There are 500 million to burn funds yy education will buy who

Right now, it is entering the end of the 2014, when the last year of the finale summed up, but also looking to the future, the day to start again. The 100 education of catfish--yy in online education also started the acquisition of chariots at this time.

Last week, 100 education launched two mergers and acquisitions to strengthen the layout of the online education industry. The first, with about 300 million yuan acquisition of IELTS online training field Zheng and his small partners education Technology (Beijing) Limited (Zheng team), the second, spent 120 million yuan wholly-owned acquisition of online vocational Education website Global School.

Some sources said that in the future, YY will also announce a new online education acquisition program. and YY Vice President Yiding also confirmed that 100 education will continue to buy online education team.

Before, YY education has threatened to invest 1 billion yuan in online education this year, now in the two villages after the case, this fund about half 500 million available.

In the future, who will be the next acquisition target for 100 education? Here, Lao Hu might as well do an analysis, to a bold guess.

Generally speaking, a company to carry out mergers and acquisitions, there must be its own plot, the vast majority of the motives of mergers are not the same, or to improve profitability, either to enter a new industry, or to make up for their own short board. The types of mergers and acquisitions are divided into horizontal mergers and acquisitions in the same market industry level (including competing goods), vertical mergers and acquisitions across different fields, and mixed mergers between enterprises in unrelated markets.

And from now on, whether it is Zheng team or global schools, YY is all horizontal mergers and acquisitions. The acquisition of the Zheng team must be a big boost to profitability, which is a team that has a monthly income of 2 million, while the acquisition of global school can quickly enter the field of vocational education, which was previously not covered by 100 education. Presumably, the next potential target for 100 educational acquisitions should also be horizontal online education.

At present, the overall online education in China is mainly divided into early teaching, K12, online English training, vocational education, vertical high-end online education (such as Central Europe online) and so on.

And yy itself is from online English training this mouth into, and in August this year began to move into K12 online education field, and last week, 100 education acquisition of the Zheng team corresponds to the online English field, and global school corresponds to online vocational education. Because online early education, the industry status quo is small, power thin. Online education models are not suitable for children, especially 0-3-year-olds. They are unlikely to take the initiative to live online and video, and parents are unwilling to let their children face the screen for long.

Therefore, in the future, YY acquisition of online early education project opportunities are small. And the core of the potential acquisition target will still focus on K12 and some with YY main industry can form effective complementary, integrated projects.

Collect a circle, list the following potential acquisition objects, pure analysis, Welcome to exchange, do not make bricks.

1, the net

The network is called online education veterans, more than 10 years to step on a few key nodes, from the BBS Lin started, catching up with the first bus of online education; 2005, the transformation of the portal to become a foreign language learning vertical media, through advertising profit; 2009, the introduction of the school, self-built team recording course video. From English training to K12, it also includes group buying, electricity quotient, O2O, community, and the Hu almost contains all kinds of elements.

In all fairness, in the whole online education of the big Plate, the development of the HU is not bad. If the acquisition, the Hu can give 100 education to bring real value, in addition to accurate learning users, there are Community production, precipitation of a large number of learning content. Jiang also needs the help of capital and platform to grow further.

If you consider from the capital level, although the net is profitable, but the plate has always been small. Although the company has many foreign-made preparations for the domestic listing, but the goal of the two-year listing is currently difficult to achieve, behind the investors have to turn gloves are now out of the field just need. And before its valuation and financing are a lot of water, but also many rumors Baidu wants to invest in the acquisition of the Hu, but ultimately there is no below.

From this point of view, the most likely to be YY received under the under.

2. Ape Questions:

The Ape item Bank is the representative of the online education of the examination item, and the resource of the test item and the resources are rich, this is the business that 100 education lacks, can form effective supplement with YY education.

From the business model point of view, the ape is from practice and test to start again into the teaching, this and 100 education from the teaching to start again to practice and test complementarity is very strong, more conducive to the gradual formation of "Coach test" education closed loop.

The most crucial point, the ape database founder and team is the original NetEase team background, YY boss Lee Colling also belong to the original NetEase department, this is the same root of the river of the situation will let each other's contact acquisition becomes more feasible. All this makes YY shares possible.

3, 91 foreign teachers:

By the Century Jiayuan founded 91 foreign Education Network, brand awareness is very good. Over the past two years, however, its development strategy has been wavering, once marginalized and then spoiled. There has been a recent human unrest: The CEO has resigned because of discord with the founder. Many times after the turmoil, there are rumors that shareholders NetEase Capital or will take over.

Business, 91 foreign teachers are gong education entrepreneurship of the highest quality legacy assets, the current cash flow is positive, oral English online teaching business is also a gold mine. If at this time, 100 education swallowed 91 foreign network, to strengthen their own in the English training of the status of the river, and after such a big injury, its valuation is not high.

However, the acquisition of the business, although possible, some difficulties in capital. To know, NetEase is 91 foreign teachers of the main investors, so before will have NetEase will take over the rumors.

4, small entrepreneurial projects, such as the selection of courses network:

The course network is the sideline of education vertical media's multi-knowledge net, which can be guided across the platform and is similar to 123 of the online education field. At present, it has made a certain scale and value, if the acquisition can become a good opportunity for the team to cash out. The most crucial point, will not spend how much money, but also directly to the YY platform.

However, see YY Big Boss can phase such a small shrimp, after all, it can recruit a few horses themselves, to a few guns alone.

In short, the above is purely subjective analysis, the entire online education of the capital acquisition drama will ultimately be how to put the big bosses to vote. I wait for observers, might as well move a small stool, wait for the show.