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携程网和艺龙网

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携程网和艺龙网携程网和艺龙网 携程网和易龙网模式及其发展的简单分析 创立时间: 二者同为1999年5月 创业团队/创始人, 携程网:梁建章 ,IT行业海归背景, 沈南鹏 ,沈南鹏,耶鲁大学MBA,曾任德意志银行亚太区总裁, 范 敏 ,曾任上海旅行社总经理, 季琦,曾创办过许多高科技企业,拥有丰富的管理和销售经验) 易龙网:唐越,华尔街7年投行职业背景, 收入来源: 携程网:酒店客房预订一直是携程的主要收入来源 ? 2001年曾达到93.5%的份额。由于机票预订服务以更快的速度增长,酒店订房收入的比重有所下降但仍是绝对的“主...
携程网和艺龙网
携程网和艺龙网 携程网和易龙网模式及其发展的简单 创立时间: 二者同为1999年5月 创业团队/创始人, 携程网:梁建章 ,IT行业海归背景, 沈南鹏 ,沈南鹏,耶鲁大学MBA,曾任德意志银行亚太区总裁, 范 敏 ,曾任上海旅行社总经理, 季琦,曾创办过许多高科技企业,拥有丰富的管理和销售经验) 易龙网:唐越,华尔街7年投行职业背景, 收入来源: 携程网:酒店客房预订一直是携程的主要收入来源 ? 2001年曾达到93.5%的份额。由于机票预订服务以更快的速度增长,酒店订房收入的比重有所下降但仍是绝对的“主营业务”。 ? 2003年前9个月,携程的酒店订房收入达9550万元,占总收入的85.8%。 易龙网:客房预定和机票代理 ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain 经营业绩, 携程网:1999—2001年 亏损很大 2000年收入691万元, 亏损 2001年达到4638万元,亏损 2002年营收突破1亿元,净利1423万元 2005收入5.56亿元,净利润2.2亿元。 易龙网:2004年同期只亏损了72.3万元。 2005年第三季度的亏损高达4050万元 融资情况, 携程网:?1999年5月,携程公司正式成立,注册资本200万元,股东分别是梁建章、沈南鹏、季琦。猎头.公司成立一个月后,范敏加入。 ?1999年10月,依靠一纸10页的商业计划以及一个完美的团队组合,梁建章赢得了IDG第一笔50万美金的投资,正式将自己的网站业务模式定义为携程旅行网。 ?1999年11月,网上预订系统启动,此时,包括IDG、软银、晨兴集团、兰花集团等多家机构向携程进行了第二轮投资,总金额达450ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain 万美元。虽然两轮投资共500万美金,但所占股份却不超过30%,携程网作价高达1600万美金。 易龙网:? 1999年5月,在互联网热潮下,唐越,带着圈来的100万美元种子资金,与携程在同年同月注册了e龙公司。 ?1999年10月,定位于城市生活资讯服务的eLong.com在北京开始运营。 ?2000年1月,“本钱”就已花得一分不剩。 ?2000年3月,在互联网泡沫破灭之前,唐越将e龙以6800万美元的高价卖给Nasdaq上市公司Mail.com。猎头公司.新公司得到2200万美元的注资,唐越留任这家改名为Asia.com的公司,“烧钱”提速到每月200万美元,并进行了多项后来唐越被称为不成熟的收购。 ?2001年,互联网的冬天降临,没有造血能力的e龙面临再次被出售。 ?2001年5月,唐越联合几位投资人注册成立e龙(BVI),并通过这家公司以150万美元赎回了e龙。 ?随后,新e龙发行2000万普通股给投资人和高管团队,筹集了450万美金作为运营费用。 ?2003年8月,美国老虎科技基金以每股1.5325美元认购了978.7万股A类可转优先股,投给e龙1500万美金。其中1000万美元注ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain 入e龙,500万美元为旧股东套现,回购两年前重建e龙时发出的部分普通股,全部收回原始的投资。 ?e龙算“重生”,二次创业成功在望。但领跑的携程已经上市,其良好的业绩令e龙难以企及。深谙资本之道的唐越,为e龙找了一家大的战略投资者 ?2004年8月,全球第一大在线旅游商Expedia.com,好莱坞传媒大亨巴瑞?迪勒控制,的控股子公司IAC以5869万美元认购了1119万股B类优先股,5.25美元/股,,占e龙扩大后总股本的30%。酒店猎头.IAC出资的一半用于旧股东退出,以5.25美元/股,回购了401万普通股(原始股东净利超过2000万美元)和158万A类优先股,老虎基金收回829万美元,占一年前投入的55%,。更重要的是,IAC获得一项“选择权”,在e龙上市后转为高投票股,每股有相当15股普通股的投票权,,使其持有e龙的股权和投票权分别达到52%和96%。 ?2004年10月底,e龙在纳斯达克上市。此番IPO销售920万股普通股,包括724万股新发行股票和196万旧股(158.6万股为老虎基金所售)。e龙公司和售股旧股东分别得款4550万美元和1230万美元。至此,老虎基金完全收回一年前投入的资金,并持有662万股普通股,按约定由A类优先股转换而来,按当时股价这部分股票市值超过9000万美元,。而IAC的B类优先股则自动转为高投票权股。 ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain ?2004年11月11日,三家承销机构行使超额配售选择权,以每股6.75美元的价格售出138万股,按约定这近千万美元又流进了旧股东腰包。餐饮猎头. ?2005年1月27日,IAC行使了自己的选择权,以每股6.21美元的价格购入1736万高投票权股,代价1.078亿美元。至此,IAC付出近1.7美元,共持有e龙2855万股高投票权股,掌握96%的投票权。同时,e龙的旧股东以每股6.21美元的价格,将868万股普通股卖给e龙公司,算上最后这5390万美元,唐越等原始股东的净收益近7400万美元。 小结, 携程和E龙的背景、业务、发展路径都非常相似,类似孪生。且资本市场对e龙的投入远远大于携程。但几年运作中,携程保持并巩固了在业绩上的领先地位,公司前景一片光明。连年亏损的e龙在处境和前途方面与携程相去甚远,解读这种现象的关键在于两个团队的行事风格。 数据是最具说服力的,在资源利用效率和效益方面双双领先的携程团队尽显实干本色。在携程的梦幻给合中,具有15年旅游行业经验的范敏在在团队中的核心作用日益明显。如今范敏已经成为CEO,相信携程能在他的带领下继续保持激情、高歌猛进。酒店猎头公司.