The bicycle that was reported to be faulty will not be seen again today.

In the past, many residents of third- and fourth-tier cities didn't care because Ofo was the only one selling them. However, since Youth Journey began to enter the market, residents have begun to dislike Ofo's little yellow cars. Without comparison, there is no harm.

And more importantly, in order to cooperate with the promotion of WeChat payment, Qin Hao also organized a WeChat payment free first-order activity with Penguin. Although it only costs one or two yuan to ride a shared bicycle, who wouldn't like it if you can get it for free?

?

For a time, ofo's market share began to decline rapidly in any city where Youth Journey entered. This made David anxious. What made David even more panicked was that investors' confidence in ofo was also greatly frustrated. After all, ofo's

Valuation is entirely based on users. Now that users have been declining, who is still willing to be taken advantage of?

In desperation, David thought of working with Mobike to fight against Qin Hao. After all, the truth is that once Ofo collapses, Mobike will definitely be the next target on his youth journey.

This chapter is not over yet, please click on the next page to continue reading! However, after all, Mobai has not yet reached the critical moment of life and death with a knife on its neck. It is not as urgent as Ofo. When both parties are at the negotiation table, Ofo will naturally suffer.

Mobike proposed that ofo be directly merged into Mobike.

David almost got angry because he was asking him to hand over the fruits of his hard work to other people. The negotiation between the two parties broke up unhappily.

Qin Hao learned from Sequoia that the negotiations between the two companies had failed, and with the help of Sequoia, he met with David.

"Mr. Dai, since you are willing to talk to Mobai, why don't you consider incorporating ofo into Youth Journey?"

David said unwillingly: "Youth Tour's market share is already large enough, why do you want to steal our market?"

Qin Hao smiled: "Mr. Dai, the biggest difference between the Internet and traditional business models is the demand for scale. Traditional business models can survive as long as they occupy a certain market share, but in the Internet industry, this does not exist. Unicorns

It is destined to only have one corner. Obviously, the youth journey started earlier, and the business model is more mature than ofo. If you continue to fight, I will definitely win in the end, you should be clear about this."

"To be honest, if it weren't for Sequoia's help, I actually had no intention of acquiring ofo. There is only one opportunity. I hope Mr. Dai will not miss it."

Even if he was extremely unwilling, David could only agree to the acquisition of Youth Journey.

On New Year's Day in 2014, Qin Hao and David signed an acquisition agreement at the Youth Tour headquarters in Shanghai. Youth Tour will acquire all of ofo's assets for RMB 1.2 billion.

All user data of ofo were transferred to Youth Journey. After this battle, Youth Journey’s share of the shared bicycle market surged to 76%.
Chapter completed!