2017-投资界电子周刊No0517-英文版_13页_586kb

报告摘要

PEDaily E-Magazine Issue No.517 Summary

Core Content

PEDaily E-Magazine, previously known as Zero2ipo e-Weekly, is a weekly publication tailored for professionals in the private equity (PE) and venture capital (VC) sectors. It provides timely, accurate, and in-depth market reports, covering investment and financing news, industry insights, data observations, and expert opinions. The magazine aims to build a professional platform with extensive data and analysis, leveraging over 10 years of research resources from the Zero2IPO Group. It invites all stakeholders—investors, entrepreneurs, analysts, and lawyers—to contribute their perspectives and witness the development of China's PE/VC industry.

Main Points and Key Information

1. Chinese IPO Trends (Jan-Nov 2011)

Total Chinese IPOs: 324, raising US$53.84B.
Global Context: 548 IPOs globally, totaling US$115.29B.
Market Share: Chinese IPOs accounted for 59.1% of the total listings and 46.7% of the total financing.
Decline: The number of Chinese IPOs and their total financing amount declined by 20.0% YoY due to global economic risks.

2. Yahoo and Alibaba

Yahoo's Decision: Yahoo appointed Scott Thompson as CEO and focused on strategic reviews, signaling no immediate plans to sell assets.
Implication: Analysts suggest Alibaba may face challenges in acquiring Yahoo's assets.

3. Video-TX and SMG

Financing: Video-TX raised US$10.00M in Series A and signed an agreement with SMG.
Technology: Video-TX will be the sole service provider of "video cloud" technology to SMG.
Market Trends: With 527 million Internet video users expected in 2012, video cloud technology is poised for rapid growth.
Expert View: Zhuang Zhenhong, CEO of Video-TX, emphasized the growth potential of Internet-based TV and video-based Internet.
Hu Yanping's Insight: Improved broadband infrastructure enables anytime, anywhere access to Internet video, driving a new "video cloud" era.

4. GTJA and Datian CNC

Investment: GTJA's Dragon Fund completed the first round of investment in Datian CNC, alongside Xizi United Holding.
Strategic Focus: GTJA aimed to improve Datian CNC's production efficiency through lean production and management rectification.
Industry Context: High-end equipment manufacturing is one of the seven key industries encouraged by the 12th Five-Year Plan.

5. Kasong Science and Technology

Investment: Infinity Group invested RMB50.00M in Kasong Science and Technology.
Purpose: Funds will be used for R&D and sales network expansion.
Public Listing Plan: Kasong plans to go public within the next three years.
Partner Insight: Amir Gal-Or, Infinity Group partner, highlighted the company's fast growth and focus on technology and R&D.
Pre-existing Agreement: Kasong had signed an investment intent letter with Infinity in March 2011 in Israel.

6. Temasek's China Fund

Fund Setup: Temasek, Singapore's state investment agency, is establishing a S$2.5B China fund.
Focus: Investment in north Asia, primarily China.
Uncertainty: The fund is still in formative stages, and its relationship with Temasek, board composition, and third-party participation are yet to be determined.

7. Vivo Ventures' 7th Fund

Fundraising: Vivo Ventures VII was closed at $375 million, bringing total funds under management to over $1 billion.
Investment Strategy: Focus on later-stage pharmaceutical and medical device companies in the U.S. and revenue-stage healthcare companies in China.
Cross-Border Partnerships: Vivo aims to support cross-border collaboration between companies in the U.S. and China.

8. Jingguofa Fund

Fundraising: Jingguofa Fund achieved a first close of RMB1.00B out of a target of RMB2.00B.
Capital Sources: State-owned capital budget and enterprise-owned capital.
Future Plans: Attract social capital in the next phase and conduct market-based operations.

9. Ruili Industrial Fund

Series A Fundraising: Ruili Industrial Fund raised RMB7.00B in its Series A fundraising.
Additional Investment: Shanghai Financial Development Investment Fund received RMB1.00B from the social security fund.
Future Fund: Shanghai International Group plans to launch a RMB fund for overseas investment in early 2012, with capital raised domestically and invested in U.S. companies via QDII.