2018-投资界电子周刊No.0524--英文版_14页_1mb

PEDaily E-Magazine Issue No.524 Summary

Core Content

PEDaily E-Magazine, formerly known as Zero2ipo e-Weekly, is a weekly publication aimed at providing insider information to professionals in the private equity and venture capital (PE/VC) industry. It covers investment and financing news, industry analysis, data observations, and expert insights. The magazine is supported by the extensive investor network of Zero2IPO Group, which has accumulated over 10 years of research resources to offer timely, accurate, and in-depth market reports.

Main Points and Key Information

1. Group Buying in China: Rise and Fall Not Linked to Capital

• Overview: Group buying, as a new e-commerce model, experienced a significant boom in China with the rise of the O2O concept.
• 2011 Situation: Despite challenges such as downsizing, bankruptcy, and unsmooth IPOs, many group buying websites showed improvement in turnover, service quality, and product mix.
• Data Highlights:
  • 540,000 group buying activities were held in 2011.
  • Total sales exceeded RMB11.00B, nearly 5.5 times that of 2010.
  • Over 300 million people used group buying platforms, with RMB35 per capita consumption.
  • Users saved over RMB19.00B in total through group buying discounts.

2. Yinke VC and Tellhow Group Establish Joint PE Fund

• Fund Details: The "Chengdu Tellhow Yinke Equity Investment Fund" with a target size of RMB200M was established.
• Background: Yinke VC, founded in 2009 with RMB1.5B in registered capital, is backed by the Export-Import Bank of China and local investment groups.
• Purpose: The fund aims to support competitive projects aligned with Chengdu's industrial planning.

3. Shanda's Cloudary Resumes IPO Process

• IPO Details: Cloudary.com.cn resubmitted its IPO documents to the SEC with a target of USD200M for listing on the NYSE.
• Market Significance: This move signals a recovery in the U.S. capital market, as other Chinese companies like VIPShop, adchina.com, and Zuche.com also filed for U.S. listings.

4. FunPlusGame Completes US$12M Round A Funding

• Company Profile: FunPlusGame, a social game start-up, was founded in Silicon Valley and Beijing in 2010.
• Funding: Raised US$12M from GSR Ventures.
• Growth: The company has over 3.5 million daily users and is the top social game developer in Asia for Facebook.
• Use of Funds: Intended for talent recruitment, R&D, and improving user experience.

5. IDG's First RMB Fund Closes with RMB3.6B

• Fund Details: The fund, registered in Zhongguancun National Demonstration Zone, has a size of RMB3.6B.
• Investors: The Social Security Fund was the largest contributor with RMB1.2B.
• Focus Areas: TMT, culture, and other high-growth sectors.
• Significance: The fund broke the norm of guidance funds only investing in locally registered funds.

6. Hudson Completes First Investment in China

• Investment: Acquired a minority stake in Golden State Environmental Investment Co., Ltd..
• Company Profile: Golden State Environmental is a leader in integrated environmental businesses.
• Hudson's Focus: Specializes in renewable energy and clean-tech sectors.

7. Bicon Pharmaceutical Secures US$250M Investment from Pacific Alliance Group

• Investment: Pacific Alliance Group invested US$250M in Bicon Pharmaceutical Holdings.
• Company Background: Established in 1997, Bicon Pharmaceutical is a foreign-funded pharmaceutical enterprise.
• Board Changes: Shan Weijian, Chairman of Pacific Alliance Group, was appointed as Chairman of Bicon Pharmaceutical.

8. Xinshengyuan Group Plans NYSE Listing

• Listing Plan: Submitted IPO documents to list on the NYSE.
• Pre-IPO Stake: Sequoia Capital holds a 25% stake in the company.
• Financials: US$45M in annual revenue as of June 30, 2011.
• Business Focus: Provides technical services for new drug R&D and biochemical industry.

9. Kaixinxuehuike Receives Nearly US$100M Investment from SAIF

• Funding: Nearly US$100M raised from SAIF Investment Fund.
• Use of Funds: For brand promotion and product development.
• Market Potential: With 20 million babies born annually in China and 100 million children under six, the early education market is expected to grow significantly.

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Conclusion

This issue of PEDaily E-Magazine highlights the dynamic developments in China's PE/VC and startup sectors. It covers both the challenges and opportunities in the group buying market, significant funding rounds, and the movement of Chinese companies towards international listings. The magazine continues to serve as a valuable resource for industry professionals seeking insights and updates.