You call this entrepreneurship?

Chapter 108 Don’t worry

At this time Zheng Nan jumped out again and interrupted Taylor, "Taylor!"

"Zheng, don't interrupt me!" Taylor said angrily, "The linkage between Facebook and the campus network is the most exciting part of Facebook's globalization. It will be a perfect business case."

Zheng Nan quickly said: "The most appropriate choice for American Facebook to enter Canada is the first step. The culture and language are similar, so why come to China."

"Facebook and Campus Network are in the west and east, connecting the Internet social networks of two big countries. This is a very good gimmick." Taylor said to himself, "You can't even imagine how much impact it will have on the next round of valuations. Not even."

"Campus Network was established earlier than Facebook. If Facebook develops well, the merger will not affect the valuation at all." Zheng Nan replied, "There are huge differences between the United States and China Internet. The merger effect of the two may not be as good as yours." Such a good idea."

"How will you know if you don't try?" Taylor asked angrily.

"You have to be stubborn!" Zheng Nan shouted back again.

"John, speak for yourself, don't let Zheng answer for you every time!" Taylor shouted, raising his voice, "You can't violate our agreement."

Zheng Nan laughed angrily, "What about you violating the agreement with Sequoia China?"

Taylor was choked, blushing and silent.

The conference room fell silent again.

Zheng Nan said calmly: "The previous plan was for localized operations and a decentralized management mechanism. There will be no headquarters and we will develop independently. Except for global affairs such as brand, culture, and compliance, we will make independent decisions on everything else."

"We are very optimistic about the development of campus network in China Internet. We have just prepared to invest. Mr. Taylor, do you want to stop us?"

"Also, Campus Network is a local Internet company in China. Taylor, if you continue to interfere, you will have crossed the line."

Taylor held it in for a long time, and finally said "Fake!"

In itself, it was a risky move for him to force Qin Shaoyan to agree to merge the campus networks, and it was a fait accompli that Sequoia China didn't notice.

As a result, Sequoia Huaxia reacted quickly and jumped out to mess with Huang.

Taylor had no way to argue because he had indeed crossed a line.

Seeing that the time was almost up, Qin Shaoyan stood up at this time and said, "Don't argue, let's be harmonious and make money."

"Taylor, I think Mr. Zheng's statement is very reasonable. If Facebook starts globalization, choosing Canada as its first stop is the best choice."

"The risk of merging with the campus network is too high and is not a wise plan."

Taylor frowned, "I didn't say the first choice was the campus network, I meant at the right time."

Zheng Nan immediately reminded: "This appropriate time does not exist."

Taylor looked very displeased and pinched his forehead with his fingers.

Qin Shaoyan continued to persuade: "Facebook is developing very fast now, and its valuation may be changing every day. We can't waste our energy on such trivial matters."

"This is no small matter." Taylor said with a frown.

"Taylor." Qin Shaoyan looked at Taylor sincerely, "Don't forget that the main purpose of your visit this time is to check out the group buying business model of the campus network. This is the most important thing."

"As for mergers and stuff, those are all details. That's how we discussed it when we first discussed it."

“Quickly verify the new business model and then try to replicate it on Facebook. This is what we want to do.”

Taylor finally came to his senses. He really couldn't throw this matter away just because of a little disagreement.

Qin Shaoyan said as he picked up his notebook, opened the PPT, and said to Taylor.

"Let's talk about our group buying model."

At this time, Zheng Nan also sat up straight, showing an interested expression.

He had always heard about the new business model of the campus network, but Qin Shaoyan didn't know much about what this new business model was. "The group buying model I designed for Facebook is similar to that in China, but slightly different." Qin Shaoyan stood up, "It has three advantages."

“First, it’s simple and clear. After users log in to the mall page, they don’t need to search for the product they want among the dazzling products. The entire website homepage only provides one product!”

"To prevent netizens from spending a lot of time browsing irrelevant pages. We conduct big data comparisons with merchants in advance to accurately grasp users' pain points, saving users a lot of comparison time, allowing users to quickly make a decision on whether to buy."

"For example, in this back-to-school promotion, we chose computers as the main discounted product."

"Second, the win-win model. Group buying is a win-win e-commerce and offline consumption model for all parties. Users, merchants and website platforms each get what they need, so that resource allocation can be maximized."

"Third, it's cheap. E-commerce can provide very low discounts, which is more attractive to students with limited financial budgets."

Zheng Nan and Taylor listened attentively, looking at the PPT and falling into thinking.

"The future Facebook group buying model cannot be limited to electronic products, clothing, shoes and hats. We will also provide expanded services." Qin Shaoyan switched to a radiation map.

"For example, students' consumption desire will be stronger on weekends, such as catering, movie tickets, tourist attraction tickets, and hotel reservations. We can design larger group buying packages to suit the preferences of young people."

“Imagine, when users don’t know how to spend their weekends, the website provides high-quality and low-priced dining spots, discounted attraction tickets, and comfortable and warm hotel suites. How attractive it is to young people.”

Zheng Nan and others looked at each other with satisfied expressions.

The business model and development plan are very clear, and there is no problem with the logic of providing services to specific groups of people.

Taylor was also attracted by this beautiful blueprint at this time, and put the unhappiness behind his mind, "What a great idea, connecting online dating and offline entertainment. John, you really have a great idea."

"Of course, this is just a preliminary idea." Qin Shaoyan put away the PPT, "It will take some time and manpower to open up the offline mode, and all of this will cost money."

"Money is not an issue." Taylor said generously immediately, "That will allow us to see what the initial business model of group buying is like."

Qin Shaoyan immediately opened the campus network and showed everyone the promotional advertisement and the page of Jingdong Mall.

On the main page of Jingdong Mall, there is a huge computer picture with red fonts saying "Super low price, high configuration, 5699 yuan!"

"This is our main discount product. If you buy it in an offline store, the same configuration will cost 6900 yuan." Qin Shaoyan said with a smile, "We have lowered the price by yuan, and at the same time, the coupons provided by the website have also reduced the price. Five hundred yuan."

"In less than half a day after it went online, 20,000 users have already reserved computers. This is only the sales volume in two cities."

Taylor applauded and nodded, "Very good results. Can I go and see it on site?"

"It's absolutely okay." Qin Shaoyan said confidently that it was no problem.

He wasn't cheating, so he wasn't afraid of Taylor seeing it.

Naturally, Zheng Nan wanted to follow him. He wanted to take a look at Jingdong Mall's logistics and delivery capabilities.

Qin Shaoyan took two groups of people on the bus and walked around several campuses in the HD area.

Taylor and Zheng Nan saw with their own eyes the Jingdong couriers wearing red vests shuttled back and forth, delivering computers to the campus one after another.

"John." Taylor shook Qin Shaoyan's hand, "Go to the United States as soon as possible. We will sign the financing contract. I can't wait to see this scene on an American campus."

Qin Shaoyan replied with a smile: "Me too."

After seeing Taylor off, Qin Shaoyan turned to look at Zheng Nan, "Mr. Zheng, what do you think?"

"It's pretty good." Zheng Nan said truthfully, "It's just that we're still a bit unsure about the valuation."

Qin Shaoyan smiled and said, "It's okay. You can take another look. Don't worry."

Mr. Zheng, please take your time and look at it. It won’t be this price when I come back from the United States.

(End of this chapter)