Becoming Rich with Daily Scavenging APP-Chapter 421: Seeking a New Cash Cow

The food delivery subsidy war between Jindong and Ugly Group is raging fiercely.

It’s no surprise that those with similar past experiences are paying attention to this.

Chen Yiyang had previously received a message from Yang Chengru, saying that the higher-ups hoped that the subsidy war wouldn’t destroy the original business environment.

However, at the time Chen Yiyang was busy with the robot fighting contest and didn’t look into it further.

The higher-ups didn’t bring it up again.

Now, hearing Liu Qiangxi mention the higher-ups’ summoning again, Chen Yiyang asked, "So what’s the meaning from above? To make Ugly Group and us stop the subsidies immediately?"

"Of course not," Liu Qiangxi said, "How do you ban subsidies? Prevent us from issuing coupons? We could just tell the merchants to adjust the prices directly, wouldn’t that work?"

"Then what is it?" Chen Yiyang asked.

"I looked at the preview content disclosed to me. This time, it’s a five-department conversation. The first point is to ensure the rights of delivery drivers, not exploiting them using big data.

Then it’s about moderately cooling down the subsidy war, and that delivery platforms should focus on the quality of the deliveries. The direction of the discussion and the wording are very gentle, should just be to prevent our two companies from getting red-eyed in the battle, fighting until only one survives and becomes the next Ugly Group that exploits merchants and riders from a monopoly position."

"If that’s all, then let the subsidy war continue," Chen Yiyang, after obtaining confirmation from Liu Qiangxi, immediately understood the attitude of the bosses.

The three demands above are not at all to lower the intensity of competition between Jindong and Ugly Group in the food delivery industry.

Rather, it’s to prevent them from going too far, resulting in just one surviving.

"Right, my opinion is to continue fighting," Liu Qiangxi said, "First fight until only we and Ugly Group are left in the market."

When the top two fight, the third one is surely going to suffer.

Jindong and Ugly Group both hold hundreds of billions in cash, having the confidence to continue fighting in this delivery war.

Neither side can devour the other, but isn’t there a third one whom both sides can consume?

Baolamo’s cash reserve can be said to be almost nil, not to mention Ali behind Baolamo is also going through tough times.

In the food delivery war between Jindong and Ugly Group, Baolamo is surely the first to make an appearance.

Once Baolamo’s market is snagged by the two companies, they can then consider whether to cancel the subsidies or not.

After chatting with Jindong, Chen Yiyang continued to look at the remaining materials.

The food delivery industry is in a fierce battle.

The new energy vehicle sector is not peaceful either.

The war of words between Changcheng and Biya Mansion has not ceased after a blog post by Biya Mansion’s executive; instead, it has intensified.

In the face of attacks by the official account of Changcheng, Biya Mansion finally chose to cut the prices of their models, using subsidies to lower Changcheng’s profits.

As a result, before Changcheng could react much, another car company, Jili, got anxious.

The president of Jili came out with a public statement saying that some car companies lack ethics, and Jili can’t follow suit.

Because, in many models, Jili is directly competing with Biya Mansion.

Biya Mansion cut prices, Changcheng couldn’t keep up and could only wait for death.

But Jili has the capability to follow suit, so they had no choice but to lower prices as well to maintain their market share.

Of course, the ups and downs in pricing by these car companies don’t have much to do with Chen Yiyang, but he did see something else in them.

That is, the final shuffle in the new energy vehicle field has begun.

If those car companies focusing on cost-effectiveness can’t keep up with sales and cash flow, they can easily be crushed directly by big companies like Biya Mansion and Jili.

So is Chen Yiyang’s Yiyang Automobile.

Originally, Chen Yiyang was ready to sell at low prices in the domestic market, even at a loss.

But now it seems it’s not enough; more money needs to be reserved to deal with the upcoming subsidy war.

Do deliveries need cash flow, and so does selling cars.

Chen Yiyang gritted his teeth, wondering where to find so much cash flow.

After thinking it over, Chen Yiyang thought that the industry that could quickly bring in ample cash flow must be gaming.

Especially mobile gaming—betting on a single game could earn enough money in a short time.

So, Chen Yiyang asked his assistants to help inquire if there were any gaming studios looking for investment lately.

Chen Yiyang didn’t expect that once the news that he wanted to invest in game studios got out.

Lots of game studios from within the country came rushing with their proposals to Chen Yiyang’s company, and many foreign game studios sent quite a few emails to Chen Yiyang’s company as well.

Most notably from South Korea’s game studios.

"Game studios over in South Korea all hope to receive investment from you, boss," the assistant said to Chen Yiyang.

"What, I have such a good reputation in South Korea?" Chen Yiyang, although he had been to South Korea once, hadn’t invested there many times.

The most notable thing he did in South Korea might be acting as an intermediary to help a domestic drone company sell drones to military contractors over there.

"You forgot," the assistant reminded, "You once signed a 2 million guaranteed minimum release for an indie game in South Korea."

With the assistant’s reminder, Chen Yiyang recalled.

He did snag a good deal in South Korea.

This deal, in his view, wasn’t a big deal.

After all, the final sales of that indie game far exceeded 2 million; even though he provided a 2 million guaranteed minimum release, he still made a significant profit in the end.

However, this is not how others saw it.

If you look for a serious game investor, no matter how optimistic they are about a game, even if they think it’s a super masterpiece,

No one would dare give a 2 million assured release to the counterparty.

After all, in the history of gaming, not many games have sold over 2 million copies.

Thus, Chen Yiyang’s reputation in the South Korean gaming circle is exceptionally good.

People think Chen Yiyang is the kind of super investor who, as long as he sees potential, won’t hesitate to invest.

So when they learned that Chen Yiyang was preparing to invest in game studios recently, they flocked to send him games.

Chen Yiyang patiently went through the emails from these game studios.

But there weren’t many worth looking at.

Mainly because for some reason, most South Korean game studios are blindly obsessed with MMO-type games.

All the studios that sent games without exception mentioned having plans to produce MMO games.

Whether it’s MMO mobile games or PC games, Chen Yiyang currently doesn’t think much of them.

The era of grindy, pay-to-win MMOs is past.

Chen Yiyang thinks that the next MMO game that will burgeon over must be lightweight and not heavily monetized.

Not like what South Korea is sticking to—requiring heavy monetization and a lot of time spent on events.

However, in this pile of emails, Chen Yiyang did notice a name that piqued his interest: Jin Taeheng.

If he remembers correctly, Jin Taeheng was the art director of the once-popular game, Sword Spirit, in the domestic scene, right?