Sina Micro-blog fund tens of millions of investment in electric companies

Recently, the network has won the Sina Micro-blogging fund 10 million yuan investment. Zhao Ye, founder and CEO of the Drag network, confirmed the news on Weibo. Earlier, committed to do online convenience store Han Shu Bag also received Sina Micro-blog Fund 9 million Yuan investment.

Insiders pointed out that Sina Weibo backed by a large number of users and traffic, has been looking for a reliable profit model. Micro-blogging fund is its rapid application development, building a social circle platform of the advantage, this is the Sina Weibo search for liquidity.

Electronic Business companies are popular

The net is 10 million yuan investment, is Sina Micro-blog Fund the largest single investment. Last year, the network had access to the angel investment of Sina Weibo fund.

Towing Network was founded in 2010, is a headquarters in Shanghai fashion shopping site, while providing experts to dress experts, with questions and answers service, Sina Weibo official clothing platform.

In the Shopping guide field, Mushroom Street and beauty is said to be the most watched two. Zhao Ye founder and CEO of the way is in the middle of the business layer began to do some attempts, in the micro-BO platform launched a drag net clothing butler application, with the help of Sina microblogging promotion. In the application, the fashion authority person transports collocation and the single product, by the user grade, according to the user's preference recommends the single product.

The Zhao Ye is the second venture of the world. Previously, he founded the Metropolitan Forum in 2009 by the modern Communications group wholly-owned acquisition.

April 1, Fast schoolbag online bookstore, the founder of the Dragon Media bookstore Xu Zhiming on its microblog, Sina Weibo fund Han SHU Packet investment of 9 million yuan, has been to the account.

Fast Bag online on June 9, 2010, launched a "limited time to send", "regular delivery" distribution services, promised "one hour arrival" E-commerce distribution services. At present, the fast schoolbag has been opened in Beijing, Shanghai, Xian, Chengdu, Changsha, Hangzhou, Tianjin, seven of the city's users can enjoy 1-hour delivery of services, or by the user agreed to service time "scheduled to send" services.

Microblogging application "incubator"

Sina Weibo has become one of the most heavily used community sites in China, with huge numbers of users and traffic, but until now there is still no clear profit model, although its microblog advertising revenue is increasing.

With the rapid development of mobile Internet, application development "overnight burst red", Apple and Android App Store became a supermarket of application products. Apple and Android operators are sitting on "venue fees" and making a full pot of money.

Sina Weibo in the last year began to try the development of micro-blogging applications, but suffer from the ecosystem can not be built in a short time, so the progress is not satisfactory, therefore, encourage and guide developers to start a business, build micro-blogging application platform to become the main means of Sina Weibo, and the emergence of micro-

Industry insiders pointed out that Sina Weibo fund is its rapid application development, the construction of social networking platform for the catalyst, which is also Sina Weibo to seek flow of liquidity initiatives.

Sina Micro-blogging fund is invested in RMB in domestic companies registered in China, the main direction is based on the application of the microblogging open Application programming interface (API) and other Internet and mobile Internet products which are directly related to Weibo; The single investment quota is 503 million yuan, but no upper and lower limit If an entrepreneur develops a micro-blogging product that requires a very large amount of investment to start, Sina Weibo will evaluate and invest with its venture capital fund.

Moreover, the use of micro-BO Open API Development design products, in the application has appeared in the "Square" Sina Weibo, can be in the micro-blogging fund directly on the home page. The threshold is relatively low, entrepreneurs do not need to submit business plans, their age, occupation, size of the company are not subject to any restrictions.

But Sina Weibo fund screening standards are high, only for innovative, unique, high-quality products interested. It is difficult for an entrepreneur to succeed if it cannot make the product it develops into the top three of its industry. Because in either direction, only the top three items may have commercial value.