BAT Investment, Ecosystem & Financial Summary 2014 01/08/2015 BAT Market Cap Comparison (2012.1.1-­‐2015.1.16) Alibaba
Tencent
Baidu
BAT Investment Summary 2014 (P1) BAT Investment Summary 2014
$7Bn -­‐ $8Bn
44
$6Bn -­‐ $7Bn
36
$2Bn -­‐ $3Bn
15
Baidu
Alibaba
Tencent
$2Bn -­‐ $3Bn: Total Investment Scale
15: number of deals BAT Investment Summary 2014(P2) BAT Investment Summary by Type 2014
Baidu
Others
1
3
M & A
4
3
4
8
Pre-­‐IPO
1
1
Series E
1
1
Series D
1
Series C
7
2
1
3
2
1
3
1
Series A
Seed
Tencent
1
Listed
Series B
Alibaba
10
7
7
3
1
1
7
7
5
BAT Investment Summary 2014 (P3) BAT Investment Summary by Industry 2014
O2O 14
3% 2% 2% 2% Games 11
15% Entertainment and Culture 11
4% Technology Service 10
4% Online EducaQon 7
4% 12% Social Media and Message 7
Tools 7
E-­‐Commerce 7
7% LogisQcs 4
12% 7% Online Tourism 4
Online Medical 4
Smart Hardware 3
7% 8% 11% Online LoTery 2
Financial 2
TradiQonal Media 2
BAT Investment Summary 2014 (P4) BAT Investment Summary by LocaQons 2014
China 70
US 15
Singapore 2
Korea 2
Japan 1
Isreal 1
Brazil 1
Finland 1
BAT Ecosystem Baidu – 2014 Financial review Market Cap: $77.058 Billion USD 1
Projected Revenue: Approx. $7.89 Billion USD 2
Number of AcQve mobile users: 500 Million (25/7/2014) 3
Market Price per user: $145.11 USD
Profit Margin (Tm): 28.67%
*Data collected on 6/1/2015
Baidu – Ecosystem Summary of investments 2014 -­‐ Baidu
Date
2014/12
Company
Background
Amount (USD)
Type
Co-­‐Investors
$600M
Venture Round
Google Ventures, NEA, Lone Pine Capital
-­‐
AcQve Users
Market Value per Enterprise value user (USD)
(USD)
Uber
TransportaQon App
2014/12
Pixellot
Video broadcast producQon system
$3M
Venture Round
2014/10
Wanda E-­‐
Commerce
E-­‐commerce
814M
Joint Venture
Tencent, Wanda group
2014/10
Peixe Urbano
The Biggest Group Buying Company in Brazil
N/A
AcquisiQon
General AtlanQc, Benchmark
2014/9
SmartStudy.com
Online learning plakorm
10.6M
Series A
-­‐
2014/9
Innobuddy
Online EducaQonal
10.6M
Series A
-­‐
2014/9
IndoorAtlas
Indoor mapping system
$10M
Series A
KoppiCatch, Mobility Ventures
2014/9
Nuomi
Group Buying Company
160M
AcquisiQon
Renren
3.8M
42.1
160M
2014/9
iQiyi
Photography
300M
Series B
Xiaomi, Shunwei capital
200M
3.55
710M
2014/9
Smartstudy 智课⺴⽹网
Online learning plakorm
10.6M
Series A
-­‐
2014/7
Wanxue EducaQon
Online educaQon
N/A
Series C
DCM, Hao Capital, Legend Capital
2014/5
Blue Harbour InteracQve
Gaming company
20M
IPO
-­‐
2014/4
Liebao Mobile
Mobile service company
20M
Pre IPO
-­‐
2014/4
Hujiang
沪江网
E-­‐learning online website
80M
Series C
-­‐
2014/2
LeCai
LoTery
N/A
AcquisiQon
-­‐
Alibaba– 2014 Financial review Market Cap: $248.965 Billion USD 1
Projected Revenue: Approx. $8.46 Billion USD2
Number of AcQve Users: 307 Million 3
Market Price per user: $810.96 USD
Profit Margin (Tm): 46.33%
Investment Focus: Entertainment & Culture; Tool Apps; E-­‐Commerce; O2O
*Data collected on 6/1/2015
Alibaba – Ecosystem Investment summary 2014 -­‐ Alibaba
Date
Company
Background
Amount (USD)
Type
Co-­‐investors
AcQve Users
2015/1
Kuaidi Dache
Global car service app
700M
Series D
Tiger Fund
67.57
2014/12
MomentCam
Photography app
N/A
Series A
-­‐
160M
2014/12
Momo
Social messaging app
60M
pre -­‐IPO
Matrix Partners
2014/11
Kabam
Mobile gaming company
120M
Series E
Intel Capital, Redpoint Ventures
2014/11
Huayi Bro
Media corporaQon
250M
Series C
