Lin Yi didn't know that Liu Qing had returned to China for the time being, and during this time he was intensively communicating with Factory A, mainly Cai Chongxin and his investment team, about this life-and-death cooperation.

Although he had already sighed in advance how angry Factory A was, when it came to the end, Lin Yi found that he still underestimated the other party's magnanimity.

In December, the negotiations between Wanli Travel and Factory A were still ongoing, and Zhang Xuhao, whom Lin Yi had met when he went for the first time, had made significantly faster progress and had been announced to the outside world.

How much money did he get?

$1.25 billion!

This is a huge amount of financing that no one in the food delivery industry and the group buying industry has ever reached before, and it has only been four months since the last round of financing of Ele.me.

2015 has been an extremely dynamic and prosperous year for tech startups and the VC market, with a number of high-profile mergers and record fundraising results.

Despite this, Ele.me is still the number one in the list, and the degree of attention may be second only to the $2.4 billion that Dudu almost got in July this year.

This financing also shows that this round of industry reshuffle, marked by the merger of each group and Dianping, has been completed quickly.

In the past two months, each group and Hungry have exchanged owners dizzily before the outside world reacts.

Of course, there are still people who sigh that it is finally not just the taxi industry that has made a lot of money this year.

This is not premature.

Because although Lin Yi's negotiations with Factory A are ongoing, it is estimated that they will not be completed in time for 2015, and their biggest point of disagreement is the investment share of Factory A.

Don't get me wrong, they don't give too little, but too much.

"Factory A hopes that they will cover this round of financing for Wanli Travel, and they don't have to find other institutions to get an extra penny."

"Strictly speaking, this is not their proposal, but a request, this is the only plan they have proposed, and if they don't agree, they would rather not vote."

Factory A's style has always been domineering, and the negotiation situation reported by Liu Jianni was not too unexpected.

"What do they think about valuation?"

"I don't have any opinions, and I basically agree with the valuation plan and results we have proposed with existing investors."

Lin Yi said simply: "Then there is nothing to say, he can not vote, but we can't do without." ”

"If Factory A wants to get more equity, let him take it, I probably know what Jack has in mind, and I will give it to him without losing any loss in valuation."

As soon as the issue was resolved, there were no substantial obstacles between the two sides, so in January 2016, the dust finally settled.

Wanli Travel officially announced that it has completed a Series D financing of $2 billion, with investors from Factory A and its affiliate Financial Services.

Although the post-investment valuation of this round has not been announced, it is easy to hear the basic news of such a blockbuster financing, and the media quickly reported that the valuation of Wanli Travel in this round has reached 12 billion US dollars.

It's not high, it's only equivalent to the level of almost half a year ago.

In contrast, it is obvious that the outside world is more interested in this round of investors, that is, Factory A, because he is also an important shareholder of Dudu Kuaidu.

Now that so much has been invested in Wanli Travel at the same time, isn't it a fight between left and right?

In this regard, Factory A has no obligation to explain its investment strategy to the outside world, and Lin Yi briefly explained when Wanli Travel was asked by the media:

"The two strategic investors in this round are firmly optimistic about the future and development of the ride-hailing industry, so they have spared no expense to support this judgment."

"As for what you said about their equity relationship with other peers, I am not very convenient to comment on this, please go and verify with the other party."

Lin Yi didn't care about the relationship between Factory A and Dudu, normally they should have withdrawn from the other party's shareholders' meeting.

The news did not fall silent due to the avoidance of the parties involved, because soon another news came to fuel the fire.

In the same month, Uber A, which was previously spun off from Uber, announced that it had completed a separate second round of funding for $2 billion.

That's outrageous.

Although Lin Yi heard Cheng Wei say when he was in the United States, Uber raised its goal to $2.5 billion because of the previous financing, but he didn't expect them to really be able to reach $2 billion.

And so fast.

Keen media have already concluded that Uber A, not the Uber global headquarters in the United States, but only a subsidiary split in the region, has raised a total of $3.2 billion in six months.

They did the math again, and the total amount of public financing since its inception in 2013 has reached $4.1 billion.

And all of them are almost all the same, and the cumulative amount of the two companies is similar from the beginning of their respective financing journeys before the merger.

In other words, ignoring the hundreds of ride-hailing software that emerged in the early days but were quickly squeezed out, the cumulative historical financing amount of the top three in the industry alone has exceeded 10 billion US dollars!

The discovery was nothing short of astounding.

10 billion, or dollars, even in the IT industry, has never had such a large-scale financing in any industry before.

"What's even more terrifying is that we don't see any signs of stopping this money-burning war at the moment, because the subsidies of the three major players have increased over the past year."

"Jean, what do you think?"

Liu Qing made his first public appearance after returning to work in late January, and it is inevitable that he will be asked about the topic that has been hotly discussed recently.

"I know there are a lot of people who think that this kind of money-burning competition in the ride-hailing industry is unhealthy, and therefore question whether the industry is really profitable."

"This concern is completely unnecessary, because from the perspective of investors, they are willing to keep shelling out money to support it because they are firmly optimistic."

"Everyone should believe in the professional vision of the entire investment industry, which is not an attempt by one or two institutions, but a common choice of all."

"As for when you said it will stop, I may be a little more optimistic than you, an industry should be orderly if it wants to develop steadily for a long time, and that day will not be too far away."

Today's focus is on Liu Qing's comeback, so the interviewer asked:

"Wanli Travel and Uber announced these two blockbuster news as a recovery gift when you just returned to work, which seems to be very unfriendly to Dukuai."

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"Is there anything you'd like to say about that, Jean?"

Liu Qing swayed freely: "As a competitor, of course they won't have any scruples about this, and I won't think that they are targeting me." ”

"Wanli Travel and Uber are very respectable rivals, but I think that the development of such peers will really make the industry better and better."

"I am also looking forward to the early realization of the optimistic goal I just mentioned with the efforts of all of us."