Only after being reborn did I realize how fascinating the world of the rich is.

Chapter 500 Puyu Group Wants to Enter the Food Delivery Market

In the chairman's office of Puyu Group, Cui Zhongxian began discussing with several major shareholders the possibility of investing in group-buying websites, following in the footsteps of Li Group's investments.

"I have to admit that Li Xiaofeng has a good eye for investment. In the past two years, the group buying website he invested in has expanded rapidly and is developing well, representing a new trend in e-commerce platforms."

Traditional e-commerce platforms, with giants like Taobao and JD.com already established, make it incredibly difficult for us to break into them. However, this new business model is just beginning, and we still have a chance.

Cui Zhongxian spoke first, his tone quite emotional. Although he and Li Xiaofeng were competitors, he had to admit that following in Li Xiaofeng's footsteps and feeling his way across the river by feeling the stones of the Li Group was much better than wandering around aimlessly on his own.

Zhang Liang nodded in agreement, saying, "I completely agree with President Cui's idea. Although the Li Group has taken the lead over us, we can still seize a portion of the market by leveraging our financial strength."

Just like Taobao and JD.com, if you can't be the number one company like Taobao, being the number two like JD.com is also fine. The market is big enough to accommodate two or three companies without any problem.

Now that the country has enacted the Anti-Monopoly Law, it's impossible for the Li Group to monopolize the market. They'll reap the rewards, and we'll just follow behind and get a piece of the pie.

Le Jiahao pursed his lips and said irritably, "How can you be so spineless? Why is he the industry leader and we can't surpass them? Hasn't Meiyi Media already surpassed Dingdian Media in scale?"

Zhang Liang glanced at Le Jiahao and said in a nonchalant tone, "This year, Dingdian took advantage of the previous tax scandal to seize a lot of market share and has surpassed us in terms of scale again."

In addition, although our scale has grown rapidly, our foundation is far less solid than theirs. We still rely on purchasing internet copyrights to make a living, while they basically produce their own content, which has much lower costs and much higher profits than us.

Let's not forget that the top company has already made a profit, and the profit scale is increasing year by year, while we have been losing money, and huge losses at that.

It's almost the end of the year, and I've taken a quick look at our financial statements. This year's losses are significantly greater than last year's, and there's no sign of the decline stopping.

Cui Zhongxian said calmly, "I think you all don't need to worry too much about these things. This is the norm in the internet industry. In the early stages, you burn money to quickly expand your scale and seize the market."

Once we gain a dominant position in the market, we can recoup our investment through the market, and at that time, you will be able to experience the joy of success.

You are all people who run big businesses. To make your businesses bigger and better, you need a broad vision, do you understand? I hope we can all work together to make our businesses bigger and stronger!

"President Cui's words are like a wake-up call, a guiding light for us. Under President Cui's leadership, we will all definitely make a lot of money!" After Cui Zhongxian finished speaking, Luo Siqi flattered him as always.

Then, in a worried tone, he said, "However, Mr. Cui, this year, in order to compete with Wanzhong Media for the LCD screen advertising market, our performance has been a bit poor, and we have suffered a lot of losses."

The current cash flow on the organizational structure side is somewhat insufficient. What do you think? Should we issue new shares on the stock market to raise funds, or should the group headquarters increase its shareholding to raise funds?

After thinking for a moment, Cui Zhongxian sighed and said with a hint of helplessness, "Let's raise funds by increasing the group's shareholding ratio. With such poor performance this year, issuing new shares will definitely depress the stock price significantly, which would be too disadvantageous."

Although he knew this would be the outcome, Luo Siqi's heart was still bleeding. After all, he was still the nominal largest shareholder of Gage Media before.

However, if Puyu Group increases its stake, his shares will be diluted again, and Puyu Group will become the largest shareholder of Jigage Media.

This also means that all my hard work over the years will be for someone else's benefit.

Luo Siqi was very sad, but he had no choice. Without sufficient funds, he could only become someone else's appendage. Now that Cui Zhongxian was still letting him take charge, it was already a great favor for him.

Therefore, after Cui Zhongxian finished speaking, he had to force a smile and express his agreement.

“Puyu Group is really powerful. They can increase their holdings whenever they want. With Puyu Group as our backing, I believe we can succeed in anything we do.”

However, Zhang Liang questioned, "President Cui, there are already two companies competing with the Li Group. If we launch a group-buying website, won't we be stretching our resources too thin?"

Cui Zhongxian, unusually, did not deny it, and nodded, saying, "Currently, our battle lines are indeed stretched a bit too long, but opportunities wait for no one. By the time we are fully prepared, it will be too late."

However, although the Li Group took the lead, it is only one company, while we can at least combine the strength of three of us, making our overall strength far greater than that of the Li Group!

"President Cui, there are four families. Don't forget about the Luo family too!" Le Jiahao glanced at Luo Siqi and couldn't help but remind Cui Zhongxian.

Cui Zhongxian smiled and said, "Of course, I mean at least. In fact, besides the Luo family, there are many other friends who support us. There are too many to name them all."

Luo Siqi quickly nodded and smiled obsequiously at Cui Zhongxian, saying in a very flattering tone, "I understand, I understand. As long as it's for everyone's good, the sentiment is what matters. We don't care about formalities."

Cui Zhongxian nodded in satisfaction, then asked the crowd, "So, do you want to invest together? The real estate market has been doing very well these past two years, and I believe you all have sufficient cash flow."

However, although the current real estate market is doing well, there is an irrefutable business principle: don't put all your eggs in one basket; diversified development will better promote the group's stability.

After exchanging a glance with Le Jiahao, Zhang Liang smiled and said, "President Cui, we need to consider this matter. As far as I know, the Li Group has already invested billions in Lego.com."

As latecomers, we want to catch up, but we don't know how much money we'll have to invest. We hope you can provide us with an industry assessment report. In addition, we also need to conduct an internal assessment ourselves.

We can only make a final decision after we have taken all the assessments into account!

“Of course, I look forward to in-depth cooperation with both of your families!” Cui Zhongxian smiled brightly.

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