Yiu Jingbo: 58 The city will be aggressive into the new market

Absrtact: In the conference call after the second quarter of this year, 58 of the same city CEO Yiu Jingbo said the company's next most important development strategy is to increase investment in innovation and the market. Thought the fight was over, but actually this market just

In the conference call after the second quarter of this year, 58 of the same city CEO Yiu Jingbo said the company's next most important development strategy is to increase investment in innovation and the market.

"I thought the fight was over, but actually the market is just beginning," he said. "In the media interview with Tencent Technology, Yiu Jingbo explained that the localization of life services, especially on the mobile phone is a new market, in addition to access to new users, in the service mode and breadth also has a new space, 58 must seize this opportunity."

"58 of the city will continue to maintain a radical investment, and may even become a loss of enterprises, 58 will not because of the listing on the hands and feet, and will not care too much about short-term price fluctuations." "Yiu Jingbo said that 58 board members do not have the pressure to put the current, market input is expected to return to the current market with the degree of heat match."

58 The future development direction of the city is roughly two latitude, on the one hand, the successful experience of the past, 58 is from tens of thousands of sites to kill out, a little cumulative advantages and barriers, advertising how to vote, how to promote the market, the user how to do, will continue to improve the original way.

On the other hand, working with Tencent opened up another new space for 58, for and Tencent to reach the capital level of strategic cooperation, Yiu Jingbo revealed three points, first of all, the introduction of social relations products, to enhance the trust of the city 58 and the smooth degree of communication; the second is to allow Tencent a large number of online users to contact a large number of online merchants And the third is to replenish their own financial strength.

In addition to gaining access to Tencent's diversion portal, the 58 more important goal is to introduce social relationships and communication to improve the user's creditworthiness, experience and loyalty. In Yiu Jingbo's view, this and Tencent's cooperation is not the same way, the characteristics of the electric quotient is searched through search, is the central distribution of traffic, and 58 of the city's approach is to center, each information dispersed to countless portals, dispersed into the user's social system.

At present, the operation of Tencent's products, mobile apps and browsers is the most important three working directions within 58.

Overall, Yiu Jingbo said that 58 of the city will adhere to the platform positioning, in the vertical category will be through investment and mergers to improve the layout, in real estate, recruitment, second-hand cars and other areas of the goal is more than vertical sites, Yiu Jingbo said 58 for China's first major recruitment site will not be too long.

By 58 City Senior Vice President Xiaohua is responsible for the investment business, involving real estate, recruitment, automotive, decoration, car washing, nail, home economics, Express and other areas of entrepreneurial projects.

For some of the emerging community O2O companies on the impact of classified information sites, Xiaohua said that the community-type products are essentially in the grab entrance, with 58 of the city is not only a competition is also cooperation, if these communities can be bigger, and 58 cooperation to be divided.

58 The new financial division of the same city is responsible by He Song and has maintained an independent financial budget. 58 of the Internet financial business mainly includes three aspects, the first is to do financial shopping guide platform, financial products aggregation; the second is to combine 58 with the city's customers, partners for the user customized financial products, the third is based on 58 of the same city trading scene to provide users with loans and other business. However, in the short term, 58 will not be involved in peer-to-peer business.