I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"Industry?"

Hu Sen raised an eyebrow and searched for some documents in the notebook in front of him.

It was not long after that he gave Jiang Hao a complete account of the current state of the industry.

“I haven’t counted the exact number of users, but it should have exceeded 100 million.”

"I have discussed other situations with several colleagues. The total number of users this year alone has increased by at least 7 times compared to last year."

"In addition, investment banks have provided 400 billion RMB to shared bikes so far."

"10% of the funds are used for the actual deployment of vehicles, about 40 billion yuan."

"As for the deployment of vehicles, OFO alone has already exceeded 3000 million vehicles."

"As for Aomori bikes, we have about 4-5% of the market share, and more than 70% of the main share is owned by OFO and Mobike."

At this moment Jiang Hao finally understood it. No wonder Hu Sen was still not confident even though Qingsen's cycling had reached this level.

The sentiment in the entire industry is growing faster than Aomori Cycling!

This kind of unlimited capital support to drive the industry is truly astonishing.

He thought Aomori would have at least 10% of the market share, but who knew it would be even lower than he imagined.

"Boss Jiang, do you think there is still a chance in Qingsen's situation?"

Seeing that all industry situations including the general development situation of Aomori had been explained clearly, Mr. Wang started to communicate with Jiang Hao.

"As far as I know, OFO has actually started the process of going public. If SoftBank invests 18 billion US dollars, the listing should be completed next year."

Hearing this, Hu Sen seemed to be hesitant to speak.

But when he saw and thought of Jiang Hao's calm attitude when he first came, he held it in.

However, seeing his look, Mr. Wang gave Hu Sen a reassurance first.

"I'm not against this round of financing. In fact, it was me who took the initiative to push Lao Hu to do the B round of Qingsen Cycling."

"That's Aomori's original strategy. Do you want to...?"

Mr. Wang didn't continue speaking, but Jiang Hao understood what he meant.

The original plan was that Aomori Cycling would be the link for cooperation between Haijing and Meituan, and that Jiangnan Quick Payment would be brought in as well.

Only now do we have a complete credit rating and a series of collaborations between Meituan and Haijing.

At the same time, we also hope that Aomori Cycling can maintain a certain share in the shared bicycle market and move forward steadily.

It's just the current market share and development performance.

The only thing that Aomori can show off is its profitability. Even if it is not much, it is only a few million a month after deducting the maintenance costs, but it is indeed profitable.

Everything else is not worth mentioning, which makes Mr. Wang somewhat hesitant about his original business model.

"Mr. Wang, I think there is nothing wrong with our current business model."

"Now all Haijing lacks is time."

At this critical juncture, OFO is at the final critical juncture before its collapse and the industry is rectified by policies.

Changing the business model at this time and following others' old path would be truly suicidal.

Jiang Hao was determined at this moment and explained to Mr. Wang again.

“The development of cycling in Aomori is a bit slow compared to the whole industry, but the model is absolutely fine.”

“Which shared bike company is truly profitable on the market right now?”

"The business model has actually proven Aomori's potential. What remains is accumulation."

...

"Boss Jiang, I'm just afraid of time!"

“I’m afraid that while Aomori is still accumulating capital, OFO and Mobike will have already gone public and then completely take over the entire market.”

"By then, even if they don't make money, Aomori will have to face bankruptcy!"

Mr. Wang is very anxious now, but he is not worried about the bankruptcy of Aomori Cycling.

He only invested a total of 300 million yuan in this enterprise, and he didn't even take the loss of money caused by the bankruptcy seriously.

The main concern is about the share in the sharing economy. Meituan is worried that it has made a wrong bet and will miss out on this piece of fat meat in this industry.

In the end, he could only win the entire channel fees from a few companies, which was naturally inconsistent with his original intention.

"Haha! Mr. Wang, you don't have to worry about this."

“I’m sure OFO won’t be able to go public!”

...

"Boss Jiang, what do you base your judgment on?"

Mr. Wang was somewhat curious about Jiang Hao's attitude.

He now understands Jiang Hao's character and knows that Jiang Hao must be sure before he says this.

At the same time, he kept thinking about the possibility of Jiang Hao's words in his mind.

"Because their company's financial situation is problematic!"

"For companies that take deposits to financial institutions and want to go public, it will be very difficult to pass the domestic approval process."

"Boss Wang, think about it yourself. With five rounds of financing a year and various investments, including such a rough operating model, it would be strange if the financial situation could be handled well!"

We are all running businesses, and it is difficult for most companies to strike a good financial balance with two rounds of financing a year.

Not to mention that the company raised funds five times a year, and there was also Qi Jie, a person Jiang Hao didn't think highly of.

"That's true, but... these are just your guesses, Mr. Jiang, right?"

Mr. Wang had actually thought about Jiang Hao's statement. Having started a business before, he was very clear about these basic situations.

The last company to receive such crazy financing was Didi, and the result is needless to say.

The financial situation is in a mess and it has not been able to go public yet!

But he was still a little worried in his heart, because he didn't have the memory of his past life like Jiang Hao, so he sat in the office with a confident look on his face.

"Mr. Wang, please believe me this time. Even if Qingsen Cycling does not conduct this B round of financing, I think it will have to continue to maintain this business model for another year, at most one year!"

Ultimately, it was the listing of Totoro and the performance of Haijing and Jiang Hao's various investments that won Mr. Wang's trust.

At the moment, Mr. Wang finally accepted Jiang Hao's advice and carried out a round B financing for Qingsen Cycling while maintaining the original business model.

"Brother Hu, how much capital do you still need? What is your expected valuation?"

"It's just the three of us, so we can just say it directly."

This round of B financing was a communication between the original founder Hu Sen and two old investors.

There is no new round of investors entering the market, so naturally there is no need to discuss this financing in a formal manner.

Currently, only the two of them are optimistic about Aomori Cycling. The actual valuation cannot be discussed. It is just a matter of how much funds are needed for development, and the two of them just need to pay the money.

"I hope to have another 2-3 million yuan in funding to expand the number of bicycles to 5-6 million and the number of users to more than million."

"As for the valuation, please tell me, Mr. Jiang."

Hu Sen obviously had no say in the valuation, so he took the initiative to throw it to Jiang Hao.

Based on Aomori Cycling’s current fixed assets, its market value cannot be too low.

Considering the subsequent collapse of OFO, we still have to continue to support Brother Hu on this key point.

"Mr. Wang, how about we invest 3 million together? Or you can just name the number and I'll make up the difference."

...

"No need for that! Let's just split it in half. It's up to you, Mr. Jiang."

"Then let's do this. Based on the 15 billion RMB valuation, Mr. Wang and I will invest 3 million RMB together and each take 10% of the shares."