Where to go with the big data. Financial Lock Travel Insurance

After Tencent, Baidu and other Internet companies, the Internet financial Camp added another member. Yesterday (November 20), where to Go (NASDAQ:QUNR) announced that the insurance brokerage business licence has been obtained.

Where are you going? NET CEO Zhungchengsu yesterday told the Daily Economic news reporter that after the formal license, will begin to explore tourism-related financial business, is currently developing based on large data insurance products.

At the same time, just completed the IPO to where the net released the third quarter as of September 30, 2013 earnings. Earnings show where to go net the third quarter total revenue of 241.1 million yuan (about 39.4 million U.S. dollars), an increase of 57.5%. It's worth noting where to go. Third-quarter losses increased year-on-year, where to go net shareholders net loss of 48.8 million yuan (about 8 million U.S. dollars), the same period last year was a net loss of 8.4 million yuan.

Connect background data research and development travel insurance

"Daily economic news," the official website of the CIRC found that the CIRC has approved where to set up Shenzhen Zhongcheng Thai Insurance Brokerage CO., Ltd., registered capital of 50 million yuan. According to the reporter understands, this is the Internet Enterprise's second insurance licence.

September 29 This year, Ali, Tencent, Ping An, Ctrip and other well-known domestic enterprises to launch the establishment of the public-Ann online Property Insurance Co., Ltd. (hereinafter referred to as the Public Security insurance), the Public Security Insurance Regulatory Commission approved the license, registered capital of 1 billion yuan.

After we have a licence, we can integrate with our own resources to apply for some new insurance products. "Zhungchengsu told the Daily Economic news," Where to go in the past only to sell insurance products (ie, insurance sales channels), and get the insurance license, where to go to develop insurance products.

Zhungchengsu stressed that although where to go the insurance license can be engaged in a variety of risks, but will lock and travel-related insurance products. In Zhungchengsu's opinion, where to go in the mobile phone client and PC end has a lot of consumption data, where to want to use this data, please third-party insurance companies to design rely on tourism and large data personalized insurance.

According to the company insiders revealed that the future where the insurance products will not underwriting, still take and other insurance companies to cooperate with the way, but where to control the product policy and sales patterns.

The advantage, ZHUNGCHENGSU, is that there are a number of cases in the past that have worked with insurance companies, and that there are individual behavioral data, product pricing and risk assessments that can be more accurate.

This also means that where the insurance products will be through the background data, through the personal use of travel products records to calculate the user needs of the insurance and premiums.

Where to go insiders said, is currently intensifying research and development related products, is expected to be released soon.

Internal hatching multiple business

The company reported yesterday that the third quarter of this year, to where net revenue of 241.1 million yuan (about 39.4 million U.S. dollars), an increase of 57.5% per cent, net loss of 48.8 million yuan (about 8 million U.S. dollars), the losses widened. Fourth-quarter revenue is expected to increase year-on-year in the 60%~65% range.

It has been widely questioned where the future of the SaaS system is still unclear, which will restrict where to go to the next profit forecasts, and where the market went to the state where the loss has intensified, the mobile end still failed to find the right profit model.

In yesterday's earnings conference call, Zhungchengsu said where to go in the next few quarters will continue to focus on promoting hotel business growth. It is revealed that only in the past two quarters, where to go has signed more than 40,000 hotels, and on the SaaS system online. As of the third quarter, a total of more than 70,000 hotels were running on SaaS systems in the hospitality sector. Third-quarter wireless search volume accounted for the total search volume of 53%, wireless transactions accounted for 31%, wireless revenue accounted for 33%.

"If from a trading point of view, our liquidity is not weaker than the PC side, but also a strong point, where to go from the PC to the wireless transfer process is not a challenge." "Zhungchengsu said.

On the other hand, where to go before the disclosure and Baidu reached "intimate search" cooperation agreement: Baidu agreed to grant to go where on the PC side Baidu "intimate search" tourism products and tourism category of the exclusive operation of the Middle page, the exclusive right to operate the rights of air tickets, hotels and commercial holiday products. This also means, where to go exclusive with the Baidu platform for vertical travel business operation rights.

For "Intimate Search" progress, Zhungchengsu said, the product is still in the small-scale testing stage, not yet on line, the specific display way can refer to Google Flights (googleflights), Google Finance (googlefinance) and other products in Google search results page display way, Baidu "intimate Search "It's a very similar form of showing where to go."

The daily economic news reporter noted that the company's third-quarter results showed where to go in addition to a lot of spending on air tickets, the three-quarter growth in expenditure, a large amount of money to the new business.

In this respect, Zhungchengsu says, where to start hatching some of the projects, including the holiday business, ticket business, based on community collection of classic photo streaming and short rental business. "We have a lot of money and do not rule out investment cooperation in late-stage projects, including tourism-type items," he said. "(Xiaixiaoping)

(Responsible editor: The good of the Legacy)