The importance of listing for a company is self-evident. Some companies desperately want to go public, some companies are delisted after listing, and some take the initiative to withdraw from the market, such as 360 and Ali, and take the initiative to withdraw from the market for their own destiny.
The highlight of the listing that year is now hard to turn back. In 2020, two major Internet companies announced privatization and delisting, one was Sina and the other was 58 Group. When it comes to delisting, very few people can return to the altar. Qihoo 360 delisted from the US stock market, and its market value rose from $9.3 billion to $60 billion after its return to A shares. For 58 cities, privatization may usher in a new turn.
"58 city, a magical website", a slogan circulating in the streets. Some people ridiculed that 58 cities are the waves of the Internet "Sina" on the beach. This is also a fact. As the "first generation" of the Internet, 58 cities seized the dividend of classified information and stepped on the peak, but it was also reduced to the second line due to lack of innovation.
As we all know, Cai Wensheng made his first pot of gold by speculating in domain names, so Meitu Xiu Xiu was born. Yao Jinbo's family history is also full of domain names. He made the domain name into a business and established a "domain name city". After the domain name city was acquired by Wang Wan, Yao Jinbo also became the vice president of Wang Wan.
It is impossible for people who surf the internet not to know. In 2005, Yao Jinbo resigned from Wang Wan and founded 58 cities. At that time, the domestic information internet broke out, and the asymmetry of information led to the birth of a large number of platforms. In the era of portal websites, 58 cities with massive information such as recruitment, real estate, vehicles and making friends are naturally a ride away.
The rise of the same city lies in grasping the needs of users and transmitting the information they need accurately and quickly through the Internet. 58 the same city shared the share of newspaper advertisements and opened its own era. 10 years later, all the way forward. In 20 13, 58 cities successfully landed on NYSE, becoming the first classified information of US stocks.
20 15 is the peak moment of 58 cities, and it is also a year of decline towards 58 cities.
Internet companies are characterized by competition and burning money, and 58 cities are no exception. After the acquisition of gigi. Com and Anjuke, 58 cities have no big moves, indulging in their own glory. But no progress is the biggest retrogression, and it is only a matter of time before being chased and surpassed by the "back wave".
What's more, 58 has made enemies on all sides in the same city, holding shares in the real estate field, the real estate in the recruitment field, the boss's direct employment, melon seeds used cars in the automobile field, car home in the freight field, and salted fish in the second-hand field. It seems to contain all the service information, but every market segment has competitors.
58 The first-quarter financial report released by the same city shows that the revenue in the first quarter was 2.56 billion yuan, down 15.5% year-on-year. The net profit was 65.438+63.9 billion yuan, a year-on-year increase of 65.438+0.34.7%. Revenue and profits are good, but the share price of 58 cities is not as bright as its business. Compared with the market value of 20 181300 million, the market value now is only 8.3 billion, down by one third.
Shopping malls are cruel, and the competition between internet companies is even more cruel. They want traffic and scale and can only sacrifice the user experience. Maybe 58 is valuable, but if it is still stagnant, it is inevitable that this magical website will no longer be magical.