, and he has been following the investment until now.
After hanging up the phone for more than ten minutes, Chen Dawei said with an ugly face: "Feixiang Technology's D round valuation is 2 billion US dollars, Penguin invests alone, and Feixiang Technology has successfully raised 200 million US dollars!"
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