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Text Chapter 2271 The next company with a market value exceeding US$100 billion

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    uber!

    That¡¯s right, it¡¯s Uber, the taxi-hailing software company in San Francisco, California.

    In the beginning, Uber only operated in San Francisco, and its operating model could be said to be advanced or bizarre.

    The reason is very simple. It does not mean that Uber does not have its own operating car team and contracts with other drivers.

    It¡¯s because the drivers and private cars signed by Uber don¡¯t have any operating qualifications at all.

    I believe everyone knows about operating qualifications, that is, the government issues a photo to a company, allowing you to be qualified to carry passengers on the highway, that is, the taxi business.

    Cars without this operating qualification are illegal.

    After all, a photo taken from the government can cost as little as 200,000 to 300,000 U.S. dollars. In a megacity like New York, a photo taken can cost more than 800,000 U.S. dollars!

    You didn¡¯t spend any money to obtain operating qualifications, but you stepped forward to compete with other people¡¯s taxis. What is this called?

    In China, it is called wild. You will be caught by the police, and your car will be impounded with a fine. The punishment is very serious.

    But a strange thing about American law comes out, that is, they acquiesce in private transportation, especially during congested times and congested road sections. They also advocate the use of this method to reduce traffic congestion, reduce energy waste, and improve people¡¯s travel.  Create good conditions.

    As for how to distinguish between carrying passengers along the way and malicious competition, there are no clear regulations in U.S. law, and even local governments in the United States will deliberately avoid this issue.

    Xiao Qi knew that in his previous life, the mayor of Chicago openly called on people to use Uber, which completely missed the mark.

    Because compared to the losses and troubles caused by the city's super congestion, the mere number of private cars carrying passengers is nothing.

    Even according to the auto insurance regulations in the United States, private vehicles cannot be used for commercial passenger purposes.  Otherwise, you will face penalties for canceling your insurance.  ¡ª¡ªBut in real life, any insurance company that dares to do this will definitely be directly bombarded by all public opinion!  Because in everyone's mind, private commercial passenger transport is a good way to ease traffic and reduce waste of resources!

    Therefore, insurance companies also adopt a tacit policy. Even when Uber has grown to such a large extent, they have never taken action on the cars of millions of Uber drivers.

    This is the loophole that Uber caught!

    No matter they sign up for a high-end customized ride-hailing service.  For example, BMW, Mercedes-Benz, Audi, Cadillac, etc.; it is still a general low-cost ride-hailing service. The drivers are ordinary people, and you do not need to be qualified.

    As long as you pass several audits by Uber and sign the agreement, you can join the Uber camp and start making money by carrying customers on the road.

    Since there are no complicated fees, even if Uber¡¯s 20% fee is added, the price of low-cost taxi services can be more than 30% cheaper than ordinary taxis, and sometimes it can be more than 50% cheaper!

    And Uber has strong technical advantages.  Their software system can dispatch vehicles very accurately. Basically, if there are no major accidents, the car will arrive in front of the users who call for a ride in about 3-5 minutes, and can meet the needs of the users anytime and anywhere. This is better than hailing a ride.  The service is much more convenient and fast.  ¡ª¡ªU.S. taxis cannot make reservations over the phone, and taxis cannot operate on the road at any time. This is another strange rule.

    Relying on these advantages, Uber quickly captured a group of megacities in the United States.  And it is actively operating in London, Berlin, Paris and other places, and the scale of operations will double every six months.  The valuation also increased rapidly. By the time Xiao Qi was reincarnated, their valuation had almost reached 10 billion US dollars.

    Out of optimism about Uber¡¯s prospects, many investment banks are extremely enthusiastic about Uber, hailing them as the next supernova company with a market value of 100 billion!

    If Uber were in China, it would definitely not be qualified to open a business.

    But in developed countries such as Europe and the United States.  In extremely congested big cities, they have a strong living space. Not only do the citizens support them, but many people in the government also support them. This is why they have been repeatedly punished and prosecuted.  In the end, most of them were able to escape smoothly and continue to grow and develop!

    Of course, Uber's success is not only because of its novel model, not only because they cater to urban development and the needs of the people, but more importantly because they have very excellent technology and management methods, which ensures that they become the number one in the world.  No one can surpass taxi-hailing software.

    Don¡¯t think that a small taxi-hailing software is not important. Think that it is just an app that connects two parties. At most, it is payment system binding, identity authentication, etc. It is not a big project. You can just find a few programmers in Silicon Valley.  do it.

      This is what the founders of Uber thought at the beginning.

