Yiu Jingbo, Chen: Classified information is far from making money

Source: Internet
Author: User
Tags copy ticket

June 7, Cool News CEO Chen and 58 with the City Network CEO Yiu Jingbo to visit Sohu It "create a Circle" column, sharing their respective information in the field of entrepreneurial experience. Cool News is a classified information search engine, and 58 of the same city is a vertical portal of classified information.

Yiu Jingbo said in the interview that the entire classified information market is still in the initial stage, it will take a year or two to nurture the market. Chen also said that cool news has been exploring the road to profitability, but is not satisfied.

According to the two-bit introduction, the development of classified information is closely related to the concentration degree of Chinese Internet, in the big cities such as Beijing, Guangzhou and Shanghai, the classification information develops relatively quickly, but in the level two or three city, the users of classified information are relatively few.

In addition, Yiu Jingbo and Chen also revealed that the current classification information market, mutual copy of the phenomenon is very serious, often a post sent to, soon on the Internet.

Here are two wonderful ideas:

Yiu Jingbo: Just Internet users chatting QQ, watching news, playing games, but a year or two later, they will want to use the Internet to solve life problems, housing, find a nanny, find a tutor, hope to have such a number of services.

Chen: From the data analysis of cool news, we are a large part of the flow from Beijing. Beijing is the biggest, then Shanghai, then Guangdong, Shenzhen, and then some smaller cities.

Chen: Now classified information site, mutual copy of the phenomenon is very serious, cool news is pro have experience. We've got a lot of websites, and a lot of information is repetitive, and we've removed all the information we've been repeating.

Yiu Jingbo: The entire classification of information industry is not yet to make money, we estimate in a year or two, or in the development of the market stage.

Chen: We have been trying to find a profit model, there are some income, but not so satisfied.

Yiu Jingbo: I did classified information because I was cheated .

Chen: From the train ticket search

Moderator: Good afternoon, everyone Sohu netizens. This is Sohu it "create a Circle" column. Today we invite two guests, one is founder and CEO Chen, and one is 58 company president and CEO Yiu Jingbo. Today, two more to talk about the field of classified information. In fact, the classification information from last year began to lively, many companies also entered this area at that time. The two-bit companies also began almost the year before. First, please two individual to make a simple introduction.

Yiu Jingbo: I am 58 with the city of Yiu Jingbo, this is the third time to Sohu chat. In the current classification information market, I and Chen feel that the market is still in the early days, we and many competitors, including Cool news together to nurture the market.

In layman's terms, classified information is to provide a platform for all Internet users to publish their own needs, including rental, friends and so on, so that people in a certain region, can achieve seamless communication.

Chen: Hello everyone, I am the CEO Chen of Cool News. Cool News is a search engine, with 58 a bit different, we use the technology of search engines, the Internet real-time life information to find, to provide users with real-time search. Life information posted throughout the Internet, such as renting a house, buying a train ticket, recruiting information, etc., can be searched by Cool News. So, cool news is to search the way involved in the classification of information industry.

The current market, as just talked with Yiu Jingbo, is still a developing market, we have to find ways to improve the user experience, in line with the attitude of helping users solve problems, to promote such a product.

Moderator: Before and two discussion, you think "classified information" This is more elegant, more written. That is not to be understood as, in fact, classified information is life information.

Chen: Not exactly, I think, classified information is the kind of more subdivision information in life information.

Moderator: With life very tight, basic necessities.

Chen: Yes, this concept is too large if the classification information is collectively referred to as life information.

Yiu Jingbo: Actually, I can't say that. Classified information, or classified ads, has been around the world for hundreds of of years, such as in ancient times, when someone would post a notice saying, "What am I going to do?" in the 20 's Shanghai declaration, there were early rental, marriage and other information. These are kind of classified information.

But in China, classified information from 2000 to now, began to enter the trend of rapid development. Look at foreign markets, in the foreign classification of information is actually a very mature market.

Moderator: Two are chosen to enter the field of classified information, why did it enter? What is it that tempts you?

Yiu Jingbo: We enter this field, to get venture capital, Cool News also almost got. We are basically the same time to start, the same time to get investment, the pace of development is similar.

I enter the classified information market is mainly my personal hobby. Because when I came to Beijing from the field, I was the first time to rent the intermediary to cheat, at that time looking for information on the Internet, but at that time in 2002, has not been found. So last year I wanted to do such a platform.

In addition, when I started a business, I was thinking, what has been very mature abroad, developed very well, but not in China? We found some of the top U.S. classification sites, think this thing in China may have great prospects for development, so we introduced to China, combined with the actual local to do 58 of this platform.

Chen: In fact, cool news is not said because want to enter the classified information market and enter, more reason is because I and another founder of the entrepreneurial background. We all do search engine origin, we think the search engine can solve many problems. At the beginning of 2006 we did a train ticket search, which was very fire. Because the internet is full of information about the train ticket, but to find a suitable, but very tired.

At that time I thought, I have done in Microsoft for almost six years of search engine, very understand search, think search engine is the most suitable to solve this problem. So I started doing it.

After we have finished the train ticket search, the user is very popular, can solve their life problems, and not only solve the train ticket problem, but also solve the problems of life, such as renting a house, buy a house, look for work information. This kind of information has a characteristic, is very dispersed, the manual is difficult to look for.

Moderator: Now there are a lot of classified information sites, Yao always do 58 a bit like a vertical portal, but do classified information search, as if you are cool news.

Chen: No, we still have competitors to search for. Now the biggest competitor of Cool news is Google. Google imitates cool news to do an identical website. This is the characteristics of Google localization in China, keep copying others.

Moderator: To enter this field, it must be judged. At that time is according to which characteristics, to determine the classification of information must have a future?

Yiu Jingbo: The number of internet users in China is improving, and the age level of Internet users is also increasing. Maybe just Internet users chatting QQ, watching news, playing games, but a year or two later, they will want to use the Internet to solve life problems, housing, find a nanny, find a tutor, hope to have such a number of services. This is the first big trend.

2nd, China's cities are growing, every year millions of of college students graduate into the workplace, often do not understand a city, he can not live in a city for a long time to get help like people. 58 provides a platform for them to post a message that many people who do not know can help them complete unresolved problems.

This is the two big trend, and the development abroad proves that the model is feasible.

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