After being announced for censorship, Didi Chuxing APP was removed from the shelves, and then there was a serious problem of collecting users' personal information, and then 25 apps were removed from the shelves. However, these are all preludes, and today comes heavy news.
On July 16, the National Network Information Office joined forces with the Ministry of Public Security, the Ministry of National Security, the Ministry of Natural Resources, the Ministry of Transport, the State Administration of Taxation and the General Administration of Market Supervision to conduct a network security review in Didi. This lineup is very strong. Before Ali was investigated, it was only the General Administration of Market Supervision. This time, seven departments came, which shows that the problem is not small.
As a result, Didi's share price will inevitably suffer another wave of heavy losses. On June 30, Didi completed its listing in the United States in a low-key manner. The next day, its share price rose by 16%, and its market value once exceeded $80 billion, which made investors overjoyed. Unexpectedly, the review was immediately ushered in. In the next week or so, Didi's share price is basically in a state of decline. The biggest decline was on July 6th, reaching 19.6%.
However, due to the lack of investigation, it seems that the capital market will be lucky again. On the evening of July 13, Didi's share price rose by 1 1.3%, and its market value increased by 6 1 billion USD (about 40 billion RMB). At present, the market value of Didi is 59.259 billion US dollars.
What happened to Didi? In fact, we can learn a thing or two from various announcements. On July 2, the review was announced. There was a saying: "safeguard national security and prevent risks from expanding", which shows that it involves national security issues.
After that, the APP was removed from the shelf, and the content was: there were serious violations of laws and regulations to collect and use personal information. It can be seen that the user's personal information has been violated and abused, and there may be bigger problems. In addition, the online car market is the only one, accounting for more than 90% of the market share, and there is likely to be monopolistic behavior.
As for other issues, we need to wait for the results of the investigation to know.
Since the establishment of 20 12, Didi has received more than 20 rounds of financing, with a total amount of more than 20 billion US dollars. There are more than a dozen capitals behind it, both at home and abroad, as well as state-owned capital. In addition, Didi has successively "swallowed up" its fast competitor Uber China, and finally became the overlord of the online car sharing industry.
Simply put, Didi is a giant of capital ripening. The online car rental market is like a cake. At first, many people came to grab food. The eldest, the second and the third grabbed the most, but they were not satisfied. They continue to compete and invest. Later, they thought it was better to be bigger and stronger together than internal friction. As a result, the boss Didi merged with the second child and the third child, and other small opponents were quickly defeated. Didi almost occupied the whole cake.
With so much investment in the early stage, the gold owner behind Didi will definitely recover the cost and make a big profit. The only way is to go public, push up the share price, and then cash out and let other investors take over. Softbank, the major shareholder of Didi, and Uber, the second shareholder, are behind the listing of Didi.
As for why it is listed in the United States, it is said that it is because the valuation is higher and Hong Kong will be lower. For investors, it is definitely hoped that the higher the market value of Didi, the better.
But to be honest, the listing date chosen by Didi reveals an unusual trend, and it is a fast listing. It took only 20 days from submitting the application to listing.
What will happen to Didi is still unknown, but it will definitely be punished and require rectification. There are two cases of high probability.
First, Didi lost its monopoly advantage and the market structure changed greatly. At present, Meituan has restarted the download and once again launched the online car market, while players such as T3 and Gaode have increased their investment and hunted Didi.
Although Didi has been removed from the shelves, its existing users are not affected. According to Didi's data, their global annual active users are 493 million, which is very huge. However, if it is kept off the shelf, the market share will definitely be divided. Before Didi was taken off the shelf, its market share was seized by Didi Company.
Second, delisting and restructuring. Some people have analyzed that Didi is in such a hurry to go public that it is lucky, and listing is always better than the market. It seems a bit "fearless" to occupy such a large market share and have so many users.
However, the central media "Economic Daily" also voiced its voice and published an article entitled "There is no room for monopoly without being too big to fail", clearly pointing out that many giants have made some illegal acts with the mentality of "the law does not blame the public". It can be seen that even if it is listed, even if it is so big, it is not too big to fail. Therefore, it is not impossible to withdraw from the market.
The investigation of Didi has just begun, and we will wait and see what the result is, but think about the shareholders who are listed and cashed out, and the life is not so good.