PP Car CEO Zhang Bingjun: Wang to us how an angel investorLei Jianping June 2 reported in China, to travel around the field is the formation of a huge car market, which both hit the car, car, car ride there. In the car field, in addition to China Auto Rental has listed a car rental Hi, there is a P2P car model is quietly rising. P2P car model can up big reason is the use of a shared economic characteristics. Many cities high rate of private cars idle resources, a waste of Nike Lebron 11 Elite resources, and through P2P Car mode, private car business to enhance the utilization of 10% to 50% of commercial vehicles. Car P2P has several business areas, PP Car is one of them. PP Car CEO Zhang Bingjun accept Artesyn Technologies interview, said, P2P Car market development process is to find and create demand, P2P car rental market may also bigger than the traditional car industry. Zhang Bingjun said, Nike Zoom KD V had cut into the field of P2P car three reasons: 1, the market is large enough; 2, entrepreneurial team has enough strength to do; 3, have a large enough value to society, and can be solved P2P car rental and private cars are waste problem. Compared to China Auto Rental and other heavy mode, P2P car features are: it does not buy the vehicle, but the use of shared economic, the vehicle their prices 30-50% cheaper than a traditional car, in addition, private cars in crowded, there are high coverage, Take the nearest car convenience. It is based on P2P car rental industry outlook, we have a group of experienced industry professionals to see this trend. Early on, the next potential capital ROADS PP car rental, where to CEO Zhuang Chen Chao, founder of Wang Womens Nike Kobe VIII and other US corporations become PP Car angel Cheap Nike Free Outlet investors. He Wangxing PP Car is able to angel investors? ZHANG Bing-jun said that there are three reasons: 1, are the alumni; 2, Wang optimistic about shared economic model; 3, PP Car team learning ability and stamina, Wang also willing to do the PP rental business mentor. The business mentor Wang has done very competent. PP had actually called the car rental exchange, C-jun Wang Zhang said the name associated with the car too wide degree, after consumers do not know what the car is doing sinks, and P2P is a personal representative of the individual. \u0026 Ldquo; called P2P Car name and a little longer, then decided to call PP car, so that the most simple and direct. \u0026 Rdquo; ZHANG Bing-jun said that one night, myself and Wang talked about in the middle of the night after Beiyuan two hours, the final decision will be named PP rental company name. Why can fire up the field P2P car rental why P2P hot market? Also that the Chinese people's living standards improve, driving hot, more and more people are keen to Women Lebron Hyperdunk 2013 drive. Real contradiction is that, Chinese social infrastructure can only accommodate 3 million cars, are not allowed to buy a car per car to meet demand. Greater paradox is that the limit line policy is exacerbating the car supply and demand of Chinese mega-cities in 2015, a total of eight cars HPR cities: Beijing, Shanghai, Guangzhou, Guiyang, Shijiazhuang, Tianjin and Hangzhou, and Shenzhen. Chengdu, Chongqing, Qingdao, Wuhan and other five cities the possibility of the existence of car restriction policy implementation. This makes a great number of people may not have qualified to buy a car, travel problems must be resolved by way of rental, while the other group with a car qualified and have a vehicle, but also has a number of vehicles, some people travel by car is only It is two kilometers out to buy food. How to meet all requirements to a greater extent? P2P car model just to link this contradiction, it can not only make a car people will drive shared out, get objective benefits, but also allow people to solve no car travel problems. Current, PP Car main user groups are 25-35-year-olds, male-dominated, Nike Air Jordan 9 which is the group of people most in need of car. Real problem is that some users do not want to constantly change, but only adhere to long-term renting a car, how to solve this problem? Zhang Bingjun Artesyn Technologies, said Ye Hao solve this problem, both the PP Short Term Car platform model, there are long-term lease model. Both models have preference crowd. The need for long-term lease car maintenance, car washing needs, Nike Air Max if the vehicle fails the need to repair, rental costs will be high, the characteristics of short rent is the choice of different models for hire. C-jun Zhang said that most people tend Short Term Car PP. In addition, many Air Jordan Outlet people regarded as the car baby, preferring the car empty, I do not want to rent the car, how to solve this problem? C-jun Zhang admitted that the current stage, did not everyone is willing to own rental car through P2P platform for lease. Nike Air LeBron EE PP Car 2012 survey showed that 17% of the owners are willing to rent out the car. March 2015 Horizon Research survey data, and if the family car for a long period, 55.5% of respondents were willing to idle through the network platform to rent out the car, has risen quickly. ZHANG Bing-jun said, \u0026 ldquo; China has billions of dollars of private car ownership vehicles. With the boost Chinese private car ownership in the future even if only 5% to 10% are willing to rent a vehicle, it is 5 million to 10 million, better than the traditional vehicle leasing industry 300,000-500,000 holdings to be more. \u0026 Rdquo; PP rental data based on the information provided, as of February 2015, PP Car over 500,000 registered vehicles, an increase of 100 times; the Divine, a hi earnings data show that China Auto Rental has 7.2994 million vehicles, a car rental Hi about 20,000 vehicles. PP Car boasted, the number of over Nike Air Max 2011 one million tenants, P2P car rental market is bigger than the entire traditional rental market. C-jun Zhang also revealed that, during the 2015 Spring Festival PP Car On Jordan CP3 VI Order has more than a car rental Hi, recently peak of orders in Beijing China Auto Rental 80%. The orders, with China and a Hi seven or eight years time, PP car only a year and a half. Car safety monitoring vehicle location to ensure In fact, many people prefer the car is not willing to empty the car rental, on the one hand they are afraid of the vehicle by other people dirty, damaged, on the other hand, is afraid of vehicle theft, in reality, also occur such a thing, PP Car problems and how to solve these concerns? PP rental scheme and a number of insurance companies to jointly design P2P insurance products, to ensure that