If it were not for the acquisition of Mobike, Magnesium Group would certainly not have reduced its subsidies.

Mobike is not cheap. According to the current market conditions, Magnesium Group has to spend at least US$1.8 billion to impress Mobike’s investors.

If all the money previously raised by Magnesium Group was used to acquire Mobike, all major business lines would be in danger.

Will other rivals who are eyeing him miss this opportunity?

If nothing else, Cao Cao's takeaway will definitely take the opportunity to subsidize.

As long as it persists for a month, unless Magnesium Group carries out another round of financing, its vitality will definitely be severely damaged.

"Be prepared for a war. Do I want to see the market share leave Magnesium Tuan and Hungry?"

Following Chen Dongcheng's words, a chilling atmosphere filled the conference room.

The others went to work first. Jin Ensheng accompanied Mr. Chen back to his office to drink tea and listen to Mr. Chen's plans.

Chen Dongcheng said: "The Beijing branch is very important, especially playing in the ring with the Magnesium Group. You are under a lot of pressure."

Jin Ensheng smiled bitterly: "Yes, it is difficult to recruit talents. Magnesium Group's valuation far exceeds ours. If it were not for the influence of the parent company, we would have been at a disadvantage in terms of competition for talents."

"Cao Cao's takeout and magnesium group are fighting each other. They are both weak and weak. The company will make new decisions."

Chen Dongcheng took a sip of tea and said lightly.

Jin Ensheng's heart moved: "You mean we want to be a local life service platform?"

"Well, with this plan, I plan to open a few more business lines, including movies, hotels, and tourism, which can be gradually developed."

Jin Ensheng's heart beat faster. He still didn't understand what the big boss meant. He wanted to directly compete with the magnesium group.

To put it simply, Cao Cao Stock Exchange will register a new wholly-owned subsidiary named Cao Cao Dianping.

Cao Cao's take-out, like Magnesium Tuan's take-out, is merged into the name of Cao Cao Dianping.

The newly established Cao Cao Dianping Club covers multiple business lines such as takeout, tourism, and hotels.

With such an adjustment, Magnesium Group's biggest competitor was immediately released.

"I have no objection. I will obey the orders of the head office at any time."

Jin Ensheng showed excitement and immediately expressed his stance.

The appearance of Cao Cao Dianping just in time for Magnesium Tuan to go on the market is definitely a heavy blow to Magnesium Tuan.

In order to go public, Magnesium Tuan has continuously increased its commission ratio, which has caused a lot of uproar among many merchants.

However, Magnesium Group is so powerful that the previous Dianping was directly merged.

I couldn't find a comparable platform.

If Cao Cao's comment is established, the battle lines between the two families will undoubtedly become longer and longer.

For the magnesium group, this is the scene they least want to see.

But for Cao Cao Dianping, with Magnesium Tuan as a reference, the future prospects are worth thinking about.

Jin Ensheng asked curiously: "Dr. Chen, who do you plan to put in charge of Cao Cao's review?"

As a company that will definitely be valued at tens of billions of dollars in the future, the person at the helm of the company must have both ability and character. Such people are hard to find.

"Wang Xing's old friend, Zhang Tao." Chen Dongcheng said with a smile.

Zhang Tao?

Jin En was stunned, isn’t this the CEO of Dianping?

Damn it, Director Chen actually poached him?

The expression on Jin Ensheng's face was very strange, sometimes shocked, sometimes excited, and sometimes full of longing.

But he knew that Wang Xing was really in big trouble this time.

A storm is about to sweep across the entire group buying market.
Chapter completed!