58 The better the city, the better the competitor

Absrtact: 58 The same city in a year's change is indeed very large, even Yiu Jingbo did not expect so fast market capitalisation reached 3 billion U.S. dollars. In the back, is 58 with the city's positive layout, each step, the road is wider, the competition is more intense, because 58 with the city better, competition on

58 the same city in a year of change is indeed very large, even Yiu Jingbo did not expect so fast market capitalisation reached 3 billion U.S. dollars. In the back, is 58 with the city's positive layout, each step, the road is wider, the competition is more intense, because "58 with the city better, competitors also better." ”

Over the past year, the market has changed a lot:

First, in fact, we can see that 58 of the same city business growth rate is fast. We've basically achieved double growth this year. It's faster than we thought. We find that the market potential is greater for each subdivision area if it can be done in depth. We run our own property, recruitment and other categories, you can not see the trend of slowing down. So I feel that every step forward, the road is wider.

Second, you will find that it is a very sensible decision to focus on classifying information. Those who do brand customer's vertical website, these two years not so strong, no longer the cusp. In the real estate, recruitment and other services, 58 of the city now can be with the former hand-breaking wrist, and even beyond them.

Third, we are in the industry, in the capital market is very hot, fire to a magnitude far less than our company can also be able to melt money. IPO, we did not expect the market value can reach more than 3 billion U.S. dollars. At that time, we also said in the United States that the market value of less than 1 billion dollars even if successful. Unexpectedly, we had to increase the price several times, after the listing is still close to 40 dollars per share. Including the later Tencent strategic investment 58 with the city, which we did not think of.

This year, the life is quite substantial. A lot of things have changed our minds, and that's a good thing. The bad thing is that the better I am, the better my opponents are. I thought the competition was going to die, and I thought it was a loser. But the better we are, the more people support it, that's not what I thought. It said that it was half the size of the 58 city and then financed 58 of the one-third of the city's market capitalisation, which led to more competition between us.

I think it's normal for someone to vote for it. In the heat of the capital market, this will happen. However, the opponents spend a lot of money just keep up with it, there will be no close to 58 of the possibility of the city. We are profitable, and grow fast, so that the opponents have to become a big loss of the enterprise.

The second bad thing is that in 58 of the same city in some subdivision areas, we saw a lot of competitors appear. For example, in the driving, home economics, the United States a category, a number of new start-up companies are financing. We can ignore it and ignore it, but in the end we may find that our future growth will be limited. In response to this competition--though not a positive one--we launched 58 home.

This is two points that I don't feel well. I do not know whether good or bad, is more competitive. My mentality may be better, competition must be bad? Of course not:

First, competition can enhance the sense of teamwork and promote unity and relaxation.

Second, competition will make the entire classified information industry larger. Because two of wars, to a certain extent, with the vertical site to rob users, which makes me compete with the vertical site can gain more advantages.

Third, the opponents will never win us, unless I do not vote. So the opponent financing, I see very insipid.