Internet mergers and acquisitions blowout giants are not like plagiarism?

Recently, the Internet, mobile internet industry fish drama constantly staged, first Ali shares micro-blog, and then Baidu acquisition of PPS, last week Ali announced the investment high Germany map, plus Sogou was 360, Tencent, Baidu bid rumors, people can't help asking, these internet giants how? China's Internet market is beginning to enter "Warring States Era"? In the past year, the internet giant, led by bat, has been very active in the investment and mergers and acquisitions activities, especially the Tencent, which has been criticized for "copying and stifling small and medium-sized enterprises". According to the Tiger Sniff report, in recent years, Tencent has made strategic investments or mergers and acquisitions in many fields such as gaming, electricity quotient, mobile Internet, security and so on: 1. Game-Hot (February 2012, strategic investment, unknown amount), Riot (February 2011 Full acquisition amount 1.679 billion), Domain (April 2010 Acquisition of 29% equity 141.8 million, Game Valley (March 2012 Total holding 62.5% 135 million overweight) 2. E-commerce-the same way network (January 2011 Acquisition 30% Equity 50 million) Good buy (May 2011 C Round financing 320 million) Kelan Diamond (June 2011 320 million ) Gao Peng (February 2011 50% shares 325 million) Yi Xun (May 2012 completed the amount of unknown) Art Dragon (May 2011 Acquisition of 16% shares 550 million) 3. Mobile Interconnection-Innovation Workshop (2011 6 co-financing total size 700 million) A-fund ( April 2011 Jointly financed the total scale of 100 million U.S. dollars) Le Frog Technology (July 2012 strategic Investment 50 million yuan) trading treasure Technology (May 2012 strategic Investment 400 million) 4. Other-Jinshan Software (July 2011 15.68% Equity 730 million yuan) Huayi Brothers (May 2011 4.6% equity 440 million Yuan Discuz (August 2010 Total acquisition of 280 million yuan) Caixin media (July 2012 strategic Investment is not known) in April 2012, when Facebook announced the acquisition of Instagram by 1 billion dollars in cash and shares, China's internet was full of " Envy Envy Hate "the tone, Envy envy Instagram entrepreneurial time so short, team so small, lightly sell a 1 billion dollar sky-high price, hate domestic Shanzhai flood, innovation is being rushed imitate environment. At that time, the Netizen's comment was very representative: But, just after a year, as if unknowingly, the situation suddenly changed. In the first quarter of 2013, the media disclosed 12 of the industry mergers and acquisitions, mainly Baidu, Alibaba, Tencent and other Internet, mobile internet start-up companies, which for the accumulation of millions, tens users but still can not find a profit model of mobile applications company is a good news. More mobile apps in the future may be pulled out by mergers and acquisitions. Chinese Internet entrepreneurs seem to have seen the dawn.Why did these giants become "generous"? The giant's sense of crisis at the time of the 2013 mobile Internet Conference, MA was candid about the rapid evolution of the industry's "trembling": "Frankly, it was also a cold sweat." No matter how strong you are in front of the big wave of mobile internet, it is possible to capsize in one months. Do not see a lot of companies seem to be very big, very strong, in fact, may be vulnerable, so to report on the evolution of the industry in awe of the heart, trembling to do everything well, the service well. "Ali, Baidu, although Tencent occupies a dominant position in the era of PC Internet, but in the face of the rapid development of mobile internet and the different genes of PC Internet and mobile Internet, no one has the confidence to say that they have got the ticket of the mobile internet, even Ma said" micro-letter to get the ticket is just mobile internet, Can sit to the end, still is unknown. "Search CEO Wangxi believes that mobile Internet development to a key turning point this year, traditional internet companies if this year do not have the most power to layout mobile internet, will miss the opportunity." In the mobile internet era, big internet companies found that the layout was late and they bought time with money. This year, next year there will be a big integration, big mergers and acquisitions, the big mobile Internet as the core of the acquisition battle. Tencent is also a rare LP in Chinese Internet companies. In addition to being a 300 million-dollar investment in DST, the Innovation Factory's LP, in 2011 with Gree, DCM, KDDI and other A-fund funds to invest in Android products. It is also a good opportunity to keep an eye on the mobile Internet, using its present strength for the future "sons". Happy enclosure of the Warring States period Baidu do search, Tencent do instant messaging and entertainment, Ali do electricity and pay ... The former Giants were clear about their territory, impinging. However, as the respective business layout more and more, cross more and more, the competition is more and more intensive. Investment and mergers and acquisitions, which are based on their strategic development needs, are also white-hot. It is understood that Ali into the micro-bo, UC, gold map and so are not easy, because the back has been facing the fierce competition Baidu. Baidu was rumored to have failed the main UC tour because of Baidu's investment team is not simply, in the details of the merely. A little slack, was the opponent robbed first. Not to mention the Giants themselves go to the team cottage, plagiarism. The promotion of capital market is now in the development of TMT industry, there are more and more capital promotion, it should be said that this is a market mature performance. On the one hand is the capital market cold, corporate IPO difficulties, 10 years ago, the dream of Internet entrepreneurs is independent listing. Now, the dream is getting more and more distant from the entrepreneur, the best way out is probably sell to some internet big guy. Feijianjiang, general manager of the new venture, made a statistic: China's new venture investment since 2005 to make early investments to now, there are about 100 cases accounted for, of which 20 May eventually die, the real IPO will be about 10; the middle part of the 60~70 is needed to integrate or be acquired to the realExit now. That is to say, most projects are to be sold. This fact will cause the VC circle to see the merger of the issue of gradual return to rationality. On the other hand, since last year, Alibaba has launched a number of public opinion offensive for the listing, Alibaba is very clear what kind of story they need to convince investors that they are really worth 100 billion of dollars, so a series of investment and mergers and acquisitions have become necessary. "Small fish" when they should be shot "in the fish" era, if you aspire to be a only small fish with ambition, to do a small fish can become a big fish, do not just say that my creativity is good, my team how good, but also look up the outside of the big environment. After the Giants have built a strong ecosystem, the second and third echelon of the enterprise development are struggling, but also wishful thinking to do the spring and autumn dream of the IPO is very unrealistic, do not forget Friendster lesson. Missed the best time to buy a business, you have not only failed yourself, failed to fight together the brothers, but also to disappoint your users. In addition, there are a number of small business development is good, but also accumulated tens even hundreds of millions of users, but the struggle to find a suitable way to realize the financial return, to have a larger platform for the giant may be a better choice. Comprehensive analysis, now emerging mergers and acquisitions for the entrepreneur is a good side, but can not be said to face the pressure of plagiarism is small, or as before, simple creativity is not competitive, not enough to form a giant or large enterprises to spend the power of mergers and acquisitions. Only the product or service is recognized by the user, the market recognition, enterprises can say that their hands hold a certain weight. Companies come to this point to say that there is another way to go-sell the company. (Start-up state)