2017-投资界电子周刊No0570-英文版_11页_454kb

PEdaily E-Magazine Issue No. 570 Summary

Core Content

The PEdaily E-Magazine Issue No. 570, published on March 1, 2013, is a weekly publication targeting professionals in the venture capital (VC) and private equity (PE) sectors. It provides timely, accurate, and in-depth market reports, covering investment and financing news, industry insights, data observations, and expert opinions. The magazine is a continuation of Zero2ipo e-Weekly, which was first published in 2006, and is now operated by Pedaily.cn, a platform with extensive investor networks. The goal is to build a professional website with rich data and comprehensive analysis, supporting the growth of China's PE/VC industry.

Main Views and Key Information

1. VC/PE Investment Trends in January 2013

• In January 2013, there were 31 investment deals in the Chinese VC/PE market, with 25 deals having disclosed amounts totaling US$425.25M.
• The overall investment amount saw a monthly decline of 28%, indicating a challenging market environment.
• The largest deal of the month was a US$137M private placement by Haixiang Venture Capital and Rich Capital Management in Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd..
• The China Securities Regulatory Commission (CSRC) conducted an unprecedented strict financial review of IPO enterprises, which led to a standstill in the new share issuance market and uncertain exits for investment institutions.

2. Notable Investment Deals

• Nexmo secured a US$3M investment led by Intel Capital, with participation from NHN and Initial Capital.
  • Nexmo is profitable and has been growing at a high rate.
  • The funds will be used to expand cloud telecommunications and develop direct-communication operator partners globally.
• Beisen.com completed Series B financing, raising tens of millions of US dollars from Matrix Partners and Sequoia Capital.
  • The funds will be used for product R&D.
  • Beisen.com has a 500-employee team and is the largest provider of talent management software in China.
  • It launched iTalent, the first cloud-based talent management platform in China in 2010.
• SmarTots, a mobile education app platform, completed Series A financing with SB Pan-Asia Fund.
  • The investment amount was undisclosed.
  • Existing investors, including Xu Xiaoping, AAMA, SOSventures, and ChinaRock Capital, also participated.
• Scinor Water raised US$13M in Series B financing, led by Clean Resources Asia Growth Fund (CLSA) and followed by KPCB.
  • The funds will be used to increase membrane production capacity, develop new products, and reserve working capital.
  • Founded by Wu Hongmei and Chen Huo, Scinor Water is a water service company with expertise in engineering and membrane R&D.
• Hua Shan Environmental Protection received Series B financing led by Fortune United Partners PE Fund.
  • The company specializes in ammonia-nitrogen wastewater treatment.
  • It is considered one of the largest companies in this industry and is expected to see explosive growth.
• Spark Capital, a Boston-based VC firm, completed Series IV fundraising of US$450M, making it the largest fund raised so far.
  • Combined with Series III of US$360M, the firm now has US$1.4B in capital.
  • Spark Capital has a broad investment scope, covering scientific and technological fields, including advertising, monetization, cloud storage, social networks, and mobile tech.
  • Notable portfolio companies include Witter, Tumblr, Foursquare, and OMGPOP (later acquired by Zynga).
  • The firm has made both large and small investments, ranging from seed investments of US$250,000 to late-stage financing of US$25M.

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Conclusion

This issue highlights the slow pace of VC/PE investment in January 2013 due to regulatory pressures, while also showcasing several successful fundraising events across different sectors. The focus is on technology-driven companies, particularly those in the cloud computing, mobile education, and environmental technology industries. The magazine remains a valuable resource for investors, entrepreneurs, analysts, and legal professionals in the Chinese PE/VC ecosystem.