Home » Business » Behind the Mainland on-line using platform getting into Hong Kong, drivers are very annoyed and its efficiency has been dropping losses 12 months after 12 months.

Behind the Mainland on-line using platform getting into Hong Kong, drivers are very annoyed and its efficiency has been dropping losses 12 months after 12 months.

Along with the mainland on-line ride-hailing platforms “Amap” and “Didi Chuxing”, which have re-entered Hong Kong, many associated corporations are additionally making ready to use for itemizing in Hong Kong The enterprise appears to be in bloom, however the truth is the mainland market has turn out to be saturated, and lots of platforms It has suffered steady losses and hopes to go public to to boost cash to proceed his life. As well as, with the event of Robotaxi, the trade could also be disrupted at any time, and conventional “drivers” could now not exist.

Early warning of market saturation in Shenzhen and different locations

In accordance with home media China Information Weekly, on-line ride-hailing drivers have turn out to be an possibility for many individuals to complement their earnings or lose their jobs. The report quoted a ride-hailing driver in Beijing as saying he works 12 to 13 hours a day and “takes no matter orders can be found.” ”His every day earnings is about 300 yuan (the identical under in RMB), and that he earns about 1 yuan per kilometer after deducting bills.

One other ride-hailing driver in Hefei even complained, “It prices greater than 100,000 yuan to purchase a automotive, the insurance coverage is greater than 10,000 yuan a 12 months, and the every day turnover is just 200 yuan. ” One driver identified, “Drivers are very saturated, the platform remains to be hiring drivers, and the worth of the unit has been falling. I’ve been working for greater than two years, and the worth scale back unit mileage 5 instances.”

In actual fact, Shenzhen, Sanya, Dongguan, Wenzhou, Changsha and Suining issued “market saturation” warnings final 12 months, amongst them, the Jinan City and Rural Transportation Bureau even harshly stated, “Influenced by elements such because the a big and speedy enhance within the variety of instances. Variety of using bikes and employees, at the moment The common variety of using bikes obtained per day is lower than 10. The surplus variety of using bikes and too many market teams even have a destructive impression on security the trade. “

Knowledge from the Ministry of Mainland Transport exhibits that on the finish of March this 12 months, 6.791 million using driving licenses and a couple of.847 million car transport certificates had been issued nationwide, a rise of 1.2% and 0.9% quarter -to-quarter; throughout this era, 345 using platforms had been working throughout the nation. 180 days.

Huge enterprise competitors, a number of subsidies, little revenue

Along with the issues on-line ride-hailing drivers face, in a market with too many takers and too few individuals, ride-hailing platforms are additionally struggling to make a revenue and face compliance pressures massive loss and they’re in dire want of cash to enhance their state of affairs.

The report cited an investor who identified that homogenous competitors has led to low company costs and restricted income. The trade has excessive subsidies and excessive advertising and marketing prices on the similar time, such because the capital turnover disaster of using manufacturers and This additionally strengthens the battle between drivers, passengers and the platform.

Some drivers complain that there are too many ride-sharing and particular low cost orders, and that the platform’s fee ratio is simply too excessive that folks will get one individual’s cash.”

Fixing monetary wants has turn out to be an pressing matter

Huatai Securities’ Web analysis group additionally stated that find out how to remedy financing wants is certainly an pressing concern dealing with all rising ride-hailing corporations. Nevertheless, the Hong Kong Inventory Trade (388) revised its principal board itemizing guidelines final March to permit expertise corporations with no income or income to be listed, which may very well be is a lifestyle for a lot of mainland using platforms.

In actual fact, there are a lot of mainland ride-hailing platforms listed in Hong Kong this 12 months, amongst them, Dida Journey and Ruqi Journey submitted itemizing functions in March, and Caocao Journey submitted the pre -view them in April.

Dida Journey has surpassed market share with main corporations

Dida Chuxing is an early participant within the mainland using market. Within the final three years, its income have decreased.

Cao Cao’s travels rely closely on gathering platforms

As for Cao Cao Journey, which is among the many prime three by way of market share, it submitted an inventory utility to the Hong Kong Inventory Trade in April amid monetary difficulties. The forecast exhibits that the corporate has suffered losses for 3 consecutive years, with losses of three.01 billion yuan, 2.01 billion yuan and 1.98 billion yuan respectively from 2021 to 2023. Nevertheless, fortuitously, the gross revenue margin has steadily returned to constructive from a destructive 24.4. % to five.8%.

Behind Cao Cao’s defeat, he additionally reveals a significant ache level in small and medium using platforms, which “rely closely on gathering platforms.” Whereas its earnings has grown considerably, the fee prices paid to third-party aggregation platforms have additionally continued to rise, accounting for the whole prices of Enhance the proportion from 54.7% to 79.7%.

Robotaxi will not be anticipated to be commercialized till 2026

As well as, Ruqi Journey has additionally suffered a lack of greater than 600 million yuan up to now three years, with a complete of as much as 2 billion yuan, primarily because of the earnings prices excessive earnings they incur by increasing their geographic space and buying new clients within the early levels of enterprise growth. Nevertheless, Ruqi Journey’s “most essential factor” is the autonomous taxi enterprise (Robaxi). On the finish of final 12 months, a complete of 281 Robotaxi autos had made it to the platform.

Ruqi Journey stated within the preview that there are alternatives for disruptive innovation within the wave using trade Robotaxi is anticipated to attain mass commercialization round 2026, and the associated fee per kilometer of Robotaxi is anticipated to be extra decrease than that. of on-line group using providers. Nevertheless, the group’s Robotaxi enterprise is much from being commercialized From 2021 to 2023, the earnings from different providers comparable to Robotaxi providers, using providers, advertising and marketing and promotion providers was 7.276 million yuan, 4.812 million yuan and a couple of million yuan respectively. , the earnings shares had been solely 0.7%, 0.3% and 0.1% respectively.

Huatai Securities additionally believes that Robotaxi should be an inevitable long-term transfer. As security officers steadily transfer from major monitoring and co-pilot to distant management, the standard “driver” will now not exist. on 7 million riders.

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2024-05-24 22:00:00
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