Udunder CEO talk about Ctrip shares

Absrtact: April 29 pm News, the latest update of the SEC show, the company Ctrip to 15 million U.S. dollars in the price of the bull, at the same time, Qihoo, Sequoia, etc. also become cornerstone investors, Udunder CEO yesterday issued internal Mail, said that this round of subscription means that everyone optimistic

April 29 pm News, the latest updated SEC show, Ctrip to 15 million U.S. dollars in the price of the bull, at the same time, Tiger, Sequoia, etc. also become cornerstone investors, Udunder CEO of the company yesterday issued an internal mail, said that this round of subscription means that we are optimistic about the development prospects of the cattle, the cattle will remain independent operation.

The following is the full text of the message:

Good cow.

I and Feng Feng are very happy to tell you that in our listing process, including DCM, Sequoia, Qihoo 360, Ctrip, such as the attention and participation of many investors, in the 120 million U.S. dollars around the scale of financing, Ctrip will subscribe to 15 million U.S. dollars, 9 of the company is a director from Ctrip.

I and Feng think:

1, online leisure tourism market space is huge, we have great potential for future growth. Last year, the entire leisure tourism market scale of nearly 400 billion, of which the online leisure tourism market scale of only 30 billion, the industry penetration rate is only 7.7%, we and Ctrip add up also accounted for a very small part.

2, we and Ctrip are significantly different. There are obvious differences in the business: we are online with the group first, Ctrip in the field of self-help tour is larger, we outbound-oriented, Ctrip more domestic; we open procurement, Ctrip mainly own production.

3, Ctrip this financial investment is optimistic about our development. Starting from 2006 to now more than seven years, we focus on online leisure tourism, regardless of how the external environment changes, always adhere to beginner unchanged, and constantly lead the online leisure tourism industry development, has been customers, investors and many industry colleagues, including Ctrip affirmation.

The company will remain independent, the entrepreneurial team will remain in control of the company, we continue to focus on online leisure travel, continue to follow the established strategy of rapid progress, and continuously upgrade services and products, to create more value for customers.

There will be a lot of sound, praise, affirmation, there will be criticism, questioning, the listing will be more, I hope that the bulls do not be disturbed by these voices. Because we know that these voices, sooner or later, will fade away, and our value is ultimately determined by the customer. So, let us like always, continue to focus on customers, continuous struggle, and constantly practice to make travel more simple mission, continue to world-class companies, tourism import vision forward, the future of the road cow will be better!