At the two national conferences not long ago, the smart car became the key word for a lot of representative committees proposing proposals, and there was no shortage of "star members" such as Baidu chairman Li Yanhong. Among them, Li Yanhong proposed in the proposal that the State should do top-level design and scientific planning for the research and development and industrialization of unmanned technology, and formulate and improve unmanned-related laws and regulations and technical standards; another “star member†“Li Shufu, chairman of Geely Group, also pointed out in the proposal that it should prudently open up maps to accurately map and reduce barriers to the development of autonomous driving technology. In addition, some deputies suggested that laws and regulations be formulated in terms of safety standards for smart cars, and that they hope to create a good environment for the development of smart cars through top-level design.
After the two sessions, the topic of smart cars continued to heat up. First, Intel announced that it had acquired a huge sum of US$15.3 billion to acquire Mobileye, Israel’s pioneer in autonomous driving technology. Recently, some media have also revealed that DDT Travel is preparing to accept Softbank’s $6 billion financing to expand its R&D capabilities in self-driving car technology. It can be said that smart cars have become a new battleground for the Internet giants to fight.
Internet giants enter the field of smart cars
In fact, in addition to Intel and Didi, many well-known companies in the Internet technology circle have also been involved in the smart car industry early, including Google, Apple, Uber, etc., as well as domestic Internet giants such as Baidu, Ali and LeTV. . All sorts of signs indicate that smart cars are becoming the next hot area that Internet technology companies are rushing to invest in following smart phones. In this context, the actions of US-listed company Netqin in the field of smart cars over the past few years have also been captured by keen investors.
Netqin’s latest 2016 full-year financial report shows that in the fourth quarter of 2016, R&D expenses, excluding Guoxin, increased R&D expenses by 34.7% year-on-year. Non-US GAAP R&D expenses increased by 43.3% year-on-year, mainly due to Atom Technology. Caused by business.
NetQin is China's first mobile Internet company that successfully landed on the United States New York Stock Exchange. It has long been rooted in the mobile Internet market and has a clear understanding and accurate control over the development of the industry. For example, in the aspect of webcasting, 2016 can be said to be a year of live broadcasting, and many Internet companies have joined the live stream. Prior to this, in 2015, NetQin began to deploy webcast business, launched the show and gained considerable development afterwards. In the third quarter of 2016, netqin mobile value-added service revenue reached 54.9 million US dollars, an increase of 74.6% compared with the same period in 2015, of which the growth rate of real-time mobile social video platform revenue reached 82.2%, effectively supporting the performance of netqin. increase.
The next question is whether it will be a big investment in advance. Will smart cars, like webcasts, become another growth point for NetQin's performance?
Smart car will become the focus of new business
The success of NetQin's real-time mobile social video platform is in part inseparable from the rise of live webcasts. What about the smart car market? In 2016, China's auto production and sales volume achieved year-on-year growth rates of 14.46% and 13.65% respectively, reaching 28,118,800 units and 28,022,200 units, and the country’s car ownership is still increasing. On the other hand, the owners of car owners are gradually becoming younger and have higher acceptance of smart cars. All of these provide a large user base for the development of the smart car industry. According to third-party research data, the annual sales of global smart network technology will increase threefold in five years, from 47.2 billion euros in 2017 to 140 billion euros in 2022.
In the rapidly developing market environment, the strength of the enterprise itself determines its future development potential. According to public information, Linkmotion is a Sino-Finnish joint venture company dedicated to the R&D and design of intelligent vehicle platforms, providing vehicle networking technology solutions. Currently, Linkmotion has provided successful software development and solutions for many Fortune 500 customers. Its customers include well-known car manufacturers in Europe, America, Japan, and other top sports car brands in the world, such as Lamborghini and Ferrari. They have accumulated rich practical experience for NetQin. The development of smart car business has laid a solid foundation.
Netqin IR, vice president and vice president, said at NetQin 2016 financial report conference call, “For the smart car market, the market for providing mobile security software platform system has only just begun. Smart car market is huge, this market No longer just cars, existing infrastructure and companies are more traditional and inflexible. We believe that in the near future, all new cars will be smart. To a certain extent, it is a bit like desktop In the PC world, before smart phones really thrive, this is an opportunity that is placed in front of every mobile phone company. At the beginning, we had insight into this and founded NetQin Mobile. Today, we once again gained insight into the opportunities we believe in the automotive industry. In the field we will also welcome a bright future."
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