Tencent investment conditions attached: 58 city does not affect the independent development

Recently, following the announcement last month of Tencent's $ 736 million acquisition of a 19.9% ​​stake in 58 cities, some details of the investment have also been exposed: There are 4 additional conditions for the acquisition of Tencent. 58 The same city president, Yao Jinbo, confirmed the news to the Economic Voice yesterday (12 January) and stated that the conditions are not harsh and will not affect the independent operation in the future.

It is reported that in a file submitted to the United States Securities and Exchange Commission, 58 city announced Tencent acquisition of its equity 4 additional conditions: including the presence of the board of directors, 58 equity transactions require Tencent consent. For these contents, the reporter interviewed Tencent, but the other party do not want to talk about.

58 The same city president, Yao Jinbo, confirmed the news to reporters and said that these conditions are not harsh and will not affect the independent operation in the future.

Yao Jinbo: the announcement shall prevail. Tencent only accounts for our very few shares, the board has only one seat, we are certainly independent development.

20% of the shares, well-known IT manager, angel investors Wang Guanxiong seems a lot of fact, in a large listed company, 30% of the shares have the ability to control the company.

Wang Guanxiong: At least he should be the second largest shareholder. He has strategic resources to 58 a mobile portal, the right to speak is very heavy.

In fact, the inventory before the Tencent Sogou shares, public comment, Jingdong, etc., are almost all in such a proportion of layout, can be said to form a "20% equity model": the less profitable, not good at all cut off, to each other to go Operations, does not require control of each other, and lose the "super dowry" that WeChat entrance. This is easy to win partners, such as winning 58 this time in only 10 days.

However, from the perspective of capital structure, the entrepreneurial team headed by Yao Jinbo still firmly controls 58 cities. The cooperation between both parties will bring users more experience. Yang Miao Internet observers:

Yang Miao: For example, I want to find an hour later, I can enjoy 58 in the micro-city service city. An hour later, if registered in the same city of 58, I will find a very large number of people looking for me, and are all nearby people.

Tencent directly win the boss classified information site, also caused the industry turmoil. 58 shares of Tencent, the industry heard a number of Baidu, Ali assess the wind took over the market network, but the condition is required to control, given the price is not high, leading to the transaction was delayed. In this 58 shares of Tencent stake in the exposure of the city, the reporter confirmed to Ali again:

Ali: We can not comment on this one. If we want to respond, we will not comment.

According to Wang Guanxiong, the competition for local living services is no longer a mere flow of competition. Tencent can give 58 large-scale scenes of extension as well as human-to-human links, which Baidu and Ali do not have. Even if the future marriage, it is difficult spell "Tencent +58" combination.