Life is good. After being turned against by LeEco, Yidao completed the three million goals six months ahead of schedule.

A few days ago, Yidao released a set of posters with the theme "Goodbye, we don't play anymore", which led to speculation that "Yidao has run out of money and is finished". Today, the mystery has finally been revealed.

Zhou Hang, founder and CEO of Yidao, joked: "Yidao is doing well. How can a company post posters when it is about to go bankrupt?"

Then he announced that Yidao's daily order volume had exceeded 1 million. So far, the three million goals set by Jia Yueting, chairman of LeEco, for Yidao at the beginning of the year, namely, one million daily orders, one million new drivers, and one million new vehicles, have been completed six months ahead of schedule.

So what is the story of Yidao's return to life from death?

The only example of the Internet industry's revival

Those who are familiar with Yidao know that after the private car war started last year, Yidao fell into a trough and was even on the verge of extinction.

But the turning point came in the second half of the year when LeTV extended an olive branch to it.

With LeEco’s 70% stake in Yidao at US$700 million last October, Yidao began a desperate counterattack. In the 246 days from LeEco’s investment to June 21, Yidao’s user base and market share continued to grow wildly, becoming the only legendary example of a comeback in the Internet industry so far.

"In the 246 days since LeEco acquired a stake in Yidao, its daily development has been breaking records. Now, with the achievement of 'one million daily orders', Yidao has completed its annual target of three million six months ahead of schedule." Zhou Hang also announced Yidao's latest data at the press conference: Yidao has a 30% share of the pure private car market, and its GMV (gross merchandise volume) has surpassed Uber, ranking second in the industry.

According to iResearch's latest monthly data, Yidao's total monthly usage in April was 46.213 million times, exceeding Uber by 8.1224 million times (Uber's was 38.0906 million times), and nearly 9 times that of Shenzhou Zhuanche. According to iResearch's latest weekly data, as of the week of May 30, Yidao's weekly active users were 2.3708 million, Uber's was 1.5929 million, and Shenzhou Zhuanche's weekly active users were only one-seventh of Yidao's.

Completing the annual target of 3 million ahead of schedule means that Yidao has grown rapidly from a small and beautiful company to a popular car-sharing service platform. It also proves that under the ecological synergy of LeEco, Yidao's unique advantages can play a greater role, and Yidao has the ability and strength to provide more users with a better car-sharing experience.

"Yidao wrote the first legend of resurrection in the history of Internet business in 246 days. From today, Yidao is no longer just the name of a company. There is a phenomenon that can be called 'Yidao' and a spirit that can be called 'Yidao'. I hope that all those who are striving to start a business in the cruel competition can 'fight like Yidao' and believe that a miracle will happen at the last moment." Zhou Hang said.

From Eco-Private Car to Eco-Private Car Yidao also has a Bagua diagram

When talking about LeTV, we cannot fail to mention the ecosystem. When talking about the ecosystem, what LeTV is best at is drawing the Bagua diagram. Similarly, Yidao is no exception.

The name change of Yidao Car Rental to "Yidao" bids farewell to the word "car rental", symbolizing the real beginning of Yidao's construction of an open shared car ecosystem.

"We said before that we would not play this game anymore because we wanted to move beyond the word 'private car' and say goodbye to traditional industry practices. We want to play with bigger things and create a bigger new world. This is Yidao's own ecosystem, and we call it: the shared car ecosystem," said Zhou Hang.

As a sub-ecosystem of LeEco, the shared car ecosystem that Yidao is going to build is in the same vein as the LeEco ecosystem, with the slight difference that the Yidao ecosystem consists of four links: "platform + service + application + terminal". The users of the Yidao ecosystem mainly include passengers and car owners, and it is based on the needs of these two parties to extend and build a shared closed loop.

According to the plan, in the future, Yidao's revenue sources will not only come from advertising and consumption sharing, but also from hardware sales, distribution, channel commissions, membership fees, financial income, etc. Membership is an important model for companies to obtain continuous cash flow, and it is also a necessary way to cultivate profit cows under the ecological gameplay. In LeTV's profit system, "membership" plays an important role, and it is also the backup confidence for founder Jia Yueting to shout "hardware is free". Yidao, which has been integrated into LeTV, will naturally continue this profit logic.

If you don't top up, you may regret it for the rest of your life.

For users, what we care most about is what kind of discounts we can enjoy in Yidao in the future.

Here we would like to remind you that the "how much you charge, how much you get back" promotion that started at the end of November last year only has ten days left.

This activity has been going on for half a year. It was with the help of the large-scale recharge refund activity that Yidao was able to quickly revive and achieve a turnaround.

In the past 246 days, the total amount of recharges has reached 5 billion yuan. In addition, through the coordination of LeEco's ecological resources, more than 150,000 LeEco super phones, more than 100,000 super TVs, more than 50,000 other ecological hardware, and more than 200,000 ecological service products have been sold. "This victory belongs to the users!" Zhou Hang said.

Now, this massive 100% recharge refund event will officially end on June 30. If you are also a heavy user of Internet car services, it is not too late to open your mobile phone to recharge.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.