Becoming Rich with Daily Scavenging APP-Chapter 494: Parting Ways with Jindong

Capital is indeed a big problem.

Chen Yiyang has quite a few assets under his name, but to obtain cash, unless he cashes out, relying solely on dividends really doesn’t amount to much.

If Jindong is willing to continue participating in the flash sale war, Chen Yiyang might still have money to hold on.

But if Jindong exits the stage, then things will be difficult for him.

Chen Yiyang could only ask Liu Xiaoyue to wait and see Jindong’s attitude.

The result wasn’t unexpected for Chen Yiyang; after a few days, Liu Qiangxi invited Chen Yiyang to a very solemn occasion to inform him of Jindong’s decision.

The two sides would continue cooperating in food delivery, but Jindong would no longer follow up in the subsidy war of flash sales.

Furthermore, it was stated that Chen Yiyang could spin off the flash sale business to operate independently, with Jindong giving up its original rights and shares.

Chen Yiyang understood Liu Qiangxi’s decision.

Jindong’s e-commerce experience is already infinitely close to flash sales, and Liu Qiangxi agreed to let Chen Yiyang enter the food delivery field because he saw that Ugly Group was preparing to enter the flash sale field, posing a threat.

But just the war in the food delivery field has already significantly increased Jindong’s expenditures.

If adding hundreds of billions more to the already somewhat overlapping flash sales in terms of subsidy, it would instead harm Jindong’s original business.

Since that’s the case, let’s just part ways.

Chen Yiyang had the team handle the subsequent contract matters with Jindong.

Then he and Liu Qiangxi went out for drinks alone.

"Brother, I’ll be honest." Liu Qiangxi said, having become more candid after a few drinks.

"Doing business is really difficult. Don’t just look at me having gone from nothing to now having a net worth of billions.

But if I want to take a few more steps forward, it’s as hard as climbing to heaven. Even keeping the current net worth is already very difficult.

Ali, Tengxu, behind which of these companies are not countless investors and financial interest groups supporting them.

They can afford to invest, and they can afford to lose. Failing a few times doesn’t matter, but Jindong fails once, then it’s falling into the abyss."

"I understand, I understand." Chen Yiyang nodded, patting Liu Qiangxi on the shoulder.

He truly sympathized with Liu Qiangxi’s complaints.

He also doesn’t have too many interest entanglements behind him, just like Liu Qiangxi, who climbed up from the bottom.

But precisely because of that, many times, Chen Yiyang was fighting alone, without even a trusted ally by his side.

This time with Ali joining the flash sale war, he came to the realization.

It seems some people inside Ali have been hunting him, actually to cover the subsidy war in the flash sale.

If they could make Chen Yiyang’s capital encounter circulation difficulties.

Then in the flash sale field, Chen Yiyang would ironically be the first to fall behind, and eventually, only Ugly Group and Ali would remain.

These two might never determine a winner, but such a big market is enough for the two.

Chen Yiyang was the one being prepared to eliminate.

Hence, Tengxu’s previous attitude was so ambiguous.

Wu Changxun only hinted to him when it was time to buy Yingkumi shares.

Because Ugly Group’s major shareholder is Tengxu.

Tengxu probably already knew what was going on, so they just watched as Chen Yiyang was targeted from all sides.

Just hoping Chen Yiyang would run out of cash and exit the flash sale war.

But this also sparked Chen Yiyang’s fighting spirit.

With so many domestic giants, what’s wrong with me being another one?

Why are they so worried about me entering the flash sale field and becoming a new giant?

After sending off Liu Qiangxi, Chen Yiyang returned to Lin’an and discussed with the team.

Since they’ve parted ways with Jindong, might as well directly rename Flash Sale into Yiyang Flash Sale.

This way, they could even form synergy with Yiyang Automobile to expand brand awareness.

However, without Jindong as a huge traffic gateway, Chen Yiyang still needed to find a new app with high daily active users to drive traffic for Yiyang Flash Sale and attract new customers.

Otherwise, relying solely on advertising would make the costs of attracting new customers sky-high, making it impossible to compete with the other two flash sales.

"The app with the best driving effect is unquestionably Douyin," Liu Xiaoyue said, "But Douyin itself has e-commerce business, and there’s no guarantee it won’t enter the flash sale business in the future; partnering with them carries the risk of being swallowed up."

"Apps with super high daily active users, let me think." Chen Yiyang pondered over the currently popular apps, suddenly recalling one.

"Bilibili, this video site’s daily active users are also high."

"But the commercial value of Bilibili’s users is very low," Liu Xiaoyue said, "Moreover, Bilibili has been losing money for years; acquiring it might just become a burden."

"I don’t think so." Chen Yiyang had studied Bilibili as well.

The commercial value of Bilibili’s users isn’t low; rather, there’s a major problem with Bilibili’s operations, as they never developed the user’s commercial value, which turned loyal users against Bilibili.

As the saying goes.

Either forget about building a memorial archway or don’t dismantle it once it’s built.

Bilibili belongs to the type that crazily built archways early on, gaining lots of goodwill.

But later on, feeling this wasn’t profitable, they started dismantling their own archways, leading users to resent Bilibili’s operations.

Just take the simplest case of Premium Membership.

Indeed, Bilibili’s Premium Membership is not very useful, but Bilibili initially promised that Premium Membership would only provide better picture quality, and most anime and movies would be free, plus gifting advanced users six months of membership annually.

The promises barely lasted a year before they were broken.

Then there’s the fact that Bilibili could have earned money via partnerships with anime game companies, yet they went on to pursue celebrity traffic, signing various female streamers.

As a result, they didn’t earn a penny but lost money frantically.

Then Bilibili realized the mistake, finding it better to continue with anime games. 𝒻𝑟𝘦𝘦𝘸ℯ𝒷𝑛𝘰𝓋ℯ𝘭.𝘤𝘰𝘮

Then they were embezzled by insiders, buying many shell companies and junk gaming companies, wasting money.

It’s safe to say all of Bilibili’s losses stem from their reckless investments.

If they had honestly focused on being a video platform, while not making much, they wouldn’t have lost much either.

Then find ways to monetize traffic, allowing for a comfortable lifestyle.

"Here’s the plan, we’ll prepare from both sides. First, discuss cooperation matters with Douyin. Then, hire a professional team to assess the cost for acquiring Bilibili’s controlling stake."

After saying this, Chen Yiyang thought for a moment and then added.

"Moreover, you all can see if there are any promising software in the market that we can invest in ahead of time."

After giving out instructions, Chen Yiyang was invited by Historian in the evening to tour the private museum he was about to build.

The museum spans three stories, covering an area of over two thousand square meters.

The scale is quite big.

"I’ll arrange for some students to volunteer here, ensuring your collection will be well taken care of."