My Dad Is The Richest Man In The City

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Lin's father and Lin's mother suggested that he acquire a bank abroad. In this way, both in terms of capital operations and company development, he would be very free, not controlled by others, and more flexible.

Acquiring a bank requires a lot of funds.

Of course, there are also some small banks that don’t cost much!

But what does the small bank Lin Yu do?

At least a bank with a market value of tens of billions of dollars must be acquired, or even higher, or other banks must be merged to form a big bank.

Consortium!

This is Lin Yu’s ambition!

There are no consortiums in the country, but some established families have strong strength and foundation in the country, and also have very large properties abroad, which are enough to form a small consortium.

Lin Yu only holds 26% of the shares of the umbrella parent company, and with the reserved 3% of shares, he only holds 29% of the shares, so he will definitely not give up the shares of the parent company.

In this case, there will only be branches.

Among the branches, only Didi, Umbrella 07 Games, and the newly founded Umbrella Technology are the most attractive.

If you want to buy shares, you can pay for them at a price slightly higher than the normal valuation!

After the third day of talks, the Ministry of Transport, together with the Ministry of Public Security and seven other departments, issued the first "online car-hailing license"

However, it was not awarded to Didi Company, but was obtained by Shenda Company.

Although Lin Yu has already taken action, and someone is secretly helping Lin Yu get rid of the boss of the Ministry of Transportation.

But in the previous two days of talks, the online car-hailing license plate was basically decided.

The person who secretly helped Lin Yu did not interfere in this matter anymore. He kicked off the boss of the Ministry of Transportation and just said hello to Lin Yu.

As for the 'online car-hailing license plate', he also knew very well that Lin Yu could get it in Tianjin.

[The first ‘online ride-hailing license’ was issued, but Didi failed to do so!]

[Didi Company missed out on its first ‘online ride-hailing license’! 】

[Will the online ride-hailing industry make waves again?!]

[Shenxing Company has obtained the first ‘online ride-hailing license’ and will expand its business across the country and impact Didi’s ride-hailing market share! 】

In the afternoon, the Ministry of Transport jointly announced that the first online car-hailing license was issued to Shenxing Company, and the portal website has published this news.

Many people believe that Shenxing Company may rise and seize Didi’s market share.

Nowadays, Didi does not have an "online ride-hailing license", so its development will be more or less restricted.

However, Didi Taxi now occupies 70% of the entire market share. With WeChat and TT two major software introducing users, how can other companies compete?

Many times, convenience is the best choice!

After the first "Online Car Hailing License" was issued, Houjijin Store issued an "Online Car Hailing License" to Didi

This is considered the second online car-hailing license. This signifies that Didi has obtained the "Ride-hailing Online Service Capability Certification" in Tianjin and can also be used nationwide.

People who were still criticizing Didi Taxi suddenly stopped talking!

There is nothing to say. As long as WeChat and TT do not support other taxi-hailing software, those taxi-hailing software will never be able to quickly capture the market.

As Didi has more and more users, there will naturally be more Didi drivers; there is a great relationship between drivers and users;

There are many users and few drivers; after the user places an order, there is no driver to take the order for half a day, which affects the user experience and causes the user to stop using the software;

There are many drivers but few users. If the driver does not have two customers in a day, what is the use? Is it a waste of traffic?

So in terms of customer experience, Didi will always have the advantage.

Let’s look at Didi’s shareholders: Umbrella Company, Longteng Group, TT Group, and Sequoia Capital.

Which one is not an internationally renowned company, and its three shareholders occupy the third, second, and first place in the rich list of China respectively? This is the most powerful proof and a symbol of strength!

After obtaining the ‘online ride-hailing license’, Didi CO held a press conference and stated;

At present, Didi's taxi-hailing platform has completed more than 30 million travel services every day, covering a variety of travel modes such as taxis, express trains, private cars, ride-hailing, driving services, buses, minibuses, and car rentals.

Among them, special cars and express cars that are online car-hailing services have covered more than 400 cities across the country.

In the six months since Didi went online in 2017, more than 27.5 million drivers have obtained flexible employment and income opportunities through Didi Private Car and Express. Every day, 5 million express drivers earn an average income of more than 200 yuan on the Didi platform.

The turnover created by these 5 million express drivers is as high as 1 billion!

This is a huge number, and it is only an achievement achieved in half a year, and does not include foreign data.

Of course, it is undeniable that Didi did not make a profit at all during this period. All profits were used for promotion, which is why it achieved such an achievement!

Didi provides better services than other taxi-hailing software. It is a global software. Even if users go abroad or travel abroad, they can directly use Didi, which is very convenient.

In his previous life, Lin Yu knew that Uber was trying to kill itself. Without the support of the government, it made publicity and went against normal taxi companies;

Later, it was revealed that Uber adopted a ‘peak price increase’ strategy during the terrorist attacks;

Soon after, it was revealed that Uber had implanted spyware in other software to steal users from other software:

There are also internal harassment letters...

In short, Uber has been exposed to constant scandals, and with its small market share in China, it almost collapsed due to self-destruction.

According to statistics from Professor Swath, a professor at the New York University School of Business and a well-known valuation expert, the global taxi market is worth approximately US$100 billion, half of which is in China.

In the hands of Lin Yu, Didi obtained a temporary authorization from the United States through the power of capital from the very beginning. Now China has also obtained an online ride-hailing license. It does not even bother to use spyware to snatch customers, nor does it intend to cause disaster. fiscal!

Didi is now developing healthily. Both Didi drivers and users have excellent evaluations of Didi.

In the second half of last year, Didi's global fourth-quarter revenue was US$2.1 billion, equivalent to 14.3 billion softmei coins; total platform transactions reached US$6.7 billion, equivalent to 45.7 billion softmei coins; net loss was US$300 million, equivalent to softmei coins 2000000000;

In general, although Didi still lost 300 million U.S. dollars, its revenue and expenditure are close to balance. Presumably Didi is expected to achieve profitability starting from the first quarter of this year.

Didi already occupies 70% of China's share and 57% of North America's share. It can already reduce the cash supplement appropriately and rely on word-of-mouth to continue spreading.

When the publicity is cancelled, and a large amount of funds are replenished, drivers and inputs may decline, and the user usage rate will decline, but it will not be difficult to achieve profitability.

Didi's current valuation has exceeded US$30 billion, an increase of 50% compared to the US$20 billion when it was founded. Sequoia Capital, TT Group, and Longteng Group have already made huge profits from their investments this time. After going public, Didi’s market value is expected to exceed 50 billion, which is very easy!