VC to Happy net: entrepreneurial ups and downs do not reduce support strength

Qiming Venture Partner, Kaixin investor Donshau

September 21 News, in the social networking site happy with traffic decline, http://www.aliyun.com/zixun/aggregation/12296.html "> Group purchase Business adjustment, Qiming venture partner, happy Net investor Donshau to Happy net cheer , said that China's internet companies have ups and downs, it is impossible to smooth sailing, investors will not weaken the support of happy net.

It is understood that the number of kaixin001.com page visits decreased by 30.22% in the last three months. From the Alexa rankings, happy Net has lagged behind Sina Weibo, Renren, watercress, Tencent friends and other SNS community sites. If from the beginning of 2010, 1.5 time, happy Net's daily user volume fell to about 65%.

In addition, happy NET also adjusted the group buying mode, will buy the products and customer service will be all handed over to the group buy site F Group, the future only to provide Third-party platform services, which makes the industry on the happy network more than a bit of singing the sound of decline.

To this, happy net of the second round of investors to give a response. Qiming Venture Partner, Happy Net investor Donshau recently accepted Tencent Technology interview, said that the Chinese Internet companies ups and downs, each company will encounter similar problems, this is a chance for happy network is also a challenge. Donshau said, Qiming venture in the support of happy net will not weaken, so can help to help, overall, happy net through the game to earn a good income.

More than a year ago, Donshau has revealed that the net has achieved break-even, now Donshau did not disclose the profitability of happy net, only to express the financial situation satisfied. Talk about the business adjustment of happy net, he said, happy net do group buying is a try, with F group cooperation is a good choice. The next six months will have more social activities.

It is reported that, in addition to investment happy NET, Qiming Venture also invested in every guest. On the preparation of the listing, Donshau said that the company went to a certain scale, there are natural laws, in this respect investors do not specifically want them to do something, or do not do anything.

At present, where the customer layoffs are also a matter of concern, the industry believes this is the inevitable result of the company's crazy expansion. Donshau also expressed his views on this. He pointed out that every customer departments to lay off 5% of the enterprise expansion process is an inevitable step of adjustment, for investors, this is normal.

The following is an interview with Qiming venture partner Donshau Record:

Tencent technology: As a happy net investors, how do you look at the plight of the current encounter, from the Alexa rankings, happy Net has lagged behind Sina Weibo, Renren, watercress, Tencent friends, such as SNS community sites. In addition, happy NET also continues to make adjustments to group buying business.

Donshau: happy to do group buying is a try, now they make the decision is more suitable for social business. Specific encounter offline business this piece, with others cooperation is also better, and F group has a relatively good cooperation, this piece we still quite optimistic.

Further down the road, they will have to add more social features in addition to games and software. The next six months should be a relatively large action.

Tencent technology: I interviewed you last year, you said that happy net has been break-even, but there is news that the past 1.5 times, the flow rate of more than 60% decline. What do you think of as an investor in this matter?

Donshau: I think the Chinese internet companies have ups and downs, and now the companies that do Weibo, there are still a lot of growth these years. In the internet every company will encounter these problems, I think this is a good opportunity and challenge, because they play here is still good, so the income is also good.

Happy NET, how to do the effect of the site is a need to think about the topic, in social and e-commerce this piece must do some big try and breakthrough.

Tencent technology: In the outside world generally questioned the situation of decline in traffic, you as an investor, your support for happy NET is not changed?

Donshau: No, because the company does pioneering work is such, not plain sailing, so can help to help, what good ideas to share with them, interesting fun to communicate with them, this is generally with good and bad, growth does not grow will have exchanges of things.

Tencent Technology: You just said happy net through the game income is not bad. Can you tell me how good it is?

Donshau: This aspect of the model we all know, and Tencent's split pattern is very similar, there are good platform for users to play games, users pay, developers follow up to be divided.

Tencent technology: Last year when said the profit and loss balance, this year, how much money?

Donshau: There's no need to mention the company's profits. Anyway, we are still quite satisfied with the current situation, the financial situation is satisfactory.

Tencent Science and Technology: Qiming Venture also invested in the visitors. Every guest has also received a large amount of financing this year, but after the expansion, some departments have 5% layoffs, the whole down a lot of employees left. What do you think of it?

Donshau: When the company grows up, there will always be a period of expansion and adjustment, or some steps, which is normal for us.

Tencent Technology: This year, a message, that is, where customers will be listed in advance, in this respect your investors are holding what attitude?

Donshau: There is no particular attitude, because the company went to a certain scale, there is his natural law, in this respect we do not specifically want them to do something, or not to do anything.

Tencent technology: Like now Jingdong, has also chosen to advance the IPO, in this case, you have what kind of view?

Donshau: E-commerce This piece, Taobao, Jingdong and every guest have their own characteristics, each has its own style, model, the market is big enough, three can do very well. I think this industry is a very big place, three of the distance from other companies may be more and more big.