Alibaba, Pingan
59.2
4B
60.2M
37.87
2.28M
12M
10.4
125M
24.08B
2014/11
V-­‐KEY
Mobile security
12M
Series B
IPV Capital, ANT Financial
2014/11
KT Play
Mobile gaming
Millions RMB
Series A
-­‐
1M
TV enhancement plakorm
50M
Series D
Translink Capital, lightspeed venture partners
2014/10
LiuLiu 遛遛
Social Networking for pet lover
100's Thousands
Series A
-­‐
160000
2014/9
魔漫相机 Mo Camera
Photography app
10's M
Series A
-­‐
160M
2014/9
Beijing Shiji IT
LAN setup for offices
N/A
N/A
-­‐
2014/8
芭乐⺴⽹网
Media Company
16M
Series B
TCL, Letv.com, Harmony Capital
2014/10
Peel
Market Value per Enterprise Value user (USD)
(USD)
Investment summary 2014 -­‐ Alibaba
2014/8
WiTown
2014/7
Auto Navi
2014/6
Super
超级课程表
Wifi
NavigaQon soluQons
University daQng app
10's M RMB
Series A
-­‐
294 M
AcquisiQo
n
-­‐
137M
10's M
Series B
Sequoia Capital, Ceyuan Venture
2.5M
N/A
AcquisiQo
n
-­‐
614250
500Million RMB unknown
-­‐
100M
2014/6
UC Web
Free mobile web browser
2014/6
21st Media
Media Company
2014/5
Yintai
E-­‐commerce
692 M
unknown
-­‐
2014/5
恒大Football
Football club
192 M
Series A
-­‐
2014/5
卡行天下
LogisQcs
100's of M RMB
Series B
-­‐
2014/5
Cfly.com(酷⻜飞)
Travel site
N/A
N/A
-­‐
2014/5
Chinasmart LogisQc Network 骨干网
LogisQcs
269 M
Unknown
-­‐
2014/5
Singapore Post
Mailing service
25 M
Series C
-­‐
14.448M
156M
2014/5
Meituan
Group buying website
300M
Series C
Sequoia Capital, General AtlanQc
2014/4
Youku Tudou
Chinese video sharing website
1.2BN
Post IPO Equity
YF Capital, Chengwei capital
2014/4
Hundson Technology
Financial sosware and network services
532M
PE
-­‐
10.94
1.5B
277.68M
50M
3.12B
21.9
2.2B
Investment summary Investment summary 2014 -­‐ Alibaba
2014/4
Lys
TransportaQon app
250M
Series D
tFund, GSV Capital
2014/4
Vmovier(V电影)
Video-­‐sharing plakorm
10's of M
Series A
-­‐
2014/4
Wasu
China's media industry
1.05 B
unknown
-­‐
2014/4
Alibaba Picture Group Limited
Media corporaQon
804M
Post IPO Equity
-­‐
2014/4
1stdibs
Online marketplace
15M
Series C
-­‐
Series D
Bill tai,Qualcomm ventures
2014/3
Tango
Social networking app
280M
2014/3
ByeCity
O2O services for tourism
20M
Series B
JAFCO Asia, CBC Capital
2014/2
INMAN(茵曼)
Fashion
10's M
Series B
IDP
2014/2
2014/1
Tutor Group
No.1 live learning
100M
Series B
Qiming Venture, Temesek
CiQc 21
HK investment holding company
170 M
unknown
-­‐
6M
738.8
4.4B
70M
15.71
1B
Tencent– 2014 Financial review Market CapitalisaQon: USD$ 137122M Projected Revenue: USD$ 13087M Number of AcQve Users: 819.8M(QQ) + 468.1M(WeChat) + 638.3(VAS) = 2000M
Market price per User: $ 68.57MUSD
Profit Margin: 29% (extracted from the 2014 Q3 highlights) Investment Focus: O2O; Online Games; Technology Service
*Data collected on 6/1/2015
Tencent – Ecosystem Investment summary 2014 -­‐ Tencent
Date
2014/12
Company
Dots
Background
Mobile game
Amount (USD)
10M
Type
Co-­‐investors
AcQve Users
Series A
Alphaworks, Slow Ventures, CrunchFund
45M
1.3M
2014/12
Kamcord
Mobile gameplay sharing
15M
Series B
Wargaming, GungHo
2014/12
DiDi-­‐Dache
Taxi hailing App
700M
Series D
GGV Capital, DST Global
100M
2014/12
WiWide
Wifi provider, media and markeQng
49M
Series C
-­‐
6.52M
2014/11
Heirloom Tech
Business analyzer
1M
Seed funds
Eduardo Vivas
-­‐
2014/11
Huayi Bro
A film/media producQon company
581 M
joint venture
ALibaba, Pingan
-­‐
4:33 CreaQve Lab
Korean game producQon company
110M
N/A
Line corp
-­‐
Aiming inc.
