2017-投资界电子周刊No0552-英文版_13页_385kb

报告摘要

PEdaily E-Magazine is a weekly publication for professionals in the private equity and venture capital (PE/VC) industry, originally known as Zero2ipo e-Weekly, which was first published in 2006.
The magazine is operated by Pedaily.cn, leveraging its extensive investor network to provide timely, accurate, and in-depth market reports.
It integrates over 10 years of research resources from the Zero2IPO Group and aims to build a professional platform with abundant data and detailed analysis.
The magazine invites all industry participants—investors, entrepreneurs, analysts, and lawyers—to contribute their insights and perspectives, and to witness the growth of China's PE/VC industry.

The 2012 healthcare reform policies showed a positive trend in the development of China's universal healthcare insurance system.
As of the end of 2011, over 1.3 billion urban and rural residents were covered by three basic healthcare insurance systems, with a coverage rate exceeding 95%.
However, the Critical Illness Insurance System remains underdeveloped, leading to high out-of-pocket medical expenses for insured individuals when facing critical illnesses.

Monsod Drought-Resistance Greening Co., Ltd. was listed on ChiNext on September 27, 2012.
The company issued 34.36 million shares at RMB11.8 per share, with a P/E ratio of 20.34 times.
The funds raised will be used for the water-saving and drought-resistant production base project.
Tianjin Sequoia Capital Investment Fund Center subscribed for 4.88% equity at RMB50M in 2010.
The company has a complete industry chain covering R&D, nursery stock planting, engineering design, and construction.

Kyland Technology Co., Ltd. was listed on ChiNext on September 27, 2012.
It issued 13.4 million shares at RMB20.75 per share, with a P/E ratio of 35.17 times.
Shanghai Huiyin subscribed for 480,000 shares at RMB2.16M in 2007.
Shanghai Jinzhao subscribed for 442,000 shares at RMB11.82 per share in 2011.
The company specializes in machine-to-machine communication technology.

Suning.com acquired Redbaby, the largest online maternity and baby products retailer in China, for US$66M on September 25, 2012.
Redbaby will retain its brand and operate independently, while Suning.com will manage its maternity and baby product channel.
Redbaby, established in 2006, reported RMB1.5B in sales in 2010 and RMB2B in 2009.

7 Days Group Holdings Limited received a US$635M privatization takeover offer from a consortium led by He Boquan, Zheng Nanyan, Carlyle Group, and Sequoia Capital China.
The offer price was US$12.70 per ADS, a 20% premium over the closing price of US$10.57.
The consortium plans to finance the deal through equity capital and bonds.

Blue Focus announced a plan to acquire 100% of Sichuan Times Share Media for RMB660M.
The acquisition is to be funded through share issuance and cash payment.
Times Share Media provides one-stop outdoor advertising solutions using its e-TSM outdoor media resources management system.
The share price of Blue Focus has doubled since the beginning of the year, but the additional issue price is 7.3% lower than before the suspension.

China Mobile Games and Entertainment Group (CMGE) was listed on NASDAQ on September 26, 2012.
It became the second China Concepts Stock listed on the US market that year.
Due to the large price gap between buyers and sellers, no deals were made on the first day of trading.
Buyers offered US$3.9 per share, while sellers demanded US$40 per share.

Chengtou Holding contributed RMB750M to the Chengding Overall Environment Industry Equity Investment Parent Fund Co., Ltd..
The parent fund has a registered capital of RMB2,005M and focuses on venture capital, equity investment, and investment consulting.

Noah (China) Holdings Ltd. entered the PE parent fund field.
Its subsidiary Gefei Asset Management Co., Ltd. has already issued three RMB PE parent funds, totaling over RMB2B.
These funds have supported 15 PE sub-funds, including Sequoia Capital, CDH, New Horizon Capital, and Fortune VC.
The goal is to increase the management scale of parent funds to RMB5B by next year.