Summary of capital market information in the past two weeks
Reporting period: 2/8 - 2/21, 2021
Private equity financing
Important industry information in the past two weeks
1, Entertainment consumption
1, 2021 Spring Festival movies total box office exceeded 7.8 billion
Lighthouse Professional Edition data shows that the total box office of the 2021 Spring Festival movie (February 11-17) reached 7.822 billion yuan, an increase of 32.5% over the same period in 2019, and also set a new historical record. During this period, " Chinatown Detective 3" ranked first with a box office of 3.53 billion, accounting for 45.4%, the champion film with the highest box office share since 2017; the second place "Hello, Li Huanying" had a box office of 2.72 billion, accounting for 34.8% - the total box office of the two films accounted for 80%, which was the most obvious time in the "28 Law" of the Spring Festival in previous years. In addition, the number of viewers in 2021 was the highest in history during the Spring Festival, an increase of nearly 30 million over the same period last year; the attendance rate of 45% increased from 44.7% in 2019. In terms of ticket prices, the average ticket price for the Spring Festival period in 2018 was 39.7 yuan, which rose to 44.7 yuan in 2019 and then rose to 48.9 yuan this year, which is the "most expensive" average ticket price in history.
2. "Three-year-old Media" completed nearly 100 million yuan of angel round financing
Recently, Three-year-old Media & Three-year-old Group (referred to as "Three-year-old Group") completed nearly 100 million yuan of angel round financing, with investors Chi He and Zhao Xue. Sansui Group was founded in 2013. It is a comprehensive cultural industry operation platform, deeply engaged in the field of pan-entertainment live broadcast, and operates two major business segments: anchor brokerage and live broadcast sales. The company has a complete anchor training system and a professional operation planning team, focusing on developing all-round high-quality artists and outputting high-quality program content. In 2019, Sansui Group reached a strategic cooperative relationship with Douyin, becoming the only live broadcast guild on the platform for "S+" strategic cooperation. Currently, more than 20,000 active anchors have been signed, covering top platforms such as Penguin Esports, Kuaishou, Douyu , Huya, B Station, and Douyin. The sources of income include commercial sponsorship, self-operated platforms, commercial activities of celebrity celebrities, competition bonuses, and e-commerce around the group.
3. "White Rabbit Video" completed tens of millions of US dollars in A3 financing
A few days ago, "White Rabbit Video" completed tens of millions of US dollars in A3 financing, with Jiayin Capital serving as the exclusive financial advisor. Baitu Video is a short video MCN organization, whose main businesses cover short videos, live e-commerce, Douyin agency operations and brand marketing. To date, the company's number of employees has exceeded 1,000, including Luo Wangyu, who has more than 6.6 million fans in Douyin, which has ranked first in the "Star Map" grass planting list for four consecutive weeks, with the highest single video selling more than 13 million, and there are also KOLs such as Ding Qiqi, Yuan Dashuai, Emotional Records, Dai Grey Thin, Drama Essence Laboratory and other KOLs. In terms of live streaming, beauty is a strong track for Baitu Video. In addition, three new categories of Erluxury, Snacks and Wearing have been added as the expansion direction. In 2020, the company's total revenue exceeded expectations by 50%. After this round of financing, Baitu Video will also be officially upgraded from an MCN company to Baitu Brand Management Group.
4, "PicoPico" completed two rounds of multi-million dollar financing
stranger social product "PicoPico" recently completed two rounds of multi-million dollar financing, and investors include US dollar funds such as SIG and BAI. PicoPico was launched in 2020. It is a stranger social product for urban youth, and is one of the social products under "Qingniu Gossip". Qingniu Going to the Continent focuses on pan-entertainment social products and targets urban youth groups. It has formed a social matrix of QQ mini-programs mainly based on PicoPico Stranger App and Tonight's Love. PicoPico aims to guide users not only to participate in the "passion" and "heart-moving" scenarios, but also to develop the relationship between "intimacy" and "identity". At the same time, "asynon voice Q&A matching" is also used as a supplement to the 1-to-1 matching scheme. It is reported that PicoPico's current DAU is about 300,000, and its revenue mainly comes from virtual props and virtual gifts, with monthly income of more than one million. The QQ mini program matrix includes tonight's love, deskmate CP, miscellaneous thoughts and couple achievements, with a DAU of 2 million.
5 and Steam national server "steam platform" officially tested
Steam server "steam platform" operated by Perfect World recently officially launched testing, which means that Steam, a gaming platform that has attracted a large number of Chinese players in recent years, has been implemented in China in compliance. Currently, the "Steam Platform" has only 52 products and also includes some beta games. Among them are "DOTA2", " Counter-Strike ", "Gu Jian Qi Tan 3", "Dyson Ball Plan", etc. As early as June 2018, Perfect World and Valve, the United States, started the cooperation of this project, with the aim of launching more high-quality game products and better experiences and services through the steam platform, helping Chinese small and medium-sized game companies to go overseas. Affected by the epidemic, Steam's monthly active users reached 120 million last year, with daily active users reaching 62.6 million. Compared with 2019, the increase in game purchases reached 21.4%, and the increase in game time reached 50.7%. At the same time, the number of online players reached more than 24.8 million at the highest.
