The return of Didi Shunfeng to the line is enough to make other travel platforms anxious.
According to Bloomberg news, Tida Travel is seeking to raise about $ 300 million in the previous round of IPO financing. Regarding this, Tick said “no comment”.
The predecessor of DaDa Travel is DaDa Carpool, which was established in 2014. At present, its business is mainly in the windmill and taxi business. Compared with Didi, DaDa Travel’s business scope is relatively small. However, Didi Downwind has been off the line for more than a year due to two safety accidents, and it also has the opportunity to overtake the corners of the travel platform, including the ticking trip.
According to Tech Planet, after Didi Shunfeng went offline, a ticking employee said that orders have increased by 3-5 times , “the review department is too busy” in response to the surge in orders The company also added servers and hundreds of customer service staff. In addition, Gaode, Harbin, and Cao Cao also continued to increase the downwind business during the period.
Since November 2019, Didi Shunfeng has been launched in more than 10 cities. Even if the progress of promoting the launch is not radical, it is enough to make other travel platforms feel anxious.
Investment bankers have told us that Tick Travel has begun contacting investment banks in the first half of 2019. In 2019, Song Zhongjie, CEO of Tick Travel, said that the company has achieved profitability, and its revenue also includes advertising business, value-added business, and aftermarket services.
An other investor revealed to him that DaDa Travel currently has a daily order volume of nearly 1 million, of which 70% is a downwind car. The next priority is to grow. The plan before listing is an average of 2 million per day. single.
During the five years since its establishment, Dada Travel has received three rounds of financing totaling US $ 130 million led by IDG Capital, Yiche, and Chongde Investment. Among them, Li Bin, as one of the founders of Yiche, and after co-founding Weilai Capital with Gao Ye and Sequoia Capital, also led a round of round D financing in 2017. Li Bin himself also became a Tick the chairman of the trip. From the perspective of both Yiche and Weilai founded by Li Bin being listed on the NYSE, it is likely that the future IPO location of Tick Travel is also the NYSE.
Analysis “China’s Online Car Market Analysis Report 2019” shows that the amount of downwind car transactions in 2018 increased by 20.9% from 2017 to 23.2 billion. According to estimates, the trading volume of downwind vehicles will increase by about 20% in 2019 and 2020, and the growth rate will far exceed the express car market. With the ticking IPO and the continuous opening of Didi Shunfeng, the future battle of the Shunfeng platform will continue to intensify.
Head picture: Click official website