The 3rd World Internet Conference was held in Wuzhen recently. Cheng Wei, founder and CEO of Didi Travel, attended the conference and gave a keynote speech at the Internet Entrepreneur Forum. He talked about the reasons behind the rapid growth of Didi and some views on China's supervision. .
He said that although there are still some challenges, the trend of embracing the Internet in the transportation sector in the past four years and promoting reform and liberalization is obvious. China is the first country in the world to issue regulations to affirm the network of cars, earlier than the United States, Europe. We are confident that Internet traffic and sharing economic changes will continue to lead the world.
“Before China studied Japan and learned the mode of transportation development in Europe. Now Internet + transportation gives China a chance to overtake a corner. When the leading country of the previous era arrived in the Internet era, Japan and Europe reacted to the slowest.â€
Later, he announced in his speech that Didi will firmly promote internationalization, promote the maturity and prosperity of the entire shared travel market on a global scale, and express an opportunity for Didi. Ten years later, China's transportation technology and service level will lead the world. .
The second time I came to Wuzhen, I was grateful every time. Didi has grown into the world's top three unicorn companies, only in China, four years of the drop, after 80, I have such an opportunity to develop so rapidly.
Four years ago, the Internet connected all goods, all information, everyone, but all vehicles were offline. We founded Didi, believe that the Internet will connect all vehicles, and big data will improve the efficiency of the entire city and everyone's experience. We set our mission to make travel better! On November 3, 4 years ago, Beijing’s first heavy snow, the first day of the DDT day, passed 1000. This year's 10.1 holiday peak, Drip served more than 20 million a day.
We have gradually become accustomed to screaming in the house and then going out, getting used to the car without paying cash, getting used to the express train and getting on the bus, there are more and more choices. Internet, really a little bit of changing travel...
Many times, it is easy to see problems and complain. But if you want to push for change, you will definitely be attacked and stressed. Most importantly, if you have a dream and make a promise, you must continue to work hard. We firmly believe that technology will make travel better!
Last month, Liu Qing was in the two major heavyweight media forums in the United States. Some people are singing the Chinese economy. Our high-profile introduction to China is from China. Although it is only 4 years old, it serves 20 million singles every day. GMV exceeds Uber globally. The order quantity is 3 times. We have tried to clarify the global media's misunderstanding and prejudice against China. Uber left China not because of government protection, but because of the fact that the real guns are fighting in the market. We told the world that the game at home in China is over, and the next drop is to play away games.
Although difficult, there is an opportunity to promote technological change. Changing the world is the happiest thing for every generation of young people.
China's economy is developing at a high speed, and everyone has an increasing demand for travel experience. There are probably several engines behind the rapid growth of Didi:
1. Internet + transportation brings efficiency. Beijing has tens of thousands of orders per minute. The Drip algorithm covers 300 times of Beijing roads every day. Traffic has become real-time dynamic big data. Didi Brain has been learning urban travel demand, and now the demand forecast accuracy rate exceeds 85% after 15 minutes. So that we can do scheduling in advance; more than 2 million people who carpool each day commute by car.
2, part-time + full-time tidal mode, travel is a typical tidal demand, and the Spring Festival Golden Week, there is a peak period. For example, hotels in the peak period are not good, but if you can book a hotel in Golden Week, Pingfeng will be idle a lot, no one will invest. The same is true for taxis. The only solution is the full-time plus part-time tidal system. According to the demand of Pingfeng period, professional hotels are offered, and the peak price increases attract part-time family hotels. Didi is also composed of nearly 20% of full-time drivers and more than 80% of part-time capacity. The tide theory makes Drip achieve 98% response rate.
3. Taxi industry reform. Internet innovation has made it difficult to take a taxi in these years, and industry reforms have begun to break. The retail industry where e-commerce is located is itself market-oriented, and the Internet has helped its informationization and has achieved tremendous development. In the transportation field where Didi is located, in just four years, the marketization and informationization are simultaneously changed. The pressure challenge is naturally much larger, and the energy released is much larger.
4. Sharing the economy. In the past, every family in the urbanization industry wanted to buy a car, but with the dense population, this development model is becoming more and more inefficient. Buy a car, 3% of the time is in use, 97% idle; the city has to build a large number of parking lots to park idle cars, parking spaces are more expensive than cars. Most of the cars on the road only sit for one or two people. Inefficient models make urban traffic difficult to continue, with restrictions on purchases in seven cities around the world, and six in China. How to do? In the future, we will change from owning a car to a shared car. I believe that after ten years, everyone will not be as keen on driving a car as they are today, because it is very convenient to use the car at that time. Comfortable car service, everyone pays for the use, no need to own.
Innovation and regulationIn the Internet sector, innovation tends to be earlier than regulation. But it must be integrated into the development process. In the past four years, from the earliest places to develop telephone call center, taxi software called taxis are illegal, more than a dozen cities have limited development. By 2014, the taxi software is legal, and the country no longer encourages the phone to call. It was not allowed to start at the beginning of the special express train. By July 28 this year, the network was legalized. From the half year ago, the number of control, price control ideas, to the latest draft of the draft is basically liberalized. Although there are still some challenges, the trend of embracing the Internet in the transportation sector in the past four years and promoting reform and liberalization is obvious. China is the first country in the world to issue regulations to affirm the network of cars, earlier than the United States, Europe. We are confident that Internet traffic and sharing economic changes will continue to lead the world.
In the past, we studied Japan and learned the mode of transportation development in Europe. Now Internet + transportation gives China a chance to overtake a corner. When the leading country of the previous era arrived in the Internet era, Japan and Europe reacted to the slowest.
In a densely populated and large city in Beijing, it is 20 times more difficult to solve demand forecasting and capacity allocation than New York City. And there are dozens of megacities in China, and the complexity of the transportation system can't be compared with any country. In terms of scale, technical difficulty, and product innovation, China has become the center of the world's shared travel industry, and the technical accumulation and level of big data analysis, carpooling, machine learning and artificial intelligence in this field. It has also become the world's leading level and is urgently needed around the world. Didi will firmly promote internationalization, promote our technology and products to the international market, help local enterprises to upgrade their products and technology, and serve more consumers, thus promoting the maturity and prosperity of the entire shared travel market on a global scale. ! Give a drop of opportunity, I believe that after ten years, China's transportation technology and service level will lead the world.
We will increase employment assistance, and Didi has provided a total of 3.886 million jobs for 17 provinces in the country. The new economy is increasingly becoming an economic stable period and a reservoir for employment; we will also increase and traditional rentals. Car integration, this year's double eleven, Tmall's highest sales are traditional brands, the first is Uniqlo. Online and offline integration is a big trend. We hope that traditional taxis can also share the dividends brought by the development of the Internet, and also use the Internet to promote taxi services and efficiency upgrades. The network car taxi is not your life, but the integration development. Last week, there were 150 taxi companies and Didi cooperation. The largest taxi company in Chongqing and Didi strategic cooperation on Tuesday, in the future, you call express train, come to a car. Don't be surprised if the service is good.
Didi's first five-year vision to create the world's largest one-stop travel platform for the Chinese. In the combined August, September and October, our GMV exceeded Uber worldwide.
In the second five years, I hope to build a world-class technology company to promote future transportation and future automotive transformation.
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