2017-投资界电子周刊No0541-英文版_13页_610kb

报告摘要

PEDaily E-Magazine Issue No.541 Summary

Core Content

PEDaily E-Magazine (formerly Zero2ipo e-Weekly) is a weekly publication targeting professionals in the private equity and venture capital (PE/VC) industry. It provides timely, accurate, and in-depth market reports, covering investment and financing news, industry insights, data observations, and profiles of key figures in the sector. The magazine is supported by the extensive investor network of Pedaily.cn, which integrates over a decade of research from Zero2IPO Group.

Main Views and Key Information

Children's Clothing Market Growth

Market Status: The children's clothing market in China is considered underdeveloped compared to the men's and women's clothing markets.
Market Size: As of 2012, the market size is RMB100.00B with a production scale of 5 billion pieces.
Growth Rate: The CAGR (Compound Annual Growth Rate) is as high as 10.09%, making it one of the fastest-growing categories in the clothing industry.
Future Outlook: It is expected to exceed RMB200.00B in market size by 2015, indicating a shift towards brand-based and intensive development.

Investment Highlights

China Auto Rental

Investment: Secured a US$200M equity investment from Wrburg Pincus, marking the largest single equity investment in the Chinese car rental industry.
History: Previously received RMB14.5M from Legend Holdings in 2010 and RMB1.2B in 2010 through a combination of equity and creditor’s rights.
Listing Attempt: Filed for an IPO in January 2012, aiming to raise US$300M, but withdrew the application in May 2012 due to unfavorable conditions for China-concept stocks.

I-Media

Financing: Closed a US$20M Round B funding, led by KPCB China, with IDG Capital Partners as a co-investor.
Growth: Rapidly expanded into a mobile marketing solution provider with the largest operating revenue in China after securing Round A funding in 2011.
Use of Funds: Plans to use the investment for product and technology improvements, as well as expanding overseas cooperation.

Fanhua.com

Financing: Secured a Round A investment of millions of US dollars from K2 Ventures and Xu Xiaoping.
Background: Founded in 2008, it has attracted four million users and 20,000 new users daily.
Partnerships: Established direct business cooperation with over 800 online shopping malls, including Taobao.com and Amazon.com.

CDH Investments

Fundraising: Raising a new venture capital fund with a target size of US$300M–US$350M.
Current Assets: Manages over US$7B in assets, including PE, VC, real estate, and securities investment funds.
Investment Strategy: Focuses on start-ups and plans to explore both A-share and overseas listing opportunities for its portfolio companies.

Qiming Venture Partners

Fund II: Completed financing for a RMB600M RMB fund, targeting industries such as Internet, consumer goods, healthcare, IT, clean-tech, and environmental protection.
Exit Strategy: IPO remains the most important exit channel for VCs in China, with 150 to 200 enterprises expected to go public annually.

Government Guidance Funds

Dongguan: Established a RMB2B government guidance fund, with RMB200M and RMB100M allocated to two sub-funds. Aimed at improving the local equity investment industry and promoting SME financing and technical innovation.
Hebei: Launched its first state-level VC guidance fund, Hebei Xinchan New Material Venture Capital Co., Ltd., with an initial scale of RMB250M. It combines central, local, and private capital, focusing on high-tech innovation enterprises.

Changchun

PE Fund: Established its first PE investment fund, Jilin Zhuochuangzhongyin Equity Investment Fund Partnership Enterprise, with a total scale of RMB143M.
Focus: Targets small and medium-sized private enterprises in modern service and high-tech industries, aiming to foster mutual benefit and win-win outcomes.