58 Yiu Jingbo: Cooperation is not in the stand, still insist on independent development

June 28 Afternoon News, 58 with the city announced late yesterday, Tencent company to invest 736 million U.S. dollars to 58 of the same city fully diluted after 19.9% of the shares.

According to 58 of the same city CEO Yiu Jingbo earlier micro-blog revealed that the investment from the two sides began negotiations to complete only 10 days. But why are they "flash"? This SINA technology telephone interview in the morning to Shenzhen to meet Tencent CEO Ma Yiu Jingbo.

First of all, for the question of the outside world, Yiu Jingbo responded that, like DCM, soft silver race rich, Tencent as 58 of the city's institutional investors, and will not interfere with 58 of strategic decisions, the future will be considered as the first choice of local services partners, 58 of the city will still adhere to independent development.

In fact, after the transaction, Tencent became the second largest shareholder in the 58 city, and the first largest shareholder in the city, while 58 founder Yiu Jingbo and management team were still the first major shareholders. In addition, 58 with the city is AB equity structure, Yiu Jingbo and its management team to 1:10 of the share, Yiu Jingbo and its management team still has super voting rights, and Tencent only 15% voting rights.

All along, 58 with the city and Baidu maintained a cooperative relationship, and the Tencent shares 58 will affect the relationship between them? Yiu Jingbo said: "The problem does not exist at all, 58 choose to accept the injection of Tencent, does not mean that the choice is to select a team, the next 58 will continue to be open to strengthen the friendly cooperation with the bat."

Why do you choose to cooperate with Tencent? In Yiu Jingbo's view, the first two sides in the local life services on the idea of a high degree of agreement, followed by the advantages of the complementary resources, such as Tencent's QQ, micro-letter, QQ browser and QQ space and other products will strengthen 58 communication capabilities and social level, improve user communication efficiency, increase user stickiness and 58 The natural attributes of local information service and the accumulation of large number of small and medium-sized merchant resources, can directly affect the strategic layout of Tencent O2O key link.

Finally, Yiu Jingbo to Sina Science and technology admits: "Although Tencent this capital injection is 100% cash transaction, but 58 same city is not anxious to carry on the strategic adjustment of the fund level, but still will according to before plan good ' 1 billion US dollar investment, merger and acquisition ' path forward". (Mu Yuan)