而e龙的创始人已经纷纷套现走人,新团队中有麦当劳,MCD,75.11,ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain +1.06%,来的、有新浪,SINA,51.13,+6.50%,来的,给人拼凑之感。这些人在原岗位上都很优秀,但没有范敏式的领军人物,战斗力有待关注。 如果说携程的创始人们热爱的是旅游电子商务,e龙的创始人们更爱的是资本。唐越率领的e龙创始团队,没有将e龙做成百年老店的打算,反而处处体现浓厚的投机色彩。e龙做什么、是否赢利、控制权在谁手里,他们都不太关心。他们关心的是e龙能否圈到钱或者能否卖个好价钱,特别是个人能获得多少实利。如今,e龙已是外资公司的中国子公司,创始人已成功套现并先后撤出e龙,留下职业经理人打点。 总之,携程在相当程度上仍属于创始人,管理团队是为自己干。而e龙管理团队只是雇佣来打工的职业经理人,这才是造成它们现迥异的根本原因所点。猎头网. 携程、e龙在旅行者和酒店、民航之间搭建了信息沟通平台。这种平台需用高密度的资金与技术堆垒起来,对后续竞争者是难以逾越的门槛儿。但是信息技术日新月异、公共电信系统日益完善,携程、e龙单纯充当信息“二传手”的好日子可能不长了。现在,很多地方打114就能得到酒店和机票预订服务。携程曾涉足酒店管理,后来做“减法”退出了这个领域,专注主业了。但从技术趋势看,携程要想做成百年老店还需做些“加法”。 ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain 对e龙来说,当务之急是如何在这个行业里活下去。居高不下的运营成本和被携程甩下一大截的业务量,让e龙的赢利征程更加艰难。在资本优势消失殆尽后,烧钱的日子尽管富丽堂皇,却非长久之计。 很抱歉,因为您在网易,NTES,38.38,+1.27%,相册发布了违规信息,账号被屏蔽。被屏蔽期间他人无法访问您的相册。 去帮助中心,了解如何重新恢复服务。 然后通过易龙网订宾馆,最后再查距我的面视地点有多远,我的面视地点为:中环康乐广场 8 号,交易广场一期 10 楼。也许中环是香港最繁华的地方,要不然宾馆不能这么贵,动辙 3000 元以上。易龙网不管用,最后通过携程网订了宾馆,英文名是 Wesley , ith. 3, fill embankment before base and completed the inspection and acceptance of works. 4, before the requirement level elevation sign layout according to the drawing, every nail on the level of a certain distance, elevation of forklift parts according to the design requirements set. 5, according to the site conditions determine the routes of earth-moving machinery, vehicles, and prior checks, reinforce and widen if necessary and other preparatory work. (B) construction processes and methods; 1, process: before filling, and statistics to the existing buildings and trees, the soil on the cave or on the surface of roots, trash and other debris to be cleared. 2, have the soil inspection work. Species of fill, size, check there is no debris, and soil moisture content control within the design range. Tier 3, fill casting: each layer thickness according to soil, density to determine requirements and equipment performance. 4, as needed when rolling, wheel (RAM) track lapping each other, prevent leaks RAM leakage. Aspect is high, filling segments. Each layer into slope-shaped seams, ground track about overlapping 0.5-1.0M, is less than the distance from the upper and lower joints 1M. 5, fill out the base surface, we will do the edge compaction quality assurance work. After the earth-moving, does not require trimming of the slope would be preferable to filling edge fill 0.5 m wide called slope rides on and shoot, wide filling 0.2m. 6, in machinery construction not rolling the filling position, manual blade filled with frog-type ramming machine or diesel hierarchical dynamic compaction-compacting. 9, rain during construction: (1) in the rain during embankment construction, we will be completed as soon as possible a continuous; face do not seek too large, hierarchical segment-by-film basis, important or special backfill, as completed by the rain. (2) in the rain at the time of construction, check all the rain
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