2017-投资界电子周刊No0527--英文版_14页_982kb

PEDaily E-Magazine Issue No.527 Summary

Preface

• Overview: PEDaily E-Magazine, previously known as Zero2ipo e-Weekly, was first published in 2006. It is a weekly information publication aimed at PE/VC insiders, covering investment and financing news, industry insights, data observations, personality profiles, and expert opinions.
• Purpose: The platform provides timely, accurate, and in-depth market reports to its audience, which includes investors, entrepreneurs, analysts, and lawyers.
• Resources: It leverages over 10 years of research resources from Zero2IPO Group and aims to build a professional website with comprehensive data and analysis.

Core Content: China's VC/PE Industry Challenges

• Published by: Zero2IPO Research Center on Mar. 2, 2012
• Key Points:
  • The Chinese PE/VC market has seen vibrant development due to improved laws and regulations and steady GDP growth.
  • However, it faces several challenges:
    • Supervisory System: Needs further improvement.
    • Legal Environment: Still underdeveloped.
    • RMB Fund LP: Not yet mature; LP structure requires enhancement.
    • Fund Management Risk: Intensified due to fierce competition.
    • Evaluation Mechanism: Lacking scientific evaluation for fund management institutions.
    • Exit Channels: Not fully formed; multiple exit routes are still in development.
    • Industry Standards: Need to be established for operational codes and service standards.

Hot News Highlights

1. Lunar Capital Acquires 60% Equity in Sichuan Zhiqiang Food

• Date: Mar. 21, 2012
• Details:
  • Lunar Capital became the controlling shareholder of Sichuan Zhiqiang Food Co., Ltd., a pioneer in the walnut-flavored beverage industry.
  • The acquisition allows Lunar Capital to operate the joint venture with existing staff, leveraging capital, management, and international cooperation resources.

2. First Chinese Business Jet PE Fund Launched

• Date: Mar. 21, 2012
• Details:
  • A new PE fund, co-funded by Asia-Pacific Business Aviation Company Limited and Yingfu (China) Holdings Ltd., is set to raise RMB3.00B.
  • The fund targets the domestic business aviation market, focusing on jet charter and leasing.

3. Lei Chifeng Garners RMB30M Angel Investment

• Date: Mar. 21, 2012
• Details:
  • Lei Chifeng, former CEO of 8848.com, launched Time 100, a watch B2C e-commerce platform.
  • The company received a RMB30M angel investment from Liu Jincheng, a leader in the watch movement industry.

4. Taofang.com Wins US$10M Series A VC Investment

• Date: Mar. 21, 2012
• Details:
  • Taofang.com, a real estate platform similar to Taobao.com, secured US$10M in Series A financing.
  • The investment will be used to enhance product structure and technology, and improve information quality control.

5. Hakim Information Technology Goes Public on ChiNext

• Date: Mar. 19, 2012
• Details:
  • Hakim was listed on ChiNext with a share price of RMB18 and a P/E ratio of 37.5.
  • Three VC firms, including Zhejiang Jinyongxin Investment Management and Shenzhen Capital Group, were involved in the IPO.

6. CITIC Jinxiu Plans to Transfer Shares in iPanel

• Date: Mar. 19, 2012
• Details:
  • CITIC Jinxiu intends to transfer three million shares in iPanel TV, representing 3.5885% equity.
  • The withdrawal of financial investors may indicate that iPanel's IPO is facing challenges.

7. Fuchun Communications Lists on ChiNext

• Date: Mar. 19, 2012
• Details:
  • Fuchun Communications, a high-tech company providing network construction services to major telecom operators, listed on ChiNext.
  • Two VC investors, Shanghai Xingye and Shanghai Zhengtong, held equity before the IPO.

8. Changsha Sinocare Goes Public on ChiNext, CSVC Exits

• Date: Mar. 19, 2012
• Details:
  • Changsha Sinocare, a leading manufacturer of blood glucose monitoring systems, listed on ChiNext.
  • CSVC exited before the IPO, while Yihe Capital retained 1.52% equity.

The 7th China Venture Capital & Private Equity Forum in Silicon Valley

• Date: May 3, 2012
• Location: Silicon Valley, USA
• Focus:
  • The forum aims to explore how Chinese VC/PE markets can learn from overseas experiences.
  • It addresses challenges such as capital market competition, uncertain IPO prospects, and industry reshuffling.
  • It is an opportunity for Chinese enterprises to learn how to overcome recession and maintain growth.

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• Email: pedaily@e-zero2ipo.com.cn
• Purpose: For suggestions or inquiries regarding PEDaily E-Magazine.