6, Disney will close Blue Sky Studios
It is reported that Disney will close Blue Sky Studios because the company has some financial difficulties. Affected by the epidemic, Disney's third-quarter financial report was US$11.8 billion, a 42% decrease compared with the same period last year. Among them, the park business was hit by US$3.5 billion, but Disney+'s growing popularity has saved some of the losses for the company, and the company can still make profits. Blue Sky Studio was founded in 1987 and is a CG animation studio. Fox's visual effects company VIFX acquired a stake in Blue Sky Studio in 1997. While under Fox, Blue Sky Studio continued to produce 13 animated films including "Alien Rebirth", " Star Trek : The Uprising", "Ice Age" and "Rabbit", among which the animated short film "Rabbit" also won an Oscar. In 2019, Disney completed the acquisition of 21 World Fox and took over Blue Sky Studio.
Ruijia brief review: Steam's national server has started testing on February 9, 2021. In addition to providing local high-speed servers, high-quality localized game services, VR technology and domestic game content, new carriers will be presented, driving the explosion of new domestic game companies.
2. AI big data
1. Yunzhisheng was terminated for listing on the Science and Technology Innovation Board
. The Shanghai Stock Exchange recently issued an announcement stating that because Yunzhisheng withdraws the issuance and listing application or the sponsor withdraws the sponsor, the issuance and listing review will be terminated according to the "Audit Rules". It is reported that Yunzhisheng submitted a prospectus on November 3, 2020 to list on the Science and Technology Innovation Board, and had planned to raise 910 million yuan. CICC serves as the sponsor and lead underwriter, and Guotai Junan is the co-lead underwriter. According to insiders close to the company, the withdrawal was due to the company's strategic development factors. Founded in 2012, Yunzhisheng is an artificial intelligence enterprise that provides intelligent voice technology and comprehensive solutions to enterprises and users. Currently, services mainly cover intelligent voice interaction products, smart Internet of Things solutions and artificial intelligence technology services. In addition, the company also provides artificial intelligence technology services to leading enterprises, providing customers with intelligent upgrades, cost reduction and efficiency improvement.
2, "TigerGraph" received US$105 million in Series C financing
A few days ago, the graph analysis platform provider "TigerGraph" completed US$105 million in Series C financing, led by Tiger Fund. Founded in 2012, TigerGraph is an advanced analytics and machine learning platform for related data. Based on a distributed native graph database, TigerGraph can support advanced analytics and machine learning applications such as fraud detection, anti-money laundering, customer 360, knowledge graph, network security, supply chain, IoT and network analytics, etc. Compared with other similar graph databases, TigerGraph has more enterprise-level platform functionality and stability, has the lowest cost of ownership and frictionless expansion from gigabytes to TB, and is ready for PB-scale deployment. In 2020, the company achieved revenue of tens of millions of dollars and more than 100 customers, an increase of more than 1 times compared with last year. Its products serve industries such as finance, telecommunications, manufacturing supply chain, network security, and the Internet of Things.
3. "Yida Technology" received nearly 100 million yuan in Series A financing
RPA digital robot solution provider "Yida Technology" recently completed nearly 100 million yuan in Series A financing, with the investor being SIG Haina Asia. Yida Technology was founded in November 2016. It focuses on the application of cutting-edge technologies in enterprise digitalization, providing enterprises with digital robot solutions, and helping enterprises build future-oriented human intelligence enterprises. Its core product is Cube Robot digital robot, which integrates advanced technologies including natural language processing, image and text recognition, knowledge graphs, robot process automation, big data mining, etc., to replace or assist business personnel in completing various process tasks. In terms of implementation, Yida Technology mainly targets financial and supply chain scenarios, sells standardized products to small and medium-sized enterprise customers, and sells solutions to KA customers, and charges annually. At present, the company has served hundreds of customers and has started to make profits in 2019.
4. "Magnesia" completed a B2 round of financing of US$30 million
A few days ago, "Magnesia" announced that it had completed a B2 round of financing of US$30 million, led by Jingwei China, followed by Innovation Works and Yue Capital. Founded in 2016, Magnesia is a lightweight collaborative robot research and development and design of industrial robots and motion control components. Its products are based on the MROS operating system, which can complete online monitoring of workpieces, closed-loop control and other operations. They are mainly used in production links such as electronic assembly, disassembly, packaging, garment and shoemaking, food processing, and laboratory sample pretreatment. To date, the company has gradually built two major business segments in the life sciences industry, providing leading intelligent automation solutions for new drug research and development, genetic engineering, clinical diagnosis and other fields. At present, Magnesia has served nearly 100 companies in the life science field, delivering and putting into use hundreds of sets of intelligent automation products.
