Handle net Anhui team "mutiny" exposing the funds shortage faced by the handle

Group purchase site handle network Anhui team "mutiny", to join the competition of glutinous rice Network, was mistaken for the market for glutinous rice merger handle negotiations. As a handle investor, Zhu Yuhu, the partner of Jinsha Venture, will be pointing the finger at each other. Handle Nets Vice President Si Ying also clarified, "Never and glutinous rice net contact." Even if we buy them, we buy them.

In the case of general losses in the industry, not in the absolute market status of group buy site financing is hopeless, and will be further kicked out. In this context, both sides have released a message, do not rule out through investment and mergers and acquisitions to further expand the size of the group buying market.

Economic observer from the handle of Anhui large area was confirmed, early this month, handle Anhui large area leader Zhangbingbin to lead the team job-hopping glutinous rice. Zhang did bring the business to the past, but at the moment the handle has started hiring. "Handles Anhui big area personage expresses.

Handle funds shortage

Renren's first-quarter earnings report showed that glutinous rice net revenue of 5.1 million U.S. dollars, but operating expenses (sales wages, administrative costs, marketing, etc.) for 11.8 million U.S. dollars, net loss of 6.9 million U.S. dollars. More serious is the 8-quarter loss from the 2011 Q2 to the present.

The performance of the parent company Renren is also being dragged down. Net loss of Renren was 3.1 million dollars throughout the quarter. Renren CEO Chen (Weibo), said in a media interview, in the field of group buying, do not rule out some investment acquisitions.

Throughout the group buying network industry, the United States Regiment has been in the national layout of 108 cities, the public comments in the country opened more than 30 cities, followed by hand in the Anhui team, glutinous rice in the country's cities increased to more than 80.

But Huang, the research director of the product network, said the merger was not meaningful. Because in the group buying industry, group buying is the main city of the major cities, mergers and acquisitions do not bring substantial growth to the original business.

Previously, Group F and Gao Peng merged. "There is a 1+1<2 situation on both sides," Huang said. " ”

Handle the online line so far a total of 166 million U.S. dollars financing. In the last round of financing, the handle net was valued at $1.1 billion, while the overall value of the handle net was halved when the IPO application was submitted.

As of September 30, 2011, handle cash and cash equivalents remaining 641 million yuan. Today, there is little cash left on the handle net account.

An unnamed group buying company executive analysis, the group buying industry's gross margin is generally below 10%. Even if the handle one month sales of 300 million yuan, that revenue is 30 million, one year revenue 360 million. Group buying industry as a whole loss of the case, to this day, handle net funds do catch lining see elbow.

Last June 20, the handle net withdrew its IPO application to the U.S. Securities and Futures Commission (SEC). The handle is also followed by the founder of the withdrawal, the team to cut the situation. To cut costs, the handle began shutting down some sites nationwide.

Oligarchy game

Just as Zhu Yuhu was still indignant about being acquired, another thing that haunted him was happening.

According to the latest data of the Regiment 800, glutinous rice NET and handle net in March this year turnover is 267 million yuan and 245 million yuan respectively, ranked the industry fourth to fifth place respectively. "Sticky rice and handles are competing for the third position in the industry. "Huang said.

May 30, group buying industry leading American group network announced May sales exceeded 1 billion yuan. Last month, the United States Regiment just broke through 900 million. The group's target this year is 18.8 billion, up nearly 4 times times last year.

The US group is gradually introducing itself to the mobile end of its established advantages on the PC Internet side. It seems that all companies around localized living services are trying to replicate.

The mobile end is also the future key strategic development direction. U.S. CEO Wang estimates that the volume of transactions generated at the mobile end of this year could reach 50% of the total.

This strategy is also taking place in the public comment. As of the first quarter of 2013, the general public comments the total number of independent users of mobile clients has exceeded 64 million, and the browsing volume of mobile clients accounts for more than 70%.

Public comments CEO Zhang had received an interview with the Economic Observer, said the public comments 1 billion yuan valuation, there are 700 million gambling in the mobile, 300 million on the buy. As a public comment investor, Qiming Venture partner Gan Jianping that the public comment on the mobile end will be more attractive than the PC side.

The public comments on the four rounds of financing have just finished their 10 birthday. The internet "slow Company" always raises questions about when to start an IPO.

Gan Jianping to the reporter's answer is, in group buying and mobile end, the public comments have not finished fighting. Meaning, the public comments also continue to be in these two areas bigger, even to do first.

In the field of group buying, the United States and the public comments firmly grasp the position of the top two industry, but the undeniable fact is that from Alibaba, Baidu, Tencent internet giants layout and strategic investment in the group buying market is increasingly heavy erosion.

Xu, who is the fourth-round boss of today's capital, is very concerned about the business model of micro-credit at the merchant (b-side). She would like to know how the micro-letter on the B-side to do the charges, how quickly spread the market ...

As Xu worries, Tencent, Baidu, and Alibaba are rapidly expanding their domestic service classes. Tencent insiders said that the micro-letter in the Guangzhou Institute is in the micro-letter on the experiment of all possible commercialization of service products. "Even if these products are developed, they may be lost and will not be eventually launched." ”

After the recent 370 million dollar acquisition of PPS, Baidu seems to have found an investment inspiration in an instant, trying to hunt for everything that might be associated with its layout. Baidu Investment in charge of Tang in the acquisition of PPS, mobile and scale is Baidu's future investment focus direction.

In addition to investment in the United States, in the field of physical group buying, Alibaba more focus on the cost of the group to create a service platform for the purchase site. In the area of local life, Alibaba will start a new product in June. Alibaba gathers the good deal person Zhang Jianfeng to describe, will be the subversive product. and invest in the map of high Germany, Alibaba in the local Life service layout intention to further set.

At this point, in the group buying and the local life services around group purchase, oligopoly competition is intensifying. such as the United States group, handle the vertical group purchase site to try to expand in addition to the local life service. And Alibaba, Baidu, Tencent, the public comments and so on through the relevant products to infiltrate group buying or local life areas.