Well, I suddenly found a small bug in the article, which did not affect reading, but it would be better to change it, so many of the previous chapters were affected, so don’t care about the changes made.

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Xiaohong’s cup is that the content they target is traffic-based content, so it must be fast. Soul-like and irreplaceable content ecological communities can develop slowly, such as C-Wu, B-Waiting, they do not.

Lu Yu left with a thoughtful look, and Chu Yuanxi was also inspired, so he posted a message on his Moments to mourn Xiaohong account, which had not won the victory in the Baren. You are leaving too fast! We just spent the cost of the account creation and didn't show off yet, why did you lose your money! Only ours has the largest loss rate in the entire network, and it didn't run away...

As a result, he found that the liked person talked and usually posted a circle of friends. With the size of Chu Yuanxi, when employees were asked not to like, they basically had to exceed one screen of likes. Today, there were only about 30. What's the situation?

I felt unsatisfied, so he immediately sent another one - I just had no money, otherwise I would immediately make a social app to fill the gaps in grass-planting social networking, and copy the interface according to Ins, and it will be a month-long job, perfect!

This time it was different, and the following suddenly became lively. The main reason is that it is indeed a good opportunity to make a social alternative to fill it. Unfortunately, many people are unable to create a platform even if they have the ability to make apps.

This opportunity only belongs to large companies that already have mature social categories above scale, because the time window is too short. Only by directly washing can you grab this pit at the fastest speed. After all, Xiaohong was only removed from the shelves from various download channels, and was not banned. It is certain that the challenger's speed of opening up the situation must exceed Xiaohong's recovery speed.

So Chu Yuanxi just talked and didn't plan to do it at all. He didn't expect to cause the demons to dance around, some supporting actors, some betting, some motivation, and some suppression. Then Zhang Ming actually left a message - Do you need money? I'll invest and do it!

Be your sister? Chu Yuanxi hasn't chatted with Zhang Ming for a while recently, and it seems that he should be blowing the wind on him, at least get close to it, and then find an opportunity to blow the wind out naturally.

Chu Yuanxi replied - After thinking about it, I currently need to focus on my main business. Restraint, I must be restrained!

On the other side of the network, Zhang Ming fell into deep thought because everyone understands the truth. The resources of the Toutiao system just meet all the hardware conditions for doing this social networking, but do not meet the soft conditions. The Toutiao system has never established its own social attributes. With Feidao and Duoshan's continuous pujie, he is already very cautious. A company such a large can't stand the same field and can't stand three streets in a row within a year.

Therefore, doing it can be done, but what about finishing the app? This opportunity is really grasped by the headlines? And what did you seize it?

Although this grass-planting social networking is also called social networking, it is still e-commerce social networking in the final analysis. It has a ceiling, and cannot develop into Weibo, and it cannot become an ins. For others, this is a valuation of hundreds of billions of yuan, but for the Toutiao system, even if it is done through hard work, it is a successful training, which is very useless.

So through investment, it is a good option, giving the use of idle ribs to white gloves, and making progress and retreat. By this year, the Toutiao app assembly line factory no longer pursues everything for itself, and foreign investment has become a regular option outside of developing a new app.

However, Chu Yuanxi is too unreasonable, especially the reply from this circle of friends made Zhang Ming angry. Do you know how to focus on your main business? Has your main business become a seller of snacks? From a high-end self-media to selling snacks, you have fallen!

Thinking of this, he opened Chu Yuanxi’s WeChat and sent it: I really don’t do it? This opportunity is very rare. You can do it through any subject.

Chu Yuanxi thought, "I can't do it through any subject, big brother! Why are you planning to take this opportunity to invest in Xiaokang? Now is not the time for Xiaokang to open up financing for giants. As for Baren, Baren's situation is the simplest. Only strategic exchanges can allow Chu Yuanxi to release his share, or the money is really too much, breaking his psychological defense.

Speaking of which, the situation in Baren is actually already obvious in the industry. Any ambitious startup has recorded such a strong cash flow, especially the continuous cash flow without any signs of exhaustion, which is nothing more than a few things. First, foreign investment, wide planting and small harvesting; second, establish a new R&D direction, open up multiple new fronts to expand territory; third, do mergers and acquisitions, whether cross-border mergers or vertical mergers and acquisitions. In short, no matter which one is the same, it is a large expenditure and all money has to be spent.

For example, the Toutiao system has extremely abundant cash flow, so it has been fighting. In e-commerce, I stabbed Jack Ma and soft-knife. The Toutiao system's e-commerce product is called "Visit Dot". Jack Ma is very crafty and has a quiet mind. The Value Dot fell into an ambush and soon lost. Then Douyin had a b-minded heart, so it launched an e-commerce traffic diversion business, following Jack Ma's in-depth cooperation.

After that, the firepower was turned on socializing. The Penguin gave Toutiao two consecutive strikes without even breathing. Zhang Ming was still unstoppable, but he could only continue to lie dormant for the time being.

Then he fought with Baidu to search, and then sued for infringement because of top1. Relatively speaking, this is the most likely battle to win. For the Toutiao system, a draw and scraping the search field is actually a win.

