HC buys Zhongguancun, 1.5 billion yuan price deal

Beijing Times News (reporter Liao Feng) yesterday, Hui Cong Network issued a notice that has been with the technology portal Zol Zhongguancun to acquire the intention to purchase the price of 1.5 billion Yuan Zhongguancun (zol), including Zhongguancun, Zhongguancun Mall and the worldwide network of grid sites and other assets, to break the Beijing-east acquisition of Zhongguancun rumors. This is the 3rd time that Zhongguancun has been bought in 15 years.

1.5 billion of the total price, 30% in cash, and the remaining 70% will be in the form of additional value shares such as the issue of payment. According to the agreement, Zhongguancun general manager Liu and other management needs to make a performance commitment, that is, the gambling agreement: Zhongguancun needs in the next 3 years after the promised net profit of 100 million yuan, 130 million yuan, 170 million yuan.

Liu said in an internal mail that the company's revenue plan will grow more than 10 times times over the next 5 years, and is committed to expanding and developing new business in new areas. Through this acquisition, let Zhongguancun from a media platform to provide advertising services to financial services, E-commerce, O2O, such as the main diversified industrial platform.

Liu said, the HC network services of a number of business-to-business industry resources and more than 11 million of the buyer's resources, and Zhongguancun for technology enterprises to provide a heavy vertical internet media, community, electrical and commercial heavy Internet + solutions can be complementary, the two sides in the business model synergy has more potential to improve space.

HC Network CEO Guo sent an internal mail, to be acquired after integration, Hui Cong net will be formed to Zhongguancun led, including home appliances e-commerce companies, automotive industry e-commerce companies, chemical e-commerce companies, hotel supplies E-commerce Company, Construction machinery E-commerce Company, Security E-commerce Company, Electronic industry E-commerce companies, including the eight vertical e-commerce companies, the future of HC net profit model from advertising revenue to trade commissions, internet finance and ancillary services.

In the PC era, Zhongguancun was once the boss of a vertical technology portal, but it faded in the mobile internet age, an industry insider says. The personage admits that Zhongguancun business content is too many, advertisement sponsorship content is flooded, have no independent, professional and authoritative; it is too slow to force the mobile Internet; Media attributes are too strong, community, social properties are lacking. Once again "prostitution" will open Zhongguancun strategic transformation of the road.

>> Small Information

Zhongguancun

A information covering the country and positioning in the sales promotion of it interactive portal, is considered to be the most commercial value in Greater China's IT professional portal, is a product data, professional information, science and technology video, interactive marketing as one of the composite media.

>> acquisition Process

2004 by the United States Nasdaq listed company CNET acquisition, from a private second-line network company to the domestic front-line network vertical media camp.

The acquisition of CBS, the world's leading media group listed by NYSE in 2008, was once the world's first technology portal (on a user scale).

2015 was bought by HC Net.

HC Net

Founded in 1992, business-to-business E-commerce operators connect business-to-business suppliers and buyers through Internet services, providing business-to-business services such as electronic stores, information promotion, online transactions and internet finance. 2013 its annual revenue of about 838 million yuan, 2014 years ago 9 months revenue 723 million yuan, sales growth of 21%. As the first listed business-to-business Enterprises, HC net entrepreneurship earlier than Ali Alibaba, but later into the business-to-business domain.

>> related

Song performing 2.6 billion acquisition of six rooms

Beijing Times News (reporter Guo Menglin) Transformation Video social networking site, six rooms finally sold themselves a good price. Yesterday, the listed company Song Entertainment announced 2.602 billion yuan to buy six rooms 100% shares online video site.

The six rooms are one of the first video sites to share video clips in China, and in 2009 the video business transformation was cut off, with 9158, yy similar, all through the live performances of the host, performances to attract a large number of users. Data show that as of December 31, 2014, six rooms Internet performance platform for the signing of the number of anchor anchors more than 50,000 people, the number of star Scouts about 4000 people. Its earnings data show that in 2013 and 2014, six rooms respectively achieve net profit of 41.8313 million yuan and-47.0225 million yuan; among them, the net profit of 2014 is 72.2784 million yuan due to the effect of 140 million yuan management fee confirmed by the 2014 share payment. As the six-room CEO Liu owns six rooms and 24% shares, Liu will hold song performing 24 million shares after the deal is completed. In song's latest performance, the stock market value of 790 million.

Song performing arts mainly engaged in performance and brokerage business, in song acting, it seems that the acquisition of six rooms to better use the Internet to improve the way of thinking and even the subversion of the operation and expansion strategy, listed companies to produce the performing arts, variety shows, film and television works can be broadcast in six rooms online platform, The quality performance of the six rooms can be spread through the listed company's offline entity venues.