70% products focus on outbound travel

Absrtact: May 9 Evening News, the online leisure travel company Travel net tonight landed Nasdaq, the issue price of 9 U.S. dollars, financing 117 million U.S. dollars. The CEO of Udunder in the open before the opening of the telephone to receive an interview with the domestic media, he expressed confidence to maintain the high performance of passers-by

On the evening of May 9, the online leisure travel company's travel network landed on Nasdaq tonight, offering a price of $9 and financing 117 million dollars. The CEO of Udunder in the open before the opening of the telephone line to receive an interview with the domestic media, he expressed confidence to maintain the rapid growth of pedestrian performance.

and Ctrip Business Difference complementary

In the listing of the future cattle received Ctrip 15 million U.S. dollars investment, Ctrip will also be stationed in a director. Udunder said that the pedestrian and ctrip business is complementary, 70% of the product focus on outbound travel, and Ctrip is mainly domestic tourism. In addition, the main tourist is leisure tourism customers, and Ctrip is more business traveller customers.

Udunder that, Ctrip has been with the bull on the basis of a year ago, there has been the communication of capital, investment in the cattle is also the Chinese leisure tourism market.

"Including the entire online tourism market space is very large, last year the entire Chinese leisure tourism market is nearly 400 billion yuan, online penetration rate is only 7.7%, with offline to online customer transfer, has a very large space for development." "Udunder said.

At present, the whole China OTA market value, add up to about 10 billion U.S. dollars, the European figure is up to 100 billion yuan. This is also the reason for Udunder bullish on the Chinese market, "how we cooperate to make this cake bigger, is more worthy of concern." ”

In addition to Ctrip, Qihoo also as a cornerstone of investors to invest 500 of dollars. Udunder said, because Qihoo is very optimistic about tourism, so the passers-by soon decided to introduce Qihoo as an investor, in the busy after the listing will be and Qihoo to discuss some in-depth cooperation.

Be confident to keep growing at a high speed

Speaking of road performance, Udunder said the subscription situation is not bad, we are more concerned about the future development of passers-by. Although the capital market condition is not good now, but Udunder more value future performance development.

"We are very confident that we will continue to grow at a high rate. Udunder said, on the one hand, the reason is that China's outbound travel is very rapid development, the second line to the online transfer of customers is very obvious trend. "In this trend, we can grow faster than the industry by one times." ”

Udunder said that the listing is only a starting point, the future hope to continue to expand the size of the cattle and scale. At the same time, the bull will continue to reduce costs to increase the level of Maori, in accordance with such trends, in the short term will be able to see profit expectations.

In terms of business, the company will continue to pay attention to the online leisure market, in addition to brand continued investment, it will also expand the two or three-line cities, and provide a richer choice of products. In the wireless business, the wireless accounted for more than 25%, the next will continue to maintain a higher investment.

Will consider investment mergers and acquisitions

Talking about the future of capital operation, Udunder admits that it will consider some investment and mergers, but there is no clear plan.

For the purpose of the financing, Udunder said will be put into service centers, so that more Chinese can use cattle, but also will increase the service input, including VIP customer service system, as well as wireless input and mergers and acquisitions. (Lin)

Company Profile:

Passers-cattle tourism network located in the "Online leisure tourism Services", founded in October 2006, May 9, 2014 landed in the United States Nasdaq.