The high profile of Dudu Travel also has some benefits for Lin Yi.
That is when the employees who started to drift away some time ago were forced to realize that traveling thousands of miles is far from the time when they can brazenly shout "I am the best in the world".
Naturally, Lin Yi would not let go of this opportunity. He repeatedly emphasized that judging from the financing situation and subsequent publicity of Dudu Taxi, it cannot be said that he is eyeing it with covetous eyes. It should be said that Sima Zhao's intentions are well known to everyone.
In fact, from a business perspective, the situation of traveling thousands of miles is not that critical.
Li Moyan reported on the situation of the private car business since its launch in August:
"Because we were the earliest among the three to go online, and we immediately increased investment after financing was received, our current share in the private car market is relatively optimistic."
"To be specific, as of now, our advantage in the private car market may be even more significant than that of the taxi market. We can suppress Dudu in northern cities and Kuaidu in southern cities."
"Of course, after Dudu succeeds in this round of financing, I believe more funds will be invested. We will keep a close eye on this and adjust operational measures in a timely manner."
Although Lin Yi previously told the media that he would not restart the subsidy war, this was also a tacit agreement with Dudu and Kuaidu when they stopped fighting.
But everyone has received so much money. If they don’t spend it, will it be kept in the bank and earn interest? Some actions are inevitable.
“How’s it going with Uber?”
It was Li Moyan who answered: "According to our market research, Uber's popularity and acceptance in first-tier cities are relatively high, and its market share is also considerable."
"However, Uber has not continued to sink so far. In terms of coverage, it is very different from us and Dudu Kuadu, and it does not pose a major threat for the time being."
Lin nodded. Although they were both opponents, one had to distinguish between long-term worries and short-term worries.
He turned to the other side: "We and Dudu have already received this round of financing, so Kuadu can't be indifferent, right?"
This question is answered by Liu Jianni, who is responsible for monitoring and regularly reporting on capital market developments.
"Kuaidu originally had a C2 round financing plan with a relatively small amount, but as soon as our US$800 million financing results were announced, we immediately changed the plan and sought a large financing of at least US$500 million."
"Kuaidu is even more anxious as soon as Dudu's US$700 million comes out. According to the exact information I got from my friends in venture capital institutions, Factory A is now directly negotiating for Kuadu's financing."
She added: "Factory A is very strong and has obvious intentions of making a quick decision."
Kuadu has gradually lagged behind Wanli Travel and TukTuk Taxi over the past six months. Various efforts have still not yielded results. It is reasonable to say that financing has not gone smoothly.
Everyone knows that Factory A is the main backend of Kuadu, but Factory A jumped directly to the front desk regardless of face, which also reflects their mentality.
This may be bad news for Wanli Travel, because if Factory A comes forward, it will help Kuadu’s financing anyway.
But Lin Yi had a different view. He felt that it might be time to realize the awesomeness he boasted about Zhang Lei.
Thinking of this, he gave an order: "Kuai Du is the focus of our recent attention, so we must pay close attention to it."
Liu Jianni nodded solemnly and said yes.
Originally, she was relieved to receive the US$800 million from Gaoling Capital. This was her first battle since joining Wanli Travel. Although she experienced some twists and turns in the United States, she finally achieved an ideal result.
Whether it is for the company or Lin Yi who invited her, Liu Jianni can give an explanation and is worthy of the management equity she received worth US$20 million.
Oh, it's more than 20 million now.
However, the announcement of the $700 million for Tuk-Tuk Taxi immediately tightened her nerves. Even if she took Liu Qing's statement that "there are more investors in the process of being contacted" as a bluff, the amount itself was compared to that of Wanli Travel.
US$800 million is not much more than that.
What's more, their investor lineup is equally luxurious.
Liu Jianni and Liu Qing had known each other for a long time, and there was not much of a personal relationship. However, after this battle, they were very afraid of that woman.
Although financing matters first depends on the company's endowment, Dudu's success in this round of financing cannot always be attributed to Cheng Wei.
In short, she has been under a lot of pressure recently.
…
Something happened during this relatively quiet period in business.
In the port city in the south, a group of wasted youths, organized by a few deer-headed devils, started to cause trouble and created some momentum.
Lin Yi, who experienced this for the second time, didn't care too much, because the things they had been tracking before finally came to fruition.
Following Wanli Travel and Kuadu Taxi, Kuadu also announced the completion of a US$600 million Series D financing, which also attracted a wave of attention.
As the saying goes, as long as I am not embarrassed, others will be embarrassed.
Although many people have seen Kuadu's guilty conscience and flaws through the results of this round of financing, they still have to work up their spirits and sing war hymns, imitating Wanli and Dudu's example of making a big splash.
How can you see it?
A layman watching the excitement, an expert watching the crowd, the public just lamented the continuous large-scale financing that the taxi-hailing industry really has "broad prospects for making money", but Lin Yi and Liu Jiani obviously saw something else.
“Very rushed.”
Liu Jiani faithfully performed her duties. "Although in terms of amount, Kuadu's $600 million in this round is not much different from the other two companies, in terms of time, it is only one month apart from each other."
"But the lineup of investors shows its timidity. Kuadu's US$600 million comes from SoftBank, Tiger Fund and Factory A."
"Factory A was Kuadu's most important strategic investor before. Needless to say, there is no need to elaborate on the relationship between the two. If it is a regular follow-up investment, there is nothing worthy of special attention."
"The relationship between SoftBank and Factory A is also well known. Although there was some unpleasantness before when Zhifubao was divested, the two companies are still very close, especially when it comes to investment strategies. They often work together and are responsible for capital and business respectively.
support.”
“It’s normal for Factory A to recommend companies that Factory A is optimistic about and SoftBank gets investment from them, but Kuadu’s current performance is hardly outstanding.”
"Tiger Fund is more interesting. It is of course also a very well-known investment institution. It seems to be a completely market-oriented investment decision."
"But in fact, Factory A completed its listing on Nasdaq in September. Because it gave a considerable discount on the issue price, it soared by more than 30% on the day of the IPO, which made investors very satisfied."
"Among them, it is said that Tiger Fund got a big piece of cake here, and it can be basically confirmed that it is not groundless."
"If this is the case, then it is entirely possible that Tiger Fund's investment is a return favor or an exchange of interests for Factory A."
"In other words, the only investor who had no connection actually paid for it because of the face of Factory A."
A smile appeared on Liu Jianni's face, and she gave her conclusion: "It can be said that this round of financing of Kuadu Taxi is a team building of Factory A capital."