Wang: The local life service is very promising, I won't do anything else.

Absrtact: Wang, founder and CEO of the United States network, was asked about the next step in the direction of entrepreneurship, the IT industry, the famous serial entrepreneur said, the United States network may be his last venture, local life services, I will not do anything else, Wang said. American Group Net

Wang, founder and CEO of the United States network, was asked about the next step in the direction of entrepreneurship, the IT industry, a well-known serial entrepreneur, said the United States network may be his last venture, "local life services are promising, I will not do anything else," Wang said.

Wang, founder and CEO of American Group Network

As Wang said, the local life service market does have a vast space. It mainly includes five major vertical areas: catering, hotels, movies, KTV, wedding.

According to relevant data, 2014 hotel market size will be more than 300 billion yuan, catering industry will be more than 3 trillion yuan, KTV market scale of more than hundreds of billions of dollars, film market scale of nearly 30 billion yuan, wedding market also has more than 800 billion yuan scale.

Wang said: "In the United States, the estimated more than 40 billion yuan turnover this year, in the local life service market accounted for only about 1%." At present, the country has 1.3 billion people, the United States Regiment only 100 million people, the U.S. regiment now in the country two hundred or three hundred cities have five hundred thousand or six hundred thousand cooperative merchants, this is the total number of merchants in the country 1/10, from these several dimensions, our work has just begun. ”

The Internet industry has a general consensus that the Internet can be dismantled into "people, goods, information, services" four elements, each element connection point is the opportunity of the Giants. Which Baidu connect people and information, the entire search engine market size of 50 billion yuan, Ali connecting people and goods, online shopping market scale reached 2 trillion yuan, Tencent connected people and people, SNS and IM market scale of more than tens of billions of dollars, while the United States group connected people and merchants, local life service Market size reached more than 4 trillion yuan, is the largest market.

2010, the United States Regiment was founded at the beginning, to buy as the starting point, after more than a year, become the boss of the field of group buying. In order to achieve greater development space, the United States and the network horizontal development, in-depth infiltration of films, hotels, takeout and other vertical areas, to create a connecting person and merchants of local life service platform. In June this year, the United States network turnover exceeded 3.1 billion yuan, the 2014 annual turnover is expected to reach 45 billion yuan. What is more commendable is that the United States network currently has 90 million active mobile users, mobile applications for the platform to contribute more than 70% of the transaction volume. At present, the United States Group Network has become the country's largest movie ticket distributors and the biggest hotel group purchase distributor.

The United States group's largest domestic movie ticket online distribution platform Cat's Eye movie active users breakthrough tens of thousands of cooperative cinemas. Last year's annual sales of more than 1.5 billion yuan, June this year, a single month turnover exceeded 500 million yuan, now, every 6 tickets sold in the country have a movie from the cat's eye. This year's Hollywood blockbuster "Godzilla" and "Transformers 4" release three days, Cat's eye film has contributed about 30% of the market share, the number of votes is more than 40%.