China's electric business platform, who has the most adequate fodder, can support longer?

Summary: Tencent Science and Technology comprehensive report (Min Creek) industry suddenly spread Beijing East financing 400 million U.S. dollars, Jing Dong finally also cannot boil the capital winter chill. China's electric business platform, who has the most adequate fodder, can support longer? First look at the Beijing East: November 13, reliable news from the investment community

The industry suddenly spread Beijing East financing 400 million U.S. dollars, Jing Dong finally also cannot boil the capital winter chill. China's electric business platform, who has the most adequate fodder, can support longer?

First Look Jingdong:

November 13, reliable sources from the investment sector said that Jingdong Mall has completed a new round of financing, the amount of about 400 million U.S. dollars, the financing value of 7.25 billion U.S. dollars.

Originally scheduled to be listed this year, Jingdong because the city's poor delayed the relevant process, in Beijing, East, Suning War, has always been considered a big mouth Liu (micro bo) and suddenly quiet down. People familiar with the matter said that as early as a few months ago, Beijing East began brewing a new round of financing, the current Beijing-east loss rate of 5.7% to 5.8%, in accordance with the annual scale of 30 billion calculation, a year of net outflow will reach 3 billion yuan.

Another source said that Beijing East account on the cash for 2 billion to 3 billion yuan. The biggest problem for Jingdong is the persistence of losses and the instability of financing channels. If the current loss margin, cash flow will not be able to support a year.

Then look at the current and Jing Dong Sando Mamang suning easy to buy:

As the main line business of Suning listed company, Suning is easy to purchase, and there are three main financing channels: Offline store profit, listed company equity financing, listed company debt financing.

According to Suning's earnings this year, net profit has fallen sharply, offline stores themselves under the impact of online business more and more, the role of blood supply weakened.

In the equity financing, Suning electrical appliances in July completed 4.3 billion yuan directional additional.

In terms of debt financing, in August, Suning also threw out a $8 billion debt issuance programme.

According to the reading of Suning, the group will be mainly used to support the procurement platform, logistics platform, information platform and human resource platform for the construction of more than 12 billion yuan financing projects this year.

From the beginning of this year to 2015 is the most important stage of its capital investment. Suning must speed up the completion of the radiation nationwide all three or four line cities 60 large distribution centers and 12 for the whole product development process of small goods Logistics center construction.

Caixin Network has calculated the required specific funds: The money will be used to the existing 88 of Suning rental storage System to replace all 60 self-built Logistics Base, each base cost 250 million yuan. In addition, in order to promote the online integrated department store products for the division of the distribution capacity, Suning will be in the country to build 12 cost 400 million yuan of the full automatic Inspection center. IT systems, Suning will be funded 2 billion-3 billion yuan, in the country to build eight cloud services data processing Center.

Rough estimate, all the above investment, the demand for capital will sum up to more than 22 billion yuan.

In addition, this September, suning cost 66 million dollars to purchase the mother and infant electric Shanghong children.

Although there is a reliable financing platform for the listed companies of the group, the investment and the capital demand of the merger and acquisition projects are huge, and the current reserves still can't meet the future layout. The future is bound to throw in further financing plans.

Tencent Electric Business:

May 18 This year, Tencent announced the investment of 1 billion U.S. dollars to set up a power company, the integration of its many subdivision platform.

Last year Tencent completed its first round of investment in Xun, and in May this year, Xun CEO Bu Guangzi publicly disclosed that Tencent had a stake of about 80% per cent and that the remaining shares were held by management.

Xun Network CEO Bu Guangzi said that in the next few years, Xun will invest more than 1 billion yuan in the southwest market, Chongqing and Chengdu as the two core warehousing Logistics Base, its service capacity radiation to Yunnan, Guizhou, Jiangxi, Shaanxi and other provinces, covering all two or three line cities in the region.

Day Cat:

Alibaba Group's revenue rose at least 60% in the first half of the year, more than $1.9 billion, according to a Yahoo filing with the SEC.

The document also shows that, as at June 30, 2012, Alibaba Group's current assets of 4.437 billion U.S. dollars, the same period last year, 3.49 billion U.S. dollars, long-term assets of 3 billion U.S. dollars, the same period of 2.99 billion U.S. dollars, the current liabilities of 2.21 billion U.S. dollars, the same period of 1.56 billion U.S. dollars, long-term liabilities of 1.943 billion U.S. dollars, a year ago, 134 million U.S. dollars.

Ali Group CFO Tsai has said that the group last year, the group all sectors of the average profit margin of 40%, the two major shopping sites Taobao and cat average profit rate of more than 50%.

This means that the cat has basically achieved its own blood supply. Just in the past of the double xi. for example, the cat platform turnover amounted to 13.2 billion yuan, according to the cat rules, the cat will be based on different categories according to 3%-5% from the sales of the Commission, which means that the day cat by business promotion on the day more than 400 million yuan.

In a comprehensive sense, the cat and Tencent Electric platform of the capital pressure is the smallest. Although the financing channel of Suning is more pluralistic and reliable, the capital demand is huge. And Jingdong as the first half of the performance of the most outstanding electric business platform, with several other major opponents of the power and the IPO process is blocked, financing pressure will be more and more big. This can be illustrated by a one-fourth shrinkage in its valuation.