After hearing Xiao Bei's words,
Shen Feng frowned slightly.
Then he looked at Xiao Bei and said,
"Bei Zi, Alibaba really played this move well. Mobike is positioned in cities below the third tier!"
"I recently checked their coverage. In cities below the third tier, they're practically the market leader!"
After hearing Shen Feng's words,
Everyone present furrowed their brows.
Hu Jilong slammed his hand heavily on the table.
"Damn it, I thought Alibaba could hold back, at least until our ofo market had stabilized before making a move!"
"I didn't expect them to act so decisively!"
Hearing Hu Jilong's complaint,
Wang Wei smiled and said, "There's nothing to complain about. It's normal business practice. If I were one of Alibaba's executives, I'd do the same!"
Hu Jilong was slightly stunned after hearing Wang Wei's words.
But he still did not understand and asked directly, "Why?"
At that moment, Zhang Zhibo said, "It's simple. First, Tencent's Little Blue Bike is coming on strong. Second, our ofo already has the highest market share, and we're all in third-tier cities and above, while Mobike is entirely in cities below the third tier!"
"What does that mean? It means that as long as they successfully acquire Mobike and our ofo Technology, they can take over the entire Xia Kingdom market!"
Zhang Zhibo's analysis immediately enlightened Hu Jilong.
"Besides, if Alibaba gets more forceful, they might even merge the two companies directly!"
Xiao Bei said calmly at that moment.
After hearing Xiao Bei's words, everyone present nodded.
"Bei Zi, what do we do next?"
Shen Feng asked.
"We don't need to do anything. Just develop normally until the C-round, then cash out and leave!"
Xiao Bei said with a faint smile.
Given the current situation, the shared-bike industry's collapse was surely not far off.