Guazi used cars since the day of his sister's wedding.
He received 200 million in financing, and later he invested another 1.5 billion in this project.
And successively introduced big investors such as Tong Zelan and Shen Nanpeng.
So far, Guazi used cars have completed nearly 4 billion in financing.
This is a huge amount of money for the entire used car industry.
You will lose money when buying a car. The price of buying a new car is often 30% off the moment you get it.
There is no purchase tax on second-hand cars, and depreciation is already carried out on the basis of new cars.
It can be said that as long as you don’t buy an accident car, it will be soaked in water.
Choosing a second-hand car is still a very sensible and money-saving act.
The only thing hindering the development of this industry is the issue of customer trust.
Many second-hand car dealers take back those damaged cars at the lowest price and then sell them to customers at normal prices.
Over time, many people no longer trust the second-hand car market.
Chen Pingsheng’s requirement for Guazi used cars is to solve the customer’s trust problem.
Carry out three quality guarantees.
Once this problem can be solved, it will be no problem to support an Internet company with a market value of tens of billions with the size of domestic second-hand cars.
After receiving his investment, Guazi used cars quickly surpassed many of its peers.
The fundamental logic of Internet companies is still very simple. The beginning is to burn money in exchange for users.
Obtain large amounts of financing from the capital market with a large number of users.
Use capital money to quickly eliminate your opponents and formulate new game rules.
Whether it is Didi or Meituan, it can be said that they all followed this routine.
The only difference is how much money you burn.
With his support, Guazi Used Car has not encountered any decent opponents at all.
Those offline second-hand car dealers are not enough for him.
Four billion is enough to dominate a niche market.
Guazi used cars, which have been cultivated for almost three years, are still a little short of being truly profitable.
However, Internet companies have never determined market value based on profits, but rather based on user volume and industry status to determine valuation.
Jiang Jia, the earliest co-founder of Guazi used cars, is also the classmate of his brother-in-law Hu Lin.
From the moment I received his financing, my destiny took an earth-shaking turn.
It is no exaggeration to say that Chen Pingsheng now has an industry status no less than two horses in the capital market.
He just no longer invests in those traditional small industries due to his status. It does not mean that his right to speak in traditional industries has disappeared.
Guazi used cars was the first Internet project he invested in, followed by Meituan Pinduoduo.
Jiang Jia has set up the headquarters of Guazi used cars in Beijing, and there are also large branches in Magic City.
She still doesn’t own many shares of Guazi, but as long as it can be listed on the market with a value of several hundred million, she will be fine.
This is much better than working part-time.
On the last day of February, she brought the Guazi team to Shanghai to meet Chen Pingsheng, the earliest Guazi angel investor.
And submit specific business reports for the past few years.
Even though Jiang Jia is already the co-founder of an Internet company, she is still the largest female boss in the used car industry.
But she was still very nervous and uneasy when she came to see Chen Pingsheng, just as she had wanted to get to know Chen Pingsheng through Hu Lin in the first place.
At that time, he was a film and television tycoon with half of the entertainment industry’s traffic and A-list celebrities.
Several projects invested later were completed in less than a year, completely establishing his title as the number one investor in traditional industries.
The Internet even named him Uncle Cycling, which was about his investment in Chu Qiuyan, a common school beauty.
On the other hand, Guazi’s second-hand cars are definitely the slowest among his investment projects.
Not only have I not made a dime in the past three years, but I have also burned billions.
Even so, others have never interfered with their specific operations.
Perhaps it is not necessary at all. Given the current size of Tengying Group, it would still invest in the catering industry or traditional retail.
I'm afraid that I will be accused of bullying children.
As he said himself, what is the traditional catering or retail industry.
The couple worked hard to save hundreds of thousands to open a small shop, working day and night.
As soon as he entered, it was hundreds of millions.
Ordinary people can't play it at all. This is the real reason why the country has issued restrictions on red-headed companies, such as JD.com and food delivery groups, entering the field of selling vegetables.
