For this news, Didi official did not respond to the request for comment. Of course, at this moment, it is reasonable for Didi to promote IPO.
At this time, the enthusiasm of the stock market is high, and the market value of technology stocks has soared at a rocket-like speed, which is staggering. At this time, financing is relatively easy, and it is relatively convenient to raise a large sum of money in the capital market to reserve ammunition for the subsequent fierce competition. Eager investors need a strong exit to boost morale; Of course, the options held by executives also need to be cashed through IPO, which is why the whole building was thunderous after the news of Ant Financial's IPO listing came out. ?
Up to now, Didi Chuxing is still an absolute monopoly network car operator in China, and its market share is expected to be around 90%. However, Uber, a friend of Didi Travel, did not perform well in the stock market after listing, which would drag down the valuation of Didi.
On May 20 19 19, Uber went public at a price of 45 dollars per share, with an overall valuation of about 82.4 billion dollars. In the whole fiscal year of 20 19, Uber's revenue was $65,438+0,465,438+47 million, and its net loss was $8,506 million (the stock expense in the second quarter was $3.9 billion).
The continuous blood loss in operation has stabbed Uber's share price. As of July 20, 2020, Uber's share price was only $33.66 and its market value was $58.37 billion.
Similarly, in the China market, although Didi's commission has reached 25%, the company is still not profitable.
Cheng Wei, CEO of Didi, revealed in an internal letter in February 200019 that from 200012 to 200018, Didi's accumulated loss was 39 billion yuan, and the loss of 201/kloc-0 billion yuan? . Another disadvantage for Didi Chuxing is that it is a high-frequency category, but it does not seem to be a profitable category with high gross profit.
If the operational efficiency cannot be improved in the vehicle link, the "future" of Didi business is still full of uncertainty. In view of this, on August 5, 20 19, Didi spun off the autonomous driving business and prepared to increase investment in this business.
On June 27, 2020, Didi Autopilot launched the trial operation of RoboTaxi in Shanghai, creating momentum for the market. However, in this field, Didi is facing the attack of giants such as Waymo and Baidu Apollo. In addition, the gradual development path of autonomous driving such as Tesla, Li and Xpeng Motors will bring greater competitive pressure to Didi.
At the same time, giants such as Meituan and Ali will continue to attack the tourism market.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.