Drop fast to merge, the next three big guesses

Drop fast Merge Three big conjecture: Liu Tricksters, government amnesty, pull high off the field

Recently rumors about the taxi market burning money the two big giants drop a taxi and fast will merge news constantly, although both sides denied the fastest speed, but today the investment community to obtain capital market sources said the two have been formally merged, but the proportion of specific share is not clear.

After the news, the investment community the first time to contact the quick taxi and drop a taxi public relations department, but have been denied the answer.

However, the source said, drop a taxi and quick taxi two sides share distribution between 45% and 55% choice, in addition to Tencent and Ali drops and fast the rest of the shareholders also agree on the merger matters, the specific control of the investment sector will continue to pay attention. The merger may be the result of the two sides ' failure to burn money in the taxi market and not benefit each other's long-term development.

Let's review the situation of the capital market of a drop-by-taxi and a quick taxi.

Drop a taxi to get 4 rounds of investment, the total amount of more than 800 million dollars, behind the king is Tencent, payment interface is micro-letter payment.

The following are the details of the financing of the drop-by-taxi:

September 1, 2012, the 2 million dollar a-round investment in the Jinsha River Venture Investment

April 25, 2013, Tencent won the second round of investment in the mutual benefit Fund

January 2, 2014, won the Citic Industrial fund and Tencent industry to win the investment of 100 million U.S. dollar C-round investment

December 11, 2014, won the 700 million dollar D-round investment of CIC, Temasek and Tencent industry

Quick taxi to get 5 rounds of investment, the total amount of nearly 800 million U.S. dollars, behind the gold master is Alibaba, payment interface is Alipay.

The following is a quick taxi to obtain financing details:

December 1, 2012, angel investor Li Zhi 160,000 dollars angel Round investment

April 10, 2013, by Ali Capital, Jingwei venture investment 10 million U.S. dollars a round

April 1, 2014, Ali Capital, Jingwei China, a hi-car rental 100 million dollar B-round investment

April 15, 2014, won the Tiger fund, Ali capital of 80 million U.S. dollars C round investment

January 16, 2015, Alibaba, SoftBank China, Tiger Fund 600 million dollar D-round investment

In terms of access to capital investment, drop a taxi better.

Next, we will look at the market share of the two sides of the specific situation.

According to the latest data show that as of September 2014, the Chinese taxi app cumulative account size of 154 million, in China taxi app market Quick taxi, drop a taxi accounted for the proportion of 54.4%, 44.9%. As of the third quarter, the drop-by-taxi coverage of 300 cities, quick taxi coverage of 358 cities.

According to the data provided by a taxi, so far registered users over billion, registered drivers more than million, covering 300 cities, daily peak orders broken 5.2 million single, drop car business covers Beijing, Shanghai, Guangzhou, Shenzhen and other 16 first-line cities, day orders broken 150,000.

The other side quickly provided data that, since entering the Hong Kong market in October 2013, fast taxi in Hong Kong occupies more than 30% of the market share, far more than Uber and other competitors.

In the market share, quick taxi above.

In addition in the taxi market, there is a taxi software originator Uber together Baidu also in the Chinese market, the Shenzhou rental car also officially launched a limousine service, these companies to join or will be a taxi software market in the future pattern of the division presents different variables.

From the Airborne management team staff level.

Drop a taxi, in July 2014 introduced from Goldman Sachs to drop a taxi as COO Liu, and on February 4, 2015 to be president, responsible for the company's overall day-to-day operations. Liu's other identity is the Chinese "it godfather" Liu's daughter. Liu, who worked for 12 years at Goldman Sachs, is the youngest managing director in the history of Goldman Sachs. From this move, drop a taxi to introduce from the capital market experienced Liu, perhaps already began to plan and quick merger related matters.

Quick Taxi, on January 4, 2015, the introduction of the original Alibaba Group vice president of the Tao ran, and as a senior vice president, responsible for marketing, public communication and business cooperation and other work. Ran in 2004 joined Alibaba PR, and served as the public and Customer communications manager, director, Vice President, all the way up, before he has served the Chiao-Tai, China Entrepreneur Magazine and Tom Online and other institutions.

Both sides have advantages.

Through the above three aspects of analysis, drop a taxi and quick taxi advantage is not the same, so the specific allocation of equity will become a fierce contention between the two, but according to the source said the latest will be in the Spring Festival before the specific proportion of the final share of the agreement.

If, drip with fast smooth merge next taxi app market How to develop? The investment community gives the following three guesses:

The first guess, drop fast merger, the current drop of a taxi coo Liu is behind the scenes, and can draw on the father of Liu's capital relations, integration Lenovo's Shenzhou car rental, and then monopolize the entire car rental industry.

Citing the financial weekly report, Liu at Goldman Sachs began to pay attention to the taxi software industry and found its commercial value. At Goldman Sachs in 2011, Liu invested 32 million dollars in Uber, which operated only 18 months. The 2012 "o2o+ Car Network" mode of dropping a taxi to attract Goldman Sachs attention. At that time, Uber was valued at $17 billion trillion. During Goldman Sachs, Liu had repeatedly contacted Cheng Wei to expect investment drops, but failed to meet the investment amount. In June 2014, Liu once again missed dropping a cab investment and decided to add drops and serve as COO. After joining, December 11, 2014, the drip introduced Temasek, DST, Tencent Industry win the fund investment of 700 million U.S. dollars in financing. Temasek and DST were the Liu investment companies that had worked together during Goldman Sachs.

Review Liu in the car rental industry in addition to own Uber, drop a taxi and now is actively contributing to the drop of a taxi and quick taxi combined capital advantage strength, Liu can also use behind the father Liu's capital relations, integration Lenovo's Shenzhou car rental, and then integrate and monopoly car rental industry.

The second guess is that the taxi industry is the people's livelihood, for the government, the taxi industry can solve a large number of employment problems for the community. In addition, the car rental market is the most potential market, if integrated, and then by the government "amnesty", of which the capital benefits can be imagined, even in advance to control the most potential car networking market.

The third guess, for the capital side, the United States has Uber listed, drop a taxi if listed, and then merged into a quick taxi, can do high market valuations, so that both sides of the relevant investors can be a higher valuation set off the field, eventually into a capital winner.