Caught In Rumors Of IPO And Equity Auction In The Year, Didi Said IPO Was Not The Best Thing At Present

Two consecutive days of IPO and equity auction news, so didi travel once again become the focus.

According to the news on July 22, centering on the rumors of didi platform's equity auction recently, the reporter of 21st century economic report logged into the Alibaba auction platform again and found that it was impossible to search for the relevant target. Didi reminds reporters of the equity authenticity of the transaction, hoping that we can pay attention to the risks.

At the same time, there is no IPO plan for didi in the 21st century.

On the evening of July 20, some media reported that didi was going to IPO in Hong Kong within the year. On July 21, the news that Didi's equity was auctioned was exposed.

When the IPO rumors just came out, some people close to didi analyzed to the reporter of 21st century economic report that the credibility of this news was not very good, "I also talked with relevant people inside didi recently, but I haven't heard of this news." Another investment industry person also said that didi had no clear listing plan two weeks ago.

In fact, Didi doesn't seem particularly worried about its own financial situation. In May this year, when the global online car Hailing companies were hit by the outbreak, Didi president Liu Qing said: "didi has no plans to lay off employees or raise funds." She revealed that Didi's current balance sheet is very strong.

Mystery of equity auction

On July 21, a media report said that the project named "equity of the world's leading online car Hailing travel platform company" on Alibaba's auction website will be auctioned, with a starting price of 92 million yuan. The bidding time is July 29, and the bidding period is one day. The shares to be auctioned are A-X preferred shares.

At that time, according to the auction target, the target company was a global leading mobile phone booking travel platform, providing services including taxi, express, special car, carpool, public transport, agent driving, enterprise car, bike sharing, car rental, errand running, takeout service and financial services. After 2019, the company will deliver 1.25 billion users a day, with a target of 0.15 billion users per day by the third month of 2019, and the target number of users will be 0.15 billion by the third month of 2019.

It can be inferred from these information that the subject matter is didi travel equity.

At the same time, the auction puts forward the requirements for the qualification of bidders: the potential transferee / intended buyer of the target must pass the qualification examination of the board of directors of the online car Hailing travel platform company, and the qualified transferee / buyer cannot be the competitor or related party of Alibaba and Tencent.

However, on the 22nd, Didi's partial equity auction was cancelled at Ali auction. The 21st century economic reporter logged into Ali auction and found that he could not search for relevant auction items.

In this regard, Didi told the 21st century economic report that the identity of the suspected didi equity seller on the online auction platform was unknown, and the authenticity of the equity itself could not be identified. Please pay attention to the potential risks. "Didi's shareholders' agreement strictly forbids any private equity transaction, and any private transaction without the company's permission cannot be guaranteed by law."

No IPO plan

Quite paradoxically, the day before the news of Didi's equity auction was released, there was a rumor about Didi's IPO in Hong Kong stock market in the year.

On the same day, some media reports said that people close to Didi's senior management confirmed that didi was preparing for the listing of Hong Kong shares, but the specific plan was still in the process of promotion. The report also revealed that Didi's capital situation is still abundant, with book cash of more than 50 billion yuan, but investors have demands for withdrawal.

The time when the two news came out was close, and it was even doubtful whether it was intended to create momentum. "That IPO rumor is just like the false news set up for the management to auction Didi's equity. "One industry observer said.

Around the IPO rumors, Didi officially confirmed to the 21st century economic reporter on July 22 that IPO is not Didi's top priority at present, and the company has no relevant plans at present.

It should be noted that in May this year, when the global online car Hailing enterprises were hit by the outbreak of the epidemic, Didi president Liu Qing said: "didi has no plans to lay off staff or raise funds at present." According to its disclosure, Didi's ride volume in China has reached 60% to 70% of the level before the outbreak of new coronavirus, and Didi's core network car Hailing business has begun to make profits.

"In 2018, it will play a key role in the reform of the safety system and the off-line management system of drivers in 2018." "Didi's balance sheet is very strong. Didi will continue to invest in the construction of safety system, as well as new technologies such as artificial intelligence and automatic driving that will reshape the safety of the industry," Liu said

Also in May this year, Didi's auto driving Department completed more than $500 million in financing, led by Softbank's vision fund phase 2.

In fact, Didi is now more focused on growth than raising money. Didi held its internal 2020 annual strategy meeting in April this year. At the company's strategy meeting, Didi travel CEO Cheng Wei announced the strategic objectives for the next three years, namely "0188": safety is the cornerstone of Didi's development, without safety, everything will go to zero; within three years, the global daily service will reach 100 million; the domestic travel penetration rate will be 8%; the global service user Mau will exceed 800 million.

It can be seen that for the current Didi, the financial situation is not included in the strategic objectives.

It is obvious that Didi's diversified expansion is speeding up. Since March 10 this year, Didi has successively launched errand business in 21 cities; on March 25, it was rumored that didi would promote long-term and long-term car rental service in C2C mode; on June 23, Didi freight was officially launched in Chengdu and Hangzhou; on July 8, Didi entered the DCEP Ecological Construction Bureau and reached cooperation with the digital currency Research Institute of the central bank; on July 22, Didi announced that its independent brand huaxiaozhu would soon be launched Line, focusing on the travel market of young users with lower prices.

According to the analysis, Didi has covered online car hailing, free riding, Valet driving, car rental, bicycle, bus, charging, refueling, finance, takeout, freight and other businesses. "In addition to online car Hailing business, Didi also involves a lot of diversified businesses," the observer told reporters. "Didi, which has already established its market, will usher in new opportunities and challenges. I believe that didi will have a better development."