Fast Hand + Baidu + Zhiyou Joint Tackling Byte Jump? Industry: Think a lot

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 Fast Hand + Baidu + Zhiyou Joint Tackling Byte Jump? Industry: Think a lot


Thank you for your invitation. People in the United States, just got off the plane. Welcome old fellow iron to watch me live!

The above expressions are knowledge sharing platforms that know users Tucao. After learning about the quick investment and Baidu strategic investment, users on the know platform have contributed a lot of banter and ridicule. At the same time, they intuitively map out the circle relationship between the three parties which originally isolated each other and tucked each other.

On August 12, Zhiyou announced the completion of a total of 434 million U.S. dollars (about 3.1 billion yuan) of F-round financing, led by fast-hand investment, Baidu follow-up investment, Tencent and todays capital and other original investors continue to follow-up investment, Huaxing Capital as the sole financial adviser.

Fast-hand, Baidu and Zhizhi three independent bodies originally located in their respective circles also broke the dimension wall and formed a complex camp.

Gao Xiaohu, Executive Director of Innovation Works, who is in charge of the project, told First Financial and Economic Journalist that there are many strategic parties competing in this round of financing, but Fast Hand and Baidu are relatively the most resolute and fast-paced. For the company, it is necessary to choose the fastest investor so as to focus on business more quickly.

Despite being sought after by capital, it can not escape the difficulties of commercialization and listing - knowing that Zhouyuan, its founder and CEO, still pursues independent identity.

According to another independent source informing First Finance and Economics, there are also personal selection factors behind byte bouncing missed shares. He said that although it is not yet profitable, with its huge flow pool and high-quality user groups, it is still a good investment target and still has a certain right to choose investors.

According to a close insider to the First Financial Journalist, Tencent has participated in many rounds of financing, and if it invests heavily, it may be upgraded to a holding directly. According to Tian Eye Check data, at the end of 2015, after Tencent joined Tencent as a lead investor, it knew that there were some figures in the follow-up financing, including the completion of $100 million in D round financing in January 2017, the participation of Capital Today, Tencent Industry Win-win Fund, Kaiming Venture Capital, Innovation Works and Saifu Investment Fund, etc. In October of the same year, the D + round financing of Huaxing New Economic Fund was completed; in July 2018, nearly 270 million US dollars in E round financing was completed.

Avoiding Tencent as a controlling shareholder obviously cares about its independent identity, so the share-holding ratio of Quick Hand and Baidu in this round of financing is not high.

On December 14, 2018, Zhou Yuanfa announced the restructuring by email. After the restructuring, the structure is divided into front-end, middle-end and back-end. At the same time, Sun Wei was appointed as the new Chief Financial Officer (CFO), responsible for financial, administrative, personnel, legal and IR (Investor Relations Management), as well as the overall planning and allocation of resources within the company. Since then, we have been aware of such actions as the performance appraisal of the company, the streamlining of the commercialization and video departments, and the transfer of high expenditure costs to non-listed entities, but we have not contacted sponsors and underwriters, and have not prepared compliance information. Therefore, in a strict sense, we have not formally launched the preparation for listing. Subsequently, the listing has been postponed to date due to the cold winter of capital, the unsolved business model and the international economic environment.

Complex capital portfolio

Recalling the experience of quick-hand investment, Zhou Yuan said that when he attended a meeting with Suhua, the founder and CEO of fast-hand, he found that Suhua was using trumpet brush to know about it, while he was using trumpet to brush fast himself, and the frequency was not low. Later, in a lunch time two months ago, Zhou Yuan and Suhua decided to cooperate in about an hour.

Of course, the diversity of management identities determines the complexity of the negotiation process. Wang Lixing, the director and managing director of Huaxing Capital Investment Bank, said that the combination of Tencent, Baidu and Quick Hand did increase the complexity of the current round of transaction negotiations in the knowledgeable shareholder camp. It requires financial advisors to fully understand the business needs, decision-making process and style of strategic parties, to detail the sequence of meeting in negotiations, to judge the willingness to bid, how to borrow strength, the time point of attack and defense, emergency plans, etc.

But he also said that there is no need to interpret fast-hand investment too much. When the downward pressure of the capital market is high, liquidity is concentrated in the head enterprises, and many small giants are even stronger than investment institutions. Capitalized operation such as investment merger and acquisition is not only an inevitable choice, but also with the help of professional institutions, the benefits may be multiplied with half the effort.

Zhouyuan said, Knowledgeable and fast-handed, Baidu, although the product form and user scenarios are very different, but with a large field, users have similar places. We are facing the problem of information islands, as well as the increasing cost of access to high-quality content for users, are the same.

Today, the competition in the field of big media in China is extremely fierce. According to Zhou Yuan, the situation is chaotic and full of uncertainty. In this track, the concepts of live/short video, information/information flow, community/search have been difficult to clearly define each others boundaries. Simply relying on DAU growth and product matrix expansion can not guarantee win or lose.

Founded in 2011, knowledge has grown from an invitation-based small community to a knowledge-based Q&A community with more than 220 million users and 130 million answers over nine years. With the development of Internet content industry and the increase of usersdemand for high-quality content, it is the current trend that the product form is unceasingly blurred to know that the vertical knowledge platform of breaking the circle and breaking away from a few elites is man-made.

There is a natural complementarity between the quick hand who has tried knowledge payment and the knowledgeable who has tried too short video application.

Another new investor, Baidu, said that in the future, Baidu will launch a deep strategic cooperation with Zhiyou, knowing that hundreds of millions of high-quality questions and answers on the whole site will be connected to Baidu App in the form of smart widgets, and individually distributed to users with different interests through artificial intelligence (AI) technology in product matrices such as Baidu search and information flow. u3002 According to Wang Lixing, Baidu and Zhizhi are likely to have synergistic significance at the algorithmic level, which will far exceed traffic linking content. Whether it is advertising transaction DMP (data management platform) algorithm or content recommendation algorithm, it is worth looking forward to. Subjectively, byte hopping has not been regarded as the target or competitor, but objectively, this knowledgeable portfolio has formed a confrontation with todays headline products under byte hopping. With the continuous convergence of short video, information flow, game, search and other format boundaries, the huge byte bounce of business has to face the situation of competing with the combination of big and small giants alone. (First Financial Journalist Qiu Zhili also contributed to this article.) This article is from: First Financial Responsibility Editor: Wang Fengzhi_NT2541

Another new investor, Baidu, said that in the future, Baidu will launch a deep strategic cooperation with Zhiyou, knowing that hundreds of millions of high-quality questions and answers on the whole site will be connected to Baidu App in the form of smart widgets, and individually distributed to users with different interests through artificial intelligence (AI) technology in product matrices such as Baidu search and information flow. u3002

According to Wang Lixing, Baidu and Zhizhi are likely to have synergistic significance at the algorithmic level, which will far exceed traffic linking content. Whether it is advertising transaction DMP (data management platform) algorithm or content recommendation algorithm, it is worth looking forward to.

Subjectively, byte hopping has not been regarded as the target or competitor, but objectively, this knowledgeable portfolio has formed a confrontation with todays headline products under byte hopping. With the continuous convergence of short video, information flow, game, search and other format boundaries, the huge byte bounce of business has to face the situation of competing with the combination of big and small giants alone.