Such large capital competes for business with vegetable vendors. If this is not restricted, it will only limit the living space of ordinary people.
Fortunately, Guazi, from the moment it received financing, Chen Pingsheng’s request was to solve the customer’s crisis of trust in second-hand cars.
18 years is not only the last opportunity for real estate to cash out, but also perhaps the last carnival of capital.
He said he must rush to put the melon seeds on the market before the times change.
Jiang Jia came to see him and seriously reported on the specific operations over the years.
From a data point of view, melon seed sales account for more than half of the entire Internet car sales market share.
Accounting for 15% of the country’s second-hand car sector, which is one-seventh.
Even if there is not a dime of profit with such data, there is definitely no problem with a valuation of more than 10 billion.
The reality is indeed the case. Chen Pingsheng asked her to go to the Xiangjiang headquarters.
Contact Guo Ziyi and Tong Zelan there, and let them host the IPO financing of Guazi used cars.
Tengying Group has a very complete capital team in Xiangjiang. As long as the data meets the standards, it can complete the listing very quickly.
This won’t be too surprising, after all, he is no longer the same person he was three years ago.
A large number of capital tycoons have taken root in Tengying and grown into towering trees. It is really not too easy for them to launch several tens of billions of listed projects.
Only those who have not yet entered this circle will find this process difficult to reach the sky.
Once the IPO is completed, Jiang Jia will also be able to achieve financial freedom.
He also owns half of the shares of Guazi. How much he can cash out depends on the IPO value.
Chen Pingsheng didn’t care about it anymore.
This June, the World Cup, which has a global impact, will start in Russia.
This is the number one sport in the world and the largest gambling sport in the world.
By that time, I don’t know how many people in the country are going to be crazy about it.
What a pity, Chinese football is definitely a world-class problem.
Every year we clamor to enter the World Cup, and we are spectators every year.
Zhang Wanyi came to see him with a document, "Uncle Chen, there are Football Association leaders who want to arrange for Leicester City to play a match with the national football team in Shanghai."
He He invested tens of billions in England to qualify to buy a club, and spent 1.5 billion in Leicester City to buy two world-class football players, Kylian Mbappe and Ding Ding.
In last year's Premier League, his newly acquired Mbappé was unstoppable, and he was unstoppable in the Champions League.
Even Tengfei New Energy, which is bound to Leicester City for advertising, has gained considerable global popularity.
The same goes for the antler coffee added later.
"Arrange the national football team to play against them?"
Chen Pingsheng said strangely, "The national football team can play against Premier League clubs. If we really play against them, it is not the same as playing against children. The leaders want us to pretend to play and improve. A wave of fan confidence, right?”
"They didn't say it specifically, but they hope that Uncle Chen can take the time to chat in person."
"Forget it, just refuse!"
Chen Pingsheng said: "Domestic football We don’t need to participate in sports, and we don’t need to have anything to do with them. I can’t train a domestic football champion, so it’s quite possible to buy a world-class football champion at the club.”
He bought Rice. The news about Special City is not a big secret.
Many people also regard him as a football enthusiast, and the domestic football association sends out various invitations at every turn.
He participated in none of them.
Xu Tiezi was having a great time in domestic football, but when the tide dissipated, he was still a feather in his cap.
People above are saying every day that there is a lack of young people playing football in the country.
Down below, a mother brought her child who loved playing football. If she wanted to play football, she had to pay hundreds of thousands before joining a more formal local team.
And if you want to make progress, you have to keep paying money, which directly drives the mother of the child crazy.
In the end, only children from rich families and leaders can afford to play football.
It would be hell if this could be good.
He has to admit that even with Goldfinger, he cannot play domestic football well.
This is more difficult than talking to Qin Shihuang.
Any big boss who enters with full confidence will come out yelling.
Xu Belt is an exception, so he is great.
(End of this chapter)