Chapter 99 Meeting Xu Xin


    "Qunar" is an online travel website born in 2005.


    At that time, it received its first financing of US$2 million, and the market value of Xiecheng had reached billions of dollars.


    After four years, it wants to gain more share in the segmented battlefield and wants to carry out the third round of financing.


    Xu Xin participated in this financing negotiation led by Zhu Xiaohu of Jinshajiang Venture Capital, and Jinshajiang Venture Capital is a participant in the first round of investment of "Qunar".


    It is worth mentioning, or it is quite humorous that there is a common topic of discussion at this conference today, Lehman Brothers.


    The financial crisis is an unavoidable topic in the circle. As the fatal fuse, Lehman Brothers is also the second round of investment institution of "Quara".


    Such a connection inevitably makes everyone who has had lunch feel emotional.


    The connection that made Xu Xin feel even more gloomy came from the topic Zhu Xiaohu talked about.


    "Mr. Xu, have you noticed that there is a new website called Bai Xiaosheng?" Zhu Xiaohu mentioned the name that made Xu Xin frown slightly.


    Xu Xin nodded: "I heard it."


    "NetEase held a press conference in the morning, and they upgraded to a business unit. The market in the Internet marriage and love industry may be reshuffled." Zhu Xiaohu briefly described the industry situation in the past half month, "This fuse was Bai Xiaosheng''s bombardment."


    Xu Xin smiled and didn''t say anything, thinking that Zhu Xiaohu talked about this because of her husband.


    Zhu Xiaohu continued, "I think NetEase is serious this time. Does Mr. Xu have any news about this? We previously invested in Lily.com. I received the news this morning that I was still calling them before dinner to discuss whether to follow up on the market."


    Jinshajiang Venture Capital is a participant in the second round of financing of Baihe.com.


    Xu Xin was stunned and remembered that there was such a thing: Jinshajiang had invested in Lily.com, which was about two or three years ago.


    She shook her head: "I haven''t heard of NetEase''s news. Last month, I passed by NetEase and went in to sit down. I think this is theirs. I think it may be a judging the market."


    Xu Xin invested in NetEase in 1999 before she founded Today Capital. She was the managing director of Huaxia District of Baling Investment Group at that time, and therefore had a good relationship with Ding Lei.


    Zhu Xiaohu Heran: "A small website really disrupts the situation in the industry."


    Xu Xin said "um" and still focused on the company "Quara".


    She has focused on investment for many years in the consumption, retail, and the Internet industries. Although the economic situation this year is not good, the concept of "online travel" is still attractive.


    After a short rest after lunch, Xu Xin, Zhu Xiaohu and others accepted the lectures from the senior executives of "Quar" and listened to them explaining the company''s current situation and plans for the future.


    Xu Xin listened very seriously, but her expression did not change much, and she almost asked no questions.


    After the "intermission break", Zhu Xiaohu asked jokingly: "Mr. Xu, what do you think of the future of ''where to go''?"


    "I heard Mr. Zhuang say a lot, but the core seems to be just a few words." Xu Xin said carefully, "One sentence is that Xiecheng has too much profit, and the other sentence is that they want to attack the weak mid- and low-end hotel market of Xiecheng."


    Zhu Xiaohu nodded repeatedly, and Mr. Xu summarized it very well.


    Actually, these two were mentioned before.


    The profits of Xiecheng are too much, which means that latecomers have price war zones, and the weak mid- and low-end hotel market is indeed a good breakthrough in his opinion.


    "So..." Xu Xin said with some worry, "If the price war starts, it will be very tragic."


    Price wars mean capital consumption.


    Moreover, the opponent of "Qunar" is already the leader in the industry and a listed company. Xiecheng will never sit idly by and watch the followers occupy the market easily, and will inevitably use various methods to counterattack.


    Xu Xin was not willing to participate in such a battle in her heart. It was not that she had no chance of winning, but that the risk was higher than she thought.


    In addition, she still hopes to invest her money in a more cost-effective position, and the third round of "Qunar" is not particularly cost-effective.


    Zhu Xiaohu shook his head, disagreed with Mr. Xu''s view, and smiled and said, "Price wars can effectively drive the market. If the market develops smoothly, there will definitely be no chance. ''Where to go'' needs to pursue its position more intensely."


    Xu Xin did not comment.


    Jinshajiang Venture Capital has already invested money and has its shares, and its position is naturally different from today''s capital, which has not yet entered the market.


    At 2:30 p.m., the second half of "Quan" had not yet begun. The president, Zhuang Chenchao, who had already talked a lot, suddenly answered two consecutive calls. His expression became a little excited, and he couldn''t help but share the latest news with investors.


    "Take the city out of news!"


    "It doesn''t want to give old employees the opportunity to convert options into stocks, so it cuts people directly!"


    "Also, the airline insurance policy sold in Chengcheng has been forged!"


