Chapter 865
Billion Dollars, Mutual Benefit and Win-Win
The Magic City, the Stock Exchange.
Today marks the day PinYiDao goes public.
As the second largest e-commerce platform in China, Pinduoduo has developed to its current state in just a few years, and its emergence has shocked many investors.
No matter how much they reviewed the situation, they still couldn't figure out why.
Simply relying on low prices and access to lower-tier markets is simply not enough to support the rapid development of Pin Yidao.
Moreover, Pin Yidao's treatment of its own employees continues the style of Galaxy Technology, which further increases its human resource costs.
Finally, due to practices such as aggressively supporting agriculture, the platform's profit margin is extremely low.
From a normal business perspective, there is virtually no possibility of making a profit.
But by sheer chance, they made a profit with just one cut, and their business has only grown stronger over time.
After much deliberation, I've only come up with two reasons.
The continuous financial support from Galaxy Technology and the powerful intelligent product recommendation algorithm of PinYiDao are all factors contributing to this success.
They can always push the right products to the right consumers, resulting in a high order rate and a continuous increase in spending.
Regardless of how outsiders view Pinduoduo and its numerous subsidiaries, one fact remains unchanged: Galaxy Technology has grown into a super giant, with even its subsidiaries becoming leading companies in their respective industries.
From Pin Yi Dao to Xinghuo Express, Pin Hao Fan, and even Galaxy Aerospace or Galaxy Entertainment, the same applies.
ten o'clock.
The entrance to the stock exchange was already crowded with reporters.
A large number of journalists from domestic and international news media gathered here to witness this moment.
Logically speaking, a company going public shouldn't attract so many media reporters.
But this time it was different.
As Galaxy Technology's first listed company, it attracted a lot of attention from the moment the news broke.
Whether Galaxy Technology can succeed on that path depends on its performance in this IPO.
ten o'clock.
A Hongqi car with a special license plate arrived at the entrance of the stock exchange.
Upon seeing the license plate, the media reporters waiting at the entrance became incredibly excited.
Because anyone with a little knowledge knows who this license plate represents.
After the car came to a stop, Wang Donglai got out of it.
As the person in charge of Pin Yi Dao, Huang Zheng was following Wang Donglai so closely for the first time.
"Crack!"
After Wang Donglai appeared, the sound of camera flashes was incessant.
Reporters from both domestic newspapers and overseas magazines were frantically pressing the shutter button.
It's already 2019, and the penetration rate of smartphones has long reached a saturation point. With the upgrading of data traffic, live streaming has become increasingly common.
Therefore, anything related to Galaxy Technology will be broadcast live online in real time, and the platform is undoubtedly Douyin.
The number of viewers watching the live stream for Pinduoduo's IPO never fell below 100,000.
Not to mention, at this crucial moment.
Wang Donglai stopped in place and waited for a while.
It was both a time for the media reporters present to take photos and a time to wait for the people behind.
The listing of Pinduoduo is definitely a major event in the domestic business field.
All companies that have cooperated with Galaxy Technology or intend to cooperate with Galaxy Technology have shown great enthusiasm.
Lei Jun, Jack Ma, Ma Wenteng, Xu Jun and others were all present, not only to express their support, but also to witness this moment.
Soon, the vehicles carrying everyone arrived one after another.
The group did not linger at the entrance; they waved to the media reporters and went inside.
This scene was also broadcast via internet signal.
Wang Yanxing's family, who lived far away in Tangdu City, did not come to Modu City with Wang Donglai to participate in the listing of Pin Yidao.
After Wang Donglai became famous, they finally understood.
With Wang Donglai's achievements and wealth, they only need to worry about maintaining their health and enjoying life for the rest of their lives.
There's no need to do anything unnecessary, like instructing or interfering with Wang Donglai.
After all, their knowledge and experience were no longer of any help to Wang Donglai; on the contrary, they were a burden.
Seeing Wang Donglai walking into the stock exchange surrounded by many of China's internet tycoons on television, looking so spirited, filled Wang Yanxing and others with a sense of pride.
At this moment, quite a few people are paying attention to Pinduoduo's IPO.
Anshui Middle School.
As a high school, it should logically prioritize education.
However, today is an exception.
Apart from the senior students, the classrooms of the junior and freshmen were not in class, but were instead showing the live broadcast of Pin Yi Dao's IPO.
