2017-投资界电子周刊No0568-英文版_10页_337kb

PEdaily E-Magazine Issue No.568 Summary

Preface

PEdaily E-Magazine, previously known as Zero2ipo e-Weekly, was first published in 2006. It is a weekly publication aimed at professionals in the PE/VC industry, providing timely, accurate, and in-depth market reports. The magazine integrates over 10 years of research resources from the Zero2IPO Group and is committed to building a professional platform for industry insiders. It invites investors, entrepreneurs, analysts, and lawyers to share their insights and witness the development of China’s PE/VC industry.

Core Content

The issue highlights key developments in China’s private equity and venture capital markets, including fundraising trends, investment activities, and notable deals. It also includes subscription information for the magazine.

Main Points and Key Information

1. PE Fundraising Trends in 2012

• Total fundraising: 369 PE funds completed fundraising in 2012, a significant increase from the previous year.
• Fund size: The total amount raised by newly-raised funds was US$25.31B, but this was a marked decline compared to the previous year.
• RMB vs. foreign currency funds:
  • 354 RMB funds and 15 foreign-currency funds were raised.
  • RMB funds dominated in number, but foreign-currency funds had a higher average fundraising scale.
• Investment deals: In 2012, China's PE market completed 680 investment deals, with 606 of them disclosing a total investment amount of US$19.79B.
• Investment slowdown: There was a slight slowdown in investment activities compared to 2011.

2. Major Deals and Investments

• Zhejiang Daily Media Group

  • Approved to acquire Hangzhou Bianfeng Network and Shanghai HoldFast Online via private placement.
  • The acquisition involves raising up to RMB2.5B through the issuance of less than 180 million shares.
  • The goal is to build a national media platform integrating news, film and TV, interactive entertainment, and investment in the cultural industry.

• Cathay Capital PE Investment Fund

  • Invested US$10M in eBay Tech Corporation.
  • The fund's total size reached Euro420M, and the number of investment companies increased to 26.
  • FTV Capital also invested in eBao Tech, with a total investment of US$36M from Cathay and FTV Capital.

• SAIF Partners IV L.P.

  • Holds 5.6% equity in Bona Film Group as of December 31, 2012.
  • Previously held 5.3% equity as of July 18, 2012.

• Qfpay Technology

  • Received Series A investment from Sequoia Capital, though the amount was not disclosed.
  • Over 10,000 business owners are currently using Qfpay’s products, and the trading volume exceeded 300 million in 2012.
  • Qfpay has close cooperation with more than 30 banks and payment institutions.
  • Sequoia Capital also invested in Square, a US-based mobile payment company.

• Lightspeed China Partners

  • Closed fundraising for Lightspeed China Partners I, L.P. with US$168M, exceeding the target of US$150M.
  • The fund will focus on early-stage companies in the Internet, mobile, services, and enterprise solution sectors.
  • Managed by Ron Cao and James Mi, the fund is part of the globally leading Lightspeed Venture Partners, which has over US$2B in capital under management.
  • Previous investments include Dianping, LuckyPai, iHaveU, MediaV, Meilele, PCH International, Teralane, etc.

Subscription Information

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• View More Weeklies: Click Here

Contact

For any suggestions on PEdaily E-Magazine, please email:
pedaily@e-zero2ipo.com.cn

Conclusion

This issue of PEdaily E-Magazine provides a comprehensive overview of the Chinese PE/VC market in early 2013, highlighting the continued growth in fundraising activity, albeit with a decline in fund sizes, and the increasing number of investment deals. It also showcases notable acquisitions and investments, reflecting the evolving dynamics of the industry. The magazine remains a valuable resource for industry insiders seeking in-depth market analysis and insights.