2倪正东先生成都风投会议介绍ChinaVCMarket200709GN-Chengdu.ppt

VC Fund Raising in China VC Investment in China RMB vs. US$ InvestmentsQ2 2007 VC Investment Stage Distribution Q2 2007 VC Investment Stage Trend(by Deal Number) VC Investment Stage Trend(by Amount Invested) PE Fundraising Remains Robust.. …With Growth Capital the Winner PE: Deals Remained Active PE Investment Strategy Distribution Q2 2007 VC/PE: Overall Industry Breakdown Q2 2007 VC/PE Exit Option Q2 2007 Cross-Border MA VC/PE-backed MA What’s the MA trend in China? China Enterprises IPO – Overall China Enterprises IPO VC/PE-backed IPO – Overall VC/PE-backed IPO VC Investment Deals in Q3 PE Investment Deals in Q3 VC/PE Exit via IPO in Q3 VC/PE Exit via IPO in Q3 Key Observations Zero2IPO Group ? 2006 Zero2IPO Group ? 2007 China VC and PE Market Observation Gavin Ni Founder, CEO and President Zero2IPO Group gavinni@ 2002 2003 2004 2005 $1,298M $639M New Funds Started Total of Funds $699M $4,067M 34 28 21 29 $3,973M 39 2006 2007H1 19 $2,715M VC $992M $418M 2002 2003 Amount Invested New Deals 177 2004 2005 226 253 228 $1,269M $1,173M $1,777M 324 2006 $1,113M 188 2007H1 VC Number of Deals: 121 Numbers rounded for clarity Amount Invested: US$694M + + VC Early Stage Expansion Stage Late Stage $223M $8.6M average* $155M $10.3M average* $4.4M average* Disclosed Value $267M * Averages based on deals with a disclosed value Deals 64 30 16 + VC Numbers rounded for clarity Total Deals in Q2: 121 Total Deals in Q1: 67 VC Numbers rounded for clarity Total Amount Invested in Q1:US$419M Total Amount Invested in Q2: US$694M VC 11 Q1‘06 Q2‘06 Q3‘06 Q4‘06 Q1‘07 $1,768M $2,863M $5,130M $4,435M New Funds Started Total of Funds $7,594M 8 9 10 Q2 YOY : +102% dollars, +6 new funds 13 17 Q2‘07 $5,790M 15 + PE US$1,200.0M US$715.0M US$2,237.6M Fund of Funds Real Estate Buyout 1 2 3 7 Total Amt. Raised for Asia (including China): US$5.79B New Funds: 15 Growth Capital US$160.0M US$1,477.0M 2 Distressed Debt PE 11 Q1‘06 Q2‘06 Q3‘06 Q4‘06 Q1‘07 $3,631M $