In recent years, Sun Zhengyi turned his attention to the artificial intelligence industry. Sun Zhengyi is an addict of artificial intelligence, and he firmly believes that the next era will be dominated by artificial intelligence.
Although Sun Zhengyi's $ 1000 billion vision fund has suffered too many setbacks in the artificial intelligence industry, it does not seem to shake Sun Zhengyi's determination to bet on artificial intelligence.
The reason why Sun Zhengyi invested in Cheng Wei's Didi Chuxing was that he took a fancy to the potential value of Didi in establishing an intelligent travel network.
Cheng Wei intends to realize intelligent transportation through "torrent landing". Then in the future, every car will become a terminal for collecting travel data, and the intelligent transportation network created by Didi will also become a data portal for the whole travel field like WeChat now.
We can also understand it this way. 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 Travel will be able to develop infrastructure in the field of artificial intelligence travel in the future.
Son, if you don't make a move, you have to bet heavily when you make a move.
Like investing in Ali, Sun Zhengyi invested heavily in Didi Chuxing and won the largest shareholder seat of Didi.
According to statistics, Softbank invested more than $654.38+0.2 billion in Didi before and after, becoming the largest shareholder of Didi.
Not only is Sun Zhengyi optimistic about Didi Chuxing, but the entire capital market also has high expectations for the future of Didi Chuxing. Many professionals pointed out that Didi Travel is likely to reach a market value of 200 billion US dollars in the future.
The idea is beautiful, but the reality is too cruel! Due to a series of storm events, the current market value of Didi Chuxing stays at11.1.60 billion US dollars.
We can understand that Sun Zhengyi's investment in Didi has exceeded $654.38+0.2 billion, but now the market value of Didi has not reached $654.38+0.2 billion, which means that Sun Zhengyi's investment in Didi in recent years can be said to have exhausted the time cost and has not achieved substantial return on investment.
Because Sun Zhengyi invested in Didi Chuxing, many netizens said that Didi Chuxing is a company without a moat, or that there is no moat in the online car industry. Is that really the case?
As a light asset company, Didi Chuxing has 654.38+03 million drivers and hundreds of millions of users. In terms of business model, Didi's business model is still excellent.
It is said that there is no moat in the online car industry, so why is Didi Chuxing still the largest online car company in China when Meituan, T3 and Cao Cao engage in online car subsidies on a large scale?
Are all capital letters fools? If you can use money to create another Jingdong Logistics and Didi Chuxing, why is there no capital willing to invest now?
Didi and Meituan are both growth companies in the era of mobile Internet. Meituan needs a lot of capital investment, and a large number of riders bring labor costs and management costs. Didi is completely a light asset strategy, simple and amateur, and its profit model is clear.
In this contrast, Didi is currently better than the business model of Meituan. Therefore, don't deny excellent companies in an industry just because there are problems in it.