Chapter 113: Who will be superior?
"Fourth brother, hurry up, stop playing games, see if you have any open registration."
"Oh, boss, don't worry. It was opened at nine o'clock. It's only 8:30 now, and it's still early."
A quarter of an hour later, the dormitory door was pushed open.
"Hey, didn't you say you wanted to register for a tutor? Why are you still playing games? I see that the next dormitory has been registered."
"Damn it's nine o'clock!"
A similar scene began to take place in cities such as Xi'an, Tianjin, Jinling, Zhengzhou, Changsha, Dongguan, Chenyang, Foshan, and Qindao.
Just at 9:00 a.m. on September 3, the Tutoring Network opened the registration qualifications for students from first-tier universities in 9 cities at one time. In addition to the nine cities that had been covered, the Tutoring Network has completed a comprehensive layout of first-tier and new first-tier cities.
The headquarters of the tutoring network is not only the company's senior management, but also the heads of several investors have traveled thousands of miles to witness this historic day.
"Xi'an, the number of registered students has exceeded 50,000."
"Tianmen has exceeded 40,000."
"Zhengzhou has exceeded 60,000."
“……”
The news of good news spread frequently, and Ni Zewang, the head of Shenzhen Venture Capital, couldn't even close his mouth: "Mr. Fang, Mr. Guo, if this continues, the number of users of the tutoring network exceeds 100 million is just around the corner."
Jiang Hua from Creative Workshop and Zhang Ying from Jingwei Capital were also full of joy. The performance of the tutoring website was so eye-catching, which proved that they were right in spending a lot of money to get on the bus. The capital market has always only judged heroes by success or failure.
Fang Li and Guo Hao looked at each other and said modestly: "Thanks to the strong support of all shareholders."
Several capitals smiled at each other. After completing the acquisition of the tutoring website, Fang Li asked them to make a payment immediately, but the capital also had to follow the process, and the first financing was just in place at the end of August.
In order not to delay the layout of the tutoring network, several financial institutions jointly guaranteed a commercial bank that the bank issued a loan of 80 million yuan at extremely low interest, which also gave Fang Li a new understanding of the power of capital.
"Mr. Fang, what are you going to do next for the tutoring website?" Xu Qing looked at Fang Li with interest.
For a time, Ni Zewang and other capital tycoons also subconsciously looked at Fang Li. Through this period of contact, they keenly discovered that Guo Hao was just a person standing in front of the stage to attract attention. The real helm of the tutoring website was actually Fang Li.
"Buy money!" Fang Li said lightly.
The scale of the tutoring network has been formed, and the next step is to establish a brand image and expand its popularity. In fact, this is also a necessary process for most companies. Many brands have not even heard of them at the beginning. However, once they start to make money to promote, the public will soon find that these products are beginning to appear around them one after another.
Of course, although this road is clear, it is the least shortcut to take, because publicity will inevitably cost a lot of money. Many companies have hundreds of millions or even billions of marketing and promotion costs per year, which is not a joke, but real money is poured into it.
If an ordinary company shareholder hears that he wants to burn money, he must immediately hold his pockets tightly. If you want to pay money from their pockets, they can play with your life.
But Ni Zewang and others all showed joy, because the Internet industry is different from any other industry. Burning money in the early stage to expand the market is a basic operation. To some extent, the more you burn, the happier they are. Of course, the premise is that you have to burn money and it will be effective.
"The advertising effect of the tutoring website on CCTV was good before. The advertising company has won the advertising space for CCTV's prime time of 15 seconds and half a year. In addition, the bus stations, subway stations, and elevators in major cities with high occupancy rates must be advertised, and the ground promotion near all small and small junior high schools must be carried out for a long time..."
Ni Zewang smiled and said, "Okay, it seems that Mr. Fang has long been confident. You can let go as soon as possible. Don't worry about funds at all. We are your strong backing."
"That's right."
Zhang Ying and everyone looked like they were looking for us at any time when they were short of money.
Fang Li rolled his eyes secretly, and those who didn't know thought they were generous philanthropists. In fact, they wanted to burn the money quickly so that they could carry out the next round of financing and then get more shares of the tutoring website.
In just one day, the number of new tutors added by the tutor website exceeded 1.5 million, making a group of capital tycoons laugh from ear to ear.
"Sister Xu, the tutoring network is so good, you should be happy. Why do you think you are worried?" Zhu Xiaohu asked in a low voice.
Xu Qing gave him annoyed look: "I regret giving up 2% of the shares to you now."
"Sister Xu, why bother? We are all comrades on the same boat now." Zhu Xiaohu didn't care about Xu Qing's run and said with a shameless face.
Xu Qing sneered: "That's not necessarily the case. No matter how I say I have 8% of the shares. Even if I can't get the second round of financing for the Tutor Network, I won't be kicked out. It's hard for you to say."
Zhu Xiaohu's face looked a little ugly. What he regrets the most now is that the first round of financing quote was a little lower. Although he forced himself into the car afterwards through Xu Qing, there was no seat on the car. The 2% stake was very subtle. If the second round of financing of the tutoring website exceeds 15%, there will be not much left after the shares in his hands are diluted. Maybe someone will forcefully squeeze out the car.
But soon Zhu Xiaohu reacted and smiled and said, "It turns out that Sister Xu is worried about the second round of financing. If you have something to say, why bother revealing my shortcomings? We agreed at the beginning, the united front, I must have supported you unconditionally if you have any ideas."
Xu Qing looked at him deeply and whispered: "If you want to protect our interests, either everyone unite and prevent new players from entering the market during the second round of financing..."
"I'm afraid this is not easy, right?" Zhu Xiaohu shook his head.
Everyone who works in finance is good at making trouble. It would be nice not to stab you in the back for the sake of profit. One or two institutions are okay, but how can five institutions be united?
"Or, squeeze out Creative Workshop and Jingwei Capital and get their shares. Even if we can't get the second round of financing, we can still gain a foothold!"
Zhu Xiaohu looked at Xu Qing with murderous look in surprise: "The momentum of the tutoring website is so good now, they may not quit obediently, right?"
Xu Qing sneered and looked at Zhu Xiaohu: "If I say, the tutoring website will encounter a crisis right away?"
"Crisis? Did Sister Xu hear some noise?" Zhu Xiaohu quickly reacted.
"You don't have to worry about this, you just need to answer me, follow me, or not!" Xu Qing asked.
Zhu Xiaohu thought for a moment, gritted his teeth and said, "I'm with me!"
Then Xu Qing whispered something in Zhu Xiaohu's ear. Zhu Xiaohu stared at Xu Qing with a look of surprise, and after a long time he said: "Sister Xu, why are you so sure that the tutoring network can withstand this wave of crisis? That person is not an ordinary person!"
"Oh? It just so happens that Fang Li, whom I know, is not an ordinary person."
Chapter completed!