    "There are many employees on the Internet who are reporting related issues now!"


    Zhuang Chenchao did not hide his joy and finally said: "The healthy development of any industry must have sufficient competition. Once it is monopolized, all kinds of situations that are unfavorable to consumers will come out!"


    The four venture capital investors in the conference room, Jiyuan Capital, Turnia Capital, Jinshajiang Venture Capital and Today Capital, were all surprised to hear unfavorable news about Xiecheng at this time.


    This seems to be a coincidence, and I specifically choose "Qunar" to come out during financing negotiations.


    Zhu Xiaohu asked with a smile: "Why was it suddenly exposed? Which media?"


    Zhuang Chenchao replied: "It''s a NetEase reprint report."


    He reached out to take his assistant''s laptop, opened NetEase''s reporting interface, and added: "It was a staff member of Hecheng who broke the news on a website. Oh, on a website called ''Bai Xiaosheng'', the name of this website is interesting."


    Bai Xiaosheng?


    Bai Xiaosheng!


    Xu Xin couldn''t help but frowned, it was it again.


    She felt that she had heard this name a lot recently.


    "Can you keep it true?" Zhu Xiaohu smiled.


    Zhuang Chenchao replied cautiously at this time: "I don''t know, but..."


    He quickly clicked on the "Bai Xiaosheng" he heard for the first time, noticed the conspicuous information above, and said, "This is a website with real-name authentication, which is probably not nonsense."


    As a goal that "Qunar" wants to challenge, the news suddenly exposed by Xiecheng is still worthy of investors'' attention.


    Soon, several notebooks were placed in front of everyone, and I saw NetEase’s reports and Bai Xiaosheng’s revelations.


    This is not the first time Xu Xin has heard of Bai Xiaosheng, but it is indeed the first time to browse Bai Xiaosheng''s website.


    She looked through and asked with some confusion: "Didn''t it mean real-name authentication? Why is this user''s name ''Erlang Shen''?"


    After a moment, this question was answered.


    "It seems that this website has a new anonymous function. Only some people have been tested in the internal test. I saw the function. This anonymous account has been certified for both real-name and work."


    After a while, Zhu Xiaohu commented on the small website of Bai Xiaosheng as soon as possible: "Its anonymous function... is a bit evil, and it feels easy to have problems."


    But he didn''t wait for others to speak and added: "This website had bombarded the Internet marriage and love industry before. If this time it could cause noise from companies like Xiecheng, this small website would be interesting."


    Xu Xin was not stingy with her own evaluation. She closed the web page and said slowly: "The projects all need people to execute, and the team of this project is not very good." Everyone looked at me, Mr. Xu knew something?


    "Behind this project is a team of college students, and their thinking is too short-term. Their last project was a few months ago, and it was the kind of way to make a fortune and leave." Xu Xin commented, "It is difficult for young people who taste the sweetness to calm down."


    Zhu Xiaohu remembered that he had talked to Mr. Xu before and said with a smile: "Mr. Xu, you have a keen sense of smell. You know such a small website and the team behind it. Indeed, no matter what project, it is impossible to do without a good team."


    Everyone agrees with the exchange between these two.


    People in the conference room have come from their youth and deal with money all year round. They know very well what young people who make quick money and short-term business are in a state, and they will never invest in such projects.


    Zhu Xiaohu changed his tone: "So, the team of ''Quara'' is very trustworthy. Mr. Zhuang''s work in recent years is remarkable. If there is a storm in the city, it is indeed a good opportunity to catch up."


    The matters about the small website are just casually chatting, and the main thing is the financing matters of "Quaran".


    The conference room continued to communicate on the latest situation in the industry.


    At five o''clock in the afternoon, the meeting ended.


    Xu Xin politely declined the dinner invitation from Zhu Xiaohu and others, and still tended to not participate in this round of financing, but she was not in a hurry to make a decision at this time.


    Her trip back to Shencheng from Pengcheng was her last job before the New Year. She can wait until after the New Year to give her the final answer.


    It just so happens that you can see if there are any new industry changes.


    Oh, that movement from Baixiaosheng.


    Just this afternoon, Bai Xiaosheng intensively bombarded the company with his city employees.


    Although it is anonymous with a nickname, the users who make a name for making a name for "Hecheng Employees", proving that they are employees of Hecheng who have been reviewed by the website. Therefore, the relevant revelations are quite authentic.


    The first "Erlang Shen" to speak out was Deputy Director Jiao Shiqian. After learning from his mistakes, he asked other colleagues who had similar experiences and found that it was not only about options stocks, but also about oppressive resignation.


    That is, if you are unwilling to leave, the company may have cross-regional transfers and demotions.


    As a large company, Huicheng has positions in many areas across the country, but individual employees are different. Many of them are family members. Once transferred to other cities, life will be very troublesome.


