Chapter 556: Chapter 556: Acquiring a Future Giant

Company

Jiang Xu had intended to go to the company.

But suddenly, he received an invitation from Jack Ma.

He had come to Magic City.

Seeing President Ma again, he was full of vigor, commanding respect and authority.

In the following years on the internet, he was the absolute protagonist.

A multitude of fans.

Many were drawn to his bold statements and some of his innovations.

Unfortunately…

Jiang Xu had no intention of reminding him of anything.

Even if he did, with his current achievements, he wouldn’t take it seriously and might even offend him.

“Haha, Mr. Jiang is still as handsome as ever.”

“Not as suave as you, President Ma.”

When they met, they exchanged pleasantries, and President Ma had drinks and dishes served, and even summoned a dozen women in ancient costumes to dance.

The life of the rich is just so simple and unadorned.

“President Ma, did you come here for fun, or…?”

“Came to meet a young man, and check if there’s any investment potential.”

Jiang Xu’s interest was piqued.

If he aimed to invest, it was good news for the company he had his eyes on.

But it was bad news for the users.

After all, he was very aware that the group he belonged to was such that if they invested in or acquired a company, it would tank.

“Which company is it that has caught President Ma’s favor?”

“It’s called Tuanmei, they are in the food delivery business,” President Ma said after sipping some Moutai. “In my opinion, the food delivery industry is the next big wave.”

In fact, the food delivery industry had been around since 2008.

The name was also quite familiar, called Baoleme.

However, it completely fell behind in the competition with Tuanmei and saw its market share shrink drastically.

Later, Baoleme was sold entirely to Ali.

President Ma, seeing Jiang Xu’s expression, smiled and said, “If Mr. Jiang is interested, you can invest a bit too when they arrive later.

Jiang Xu did not respond, merely saying he would see later.

In his heart, he actually intended to invest.

Tuanmei’s initial public offering was at 69.

Two years after listing, its stock price had soared threefold.

At its peak, its market value reached a terrifying 2.5 trillion!

As for Baoleme, it might not have been on par with Tuanmei.

But a few years later, its founder sold all his shares to Ali for the astounding price of 95 billion Mei Gold.

Poor fellow, a post-8os entrepreneur, at such a young age, he had lost the drive to strive and could only live a life surrounded by good food, good drinks, and beautiful women.

It wasn’t long before there was a knock at the door.

Subsequently, a plainly dressed man walked in.

“President Ma… Ah, this is… Mr. Jiang…”

He was very surprised to see Jiang Xu.

He was a bit nervous already, and now he was even more so.

President Ma said with a smile to Jiang Xu, “Wang Xing, one of the founders of Tuanmei.”

Jiang Xu smiled, “I’ve long admired your name, please have a seat.” Wang Xing didn’t take it to heart, thinking Jiang Xu was just being polite. He didn’t realize that Jiang Xu truly meant he had heard a lot about him.

Wang Xing hadn’t yet grown into a major player, and his face still bore some signs of youthfulness.

President Ma personally poured him a glass of wine, leaving Wang Xing feeling flattered.

President Ma chuckled, “First, tell us about the current situation with Tuanmei, and what you plan to do going forward.”

“Okay,” Wang Xing nodded and said, “I believe that delivery services will become a trend in the future.

Especially in first-tier, second-tier, and third-tier cities, where they have the highest acceptance. We also plan to start testing in more developed areas first. There is a large number of white-collar workers and high-income groups in first-tier, second-tier, and third-tier cities.

They are willing to pay a little extra for delivery fees to save time for themselves and are more willing to try new things.

Once the market in these cities becomes saturated, expanding into lower-tier markets will be much easier…”

Wang Xing was a bit nervous at first, but as he talked about what he excelled at, his thoughts soon became clear, and he spoke eloquently.

President Ma didn’t speak but listened quietly, with no significant change in expression on his face.

After Wang Xing finished speaking, he held his breath, looking at the two business magnates before him whom, at the moment, he could only look up to. Whether he could secure investment or not was critical to the future development of Dotdot.

“Hmm, what you said is quite good,” President Ma said, stroking his chin, “How much money are you short of now?”

Wang Xing was delighted and quickly replied, “The initial capital has to be at least five hundred million to get started.”

Five hundred million was not a large sum for either President Ma or Jiang Xu. The key question was how much of the company’s shares Wang Xing was willing to offer?

Dotdot was only founded in May of this year.

It couldn’t possibly become well-known and secure financing so quickly. After all, there are quite a few other delivery services in the market. Wang Xing had the chance to be discovered by President Ma at this time, probably because of an element that Jiang Xu had changed.

If so, he should be able to secure a decent share.

“Investing isn’t an issue,” Mr. Jiang said indifferently, “But I have one condition.

That is, apart from President Ma and myself, there shall be no third investor. If you need to raise more capital later on, you must get through President Ma and me first.

If either President Ma or I agree, then you can proceed with additional financing.”

With the clear understanding that Dotdot would become a giant in the delivery industry, naturally, the fewer people who share this huge cake, the better.

If it had been like the previous life, Dotdot later had dozens of shareholders, both large and small, and the cake was divided into who knows how many pieces.

This time President Ma abruptly reminded him.

To take advantage of the situation before Hungry? has risen, and to buy the whole enterprise outright.

Eventually, he would control both the number one and two players in the market.

Even if because of his maneuvers, other delivery companies emerged, there would be no need for too much concern.

If it ever came to a price war that he could no longer compete in, simply selling off his shares would still turn a substantial profit.

“This…” Wang Xing hesitated slightly.

President Ma, on the other hand, said, “That’s right, I mean the same.” inviting Jiang Xu this time was primarily to deepen the connection between them, whether it be a bond or a tie.

To this day, except for Jiang Xu, President Ma had never looked favorably upon any other young person.

To build a good relationship with him, to become closer.

If he ever found himself in a crisis, perhaps he could pull Jiang Xu in to help.

If Jiang Xu knew President Ma’s thoughts, he would probably be surprised at how highly President Ma regarded him.

The three then engaged in intense conversation.

When it came to their own interests, no one was willing to back down. Finally, after more than an hour of negotiation, they settled on the shares. Jiang Xu and President Ma each invested five hundred million, purchasing fifteen percent of the shares from Wang Xing.

To avoid any issues that could arise over time, Jiang Xu immediately had his company’s legal team draft the contract, and they signed it on the spot.

All three parties were more than happy.

Next was the eating and drinking.

It wasn’t until midnight that they were ready to call it a night.

Suddenly, President Ma put his arm around Jiang Xu’s neck and walked to the side, “I have something to tell you.”