Reborn in 2014: A One-Man Tycoon
Chapter 53 Billion-dollar Gamble
Meng Chuan's personality has always been one of repaying kindness tenfold.
Ge Wei dared to criticize Meng Chuan for being arrogant, and Meng Chuan dared to say that he was short-sighted.
Meng Chuan's sharp and outspoken nature shocked the group of bigwigs in the audience.
Ge Wei is a veteran investor.
Moreover, they have influence in the financial world.
Unexpectedly, he was now being humiliated by a teenager.
Ge Wei's face was so gloomy it seemed like it could drip water:
"You ignorant brat, how dare you speak so presumptuously? Since you firmly believe that e-commerce is still worth investing in, well, just now an entrepreneur contacted me."
As he spoke, Ge Wei called out to the rear:
"Where's Wang Zheng? Where's the Wang Zheng who just approached me for investment? Come out here."
As soon as Ge Wei finished speaking, a thin man in his early thirties wearing black-rimmed glasses stepped forward somewhat flustered.
Wang Zheng never expected that when these masters fight, he, a mere nobody, will suffer the consequences!
Wang Zheng didn't even have a seat here; he could only stand at the very back of the crowd.
He had just been feeling a little smug when he heard Meng Chuan's confidence in the e-commerce industry.
Unexpectedly, Ge Wei suddenly called out to him.
"Wow, I can meet such an amazing person at a conference?"
However, when Wang Zheng stepped forward...
Meng Chuan's heart skipped a beat.
Perhaps no one knows Wang Zheng now.
But in the near future, after Pinduoduo was launched in 2015.
He will be someone many people can only dream of.
“Wang Zheng, repeat what you said to me to this kid. I want to hear what this kid can say about your e-commerce concept.”
Ge Wei shouted at Wang Zheng.
His demeanor exuded a sense of superiority, as if he were bossing people around.
"me……"
Wang Zheng was stunned.
He came to this exchange meeting today hoping to attract investment.
But when all eyes were on him.
Wang Zheng suddenly felt his mind go blank.
"It's okay, just speak freely, say whatever comes to mind."
However, everyone was staring intently at the tense Wang Zheng.
When it seemed unlikely that this young man, who was so nervous even when speaking, would amount to anything.
Only Meng Chuan spoke encouragingly to Wang Zheng.
"I want to start a new e-commerce platform called Pinduoduo, focusing on agricultural and sideline products. This way, I can better avoid direct conflict with established e-commerce platforms."
Wang Zheng swallowed hard, gave Meng Chuan a grateful look, and then mustered up his courage to continue:
"After accumulating a certain number of users, we will continue to enrich our product line, but we will still focus on mid-to-low-end products."
"To quickly accumulate users, I will adopt a group-buying model and ask friends and family to help cut prices..."
As Wang Zheng spoke, his voice gradually faded.
Although he believed that this approach was feasible.
But he just mentioned this idea to Ge Wei.
Ge Wei utterly humiliated him.
They said he was just fooling around.
At this point, even Wang Zheng himself began to doubt himself.
"Hmph! Group buying and inviting friends and family, what's the difference between you and a WeChat seller? Why did WeChat sellers fail? It's because their social circles were too narrow."
Seeing that Wang Zheng was having trouble speaking, Ge Wei interrupted and said:
"Also, you just told me about subsidizing users. Do you know how much money that costs? And with giants like Taobao and Tmall do the work, burning money doesn't guarantee results. Do you think such an e-commerce platform is worth investing in?"
Although Ge Wei's attitude and tone were not very friendly.
However, many influential figures agree with Ge Wei's views.
Ma Yun, the e-commerce tycoon, holds an unshakeable position.
As long as Ma Yun's or Taomao's public persona doesn't collapse, no new e-commerce platform will be able to emerge.
Why isn't it worth investing in?
Just when all the bigwigs were secretly agreeing with Ge Wei, Meng Chuan stood up and said firmly:
“Traditional e-commerce is indeed difficult to compete with, but this new social e-commerce model has great potential.”