In other words, Chu Yuanxi's core business to challenge Bat at the same time is to stay in Yuan Jing's words, but the Toutiao Group is already doing this!

The Baren is different. Of course, the income cannot be comparable to the Toutiao system, but in terms of profit, the Toutiao system's financial report is a loss. We will not pursue the money that earns. Anyway, Baren makes a huge profit. But Baren basically only enters and does not leave. Most of the expenses are employee wages and content production costs on the existing product line. A very small number are procurement copyrights and Zhu Chi's expenses. Like Pixiu, they are just eating and unable to get enough. Billions of cash have been lying on the account.

A rare large expenditure that can be seen at present is the robot content plan proposed by Chu Yuan Xixin. This is a new product line, but the cost is not too expensive. It will definitely cost less than 10 million to purchase robots, which is simply not worth mentioning compared to the income of Baren.

So it’s said that being a self-media saves money, invests in small amounts and produces large amounts, leading the new economic era.

In fact, there are two unspread bullets in the Toutiao system, one of which is to acquire Hammer to make a smartphone. Chu Yuanxi doesn’t know about this, and we dare not ask. On the other hand, they are extremely unoptimistic. Are Alibaba and Tencent unable to make mobile phones? Obviously not, but even Xiaomi ov was hit by Huawei after the dividend peaked. Can Hammer be expected? This bullet is very likely to become a dud.

However, the other bullet is at least at the level of the flowering bullet. To this day, the Toutiao system has fully met all the necessary conditions to enter the game field. The one that is worse now is the game that can be played. Therefore, in the foreseeable future, it is a foregone conclusion to touch the softest core area of ​​Antarctica. What is undecided is whether it is a self-developed game or an agency release.

In short, this matter is enough for Pony to have a headache. It is also the reason that Chu Yuanxi listed Zhang Ming as another potential buyer behind Jack Ma who is a potential buyer of Baren Games Branch.

Therefore, you cannot refuse Zhang Ming at will, you must be meticulous.

Chu Yuanxi said this: Big Boss, it is because the opportunity is rare, so you have to consider that you may see several similar social products appearing in the next month. Although Xiaohong is not the best, it does occupy a relatively profitable category. Last year's GMV was almost 10 billion, and there must be big companies that are willing to try. I think it has no future.

Zhang Ming suddenly wanted to say: "I don't want you to think, I just want me to think, listen to me!"

But this is too shameful to say. Just when he was struggling, Chu Yuanxi suddenly asked: Big Boss, you have also started to invest in foreign countries? What's the reason?

Zhang Ming smiled slightly: Investment is a must-have investment, as for why? Because good investment targets must be invested. I don’t invest in everything like Shuangma. At present, I only invest in necessary supplements in the headline ecosystem. If you follow the news, you will soon see our big moves.

Chu Yuanxi: Is this also a secret? Is it necessary to keep it a secret? By the way, you have been buying the hammer for several months, is it necessary?

Zhang Ming: It’s not a secret, so we didn’t deliberately cover it up. Now we can basically confirm that we want to acquire Hubai, and then we will raise the F round of funding... Well, we want to bid with Kuaishou Baidu. It is not very rational at the moment and the valuation is very unreasonable.

Chu Yuanxi put the Toutiao system with Baidu, Kuaishou and Mouhu together, and the inexplicable feeling was particularly inconsistent. Zhang Ming's meaning seemed to be less determined.

Soon, he frowned and sent a message: I think you should be more irrational. At this time, don’t worry about the valuation and have to go in no matter what.

Zhang Ming: Your thoughts are too extreme. We must have thought of everything you can think of.

Chu Yuanxi: Have you ever wanted to go in and disrupt? Not for positive cooperation, but for destructive investment?

Zhang Ming didn't say anything for a long time...

Just when Chu Yuanxi thought he wanted to hide his god, he saw a passage on WeChat: You see that the problem is too superficial, how could the penguin allow me to throw in safely? I was also suffering when I entered, and I couldn't get the same conditions and couldn't disturb it. The only thing I need now is time, and I don't need to defeat anyone, I just need to live well. The time wasted on a certain matter doesn't matter to others, but may be fatal to me.

This is so obscure... Chu Yuanxi said that he might not understand it if he changed his person. This actually means that capital is holding a knife behind him.

The only motivation for a company with a valuation of hundreds of billions of yuan is the investment agreement and the terms of betting. For those who have a glamorous entrepreneurial experience, they will basically not be too difficult before the B round, but after the C round, various terms will never be so easy, and it is impossible to just rely on the scale of growth.

Although it is not like Chu Yuanxi feels ignorant in the original world, there must be complex standards for performance requirements. Especially since Toutiao has even done pre_ipo, the valuation of more than 500 billion cannot be supported by advertising revenue alone.

So Zhang Mingcai said that the only thing you need is time, what you need is not to defeat who you want but to survive. Only with time can you have more room for business lines to expand, convert scale into profits, and win a bet on capital.

