66: Chapter 66 Meituan's Plans to Go Public in the US

The next morning.

Sunlight spilled across the soft, large bed at Tomson Riviera.

Chen Mo stretched and climbed out from under the covers, leaving behind a pair of slender, pale arms.

Chen Mo had spent last night at Wu Dongju's place.

This eldest miss of the Wu Family had been suppressed for nearly a month without seeing him, and the moment they met, she threw a little tantrum.

She had quite literally pinned Chen Mo down...

“Truly a little enchantress...”

Chen Mo shook his head with a smile. After washing up and changing into casual clothes, he headed out the door.

The driver, Old Xu, was already waiting downstairs. Seeing Chen Mo come out, he immediately opened the car door.

“Good morning, President Chen.”

“Morning. To the company.”

Chen Mo leaned back in his seat and closed his eyes to rest.

Before long, the car stopped in the parking lot beneath the Tianxing Technology Building.

Chen Mo swiped his card and entered the private elevator, going straight to his top-floor office.

He had barely been sitting for two minutes;

Zhang Kai knocked and walked in carrying some documents.

“Good morning, President Chen. There's an important piece of information that I've already marked as a priority for you.”

“Oh?”

Chen Mo took the document and looked at it;

He saw the message marked as a priority:

“According to reports, Jack Ma and Pony Ma have flown to America together on a private jet.”

Chen Mo raised an eyebrow and then said:

“They went together?”

Zhang Kai replied:

“Yes. They were accompanied by several executives from Fast Ride and Meituan, as well as representatives from several domestic capital firms.”

“The purpose of their trip is to meet with Wall Street bigwigs to discuss the US listings of Kuaidi Taxi and Meituan Takeout.”

After hearing this, Chen Mo clicked his tongue.

It's coming.

What was bound to come has finally arrived.

Chen Mo picked up the warm water on his desk and took a sip, his mind clear.

Alibaba, Penguin, and that group of comprador capitalists had long wanted to go public to rake in money.

Why did they insist on going to the United States for an IPO?

The reason was simple.

First, these two companies had been burning money for years with continuous losses, and they simply didn't meet domestic listing standards.

Second, domestic listings do not allow for 'same shares, different rights.'

With the small percentage of shares Jack Ma held in Alibaba, if they truly listed domestically, he would be kicked out by capital in no time.

Therefore, these people were all scrambling to get into us stocks and hong kong stocks.

Only there could they maintain firm control with a small number of shares, burning money while harvesting the 'leeks' of the market.

Chen Mo continued to ask while gesturing for Zhang Kai to sit down and speak:

“What about Wall Street? What's their attitude?”

Zhang Kai sat down and continued:

“Wall Street capital isn't interested in Kuaidi Taxi.”

“Fast Ride almost has a monopoly domestically, yet it continues to suffer massive losses that grow every year. Wall Street considers the risk uncontrollable and refuses to take over.”

Chen Mo laughed.

Even with a monopoly, they could lose money like dogs; only this group of people could manage that.

Americans aren't stupid; no one is willing to use real gold and silver to fill that kind of bottomless pit.

“What about Meituan then?”

“For Meituan Takeout, Wall Street has given a quote, but the valuation is being pushed very low.”

“The reason is simple: our Tianxing Takeout is still around.”

Hearing this, Chen Mo showed an amused smile.

Exactly.

As long as Tianxing Takeout doesn't die, Wall Street won't dare to raise the price to take over Meituan.

No matter how arrogant they are, they wouldn't dare to disregard him, Chen Mo, or Tianxing Technology.

They just didn't know.

The previous reduction in subsidies wasn't because Chen Mo couldn't fight anymore, but because he was intentionally keeping Meituan alive on life support.

If he had truly gone for the kill, Meituan would have been out of the game long ago.

“So, in the end, they still decided to take over Meituan?”

“Yes, President Chen.”

“Although the American quote isn't high, it's at least enough to let Alibaba, Penguin, and the capital behind them recover some blood.”

