Consumer change creates "diversity", and profitability is watched

Abstract: Consumption changes to give birth to diversity, profitability, attention. If the Chinese concept stocks at the end of the last century as the first wave of overseas capital Markets, 2004-2005 grand, Tencent, Baidu listed as the second wave, the 2007 Alibaba, Giants listed as

Consumer change creates "diversity", and profitability is watched

If the Chinese concept stocks at the end of the last century as the first wave of overseas capital Markets, 2004-2005 grand, Tencent, Baidu listed as the second wave, the 2007 Alibaba, Giants listed as the third wave, the fourth wave of Chinese Internet companies overseas listing wave has come roaring ...

October 26, by the Sequoia Capital occupies 75.9% of the domestic business enterprise Mai Lin to Nasdaq listing, become the first overseas listed enterprises, and the domestic business "Big Brother" Dangdang also finally "keep the cloud open": According to overseas media reports, the company is about to land in Na City this month.

In addition, the domestic video site Youku has been in the "finishing" state, it is understood that the company will be in late November to the U.S. Securities and Futures Commission to submit the application materials.

In the video site and E-commerce mode, thunder, Oak, Tianya also have disclosed the intention of the next year, if the online games, portals, search engines and so on almost every time the main theme of the tide, the fourth wave site IPO is more show the "diversity" characteristics.

"Consumers have changed"

"The last wave could be counted as the cut-off point for Alibaba, which was at the top of the list." JI, managing director of Morgan Stanley, said in an interview with South reporters. And Alibaba listed as the representative of the "third wave" another milestone is the emergence of tens of billions of dollars in Chinese internet companies.

And summing up the main characteristics of this IPO wave, Ji, is to E-commerce, including video and other new services represented by the diversified business model, "this is because our consumers have changed." ”

According to the Chinese Internet Center data, the "group of companies" listed here The number of Chinese Internet users expanded from 210 million in the end of 2007 to 420 million at the end of June 2010, and the number of Internet users increased rapidly from 46 million in 2007 to 140 million in the first half of 2010, while online purchases have doubled for six years in a row. Since 2005, video, SNS community service has become the mainstream application of more and more netizens.

The profit situation has yet to be tested by the market

And according to the recent Jingwei venture partner Zhang Ying revealed on the news, "in addition to video sites, the current preparations for the listing also includes SNS, one of the top two e-commerce, three companies, wireless internet channels, the top two, one of the famous automotive Internet portal, One of the top three software outsourcing and several well-known software and hardware companies. ”

But in addition to the excitement, some investment bankers joked that China's overseas listed companies were turning the NYSE and the city into a US board for the gem, with some of the still-untested earnings of listed companies causing concern. For example, the video industry, after 酷6网 released the self-proclaimed "Naked", "representing the whole industry" status of the financial results, let people on Youku and the open number of potatoes more sensitive. At the same time, there is no firm confirmation of the investment industry news, another domestic video web site Tudou may be "diverted" domestic gem, "because the domestic market may be more acceptable to the video industry." ”

"Next year is a good point in the market, and I suggest other companies that are ready to go public next year," he said. "Recent Thunder CEO Shenglong in the media interview, but also to peer gave such advice."

In the aftermath of the financial turmoil, overseas capital markets have lowered the market threshold for Chinese companies, and the current growth momentum of Chinese companies in overseas markets has also been an incentive for Chinese companies to list overseas. For example, the NYSE's current listing criteria are basically two, one is the size of the IPO is not less than 60 million U.S. dollars, and the second is the market value of not less than 50 million U.S. dollars.

There are also unnamed VCs who said in an interview that part of the enterprise wind investment "cycle pressure" can not be denied, such as 2005 that year set up a lot of venture capital, even if the cycle is ten years, also basically to the stage of the listing harvest, because also to melt the next round of capital accumulation cases. ”

China website overseas Listing four wave tide

1th wave: The end of the last century

China concept unit represented by three major portals

2nd wave:

2004-2005

Shanda, Tencent, Baidu

3rd Wave: 2007

Alibaba, Giant

4th wave: 2010-2011

Macaulay, Dangdang, Youku, potatoes, thunder, thousand Oak