At that time, Masayoshi Son became "famous" around the world because of his investment in Alibaba's Jack Ma!

In the Internet era, Son’s investment is undoubtedly successful.

In recent years, Son Zhengyi has set his sights on the artificial intelligence industry.

Masayoshi Son is a fan of artificial intelligence. He firmly believes that the next era will be dominated by artificial intelligence.

Although Son’s $100 billion Vision Fund has suffered too many defeats in the artificial intelligence industry, this does not seem to have shaken Son’s determination to bet on artificial intelligence.

The reason why Son Zhengyi invested in Cheng Wei’s Didi Chuxing was essentially because he saw Didi’s potential value in building a smart travel network.

Cheng Wei plans to realize intelligent transportation through "flood landing".

Then in the future, each vehicle will become a travel data collection terminal, and the intelligent transportation network built by Didi will become the data entry point for the entire travel field, just like WeChat today.

We can also understand that in Sun Zhengyi’s view, Didi Chuxing is not a pure Internet company. Sun Zhengyi regards Didi as an artificial intelligence company. He hopes that Didi Chuxing can become a player in the field of artificial intelligence travel in the future.

infrastructure.

Son is fine if he doesn't take action, but once he takes action, he will definitely make a big bet.

Just like his investment in Alibaba, Masayoshi Son invested heavily in Didi Chuxing and obtained Didi's largest shareholder seat.

Data shows that SoftBank has invested more than US$12 billion in Didi and is the largest shareholder of Didi.

Not only is Masayoshi Son optimistic about Didi Chuxing, the entire capital market also has high expectations for Didi Chuxing's future. Many professionals have previously pointed out that Didi Chuxing is likely to reach a market value of US$200 billion in the future.

The idea is beautiful, but the reality is too cruel!

Due to a series of turbulent events, Didi Chuxing's current market value remains at US$11.116 billion.

We can understand that Masayoshi Son alone has invested more than US$12 billion in Didi, but Didi’s current market value has not reached US$12 billion. This means that Sun Zhengyi’s investment in Didi over the years can be said to be exhausted.

Not to mention the time cost, no substantial return on investment has yet been achieved.

Due to Sun Zhengyi’s investment in Didi Chuxing, many netizens said that Didi Chuxing is a company without a moat, or that the online ride-hailing industry has no moat at all. Is this really the case?

As an asset-light company, Didi Chuxing has 13 million drivers and hundreds of millions of users. From a business model perspective, Didi’s business model is pretty good.

It is said that the online ride-hailing industry has no moat, so why is Didi Chuxing still the largest online ride-hailing company in China when Meituan, T3 and Caocao Travel are subsidizing ride-hailing on a large scale?

Are all capital fools?

If money can create another JD Logistics and Didi Chuxing, then why is there no capital willing to invest now?

Didi and Meituan are both companies that have grown in the mobile Internet era. Meituan requires a lot of capital investment, labor costs and management costs brought by a large number of riders, while Didi is a completely asset-light operation, amateurish and simple, with a clear profit model.

Such a comparison shows that Didi currently has a better business model than Meituan.

So, don’t deny excellent companies in the industry just because there are problems in an industry.