Announced a number of personnel adjustments

October 21, drip travel announced a number of personnel adjustments. Among them, Sun Shu was appointed executive president of the network car platform company; at the same time, Sun Shu will continue to concurrently serve as general manager of the flower piggy taxi. The network car platform company CTO Lai Chunbo will be transferred to the orange heart preferred, responsible for product technology, customer service, warehousing and distribution, quality control and fulfillment system construction. After Lai Chunbo's transfer, Cao Le will become the head of net taxi technology. Appointment of excellence and general manager of User?Team, responsible for product, operation and marketing work at the level of the drip platform.

And the day before the personnel adjustment, according to Reuters, citing people familiar with the matter, DDT is shifting its previous plans for a U.S. IPO to consider a Hong Kong listing as early as the first half of 2021, with an expected valuation of more than $60 billion at the time of the IPO. Three people familiar with the matter said that DDT has begun preliminary talks with investment banks about the long-awaited IPO.

One of the people familiar with the matter said DDT has started to make solid profits since the second quarter of this year, and many of its investors are now keen to cash in. But it warned that plans for an IPO were at an early stage and could change depending on market conditions. Although DDT later responded by saying it did not have any clear plans or timeline for an IPO. Some analysts have pointed out that although DDT denied the matter to its face, the areas involved in DDT's subsequent personnel adjustments suggest that it is not only deepening its own strategy, but may also be preparing for a future IPO.

Strategy to achieve initial results

Drop said the adjustment is to select and train young managers, to continue to cultivate and deliver talent for innovative business, and to provide organizational security for the 0118 three-year goal and the company's long-term development.

According to relevant analysts, this personnel adjustment reveals the signal that DDT for this year's focus on the input business of the refilling. This personnel adjustment involves flower piggyback ride, orange heart preferred, User?Team and other areas. This year, drops in multiple business line launched a fierce offensive, including the net car, sinking market and community group purchase and other areas continue to increase the layout. According to published data, DDT's strategy this year has achieved some results.

In June, DDT launched a new community e-commerce business called "Orange Heart Preferred"; on Sept. 29, it announced that its total daily orders nationwide exceeded 2.8 million. in July, DDT launched a flower piggyback ride, which ushered in explosive growth.

In the mobile APP?TOP?1000 list in September 2020, Flower Piggy Taxi ranked 176th with 16.478 million users, up 74% from the previous year. In the September small program TOP100 list released by the whole network small program big data intelligence platform, DDT replaced Jinduoduo, topping the list for the first time.

Previously, the news about the listing of DDT has been constant, and some investors told the media that it is only a matter of time for DDT, the leader of the online car industry, to go public, and the listing is also to facilitate the development of international business and financing. In addition, the president of DDT said in an interview with the media not long ago that DDT's core business, i.e., online dating business, has already realized a meager profit.

This article comes from the authors of the automobile home car family number, does not represent the views of the automobile home position.