According to the morning news on September 11, 58 second-hand trading platform of the same city transferred to a number of investors to reach an agreement to complete the $300 million B round of financing transfer, the last round of investment 58 city, Tencent continue to participate in investment.
Editor’s note: This article is from WeChat public account “Beyond J Curve” (ID: Beyondthejcurve), author CVSource hits the data.
This issue focuses on: According to the morning news on September 11, 58 used in the same city The trading platform turned around and reached an agreement with a number of investors to complete the $300 million B-round financing transfer. The last round of investment, 58 cities and Tencent continued to participate in the investment.
Viewpoint Highlight
1, In the field of fast-funded second-hand e-commerce platforms, even the common blessings of Tencent and 58 are difficult, and the CEO Huang Wei said: Live.
2, Institutions have been betting on high-quality resources in the track. The value of the second-hand trading platform industry chain is huge, and the investment amount of hundreds of millions of yuan can be seen everywhere.
3, As the main competitor of the idle fish, Tencent did not hesitate to invest heavily. In the second-hand trading platform, Tencent’s competition in Ali is still taking place.
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Highlight: In the cold winter, projects have received new financing.
Returning to the status of competing financing
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Highlight: The vertical second-hand platform has been repeatedly financed in recent years and has become a new force on the second-hand trading platform.
Competition comparisons – financing progress
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Highlight: Funds are concentrated in the head project.
Competition comparison – financing amount
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Highlight: The transfer was escorted by Tencent, and each round of financing exceeded $100 million.
Financing history of transfers
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Highlight: Used car trading platforms account for a high proportion of investment in the track.
Used platform domain preference agency investment map
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Highlight: The amount of financing in the track is generally high.
Institutional Investment Preferences
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Highlight: In this sector, the number of institutions entering the next round is above 60%, and most investment projects enter the next round.
Institutional projects enter the next round of scales
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Highlight: The early investment of Zhenge Fund is better than other institutions, and it is the fastest in the next round.
In the next round of institutional projects in this area
09 Investors and Media Reviews
1, In April 2017, it was transferred to Tencent’s $200 million Series A financing and cooperated with Tencent in social channels. At present, the transfer still occupies the secondary entrance of WeChat payment, and opens resources to the 1 billion WeChat users. – “Starting | Transfer to complete the rapid financing of 300 million US dollars, CEO Huang Wei: Live”
2, Since its establishment in November 2015, it has been continuously digging deep in the vertical fields of second-hand mobile phones and books, and gradually occupied the dominant position in the second-hand trading market. Thanks to the establishment of a standardized quality inspection system, the scale of second-hand mobile phone transactions that have been transferred has continued to grow steadily, and the revenue model of inspection and quality inspection services has matured. ——Upstream news “58 core sub-brands in the same city transferred to another 300 million US dollars B round financing”
3, In the past, second-hand means “depreciation”, and this awareness is changing now. The concept of low-carbon life, environmental protection and the “re-creation value” model of second-hand commodity trading are not It has gradually begun to enter the lives of mass consumers. ——Cao Lei Director of E-Commerce Research Center of Internet Economics
10 Related industry report views
1,As of the end of 2017, the scale of idle goods transactions in China reached 500 billion yuan, and the growth rate is more than 30% per year.In 2018, the transaction scale will reach 700 billion yuan. In 2017, the number of online online second-hand trading users reached 0.76 billion, with a growth rate of 55.1%. —— Netcom, “2018 China Used E-Commerce Development Report”
2, In the rapid rise of many second-hand trading e-commerce platforms, the penetration rate of leisure fish in the second-hand e-commerce field is higher, accounting for 70.7%, followed by the transfer ratio of 20.38%. The second-hand ratio was 6.37%, the second-hand market accounted for 4.46%, the love recycling ratio was 3.18%, the shareholding ratio was 2.55%, the hunting interest was 1.91%, the pat was 1.91%, and the pollen was 1.27%. I transferred to 0.64%, the ratio of looking for a machine to 0.64%, the proportion of love to turnover was 0.64%, and the proportion of other platforms was 23.57%. ——Netease’s “2018 China Used E-Commerce Development Report”
3, The Aurora Preference Index shows that used fish, turn and patted used second-hand e-commerce app, which was secondarily used by users, followed by second-hand mobile phone finds, love recycling and shrimp auction. Confucius’s old book network, Piggy’s excellent products, idle turn and love transfer have also successfully ranked among the top ten list of second-hand e-commerce app users’ preferences. ——Aurora Big Data “Used E-commerce APP Industry Data Analysis Report”