Rebirth: I have Monopoly System

Chapter 329 - 319: Shared Power Bank, Wu Yun’s Suggestion

Pang Guang was the last one to leave the exam room.

After they all met up, Wu Yun asked, "Yongheng, did you drive!?"

The spot for tonight’s gathering was a hot pot restaurant on Chunxi Road, a choice made by the ladies.

As people from Sichuan, eating hot pot three times in three days was just a regular part of life.

"I did! It’s in the public parking lot!" Liu Yongheng pulled his keys out of his bag.

"Alright! Who’s riding with me!?" Wu Yun asked.

Li Shiming flashed a cheeky grin. "That would be me, of course!"

"Let’s go! Wen Meng and the others have probably already gotten there!"

...

By the time Wu Yun’s group of four arrived at the hot pot restaurant, it was already 6:30 PM.

They walked through the main entrance and followed a waiter toward their private room.

As they passed the front desk, Wu Yun happened to notice something that would become ubiquitous in the future: a shared power bank station.

"Are those power banks from your company?" Wu Yun asked Liu Yongheng, pointing to the station on the front desk without breaking stride.

Liu Yongheng nodded. "Yeah! We just recently started rolling them out on a large scale."

They were too far away for Wu Yun to see the name on the devices, so he smiled and asked, "What did you name your power banks? It’s not something like ’Yongheng Power Bank,’ is it?"

Wu Yun remembered finding the name of Liu Yongheng’s registered company a bit amusing: Rongcheng Yongheng Technology Co., Ltd.

Liu Yongheng chuckled. "As expected of the Boss! You guessed it!"

Wu Yun asked curiously, "How many have you put out so far?"

Liu Yongheng watched the steps in front of him before turning his head to say, "Not many! We produced an initial batch of ten thousand units. Five thousand of those were rolled out here in Rongcheng, and the other five thousand were placed in shopping malls in five major cities like the Capital City and Modu as a pilot program!"

Just then, the waiter pointed to a private room with its door ajar. "Folks, here’s the room you booked! Just let us know if you need anything!"

"Okay, thank you!"

Pushing the door open, they saw the four girls from Wen Meng’s dorm sitting in a neat row at the back of the room. Upon seeing Wu Yun and the others enter, Lai Yi cooed, "Babe~ What took you guys so long!"

"Hey! Isn’t it a good thing for a man to be slow?" Liu Yongheng said, wrapping an arm around Lai Yi’s slender waist before planting a kiss on her lips.

"Ugh! Do you two have to be so cheesy? Look at Meng Meng and the others; they aren’t being as gross as you!" Even though she saw them often, Chang Yuanyuan still couldn’t stand Lai Yi and Liu Yongheng’s public displays of affection. It was so sweet it was sickening.

"You’re just jealous! If you’re so jealous, go find a boyfriend yourself!" Lai Yi snuggled against Liu Yongheng’s shoulder and said with a laugh, though her eyes darted toward Li Shiming and Pang Guang, her meaning obvious.

Chang Yuanyuan wasn’t interested in either of them, seeing them only as regular friends, so she said directly, "Sigh! What can I do, my standards are high! And after seeing your boyfriends, they’ve gotten even higher! It’s so hard!"

At that moment, the waiter came in and added three plates of ingredients that needed to be cooked longer into the pot.

While they waited for the hot pot to come to a boil, Wu Yun returned to their previous topic. "Yongheng, how’s user engagement with your power banks? How many registered users do you have now?"

Liu Yongheng was in the honeymoon phase of his startup, so when Wu Yun asked about a topic he was passionate about, he immediately sat up straight.

"Boss! These power banks are seriously making a killing!"

Hearing Liu Yongheng’s words, the four girls, who had been chatting quietly, also fell silent to listen to his story.

"We invested several million to produce these ten thousand power bank stations, with each station holding between ten and twenty power banks."

"In less than half a month on the market, we’ve already hit four hundred thousand registered users!"

Liu Yongheng looked thrilled. "Forget everything else, we’ve collected over thirty million in security deposits alone!"

"And that’s not even counting the hourly rental revenue. We’re running a promotion for new users right now at half a yuan per hour. After a week, it’ll go back to the normal price of one yuan per hour."

"Some users don’t return them on time or for other reasons just choose to forfeit their 99-yuan deposit to keep the device! Tsk tsk! A power bank that costs us about ten yuan to make is being sold for the high price of 99! I might as well just switch careers and sell power banks," Liu Yongheng joked.

As the first mover, the shared power bank market was basically waiting for Liu Yongheng to come and pick up free money.

"So what’s your expansion strategy?" Seeing Liu Yongheng’s confused expression, Wu Yun clarified, "I mean, where do you plan on placing your power bank stations?"

"Oh, oh!"

A look of realization dawned on Liu Yongheng’s face. "For now, we’re focusing on three main types of locations: first, shopping malls; second, major restaurants and bars like this one; and third, high-traffic areas like train stations and airports. Users register by scanning a code to download our app."

"Right now, we’re focusing on the Rongcheng market. The next batch of power banks is in continuous production, and I’m planning to scale up manufacturing to capture the major city markets before anyone else has a chance to react!"

Wu Yun nodded. This was more or less what he had expected. However, Liu Yongheng’s current method required users to download an app to register, which was undoubtedly slowing down the growth rate of new user registrations.

"Let me give you a suggestion," Wu Yun said as he saw the pot was already boiling. He reached out with his chopsticks and gently picked up a piece of duck blood jelly.

Liu Yongheng grew excited. Although his company had professional managers, getting advice from Wu Yun, the one who gave him the "sharing" concept in the first place, would undoubtedly be a huge boost for the development of Yongheng’s shared power banks.

"Boss! Quick, tell me your great idea!"

Wu Yun said, "I think your app registration method is a bit slow. Think about it. Besides the people who actively scan the code and download the app during a promotion, most users are people who are frantically looking for a power bank when their phone is about to die!"

"For some people, their phone will die before the app even finishes downloading! So my suggestion is this: you should try to partner with WeChat and Alipay and integrate onto their platforms as a mini-program."

’In my previous life, things like Sesame Credit were only launched in January 2015, which was just now,’ Wu Yun thought. Nevertheless, he continued aloud, "You also know I invested in WeBank!"

After Liu Yongheng nodded, Wu Yun went on, "On January 5th, the People’s Bank of Huaxia issued a notice allowing eight institutions to prepare for personal credit reporting services. This was seen as a signal that Huaxia’s personal credit system was opening up to commercial institutions. Both Alipay and Tencent have launched their own credit score systems."

"After launching these scoring systems, they will definitely start providing conveniences or privileges to people with high scores."

"My point is, when the time is right, you can have the shared power banks join the ranks of these conveniences. Offer a waived security deposit for users above a certain credit score! The two giants would absolutely welcome your participation with open arms!"

Liu Yongheng was lost in thought. Wu Yun’s words had been a sudden epiphany for him, and he quickly took out his phone to jot down what Wu Yun had said in his notes.

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