Meng Chuan's words caused another uproar in the audience.
Was Meng Chuan serious, or was he saying it on purpose out of spite?
However, what no one noticed was...
At this moment, Wang Zheng suddenly raised his head and looked at Meng Chuan excitedly.
"A new type of e-commerce based on social media—yes, that's what I'm doing. It understands me, it really understands me!"
Wang Zheng was so excited that he screamed in his heart.
Because the name "social e-commerce" perfectly matches his e-commerce philosophy.
"You say your social circle is too narrow, but do you even know what the six degrees of separation theory is?"
Meng Chuan ignored the excited Wang Zheng and the surprised group of capital tycoons.
Instead, he stared at Ge Wei and asked:
The "six degrees of separation" theory states that you are no more than six people away from any other stranger.
"In other words, by finding six strangers and exploring their social circles, you can exponentially connect with everyone in the world."
"Therefore, I believe that the new model of inviting friends and relatives to join group purchases has such a powerful, exponential effect that it is enough to overturn or even shake the entire traditional e-commerce industry."
Meng Chuan's words left everyone stunned.
"What a joke! The lessons of the past for WeChat-based e-commerce are right before our eyes. You actually dare to say that this bullshit social e-commerce has great potential just out of spite? Why don't you invest in one and see?"
Ge Wei said with a cold smile.
He had never even heard of the new term "social e-commerce".
“I’ll invest, Wang Zheng, I’ll invest 5 billion yuan in you. As long as you stick to the new social e-commerce model, plus the group-buying subsidies I just mentioned, you can definitely develop rapidly.”
Meng Chuan waved his hand and said in a firm and powerful voice:
"Don't be afraid to burn money. Seizing the market is what you should be thinking about. You can even directly use the banner of '10 billion yuan subsidy' and boldly subsidize."
"If you don't have enough money, give it to me. After you burn through this 5 billion, I'll give you another 5 billion. I believe it won't be long before the name Wang Zheng will be something those who look down on you can't even dream of befriending."
When Meng Chuan said this, everyone present gasped.
Simply inhumane.
I haven't even formally learned about it yet, and I haven't even read the plan.
Even after Wang Zheng, a talented entrepreneur, said a few words, Meng Chuan dared to directly invest 5 billion.
This is five billion! Not fifty dollars.
Which of the dozens of capital tycoons present dared to say they possessed such boldness?
This is completely disregarding the value of money!
Of course, after the initial shock...
Many bigwigs shook their heads slightly.
Meng Chuan was clearly acting out of spite.
They were still too young.
He has money in his hands and is full of youthful vigor, but he is brave but reckless.
Even if you're going to invest, you should do thorough research and even market research first!
How can you just invest like that?
"Fine, let's see how you die. I, Ge Wei, am making this clear right now."
Ge Wei pointed at Meng Chuan with extreme disdain and said:
“If your 5 billion doesn’t go down the drain, and if that Pinduoduo can succeed, let alone shake Taobao’s position, it can even rival JD.com. From now on, I, Ge Wei, will call you grandpa.”
Ge Wei also made some harsh remarks.
"You want to call me grandpa? I don't want to take you in as my grandson."
Meng Chuan looked at Ge Wei with a half-smile.
"you……"
Ge Wei was instantly enraged.
Let's get practical!
Before Ge Wei could say anything more, Meng Chuan spoke first:
"If Pinduoduo's transaction volume on Singles' Day doesn't exceed 30 billion yuan by the end of this year, even in less than six months, I'll admit defeat."
Meng Chuan has once again dropped an explosive statement.
All the bigwigs in the financial world stared at Meng Chuan in disbelief.
That young man, holy crap! He's incredible!
"Are you stupid? Last year, Taobao's Singles' Day sales only reached a little over 30 billion yuan..."
"Then don't worry about it. Anyway, if Pinduoduo can't do it, I'll admit defeat. If I lose, I'll give you a billion yuan. If Pinduoduo does it, you'll admit defeat. If you lose, you'll have to publish an apology article in all financial media, magazines, and books to apologize to me."
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