This support is, in fact, inevitable.
After Wang Donglai became famous, he donated tens of millions of yuan to Anshui Middle School, improving its educational conditions.
This educational condition doesn't refer to physical facilities like dormitories. After all, Anshui Middle School is a new high school, and its dormitories and teaching buildings are quite advanced.
Wang Donglai's support came from his own resources, which helped Anshui Middle School recruit a large number of high-quality teachers and formed a partnership with Tangdu Jiaotong University, designating Anshui Middle School as a teaching internship site for Tangdu Jiaotong University.
All of these factors, in just two years, have raised the overall educational quality of Anshui Middle School by several levels.
The percentage of students admitted to top-tier universities increased from 5% to 17%, and the undergraduate admission rate exceeded 78%.
Such achievements naturally made everyone at Anshui Middle School extremely grateful.
At Tangdu Jiaotong University, this approach was naturally not chosen.
They simply promoted it within the school by hanging up banners.
However, students at Tangdu Jiaotong University are extremely interested in this IPO of Pin Yidao.
It's important to know that this is a company founded by their senior classmates.
There are quite a few students who graduated from Tangdu Jiaotong University in the "Fight for a Winning Hand" group, and various rumors have been circulating for some time.
Even the worst-performing senior in these stories holds shares worth at least a million.
Wealth can be very tempting.
If Pinduoduo successfully goes public, it will be both a validation of their approach and a source of great encouragement for them.
For students at Tangdu Jiaotong University, they have many options. Once they graduate, the vast majority can find a job and have no worries about not having one.
However, jobs are also ranked.
Promising jobs, no promising jobs, high-paying and easy jobs, low-paying and tiring jobs.
Choice is more important than effort; choosing the right company can make all the difference.
Galaxy Technology is also becoming an increasingly popular choice.
"I've made up my mind, I'm going to work at my senior's company after graduation!"
"I wonder if Galaxy Bio will ever go public. If I invest now, will I still be able to get stock options?"
"Are there any senior students who can share their experiences? Does Galaxy Aerospace have any plans to go public? Are they generous with their stock options?"
"Galaxy Semiconductor is the real god. If I could join them, I definitely wouldn't lose out. I'd even be willing to sweep floors there!"
"A graduate from a prestigious top-tier university, going to sweep floors after graduation? Isn't that an insult to our academic standing? Let me do it!"
"I really envy the seniors from a few years ago who developed and grew with Galaxy Technology. Now, the stock options they hold are at least millionaires, or even multi-millionaires or billionaires."
"It's all about timing, luck, and fate. If it weren't for you, senior, we probably wouldn't have had such an easy time getting into Galaxy Technology!"
On the campus forum of Tangdu Jiaotong University, many top students started discussing it.
His words were filled with admiration and envy for Galaxy Technology and Wang Donglai.
……
Exchange.
As soon as Wang Donglai led Huang Zheng inside, a large number of media reporters surrounded them.
"Mr. Wang, what are your expectations for the stock price of PinYiDao after its IPO?"
"Mr. Wang, could you please tell us about Pinduoduo's strategic plans after its IPO?"
"Mr. Wang, according to relevant statistics, Pinduoduo has become the second largest e-commerce platform in China. What is Pinduoduo's next goal? Is it to defeat Taotian Group and become the industry leader, or to expand beyond China and compete internationally?"
"Mr. Wang, some people question whether PinYiDao's growth is based on inflated figures achieved through billions in subsidies. What are your thoughts on this criticism?"
In an instant, several microphones were handed to Wang Donglai.
Huang Zheng, who was following behind Wang Donglai, seemed to be ignored.
Huang Zheng is clearly the person in charge of the fight.
However, Huang Zheng remained quite calm about this.
Jack Ma, who was not far away, looked rather sullen. Asking this question in this setting was just asking for trouble.
Wang Donglai glanced around and knew that in this situation, he either didn't show up at all, or if he did, he would inevitably attract attention and steal Huang Zheng's thunder.
Fortunately, Huang Zheng is not one to seek the limelight, and his success in developing Pin Yi Dao is entirely due to his own abilities.
"Everyone, please don't rush. Today, as PinYiDao goes public, Mr. Huang is the main character, and all the employees of PinYiDao are the protagonists. I won't steal the spotlight."
"I'll just answer the questions you all asked earlier. If you have any further questions, you can ask Mr. Huang."
