My Dad Is The Richest Man In The City

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The report comes with a ‘red herring’, which is Didi’s preliminary prospectus.

This prospectus itself is for people to see, but it has not been exposed yet, and not many people know about it.

Now that it is issued, everyone can also learn about the relevant situation of Didi Company.

The prospectus has more than fifty pages, of which the most critical core parts are the company's business, industry situation, revenue, scale, and shareholdings, which everyone is more concerned about.

It is all explained in this prospectus.

Didi is a one-stop travel platform covering taxis, express buses, private cars, ride-hailing, chauffeur services, buses, minibuses, car rentals and other services. It is also the world's largest online ride-hailing platform:

Didi controls 70% of the market in China and 60% of the market share in North America.

2017Q4 quarterly data shows that Didi has more than 700 million global users (traffic imported from WeChat and TT), more than 370 million drivers worldwide, handles as many as 12 million orders every day, and has a revenue of 14.3 billion softmei coins and a loss 2000000000!

By the first quarter of 2018, Didi had more than 800 million global users (traffic imported from WeChat and T), more than 50 million drivers around the world, and processed up to 20 million orders every day, with revenue reaching 18.9 billion and profit of 1.7 billion!

After canceling a large number of subsidies, Didi's revenue dropped significantly, but it also officially entered the profit stage.

In the entire taxi industry, China and North America have a market worth 100 billion US dollars. Didi Company occupies more than 60% of the two major markets. Didi Company has very good prospects and advantages;

Have a large and active user base;

Super intelligent user experience, both Didi drivers and users can experience an excellent user experience, greatly improving work efficiency and reducing wasted time;

Strong brand awareness and industry influence;

We have close cooperative relations with Umbrella Company, TT Group and Longteng Group;

In terms of shareholding, it can be regarded as the first exposure;

Umbrella Company holds 64% of Didi's shares, Longteng holds 10%, TT Group holds 10%, and Sequoia holds 10%; Weifeng Investment holds 2.5%; Datang Group holds 2.5%, and CEO Hong Le holds 0.42% of shares and 0.57% of other shares!

Among them, Hongle dispersed his original shares, but when the company officially went public, the company's shareholders would give him a part of the equity reward.

When a company goes public, it also issues 10%-20% of its shares, and executives of the umbrella parent company subscribe for a portion of the shares.

Because the parent company of the umbrella company controls Didi, there is nothing wrong with the company’s internal executives subscribing for a portion of the shares.

However, these shares must have been provided by the umbrella parent company itself.

How many shares will be issued in the IPO? How much money will be raised to develop the company? How many shares will each shareholder use to issue or cash out? What is the price of the stock issuance?

It is not disclosed!

If you want to set the price, you still need a road show, and then the price will be determined based on the subscription situation!

Didi’s market value is there, and its prospects are there too!

Although it is completely incomparable with Umbrella Technology, it is still a cake with a market of 100 billion US dollars. The rest depends on how much money Didi raises through listing and how to develop? Expand this cake!

In short, Didi’s stock issuance price will not be too low!

Everyone knows after seeing the ‘red herring’ that Didi is really going to go public.

As the CEO of Didi, Hongle also held a press conference to explain the matter.

At a press conference!

Hongle also explained the data in the "red herring" and elaborated on his future development plan for Didi.

Regarding future development, Hongle has already reported on Didi's shareholders' meeting, which has been recognized by major shareholders.

In the future, Didi will stabilize its online ride-hailing business and expand into the car rental industry as much as possible.

The car rental industry is a huge market both in China and in North America. It is even bigger than the taxi market and can reach 150 billion US dollars!

More and more people in China have driver's licenses, and more and more people rent cars.

It's just because China's national conditions are relatively complicated, not to mention limited numbers and traffic restrictions. If there are any violations in China, just follow the car. If an accident occurs, the first thing to do is to find the car owner;

When renting a car abroad, you just go with the person. You only need to rent the car out and then forget about it!

At present, Didi also has a car rental business, but it has not fully expanded it.

After all, Didi has only been established for less than a year, and it still needs to consolidate its online ride-hailing business. Now that it has raised funds through its IPO, it can develop into the car rental industry.

The "red herring" is just a preliminary prospectus provided by the underwriters to investors during the waiting period. It does not contain transaction details, that is, there is no price information such as issue price, underwriting discount, etc.

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The real wait for approval from the U.S. Securities and Exchange Commission, road show, and listing will have to wait until at least next month.

When playing.

Lin Yu received a call from director Zhang Yi'an and asked him to bring the crew of "Infernal Affairs" to attend the awards ceremony together.

Zhang Yi'an is filming "Jurassic Park" and is not very free.

Compared with the Hong Kong Film Awards, how attractive is Hollywood?

This time in "Jurassic Park", Zhang Yi'an went to win the Oscar statuette!

Similarly, as early as before, Lin Yu also received an invitation from the organizer to attend this Academy Awards ceremony.

With Lin Yu's identity and influence in the entertainment industry, the organizer invited him to attend this award ceremony, which is also a highlight of this ceremony.

However, Lin Yu does not plan to attend this award ceremony.

On the phone, Lin Yu said to Director Zhang: "I won't go to the award ceremony. I will attend the award ceremony this time...well, try to be mentally prepared, I'm afraid I will be your escort!"

"Um?!"

Director Zhang heard this and immediately knew what Lin Yu wanted to say, and said in a deep voice: "Someone is targeting us this time? Because of the casting of "Jurassic Park" and "Harry Potter"?"

Having been in the entertainment industry for decades, what hasn’t Director Zhang Yi’an seen?

After listening to Lin Yu for a while, he knew why it was a coffin!

But "Infernal Affairs" was the best movie last year.

If nothing else, there shouldn’t be much controversy about the best movie, best director, best screenwriter, and best 1.7 actor!

If there is really something going on at this award ceremony, it would really be a suicide attempt!

Anyone with a discerning eye can see this award ceremony at a glance.

"Director Zhang, don't take it too seriously. Lin Yu said nonchalantly: "It doesn't matter whether I go to the Academy Awards or not. I will organize a film award myself and make it a world-renowned award, just like the Oscars!"

"Since this is the case, I should go and take a trip. It doesn't matter if the crew here is delayed for a day!"

When Zhang Yi'an heard what Lin Yu said, he also said it didn't matter. It can be said that he has jumped out of the Chinese film industry and entered the international world, and he has no interest in the Hong Kong Film Awards!

He has won the Academy Award for Best Director many times. What does it matter if he has one more or one less?

He wanted to see if the organizer was really causing trouble and how he would step down.