Most of Pinduoduo’s current users are merchants, and they order fruits to sell in their own stores. In comparison, ordinary users don’t have many.

This situation occurs partly because Pinduoduo is currently engaged in vertical e-commerce.

Vertical e-commerce itself is one of the purchase channels for many merchants, and it is normal for there to be more merchants.

On the other hand, the person in charge of Pinduoduo is deliberately creating this phenomenon.

Because many users will subconsciously think that things are cheap when they hear that they are purchased through a store, which is exactly in line with Pinduoduo’s subsequent development direction.

Therefore, the person in charge of Pinduoduo wants to first make Pinduoduo an APP for domestic fruit merchants to purchase goods, and then use this to promote and attract ordinary users.

Dong Ge recognized his idea. Luo Fan didn't know much about e-commerce, so he chose to trust Dong Ge's judgment.

Now it seems that Pinduoduo's development is steadily improving, and overall it is still very good.

This shows that Brother Dong’s idea is correct.

After Luo Fan read the recent development of Pinduoduo, he turned to Su Qing and asked: "Are the people from Penguin here?"

"Here they come, they came 20 minutes early and I have arranged them in the conference room." Su Qing replied.

"It's almost time, let's go there too!"

Su Qing nodded, packed her things and went to the conference room with Luo Fan.

The person from Penguin came here today and made a reservation about three days ago.

At that time, Su Qing received a call from Penguin's senior management, saying that she wanted to meet Luo Fan to discuss Penguin's investment in Xingyuan.

After Su Qing asked Luo Fan for instructions, she arranged to meet at 3pm today.

Penguin actually has two investments in Xingyuan, one is Xingyuan and the other is Xingyuan Cinema.

Let’s talk about Star Chat first. Luo Fan remembers that Star Chat only received one financing from Penguin after the split. After signing the agreement at that time, Star Chat’s equity became 44% held by Xingyuan Technology Co., Ltd. and 36% held by Rice.

Penguin holds 20% of the shares.

At that time, Penguin’s financing was simply to purchase data related to Shake and Moments, and Luo Fan also gave the data to them.

Subsequently, StarChat increased its investment in various ways. When StarChat contacted Penguin, Penguin said it would not follow the investment.

At that time, Penguin had already decided to go all out to develop wx. It was normal that they would not follow the investment.

Penguin did not participate in the investment, and Daimi and Xingyuan made follow-up investments based on their corresponding shareholdings.

Therefore, Penguin's shares have been diluted, and now only 1% of Penguin's original 20% activities are left.

The shareholdings of Xingyuan and Dami returned to 54.6% and 44.4%.

The 1% of Penguin's shares do not have voting rights yet, so it makes no difference whether they have it or not.

However, Penguin definitely did not lose money. They originally spent 400 million to purchase 20% of Star Chat's shares. Now Star Chat's valuation has exceeded 50 billion, and 1% of the shares is equal to at least 500 million.

As for Xingyuan Cinema, Penguin initially spent 300 million to acquire 30% of the shares of Xingyuan Cinema, which also had no voting rights. However, subsequent expansion of Xingyuan Cinema and investment by Penguin have followed suit.

Today, Xingyuan Cinemas is already the second largest theater chain in the country, rivaling Yida, and Penguin will definitely not lose money on this investment.

Since there was no loss, someone from Penguin suddenly came to discuss the issue of these two shares, which made Luo Fan feel a little confused.

But no matter what, Luo Fan has to meet the people from Penguin. Luo Fan also has some things he wants to talk to them about.

After Luo Fan and Su Qing came to the conference room, they found that the person coming from Penguin was actually Mr. Zhang, the person in charge of wx.

Luo Fan looked calm on the surface, but he was actually very surprised on the inside.

The thing that Mr. Zhang came to talk about must be related to Star Chat, right?

When Mr. Zhang saw Luo Fan coming in, he quickly stood up and said, "Mr. Luo, I have admired you for a long time!"

Now the scale of Xingyuan can compete with Penguin, and Mr. Zhang is only the head of a department of Penguin. No matter how important this department is, his status will be lower when facing Luo Fan.

In addition, Mr. Zhang is also someone who wants to ask for help this time, so he keeps his attitude so low.

As the saying goes, you should reach out to avoid hitting the smiling person. Mr. Zhang’s posture was so low that Luo Fan naturally didn’t know how to hold it up. He took the initiative to reach out his hand and shook Mr. Zhang’s hand and then said: “Mr. Zhang, you are in this business.

It’s senior, aren’t you trying to offend me? Please sit down quickly!”

After the two exchanged pleasantries, Luo Fan asked with a smile: "Mr. Zhang, do you want to talk about your Penguin's shares in Star Chat and Xingyuan Cinemas this time?"

