Reborn in 2014: A One-Man Tycoon

"What do you mean 'what do you mean'? Hurry up and report on your work."

Meng Chuan pretended to rebuke him, but his tone carried an undisguised smile.

That expression was exactly like a grandfather scolding his naughty grandson.

Meng Chuan is only eighteen years old, while Wang Zheng is already in his thirties.

But in Xu Jiu's eyes, the scene was incredibly harmonious.

If it weren't for the lingering childishness on Meng Chuan's face, Xu Jiu would have thought all of this was perfectly normal.

On the other end of the phone, Wang Zheng didn't seem to think there was anything wrong with it.

When Meng Chuan asked for a report, he immediately began, beaming with excitement:

"Currently, we have over ten million users and over five million merchants. We offer substantial incentives to attract merchants to join, provide meticulous guidance and support throughout the process, and even waive commissions."

Wang Zheng executed Meng Chuan's money-burning plan to the fullest extent.

They provide substantial subsidies to both customers and merchants.

For some merchants with good product quality but short of funds, zero-interest loan services are even provided.

These measures quickly attracted a large number of merchants to join Pinduoduo.

The subsidies offered to customers are even more astonishing.

As long as the requirements for attracting new users are met, subsidies will be provided immediately.

There are no deceptive tricks or schemes.

Customers shopping on Pinduoduo can buy high-quality and affordable goods.

After all, Pinduoduo has money now.

With money, one can naturally do whatever one wants.

To welcome the start of the new school year, Pinduoduo is offering even greater subsidies for items such as schoolbags, pens, notebooks, and study materials.

On the platform, a primary school backpack that costs more than 30 yuan can be bought for 20 yuan by asking friends and relatives to cut the price by 10.

Thirty cuts cost only fifteen yuan, and fifty cuts cost as low as ten yuan.

Moreover, the number of "cleaver" treatments is clearly priced, with no hidden tricks.

School bags and other school supplies are essential for the start of the school year.

The news spread like wildfire.

During its peak period before the start of the school year, Pinduoduo's daily transaction volume exceeded 100 million yuan.

Keep in mind, this was in 2014.

As for the profit... we lost 20 million.

But Wang Zheng was willing.

Of the initial 5 billion in funding, 4 billion is still left, which is more than enough to cover the costs.

Most importantly, out of ten people browsing Taobao's shopping mall, only two or three might actually place an order.

If you browse Pinduoduo, at least nine out of ten people will place an order.

Most people open Pinduoduo with a specific need in mind.

Even if there is no demand, it's just helping people "chop knives".

But as I kept cutting the price, I couldn't resist placing an order myself.

After all, it's really too cheap.

The person who didn't place an order was probably because the product they wanted wasn't available on Pinduoduo.

After all, Pinduoduo's product range is not yet extensive enough.

It is precisely because of such a high order rate that Pinduoduo's market value has soared, changing every day.

Meng Chuan listened to Wang Zheng's report and nodded in satisfaction.

Pinduoduo's rapid expansion exceeded his expectations.

However, upon closer examination, it makes sense.

After all, Pinduoduo in its early stages of development was filled with a large number of counterfeit and shoddy products.

This resulted in an equal number of sales and negative reviews.

These negative news stories made it difficult for Pinduoduo to clear its name for a long time.

Many people even equate Pinduoduo with counterfeit and shoddy goods.

Nowadays, there are very few counterfeit or substandard products on Pinduoduo.

It's genuine, high-quality, and inexpensive.

Therefore, the fission speed was far more terrifying than Meng Chuan had predicted.

"Hmm! Not bad, it seems you've all been working very hard lately. I'll treat all of you to a meal when I'm in Beijing sometime."

Meng Chuan smiled with satisfaction.

"President Meng, please don't give me that. When is 'another day'? Let's not make empty promises, can we have something more concrete?"

Wang Zheng's tone carried a hint of coercion.

He has indeed achieved results and seen hope.

This naturally gave them the confidence to negotiate with Meng Chuan.

"Well... another day is another day!"

Meng Chuan was speechless for a moment.

How could he know which day "another day" would be?

School is about to start, how could a student like him have time to go to Beijing?

That damn Wang Zheng, he can't even understand polite words.

"No, we can save this pancake after making one batch, but there's one condition."

Wang Zheng went further and further.

"What conditions?"

Meng Chuan asked.

"Hehe... Aren't you Douyin's big sponsor? Tell Zhang Erming I'm planning to advertise on Douyin. Also, Douyin's recent live streaming thing is quite interesting, I'd like to try it. We have some directly operated stores, could we do a live stream to promote them?"

Wang Zheng finished speaking in one breath, his eyes gleaming with a desire for new business opportunities.

Douyin's current traffic is terrifying.

Advertising on Douyin is just as effective as advertising on CCTV.

As for live streaming, Wang Zheng intuitively felt that it might have unexpected effects.

"Wow! Not bad! You actually discovered the business opportunity in live-streaming e-commerce. You have a good eye!"

Meng Chuan was both surprised and impressed.

Even Zhang Erming himself probably hasn't fully realized the vast potential of live-streaming e-commerce.

Wang Zheng, however, noticed it first.

No wonder Wang Zheng succeeded.

Meng Chuan was merely a catalyst that accelerated his growth.

Even without Meng Chuan, he would definitely stand out in the future.

"Live-stream e-commerce? Is this... yet another new market segment?"

Wang Zheng was taken aback; this new term was quite fitting.

Just like the name Meng Chuan gave to his social e-commerce platform.

"That's right, this is a new trillion-dollar e-commerce sector."

Meng Chuan said firmly.

According to some statistics, the market size of live-streaming e-commerce in China reached 5 trillion yuan in 2024.

Douyin alone accounts for 47% of the total live streaming market share, nearly half.

"Trillion... trillions?"

Wang Zheng was so shocked that he couldn't speak.

Xu Jiu, standing to the side, also stared wide-eyed, his face filled with disbelief.

Feng Chenchen, who was clumsily cleaning the coffee table, was equally stunned.

So much so that her hand slipped and there was a loud "bang".

The teacup in my hand fell to the ground and shattered.

The shock caused her to lose her composure again!

"I'm so sorry. I... I didn't mean to."

Feng Chenchen apologized with a sob in her voice.

He spoke so fast that he almost bit his own tongue.

She was more frightened today than she has in her entire life.

Meng Chuan rolled his eyes at Feng Chenchen, ignored her, and continued speaking to Wang Zheng:

"Don't doubt it, just do it boldly. Later, tell Zhang Erming that I asked you to go to him."

As he spoke, Meng Chuan solemnly added:

"However, it will take at least another year or two for live-streaming e-commerce to develop to a certain scale."

"After all, it takes time for people to accept new things or to trust them."

"There is still a lot of potential to be explored in social e-commerce. You haven't even reached one-thousandth of it yet, so don't be too ambitious."

"You can start planning for live-streaming e-commerce in advance, just treat it as a hobby. Your focus should still be on social e-commerce, that's your foundation."

Meng Chuan spoke eloquently, like a strategist making plans.

If you don't look at Meng Chuan's face, but only listen to his speech and tone...

No one would ever guess that the person who controls the business world is only eighteen years old.