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China's Version of Uber to stop LISTING in THE US, 100 billion returns to the Chinese stock market? - YouTube
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hi everyone welcome to china technology
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channel where we follow the latest
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science and technology developments in
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china today we are talking about after
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delisting from america another
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unfortunate thing about didi in recent
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years dd's development has actually been
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somewhat unsatisfactory
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first frequent negative events have
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caused dd's reputation to plummet after
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that didi was exposed to nearly 15
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million drivers who left the dd platform
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we must know that dd only has 30 million
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drivers in total and it can be said that
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it has lost half of it directly
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now this year is coming to an end and
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many people may think that didi is just
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like that however the development of
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things can be said to be beyond the
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expectations of many people again at the
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end of 2021 dede has another accident
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this time dede's revenue has suffered a
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serious loss
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it is another unfortunate thing about
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deity after delisting from america
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so now dede which is still an online
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ride-hailing giant has such a huge loss
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with such huge losses can dd still be
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able to sustain it on december 30th didi
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announced its financial reports for the
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second and third quarters of this year
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didi said that in the second quarter of
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this year didi had a total of 48.2
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billion yuan in revenue in the third
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quarter of this year dd gong's economic
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income was 42.7 billion yuan in general
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dd's economic income in the third
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quarter fell by 11.48 percent from the
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second quarter in addition deedee also
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admitted that there was a net investment
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loss of 20.8 billion yuan in the third
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quarter of this year if this part of the
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loss is included dd will directly have a
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net loss of 30.6 billion yuan in the
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third quarter of 2021. this kind of
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financial report may make many people
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not expect it
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after all who would have thought that
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china's largest online car hailing giant
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the most common online car hailing
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platform in daily life would now fall
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into the quagmire of losses and it is
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still such a serious loss then why did
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didi lose money why did didi lose
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first fierce competition in the online
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car hailing market today's online car
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hailing market is not what it used to be
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more and more online car hailing
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platforms have entered the game such as
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auto navi taxi t3 travel and so on
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however at the moment when china's
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online car hailing platforms are
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entering the game one after another
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china's consumer market has not expanded
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therefore with limited market pie fierce
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competition has emerged under such
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fierce competition it is not difficult
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to understand that the once online car
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hailing giant deity will lose money
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second deity's poor reputation
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the most important factor for dd's
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losses is undoubtedly the consumer
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market however due to frequent negative
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incidents dd's several rectifications
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did not seem to have much effect
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therefore the reputation of such unsafe
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deity in china in fact it is not very
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good given the poor reputation of the dd
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market and the increasing number of
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online ride-hailing options in china it
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is actually not impossible for didi to
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lose its consumer market with the loss
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of dd's consumer market didi's losses
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are actually expected
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finally dd drivers lost the loss of dd
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drivers is actually related to the loss
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of dd with the loss of dd drivers the
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daily order volume of the dd platform
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will definitely decrease
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the number of orders received by the dd
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platform has decreased and dd's economic
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income cannot be avoided sooner or later
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under the interlocking relationship didi
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will lose money sooner or later didi is
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now deeply mired in the quagmire of
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losses and ching wei and luching are
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still struggling to support
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so judging from the current situation
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can dd be able to sustain it can dd
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still hold it up dd should be able to
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sustain it at the moment this is not a
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random guess
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as we all know dd is china's largest
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online ride-hailing platform at present
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there is still a very broad consumer
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market in china as the saying goes a
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lean camel is bigger than a horse
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although deedee is currently suffering
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serious losses the capital accumulated
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over the years should be enough for didi
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to temporarily maintain its own survival
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furthermore our country will not let dd
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fall
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why as china's largest online car
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hailing platform dd itself controls
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china's largest consumer market if dd
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falls which online car hailing platform
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can currently absorb such a huge
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consumer market
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once didi falls will such a huge
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consumer market destroy the market
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environment for online car hailing
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therefore the country will not let dd
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fall from this point of view dd's
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support is not a problem of course as
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far as dd's current situation is
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concerned dede can really stand it up
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but if dd does not make major changes it
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may be difficult for dede to survive
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so what exactly will didi do in the
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future not to mention that it can return
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to glory or at least survive where does
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didi go in the future
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first of all improve platform
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supervision and restore their reputation
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until now deedee's problems have
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basically been caused by inadequate
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supervision
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therefore dd should strengthen the
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supervision of the platform in the
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future and standardize the dd platform
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as soon as possible i believe that with
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dd's reputation once the dd platform is
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standardized and once the dd platform
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develops in a good direction dd will
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eventually restore its reputation and
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restore its own market
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second protect the interests of both
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parties and restore lost drivers
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dd will fall into the current
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predicament
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there is another very important point
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that is the exploitation of drivers by
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the dd platform
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after the dd incident the dd platform
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directly beat the dd drivers to death
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and moved forward
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the other extreme therefore if dede
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wants to return to its former glory in
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the future the best way is to settle the
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disputes between the driver and the
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passengers in a fair and just manner in
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this way neither the passengers nor the
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driver will be offended and the driver
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who has left may even return if dd wants
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to be brilliant it cannot do without the
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drivers after the interests of the
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drivers are protected the drivers will
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naturally return at the moment when
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drivers return dd's business will
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certainly be able to recover and expand
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which will be of great help to dd's
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future development and progress
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since july this year most of dd's apps
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have been removed at the same time its
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main app dd choosing and its many
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programs were unable to obtain
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incremental users while other players
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continued to obtain them through
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subsidies and other methods during this
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period
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new users despite this from the
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financial report data dd who is in deep
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trouble is still the leader in this
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market and there is no rival that can
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shake its chassis this also proves that
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dd has built a certain mode through
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scale effect although essentially all
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players provide undifferentiated travel
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services once the scale effect is
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established quick response will provide
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a good user experience
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become the key to victory which is where
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deity's barrier lies
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another dimension is that from the
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perspective of its financial report
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orange heart optimal group is still a
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relatively heavy burden and is in
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continuous loss for this reason from the
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third degree orange heart optimal group
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has gradually adjusted and reduced the
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scale at the same time looking for a new
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direction this is a relatively helpless
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choice for dd but in the face of the
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continuous influx of this giant it needs
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to continue to burn money and the
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business model is not yet clear
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this is dd's breakup move which can
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ensure dd's cash flow to a certain
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extent and reduce losses
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it is also a wise move for dd's hero to
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break its arm this may mean that dd will
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no longer blindly expand and enter the
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stage of refined operation in order to
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ensure that its main business is not
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affected as much as possible and further
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stabilize the chassis which will be in
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trouble
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for dd this is particularly critical in
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the third quarter of this year dd had a
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net loss of 30.6 billion yuan which was
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due to the negative impact of deity in
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recent years in the days to come i hope
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that dede will make changes as soon as
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possible and improve its own
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shortcomings as soon as possible only in
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this way can dd still be at the top in
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the increasingly competitive field of
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online car hailing thank you for
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watching our video how do you think
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about after delisting from america
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another unfortunate thing about dd you
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can put your opinions and ideas in the
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comments below that's all there is to it
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for today this is channel china
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technology thanks for watching and be
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