188bet best bookmaker net loss in the third quarter was RMB 14.USD 600 million,Shared travel encounters profit bottleneck

Big Traffic Author of this article: 188bet best bookmaker 2017-11-30
188bet best bookmaker net loss in the third quarter of this year was 14.USD 600 million,Last quarter the number was 10.USD 600 million。

SoftBank’s investment in 188bet best bookmaker has made further moves。The evening of November 28th,SoftBank Group provides details of its stock purchase offer to existing 188bet best bookmaker shareholders,The acquisition price is a discount of approximately 32% to the valuation obtained by 188bet best bookmaker in its latest round of financing,188bet best bookmaker was valued at .5 billion in its latest funding round。

At the same time,This document also disclosed unaudited financial information。188bet best bookmaker net loss in the third quarter of this year was 14.USD 600 million,Last quarter the number was 10.USD 600 million。Revenue increased from 16% in the previous quarter.USD 500 million increased to 20.USD 100 million,Includes travel、Total revenue from food and delivery ride hailing is from 87.USD 400 million increased to 97.USD 100 million。But with huge losses,188bet best bookmaker profitability is still far away。

188bet best bookmaker has frequently fallen into negative territory in the past year。Previously,Co-founder of the company、Former CEO forced to resign under heavy pressure。Subsequently,The company covered up another incident of data theft by hackers,Leaking the personal data of 57 million customers and drivers。

Not only 188bet best bookmaker is in trouble,Didi Chuxing’s operations also encountered bottlenecks。AIMedia Consulting CEO Zhang Yi said in an interview with a reporter from 21st Century Business Herald,When the capital frenzy cools down,Whether the natural growth of an enterprise is healthy is the most important issue,The field of shared travel will also face laws、User experience、Government management and many other challenges。

Profit dilemma

188bet best bookmaker is one of the most highly valued unicorns in the world,The funds burned previously have reached 8 billion US dollars。But,Its hunger for funds remains unresolved。

Reportedly,The offer made by Japan’s SoftBank Group,Uber may be valued at only billion,A substantial discount of 30% from the company’s valuation of US billion during its last financing round。A consortium led by SoftBank plans to acquire at least 14% of Uber shares,Earned two seats on 188bet best bookmaker board of directors,The deal could be worth up to billion,US billion of which is direct investment,The remaining billion will be used to acquire existing Uber shares。

Currently,Remaining members of the acquisition consortium include SoftBank、Dragoneer Investment Group、TPG、Tencent and Sequoia Capital。The consortium seeks to acquire at least 13 of 188bet best bookmaker outstanding shares.4%,If the number of shares sold does not meet expectations,The investment consortium may increase the price or choose to withdraw。

But,Huge losses and data breaches may affect its valuation。Last week,188bet best bookmaker issued a statement admitting,Being hacked in 2016 and resulting in large-scale data leakage。Two hackers attacked 188bet best bookmaker through a third-party cloud service,Acquired 57 million user data,Include driver’s name and license number,User’s name、Email and mobile phone,New York prosecutors have intervened in the investigation。

August this year,SoftBank Group Chairman Masayoshi Son expressed interest in negotiating with Uber,Because the taxi-hailing business in the US market is huge,It is a very important market。However,The negotiations between the two parties continued for several months,Still not finalized。In the meantime,SoftBank also wanted to give up for a time,And said he might switch to 188bet best bookmaker biggest competitor, Lyft。

Recently,Lyft announces it has raised an additional 0 188bet best bookmaker in new funding round。As of now,Lyft’s total funding has exceeded .1 billion,New round of financing will increase its valuation to US.5 billion。

Fierce competition causes 188bet best bookmaker to face a double attack, 188bet best bookmaker CEO Dara Khosrowshahi publicly stated,Due to fierce competitive challenges from Lyft,At least the next 6 months,The company’s US business will continue to suffer losses。

Sharing becomes a false proposition?

To stop loss,Dara Khosrowshahi’s first fire after taking office,Just stopped 188bet best bookmaker car rental business,And focus on other countries and regions except North America。

But,188bet best bookmaker also faces competition from many local companies。After merger with 188bet best bookmaker China,Internationalization has become Didi’s clear strategy and direction。Didi Chuxing President Liu Qing said at the 2016 Global Technology Conference,Didi focuses on global layout,Internationalization is an important mission of Didi。Didi will expand to markets outside China,Capture global share。

Last two years,188bet best bookmaker has successively invested in Grabtaxi, the largest taxi-hailing software in Southeast Asia、Ola and Lyft, India’s largest taxi-hailing software service providers。April last year,188bet best bookmaker and Lyft completed the first phase of product integration,188bet best bookmaker users in the United States can call Lyft rides through "188bet best bookmaker Overseas"。As understood,This service covers nearly 200 cities in the United States。

However,21st Century Business Herald reporter recently discovered,Didi in Las Vegas、Cities such as San Francisco no longer provide ride-hailing services,Only self-driving car rental options are available。Surprisingly,Alibaba as an important shareholder of Didi,But it frequently cooperates with 188bet best bookmaker overseas,Alipay after identifying overseas IP,Proactively provide 188bet best bookmaker ride-hailing services to users。For Didi’s current development status in the US market,Relevant persons of the company did not disclose more when being interviewed by reporters。

The once-hot shared bicycle industry is also rapidly fading,More and more shared bicycle companies are falling from the "window"。188bet best bookmaker new round of bankruptcy of shared bicycles,The cool rider who once claimed to be third、Xiaolan has stopped operations one after another,More than 2 million bicycles turned into zombies,Over 1 billion funds were wasted。Burning money to create a sharing economy,There has been no major financing news for half a year。

Senior Internet industry observer Liu Xingliang told the 21st Century Business Herald reporter,A sharing economy platform that does not operate for profit,None of them are real sharing。“Whether it’s 188bet best bookmaker、Didi,Still sharing bikes,In fact, it is essentially a rental economy,The key point is that telling stories can easily gain high valuations and attention。True sharing mode,It is a huge test for the company’s operational capabilities,Purely relying on the support of capital,It is unsustainable。”

*Source of this article: 21st Century Economic Report, original title: "188bet best bookmaker net loss in the third quarter was RMB 14.USD 600 million, shared travel encounters profit bottleneck


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