The weather in Yanjing is getting warmer.

In the past few days, the team in charge of IPO has been communicating and connecting with the IPO work with the Huaguo Bank Securities team.

Li Mu still didn't want to see Wendy Gaobo. Even though she came to Muye Technology every day and waited in the front desk hall, Li Mu never wanted to see her.

As a shareholder of Muye Technology, Sequoia Capital sent CEO from Greater China to hope to further mediate with Li Mu, but Li Mu did not agree.

Although Sequoia invested in Makino Technology, they asked to vote. Before investing, they signed an agreement to give up the voting rights and board seats corresponding to all shares. So they are just a passenger who rides a ride in Makino Technology and have no right to express their opinions.

However, Sequoia felt that at least she had a cooperative relationship with Li Mu, and Li Mu would be more likely to show her face. It would be better to meet Li Mu and then find a way to persuade him to restart his business in the United States.

Sequoia shoulders not only its future interests this time, but also the hopes of Wall Street’s fellow villagers.

In order to get Muye Technology to return to the United States, Wall Street is even willing to increase its valuation of Muye Technology by 5%-10%. As long as Li Mu is willing to talk, everything is possible.

But the reality is that Li Mu did not give Sequoia Ceo the opportunity to enter Muye Technology at all.

He knew very well that if he was tempted by Wall Street's interests at this time, it would be like he was still on Wall Street. In the future, even if they could not manipulate Muye Technology in the US stock market, they could manipulate other stocks, even except for Muye Technology's entire Internet listed company.

Moreover, once you go public, it will be extremely difficult to think about it, especially for a company with excellent development momentum. If you want to privatize it after going public, you have to pay more than the funds raised during the IPO period to achieve it.

If Makino Technology issues US$45 billion in shares on Nasdaq and gets US$45 billion, its valuation may double as soon as it goes public, and this batch of outstanding stocks will be worth US$90 billion.

At this time, if you want to privatize it, even if you give out 90 billion US dollars, Nasdaq and investors will not agree because they feel that the stock may double again in the future.

So, once you can't resist the temptation of Wall Street and go to the United States to go public, there is really no way back.

So, Li Mu asked Li Ziwei to tell Sequoia Greater China CEO: "According to the original financing agreement, I can clear any shareholder at any time at the market price. If Sequoia wants to make money, shut up. If you want to get off the car, clear you out now."

Sequoia immediately shut up.

Immediately afterwards, Devinson Gao Bai also arrived in China.

However, he lived in Yanjing for a few days and ran to Muye Technology several times, but still did not see Li Mu.

In fact, Li Mu was planning to leave some chance for Devinson. After all, in order to cooperate with him, this old guy bought the entire Manchester City club and gave it to him. If he completely broke up with him and took him a football club for nothing, it seemed that he had taken advantage of him.

So what Li Mu thought was to treat Davinson coldly first, and then leave a mouthful of meat for him to eat after he knew how big a mistake he had made.

However, he could not be the lead underwriter of Muye Technology's listing like before, and at most he would follow Huaguo Bank Securities to have some leftovers.

...

Spring is warm and flowers are blooming.

Devinson has been staying in a hotel in Yanjing for more than half a month. Ele.me, a new product led by Li Mu, has started testing online.

The first phase of the test was the area within the Fourth Ring Road of Yanjing.

Muye Technology has announced its official announcement on yy and yy. Taobao also announced its official announcement on Taobao, saying that the new e-commerce product "Ele.me" has been officially launched. From now on, users within the Fourth Ring Road of Yanjing can enjoy convenient online meal ordering services through "Ele.me".

Ele.me is online on Taobao, and its subdomain is, and it also has a separate entrance on Taobao homepage.

After clicking to enter Ele.me, users can enter their receipt location to obtain all online restaurants within five kilometers of their neighborhood.

These restaurants have uploaded their complete electronic menus to their online stores.

In order to maximize the service quality, the Ele.me team has sent multiple photography teams in advance during product construction and testing to each partner restaurant to conduct professional free photos and upload each course.

Therefore, the electronic menu on Ele.me has real and exquisite pictures, and there is more than one picture for each dish, and it is also accompanied by text introductions, including the cuisine, ingredient list, taste and allergens.

It can be said that it is the most detailed menu on the market.

After entering any restaurant's online store, users can place orders online directly and make payments through Alipay after ordering.

In the early stages of the launch, the Ele.me team was exempted from delivery fees and joined hands with merchants to provide users with generous discount red envelopes.

For example, Ele.me’s newbie gift package contains five two-yuan coupons, five three-yuan coupons, and five five-yuan coupons.

