Chapter 2863 Uber’s Globalization

As the economy becomes more and more recessionary, people's needs will change.

For example, I used to not care much about choosing a place to eat outside, but now I open the Chosegirl app before going to eat to see which restaurants are cheap and good, and there are coupons to buy, so I can get a better deal.

Another example is travel. Although the price of petroleum has not increased much, factors such as parking fees and road congestion will still increase the burden.

Therefore, Uber, which is cheaper and more convenient than taxis, is becoming more and more popular.

After occupying 20 large cities in the United States, Uber is not only marching into medium-sized cities in the United States, but also further marching into European megacities. The market share continues to grow, and the number of employees soon exceeds 2,000.

Compared with Uber in the previous life, Xiao Qi's Uber pays more attention to the communication with the city where it is located.

Not only have we seriously negotiated basic insurance with the insurance company, but we have also actively donated a large amount of business income to the transportation department, orphans and widow relief funds, etc. So far, basically 40% of the business income has been spent on this .

As a result, Uber is now losing more than 20 million U.S. dollars every month.

But it works very well.

With the approval of the insurance company, these drivers can drive with more peace of mind, and don't have to worry about the distinction between "operation" and "private expenses" after wiping the car.

Hundreds of millions of dollars have been donated to the transportation and transportation departments of various cities, allowing them to increase their budgets to maintain public transportation. It cannot be said that they have given the green light to Uber, but at least they will not be too targeted at Uber-they have nothing I will give you money as soon as I say it, and there will be every month. Even if this amount of money is not as much as that of taxis, people still want to get it anyway, so I am embarrassed to do everything right?

Another thing is to donate to the orphans and widows relief fund in the city, which has greatly improved Uber's social image and let the public know that Uber is a very socially responsible company, which makes them like Uber very much. In this way, if the government and relevant departments want to deal with Uber, many people will definitely stand up and complain for Uber.

In European and American countries, if there are more people protesting, the government must think carefully about it. Doing so will not pay off.

The last point is that in all big cities, especially super-large cities, traffic problems have always been a headache for managers.

Now the emergence of Uber can not only greatly reduce car travel. It can also conveniently and quickly send passengers to where they want to go, which is of great help to alleviate urban congestion. In a way, they are still helping the government.

There are all kinds of factors that make Uber's development so smooth, at least for now.

The investment community is not optimistic about Uber because of Uber’s huge monthly losses. In fact, the Royal Bank of Scotland’s asset rating for Uber is super excellent. Not only do I always contact Uber to buy shares, but I also actively recommend Uber to investors. Call it a company that "can change the world".

Giving such a high rating. Of course, they are not the only ones. Many banks and investment industries highly respect Uber and pay attention to Uber all the time. Once its shareholders have the intention to sell their shares, these people will take it without hesitation!

At the end of June, Uber’s average valuation reached US$35 billion, an increase of more than 40% from last year.

If it is calculated according to the transaction price, it will take at least 40 billion US dollars to buy Uber's shares.

Now there are quite a few shareholders in Uber, first of all, CEO Li Bote has 1% of the shares. The operation and marketing team is 2%, the technical team is 2%, the Steinbrenner family who sold the New York Yankees to Tang Mingxiang has 6%, and ITOCHU has 15%. The remaining 74% is held by Xiao Qi.

But in the face of many large companies buying shares at a valuation of US$40 billion, none of these shareholders are willing to sell.

Needless to say, Uber’s management and operations team, they all want to make the company bigger. As for making money, let’s wait until it goes public.

The Steinbrenner family will not sell, they sold their New York Yankees. I just want to find an asset that is closer to the times than the New York Yankees, and has a long-term long-term profit. Now it seems that although Uber has not made money, its future prospects are indeed broad, and it can reach at least a market value of 80 billion US dollars. That's way more money than the New York Yankees.

ITOCHU does not mind selling Uber's shares, but this is limited to more than 100 billion US dollars, and there must be other benefits for them, otherwise ITOCHU will not give up the hen that lays golden eggs.

