2017-投资界电子周刊No0589-英文版_10页_219kb

报告摘要

PEdaily E-Magazine Issue No. 589 Summary

Core Content

The PEdaily E-Magazine (Issue No. 589, published on August 2, 2013) serves as a comprehensive information source for professionals in the private equity (PE) and venture capital (VC) sectors. It provides weekly updates on investment and financing news, industry insights, data analysis, and profiles of key players in the PE/VC ecosystem. The magazine is a continuation of the Zero2ipo e-Weekly, which has been in operation since 2006. PEdaily.cn, the platform behind the magazine, leverages its extensive investor network and over a decade of research resources to deliver timely, accurate, and in-depth market reports.

Main Views

The magazine highlights the ongoing challenges in the Chinese VC market during the first half of 2013, reflecting the broader economic uncertainties. Key points include:

Global Economic Context: The US economy showed slight improvement, while the EuroZone and Japanese economies remained stagnant or only temporarily improved. The global economic recovery was still uncertain.
China's Economic Performance: China's economic indicators continued to decline, influenced by external economic pressures, market oversupply, and inflation.
VC Market Trends: The Chinese and foreign VC market experienced a downturn in H1'13, with a decrease in fundraising, investment, and exit activities compared to the previous year and the second half of 2012.
IPO Exits: Despite the overall decline, there was a positive signal with the increase in IPO exits, suggesting a potential thaw in the market.

Key Information

VC Market Performance in H1'13

Fundraising: A total of 51 new funds were raised by Chinese and foreign VC firms, with an aggregate amount of US$1.62 billion available for investment in China.
Investments: There were 336 investment deals in total, with 266 investments disclosing a total amount of US$1.88 billion.
Exits: Only 38 VC-backed exits were reported, with seven of them being IPO exits.

Highlighted Deals

Shanda Games Acquires Two Subsidiaries of SNDA
- Deal Value: RMB811.5 million (US$120 million)
- Details: Shanda Games signed a final agreement with its parent company SNDA to acquire two subsidiaries, both controlled by SNDA.
New Focus Auto Receives US$97.37M Investment from CDH
- Deal Value: US$97.37 million
- Details: New Focus Auto, the only listed automobile after-sales service provider in China, received investment from CDH and signed a strategic cooperation agreement with Exxon Mobil (China) Investment Co., Ltd.
iHandle Secures RMB5M VC Investment
- Deal Value: RMB5 million
- Details: iHandle, a mobile phone social networking application developed by 5 Wuhan University students, received investment and has approximately 2,000 users.
CYTS Acquires More Shares of Wuzhen Tourism
- Deal Value: US$67.5 million (RMB414 million)
- Details: CYTS, in partnership with two Hong Kong companies controlled by IDG, acquired 15% of shares in Wuzhen Tourism, increasing its shareholding from 51% to 66%.
Storm Confirms Its ChiNext Listing Application
- Details: Storm submitted an application for listing on ChiNext. CEO Feng Xin stated that the company had achieved three consecutive years of profit and met the listing criteria.