Text / Yang Song Editor / Li Huilin
Established for 8 years, there is no driver’s license, with a dripping of a 13 million driver, driving to IPO.
On June 11, the dripping travel submitted a statement to the US Securities Exchange Commission (SEC), intended to be listed in US stocks, the stock code is \”DIDI\”.
The statement shows that more than 4,000 towns of 15 countries, providing webmarks, taxis, windmills, sharing bicycles, sharing electric bicycles, etc. As of March 31, 2021, the Global Platform provides services for active users more than 493 million years. China as the core market, with 377 million years of active users, and 13 million active drivers.
The drip has long been in a loss, and the total loss of 35.3 billion in the past three years has been lost until the first quarter of 2021. Net profit is 5.5 billion yuan (about $ 800 million) .
According to Bloomberg report, in the non-public trading market, its valuation reached $ 95 billion. More than $ 25 billion more than the Akai car.
Profit main relying on China
The business is divided into domestic travel business, international business and other businesses, 2018 to 2020, revenue is 135.3 billion yuan, 15.48 billion, 141.7 billion yuan, net losses are 15 billion yuan, 9.7 billion yuan and 10.6 billion yuan.
The domestic travel business is the \”cash cow\” of the drip, contributing more than 90% of the revenue, is the current unique profitable business. In the first quarter of 2019 to 2021, the total profit of the adjusted interest tax was 3.84 billion yuan, 3.96 billion yuan, 3.62 billion yuan.
Domestic travel business can achieve profitability, great reason is that after the market dominance, the drip is controlled for the driver’s subsidies.
From 2018 to 2020, the amount of income and rewards provided to the driver is 127.8 billion yuan, 139.7 billion yuan, 125.8 billion yuan, and the proportion of total revenue fell from 94.5% to 88.7%.
Dropped in 2018 into the international market, there are more than 60 million years of active users. As of March 31, 2021, overseas users accounted for about 12% of the world’s active users.
Other business includes new business, sharing bicycle, etc.
The reason why the first quarter of 2021 can be achieved, mainly benefited from investment income of up to 12.36 billion yuan in the current period.
Drops explained, mainly due to demolition of entity integrity technology companies engaged in community group buying business, fromI recognized the unrealized benefits of 9.1 billion yuan. In addition, an equity investment shall be confirmed by 3.3 billion yuan.
The new business is still in progress, and the community group purchase, sharing bicycle, automatic driving, and city freight and other new business, alone financing.
At present, the community group purchase business orange heart is preferred, and the cream sharing bicycle and electric bicycle business, automatic driving company, the same city freight valuation reached 1.8 billion US dollars, $ 1.9 billion, $ 3.4 billion, 2.8 billion US dollars, The drip deposit is 32.8%, 88.3%, 70.4%, 57.6%, respectively.
Drip intends to continue to increase the investment of shared bicycles, automatic driving and city freight, and 30% of IPO fundraising will be used to enhance these business skills. Drips are also expressed in the present invention, may lose control of partial subsidies.
In the open letter of the present, Cheng Wei, founded the end of the drip.
2012 Beijing winter night, he waited for taxi in the long team, \”Just in that year, we launched a drop, the goal is very simple, that is, people It is easy to call a taxi. \”At the end of the year, the passenger volume of the drip has 100,000 passengers.\”
Cheng Wei Source: After the official Weibo
At the stage, it will then extrude the Chinese market.
Among the investors of the drip, there are Tencent, Ali, Baidu, and Overseas Uber, Soft Bank and Apple and other international companies, accumulated financing more than 20 billion US dollars.
Cheng Wei’s holdings are 7.0%. In contrast, when the US group IPO, Wang Xing’s shareholders accounted for 11.44%.
Cheng Wei, Liu Qing’s total has more than 48% of voting rights, including two-person drip management, with more than 50% of voting rights.
A major shareholder, SoftBank Vision Fund, $ 21.5%; the proportion of Excellence is 12.8%; Tencent’s shareholding ratio accounts for 6.8%.
China’s data, China’s total expenditure is expected to increase from 233 billion yuan in 2020 to 86.2 billion yuan in 2025, of which the network is expected to grow to 700 billion yuan by 2025. The compound annual growth rate was 32.0%. Drops as industry leaders will benefit from industry growth. However, the entire Internet strong supervision policy environment. The drip business is facing many legal and regulatory risks, which may have adverse effects on business and future prospects.
In this market environment, it is difficult for the drip network to get a higher profit by raising prices. 2020 China NetworkThe surfriend of the car service interest tax exchange rate is only 3.1%.
The role of webmobile business provides more cash flow and massive users to promote the development of their community group purchases, the same city freight, sharing bicycle, etc.
The new business of the drip faces the challenges of the Internet giants such as US groups, and the competition will be more intense.
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