In the next two years, the Internet industry will be the most frequent investment and mergers and acquisitions of the Times

Summary: After another round of gossip, the internet restored the calm of the past, but the capital market has come to a climax. Sohu, Qihoo 360, Baidu's share price soared. The other side of the scandal followed the chicken-flying dog. Entertainment to the death of the age, the internet was infected

After another round of gossip, the internet has returned to its former calm, but the capital markets have come to a climax.

Sohu, Qihoo 360, Baidu's share price soared. The other side of the scandal followed the chicken-flying dog. In the age of entertainment to death, the Internet was infected. Besides, there are people who play across the boundary.

But there is no denying the fact that in the era of PC Internet, the Giants have grown up, in each subdivision has occupied the mountain as king. And as the mobile internet approaches, the already-lucrative giants are hoping to cut the cake quickly by investing or merging.

From the beginning of last year, the internet giants have been gearing up. "This trend is becoming more pronounced. Thor, managing director of Highland Capital, one of Qihoo 360 investors, thinks they have become smarter and more experienced in capital operations.

There is no eternal enemy, only eternal interest.

Tencent, Baidu, Alibaba, Shanda and so on began a frequent investment and acquisition. At the big PE/VC Investment Summit, there is no shortage of these internet companies in the investment department figure.

A foreign private-equity person believes that internet companies have an innate advantage in TMT investment because of their knowledge of the industry. And many entrepreneurs are hoping to get resources from the Giants ' investments.

On the PC side, already occupy the first three of the segment, not listed companies will face more tests. The combination of Youku and potatoes gives investors another way out. Qiming Venture Gan Jianping that, after the merger is not just a bat thing, more and more two or three line companies will take place integration mergers and acquisitions.

This logic, Archie the acquisition of PPS, Sohu and pplive spread on the gossip, Qihoo 360 also in the waiting for "hounds."

With a little analysis, these companies face a common problem: the first is a certain market share, but the growth is slow; second, valuations are huge and no longer available for financing. (except IPO). And before the investor's fund deadline, the LP is anxious to exit.

and mobile internet waves come, no money is not to play. Even a lot of effort is a thankless task. Therefore, investment and mergers and acquisitions is one of the best ways.

Thor that through investment and mergers, can at least one arrow three carving: Team, products, users. "With good luck, you can find a profitable company," he said. ”

For investors, this is the second way to retire.

The industry is about to enter the "exit phase", according to a PwC report on the private equity fund's 2012-year review and outlook in China. The backlog of exits is a real challenge for the industry, which is bigger than the IPO market can absorb. So industry mergers and acquisitions and two of sales will become more frequent.

PwC Road value chain Transition Services Global partner Zengsting said private placement by way of mergers and acquisitions accounted for 80%.

Once invested in Lenovo, the world's largest private equity investment firm, TPG, has been dealing with a prospective IPO. For a fund that is about to expire, it is not a failure to sell a stake in an investment interest.

For now, the "scale effect and mobility" is the direction that all internet giants tend to.

In the mobile Internet investment, Tencent mainly from the bottom of the operating system, brush machine, application platform to start, nearly two years, Tencent has invested in Le Frog technology, brush machine Master, Brush Machine Wizard, Magic Music mobile phone butler, card and so on. In addition to the domestic layout, Tencent international investment in the domestic internet companies, but also the most. In the field of mobile Internet, Tencent has also invested nearly 10, including micro-letter products KakaoTalk, Pair, Everyme, etc. Tencent's international investments are concentrated in Asia and Silicon Valley.

In addition, Tencent is an innovation factory, DST's LP, and also with Gree, DCM, KDDI and other joint fund.

Like Tencent, Ali is also in the way of "own + investment", is committed to building e-commerce ecological chain, covering the electric business transactions, outsourcing, logistics, data services and other fields. Ali recently announced the investment of Sina Weibo, the map of the gold, the other portfolio also includes: Stranger Friends tools mo, music website shrimp nets, quick taxi, mobile data analysis tool friends, Tintin network coupons, travel app "on the road" and so on. Ali also has a heavyweight application-Alipay, its innate user accumulation and payment advantage, Alipay is believed to be able to fight with the micro-letter only one app.

Chuchang, vice president of Alibaba's wireless division, has said that mobile Internet is one of the most important strategic priorities of this year's Ali department. For Ali, how to replicate his advantage in the PC Internet field in the booming mobile internet is a top priority for future development.

Baidu's investment in mobile internet is more like the extension of the PC end business, such as Archie, Philharmonic Live, art, where to go, such vertical search is based on its "middle page strategy." "That is, the user through Baidu one-time search can not reach the target page of the problem

For Baidu's investment logic, Baidu is responsible for investment soup and Songzeng Introduction, the first is to strengthen the core business, followed by the ecological chain or the construction of ecosystems, in addition, is the future opportunities for investment.

Many investors have communicated that the next two years will be the most frequent investment and mergers in the Internet industry. Mergers and acquisitions ferocious. Are you ready?