2017-投资界电子周刊No0578-英文版_10页_218kb

PEdaily E-Magazine Issue No. 578 Summary

Core Content

The PEdaily E-Magazine Issue No. 578, published on May 10, 2013, is a weekly publication targeting professionals in the venture capital (VC) and private equity (PE) sectors. It provides comprehensive coverage of investment and financing news, industry insights, data analysis, and profiles of key players in the Chinese PE/VC market. The magazine is part of Pedaily.cn, a platform that leverages extensive investor networks to deliver timely, accurate, and in-depth market reports, combining over 10 years of research from the Zero2IPO Group.

Main Views and Key Information

1. VC/PE Investment Trends in April 2013

• The VC/PE market showed a rebound in April 2013, with a 34.5% increase in the number of investment deals compared to March.
• The investment amount saw a 40.5% MoM increase, indicating a stronger market momentum.
• The Telecom & Value-added Services sector was the most active, with 10 deals recorded, the highest since 2013.
• The largest deal of the month was a RMB1.79B share transfer agreement between Shanghai Chengtou Corporation and Hony Capital’s PE Fund Center, involving a 10% stake.

2. Wuhan's New Angel Fund and Innovation Policies

• Wuhan, the capital of Hubei Province, announced plans to establish an RMB50.00M angel investment fund and an RMB20.00M municipal-level VC seed fund.
• These funds will prioritize incubator start-ups and university students' scientific and technical achievements.
• Wuhan also introduced subsidies and rewards for:
  • Innovative teams with world-class technologies: up to RMB100.00M.
  • State-level innovation platforms: an average of RMB1.50M.
  • High-tech enterprises: RMB100,000 reward.
• Preferential housing policies were introduced for university students making pioneering work in the city.

3. Infinity to Invest in COFCO's Ecological Valley Project

• Infinity, an Israeli PE fund, announced plans to invest RMB1.00B in the Beijing Agricultural Ecological Valley Project of COFCO.
• The investment will be jointly executed with Israeli LR Group.
• The project area is 11.2 square kilometers, and the investment amount is expected to increase to RMB10.00B in the future.

4. Minkang Biotechnology Completes Series A Financing

• Minkang Biotechnology, based in Beijing, completed its Series A financing with Hidea Investment.
• This investment will support the construction of the largest production base in the Tianjin Binhai New Area.

5. Baidu Acquires PPS Online Video Business

• Baidu finalized its US$370.00M acquisition of PPS’s online video business.
• The acquired business will be merged with iqiyi.com, and PPS will become a sub-brand.
• Gong Yu will lead the unified management of the new company as CEO of iqiyi.com.
• Zhang Hongyu and Xu Weifeng, founders of PPS, will serve as co-presidents and continue to manage the development of PPS and explore new business opportunities.

6. Qihoo 360 to Fully Acquire Sogou

• Qihoo 360 proposed to acquire Sogou for US$1.40B through a cash-for-stock transaction.
• The negotiation has reached the final stage, and a cooperation framework has been basically finalized.
• If the deal is based on the current market value of Qihoo 360 (US$4.50B), Sohu (original parent company of Sogou) will hold around 30% of Qihoo 360’s shares.
• The final shareholding ratio is yet to be confirmed.

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Conclusion

This issue highlights the dynamic growth of China’s VC/PE market in April 2013, with a notable surge in investments, especially in the Telecom & Value-added Services sector. It also covers strategic acquisitions and government-backed innovation initiatives, showcasing the diversification and evolution of the industry. The magazine continues to serve as a valuable resource for investors, entrepreneurs, analysts, and legal professionals seeking insights into the Chinese PE/VC landscape.