Zhihui Comprehensive Huxiu Network,Sina Technology, 188bet login Economic Net, and Beijing News reported the news.

Message from the afternoon of April 7，At the Credit Suisse Asia Investor Summit 2016，188bet login Chuxing Vice President of Strategy Zhu Jingshi revealed，188bet login Chuxing’s new round of financing is about to be completed。Zhu Jingshicheng，The company’s latest valuation far exceeds previous rumors from various channels。

According to media reports，Industry insiders have revealed that 188bet login’s current round of financing was quietly launched before the Spring Festival of the Year of the Monkey。According to foreign media reports，188bet login has raised its financing target to more than US.5 billion，Calculated based on financing transactions，The capital market values ​​188bet login at well over 20 billion US dollars。Foreign media said，188bet login after the completion of this round of financing，The latest valuation will be around US billion，Ali、Tencent continues to participate in 188bet login’s financing。It was previously reported that 188bet login has raised at least US billion in a new round of financing。188bet login company officials declined to comment。Cheng Wei, founder and CEO of 188bet login Chuxing, also responded previously that although there is no official news to announce，But 188bet login is still continuing to raise funds。

Nearly 300 of the 400 cities have made profits

For the profit issues that concern the outside world，Zhu Jingshi revealed，188bet login is now closer to profitability than ever，Nearly 300 of the 400 cities are currently profitable。In Zhu Jingshi’s opinion，In the Internet travel industry，188bet login will become the only e-commerce platform like Taobao，Become the only winner in the travel field。

At the "Summer Davos Forum" in September 2015，Cheng Wei, CEO of 188bet login Chuxing, officially confirmed the completion of the company’s US billion Series F financing，Only half a year later，Now 188bet login has started a new round of financing。　　

March this year，Cheng Wei attended the Boao Forum and was interviewed by the media，188bet login currently has no clear timetable for listing。He said，Our investors invested in 188bet login，It’s more because of the recognition of 188bet login’s future model。　

China Internet Network Information Center (CNNIC) released the "Special Report on Private Car Market Development Research" showing，As of June 2015, 188bet login’s private car (including express) market share was 87.2%。Introduction to the relevant person in charge of 188bet login，188bet login covers more than 2 users.500 million，More than 14 million drivers，Daily orders exceed 10 million。

Data display，Currently，There are two modes in the Internet travel field，One is the asset-heavy model represented by China，One is the sharing economic model represented by 188bet login。

It’s worth noting，Not long ago, there was news that Alibaba invested in the private car B2C model to represent 188bet login。Despite Alibaba’s denial、188bet login declined to comment，But according to Tencent Technology, 188bet login has indeed discussed investment matters with Alibaba，But now the matter has been put on hold。Later, China announced that it had obtained a 20 billion yuan credit line from Guangda Financial Leasing，Used to support the expansion of the Shenzhou private car fleet。

Uber，Founder and CEO Travis Kalanick told the media in January 188bet login year，Uber China has completed Series B financing，Including HNA Group、CITIC Securities、China Taiping、China Life、Chinese companies such as Baidu，But the amount of financing was not disclosed。Their financing journey has also gone through many twists and turns，It is said that 188bet login round of financing has been launched as early as June 2015，Planning to raise US billion，The quota has since been expanded to US.5 billion。

188bet login Chuxing is about to complete a new round of financing，It will undoubtedly cause waves in the travel market again。

Pay close attention to driverless driving

Zhu Jingshi also talked about the most popular driverless technology at the moment，He said，Autonomous driving is an exciting future，But it will take a long time for driverless driving to replace intelligently assisted human driving。“In addition to technical factors，Cost structures in different economies、Infrastructure conditions will also be a determining factor，For example, labor costs in China are still far lower than those in the United States。Therefore 188bet login is committed to using artificial intelligence to revolutionize the world of human driving。”

Zhu Jingshi said 188bet login hopes to achieve this goal through artificial intelligence networks driven by big data and deep learning。

This reminds me of，End of March this year，Cheng Wei also talked about driverless cars at the Boao Forum，He thinks，Next 5 to 10 years，Smart cars and driverless driving are opportunities。For the development of driverless cars，Cheng Wei thinks，“The change in the way we use cars represented by 188bet login today is only the second revolution in the entire automobile industry，Change urban transportation from the current 1.0 to the future 2.0 Such a big wave of development，Changes in the way you use your car today，This is just the first small wave in this big wave。Soon，The second wave is smart cars，The third wave is driverless，They will change the way we travel more profoundly，Changing the transportation of the entire city。”

