Jingdong Logistics is going public! What are its implications for the industry?

I noticed that Jingdong Logistics went public with huge losses, and is likely to still get a large valuation at this point in time, given the skyrocketing price of Internet shares.

So this IPO is essentially another deep blow from a new tech company to a company in a traditional industry, telling us that the old way of playing the game doesn't work.

Its listing reflects a triple significance:

1, the traditional industry market more and more quickly by the power of science and technology capital to eat;

2, the evening of the big money has become a fashion, as long as the famous will be rich;

3, the listing of inevitable The company's management has become a means of cashing in on the market!

It's okay to lose money, as long as you know how to package

From the listing statement, Jingdong Logistics as when Jingdong the same money loss!

In 2020, Jingdong Logistics lost a record 2.27 billion yuan in the first nine months, with sales revenue reaching 49.5 billion yuan.

Although it is a loss, but it does not matter, its revenue is still several times higher than the second logistics company, it can be said that the main big customer of Jingdong Logistics is Jingdong, Jingdong self-owned is already the first in the country, logistics can not be more?

Such a heavy reliance on major shareholders, accompanied by a huge transfer of benefits, it can be said that the delivery price of Jingdong uplift a percentage point, then Jingdong Logistics can turn a loss into a profit.

It is important to know that Liu Qiangdong in Jingdong, as a result of the adoption of the partnership system of gold shares, although his shareholding is only 15.1%, but has 78.5% of the voting rights, then how much should be given to the Jingdong Logistics, how much the price is, completely by the East said.

In turn, Jingdong Logistics, the major shareholder of Jingdong Holdings, registered in the Cayman Islands, holding more than 75% of the Jingdong Logistics, in which Liu Qiangdong occupies a stake should be much higher than 15% it.

I don't believe that he would give a lot of shares to his "brothers"!

Then, once Jingdong Logistics, which relies on the Jingdong Group, goes public, it will surely create a new richest man.

The last time Jingdong Health listed market capitalization of 300 billion, Dong already do not know how much he earned.

This time Jingdong Logistics listed, I do not know how far he has to advance.

Anyway, you get on the stockholders to pray that he less cash, I see this valuation is not low.

Just the original Jingdong Group listed in the United States, and did not hear how many shares of Jingdong Logistics, poor shareholders of the American people!

Today, the Jingdong medical board was dismantled,

Tomorrow, the logistics board was dismantled,

It is said that there is also the Jingdong cloud!

This play and the year when Ma Yun from Alibaba out of Alipay as the same, the current Jingdong Technology Group Corporation by the U.S. listed jd.com holding 100%, completely incubated by it, just after the listing, a variety of dilution, or new financing, it is estimated that slowly turned to the The management of the company is in the hands of the management.

What's more, the Hong Kong market,

Really, it's a lot of money.

Originally placed in the Jingdong Group, logistics this piece of reputation is not obvious, and now if the Hong Kong market blowing up into a 300 billion, but also can not,

more than, maybe 500 billion!

Anyway, the Hong Kong stockholders do not read the statements, only recognize the Jingdong, they thought the Jingdong to Hong Kong listed it.

Look at it this way, 500 billion is not a dream, more than the U.S.-listed Jingdong Group and how.

Great!

The traditional economy is really unbeatable on the power of the Internet

Although Jingdong Logistics lost more than 2 billion!

Although it is listed mainly to circle money!

But I have to be optimistic about it!

Because people's mouth to mouth infusion, sales orders are just more ah!

No one can deny it!

Look at the following comparison between Jingdong and other domestic logistics companies to know:

Look at this table, Jingdong's warehouse area is 5 times the second, the revenue is the second two times, the market share is also two times the second!

Let's say second place is SF Technology?

Today Shunfeng Technology's closing price of 116.47 yuan, the market value of 523 billion, as of September 2020 sales revenue of 109.6 billion yuan ah, not the so-called 19.5 billion yuan in the Jingdong prospectus.

This is a bit false.

Of course, SF's 109.6 billion revenue, not just logistics revenue, SF also has e-commerce, there is a nest of what well, so the professionalism of SF logistics should not be compared to the Jingdong logistics.

Even so, Jingdong gets half of SF's valuation, but also more than 300 billion Hong Kong dollars!

Plus Jingdong's brand premium, and tech premium.

I think Jingdong's market capitalization after listing should be more than HK$500 billion!

This is the power of the Internet!

The technological strength of Jingdong Logistics

In fact, with a solid market share, technology and other things are not a matter of fact, Shunfeng and Chopin will not be these logistics high-tech.

As long as the technology is not overwhelming, it is just icing on the cake!

But Liu Qiangdong is used to boasting his own technology, IT, and is willing to give his own company gold, but also a lot of creativity.

Not to say that it is stronger than the bird, but it is still a lot stronger than SF.

Just looking at Jingdong's FMCG solution, it includes leading omni-channel inventory management, optimizing inventory based on business needs, shelf-life monitoring, multiple intermodal transportation, just-in-time delivery (which has to be praised here), dynamic inventory based on forecasting, bonded warehousing, and other features.

The logistics chain of home appliances, but also Jingdong's specialty!

In my shopping experience, Jingdong logistics is the core guarantee that Jingdong builds branded e-commerce, and its overall user experience and efficiency, compared to SF, is still stronger than a chip.

So, the listing of Jingdong Logistics can be regarded as an IPO of China's top logistics company, and if it is expected in the future, more than 500 billion Hong Kong dollars is also expected, and if it is less than 300 billion, I may have to buy a handful of them as well!

Though it is loss-making, Qiangdong is still more credible!

If Jingdong Logistics can reach a valuation of HK$500 billion, I'm guessing that Jingdong Holdings in the US will also go up.

Even if diluted to 70% of the shares, that's a stock value of 350 billion, or about $50 billion.

Now Jingdong's total market capitalization is also 161.2 billion U.S. dollars, it seems that the U.S. market has long predicted this listing, from December 18 to the present, has risen 30%.

First up!

To summarize:

The listing of Jingdong Logistics subjectively speaking is to take advantage of the east wind of the Internet surge, from the Jingdong divestment of the listing, the better to enhance the market value of the whole group, and to give the executives more opportunities to cash.

Objectively speaking, Jingdong, whether from the strength of technical services, and market share, have a double advantage, is expected to become the first big share of logistics.

The old industry giants will eventually go away!

Rookie not out,

Who compete!

Who will compete?