users and private owners of property and personal safety. For example, PP Car Rental Car Insurance provided by the Chinese People's Insurance (PICC) 100 万 P2P car rental insurance. As a rule, due to the dangerous condition after the tenant liability, the amount of claims borne by insurance companies, the subsequent processing by the PP rental process, at the same time, PP Car Hire can also provide assistance Nike KD VI Elite AXA and other internationally renowned companies nationwide 24/7 roadside assistance services. To further reduce worries tenants and car rentals, and C-jun Zhang said that after escape from danger, PP Car can provide a full range of services after the car accident, repair, claims, all links without user involvement, tenant owners simply wait for the results reassuring. Owner of the vehicle when the accident occurred during the rental, for small accident, PP Car depreciation in proportion to give compensation. If a serious accident resulting in maintenance costs account for more than 50% of the value of a new car, the priority negotiation scrapped vehicles, accident compensation from the former platform used car residual values. In terms of risk control, the tenant authentication, PP Car and Traffic Management Bureau and the Public Security Bureau data docking, to the security alliance CUP founded, and with the national Certified Internet access to large credit decency cooperation data were screened to ensure that internet users quality. On this basis, combined with senior people from the Public Security Bureau, the financial sector, the insurance industry and other risk control industry, create a user evaluation system, from the identity of a suspicious nature, aspects of credit history, performance capabilities, connections, etc. to assess the full range of tenants . PP will be installed in the car's interior through the audit a smart box, controlled by the wind and the security team 24 hours real-time monitoring vehicle location, there is an exception to do the first time response. In addition, to strengthen community mechanisms by the owner, user interaction between assessment, scoring, the docking mechanism for multi-party credit review and analysis of large data and other suspicious movements to build PP Car security system, to reduce the risk. Zhang Bingjun of Artesyn Technologies, said, genuinely find stolen vehicles and other issues, PP can be combined police car, the first time to recover the vehicle, and the joint public security system to deter. There are criminals who steal vehicles, eventually to be sentenced. Why P2P car in China than in the US, rapid development PP Car profit model mainly three categories: 1, Car into; 2, insurance; 3, around the car, travel, creating an open platform for automotive vertical areas, such as may be Nike Air Jordan 4 Women involved in the latter part of PP Car Ads , car repair, maintenance, car washing and other automotive after-market. From the current perspective, profit is not the most concerned matter Car PP, PP Car continues to receive support from the capital markets. Statistics show that in March 2013, iCarsClub (PP Car in Singapore company name) to get Red Dot Ventures totaling $ 482,000 seed investment; in June 2014, PP Car claiming completed A $ 10 million round of financing from Sequoia capital, capital clean clear both institutional investors and potential capital ROADS, where to CEO Zhuang Chen Chao, founder of the US group net Wang et angel investor both; November 2014, PP Car claiming completed $ 60 million B round of financing , jointly invested by IDG Capital and Morningside Ventures. PP car rental companies like American relayrides, getaround. Financing, PP Car rapid development than their American counterparts. In June 2014, RelayRides is eligible for $ 25 million B round of financing, led by a cast Canaan Partners, August Capital, Google Ventures and Shasta Ventures with Nike Lunar Hyperdunk Low the cast. So far, RelayRides financing totaling $ 44 million. November 2014, Getaround eligible for $ 24 million B round of financing. Existing investors Menlo Ventures, SOS Ventures and Triangle Peak Partners also participated in this round of financing, Getaround total financing to date amounted to $ 40 million. The main reason for Chinese P2P Car market faster than American Development points: 1, China is the largest national automotive supply and demand. Restricting the number of make all kinds of needs are not met. 2, the world's largest mega cities in China, greater population density and density of vehicles for car-sharing in development. 3, Chinese acceptance of a new model for higher and higher, and faster and faster. Such as a mobile car (taxi, car, carpool). 4, car and house are different: the rental field, has the presence of a large number of lines intermediary, and may rent the entire month, the rental market is largely split line. The rental car had no outlet, rental affordability is relatively good. Under the current circumstances, once P2P car market matures, there must be a lot of competitors reached similar drops a taxi, car rental and other rivals China may be involved. P2P car and ride these hot models, there are some competitive. In this regard, Zhang Bingjun said a taxi in the average monthly frequency of 9 times. Car seize P2P users time and scene density is relatively low, obtain the user's speed will be a lot slower compared to a taxi from the growth point of view, P2P Car single volume growth will be slower than the car, carpool. \u0026 Ldquo; P2P car rental is hard to force mode, do badly. Pull links from the owners, Nike Air Total Foamposite Max it will bring a lot of cars to strangers meeting concerns: an insured accident how to do? Can you help me solve? How the safety car like? Owners worry much larger than the carpool mode. \u0026 Rdquo; however, Zhang Bingjun that, although the PP Car mode from slow volume, but as long as the build up to let the owners assured brand recognition, guaranteed the ability to insurance and risk control, the products meet the convenience, price and choice of owners and tenants the diverse needs of advantages. In this case, the model can be built up to double the size advantage equivalent to the taxi industry built up ten times the size advantage, this mode by short-term money-burning is not quickly realize, is very high barriers to competition, to paraphrase the old saying \u0026 ldquo; hard money, for thousands of years \u0026 rdquo ;. \u0026 Ldquo; PP Car has built a solid enough barriers to competition. \u0026 Rdquo; ZHANG Bing-jun said, PP Car will be used to run a marathon attitude to face market competition.