But the problem is that Chu Yuanxi's perspective is completely different from Zhang Ming. Zhang Ming looked away, and Chu Yuanxi looked closer. Don't talk about any strategy. If Mouhu succeeds by Baidu and then signs a strategic agreement, it will be repeated in the scene where Sogou searches for the content of the official account.

You can directly search for content from Hu in Baidu's engine. As a community with huge growth space, it is definitely welcome. Baidu will get a mouthful of milk. What they lack the most is content...

With the fact that the Toutiao group is fighting with Baidu, let Baidu suck this divine milk, maybe it will be lifted up. Can you just collect each other and satisfy each other?

I saw Zhang Ming send a smile expression dedicated to the elderly: Now for me, the content is not a problem, my difficulty is to redefine the value of traffic. Baidu only needs content support, what I want is something deeper. Moreover, there are also problems with the number of users, and the community atmosphere of respecting professional and rational discussions is constantly being destroyed.

Chu Yuanxi said, "You are so embarrassed to say it!" The Internet was chaotic by you, a group of people who were scrambling the fence. But that's it, if he sat on Zhang Ming's seat, he would only be more secure. The so-called redefining the value of traffic is to increase the value of arpu. In the past, it would be fine if you just fetch a dime for users a day, but now you fetch a Sanmao, which redefines the value of traffic. However, if you want to define it like this, the fence must be extremely solid so that users can't even get out.

Similarly, if it were him, he would have to take it down at any cost. You should know that Chu Yuanxi still dared not go to Zhuangrui and only dared to pretend on Weibo. Why? Because the internet celebrity took off his hair three minutes after going to Maohui, there were many corpses. This is called "I have a b-sense".

What does this mean? It means that the user value on a certain horizon is high. The characteristic of a certain horizon is that only high-quality questions can get high-quality and large-scale answers. Therefore, ordinary users are worried about it. Which heat must contain high-quality information. This community atmosphere is easy to generate high-value users. Originally, a user is not worth a high-quality information, so it improves its value by absorbing high-quality information on a certain horizon. Of course, those professional zhuangability are excluded.

To redefine the value of traffic, it is best to find high-value traffic to define it. No matter how much you define low-priced traffic, it is useless. In total, you can't get two sheep that have grown a handful of fur.

It can be said that users on Mouhu and Douyin are two extremes, one represents hard-core leeks and the other represents entertainment until death. According to the American strategy master Rebuzinski, the latter is called **le. Although the former is often just getting off the plane in the United States, if you have to choose a wave to cut, Chu Yuanxi is still more willing to cut the former leeks.

At this moment, Lu Yu suddenly sent a message, and the customer responded on Weibo.

Chu Yuanxi had no choice but to suppress his desire to continue to blow the wind to Zhang Ming. Anyway, Zhang Ming probably would have to work on searching and content recently, so games should not be the most urgent thing.

When I opened Weibo, I saw that the doorkeeper was quite bright and directly responded politely in A Ya's tone. This reply was not a rejection, but a sense of distance was very good, but Chu Yuanxi didn't care. He always said that he would "I'll tell you, do you dare to agree?" As long as he agreed, he would be a series of condoms.

Chu Yuanxi’s Weibo has not been kicked off by Lu Yu yet, so he went back directly: I don’t have to be so polite. I think using self-media as a sharp tool for new retail is a good idea, and we are also doing it. If you have time to find a place where no one can discuss it privately and discuss the operating model under the new economic pattern, everyone will benefit.

Even in the WeChat group, if two people talk like this, the person who eats the melon will shout "There is an affair" and then starts to cheer and fight, let alone on Weibo.

Chu Yuanxi logged out after posting, regardless of whether others were alive or not, or how the customer headquarters viewed this Weibo post, he had to prepare for a meeting with Guan Xin tomorrow. But the atmosphere on the customer's side was already quite strange.

Kaimenke's flagship store opened today, and since they also adopted Costco's annual membership policy, there is no option to refund. As an emerging startup, they have no reputation and no brand appeal, and others do not know the low-price discounts of their opening and reward activities.

So although some people pre-register, there are very few people.

A Ya's efforts on Douyin have played a very good role, adding 100,000 fans. The problem is that these fans are also distributed around the world. Among them, those who are willing to pay the membership fee in advance and become a member of the Opening Party are better than none. What is shown is that the conversion rate is extremely low.

In this case, Chu Yuanxi praised A Ya on Weibo, making A Ya's face look like a pig's liver in the conference room, unable to go up or down, especially the newly promoted executives, who looked at him with a very strange look.

The reason why flagship stores are so unrestrained is mainly because the pressure of competition is too great, not supply chain competition or goods price competition, but when the Ministry of Commerce documents come out, a large number of convenience stores like flies flying around, intercepting the normal passenger flow. Their medium-sized supermarkets are like lions on the grassland, and convenience stores are like wolves on the grassland. Even evil tigers are inferior to wolves, let alone lions.

So, seeing that the business was opened, my strategy of not letting the members enter the door was extremely eye-catching. The key among the key became whether the earth-pushing activity of opening the door was powerful. If the user was caught on the spot, the door would be in vain if it was not powerful!
Chapter completed!