CHAPTER 342: CHAPTER 342: MOCKED BY BRAZILIANS

Liu Qiangxi was somewhat tempted by Chen Yiyang’s words.

Jindong has been developing for over ten years and needs some new stories.

Food delivery, seems pretty good.

"I’ll go back and discuss it with the team." Liu Qiangxi felt he couldn’t decide on something so big on his own, and prepared to discuss it further with his team.

"Alright." Chen Yiyang saw Liu Qiangxi off.

The reason for wanting to collaborate with Jindong, on one hand, is due to appreciate Jindong’s reputation in the courier industry.

After all, among the various couriers now, only Jindong still insists on home delivery, whereas some like Shunfeng drop off at courier stations.

On the other hand, Jindong holds four to five hundred billion in cash flow, which is about the same as the Ugly Group’s cash flow.

Once the food delivery brand created by Chen Yiyang is heavily targeted by the Ugly Group, having Jindong as support will make Ugly Group hesitant to start a subsidy war.

Back in the day, the subsidy wars in the food delivery field, e-commerce field, and even the bike-sharing field were fiercely fought, severely damaging capital strength.

Today’s capital, upon realizing the opponent holds a similar cash flow, will try to avoid starting a cash subsidy war to prevent bearing debts for a tiny profit.

After sending off Liu Qiangxi.

Chen Yiyang didn’t return to the hotel, instead, he went directly to Zhang Yuling’s place to rest.

Just as he was enjoying a massage from Zhang Yuling, a transoceanic call came through.

Chen Yiyang saw the name; it was little Marco.

"What’s up, brother? Is there a problem with the Brazilian business?" Chen Yiyang answered the phone, asking.

"Hahahaha." Little Marco didn’t speak, starting with a series of hearty laughs to Chen Yiyang.

What’s wrong with this guy, did he get too high?

While Chen Yiyang hesitated to hang up, little Marco finally spoke, "Have you checked out the sports news lately?"

"No, I’ve been so busy lately." Chen Yiyang jokingly said, "Why, did the Brazilian football team beat our national team again?"

"That’s not it." Little Marco chuckled, continuing, "But our country’s ping-pong team beat yours, we are world champions!"

"What kind of nonsense." Chen Yiyang was stunned at the time.

Where did you get such courage?

Your Brazilian football is better than ours, fine.

But beating us in ping-pong to become world champions?

The guy must really be high.

Thus, Chen Yiyang immediately picked up his phone to check.

Mad, it seemed what little Marco said was true.

A Brazilian ping-pong player named Hugo won the Ping Pong World Cup.

"Hugo was my good friend growing up." Little Marco went on, "His family is quite wealthy too, but he chose to be a ping-pong player. I never thought he would become a world champion, especially beating your Huaxia people."

Little Marco laughed recklessly, and Chen Yiyang became somewhat embarrassed.

"Now I know how it felt when Germany beat you guys 7-1 in the World Cup back in the day." Chen Yiyang decided to share this embarrassed feeling with little Marco.

Come, let’s hurt each other.

"Alright, alright, let’s change the topic." Little Marco also realized Chen Yiyang was somewhat embarrassed.

Hurriedly, he continued, "Actually, I wanted to say that with the recent tariff war, Brazil and Huaxia have many cooperation opportunities; if you have good projects, you can introduce me."

"No problem." Chen Yiyang nodded.

Little Marco’s main purpose for calling Chen Yiyang today was still to inform him about their Brazilian ping-pong player winning the championship.

So, he hung up the phone after discussing it.

"What’s wrong?" Zhang Yuling noticed that Chen Yiyang seemed to be in a bad mood, so she asked caringly.

"Nothing much?" Chen Yiyang turned to look at Zhang Yuling and said, "I’m thinking about playing some ball."

"Ah, wha-what ball?" Zhang Yuling shyly covered her chest.

What other ball could it be?

Chen Yiyang immediately charged forward and started making moves.

Chen Yiyang stayed in the Imperial Capital for several days before Liu Qiangxi responded.

"Internally, Jindong is divided on whether to enter the food delivery industry significantly. Mainly because the food delivery industry needs to recruit a lot of riders.

Based on your idea of entering the food delivery industry, each rider needs to be insured with the three insurances and one housing fund, which cost too much.

Jindong is already under great operational pressure due to Jindong Express. If they recruit a large number of delivery riders, the labor costs alone would increase enormously, possibly affecting the main business.

You know, Jindong currently has sixty to seventy thousand employees, adding food delivery riders would push the number to over a million."

"Alright then." Chen Yiyang nodded.

Since Jindong isn’t willing, it’s just like that.

Chen Yiyang himself believes there’s a lot of potential in the food delivery industry.

Since Jindong isn’t willing to join, he’ll lay the groundwork himself first.

Eventually, he’ll slowly attract investment.

So, Chen Yiyang didn’t stay any longer in the Imperial Capital and returned directly to Lin’an.

The food delivery brand he plans to establish will be called Immediate Delivery, focusing on high-quality food delivery.

He plans to test the waters in certain areas of Lin’an first.

For this purpose, he even brought Liu Xiaoyue over to manage this food delivery brand.

Liu Xiaoyue once managed factories, which can be applied in the labor-intensive field of food delivery.

"The Ugly Group, for fear of repeating Taobao’s collapse, and to prevent another Pinduoduo from rising.

That’s why they created the low-priced brand ’Pinhaofan’ to seize the market.

But I believe the opposite; high-quality food delivery is the future.

Here, high-quality refers not to expensive food delivery but to delivery and service that are high-quality while priced similar to ordinary food delivery."

Chen Yiyang shared his view with Liu Xiaoyue, "Firstly, the riders I employ here, as long as their monthly income reaches the local minimum wage, we will insure them with the three insurances and one housing fund.

Additionally, we need to sign agreements with all restaurants that collaborate with us. Once their restaurant joins our platform, we’ll sporadically send inspectors to check their hygiene.

We’ll also make surprise checks to ensure their deliveries are indeed made by their registered offline stores, preventing small workshops from mixing in."

"In that case, wouldn’t the cost be too high, wouldn’t we be running at a loss?"

Liu Xiaoyue raised the question.

"Running at a loss is impossible." Chen Yiyang straightforwardly said, "Do you know how much cash the Ugly Group has?

They have quarterly revenue of seven to eight hundred billion, and currently hold five hundred billion in cash, with various short-term financial investments worth over eight hundred billion.

Adding it all up means the Ugly Group currently holds over one thousand billion in cash at their disposal.

Where did all this money come from? Isn’t it through squeezing both riders and restaurants?"