Wang Capital: VC PE has been far away from the platform of the electricity business investment

"Http://www.aliyun.com/zixun/aggregation/32866.html" > Billion power Network news, November 7, in a recent event held in an investor salon, the vice president of the Qing branch capital Wang revealed that Many domestic investors and investment institutions have ceased to invest in platform-type electric dealers, including the department store platform and vertical field platform. She said most of the country's investment institutions have been unable to accept the current level of investment required by the department store platform, and the vertical sector platform has been able to cast, leaving few opportunities.

"Platform class Enterprise, now basically do not think, in general, regardless of the renminbi or the U.S. dollar, domestic investors have been cast, last seen a big investment platform, meticulous look at the original is Temasek, these are the government supervision of the money, the strength is very strong, and that scale only such investors can intervene. "In addition, Wang said the vertical sector platform, which reached its hottest climax two years ago, is now rarely seen by domestic investors." "All of the areas you think of are already investing, and the price war has been a long time, and it's not as if you've been beaten to death and you haven't lived much." ”

Wang said, now the capital market for the future development of electric business enterprises generally look flat, domestic gem has been very difficult, and the general concept of the electric business fundamentally do not go, investors in the hands of those narrowly VC, PE to the electric business has been quite cautious cast. And they are starting to focus on new opportunities, such as mergers and acquisitions by large platform companies, which are not homogeneous "big and small", but rather to make up for their own genetic development gaps in mergers and acquisitions.

At the same time, Wang it seems that although investors rarely pay attention to the platform, but the vertical area if deep digging, there are still some opportunities exist, but only if the team has a strong internet and traditional retail operating background.

"Some traditional companies come out, and then with some very deep internet background of the strong coalition, we are 40, 50 years old, they have a complementary way of cooperation has been very accustomed to a responsible line under a responsible line, there is good communication between each other, such a team start development will soon. But this is not the average person to vote for, because they do not lack the money themselves, and the industry and business operations tend to be more than investors understand. Only these people have some special needs, so that some investors with special backgrounds can insert them. ”

Wang said that in some of his contacts, the most successful case is a combination of such a background team, two years, no VCs, has now done almost 200 million scale. And Wang revealed that such an enterprise scale to the present level will be very tangled, the listing is not meaningful, early no need for money, late money is not used. So she thinks that the next step is to look at the industry first, and the current stage of business to the investors adverse information, so many investors began to suspect that the company has entered the bottleneck.

It is understood that, in addition to the focus on large platform mergers and acquisitions, there are many domestic investors have looked back to business-to-business or some similar b2b2c and other new models.