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    Old Age: Scale 30 Billion, Then Talk About Listing.

    2011/3/11 11:45:00 55

    Chen Fan 30 Billion Talk About Listing Again


    Founder and Chairman

    Old

    (information map)


    At the same time, the tide of listing of IT enterprises in China is in the ascendant.

    vancl

    It is also possible to join this round of upsurge.

    According to Reuters, VCG and chief executive Chen said yesterday (7) evening that once the sales volume of customers in 2012 reached 30 billion yuan, it would consider listing in the second half of the year or the second half of 2013.


    Founded in 2007, van customer has been invested in venture capital institutions such as IDG, Softbank and Qiming for about 200 million US dollars.

    Although everyone is not yet profitable and is likely to lose money this year, analysts expect the loss to narrow.

    Chen said that customers will set the sales target of 10 billion yuan this year.

    Compared with 2010, this goal has increased by 5 times.


    Chen said that listing is not the most important task of all customers.

    "If customers (Sales) can exceed 10 billion this year, it will be 30 billion in 2012."

    Chen pointed out that for all customers, the sales volume of 30 billion yuan will make the company achieve a good profit point.


    At the same time, Chen talked about the vision of the development of everyone.

    "In the next five years, all customers will become a 100 billion scale company in China."

    But he also said that if sales in 2012 reached 30 billion yuan, or consider listing in the second half of the year or the second half of 2013.


    When it comes to the current valuations of customers, Chen gives such a set of data.

    "When our last round of financing was completed, the value of investors to van customers was US $1 billion 500 million. The most recent round of financing was 4 months ago, and the estimated value of investors was about $5 billion."


    With the continuous heating up of the domestic consumer market, such as

    Alibaba

    B2C e-commerce sites such as van and so on have gained the opportunity to develop, and have also become popular investment areas.

    In view of the possible existence of investment bubbles in the Internet industry, Chen did not agree.

    "I think the first thing to say that there is a bubble is not a very good company, but the second is a capitalist who is too expensive to enter."


     

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