2017-投资界电子周刊No0531--英文版_15页_1mb

PEDaily E-Magazine Issue No.531 Summary

Core Content

PEDaily E-Magazine Issue No.531, published on April 27, 2012, is a weekly publication for PE/VC insiders, providing in-depth market reports, investment news, industry insights, and analysis. It highlights the differences in startup financing and PE investment regulations between China and the United States, as well as recent investment activities and upcoming industry events.

Main Views and Key Information

Regulatory Differences Between China and the US

• China: The Chinese government has tightened regulations on the private equity (PE) sector, raising the compulsory filing threshold and increasing taxation on unrealized gains of limited partnership PE funds. These measures have created obstacles for unlisted companies seeking financing.
• US: The JOBS Act, signed into law by President Barack Obama on April 5, 2012, aimed to improve access to public capital markets for startups. It reduced disclosure requirements and expanded financing channels, reflecting a more supportive regulatory environment for startups.

Startup Financing Trends

• The regulatory environment in China and the US shows a stark contrast, with China placing more restrictions on PE investment and startup financing, while the US is more open and flexible.
• Despite China's efforts to promote small and medium-sized enterprises (SMEs), the overall climate remains challenging for startup financing and equity investment.

Recent Investment Highlights

• TutorGroup secured a $15M investment from Qiming Ventures to expand its online language tutoring business in China. The company is a leader in the English and Chinese tutoring market, which is growing rapidly due to globalization.
• Nanchang established a RMB1.00B Low-Carbon Fund to support high-tech and green industries in the region.
• China Auto Rental suspended its NASDAQ IPO due to poor subscription, citing an unreasonably low valuation from American investors.
• Accelink and Wuhan Guanggu Fenghuo Technology Venture Capital Co., Ltd. jointly launched a RMB300M Optoelectronics Fund, with Accelink contributing RMB40M.
• Intel Capital invested RMB10M in Beijing ZZNode Technology to enhance its product innovation capabilities.
• Reiter Capital invested in Beijing MedEx Tech.-Trade Corp., a leading provider of medical information solutions and digital medical equipment.
• Junsan Capital injected RMB25M into Shenzhen Onetouch Technology, a high-tech company specializing in mobile communication and Internet optimization.

Upcoming Industry Events

• The 7th China Venture Capital & Private Equity Forum @ Silicon Valley will be held on May 3, 2012, in the United States. It aims to explore how Chinese VC/PE markets can learn from overseas experiences to achieve success.
• The 5th China LP Summit will be held on May 24, 2012, in Hangzhou, China. It will bring together over 60 large institutional investors, including insurers, social security funds, and listed companies, as well as numerous FOFs and private capital groups.

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Contact for Suggestions

• Email: pedaily@e-zero2ipo.com.cn

This issue reflects the dynamic and evolving nature of the Chinese PE/VC industry, emphasizing both regulatory challenges and significant investment activities. It also highlights the importance of international collaboration and knowledge exchange in shaping the future of the sector.