资源描述
2019 22019.4 iResearch I C2C B2C 2B 2014 6 32019.4 iResearch I 8 22%2019 2018 16.8%3 25%2018 360.2 26.2%2018 CR4 81%C2C B2C C2B2C C2B+B2C 2019 41 2 3 4 52019.4 iResearch I 2019.4 iResearch I 2017 1.2.3.1992.0 2107.9 2442.1 2480.7 2352.9 1970.1 2114.6 2437.7 2471.8 2371.0 9.2%5.8%15.9%1.6%-5.2%9.0%7.3%15.3%1.4%-4.1%2014 2015 2016 2017 20182014-2018%1.1 1.3 1.6 1.7 1.9 18.5%16.5%24.4%7.6%11.2%2014 2015 2016 2017 20182014-2018%62019.4 iResearch I 2019 8 22%2017 34%2019 2108.8 2636.3 2916.5 3675.7 5535.4 6039.3 8092.7 8603.6 10517.5 25.0%10.6%26.0%50.6%9.1%34.0%6.3%22.2%2011 2012 2013 2014 2015 2016 2017 2018 2019e2011-2019%2 72019.4 iResearch I 2019.4 iResearch I9.2 9.4 10.4 12.4 13.8 36.2 38.3 38.5 39.2 39.5 8.6%2.4%10.3%19.4%11.4%1.2%5.6%0.6%1.8%0.8%2014 2015 2016 2017 20182014-2018%2 2018 1382 1 2.3 1:0.5 14%5.8%2018 2014 2018 2 Edmunds Edmunds 6.0%5.5%5.3%5.7%5.8%14.3%14.8%14.6%14.5%14.3%2014 2015 2016 2017 20182014-2018%82019.4 iResearch I 2019.4 iResearch I21882385275228132673120713461630188120587.7%9.0%15.4%2.2%-5.0%48.3%11.5%21.1%15.4%9.4%2014 2015 2016 2017 20182014-2018%175.8 183.2 211.5 257.3 287.0 23.4%4.2%15.4%21.7%11.5%9.0%7.3%15.3%1.4%-4.1%2014 2015 2016 2017 20182014-2018%2018 5 0.55 0.77 2017 5.7 92019.4 iResearch I 2019.4 iResearch I49.5 46.0 49.2 48.1 47.2 47.1 48.0 50.3 50.8 49.8 41.7 36.8 1 2 3 4 5 6 7 8 9 10 11 122018 2018 24 2019 2018 2019 50 6.1 5.9 5.8 6.5 6.2 8.2%-3.1%-1.2%12.4%-4.7%2014 2015 2016 2017 20182014-2018%102019.4 iResearch I 2012 2018 1.2.2018 2019 1.3 5.3 11.8 17.8 9.1 43.3 55.5 1920312437292012 2013 2014 2015 2016 2017 20182012-2018 IPO 112019.4 iResearch I 2019.4 iResearch I 2018 4.1 0.53 5 18 25 0.51 12.6%50 0.58 14.1%2018 90 3.0 3.3 3.6 3.9 4.1 8.2%8.4%10.0%6.9%6.2%2014 2015 2016 2017 20182014-2018%76.4%74.0%72.8%71.2%69.9%23.6%26.0%27.2%28.8%30.1%2014 2015 2016 2017 20182014-2018%122019.4 iResearch I Stage 1 Stage 2 CRM Stage 3 S3 C14S B1 B2 B3 B4 C2 1 2 3 1 2 3 C-B-C 131 2 3 4 142019.4 iResearch I 2019.4 iResearch I155.1232.7302.6378.2453.92017 2018 2019E 2020E 2021E2017-2021 3 25%2018 232.7 50.1%1147.6 33.8%25%2021 21.6%50.1%12.5%16.8%19.0%20.7%21.6%2017 2018 2019E 2020E 2021E2017-2021%152019.4 iResearch I C1 C2 BXBY B2B C2B B2C C2CC2B2C 4S/162019.4 iResearch I C C B C B APP 172019.4 iResearch I C2C C2C C2C-C2C C2C C2C C C2C C2C C2C 5-7 C2C C2C C2C To C C2C C2 C1182019.4 iResearch I B2C B2C B2C+B2C B2C B2C B2C B B2C B2C B C C B-B2C B B 192019.4 iResearch I 2B 2B C2B B2B 2B 2B To B C B C2B B2B 2B 2B 202019.4 iResearch I C2B2C C2B+B2C C2C C2B2C B2C/C2B C2B+B2C C B B C B C C C C C2B2C C2B+B2C 212019.4 iResearch I+O B B B O AA1B1BA2A3OB OA AB A B A B 222019.4 iResearch I/91%81%2018 CR8CR4 