When Little Ma heard about this, he couldn't help but let out a few curses. It was unclear whether he was cursing Chen Yansen, Li Yanhong, or both of them.
But Fast Taxi's market performance was a pleasant surprise.
With average daily orders exceeding five million and a transaction volume of 140 million yuan, the platform's annual turnover could reach 50 billion yuan.
By then, Fast Taxi's valuation would soar to between 8 and 12 billion US dollars. If they could defeat DiDi Dache, it wouldn't be a stretch to optimistically estimate a valuation surpassing 12 billion US dollars.
In other words, the value of the equity held by Penguin would skyrocket from the initial 130 million US dollars to 900 million US dollars, a 592.3% return on investment.
What Ma Wenteng could figure out, Ma Liyun, Zhu Xiaohu, Yu Heng, and the others could naturally figure out as well.
