Rebirth: I have Monopoly System
Chapter 218: Peng Zhijian’s Favorable ViewNovember 5th.
Another presidential-style arrival was taking place at the foot of Citibank Mansion.
"President Peng, welcome! Welcome!"
Wu Yun stepped forward with a smile and shook hands with Peng Zhijian.
Although Peng Zhijian knew Wu Yun was very young, he couldn’t help but be shocked upon seeing him in person today.
He’d seen plenty of second-generation rich kids start businesses, but none had managed to create two companies so favored by venture capitalists at such a young age.
After all, according to Tencent’s internal forecasts, Little Red Car was at least a unicorn-level company, and Pinduoduo had the potential to become a Super Unicorn.
"President Wu! I’ve long heard of your great reputation. Seeing you now, I must say you’re impressively young and accomplished."
Peng Zhijian exclaimed with heartfelt admiration.
Afterward, both sides introduced their respective teams.
Knowing it would be impossible to reach any definitive conclusions about Pinduoduo today, President Peng had only brought a single assistant with him.
Most of the people present were from Pinduoduo.
After taking the elevator up in two groups, Wu Yun and Zhou Shen led President Peng toward his office.
The employees in Pinduoduo’s open-plan office watched the familiar face surrounded by the group. This was a man who frequently graced the pages of major financial news publications.
No one there was a fool. Seeing that Pinduoduo had attracted a major investment magnate right after its launch, they were instantly filled with confidence in the company’s future.
"President Peng! Please, have a seat!" Wu Yun said, joining President Peng on the sofa.
President Peng and his assistant took in the decor of Wu Yun’s office and the view from the window. President Peng smiled and said, "You have excellent taste, President Wu. The view from here is truly breathtaking!"
Wu Yun responded humbly, "You’re too kind, President Peng! No matter how good the view is, it’s still someone else’s building. We’re just temporary tenants! It can’t compare to Tencent owning its own towers. I hear your Binhai Mansion is set to top out next year! And the headquarters in the Capital City is also under intensive construction."
"I’m so envious! Once I have enough money, I’ll build my own tower too!"
From Wu Yun’s words, President Peng could hear his immense confidence and ambition!
He greatly admired people like this. Without ambition, there’s no drive.
"President Wu, once Pinduoduo becomes a Super Unicorn, you can start working on building your own tower." Every word from President Peng conveyed his optimism about Pinduoduo’s prospects.
Just then, Zhou Shen’s secretary knocked and entered, followed by two employees from the general administration office. The three of them gently placed the tea on the coffee table before exiting.
And then, only the four of them remained in the office.
President Peng sat up straight, picked up a teacup from the coffee table, and blew on it gently to move the tea leaves aside before taking a sip.
"Ahhh... excellent tea!" President Peng remarked.
But Wu Yun just smiled and said, "I’m no tea expert. I feel like besides some differences in flavor, they all taste more or less the same to me."
Zhou Shen laughed. "President Wu, I paid a handsome price for this tea from a friend, specifically to entertain distinguished guests like President Peng!"
After a bit more small talk about tea, President Peng’s expression turned serious. "President Wu, I’m sure you’re already aware of my purpose for coming today. I won’t waste words. We at Tencent are interested in participating in Pinduoduo’s development, and I was wondering if you are open to collaboration."
Wu Yun had already discussed this with Zhou Shen yesterday. It was still too early for a new round of financing. After all, today was only the fifth day since the launch. They were confident they could achieve even better results before burning through their current capital.
However, they also needed to keep Tencent on the hook. Their current explosive growth in user registration was entirely thanks to them standing on the shoulders of a giant.
Wu Yun smiled and said, "President Peng, letting Tencent in is a certainty. After all, we need Tencent’s user traffic, and Tencent needs us to promote WeChat Pay."
"If our Pinduoduo can become one of the big three in e-commerce, then WeChat Pay’s position will also be unshakeable!"
’Looks like spending so much time with these ’old-timers’ is making me a master at painting grand visions.’
With a look of certainty, Wu Yun said, "President Peng, if I’m not mistaken, Tencent’s focus for the next two years will be skewed toward WeChat, especially WeChat Pay."
President Peng was impressed by Wu Yun’s insight. Tencent had always been in the social networking business and had barely set foot in the realm of instant payments.
President Peng laughed heartily. "Since you’re aware of our development strategy for WeChat Pay, President Wu, then you should also know our determination to promote it. Pinduoduo could become a crucial part of our WeChat Pay ecosystem."
"This is a win-win situation for both of our companies."
Wu Yun also took a sip of tea before smiling. "President Peng, I will let you in. But not right now."
Wu Yun took the tablet Zhou Shen handed him and said, "President Peng, I’m sure you’ve used data from WeChat to estimate our approximate user registration numbers, haven’t you?"
After President Peng nodded, Wu Yun presented the tablet. "These are screenshots of three key metrics for Pinduoduo as of ten o’clock last night."
"This one is the number of registered users and app downloads, a total of 3.1 million."
"This one is our sales volume, a total of 93 million."
A look of surprise crossed President Peng’s face. Their internal estimates had put Pinduoduo’s registered users at around two million—much lower than the actual figure.
"As of last night, we’ve already burned through 8.9 million Huaxia Coin! President Peng, you probably know our registered capital is 100 million, but ours is all real, liquid cash. So, at our current burn rate and growth ratio, we can hold out for at least another month."
"And next month, I can inject another 500 million!"
Wu Yun’s words left both President Peng and his assistant looking stunned. That was real, hard cash!
’Where did Wu Yun get that much money to burn?’
Although President Peng invested everywhere, it was always the investors’ money he was spending, so it didn’t pain him.
"President Wu, aren’t you interested in hearing my valuation of Pinduoduo?" President Peng asked with a smile.
Wu Yun shook his head. "President Peng, I believe that valuation will only increase in the near future. So why don’t we talk after I’ve finished burning through my own money?"
President Peng continued to persuade him. "President Wu, it’s such a waste to burn your own money. We investors have plenty of capital, so we don’t feel the pain when we spend it!"
But Wu Yun decided to use a delaying tactic. "President Peng, how about this? Once we’re about to burn through this 100 million, we can discuss the matter of financing then?"
Seeing Wu Yun’s determined expression, President Peng didn’t insist further and agreed with a good-natured laugh.
With the matter of Pinduoduo temporarily settled, they spent some time speculating on the company’s future direction and development.
After taking another sip of tea, President Peng shifted the topic to Wu Yun’s other company.
Visit and read more novel to help us update chapter quickly. Thank you so much!
Use arrow keys (or A / D) to PREV/NEXT chapter