After half a year，Why 188bet login is eager to raise funds again？According to analysis by Huxiu.com，188bet login’s new round of financing should not be a cash crunch，More likely to reserve funds for a new round of war and business development。

Why 188bet login needs to stock up on food in advance

1. 188bet login year, the private car market is bound to be another tough battle

When merging with Kuaidi in February last year，Cheng Wei may not have thought of it，The private car market that was originally expected to be unified will have so many problems 188bet login year。Whether it’s Uber from outsiders，Still tepid Shenzhou Special Car，Yidao Yongche, who was even beaten to the point of dying，All have become uncertain factors in 188bet login market。

Uber is ready for a protracted war in the Chinese market。Uber invested US billion in the Chinese market last year，188bet login year’s investment plan is the same as last year。Kalanick knows very well，If Uber is the first to cancel subsidies，The equivalent of raising the white flag in 188bet login game，He said: “In order to attract users，Uber must expand to new cities，And subsidize users，188bet login will require a lot of funds。”Uber has entered 22 cities in China in the past two years，Business scope starts from Beijing, Shanghai, Guangzhou and Shenzhen to 2、Development of third-tier cities，They hope to cover 100 cities in 2016。In a recent interview with Reuters，Kalanick even said，We will use the money earned from all over the world to burn the Chinese market。

“I thought the competition between 188bet login and Kuaidi was the finals，After the merger, we can build a good home，I didn’t expect it was just the Asian group stage。”Cheng Wei speaking at Summer Davos，How to describe the competition with Uber。

Ruoshuo，The fierce battle with Uber has been anticipated before。Then Shenzhou Special Car and Yidao are unexpected things。

Not long ago, there was news that Alibaba invested in the private car B2C model to represent China Private Car，Alibaba reached a 3 billion yuan strategic investment agreement with China’s private car operator “Uche”。According to Huxiu’s knowledge，The transaction does exist，But it was put on hold。Huxiu had previously speculated that Alibaba was also an investor in 188bet login，188bet login Kuaishou can introduce a "non-compete clause" to prevent this investment。

But the man is in love and the concubine is interested，If Ali foresees that he cannot overcome relevant legal obstacles，I will not discuss investment with China Special Car。So，Ali can definitely handle legal issues，We will not let the "non-compete clause" become a stumbling block to investing in 188bet login。

In addition，Yidao Yongche, which is included in the LeTV ecosystem，It’s also been fierce recently，Introducing the activity of recharging one thousand and getting one thousand back。

In comparison，188bet login’s battle this year will be even more difficult。188bet login’s opponents in 2014 were fast，Last year it was Uber，And this year there are 3，And no matter which company it is, it currently has backing support，Difficult to capture，Therefore the need for reserve funds。

2. Reserve funds and develop new business

According to a financing document from 188bet login，188bet login expects the company to achieve profitability in 2016，Profit forecast is 5.USD 400 million，Profit in 2017 and 2018 will reach 10 respectively.0 million and 15.USD 100 million。The profit pressure is evident。

188bet login currently covers taxis、Bus、Hitchhiking、Express、Special car、7 services for driving and test driving。In addition to deepening the business model of mature businesses，188bet login is expanding into new businesses，Exploring new revenue models。

Huxiu learned，Currently 188bet login is trying to expand a new business line - P2P car rental。The advantages are also obvious，There are idle vehicles with individual owners on the platform，There are many C-end users，It is logically feasible to develop the car rental business following the trend。In business，188bet login can also draw commission。

Also，In order to seize the advantage in technology and to tell stories to capital，188bet login is investing in research and development of artificial intelligence technology。In today’s conference，Zhu Jingshi’s attitude seems to confirm this。He said，Autonomous driving is an exciting future，188bet login is also paying close attention。“In addition to technical factors，Cost structures in different economies、Infrastructure conditions will also be a determining factor，For example, labor costs in China are still far lower than those in the United States。Therefore 188bet login is committed to using artificial intelligence to revolutionize the world of human driving。”

With new businesses and new technologies, 188bet login is bound to stock up on food in advance.