    Therefore, Jiao Shiqian anonymously bombarded three things.


    - Options that were about to be converted into stocks were taken back for free, and the relevant contract signed at that time was in English and no Chinese version was provided!


    -Employees were oppressed and resigned, involving malicious transfers and demotions!


    ——A customer had a fake insurance policy on November 14!


    If the first two problems are still within the city, the third problem is related to the customer, and the nature is different.


    Therefore, NetEase''s reprinted reports were familiar again and again, and after a simple confirmation, they were listed on the page.


    Of course, unlike the treatment when there were previous interests, NetEase’s reporting position this time is not as high.


    Even so, Bai Xiaosheng''s users also had Yu Gua from the Internet marriage and love industry in the morning, and began to eat new Gua from the city''s layoffs and fake insurance policies in the afternoon!


    New melon, the first day of 2009!


    Although the websites are still very new, many users are already familiar with sharing the website and posts with friends and colleagues.


    The Internet marriage and love are useless. Will you come to see the excitement of layoffs?


    Let’s take a look!


    The impact of the global financial crisis is still there, and if you can''t guarantee it, you won''t know where it''s going...


    Come and listen to the reflection and experience of the parties involved in the layoffs.


    "I''m so stupid, really, I just know that other companies will encounter pickled matters when layoffs, and I don''t know I will encounter them."


    "I clearly heard the key words of personnel and affairs that are conducive to my arbitration, but I did not record them in advance. I am so sorry!"


    ——"I''m so stupid, really, I''ll regret it for the rest of my life!"


    It is obviously a very appropriate imitation of Xianglin Sao''s words in the scene of "Erlang Shen" experience.


    As both working people, they feel extremely immersive and have also participated in the improvement of the construction of their works.


    "This is not like Xianglin Sao, this is Xianglin Sao in the workplace!"


    "Hey, hey, can you choose the name of this anonymous function? Who can choose Xianglin Sao!"


    The request from the spectator was answered, the nickname was random and could not be selected.


    However, the small website always pays attention to the user''s user experience, and soon the backend operates a Xianglin Sao from Xiecheng appeared.


    Unlike "Erlang Shen", "Xianglin Sao" shares the process of her quarrel with personnel.


    Such sharing made others unable to help remind: "Don''t say this, if you say that, people and things will definitely know who you are."


    Xianglin Sao was not enough for Xianglin, so she said directly: "I''m afraid of a bird? I''m all Xianglin Sao, I''m afraid of a bird? Come on, wolf, come here, I have Amao for you to eat!"


    With the anger of the employees of Huicheng, the user of the fake insurance policy also appeared in the post. He did not anonymize and directly stated the relevant matters, accusing Huicheng of shirking the responsibility of responding.


    For a time, Baixiaosheng was very lively, and it continued to bring new traffic and registered users.


    Yu Xing didn''t expect there would be any fake insurance policies, and he felt that there might be new changes, but he could expect continuous user registration.


    Bai Xiaosheng is a new website, and the effect of the last round of bombardment was also very good. However, no matter how good the effect is, the number of users is only tens of thousands. The entire Internet has tens of millions of people in the workplace, which is a huge market that can be explored.


    One melon digs tens of thousands, another melon digs tens of thousands...


    Bai Xiaosheng cannot just pass on word of mouth, he needs more money to get more people to come and eat melons.


    On January 2, 2009, Yu Xing and second-in-command Lu Haiying personally made ground promotions and pushed them to the office of Today Capital in Shencheng.


    Xu Xin doesn’t reply to text messages, right? Then I’ll come to find your employees.


    Yu Xing plans to persist in taking advantage of venture capital institutions before the New Year.


    But that morning, he didn''t expect to directly run into the boss of Today Capital.


    At ten o''clock, Xu Xin arrived at the office with her secretary. As soon as she left the elevator, she saw two sneaky young men.


    She frowned, not understanding why.


    Yu Xing was about to ring the bell when he suddenly turned his head and saw Xu Xin himself.


    He was surprised and happy, and hurriedly stepped forward to introduce himself: "Hello, Mr. Xu, Mr. Xu, I am Yu Xing from Baixiaosheng website. I want to introduce our project to you."


    Xu Xin walked into the company with a blank expression: "Boom out, blow out."


    Yu Xing was shocked: "Hey, hey, Mr. Xu..."


    Seeing that someone really came over to beat him, he felt aggrieved and shouted to Xu Xin, whose figure was about to disappear, "Mr. Xu, I was introduced by Liu Qiangdong!"


    Xu Xin stopped, looked back at Yu Xing, and asked strangely: "How dare you come to find me? Do you know Zhenai.com?"


    Yu Xing smiled at the two employees who stopped, tidied up his clothes, and said calmly: "Why don''t you dare? I am Xu Xin, who is here to find Today Capital, and not the wife of the boss of Zhenai.com."


    (This chapter ends)