    In terms of calculating car demand, ratio, positioning, etc., they initially used Google's free time algorithm. As a result, the calculated time had an error of more than 3 times. Users actually had to wait 10 minutes or more after requesting a car.  It takes a long time, which greatly reduces the timeliness and convenience, making the user experience very bad.

    To this end, Uber has built a team to develop its own algorithm, and has invited super experts in various fields to help design and improve this algorithm.

    The core requirement is how to connect countless moving points with the shortest line to form a complete chain, which is perfectly reflected in the Uber software.

    At first, such a requirement was considered unnecessary, a serious waste of money and time, but after a short adaptation period, this algorithm brought great convenience to Uber, and with increasingly complete data  As inputs and algorithms improve, estimated times end up becoming more accurate, and drivers become more efficient.

    In addition to this most important core algorithm, Uber has two other precise algorithms.

    The first is the premium algorithm. With its help, Uber will raise or lower prices at any time based on morning and evening peak periods, congestion, etc., thus prompting more drivers to carry passengers and allowing users to leave quickly.  .  This will alleviate this traffic congestion.

    At the same time, because of the premium system, Uber only charges 20% of the fee no matter how much it is, so the drivers will make more money.

    Not only that, in order to encourage drivers to use a good attitude to serve customers.  Uber has also added a reward model based on the premium algorithm, which scores drivers based on their service and performance, as well as the degree of implementation of various constraints and specifications, thereby determining the monthly bonus for drivers.

    This will promote the service awareness of drivers from another direction, allowing customers to have a good experience, so that they will not only continue to use Uber, but also recommend friends to use it.

    The increase in users will naturally increase the income of drivers.  As income increases, drivers' service awareness becomes better Under such a virtuous circle, it is reasonable for Uber to dominate almost all big cities.

    The second one is the automatic matching algorithm.

    This automatic matching means that after the user places the order, the system automatically searches and selects the nearest driver to go to, rather than after the user places the order.  Everyone is going to grab it, such an automatic matching algorithm.  It can completely avoid fierce competition and save drivers from being nervous all day long.

    The better the drivers¡¯ spirits are, the better their service attitude and quality will be.

    In addition, Uber¡¯s resolute no-reservation model is also commendable.

    After making a reservation, you suddenly say you don¡¯t want the car, causing losses to the drivers; or the drivers take the car because of you.  If you lose several hours of passenger time and opportunity, the cost will naturally be passed on to the users, so the cost will increase a lot.

    What¡¯s more, Uber¡¯s computing system is very advanced, and it can basically be reached by car in 3-5 minutes.  In this case, is it still necessary to make an appointment?

    ¡­¡­

    Thinking back on Uber¡¯s success and its future development, Xiao Qi suddenly felt a little excited.

    In my impression, Uber was established in 2009. It was not called Uber at the beginning, and they would not launch services until 2010. Xiao Qi could definitely start the company first.

    Most of the problems Uber encountered in his previous life were no problem at all in front of Xiao Qi.

    For example, funds are required to develop a product. Uber is perfecting it while it is online. After all, venture capital will invest only after you go online and see the results.

    But will Xiao Qi still be short of money?

    Another example is the core technology algorithm. Uber came up with these algorithms only after long-term exploration and summarization, but Xiao Qi knew from the beginning that he would directly find experts in Silicon Valley and several universities and spend a lot of money on them.  A software algorithm with a clear concept can be quickly put into use.

    Another example is the business model, how to avoid risks and troubles, etc. Xiao Qi will also do it well from the beginning. Moreover, he also has the top ten law firms in the United States - Mario Law Firm, which has enough support.  He went to court everywhere.

    But there is only one thing that is very regrettable.

    That is, Uber has touched too many interested parties, because it will break the monopoly of the rental industry, which will cause damage to the government that issues licenses, operating taxi companies, taxi drivers, etc., so this is why it has grown and grown.  Later, there were so many reasons for prosecution and restrictions.

      Xiao Qi is a Chinese, so it would be even less stressful for him to teach Uber a lesson.

    Therefore, Xiao Qi is destined to not be able to hold Uber alone. After it grows and even goes public, Xiao Qi can own at most more than 30% of the company's shares, which is already very good.

    The remaining company shares will be distributed to the major giants, allowing them to enjoy the benefits while also protecting Uber from wind and rain.

    There is strength in numbers!  (To be continued, please search Piaotian Literature. The novels will be better and updated faster!

    ps: Uber has been in a lot of trouble lately, and people are being banned from dating everywhere.  However, we can only wait and see whether it is good or bad. In a few decades, we will know whether it is suitable for this place
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