Japanese game producQon company
N/A
N/A
Nissay Capital
-­‐
RenRen Kuaidi
Crowdsourced delivery system
Series A
Banyan Mezzanine Funds
160M
Blink
Photo sharing and messaging app
Series A
InnovaQon Works, Sequoia Capital
30000
Series C
DST Global, Tiger Fund, Falcon Edge Capital, Vy Capital
10M
2014/11
2014/11
2014/11
2014/10
2014/10
Koudai
Shopping recommending app
15M
20M
350M
Market Value Enterprise Value per user (USD)
(USD)
24.74
161.3M
150
1.5B
Investment summary 2014 -­‐ Tencent
2014/10
2014/10
2014/10
Kuaikan
Photo sharing and messaging app
20M
Series A
Sequoia Capital, HCapital, InnovaQon works, ZendFund
China Lotsynergy
Technology company dedicated to the loTery business in China
86.66 M
N/A
-­‐
Guahao
Online medical service provider
100M
PE
-­‐
GGV Capital, Tandem Capital, Slow ventures
Seed round
2014/10
Tile
LocaQon tracking app
3.5M
2014/9
Wogu.com
Travel website
20M
Series B
Morningside
2014/9
1jiajie
Housekeeping service app
4M
Series A
Shanda Capital
Altspace
Virtual reality social plakorm
5.2M
Seed round
Google Ventures, Haystack, Western Tech investment
2014/9
DingXiangYuan(丁香园)
Online medical informaQon provider
70M
Series C
-­‐
2014/9
e-­‐Home Clean
O2O home cleaning services
4M
Series A
-­‐
2014/9
Woqu我趣
Online travel guiding and reservaQon plakorm
20M
Series B
Morningside group
2014/9
Sinopec
Petrochemical enterprise group
16 B
joint venture
PICC, Munsun Investment
Series C
DCM, Legend investment Advisor, Shunwei China Internet Fund
2014/9
2014/9
DXY
PharmaceuQcal and life science social media
70M
37M
16.22
600.14M
Investment summary 2014 -­‐ Tencent
Wanda E-­‐Commerce
E-­‐commerce
814 M
Joint venture
2014/7
e-­‐Bag
O2O laundry service plakorm
3.226M
N/A
-­‐
2014/7
tomorrow study
Online educaQon
N/A
N/A
-­‐
2014/7
Edaixi
China's biggest internet company
3.2M
Series A
-­‐
58.com
Chinese classified afverQsements website
736 M
N/A
-­‐
-­‐
2014/8
2014/6
Baidu
2014/6
TapZen
Mobile game developers
8M
Venture round
2014/5
QinTianZhu(秦天柱)
Gaming
2.417M
Series B
-­‐
Navinfo四维图新
Geographical informaQon products and services provider
187 M
N/A
-­‐
Series C
CAA Ventures, Sequoia Capital, Thrive capital
2014/5
Whisper
Secret and confession app
2014/4
Weeby
Lets people create website, blog or online store
36M
Series C
Sequoia Capital
2014/3
JD.com
Online retailer
0.24M
Pre-­‐IPO
Tiger Fund, Capital Today
2014/5
36M
34B
Investment summary 2014 -­‐ Tencent
2014/3
MaiMaiBao
买卖宝
E-­‐commerce
0.1 B
Venture Fund
MediaTek.Inc, Sequoia Capital
2014/3
CJgame
Korean game producQon company
0.5 M
25% share
-­‐
2014/3
LeJu
Teal estate O2O Plakorm
180 M
Pre-­‐IPO
-­‐
2014/2
Mgyun
刷机⼤大师
Android sosware
10's of M RMB
Series B
-­‐
2014/2
Tongchen Travel
Travel agency
8.057 M
Series C
-­‐
2014/2
Dianping
informaQon and trading plakorm on mobile
400 M
Series E
2014/2
Picooc Technology
Mobile developer
21M
Series A
JD.com, Gobi Partners
2014/1
China South city holdings
City transformaQon strategy
195M
Post IPO Equity