"The main thing is Xingchao's shares. We are very happy to cooperate with Xingyuan Cinema." Mr. Zhang said.

"That's it! What does Mr. Zhang want to talk about?" Luo Fan asked.

"Mr. Luo, at this stage, Penguin still owns about 1% of Star Chat's shares, and we want to purchase some Star Chat shares."

"Mr. Zhang is joking, Xingchao's current shares are not for sale, just like your Penguin's QQ shares." Luo Fan refused without thinking.

Mr. Zhang had already thought about Luo Fan's reaction. He just asked tentatively and didn't expect to actually buy the shares.

"Since Star Chat's shares are not for sale, can we buy one of Star Chat's ideas?"

"Mr. Zhang, tell me."

"This idea is Happy Farm, which we have been having legal disputes with. We don't want to waste time with Star Chat. Mr. Ma hopes that Star Chat can stop the lawsuit against us. We are willing to buy the right to use this idea."

After listening to Mr. Zhang's words, Luo Fan thought for a moment and said: "Okay, this is not a big deal. Mr. Zhang came here just to solve this problem, right?"

"Of course not. Mr. Luo and Mr. Ma also hope that the two of us can cooperate in the social field."

"What cooperation?"

“Mr. Ma hopes that our two social softwares will not block each other’s links.

If Mr. Luo agrees, we will not block or limit the traffic of Xingyuan’s links in the future, whether they are Shuidichi, Douyin, or Xiaobo.”

After listening to Mr. Zhang's words, Luo Fan frowned. He was a little unsure about what Penguin wanted to do.

Is it some big traffic diversion operation? Or do you have other ideas?

Because from the current point of view, if each other does not block each other's links, Xingyuan will definitely have an advantage.

"Mr. Luo, our Mr. Ma also said that he did this because he wanted wx and Star Chat to reach a cooperation, so that both parties can share their needs and share the pie in the social field."

Hearing this, Luo Fan understood. Penguin wanted to share some of the users of Xingchat and Xingyuan Pay!

After opening links to each other, Penguin's wx can also draw traffic from Star Chat.

After Xingchao and Xingyuan Pay gained gold coins through collecting five blessings and watching videos, the number of users has exceeded wx by a lot. In particular, Xingyuan Pay now occupies 30% of the payment market.

And this is under the premise that Alibaba controls the largest e-commerce platform in the country.

Without this e-commerce platform, just in terms of offline payments, the number of users of Xingyuan Pay would have been equal to that of Alipay.

On the other hand, Penguin, after struggling for so long, only has a 10% offline payment share, so it is understandable that they would be jealous.

"Mr. Zhang, you are trying to get away with nothing!" Luo Fan said expressionlessly.

"How can we say that we are nothing? We really want to cooperate with Xingyuan. If Mr. Luo feels that the conditions we have given are not enough, Mr. Luo can continue to cooperate!"

“What if I say I want Penguin’s client game to be linked with our PlayerUnknown’s Battlegrounds?”

Mr. Zhang was silent when he heard this. He dared not agree to this condition at all.

It’s true that Penguin’s basic plan is social networking, but the most profitable thing is definitely games.

Giving up the most profitable business is impossible even if you think about it.

"It seems that Mr. Zhang's sincerity is nothing more than this!"

"Mr. Luo can talk about anything except games."

"Besides games, what else do you think about Penguin that impresses me?"

After saying that, Luo Fan turned around and left.

Mr. Zhang sighed upon seeing this. This mission was considered a failure.

After coming out of Xingyuan headquarters, Mr. Zhang called and explained the situation to Mr. Ma.

After hearing this, Mr. Ma said with a cold face: "Xingyuan dares to be so arrogant before he has become the fourth Internet giant. Young people are really arrogant."

"Then Mr. Ma, do we want to continue talking?"

"No."

"The thing about Happy Farm..."

"Just put it off like this!" After saying that, Mr. Ma hung up the phone.

...

Unknowingly, another week has passed, and it is already mid-June. The first "PlayerUnknown's Battlegrounds" league is already in preparation, and participating teams from various countries have also been selected.

As for the national server, the selected battles are all formed by players in the competition server, and there is no professional team.

Luo Fan was also helpless about this, but he couldn't help but let the national server players participate, right?

When Luo Fan was worrying about this matter, Cao Shuai hurried to the office.

"Boss, I found a big project that is absolutely profitable!" Cao Shuai walked in and said excitedly.

"Mr. Cao, can't you be more steady?" Su Qing couldn't help but complain.

"I can't be prudent this time. This project is really too important."
To be continued...