PE tight money bag under the small and medium Web site: Bankruptcy transformation or be eliminated

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Sequoia Global "Golden Age has rested" sound, to the enterprise sounded the alarm

After the carnival, the reality is cold. October 8, Sequoia Global "Golden Age has been resting" voice, to the global enterprises sounded the alarm, the same day, the domestic famous online recruitment website Chinahr abandoned the IPO, become the U.S. recruitment website Monster wholly-owned subsidiary, since then, the global market group announced that the formal merger of Hong Kong's established business-to-business Web site Easy Tradelink (Tradeeasy, at the same time for Hong Kong listed companies), Market-place ——— the capital market tsunami, the storm has stirred to the level of industrial, when the dream of entrepreneurs hit the grim situation, whether the acquisition of integration seems to be every enterprise will face the torture.

[No bottom in mind]

Failure, transformation, or elimination.

Representative: Part of the video site

Investors said that at present may be the company's price return to the rational, the discovery of "cheap" good company; but on the other hand, in the current economic situation, it is no easy job to draw money from investors ' tight pockets, and last week Sequoia held a solemn warning to companies and investors at global conferences, "It is essential for businesses to be successful, to control spending and to have positive cash flows," he said. The number of future mergers and acquisitions will be relatively low, and the prices of companies will be lower than they were a few years ago.

It will also make it more difficult for financing to reach the second or third round of corporate life, one of the typical video site, recently, Youku CEO Koo in an interview, said, "in the last six months, video sites will enter a more intensified shuffle process, some of our peer competitors have basically entered the collapse of the list, Some are going to be transformed, others are seeking buyers, and the pace of change will accelerate. ”

Even after the Koo of the last dotcom bubble, it was fortunate that the company, in the first half of the year, felt the global financial direction was unclear, and, with 10 million dollars in cash, insisted on a 40 million increase in equity.

Other video sites are not so fortunate, as Gavin, founder of the Qing Group, said, when the real business to seek buyers, the eventual acquisition is not as much as people originally imagined.

[OK]

Find a good in-laws in tough times

Representative: Chinahr

Despite the passage of time, investors may find it premature to let go, but in the current economic situation, "better to accept" is a wise choice, October 8, the United States's largest online recruitment website Monsterworldwide announced that the company 174 million U.S. dollars in cash to buy Chinahr 55% stake, Making the latter a wholly owned subsidiary.

Although capital helps Chinahr such enterprises grow, but from another point of view, in the past, with the support of venture capital, Chinahr also trapped in the online recruitment industry overheated competition, so that its profitability has been poor, three years ago high hopes of the IPO can only give up.

In this regard, Chinahr chairman Xu also said that the listing brought about by the liquidity of money, and monster after the acquisition can provide Chinahr, including capital, more resources, especially in the business model and brand-building for the Chinahr future business is more favorable.

["Teeth winter" type]

How much does it melt?

Representative: Pplive.com

For many enterprises, the financing at this time is "teeth" do, because not financing may not survive winter, and financing often means that the price is not ideal. Recently Ecapital Capital CEO ran also said that now for the buyer is a good time for mergers and acquisitions. "The number of negotiated deals has not been substantially reduced, but the success rate of real deals has declined," he said. The divergence in valuations of entrepreneurs and entrepreneurs is increasing, and in this case it can be difficult to deal with. ”

Although there are figures showing that VC/PE investment has fallen by nearly 70% per cent on a month-on-month period, corporate financing plans are still being introduced, as in recent days, Pplive.com's internal plan shows that the site plans to raise $20 million from venture capital next month.

[Combined heating type]

1+1 more than 2?

Representative: Business-to-business website

On the day after the Chinahr was acquired, on October 9, global Market Group announced that the merger of Hong Kong's established business-to-business Web site (tradeeasy, a Hong Kong-listed company), Marketplace, the merged three companies will focus on the relevant regions under the global market platform. Global market Group has 360,000 international buyers, Tradeeasy has 35 international buyers, Marketplace international buyers number is 190,000.

According to the figures released by the Hong Kong Gem, the company has paid a total of HK $32 million in cash and some equity, as well as some value-added services for the original customers. It is understood that after the merger of the three Business-to-business brands will be in their respective areas of expertise independent operation, easy to trade in clothing and apparel textiles and gifts household items, marketplace around their own good at the consumer electronics, gifts and other industries,

But the specific input of two other companies, Ling, president of Global Market Group, said the globalmarket.com would choose the right time to publish. It is reported that global market group in April this year from the collection of rich, NIFSMBC and other companies, the initial financing of 30 million of dollars in cash has been accounted for.

According to the two quarterly report released by Tradelink, corporate revenues have slipped, but Ye Guoxin, the managing director, said that this was only a financial algorithm, with "a 10% per cent decline in exports to the United States, but about 12% per cent growth in the first half of the EU, especially in emerging markets such as Argentina, which still have about 100% per cent growth, In fact, in 1-August, our overall exports to the outside world are still growing. ”