Becoming Rich with Daily Scavenging APP-Chapter 604: Ugly Group’s Major Crisis

If we could hold shares in Dog Eye Entertainment, it would be much easier for Yiyang Entertainment to market and advertise the films and TV shows we participate in.

So Chen Yiyang had his eyes on the shares of Dog Eye Entertainment for quite some time.

However, Chen Yiyang's appetite was clearly beyond Xiao Jing's expectations. After hearing Chen Yiyang's demand, Xiao Jing excused himself to the bathroom to contact the big boss of his company.

Soon, Xiao Jing returned.

"Mr. Chen," Xiao Jing said to Chen Yiyang, "I believe the collaboration between Ugly Group and Yiyang Flash Sale is beneficial to both parties.

Because when it comes to cash reserves, Ugly Group and Yiyang Flash Sale can't match up to Taobao. If we don't unite, Taobao will eventually use its cash reserves to wear us down."

"So you are not accepting my proposal?"

"Ugly Group won't accept others taking advantage of us," Xiao Jing replied.

With that, there was nothing more to discuss.

Chen Yiyang immediately got up and left.

Ugly Group's Vice President Xiao Jing's comments were actually on point.

Taobao, backed by Ah Li, indeed has the advantage of cash reserves.

For Yiyang Flash Sale to join forces with Ugly Group to fight Taobao, it would indeed save costs for Yiyang Flash Sale.

But, Ugly Group relies on flash sales and takeout to survive, while Chen Yiyang doesn't rely solely on Yiyang Flash Sale.

He owns many profitable companies.

So Chen Yiyang has an escape route, Ugly Group does not.

Now Ugly Group wants to collaborate with Chen Yiyang, but not taking advantage of those who were previously deceived by the platform would not do justice.

Chen Yiyang had a premonition that if the next piece of bad news emerged, Ugly Group would definitely come seeking him again.

After returning home, Chen Yiyang called Cheng Sicheng, briefly mentioning that although he went to the meeting as agreed, the negotiations were not very pleasant.

"That's okay," Cheng Sicheng said, "As long as you met with him, I can report back.

By the way, on the opening day of your store, I'll bring my artists to dine there promptly. Do you have any specific promotional phrases for me to post on social media then?"

"No specific phrases, just post a photo of dining at the store with the store's name, and that'll do."

"Got it."

On the opening day of Sicily Western Restaurant, Chen Yiyang himself did not visit the restaurant.

Because Ugly Group once again wished to meet with him to discuss.

This time, Ugly Group directly utilized their connection with Tengxu, asking Wu Changxun to step in and request Chen Yiyang for another meeting with Xiao Jing.

Which showed that Ugly Group was genuinely desperate.

And so, at the same private dining room, with the same dishes, Chen Yiyang and Xiao Jing met again.

"Mr. Chen," this time Xiao Jing, wearing a full face of a forced smile, said to Chen Yiyang, "Last time I made a decision without communicating with the big boss and rejected your request.

That was my fault. After our big boss learned about this, he severely criticized me, so today I am here to apologize to you."

"That's not necessary," Chen Yiyang waved his hand to stop Xiao Jing's performance and directly asked, "Did Ugly Group agree to sell me the shares of Dog Eye Entertainment?"

"That's correct," Xiao Jing nodded directly.

"How about I offer sixty percent of the market value?" Chen Yiyang spoke again.

Just moments ago, Xiao Jing's masked smile instantly turned awkward.

"Mr. Chen, isn't that somewhat a bit unreasonable?"

"I think it's quite reasonable."

Chen Yiyang took a bite of the dish on the table and then wiped his mouth with a napkin.

The dishes Xiao Jing ordered today were too bland, and he did not really like them.

In the last negotiation,

If Xiao Jing had agreed to sell the Dog Eye Entertainment shares, his intention was indeed to purchase based on the market value.

But who told Ugly Group not to agree back then?

The reason Ugly Group contacted him again this time was because the bad news Chen Yiyang had been anticipating for Ugly Group had already surfaced.

In the battle of takeout and flash sales, which had been silent without any action, Douyin finally made a move.

Moreover, this move was equivalent to stabbing Ugly Group again.

Douyin had actually long wanted to enter the takeout industry.

However, Douyin's shortcoming was that they didn't have their own logistics system.

So Douyin initially attempted to buy Baoleme from Ah Li to build its logistics system. 𝓯𝓻𝒆𝙚𝒘𝓮𝙗𝓷𝒐𝓿𝙚𝒍.𝙘𝓸𝙢

But later, both sides couldn't agree on a price, so Douyin had to try to establish its logistics system independently.

However, the logistics system is a heavy asset industry, contradicting Douyin's operational philosophy.

So after a preliminary attempt, Douyin directly gave up.

This is why Douyin showed no signs of entering the takeout and flash sales battle for so long.

Because Douyin didn't want to engage in an industry requiring a large workforce.

However, as Ugly Group was dragged into the flash sales battle with a lot of resources and funds focused on the in-store group-buying project.

This is a highly profitable field, and more importantly, it doesn't require heavy costs or large human resources.

The only thing needed here is traffic, which Douyin precisely has plenty of.

Ugly Group needed to laboriously advertise on their app and others to attract traffic.

Douyin could easily promote via short videos, even allowing store owners to bear the costs.

Douyin's entry left Ugly Group unable to hold it together anymore.

This battle, initially triggered by Ugly Group's ambition to enter the instant retail field to challenge Jindong,

Has now reached a point where Ugly Group hasn't expanded its external businesses, instead their original business is now being threatened.

Douyin, Taobao, Jindong, and the newly rising Yiyang System are all now eyeing Ugly Group hungrily.

Ugly Group quickly realized that the current situation is no longer a matter of competition with others.

But a matter of whether they themselves can survive.

So after Douyin's stealthy entry, Ugly Group promptly agreed to Chen Yiyang's demands.

Being extorted is better than being besieged from all sides.

By not collaborating with Ugly Group, Yiyang Flash Sale would at most incur extra costs on flash sales business.

But if Ugly Group doesn't seize the opportunity to reconcile with Yiyang Flash Sale now,

They might vanish entirely under the joint siege of several rivals in the future.

So, Chen Yiyang decided to make the most of the situation.

Seeing that Chen Yiyang wasn't joking, Xiao Jing had no choice but to make another restroom escape to discuss with the big boss.

Moments later, Xiao Jing returned.

"How about eighty percent of the market value?"

Dog Eye Entertainment's stock price was already somewhat low due to the recent downturn in the film and television industry.

If Chen Yiyang were to purchase these shares at sixty percent, Ugly Group would essentially have invested in Dog Eye Entertainment for nothing.

"Since you contacted me through Brother Wu,"

Hearing Xiao Jing's words, Chen Yiyang spoke again, "Did Brother Wu tell you that Tengxu plans to distribute shares of Ugly Group as dividends?"