232019.4 iResearch I 2019.4 iResearch I 57%23%15%5%2016 5%23%4S Wind Wind 86.7%85.3%82.3%81.5%80.1%2.3%2.4%2.2%4.1%4.9%9.8%8.7%8.9%9.5%9.6%2013 2014 2015 2016 20172013-2017 242019.4 iResearch I 2019.4 iResearch I 16.7 16.6 16.4 16.5 16.4 16.5 16.5 16.1 16.0 16.0 16.0 16.0 11 12 1 2 3 4 5 6 7 8 9 10 2017.11-2018.10 34%19%47%2019 N=759 2019 3 iClick 252019.4 iResearch I 2019.4 iResearch I2C 57%2C 29%2B 14%2018 2018 2C 29%2018 50%262019.4 iResearch I 2019.4 iResearch I196.6181.0222.7261.4362.321.4%19.2%21.4%21.1%26.2%2014 2015 2016 2017 20182014-2018%2018 272019.4 iResearch I 2019.4 iResearch I60%65%70%75%80%85%90%95%100%0 10 20 30 40 2018 8 0.16%2018 8 1,187,700 1921 0.16%,2017 282019.4 iResearch I APP APP 2B APP 70%2 1100 1 C B2B 2B Usertracker 378.9 816.2 1106.7 1091.4 1935.1 5234.6 17587.0 33412.7 2016.12017.12018.12019.12016-2019 1 APP 292019.4 iResearch I 2019.4 iResearch I N=2017 2019 3 iClick 15081037104774299 989736648618503 N=2017 2019 3 iClick 302019.4 iResearch I 2019.4 iResearch I146415161130196512 9951109839870945 77.4%72.6%N=2017 2019 3 iClick N=2017 2019 3 iClick 312019.4 iResearch I 1560457 77%N=2017 2019 3 iClick 322019.4 iResearch I 2019.4 iResearch I81111126115 5611286606257 4S 45%N=249 2019 3 iClick N=249 2019 3 iClick 331 2 3 4 342019.4 iResearch I 2014-C-B-C 2016-2018-2013-A 80%2015-2017-2017 17 C2B B2B B2C C2C C-B-C 2013 2013-2018 352019.4 iResearch I C2B 2012 C2R R C2B 60%VPQS 5 2017-2018 2016 15 2018 102 133 1000 201220132018 2017 2016 2014 2015 A 3 B APP 15 2016 50 72 60%1 C 5 C+102 133 8 D 10 362019.4 iResearch I C2B C B+AI 10 AI+AI C2B VPQS 616 VPQS GSP 30 0 0 VPQS 372019.4 iResearch I B B 4 8 3 B 9 VPQS 1-3 1 4 2 APP 382019.4 iResearch I B2B B2C 2011 392019.4 iResearch I 402019.4 iResearch I 2019.4 iResearch I C2C 2014 C2C B2C 2014.102015.92016.32017.62017.102018.102018.3 2 A 2 B 4 1.8 B+8 C 1.62 C+2019.2 15 D 3 21 2017 3 2018 9 2019 3 C2C C2CC2BB2C412019.4 iResearch I 2019.4 iResearch I Manheim COX B2B Manheim EQS4.0 2014 B2B ADMS EQS+90%421 2 3 4 432019.4 iResearch I2019 4 4 2008-2010 2014 2013 2016 2016-2018 2019 5.1 5.8 7.2 8.8 9.4 13.6 18.1 18.5 19.3 22.0 23.5 24.6 28.1 28.9 28.1 1.3 1.5 1.9 2.7 2.7 3.3 3.9 4.3 4.8 5.2 6.1 9.4 10.4 12.4 13.8 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20182004-2018 2.5 2.4 3 30%2019 442019.4 iResearch I C-B-C C-B-C C2C C B2 CB1B3F I M C2B B2C B2B 452019.4 iResearch I 2019.4 iResearch I 2-3 AdTracker 3426731614190470671391672014 2015 2016 2017 20182014-2018*462019.4 iResearch I 35%5 SWOT 4S 472019.4 iResearch I CARFAX 482019.4 iResearch I 2019.4 iResearch I+30%5%173522552706324738972017 2018 2019e 2020e 2021e2017-2021 CRM 49 Keep Learning 400-026-2099 50
展开阅读全文