Revival of international Internet investment in O2O logistics large data industry

Becoming a top investment group like Warren Buffett's Berkshire Hathaway is a slogan that Fosun International (00656.HK) has been emphasizing in recent years. After the publication of the 2013 annual report, Fosun International CEO Liang that the company's "two-wheeled" layout to achieve this goal has become increasingly apparent.

Yesterday, Fosun International issued the 2013 annual report, the company attributable to the parent company's shareholder net profit growth of 49% per cent over the same period last year, to 5.52 billion yuan. But let Liang more excited is that the company's insurance business in the grafting of the ability to invest in the foundation, the first year that the overall profit, the annual profit of 523.6 million yuan, the investment assets of 13.37 billion yuan.

According to the reporter understand, the current Fosun's insurance plate has the Yongan, Fosun, Pau, three companies, and the beginning of a total of 1 billion euros to buy the Portuguese insurance company, also expected to be in this year and table, by then, Fosun's insurance assets in the total asset ratio will rise from 3% last year to 39%, and steel, Traditional industries, such as pharmaceuticals and real estate, will fall from 71% last year to 45% per cent.

Liang told the reporter, the reason that the layout of insurance companies, mainly hope that the insurance business to provide a large amount of cash flow, to obtain lower financing costs, this is a company to transform a comprehensive financial capacity of the investment group an important way, while the other is to enhance the company's global investment capacity.

Since 2013, Fosun and its management fund, has completed a number of overseas investment projects, regional and investment scale is increasing, in this respect, Liang pointed out that the company's investment in the global market choice, mainly to seek to benefit from China's power projects, Investment in the future may be the world's largest market in the industry of outstanding overseas enterprises, combined with Fosun in China's experience and channels to accelerate its expansion in the Chinese market.

For the coming 2014, Liang thought it would be a lucky year. "The certainty of the global economy is strengthening, with the steady recovery of the US economy and the stabilization of Europe, the Chinese market has the support of reform dividend, consumption dividend, change dividend, new industry development dividend and so on, and in this context, there are still many investment opportunities with reasonable prices, To this end Fosun has made ample preparations for the provision of fodder and ammunition to meet deterministic investment opportunities. ”

For specific investment opportunities, Liang first mentioned the mobile internet, saying the company would focus on mobile internet companies, the HIGH-GROWTH industries associated with mobile Internet, and the O2O and internet finance industries.

In fact, back in 2012, Fosun put forward an active "embrace of mobile internet strategy", the last two years of expansion is also very large, in the direct Internet companies, the internet associated with High-growth Industries, O2O and the Internet financial industry have a lot of investment, including investment in high-growth Internet companies, such as mobile internet, large data, etc. Invest in the high growth industries associated with the Internet, such as distributed warehousing, courier, Intelligent Logistics systems, and investment in O2O and the Internet financial industry.

According to Fosun International's annual report, in the accelerated layout of the Internet, the relevant investment amount in 2013 reached about 2.9 billion yuan, as at December 31, 2013 the balance of 3.8 billion yuan. Specific investment in the perfect world and complete the privatization of media outlets; in the high growth industry associated with the Internet, shares in China's intelligent logistics backbone network-Rookie; in the O2O and Internet financial industry, investment, participation in Ali small loan growth and expansion.

At the same time, Liang said that the company will actively participate in the restructuring of state-owned enterprises, investment is still the focus of choice to benefit from China's power industry. "As at the end of 2013, Fosun's total investment in 21 state-owned enterprise restructuring projects was 6.9 billion yuan, so it also had some advantages in participating in state-owned enterprise reform." ”

In addition, Liang that the rise of the middle class also contains more investment opportunities, including upgrading consumption, experiential consumer services and the personal financial sector, and in the acceleration of the layout of the middle class consumption patterns, 2013 Fosun Related investment amount of about 2.7 billion yuan, as at December 31, 2013 the balance of 7.6 billion yuan.

Liang believes that the challenge of ageing is also an opportunity. "The big health industry is expected to become one of China's largest industries, and in the big health industry, China will also become one of the world's largest market, in such a context, the pension industry, medical industry, aging-related financial and consumer demand will grow rapidly, Fosun is also in the layout of related industries investment, and consider the health care and pension linkage. ”

And for Fosun's traditional real estate sector, Liang said that later will not simply expand the housing development, but to assist the Government's core functions, the construction of urban functions, combined with the company's health, finance, tourism, culture and other fields of resources in the construction function of the development of property, that is, the company proposed "Honeycomb City" concept, " Last year, it was explored, such as the financial hive--the Shanghai Waitan Financial Center BFC, the Healthy hive--the Shanghai Star Fortress Endowment Community, the cultural hive--Yuyuan, this year's main goal is to fall and grow. ”