hungry after so many rounds of financing, why do you continue to get the favor of capital? Hungry? The story being painted reflects a standard sample of "O2O good students" in the eyes of capital. However, in the face of the natural pain points of the food and beverage take-away business and fierce market competition, how long can this good student enjoy the scenery?

Only seven months after the E-round financing of $351 million, we were hungry and ushered in the F-round financing of $631 million, which claimed to set a new record for the single financing amount of the global take-away platform. According to legend, its valuation has reached $3 billion.

Round F has become a gateway to corporate financing, and even a curse. Those successful companies in China's Internet industry, such as JD.COM, which was once regarded as burning money endlessly, went public after 1 years of financing in the F round; After Xiaomi's financing to the F round, it has been able to hit the throne of the world's unlisted technology companies. Fanke, known as marathon financing, got the highest amount of F-round financing of $231 million in 2111, and the IPO failed, and the company's situation took a turn for the worse. Now, despite the G-round financing that Lei Jun took over, the valuation has already shrunk dramatically, and the future is getting darker and more inexplicable.

hungry after so many rounds of financing, why do you continue to get the favor of capital? Hungry? The story being painted reflects a standard sample of "O2O good students" in the eyes of capital. However, in the face of the natural pain points of the food and beverage take-away business and fierce market competition, how long can this good student enjoy the scenery?