I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

At 1:30 in the afternoon, Brother Hu told him a lot of his dating experiences with the other party.

Many of them also asked Jiang Hao to give them some advice, including making plans for future dates.

Jiang Hao just passed it over in passing.

He doesn't really have much experience in this area. The girlfriends he has dated all only did the most basic things like eating out, watching movies, etc. There was nothing special.

As for Yu Xintong, she is different from ordinary women.

Moreover, he was the one being pursued, so there was nothing much to mention about his experience.

Fortunately, Mr. Wang had already arrived in Aomori in advance and was now entering the house under the guidance of Mr. Hu's secretary.

"Academician Jiang, haha! I didn't expect that we haven't seen each other for so long! Mr. Jiang, you have become an academician! Congratulations!"

Mr. Wang started by addressing Jiang Hao by his new title and congratulated him with a smile on his face.

It’s just that Mr. Wang might be sincerely congratulating him, but to Jiang Hao himself, he always felt like he was teasing him.

Ultimately, he was not confident about his title as an academician, so after a brief greeting, the three of them got down to business in the office.

"Qingsen Cycling currently has 4.8 million users, with daily orders stable at around 3800 million, accounting for 63% of the market share, ranking first for a consecutive year..."

Hu Sen kept introducing Aomori Cycling's current achievements in front of the two people.

It sounds really good and has achieved considerable results.

The number of users has almost tripled from 1.4 million to 4.8 million.

The daily order volume has also increased from more than 2000 million to 3800 million, and the market share has also increased by nearly 20%.

But in fact, Jiang Hao was aware of the current problems of Aomori Cycling.

The relationship between user growth and order volume growth has become unbalanced.

With the current situation of user registration in Aomori, its importance has greatly decreased. If it were not for the high proportion of real-name users in Aomori, its value would actually be even lower.

On the contrary, daily order volume is the key data for Aomori Cycling today.

This is equivalent to the daily active users of Haijing Technology, and can clearly reflect the current development status of Aomori Cycling.

Jiang Hao carefully looked at the report data in his hand and found that Aomori Cycling has not seen any increase in daily orders for more than three months, and has been active at 3800 million orders.

This is not a good sign. No wonder Brother Hu asked me to meet with Mr. Wang in the company today.

"Mr. Hu, let's not talk about the results for now."

"Today, we are just three people. Let's talk about the problem."

“Why isn’t the order volume increasing? Is the market saturated?”

Mr. Wang runs his own business and is the largest shareholder of Aomori Cycling, so he naturally has a clear understanding of the company's financial statements.

He immediately pointed out the core problem and asked for the specific reasons.

Brother Hu stopped speaking after hearing this. Although he wanted to report some good news first, he did not elaborate when the two people in front of him got straight to the point.

"The market is indeed approaching saturation recently, and data from the entire industry is no longer growing."

"Qingsen Cycling currently has this share. Mobike has recently raised a lot of money, and Tencent has been very helpful. It is difficult to reduce their order volume."

Since the collapse of OFO, Mobike initially had the largest market share.

It’s a pity that Mobike’s deposit model also has huge hidden dangers and is not guided by national policies.

Just a few months later, its market share was overtaken by Aomori, and it has been ranked second ever since, accounting for about 30% of all shared bicycles.

Aomori and Mobike almost monopolize the entire market.

Today, the overall growth of the shared bicycle market has reached a bottleneck. On the other hand, Mobike has received a new round of financing from Tencent, including support from the group's resources and the use of WeChat channels.

No wonder Hu Sen said it is difficult to squeeze the other party. Even though Tencent-affiliated companies have been forced to open their WeChat channels, they still only have a 30% share, which is already the limit.

After all, Mobike has now transformed and no longer relies on a deposit-based business model. It can be said that the two sides are fighting entirely in terms of hard power.

With Haijing, Alibaba and Meituan standing behind Qingsen, it is able to maintain its current market share which is more than double that of Mobike.

"Tsk~! That's going to be hard to handle!"

Mr. Wang was somewhat helpless in the face of this problem and situation.

On the one hand, the cake is getting smaller, and on the other hand, it is impossible to completely defeat competitors. It is not easy to maintain the current situation.

"Boss Jiang, do you have any good ideas?"

After some thought, Mr. Wang looked at Jiang Hao, and Hu Sen also placed his hopes on him.

"I don't have any good solution for this situation."

Jiang Hao spread his hands and shook his head.

He is not a god. Now that things have come to this point, Mobike, which is supported by Tencent, will certainly not be able to completely crush it, and he has no good solution.

"But I don't think Aomori should care about these things right now."

...

"Boss Jiang? What do you mean?"

Hu Sen was confused by Jiang Hao's words. If he didn't care about the core market share, then what should he care about?

"I suggest you take your company public as soon as possible."

“Either start the D round to prepare for the IPO soon, or start the IPO work directly.”

...

"But Mr. Jiang, I'm wondering if we can boost our business again? Expand our market share and go public?"

Hu Sen set a psychological goal for himself of 70% market share, and actually expected to achieve the goal in the near future.

Unfortunately, after Tencent exerted its full efforts, it had no chance to gain the last 7% of the market share.

"Haven't you noticed yet? How much has the discussion about shared bikes decreased in the market?"

"Also, capital investors almost no longer invest in these projects, and all focus on the new energy industry."

When Jiang Hao spoke, Mr. Wang beside him immediately reacted.

"I remember that during your previous round of C financing, the company's valuation was 350 billion RMB, right?"

"If you are in Series D now, I estimate that at most you can get 500 billion RMB. If you delay for a while, you may not even get this amount."

Market trends are the most important driving force for the development of all businesses.

At this vantage point, Aomori Cycling's valuation could increase by dozens of times, and it would be sought after and favored by all investors in the market.

But things are different now. Ever since the last time the state issued a document to regulate shared bicycles, the popularity has been declining.

Especially after losing the huge cash flow income from the deposit, many investors suddenly lost interest in the shared bicycle industry.

So far this year, Jiang Hao has clearly felt that the shared bicycle industry is still on a downward trend.

If we don’t take advantage of the last bit of warmth this year and launch it on the market quickly.

After that, it would be difficult for Aomori Cycling to even reach a valuation of 350 billion. Even if it really reaches a 70% market share, its stock price after listing will not be much better.

"Boss Jiang, what you are reminding me of is true!"

"Boss Hu, since the performance is not growing, hurry up and prepare for the IPO!"