Becoming Rich with Daily Scavenging APP-Chapter 603: The Ugly Group Is Getting Anxious

Chen Yiyang actually couldn't wait to quickly repay Cheng Sicheng's favor.

So when he heard Cheng Sicheng say that, he immediately agreed.

He was quite curious; currently in the flash sale and food delivery sectors, the three companies are fiercely competing, so what's Ugly Group suddenly contacting him in private mean?

Are they looking to reconcile?

Don't want to continue fighting?

A few days later, at a private club, Chen Yiyang met with Ugly Group's Vice President Xiao Jing.

"Mr. Chen, it's really not easy to meet you." Xiao Jing hurried forward to greet Chen Yiyang upon his arrival.

"If your boss Wang Xin personally called me, it would be easy."

Chen Yiyang immediately threw Xiao Jing a challenge.

Were it not for repaying Cheng Sicheng's favor, if Ugly Group wanted to talk with Chen Yiyang, logically, even the big boss Wang Xin should come.

But Wang Xin was born in 1979, making him over a decade younger than Chen Yiyang.

Bosses at this age especially dislike dealing with Chen Yiyang.

Because those older, like Lei Jun or Liu Qiangxi's generation,

even if Chen Yiyang is young, he is considered a junior, with some elder superiority when conversing.

The younger ones don't have any achievements surpassing Chen Yiyang's, so meeting him is like meeting an idol, very humble.

But those like Wang Xin who are just over a decade older than Chen Yiyang don't like dealing with him.

Because they've struggled for over ten years more than Chen Yiyang, and now have been caught up and even surpassed by him.

Therefore, dealing with Chen Yiyang makes them feel a sense of inferiority.

This information was something Zhang Yuling investigated within the circle and told Chen Yiyang.

But this does indeed align well with human nature.

"Actually, our boss has long wanted to meet with you, but there hasn't been a good opportunity.

This time he originally wanted to come personally, but was unexpectedly held up, so I had to step in.

Before I came, he personally instructed me to convey his intentions. He heard you like collecting artifacts, so he specifically bought you a gift."

Saying this, Xiao Jing took out a small box.

Chen Yiyang opened it to find a delicate jade thumb ring inside.

Judging by the quality, this jade thumb ring is probably worth hundreds of thousands, considered a decent small gift.

So Chen Yiyang accepted it with a smile.

"Tell me, why did you proactively contact me this time?" Chen Yiyang asked lazily from his seat.

At his position, he might still have to put on a show for those in other industries.

But facing a competitor's subordinate, he'll be as arrogant as he wants.

"In the food delivery flash sale battle, the three of us have been fighting for a long time without a winner.

We, Ugly Group, are confident we can keep battling.

Meanwhile, we also admire Yiyang Flash Sale's innovation in the flash sale and food delivery sectors.

Ugly Group believes our two companies can engage in healthy competition and develop together in the flash sale and food delivery industry."

Once Xiao Jing uttered these few sentences, Chen Yiyang immediately understood what intentions they hid beneath.

"You're saying we could privately contact each other, align on some matters, and jointly compete against Taobao?"

"That's about right," Xiao Jing continued, "Ugly Group and Yiyang Flash Sale both rely on our platforms to guide traffic.

But Taobao has a large number of external apps to funnel traffic to Taobao Flash Sale.

This results in Taobao having a much lower cost in acquiring new users compared to us.

This is clearly an unhealthy competition. Taobao is using software from other fields to compete with us, increasing our costs significantly. 𝘧𝓇ℯ𝑒𝓌𝑒𝑏𝓃𝘰𝘷𝘦𝘭.𝒸ℴ𝓂

So Taobao is a troublesome opponent for both of us. If we join forces, at least we can bring the three back to a common, fair, and reasonable competition."

Despite a heap of words from Xiao Jing,

Chen Yiyang quickly extracted the key points.

So he straightforwardly asked Xiao Jing, "Your Ugly Group's second quarter earnings report is about to be released, right? Isn't the report looking bad? That's why you're seeking some good news to offset?"

Upon hearing this, Xiao Jing's face immediately turned grim.

Seeing the look on the other party's face, Chen Yiyang realized he guessed correctly.

So he said, "This isn't some trade secret. You're a listed company; this earnings report must be released on schedule.

Now telling me or me reading it later makes no difference.

Why not just be honest, and tell me what's specifically wrong with your Ugly Group's second quarter earnings report. So we can continue the negotiation."

Facing Chen Yiyang's inquiry, Xiao Jing paused in silence before speaking,

"In the second quarter, Ugly Group's revenue increased, but net profit dropped significantly."

"Specific number," Chen Yiyang asked directly.

Anyway, the Ugly Group has to publicly disclose this data later.

"Net profit plummeted by 89%, only 1.49 billion yuan left," Xiao Jing said, revealing the figure.

Chen Yiyang inhaled sharply.

Despite the delivery battle, some platform costs are borne by shop owners, but platforms themselves also have considerable discounts.

Yet, Chen Yiyang didn't expect Ugly Group's financial report to be so miserable.

"Wait," Chen Yiyang suddenly thought of something.

"This is your Q2 report. In Q2, you mainly competed with Jindong and us. The Q3 report hasn't come out yet, but in Q3, Taobao also joined the battle."

Facing Chen Yiyang's words, Xiao Jing remained silent.

In the second quarter, Ugly Group only faced competition from Jindong and Yiyang Delivery, leading to such a fierce battle.

In the yet-to-be-released third quarter, Ugly Group would face simultaneous attacks from Jindong, Yiyang Flash Sale, and Taobao Flash Sale.

Although Jindong didn't follow Chen Yiyang in the flash sale battle, they continuously cooperated in the delivery sector, stabilizing the market.

And earlier in the flash sale battle, Chen Yiyang invested and acquired many companies to help Yiyang Flash Sale lower competition costs.

Yiyang Flash Sale also conducted successful marketing campaigns to enhance its competitive edge.

So, Chen Yiyang actually spent the least among the three.

Meanwhile, Taobao and Ugly Group purely engaged in fierce face-to-face battles in the flash sale.

Now the second-quarter report already looks terrible.

Any investor with brains can foresee Ugly Group's situation in the third quarter.

Once the second-quarter report gets released, Chen Yiyang feels Ugly Group's stock might decline by about ten percent.

No wonder Ugly Group panicked, through Cheng Sicheng, to contact him, ready to play a strategic game to avoid simultaneous dual-line battles.

"I quite like your Dog Eye Entertainment."

Chen Yiyang immediately laid out his demand. "I heard Ugly Group holds seven percent equity in Dog Eye Entertainment. Are you planning to sell?"

Dog Eye Entertainment is a leading domestic full-service entertainment provider, with operations primarily covering ticketing, entertainment content, and advertising services.

In the film and television industry, it's considered a business that remains profitable regardless of market conditions, much better than directly investing in movies and TV dramas.