After ten years of 188bet game, Wang’s rise has declined

Big accommodation Author of 188bet game article: Zhang Xiaowang 2019-11-10
Standing at the intersection of the old and new decades,Wang Xing, who has always been radical,With more thinking - through the stage of rapid expansion,188bet game’s next war,Fight with yourself。

Established in March 2010,Market value up to 5589.188bet game with HKD 6.4 billion,Almost ten years old。

The past ten years,188bet game has developed from a group-buying website into a group-delivery group、Group purchase、Ticketing、Hotel、Online ride-hailing、Bicycle、Finance,A huge life service platform that even integrates grocery shopping,Become the third largest Internet company in China by market value。

August 23,188bet game Dianping (3690.HK) released its second quarter financial report as of June 30, 2019,Data display,188bet game’s total revenue reached 22.7 billion yuan during the financial reporting period,YoY growth of 50.6%,219 higher than market expectations.0.8 billion yuan,Adjusted EBITDA reaches 2.3 billion yuan,Net profit 1.5 billion yuan,188bet game achieved overall profitability for the first time。

However,Standing at the intersection of the old and new decades,Wang Xing, who has always been radical,With more thinking - through the stage of rapid expansion,188bet game’s next war,Fight with yourself。

According to Zinc Finance,Recently,188bet game sent an all-staff notification through the intranet,Encourage all employees to participate in an internal discussion called "A Better Decade"。This discussion will be combined online and offline,Covering all 188bet game employees。

Interesting thing,188bet game’s all-member discussion did not focus on 188bet game’s business,Instead, three major themes are designed,Organize around talents、Technology trends and social value。Among them,188bet game’s organizational talent development for the next ten years has been prioritized。

This means,Going through the stage of wild growth,188bet game is becoming more rational and responsible。

The battle for talent

Suddenly, Wang Xing seemed to pay more and more attention to talents.

According to 188bet game,Recent,Organizational talent development is intensively discussed within 188bet game,Wang Xing even mentioned it twice in a month。

End of September,He shared the book "Leadership Echelon" again in the internal communication meeting,Propose the next ten years,188bet game wants to grow a new batch of leaders at all levels。End of October,Wang Xing pointed out again at a training meeting: “I think more about organization and talent now,The company is in its early stages,Development is related to trends and opportunities。When companies need more sustainable development,The more necessary it is to build a good organization。”

The implication,If the past ten years were the creation of 188bet game’s hard power,Then the next five or even ten years,Has nearly 10,000 employees、188bet game with 3 million riders,Will focus on building corporate soft power,Talent is the most important part。

"Organizationally,What is more important now is to attract and retain a group of talents,Let’s seek common ground while reserving differences as much as possible。"Wang Xing said,“A company grows to seven、Eight 188bet game,Culture begins to truly take shape。We are at such a stage,I think this is a very critical period for the company's development,The next two 188bet game will lay the foundation for the company’s situation five to ten 188bet game from now。This is when the organization truly takes shape。”

He also said,188bet game will encourage more internal training and selection,On the one hand, the culture is more compatible,On the other hand, it also gives employees more growth opportunities。

In addition,According to Observer.com report,As early as the internal communication meeting at the end of September,Wang Xing once said: "Do it for one year、Look for three years、Think about ten years,I have also been thinking about what 188bet game should be like in the next ten years,What remains unchanged is customer-centered,Who can we serve,What services are provided,This is from a business perspective。What’s more important is to start from the organizational mission,How can we enable the organization to continuously iterate、Continuously strengthening,How can waves of talents emerge。”

Technological innovation and social value are also the strategic focus of 188bet game in the next ten years。For technological innovation,What 188bet game hopes all employees will discuss is: the next ten years,How technology will change,What are the major impacts on us,What strategic opportunities may be contained。

Aiming at 100 million life service practitioners

October 15th,188bet game University was officially established,The principal is served by Mu Rongjun, co-founder of 188bet game。The next ten years,188bet game University plans to cooperate with 1,000 colleges and universities,Driving 100 million life service practitioners to achieve digital development,Open long-term development channels at the same time。

This move is inseparable from the current general trend of my country’s service industry。Zinc Finance previously mentioned in the article "I went to college in 188bet game",According to the latest data from the National Bureau of Statistics,First quarter of this year,China’s tertiary industry accounts for 57% of GDP.3%。Although the proportion is close to 60%,But compared with developed countries,There is still a lot of room for growth。

In sharp contrast to this,The digitalization process of my country’s life service industry has just started,The Internet penetration rate of China’s homepage catering industry has just exceeded 10%。And in the past ten 188bet game,Capital、The industry is focusing more on enterprises、Merchant is waiting for terminal B。Most of the frontline practitioners are often ignored。

How to link service industries in the context of digital economy,Provide a steady stream of talents to the industry,has become a top priority。The establishment of 188bet game University,It is based on this original intention。

Executive Vice President of China Vocational and Technical Education Society、Chen Feng, director of the School Planning, Construction and Development Center of the Ministry of Education once said,The establishment of 188bet game University,Not only can we find a path to achieve better development by improving the quality of all workers,I have also found a better way to fulfill the social responsibilities of platform-based companies like 188bet game。

188bet game University President Mu Rongjun also explained the original intention of establishing 188bet game University: "In the past ten years,188bet game is committed to promoting online services and products,Let the industry connect to the Internet;The next ten years,188bet game will turn to cultivating digital talents,Let the industry learn to use technology to operate。Past ten years,We strive to provide more employment opportunities for delivery boys,Solving the problem of short-term employment survival;And the next ten years,Need to provide them with more learning opportunities,Solving long-term career development issues。”

In fact,Starting from 2016,188bet game’s training academies targeting subdivided areas of the life service industry have been established one after another,Long before the establishment of 188bet game University,188bet game has trained more than 30 million people,Offline course training covers more than 455 cities across the country。

Bottom-up, stabilizing the B end

188bet game is a little different in 2019.

