Tencent is playing a big game behind the second largest shareholder of Weilai auto?

category:Finance
 Tencent is playing a big game behind the second largest shareholder of Weilai auto?


The first quarter loss narrowed 44% month on month and soared 84.42% in the past month

On May 28, Yulai released its financial report for the first quarter of 2020, with a total revenue of 1.37 billion yuan, a year-on-year decrease of 15.9%. The operating loss was 1 billion 570 million yuan, 44% year-on-year and 40% year-on-year.

However, the gross profit of vehicle sales in the first quarter was negative 7.4% and that in the last quarter was negative 6.0%, mainly due to the year-on-year decrease of vehicle delivery during the epidemic. However, with the control of the epidemic, the delivery capacity of Weilai has gradually recovered. In March this year, the delivery volume of Weilai increased by 11.7% year-on-year and 116.8% month on month, which exceeded the market expectation.

Li Bin, founder of Weilai automobile, said that in May this year, Weilai delivered 3436 vehicles, which also set a new record in the history of delivery. This shows that during the epidemic period, the preference of high-end passenger car users for electric vehicles has increased, which is highly related to the change of user behavior caused by the epidemic.

Leading the consortium to invest more than 10 billion yuan in the next game of Tencent

Before subscribing for Weilai ads, Tencent successively invested heavily in two other Weilai Department companies.

Many voices in the market think that Tencents leading privatization of e-Car is actually intended to be e-Xin, a subsidiary of e-Car. Yixin group used to belong to the auto finance business department of e-car.com, mainly engaged in financial transaction services, including providing transaction services for auto dealers, providing auto Internet finance platform services for consumers, banks, auto finance companies, insurance companies and other financial institutions. At present, Tencent has held 20.58% of the shares of e-Xin. Shortly after the formal signing of the privatization agreement with e-Car, Tencent also further increased the code of e-Xin. It shows Tencents attention to the automobile industry in the aspect of counter investment in the low period of the industry. Public information shows that Tencent has a wide range of layout in the field of automobile, including automobile manufacturers, automatic driving, Internet of vehicles, Internet travel, automobile services, etc. Source: Zhong Qiming, editor in charge of science and technology innovation board daily_ NF5619

Many voices in the market think that Tencents leading privatization of e-Car is actually intended to be e-Xin, a subsidiary of e-Car. Yixin group used to belong to the auto finance business department of e-car.com, mainly engaged in financial transaction services, including providing transaction services for auto dealers, providing auto Internet finance platform services for consumers, banks, auto finance companies, insurance companies and other financial institutions.

It shows Tencents attention to the automobile industry in the aspect of counter investment in the low period of the industry. Public information shows that Tencent has a wide range of layout in the field of automobile, including automobile manufacturers, automatic driving, Internet of vehicles, Internet travel, automobile services, etc.