5, "Shiyu Technology" completed 80 million yuan in A round of financing
Recently, space cloud service provider "Shiyu Technology" completed 80 million yuan in A round of financing, led by Yingdong Capital, G5 Venture Capital, and Liuheqiao Venture Capital, and the old shareholder Haibang Fenghua continued to pursue investment. Shiyu Technology was established in October 2017 to build space cloud services around geomagnetic positioning technology, using data as a production factor, connecting people, locations and events, and providing intelligent data upgrades to the industry. Currently, Shiyu has launched navigation product "Xiaowu" and data marketing product "Dangwu" for commercial real estate scenarios, helping offline retail industry to achieve digitalization of scenarios and precise marketing reach of consumers, and has reached in-depth cooperation with leading industry companies such as New World Group, IKEA Group, Swire Hui Group, and Taiwan Sun and Moonlight Group. In terms of industrial scenarios, Shidi has launched the personnel positioning management product "Dimen Security" and the real-time data analysis product "Engine A" to help improve the work efficiency of production operators and emergency warning and rescue services.
6. "Qibao Technology" received a new round of financing
Insurance robot service provider "Qibao Technology" recently received a new round of financing from RGAX, a wholly-owned subsidiary of the American Reinsurance Group. Qibao Technology was founded in 2016, focusing on the implementation and application of artificial intelligence natural language processing technology (NLP) in insurance scenarios, and completing the entire insurance sales process through dialogue through independent research and development of emotional intelligence sales robots. The company's independently developed intelligent knowledge graph construction engine has built a knowledge graph for insurance and health care industry of more than 140 million people, covering 95% of insurance products, 95% of insurance and medical institutions, and 99% of disease diagnosis and treatment and medical insurance knowledge bases. At present, Qibao's full range of products have been launched to the market and have successfully signed hundreds of customers. The benchmark customers include China Life , China Life Insurance, JD Allianzone, Cathay Life , Shuidibao, etc., and have accumulated more than 10 million customer accurate portraits. In addition, the company has also achieved comprehensive service capabilities of multilingual and multimodality.
Ruijia brief comment: At present, enterprises need better artificial intelligence technology and related data in the process of accelerating digital transformation, and use powerful data engines to connect, analyze and discover, even in the architecture of cloud platform.This brings huge development opportunities to companies that can provide cloud services for graph databases and analysis platforms. This time, TigerGraph's acquisition of the largest single-round financing in the graph databases and analysis field has also confirmed that the capital market's long-term optimism about this field.
3. Consumption upgrade
1. Naixue’s Tea submitted a prospectus to list in Hong Kong
Recently, Naixue’s Tea Holdings Co., Ltd. (hereinafter referred to as “Naixue’s Tea”) submitted a listing application to the Hong Kong Stock Exchange and initiated the Hong Kong stock listing process. JPMorgan Chase , China Merchants Bank International, and Huatai International are the sponsors. Naixue’s Tea was founded in May 2014. It is the leading brand of new tea drinks in China, creating a “tea + soft European bag” form, with young women aged 20-35 as the main customer base. To date, the number of tea shops under its jurisdiction has reached 422, including 420 tea shops in 61 cities in mainland China, and 1 store in Hong Kong and Japan each. In addition, Taigai, another tea brand of the company, has 63 tea shops in 8 cities. At present, Naixue’s Tea contributes more than 90% of the company’s revenue, and the proportion of Taigai is declining year by year. In the nine months ended September 30, 2020, Naixue's tea's revenue was 2.11 billion yuan and its loss was 27.51 million yuan. If this listing is successful, Naixue’s tea will become the first stock of “new-style tea drinks”.
2. "Central Technology" received 3 billion yuan in E-round financing
Recently, Beijing Central Technology Group (hereinafter referred to as "Central Technology") completed a 3 billion yuan E-round financing, led by Sequoia Capital China Fund and Tencent, followed by CICC Capital, Qiming Venture Capital, Gefei Assets and others. Founded in 2015, Centin Technology is a comprehensive service platform covering three major scenarios: medical treatment, medication and payment. Its business segments include Miaoshou Doctor, Centin Medical Technology, Centin Pharmacy, Centin Huibao, etc. Among them, Miaoshou Doctor has more than 1.3 million registered doctors, with an average daily visit volume of 7 million; Yuanxin Medical Technology has completed the construction and operation of Internet hospitals in more than 200 physical hospitals; Yuanxin Pharmacy has achieved strategic coverage of more than 80 key cities and more than 370 Grade A hospitals in the country with more than 200 hospital-sided and DTP self-operated pharmacies; Yuanxin Huibao collaborates with insurance companies to launch more accurate insurance protection to help patients solve payment problems, and has covered more than 30 million people.
