"No problem, I will decide this matter quickly. After all, if ofo succeeds, we, Alibaba, will also make a profit from it." Cai Chongxin nodded and agreed. With all of ofo's bicycles mortgage, it is equivalent to seizing the lifeblood of ofo's company.

If David could get funds from Masayoshi Son, then there would be no risk in Alibaba's loan this time and he would earn some interest. If Masayoshi Son did not invest in the end, then Alibaba today, even if there is no absolute voting rights of ofo, with all the bicycle mortgages, it is enough to control the entire ofo. If it goes well, Alibaba can easily swallow of ofo, and even more cost-effective than directly acquiring under normal conditions.

David said, "Okay, please trouble Mr. Cai, then I won't disturb you to rest."

......

The next day, the two returned to China. David immediately informed several of his confidants of the negotiation content with Masayoshi Son, that is, several of ofo's co-founders, namely Yang Pinjie, Zhang Yiding, Yu Xin and Xue Ding.

After listening to David's description, Zhang Yiding said: "This risk is too great. We will spend all our assets and burn money. If Masayoshi Son does not invest later, the entire ofo capital chain will completely collapse."

Among the four, Yang Pinjie and Yu Xin did not speak, and Xue Ding also said: "I also think the risk is too great."

David said: "What do you mean? We don't accept Masayoshi Son's conditions? What should we do later? Tengxun is also helping Mobike find new investors. Although there is no news recently, no one can guarantee whether it is going on in secret. If Mobike suddenly announced that it has obtained a new fund of 1 billion US dollars, have you ever thought about what will happen ofo? How long can the funds in our hands last?"

Xue Ding and Zhang Yiding couldn't help but feel silent. Although their foundation is relatively shallow, their vision has broadened a lot over the years with ofo's development. They also know that the most important thing for Internet companies like them is not how much money they have in their hands, but how much money the company can bring to investors in the future.

A few years ago, the money-burning wars of takeaway, online car-hailing, and long videos burned tens of billions of dollars each time, but in the end there was no result. Several companies in each industry formed a balance. Therefore, when the market size stabilized, venture capitalists were no longer willing to spend money desperately.

The shared bicycle industry has also burned out tens of billions, and the prospects of this industry are still not as good as online car-hailing and takeaway. At this point, venture capital and Tengxun Alibaba behind it are no longer willing to spend money.

At this time, if one party obtains huge financing, there is probably no second reinvestment competitor. Even large-scale venture capital will not be willing to burn this money, because for venture capital, investing in huge amounts of funds to enter the market is just a repeat of the story of the takeaway and online car-hailing market. If Mobike got more than one billion US dollars in financing first, Masayoshi Son would never invest in ofo again, because this would only be thrown into the ocean.

Therefore, now ofo and Mobike, who can laugh at the end is not to see who can operate better now, but to see who can get the last fund in the entire venture capital industry. Whoever gets it, the other party will almost lose without a fight, and he will firmly sit on Diaoyutai.

The mall is so cruel, especially in the Internet industry. Unless no one can do anything to anyone, otherwise it will be life or death.

As the calmest person, Yang Pinjie thought for a while and analyzed: "There is another variable now, that is, headlines. We still don't know what Zhou Yujie's attitude is? If he refuses to give up, even if we take Masayoshi Son's money, we may not be able to win."

"I have discussed this with Cai Chongxin." David said steadily: "If we get Masayoshi Son's money, Zhou Yujie will invest at least 1.5-2 billion US dollars if he wants to compete with ofo. This is still the case with Zhou Yujie having a huge traffic. If he wants to defeat us, it may not be enough, because Masayoshi Son and Alibaba have been bound to us and invested so much money, they cannot give up at will. If they burn money with Toutiao, they will definitely continue to invest money.

Cai Chongxin analyzed that although Toutiao is sufficiently capitalized, shared bicycles rank absolutely the lowest among many of its businesses. At most, it is a marginal business of Quxin Local Life. Toutiao will not invest billions of dollars in this field. The most likely result is that Toutiao has a long-term plan to make shared bicycles, intending to slowly gain the market with traffic."

Although the scale is far less than Toutiao, as long as you put on a desperate posture, Toutiao needs to think about whether it is really cost-effective to make money. At least in the short term, you won’t really fight head-on. In the long run, Toutiao has huge traffic and can slowly gain a larger market share through time. For Toutiao, this is the right choice.

And ofo has no choice but to do this, but if the direction of things is going like this, it will be a headache in a few years. At present, David needs to survive these few months.

Yang Pinjie nodded and said, "That's true. If we get the investment from Masayoshi Son, we will have a very big chance of winning. If we don't get it, we won't be able to survive for a year."

David said: "So, you don't have to consider the capital chain issue, or the risk of us mortgage all our bicycles to Alibaba, because now we only have two endings, either win or lose. If you win, everything is not a problem, and if you lose, you don't have to consider it."

As a new dark horse in the Internet that has only started its business in 15 years, ofo has always faced various fatal risks. Either the company's rights are hollowed out by giants or they will be forced to burn money quickly. Unless the market is completely monopolized, everyone ofo can get rid of the big stone that is pressing on their hearts every day.

Zhang Yiding and others looked at each other. Although they thought the risks were very high, what David said was very reasonable. If they were not decisive, they would be chronic death. Now they can only fight for it.

Yang Pinjie continued: "But there is another problem. Even if we mortgage all our bicycles to Alibaba, the 300 million US dollars we receive is not enough for subsidies, because the online car-hailing industry is still providing short-distance subsidies, which directly hits our fatal point."

"Zhou Yujie did it on purpose and indirectly attacked the entire shared bicycle industry. It was a good layout." Xue Ding said with a frown. There was really nothing he could do about the attack from a higher dimension.

David said: "We can't control the situation of online car-hailing, but Masayoshi Son set us the time to October. At that time, the temperature was suitable and would have certain advantages for us. As for the problem of insufficient funds, I also know that, so I have to use the user's deposit."
Chapter completed!