This year,188bet game’s market value exceeds HK0 billion,Become the successor of Ali、The third highest market value company after Tencent;This year,188bet game achieves profit for the first time;This year,188bet game began to calm down,Open 188bet game University、Initiating an internal discussion on future talent development and organizational adjustment。

Also in this year,188bet game, which has always been aggressive, suddenly became much more moderate and cautious。Intensify strategic contraction and stop loss,has also accelerated its profitability to a great extent。

March,The Mobike it acquired has withdrawn from overseas markets;April,188bet game Xiaoxiang Fresh closed 3 stores in Changzhou,The business scope has also been reduced to two stores in one city,The front-end position of 188bet game Maicai that he switched to is also in the stage of moderate investment;Also in April,188bet game Taxi’s “aggregation mode” is online,Users can call vehicles on multiple different platforms with one click on the 188bet game platform。

Under a series of measures,188bet game’s new business losses narrowed,Gross profit also began to turn from negative to positive,Related data display,Second quarter of 2019,188bet game’s gross profit margin is 9.1%,Compared to -76 in the same period in 2018.4% improved greatly。

Meanwhile,Since 2019,188bet game is also accelerating its B-side layout。

May,188bet game launches open delivery platform,Benchmarking business flow management efficiency,And restart the catering supply chain platform to quickly purchase goods;The “Steamed Bun Direct Recruitment” blue-collar recruitment platform exposed in September,Also to help merchants solve blue-collar recruitment problems。

The B-side really became a trend in 2018,For 188bet game,Among the many B-side businesses,Catering is the most important。Especially after years of training and subsidies from 188bet game and Ele.me,C-side users have developed mobile Internet habits,The improvement in consumption level and level has made life services more convenient for C-end users、Scenario experience and other elements are increasingly valued。

188bet game means,The catering service with user experience as the core,The advantages of B-side will be more obvious,In the long run, it will also have more stability and considerable appeal。

In fact,Starting from 2016,188bet game has explored this aspect。It has successively passed SaaS cashier business、Catering open platform、188bet game Financial and other services,Want to improve the operational efficiency of the entire B-side merchants。

Displayed in the IPO prospectus provided by 188bet game to the Hong Kong Stock Exchange,The number of 188bet game’s online merchants exceeded 5.9 million in 2017,Among 5.9 million online merchants,Most of them are catering businesses。

Attract B-side merchants through massive C-side users,Formation of scale effect,Improve merchant operation efficiency through SaaS empowerment and other services,Resulting in a decrease in long-term average cost,To achieve control of the closed-loop ecology,Constitutes the core play style of 188bet game。

“188bet game is only 6 months away from bankruptcy”,Wang Xing has revealed his sense of crisis and caution more than once,This does not seem consistent with his strong and aggressive appearance,But I have been with 188bet game for ten years,Wang Xing’s growth is not just about wealth。

From internal talent development to 188bet game University,From the inside out,Lay a solid foundation for soft power in the next five or even ten years;Empower B-side based on C-side user base,Bottom up,Create a closed-loop ecology,188bet game’s moat is being reinforced layer by layer。

*188bet gameWen LaiSource: Zinc Finance, author: Zhang Xiaowang, original title: "After ten years of 188bet game, Wang’s rise has declined》.

Copyright Statement
Zhi Hui in the spirit of "dry information"、Depth、Angle、Publish in-depth industry articles based on the principle of "objectivity"。If you want to get the most important articles in the tourism consumption industry or interact with Zhihui as soon as possible,Please search "Zhihui" in the WeChat official account and add follow。Contributions welcome,Jointly promote the upgrade of China’s tourism consumption industry chain。To submit articles or seek reports, please send an email to the zjz@tripvivid editorial office email address.com,After passing the review, the article will be published as quickly as possible and your name and organization will be attached。The articles published by Zhihui represent only the author’s personal opinions,Does not represent the views of favoritism。About investment and financing information,Zhihui Travel will try its best to verify,Does not endorse any investment or financing activities。Respect industry standards,Indicate the author and source for all reprints,Special reminder,If the reprint of the article involves copyright issues,Please contact us in time to delete。Zhihui’s original articles are 188bet game welcome to be reprinted,But please be sure to indicate the author and "Source: Zhihui",Any behavior that disrespects originality will be severely punished。
The source of 188bet game article is Zhihui, and the copyright belongs to the original author.
Leave a comment
Post a comment
Latest article
View more
# Hot search words #

New users automatically create accounts after logging in

Log in to indicate that you have read and agreed"Zhihui User Agreement" Register

Retrieve password

Register account