In fact, in Itochu Corporation, a more mainstream view is that Uber can greatly improve the investment image of Itochu Corporation, and there is no need to sell it to others. Anyway, Itochu Corporation is not short of money.

Many fund companies and angel investors have been rejected by them, so everyone can only put their hopes on Xiao Qi.

Because after Itochu Corporation bought 15% of the shares this year, there were rumors that Xiao Qi was interested in making Uber the first company listed in the United States and landed in the United States.

Although I don't know the authenticity of this news, but comparing Xiao Qi's miserliness to other companies and the continuous sale of Uber's shares, it is really possible to go public.

This year, when the New York Financial News selected the companies with the highest growth rates in the next three years, Uber ranked among the top. Except for Facebook, which can steadily surpass it, Uber will be the next company to enter the 100 billion US dollar market capitalization club.

Think about the original GOOGLE!

If Uber’s financing and listing can be successfully done, how many people will be able to obtain huge profits from it?

Capital is profit-seeking.

Now Uber's valuation is only 35 billion U.S. dollars, which is far from 100 billion U.S. dollars.

Besides, although $100 billion is the end of Uber?

Think about it, taxi companies all over the world's major cities, how much influence and profit are there?

I am afraid that 200 billion US dollars can be achieved, right?

Therefore, everyone wanted to get a share of it, and contacted Xiao Qi through various methods, hoping to get his shares in Uber.

From time to time, if you have a good relationship, you will call and ask directly, and if you have a normal relationship, you will ask around the bush... Anyway, as long as Xiao Qi is willing to sell the shares, then everything is easy to talk about.

Xiao Qi is really interested in wanting to list Uber.

The reason is that Uber does business all over the world, and it works against taxis. There will be great obstacles in the face of many legal issues and city rules.

Even though Xiao Qi has made a lot of preparations now, if he has been eating alone all the time, many people may stand up and make Uber more difficult.

Therefore, it is still the same as before, attracting some rich people from all over the world, and then binding the interests of thousands of shareholders, so that the government will not be easy to embarrass.

Another advantage of listing in the United States is that the United States is very protective of its weaknesses. If its company is bullied outside, then there is no need to complain. They will come to the door directly: What are you doing? To target my American company, do you want to artificially create trade barriers? Should there be protectionism? Are you impatient to live? ...

Anyway, it was such a mess, many countries really couldn't bear the hooliganism of the United States, and finally had no choice but to let go.

Having taken a fancy to these benefits, it doesn't mean that Xiao Qi is in a hurry to buy shares.

Others know that Uber's market value can reach 100 billion, so Xiao Qi can't know?

So Xiao Qi also plans to sell shares when the valuation is 60 billion to 80 billion.

According to the current development trend of Uber, it can reach this goal in 2013 at most - if the development speed is in line with expectations, it may even reach such a high valuation during the 2012 London Olympics.

As for how much to sell, Xiao Qi thinks that before listing, he can hold 40% of the shares in his hands, and then wait until the listing to dilute the shares, 25%-30% of the shares in his hands will be the most suitable.

You are also the largest shareholder, so you can have the greatest rights and interests without letting other shareholders think you are too domineering.

After all, it is a listed company, and you still hold 70% or 80% of the shares, so the intention to monopolize is too obvious.

In this way, in addition to about 30% of the shares, Xiao Qi can cash out at least about 30 billion US dollars. Compared with his two billion investment in Uber in the past few years, it is simply impossible to make more money!

Having said that, times are different now.

When GOOGLE was listed in the past, its market value was only tens of billions of dollars. Unlike Uber, its current valuation has reached 35 billion dollars.

Let's talk about the previous point. When Microsoft went public, its market value was smaller.

Even the current IBM company has a market value of only over 100 billion US dollars.

A small taxi-hailing software like Uber can be on an equal footing with giants like IBM, which shows the importance of communicating with the world in the Internet age.

In the past, doing business was only done in one city, one region, and at most one or two countries.

But now online electronic business is generally all over the world. After this, its valuation level will be greatly improved. This is also an important reason why Internet companies are becoming more and more valuable after Facebook's hot IPO! (~^~)