If you spend more than ten yuan, you can use a two-yuan coupon; if you spend more than fifteen yuan, you can use a three-yuan coupon; if you spend more than twenty yuan, you can use a five-yuan coupon.

When users pay, they will also enjoy immediate exemption, with a minimum of 1 cent and a maximum of free orders.

As for the amount and proportion of random reductions, the initial setting was higher, because this period was a critical period for attracting new products. It is much more cost-effective to lose some money to attract new products than to spend money to buy new products.

According to the user's receiving location, they are only supported to place orders in a restaurant with a radius of five kilometers in the initial stage, because this is to ensure the timeliness of the user's receipt. Otherwise, if the distance is too far and the user's waiting time is too long, it will seriously affect the user's user experience.

Ele.me also promised users that under the influence of bad weather or natural disasters, all orders will be delivered within half an hour. If they are delivered within half an hour, compensation will be made according to the timeout time, and the maximum compensation for the full order can be obtained.

It is worth mentioning that the lunch box provided by Ele.me to riders has very good insulation effect, and it has electric heating wire heating function, which is powered by the car-mounted lithium battery pack. It has little power. However, due to the good insulation effect, this can greatly slow down the cooling rate of food and ensure that users can eat hot meals.

Li Mu has high expectations for Ele.com. Once this thing starts to be accepted by users, it can be fully deployed in first-tier cities and then continues to sink to second-tier, third-tier and even fifth-tier cities.

Driven by strong capital, full coverage can be achieved in cities and even towns across the country in one or two years.

By that time, the value of Ele.me will be immeasurable.

Moreover, Li Mu has decided that once Ele.me succeeds in China, it will immediately start Ele.me's overseas business in North America and Europe. The labor costs in developed countries in Europe and the United States seem to be very high, but their consumption capacity is also much higher. They have the ability to pay about 10% for a meal as a tip, and it is not a big problem to pay two or three US dollars for a meal.

When Ele.me and Meituan were promoted in China, they also waived all additional fees first and gave a large amount of subsidies. When users reach the late stage of lazy cancer, they immediately changed their faces and collected delivery fees, two yuan, three yuan, and eight yuan or even higher. The people in China also adapted to the fact that they boiled frogs in warm water, let alone developed countries.

Li Mu is also planning to use the same method to cultivate users' "lazy cancer" around the world. It doesn't matter if you lose some money first, and it doesn't matter if you burn some money. You can earn back several times, dozens or even hundreds of times in the morning and evening.

The news announcement of Ele.me's launch in China has attracted widespread attention from domestic media, and netizens are also very concerned about it. But the only problem is that Ele.me's business now only opens the city of Yanjing, so netizens in other places can only watch it.

Netizens within the Fourth Ring Road of Yanjing, especially the white-collar workers in the company, immediately experienced the unparalleled convenience of Ele.me.

On the day Ele.me was launched, many Yanjing netizens logged on to Taobao Ele.me to try it out, for discounts, and to experience the feeling of not ordering food on the go, searching for orders near their homes to place orders online.

After their order is successfully paid, the system will immediately process it. While sending the order to the restaurant, the system will send the order to riders in the area.

The rider has not yet activated the order grab function, but uses the system order assignment algorithm.

The system will start dispatching orders from the least busy one based on the busyness of each rider.

If the riders in this area have no orders, then the first order starts with the rider with the smallest id number and is allocated all the way backwards.

After several rounds of orders are divided evenly, the system will calculate the delivery efficiency of each rider to change the proportion of each person.

If the delivery efficiency is high, more order bonus will be obtained;

For example, when there are 5 orders per person, 6-7 orders will be given to riders with high delivery efficiency, and the number of orders for riders with low delivery efficiency will be reduced to 3-4 orders. In this way, more people can get.

Moreover, since each rider's range of movement is fixed and overlaps with each other, their maximum delivery distance will not exceed five kilometers. Riding an electric bike to run five kilometers is not a problem for them, and timeliness can be greatly guaranteed.

On the first day Ele.me went online in Yanjing, it was sought after by the white-collar workers in Yanjing.

In one day, the number of orders reached 200,000, and the total consumption amount exceeded 3 million.

Thousands of deliverymen were walking around and frequently traveling on the streets of Yanjing, which not only achieved the order on time rate to 97%, but also increased the exposure rate to a new level, and instantly brought out the reputation.

This is just the first day's result within the Fourth Ring Road of Yanjing.

If it is expanded nationwide, it will be easy to order 20 million per day.

If users continue to increase their dependence and continue to attract new users, it is not a dream to have 200 million orders per day.

That night, domestic media, especially venture capital media, were in trouble.

No one expected that Li Mu could move the restaurant delivery business online.

Moreover, this novel model was unexpectedly popular with users!
Chapter completed!