"I'm quite confident that I can take on Mr. Huang."
"The first question is that the stock price is the market's immediate reaction to the long-term value of Pinduoduo. We are more concerned with the company's intrinsic growth and the creation of user value. Going public is a new starting point. We will continue to focus on doing what we should do, and we believe that the market will give us an objective and fair evaluation."
After a pause, Wang Donglai smiled and continued, "These are just polite words, but they are also what I really think."
"Let's give a more straightforward answer, which is what everyone wants to hear most."
"I believe that Pinduoduo's market value could reach one hundred billion US dollars."
Everyone present was stunned by Wang Donglai's answer.
Hundreds of billions of dollars!
This market value is not low; converted, it's over 700 billion.
The entire GDP of Tangdu City is only 1.5 trillion yuan a year, yet Pinduoduo accounts for half of it.
The entire Tangdu city has a population of over ten million and so many enterprises, and has been developing for so many years.
How many years has it been since Pin Yi Dao developed?
Moreover, Wang Donglai's revelation of this figure on this occasion surprised countless people.
Pinduoduo hasn't even gone public yet. If it really reaches a hundred billion US dollars, that would be a great success story. If it doesn't, it would be a slap in the face for Wang Donglai and become a joke.
However, Wang Donglai didn't think that much about it and continued, "The second question is that the listing of Pin Yidao is not the end, but the beginning of a new stage."
"The money we raised in the stock market will continue to be used for development, increasing investment in agricultural products, strengthening support for ecological agriculture, and providing better products for consumers."
"In the future, we will continue to focus on two core areas: 'user experience' and 'deep industry cultivation'. First, we will continue to invest in technology research and development and supply chain optimization to reduce users' decision-making costs. Second, we will deepen cooperation with the production side and use digitalization to help the manufacturing industry reduce costs and increase efficiency, so that consumers can obtain high-quality products at more affordable prices."
"In this regard, we have already prepared the Galaxy Fresh Supermarket Plan, which will sell more and better products to consumers all over the country."
While answering this question, Wang Donglai also gave Galaxy Supermarket a small plug.
"The third question concerns the next development goal of Pin Yi Dao. In my opinion, industry ranking is just a result, not a goal."
"Pinyidao has always focused on unmet consumer demand, namely the vast low-income population. As a fully industrialized country with a low-cost labor advantage, the prices of industrial products will naturally be affected."
"From beginning to end, Pinduoduo will always stand firmly on the side of the broader consumer group and provide them with more and better cost-effective products."
"Under this goal, we will also take into account the development of the company and the development of our employees, and share the fruits of development with all of us to achieve common prosperity."
"Defeating Taotian Group has never been our goal, nor have we ever thought of it. We would rather work with our domestic counterparts to create a better market for the Chinese people and provide better products and services."
"As for the international market, Pin Yi Dao has no such plans at the moment."
"There are quite a few domestic companies engaged in overseas trade. This is already a mature market, and we won't rush into it. Perhaps we'll wait until we have a new breakthrough product before considering it!"
"One last question, I don't know if the 'someone' you mentioned who questioned the authenticity of the 10 billion yuan subsidy is real or fake."
"But I can make a public promise here: if any person or organization can find out that we have committed fraud, I will personally offer a reward of 100 million yuan."
"The 10 billion yuan subsidy we are promoting on the platform is just a tool to benefit consumers, verify the efficiency of the supply chain, and help more factories obtain orders so that they can survive."
"At the same time, we will use our powerful algorithms to help some outstanding companies develop even better."
"Many people may think that the platform is not profitable enough, but in my opinion, the real success comes from the continuous optimization of supply and demand matching capabilities and the accumulation of user trust."
"Pinyidao will always adhere to the essence of 'affordability', drive cost savings through technological innovation, and make profit sharing a sustainable business model rather than a short-term strategy."
"Giving discounts doesn't mean we're not making a profit; it just means we hope everyone in this consumption chain can achieve a win-win situation."
"Consumers can buy good products, and merchants, factories and platforms can all get appropriate profits, rather than one company dominating the market."
"I believe this model will benefit the domestic e-commerce industry!"
"If you have any questions, just ask General Manager Huang!"
After saying this, Wang Donglai pushed Huang Zheng, who was behind him, forward and stepped aside. (End of Chapter)