“Moreover, the funds in Meituan's accounts are almost burnt out. If they don't go public, they'll collapse on their own without you even having to lift a finger.”

“As for Kuaidi Taxi, Wall Street's choice was to abandon it directly; they won't take it.”

After reading through, Chen Mo was thinking to himself.

Meituan wants to go public in the US?

Sure.

But that depends on whether I, Chen Mo, agree to it.

“Want to go public?”

“Then I'll add another log to the fire for you.”

Hearing this, Zhang Kai asked from the side:

“President Chen, what do you plan to do? Do you want to directly launch a full-scale subsidy war?”

Chen Mo waved his hand and said in a lazy tone:

“No need for such trouble.”

“As long as we increase the subsidies for Tianxing Takeout again, in less than three months, we can make Meituan's financial reports look absolutely hideous.”

“By then, even if they manage to go public, the stock price will drop so hard their own mothers won't recognize it.”

“Want to rake in money and bring it back home?”

“In your dreams.”

After saying that, Chen Mo took a thick stack of blueprints from his desk drawer and pushed them directly in front of Zhang Kai.

“Arrange for this personally. Send it to the authorities with the highest level of confidentiality.”

Zhang Kai was stunned for a moment:

“President Chen, what blueprints are these?”

Chen Mo said indifferently:

“Aircraft engine design blueprints.”

Zhang Kai's pupils shrank violently:

“...Aircraft engines?!”

Zhang Kai was shocked by Chen Mo!

He knew his boss was impressive, but he hadn't expected he had still underestimated him!

Zhang Kai swallowed hard:

“President Chen, you can even develop something like this?”

Chen Mo leaned back in his seat and said nonchalantly:

“Just a little bit of technical accumulation, nothing to be surprised about.”

Zhang Kai: ...

A little bit of technical accumulation?

And 'nothing to be surprised about'?

This is a massive amount!

This is a bottleneck field that the entire country has been dreaming of breaking through for decades!

“Then President Chen, after we hand it over?”

In his impression, the boss was never someone who would let the hawk go without seeing the rabbit.

Now that he was throwing out this trump card—a super trump card at that—there must be something big coming up.

Chen Mo smiled and said:

“I originally wanted to wait a bit longer, until they had built the planes but lacked the engines to bring it out—that would be providing help when it's most needed.”

“But what I need to do this time is a bit big, so I have to bring it out early.”

Zhang Kai asked:

“President Chen, are you planning to set some conditions with the authorities?”

Chen Mo nodded:

“I do want to make some requests, but not for myself.”

Zhang Kai was startled:

“Not for yourself?”

“Mm.”

Chen Mo said:

“It's for all the independent contractors within the Tianxing ecosystem: the takeout riders, the livestreamers, the web novel authors—everyone who makes a living through our Tianxing platforms.”

“I want the state to legislate.”

“Mandate insurance for these people: pension, medical, and work-related injury insurance. Not a single one can be missing.”

Zhang Kai: ...

He had originally thought the boss brought out an aircraft engine because he wanted to trade for policies, resources, or land.

He never expected...

It was actually to demand state legislation for mandatory insurance for the low-level riders, streamers, and authors!

“President Chen, this is no small matter!”

“If this happens, the entire takeout, livestreaming, and web novel industries will be turned upside down!”

Chen Mo smiled faintly:

“It's better if it's turned upside down.”

“Some people are busy going public on the US stock market to harvest 'leeks' and make a fortune, while the people running orders at the bottom don't even have a safety net.”

“This is just too unfair.”

“Take the blueprints and go talk to the authorities!”

Chen Mo waved Zhang Kai away.

Zhang Kai held the blueprints and said:

“Don't worry, President Chen. I'll deliver them personally and guarantee your requirements are met!”

Chen Mo waved his hand:

“Go on.”

Zhang Kai clutched the blueprints, his steps feeling a bit light as he walked out of the office.

He could almost foresee it.

Once these blueprints were handed over,

There would surely be a massive earthquake on the official side.

The entire internet industry would also undergo a complete transformation.