Itools growth quickly to invest Fang Jinsheng Group

1.9 billion dollars high price

October 30 News, with the rapid popularization of mobile internet and smart machines, as an important mobile phone tools and software distribution channels for the application of the assistant has also been the pursuit of capital markets. This July net Mirs 91 mobile phone assistants to 1.9 billion U.S. dollars to sell to Baidu, as the largest internet trade in China so far, 91 of the assistant's investors also earn several times the high premium exit.

June 2012, the Hong Kong-listed Kam Shing Group (00794). HK HK $35.7 million to acquire Itools parent company Speed Group 2¥q (TSGL) 51%, TSGL founder and technical director of Mr. Fenglingyi, Tencent 1998 years of entrepreneurial early veterans, has participated in the development of QQ. TSGL's business is to develop Apple device synchronization management software itools, development, operation of web games and mobile games.

In the game business, TSGL Development and operation of the game, including "Napoleonic War", "War of 2012", "War Flow", "Athuria" and so on. At the same time, TSGL has signed a cooperation agreement with the largest United States transport platform Aeriagames.com and China's largest web game company Beijing Fun Tour, and signed a content supply contract with Tablet PC maker Wanda. The number of game users is expected to be nearly million this year, revenue will reach 30 million yuan.

By Tencent early start-up staff seal Lin Yi and tribute starfish Development itools, catch up with the rapid growth of iOS equipment opportunities, has grown into Apple equipment synchronization management software, the top three, is expected to exceed 50 million users this year. Because of the good relationship with Tencent and technical strength, also become Tencent's partner, Tencent is personally invested in Itools, shares 19.99%.

Recently, the market has news that UC companies want to buy up to 100 million U.S. dollars PP assistant, as the industry's itools, valuation is high, the rapid growth of itools before the verbal way to inform the Jin Sheng Group will cancel last year has reached the acquisition transaction. Itools may think that it grew too fast, the original Jin-sheng investment too little, accounted for too much, but the deal has been reached can not be arbitrarily canceled, Kam Sheng Group as a listed company, not only for the project invested in the responsibility, but also for its shareholders.

China's internet companies are in the high-speed development of the fast lane, want to do bigger and stronger, overseas cooperation, financing, listing, each step requires the spirit of the contract, need every responsible enterprise to comply with, we will create more such as Tencent, Baidu and other internet giants.