3, "Yicang Technology" completed a US$40 million Series B financing
Cross-border e-commerce SaaS service provider "Yicang Technology" has recently completed a US$40 million Series B financing, led by eWTP, ParadoxLP German Consortium, CCV Chuangshi Partners, and over-followed by the old shareholder Wuyue Capital N5Capital. Yicang Technology was established in 2013, focusing on the field of export cross-border e-commerce and providing information management software for four types of customers: e-commerce sellers, overseas warehouses, freight forwarders, and export factories. In 2020, the company was upgraded to a comprehensive middle-end service platform, building a complete cross-border ecosystem of "SaaS + logistics + supply + resources". The product matrix covers large, medium, small and micro customers in the market. That year, the company's e-commerce SaaS business achieved 100% growth, and the logistics business growth rate reached 3 times. As of the end of 2020, the company's customer e-commerce annual turnover has exceeded 150 billion, accounting for nearly 10% of the total domestic B2C cross-border e-commerce, and has been in a profitable state for many years.
4, "Monster Charging" plans to conduct IPO
in the United States. It is reported that the shared power bank company "Monster Charging" plans to conduct an IPO in the United States to raise US$300 million. It is currently negotiating with Citigroup , CICC, Huaxing Capital and Goldman Sachs, and aims to go public in the first half of this year. Monster Charging was founded in 2017 and is a shared power bank operator. The product is in the form of a desktop single power bank and is mainly laid on the desktop in the B-end merchant store. Users can use it without a deposit by scanning the code. Relying on advanced Internet of Things technology and battery technology, the company provides charging services in multiple scenarios to more than 1,600 cities across the country. Since its establishment, the company has completed five rounds of financing. The latest round is a 500 million yuan C round of financing from SoftBank Asia, Bank of China International, Goldman Sachs China, Yunjiu Capital, Hillhouse Capital, Shunwei Capital, Shangshu Investment and Gan Jiawei. At present, the domestic shared power bank market has basically formed a pattern of "three electricity and one beast" (Jiedian, small electricity, incoming call, and monster).
5. "Neijia Good Doctor" completed a new round of financing of nearly 100 million yuan
Recently, the family medical service provider "Neijia Good Doctor" completed a new round of financing of nearly 100 million yuan, led by Kuanping Capital and Detong Capital, and the old shareholder Kaifeng Venture Capital continued to follow up. Founded in 2016, Neijia Good Medical is a technology-based medical service enterprise. It adopts a combination of general and specialist, online and offline, and medical and health care to provide users with general home medical and health services. In January 2021, Zhongan Insurance , Shulan Medical and Neighbor Good Medical completed the signing of a three-party strategic cooperation agreement, and will conduct comprehensive cooperation in medical insurance, medical standardization, direct insurance payment cooperation, closed-loop medical service and smart medical brand creation, and regional managed medical service exploration. In the future, Neighbor Good Doctor will also promote tiered diagnosis and treatment, promote the diversification of payments, meet the health and medical needs of individuals or families, and gradually realize the upgrade of data-driven services.
6. "Add some flavor" completed nearly 10 million US dollars of angel + round financing
compound seasoning product brand "Add some flavor" recently completed nearly 10 million US dollars of angel + round financing, led by Hillhouse Venture Capital, followed by IDG Capital, Yiling Capital and Qingshan Capital. "Add some flavor" was established in September 2020. It uses the product manager team as the front desk and combines the "data input + super element + base" method to form a product concept. Then, after the back-end supply chain, social media, and e-commerce teams vote separately to finally decide on the production of the product. Currently, it has three product lines: "Mei Sauce", "Ri Xiangsong" and "Biuqian" in Japanese bibimbap. The first two are for young people's dining table scenes, and the latter is for kitchen scenes. On the factory side, the company already has nearly 100 factory resources in Shandong, Sichuan, Fujian and other places; on the channel side, the company's products have entered the mainstream online e-commerce platforms such as Tmall , JD.com, and Pinduoduo , as well as mid-to-high-end food mind e-commerce channels such as MissFresh and NetEase Yanxuan.
Ruijia brief comment: Cross-border e-commerce is a trillion-level market, but currently cross-border sellers generally have pain points such as low cross-platform management efficiency, high internal management costs, separation of procurement and sales, and low informatization level. Different sellers have different digital needs and urgently need multi-level and systematic solutions. Therefore, at the moment when cross-border e-commerce is rapidly rising, it is particularly urgent to build the digital infrastructure behind it, and comprehensive middle-term service providers that can cover the upstream and downstream of the industry have huge development potential.
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