2017-投资界电子周刊No0532--英文版_14页_897kb

PEDaily E-Magazine Issue No.532 Summary

Core Content

PEDaily E-Magazine, formerly known as Zero2ipo e-Weekly, is a weekly publication targeting professionals in the private equity (PE) and venture capital (VC) industries. It provides in-depth market reports, investment and financing news, industry insights, and data observations. The magazine is published by Pedaily.cn, which leverages its extensive investor network and over 10 years of research resources from Zero2IPO Group to deliver professional and comprehensive information.

Main Points and Key Information

1. Q1 2012 VC Market Highlights

• Fundraising: 29 funds raised a total of US$957.66M in China's mainland.
• Investment Deals: 168 deals were completed in the VC market, with 130 of them disclosing a total investment amount of US$8.66M.
• Exits: 65 VC-related deals were completed, with 52 through IPOs.
• Data Sources: The statistics and conclusions are based on the China Venture Capital Survey Q1 2012 and the China Venture Capital Quarterly Report Q1 2012.

2. Secoo.com Series B Financing

• Investment: Secoo.com, a luxury goods e-commerce platform, raised US$30M in Series B financing.
• Investors: The investment was led by Ventech Capital, IDG Capital Partners, Bertelsmann Asia Investments, and Crehol China.
• Background: Founded in 2008, Secoo.com had previously raised US$10M in 2010. In 2011, it achieved a turnover exceeding hundreds of millions of yuan and had over 500,000 global members, with more than 20,000 active high-end members.

3. Evernote's Series D Investment

• Investment: Evernote, a cloud note-taking service provider, closed a US$70M Series D financing led by CBC Capital.
• Joint Venture: Evernote also planned to establish a joint venture with CBC Capital to develop the cloud note-taking field in China.
• Market Position: Evernote is a cross-platform application launched in June 2008. The cloud note-taking sector is still emerging in China, with competitors like Fit Cloud Note, Netease Youdao Cloud Note, and Mknote.

4. William Chen Leaves DT Capital to Found Clearvue Partners

• Transition: William Chen, a Managing Partner at DT Capital Partners, has left to establish Clearvue Partners.
• Portfolio: His previous investments included Ku6.com, Letao.com, Moonbasa.com, Sierra Solar Power, and 52swk.com.
• Background: Chen holds an MBA from Harvard Business School and a B.S. in Business from the University of Florida, and joined DT Capital in 2007.

5. Jiuding Capital's Round A Fundraising

• Fundraising: Jiuding Capital is set to complete a RMB500M Round A fundraising in May 2012.
• Focus: The fund will target mature quality enterprises and high-growth mining companies, as well as those with significant M&A value.
• Specialization: Mining investments are characterized by highly specialized expertise, strong policy influence, and large capital requirements. Jiuding Capital is one of the few firms with such capabilities, along with CSM Group and NewMargin Ventures.

6. Hainan's First PE Fund

• Establishment: Hainan Everassion Shengrong Equity Investment Fund, the first private equity fund in Hainan, was officially established.
• Size: The fund is expected to reach over RMB500M.
• Focus: Investments will be directed towards quality projects in real estate and related industries.
• Context: This follows Hainan's designation as a national strategy for the International Tourism Island, aiming to boost its capital market.

7. Sichuan Star Cable IPO

• Listing: Sichuan Star Cable listed on the Shanghai Stock Exchange on May 7, 2012, with an issue price of RMB9.3 and a P/E ratio of 24.47.
• Funding Use: The capital raised will be used for special cable projects in new energy and photovoltaic ocean engineering.
• Investors: Suzhou Jiuding and Shanghai Jiuding acquired shares from original shareholders, resulting in Jiuding Capital holding 7.692% of the company before listing.

8. Carlyle Group's NASDAQ IPO

• Listing: Carlyle Group went public on NASDAQ with the trading code "CG".
• IPO Details: The company sold 30.5 million shares at US$22.00 each, raising US$671M or 10.0% of its shares.
• Market Cap: The market capitalization is estimated at RMB6.71B.
• Opening Price: The opening price was US$22.01, slightly above the issue price, and 65.0% of Blackstone Group's issue price.

9. People.com.cn's Stock Market Listing

• Listing: People.com.cn, an official media website, listed on the Shanghai Stock Exchange on April 27, 2012.
• Performance: The opening price was RMB31.01, a 55.0% increase from the issue price of RMB20.
• Valuation: Based on the opening price, the company is valued at RMB8.5B.
• Strategic Investors: Bank of China Asset Management and Goldstone Capital were strategic investors, subscribing for RMB60M and RMB15M respectively.

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Events

• 5th China LP Summit: Scheduled for May 24, 2012, at Hyatt Regency Hangzhou.
• Participants: Over 60 large institutional investors, 30+ professional FOFs, 30+ family enterprises and private capitalists from Jiangsu & Zhejiang, and 15+ banks.
• Sponsors:
  • Platinum Sponsor: DT Capital Partners, Deloitte
  • Gold Sponsors: SBCVC
  • Silver Sponsors: Tayan Enterprise Capital, Cone Capital