Looking back on the 2014 investment sectors bringing unforgettable memories of investment cases

Despite the 2015 past one months, 2014 of the surprise and shock to the investment community is still vivid. In this year, eight of people born in Taobao for Ma Yun sounded the Nasdaq bell, these people have shopkeepers, models, customer service, express, spanning almost all of the electrical business service areas.

The rapid development of China's internet has also led more and more Internet enterprises to the international arena. In this year, in addition to Ali, we also witnessed the United States, Beijing-East, Thunderbolt a large number of enterprises to the road to the IPO.

Behind these achievements is a large number of investors to promote the money, the final harvest of fruit also let investors taste the market sweet. Once the 2015 has just arrived, it is worth looking back at the investment cases that have brought memorable memories to the 2014 investment community.

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Poly-United States excellent products-cost-efficient investment

May 16, 2014, the female type of vertical electric dealers-poly-Mei Excellent products landed on the Nasdaq.

At this time, the distance Chen Au founded the last three years. Three years grinding a sword, poly beauty Excellent product listing confirms an old saying-"Several families happy several worries". An average of 285 times times higher returns not only allowed it to board 2014 of the most deserving companies, but also lamented investors who had missed the opportunity.

Ju Mei formerly known as Group of the United States Network, Beijing Chong Rui Culture Media Co., Ltd. 's electrical business. At the beginning of the Chen Au venture, Xiaoping invested 180,000 of dollars in his angel, after which he continued to pursue the investment. In 2011, gathers the United States completes a round financing, the Sequoia Capital China pioneering fund, the perilous peak Hua Xing venture capital and the Beijing Angel Investment Management Limited Company All is the investor side.

In 2012, Yintai Capital invested in the excellent products of Poly-Mei. Before the 2014 IPO, the United States was also the Pan-Atlantic Capital Group investment of 150 million U.S. dollars.

In addition to the Xiaoping, the early investment of Sequoia China, the peak of Huaxing are partners who are the director of the United States excellent products. From Angel to early investment, these three investment institutions one-woman, it can be said that the last laugh.

As of the financial weekly reporter deadline, poly-US equity market value of 1.865 billion yuan, according to the wealth of financial data show, to Xiaoping initial investment of 180,000 U.S. dollars, accounted for 8.8% to calculate, the investment return to 1023 times times, the income reached billion. And Sequoia and the peak of Huaxing also have 88 times times and 316 times times the income.

The return on such high returns has left investors holding back. Although the United States has been listed, three institutions still have a great relationship. Last October, Chen Au in public that Xiaoping had not withdrawn. According to the results of the enterprise credit information system, Sequoia China's director Ji Yue, the perilous peak huaxing partner Chen Kozhan still serves as a cultural director of Chong Rui.

Alibaba-the highest amount of money to exit

The most anticipated 2014 is Alibaba's IPO plan. The IPO is underwritten by six big investment banks, which have soared after listing. According to data, Alibaba's market value has reached 247.5 billion U.S. dollars as of the press deadline.

Such a strong performance led to investment institutions before the IPO. At present, Ali project a total of 11 investment institutions can exit through the IPO, including Yunfeng fund, Temasek, Li Ka Shing Foundation and SoftBank China. The total exit amount approximates 20 billion dollars.

Several institutions have invested billions of dollars in investment, with investment of $1 billion trillion, the highest amount invested. But in terms of book returns, SoftBank China, despite its low investment, is the largest book return.

A south-South market Personage said: "Ali's withdrawal amount is the highest, but hand Ali investment not only bring profits value, but also enhance the industry visibility." So consider, although the withdrawal amount is high, the actual exit mechanism should still be relatively few. ”

Similarly, while the investment agency is happily holding Ali's investment. Goldman has lost much of its premature abandonment of Ali.

After spending hundreds of billions of dollars on Ali in 1999, Goldman Sachs sold Ali shares in 2004 at $22 million, equivalent to 7 times times the purchase price. Goldman Sachs profited little from a hundredfold return on SoftBank. This time, it made SoftBank the biggest winner in Ali's IPO, while Goldman Sachs was only part of the underwriting Commission.

IPOs are not the only way to exit today, and more and more institutions are opting for mergers and acquisitions to exit. And with Goldman Sachs, which Ali investors can profit from the withdrawal of a lot, may not be reckless action, perhaps waiting to usher in the best opportunity.

Watson vs Sinopec: Single largest and total

According to the data on wealth management, the single investment with the highest investment amount in 2014 was Temasek's equity takeover of the Watson Group.

Temasek invested 44 billion Hong Kong dollars (about 35 billion yuan) in April to acquire 24.9% per cent of Watson's retail giant, Li Ka-shing.

Watson's business includes Bojia, Watson and Superdrug, as well as personal care stores Kruidvat.

In October 2013, Hutchison Whampoa announced a strategic review of its retail business, with the aim of allowing a portion of its assets to be listed in Hong Kong and other financial centres. Temasek's move to make Watson's market capitalisation at HK $144 billion (about 115.2 billion yuan) was seen as paving the road for Watson's listing. Li Ka-shing also said in his performance meeting the expectations of Watson's Hong Kong listing. Temasek is also expected to profit from its single biggest investment.

In contrast, Sinopec's total sales investment, although the largest, but not a move.

Sinopec Sales Company is a Sinopec group. The group intends to split it into a listing, so as to introduce billions of dollars in investment. Last September, 7 investment institutions such as Ka Real capital, CICC development, and Kim Jiakeng invested 36.1 billion yuan to buy nearly 30% stake in Sinopec Sales. Among them, the investment of Ka Real Capital and the development of gold in the front sea is 10 billion yuan respectively.

The investment was completed in just three months, with insiders speculating that such an efficient investment might be behind the urgent need to go public. However, China Petrochemical Group spokesman Lu Dapeng in a recent interview that Sinopec currently has no information to provide. At the same time, he admits that the sales companies of Sinopec's petrol stations and convenience stores have just been approved by the end of last year and have not yet set up a board to talk about the premature investment and IPO.

Thunder--The most tortuous listing

After the IPO was broken in 2011, the Thunderbolt returned. After the last financial loss, after the valuation cut, the Thunder to overcome copyright problems finally on June 24, 2014, successfully listed in the United States.

The road is a difficult one. Once again, the IPO has missed the best time, and the Shenglong's confidence has been thwarted by the repeated delays.

"There were two main reasons for the failure: first, too much detail, leading to a missed window period that could have been successful in April 2011, but missed out on the most important opportunities." Second, it is mired in scandals that affect market capitalisation. In the 2011, the financial scandal and the Vie credit crisis caused the IPO financing to shrink sharply. Shenglong that the 600 million dollar is undervalued and unwilling to bleed in the market. said the market personage.

After this painful blow, however, Shenglong made a series of adjustments: in the business scope to make rectification, the Thunderbolt from the "Digital media content consumer Internet platform" into "Cloud accelerator platform", and the product line has been a dense adjustment, castration a series of products, and finally returned to the "cloud" on.

In the investment period also grasp the investment opportunities, no longer rigidly adhere to the lower market value. April 2014, after the investment in Millet, Thunderbolt once again hit the U.S. market success.

However, after this series of blows, the first investment thunder Morning Hing, IDG has already lost confidence in the Thunderbolt, did not follow the IPO after the investment. Failed to anticipate one of the twists and turns, the two well-known VC, PE in this would have been a shoo-in project suffered Waterloo.