-­‐
2014/1
Linktech Navi. Technology
科菱航睿
NevigaQng service
9.67M
N/A
-­‐
2014/1
Futu SecuriQes 富图证券
10's of M RMB
N/A
2014/1
renrendai.com
⼈人⼈人贷
P2P financial service
130 M
Series B
-­‐
2014/1
Shangxinghuchuang
商星创互
Game producQon comapny
10's of M RMB
Series B
-­‐
2014
Scaled Inference
Scalable general AI
5.6M
Seed Round
SV Angel, Lux Capital, Khosla
600000
For More InformaRon (P1) ●
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hTp://www.bloomberg.com/quote/BIDU:US
Baidu Financial Reports hTp://ir.baidu.com/phoenix.zhtml?c=188488&p=irol-­‐reportsAnnual
hTp://expandedramblings.com/index.php/baidu-­‐stats/
hTp://www.bloomberg.com/quote/BABA:US hTp://www.staQsta.com/staQsQcs/225614/net-­‐revenue-­‐of-­‐alibaba/ hTp://www.afr.com/p/technology/alibaba_margins_narrow_but_acQve_df1x6a2qCmlget1sXC7SqI
hTp://www.bloomberg.com/quote/700:HK
hTp://www.crunchbase.com/
Tencent 2014 3rd Quarter report
Tencent 2014 product list
hTp://finance.chinanews.com/it/2013/08-­‐23/5200973.shtml
hTp://info.broadcast.hc360.com/2014/11/050849613530.shtml
hTp://www.huxiu.com/arQcle/101834/1.html
hTp://finance.sina.com.cn/world/20141009/215720495805.shtml hTp://www.sme.gov.cn/web/assembly/acQon/browsePage.do?
channelID=1154936207191&contentID=1409183699260
hTp://www.yicai.com/news/2014/09/4017482.html
hTp://www.schinese.com/story/001055983
hTp://www.yicai.com/news/2014/08/4013724.html
hTp://www.askci.com/news/201404/29/291441411959.shtml
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hTp://tech.sina.com.cn/i/2014-­‐09-­‐10/16579603811.shtml
hTp://www.techweb.com.cn/ucweb/news/id/2111217
hTp://www.guancha.cn/economy/2014_11_19_288107.shtml
hTp://tech.sina.com.cn/i/2014-­‐12-­‐02/01309842396.shtml
hTp://pe.hexun.com/2015-­‐01-­‐08/172174025_2.html
hTp://capital.chinaventure.com.cn/11/172/1408931416.shtml
hTp://tech.sina.com.cn/i/2014-­‐01-­‐24/14099125944.shtml
hTp://tech.qq.com/a/20140606/010869.htm
hTp://money.163.com/14/0413/22/9POC0VC800253G87.html
hTp://tech.sina.com.cn/i/2014-­‐06-­‐05/11209419281.shtml
hTp://tech.ifeng.com/bat3m/detail_2014_06/11/36769466_0.shtml
hTp://www.techweb.com.cn/ucweb/news/id/2111217
hTp://www.bbc.co.uk/zhongwen/trad/business/2014/05/140528_alibaba_singapore_post
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hTp://www.techweb.com.cn/internet/2014-­‐01-­‐24/2001386.shtml
hTp://www.itbear.com.cn/n110484c86.aspx
hTp://www.36kr.com/p/209681.html
hTp://news.ename.cn/yuming_20140310_53640_1.html
hTp://it.sohu.com/20140314/n396606454.shtml
hTp://www.techweb.com.cn/internet/2014-­‐03-­‐26/2021772.shtml hTp://pe.hexun.com/2015-­‐01-­‐08/172174025_3.html hTp://tech.qq.com/a/20140505/038373.htm hTp://companies.caixin.com/2014-­‐06-­‐28/100697108.html
hTp://www.mogostudy.com/arQcle/info/art/2343
hTp://tech.qq.com/a/20140902/019570.htm hTp://big5.sinopec.com/group/xwzx/mtbd/20140917/news_20140917_403970485601.shtml
hTp://www.cyzone.cn/a/20141027/264816.html
www.cyzone.cn/a/20141027/264816.html