2017-投资界电子周刊No0536--英文版_14页_1mb

报告摘要

PEDaily E-Magazine Issue No.536 Summary (June 8, 2012)

Core Content

PEDaily E-Magazine is a weekly publication targeting professionals in the venture capital and private equity (VC/PE) industry. It provides timely, accurate, and in-depth market reports, covering investment and financing news, industry trends, data analysis, and expert insights. The magazine is part of the Zero2IPO Group, which has over 10 years of research and data resources, and is committed to building a professional platform for the Chinese VC/PE sector.

Main Views and Key Information

1. VC/PE Investment Trends in May 2012

A total of 36 investment deals were completed in May 2012, with 24 of them disclosing investment amounts totaling US$390.85M (an average of US$16.29M per deal).
14 grade-1 industries received investment attention.
The Internet industry was the most favored, with 8 investment deals (22.2% of total), including 5 deals in online game companies.
Chain retail and Telecom & value-added services followed with 4 and 5 deals, respectively.
Chain retail received the highest total investment amount in May, at US$96.62M (24.7% of total), followed by Internet at US$71.87M (18.4%) and clean-tech at US$69.93M (17.9%).
Fidelity Ventures led a US$50.00M joint investment in Pod Inns, the highest disclosed amount in May.

2. Market Changes and Outlook

The VC/PE market in 2012 faces a changing climate, with more rigorous regulation and increased competition.
IPOs and exits are becoming more challenging due to market volatility.
The "windfall era" for VC/PE is coming to an end, and investors are advised to prepare for a more competitive environment.
Early-stage investments and angel investments are on the rise, while real estate funds are outperforming.
The market shakeout is approaching, indicating a period of consolidation and restructuring.

3. New Developments in the Industry

CNET received a Nasdaq delisting warning due to its stock price falling below US$1 for 30 consecutive trading days. The company reported significant financial declines in the first quarter of 2012.
Chengdu High-Tech Zone established an angel investment fund of RMB80M, focusing on mobile Internet start-ups.
China Investment Corporation and RDIF formed a China-Russia Investment Fund with a target size of US$2B to US$4B, to be managed by a joint company.
GSR Ventures closed a US$133M Opportunities Fund to allow existing investors to participate in later-stage financings of top-performing portfolio companies.
Softbank China plans to set up a RMB600M VC fund in Foshan, focusing on new materials and medical equipment sectors.
China Telecom established Esurfing Innovation Technology Co., Ltd., the first venture capital company under a telecom operator in China, with a RMB200M fund allocated for early-stage innovation projects.
Alibaba Group is rumored to receive a US$1B 3-year loan from China Development Bank, as part of a US$3.00B loan for the privatization of Alibaba.com Limited.