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

The wheels of time quickly rolled into 2013, and Li Xiaofeng's Li Group also faced new challenges.

In the chairman's office of the Li Group, Tang Shanshan handed Li Xiaofeng a document and said with a wry smile, "Xiaofeng, after several rounds of investment, Lei Jun seems reluctant to let us participate in this year's Series E financing."

Li Xiaofeng smiled and said, "It's normal. Our Li Group is now the second largest shareholder of Dami Mobile, with more shares than Lei Jun's other co-founder. We've already threatened his equity control."

I am very optimistic about the future of the rice company, and even more optimistic about Lei Jun himself. He is a qualified businessman, and at least his marketing ability is top-notch.

However, since they don't want us to vote anymore, let's not vote then, to avoid any unpleasantness!

Tang Shanshan tentatively said, "Actually, if you want to continue investing, I'll try to talk to Mr. Lei more. You may have forgotten something: our Letou.com is a group-buying website, which is also a marketing channel for e-commerce."

Currently, Dami phones are also sold on our website, and sales are quite good.

Furthermore, as far as I know, Dami Mobile is about to launch a low-end, high-performance phone. Dami Mobile's marketing director has already communicated with us, wanting us to increase our promotional efforts.

Li Xiaofeng shook his head and said with a smile, "The valuation in this round of financing is already very high. Investing now would not be cost-effective and there is no need for it."

Tang Shanshan nodded and continued, "Puyu Group's group-buying website has already launched. Their name is Letuan.com, which is similar to our name. They're clearly trying to piggyback on our traffic."

"Hehe, I was a little worried that Puyu Group might become our competitor, but it seems I don't need to worry about that now!"

"Why!"

"What else could it be? You can tell from their names that they never intended to be the industry leader. There's a saying, 'A soldier who doesn't want to be a general isn't a good soldier.'"

"Maybe they think being second-in-command is pretty good!"

Do you know how people become the second son?

"How did you become one?"

"The second-in-command is someone who was forced to become the second-in-command after failing to become the first-in-command. So, even if you want to be the second-in-command, you have to go all out to become one."

If you start by thinking about slacking off, what good can come of it?

It's important to understand that there are currently thousands of group-buying websites in China, and the vast majority of them will eventually fail. Anyone that falls behind will ultimately perish.

"Yes, the market can't accommodate that many group-buying websites. Moreover, the characteristic of the Internet age is that big fish eat small fish, and small fish and shrimp will eventually all be eaten and exit the market."

Li Xiaofeng smiled and nodded: "Yes, logically speaking, since the penetration rate of smartphones is still so high, it would be better to start using them in two years."

In the internet age, seizing the initiative is crucial; once users develop usage habits, they are very difficult to change.

However, now that Lei Jun and other mobile phone manufacturers have started promoting low-end smartphones, the era of smart mobile devices has begun, and we should also start to exert our efforts.

"Yes, I talked to Peipei a couple of days ago, and her views are similar to yours. Tesco has recently added a lot of software development engineers to strengthen the development and updates of the mobile app, making the user experience more convenient."

"There's one more thing I haven't mentioned: China has already entered the 4G era this year. With the support of 4G, various industries in China's internet sector will also take off."

Tang Shanshan took out another document and handed it to Li Xiaofeng, saying with a slightly helpless tone, "You were right. This year, Kage Media will have to fight with us for another year. I estimate that Wanzhong's profits this year will be wiped out again."

"Let's fight then, who's afraid of who? It's just a few billion in profits, that's not important. What's important is that if we win this battle, we can solidify our position in the LCD screen advertising industry."

If anyone wants to enter this field in the future, they'd better think carefully about whether they can afford to play and whether it's worth it!

"Xiaofeng, I have a plan, but I'm not sure if I should tell you?"

"Tell me, why are we being so polite with each other?"

“The stock price of Wanzhong Media has been declining. After we finish our battle with Gage Media, the stock price will definitely hit rock bottom. I’m considering whether we should delist and privatize the company if the group has sufficient funds!”

"Hehe, your idea is quite unique. Everyone else is desperately trying to go public and raise money, so why do you want to buy back the company?"

"My thinking is that Wanzhong Media's development has reached its ceiling. Instead of making money through stock price fluctuations, it's better to earn company dividends."

If we don't engage in a price war and vicious competition with Kage Media, our annual net profit can reach at least 3 billion yuan, and with the growth of the domestic economy, it may reach 5 billion yuan in the future.

I estimate that after we finish the price war with Kage Media, Kage Media's total market value will drop to around 15 billion. We only need to spend another 10 billion or so to complete the privatization."

"What you said makes sense. We only need to spend a little over 10 billion yuan. Even if we have to pay bank loan interest, we can still have a stable net profit of at least 2 billion yuan every year. This is a very worthwhile deal!"

"Most importantly, the group can have a stable cash flow, so when the group makes investments, it does not have to worry too much about bank loan interest payments and monthly payments."

Furthermore, after last year's review, the financial statements show that our Li Group has a very low debt-to-equity ratio, which is certainly healthy for the group, but actually detrimental to its rapid development!

Li Xiaofeng nodded in agreement, saying, "Indeed, China has now entered the 4G era, the Internet era has arrived, and the domestic semiconductor industry has also begun to develop slowly."

Our group's inclusive investment company has only invested in Dongge Shopping Mall and Dami Mobile Phones so far, which is a bit of a waste. Given the current positive economic trend, we should allocate some funds to invest in more good companies.

Tang Shanshan smiled and said, "That's exactly what I mean. In the past two years, the amount of broad money issued in our country has been very large, and the funds in the banks are not as tight as they were two years ago. We can borrow more money from the banks."

"Alright, let's discuss this matter further and figure out how to best utilize our group's assets!"