2017-投资界电子周刊No0601-英文版_11页_1mb

PEdaily E-Magazine Issue No. 601 Summary

Preface

• Overview: PEdaily E-Magazine is a weekly publication for professionals in the private equity (PE) and venture capital (VC) sectors. It was previously known as Zero2ipo e-Weekly, which first published in 2006.
• Purpose: The magazine provides timely, accurate, and in-depth market reports, leveraging the extensive investor network of Pedaily.cn.
• Content: It covers weekly investment and financing news, industry insights, data observations, personality profiles, and expert opinions.
• Audience: The publication is open to all stakeholders in the PE/VC ecosystem, including investors, entrepreneurs, analysts, and lawyers.
• Call to Action: It invites readers to share their viewpoints and insights to witness the growth of China’s PE/VC industry.

Core Content

VC/PE Fundraising in October 2013

• Fundraising Activity: In October 2013, 21 funds were newly raised by Chinese and foreign VC/PE institutions, totaling US$1.58 billion available for investments in China.
• Monthly Trend: The amount of newly added capital dropped by 47.0% compared to the previous month.
• Annual Comparison: This amount is nearly five times higher than the fundraising volume of US$266 million in the same period in 2012.
• Fund Composition:
  • 17 RMB funds were raised, totaling US$1.04 billion, accounting for 65.5% of the total.
  • 3 USD funds raised US$546.68 million, making up 34.5% of the total.
  • The average size of RMB funds was US$61.03 million.

Key Industry News

• Hilton Hotel & Resorts IPO: Under the ownership of Blackstone Group, Hilton Hotel & Resorts is likely to go public in December 2013, with a target market capitalization of US$30 billion.
  • Lead Underwriters: Deutsche Bank, Goldman Sachs, Merrill Lynch, and Morgan Stanley.
• Qunar's IPO: Qunar, a major Chinese online tourism company, listed on Nasdaq on October 31, 2013, with an IPO price of US$15 per ADS.
  • IPO Details: Issued 11.11 million ADSs, potentially reaching a market capitalization of US$2.06 billion and raising US$190 million.
• 500Wan.com's IPO Plan: 500Wan.com submitted its IPO application to the SEC on October 23, 2013, aiming to list on the New York Stock Exchange and raise US$150 million, which would make it the largest Chinese IPO in the US market in 2013.
• Keede.com Acquires Eyesee.com: Keede.com, China’s largest B2C glass company, acquired Eyesee.com in a RMB52 million deal, aiming to secure a market share of over 65% in the glass B2C sector.
  • Deal Terms: All data and users of Eyesee.com will be transferred to Keede.com, and all staff will be assigned to counterpart positions.
• Shuanghui International's HK IPO Plan: Shuanghui International, which recently acquired Smithfield Foods, plans to list on the Hong Kong Stock Exchange in Q2 2014, targeting to raise US$5 billion.

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Conclusion

This issue of PEdaily E-Magazine highlights significant developments in the Chinese PE/VC industry, including notable fund raisings, major IPO plans, and strategic M&A activities. It reflects the dynamic nature of the market and its potential for growth, while also emphasizing the importance of accurate and timely information for industry participants.