Neither the blue sky behind the tale of the demon-catching, Tencent video, also are behind the return of the great sage Hengdian, October culture, each behind a hot film, have a strong capital base as a support, the Gui Bao was no exception in its investments, domestic well-known PE--cornerstone capital columns.
Foundation capital is one of the earliest venture capital institution in China, currently manages assets of more than 20 billion yuan of the Fund. In 2013, the cornerstone capital has set up a film investment fund, began his career in film financing, currently has successfully invested in the day of the Fireworks, the golden age, and 2 the adventures of a mysterious world, gardenia flowers and other popular films.
Business 1: surge in premium content
According to statistics, China has become the world's second-largest film market, and continue to narrow the gap with the North American market. The 2014 national film grossed 29.639 billion yuan, an increase of 36.15%, nearly 30 billion yuan, and an annual growth rate of 10 billion, of which domestic movie box office 16.155 billion yuan, accounting for 54.51% of the total box office, domestic films exceeded imports for the first time.
Managing partner of cornerstone capital gourd believes that an important feature of today's society, is the independence of entertainment and society as a whole, consumers like interest to do more and more things, and obviously the age levels, after the, after 00 like bullets, animation, the second element, such as culture, $literal, generation for variety shows, mainstream culture to maintain a high passion. Meanwhile, both also has common of at, like day diffuse, and beauty drama of consumers, not refused to real has value, and has connotation of domestic television works, instead is in recent years excellent of domestic television works relative scarce, content of premium in constantly soared, this a is a value depressions, is most with investment potential of place, recently hot of caught demon remember, and St return, and Gui Bao, several domestic animation is example.
Business 2: key to success in the human
Talking about the key culture industry investment-bellied gourd, think what's most important is to find the right team, in the cultural and creative fields most important asset is people. Recycling the next Ali MA s glory and ambition
In February this year, cornerstone capital of 143 million stake in network game Jie Shou investment in billions of investment this year. As a tour for the Foundation of the new gaming company, where the network has not yet launched work under the condition of water,
Why such a big cornerstone capital?
The answer is people.
Cornerstone capital value is not where the network leader Cao Kai and the production team behind in the domestic game, Cao Kai was a prominent figure, is currently the only continuous introduction of China's game industry liangkuanyi grade gold producer, is also China's first domestically produced Games overseas income billions maker. He created the play Hall and the Divine Comedy popular in more than 140 countries and regions in the world, operating in 135 on the platform, users a total of up to 1.5 billion. He game foreign influence in China to unprecedented heights, Seventh Avenue, Shenzhen science and technology was founded by him also take this as the world's leading tour developer.
Seventh Avenue was swimming after the acquisition, Cao Kai in 2013, the creation of the network and acted as CEO. Since the founding in 2013, the new game company has been around for two years, developed into a framework complete, none of the core or default of the well-known enterprises in Guangzhou, Shanghai, Chengdu has set up subsidiaries, reserves for future development has abundant human resources.
Business 3: seize the invisible giant
In the field of cultural industries, cornerstone capital investment there is something to be praised in the industry, discerning realized that the best of animation--the original animation. Force animation in the country is very low profile, VC areas few people bother to cornerstone capital after exclusive 70 million yuan of investment last year, Tencent and other Giants have also invested in the original animation. Compared to at home's low profile in Hollywood, the force is at present only one is accepted by Hollywood animation film production company animation enterprises in China, from companies in terms of size, the force within the top three in the international animation industry, the largest in Nanjing, Beijing, Shanghai, Chengdu and Los Angeles have set up teams.
From 1999 established yilai, original force is committed to for both at home and abroad game, and television issued business provides art outsourcing and the television animation making service, and dream factory, and Sony, and Tencent, and Microsoft, established has cooperation relationship, participation too much Department famous animation works and large game of making, as for dream factory making of cartoon Tamer Dragon remember: Bo grams island of Dragon Rider, the tablets in 165 a national of cartoon TV network HD channel broadcast; for Tencent making bucket Ares 7 minutes game opening, Elected to the highest global CG pageant SIGGRAPH Electronic Theater and played as a CG industry to the world title. Recently, the force is just television with foreign giants to complete an animation movie, be launched globally.
Business 4: early risk control
PE institutions such as investments in the cultural industries in recent years began to heat up, gourd believes that cultural industry there are three major hot spots, one is copyright pricing began, two popular anime cartoons, and third, network dramas, short films, shows continuing concern.
But, face flocked of the road culture industry investment funds, gourd think culture industry of investment risk also is need ahead of prevention: while culture industry of investment cycle are compared long, returns relative compared slow; II is culture industry need strong of across market, and across team of integration capacity, large civil personal funds, and enterprise funds into television field, production out of television works, often in creation team, and promotion team Shang stretched, eventually had to failed and return.
In avoid investment risk aspects, cornerstone capital take has two species investment strategy, a is focused Yu investment culture industry potential dark horse of equity investment, like early in 2007, cornerstone capital on spent 50 million Yuan investment has mad has! Gui Bao series comic of copyright party--mill iron books, mill iron books had build has Tomb notes, and Ming those thing, and Hou Gong Zhen嬛 biography, and wind, classic masterpiece. Other investment strategy is to set up a Fund for film and television, from professional video team is responsible for film and television production, including plays, directors, screenwriters, actors, cornerstone capital has primary responsibility for funding, including financial issues, financing, such cooperation is conducive to the effective combination of both art and financial resources.
Business 5: focuses on three main areas of TMT
It is understood that the cornerstone businesses have more than 70 since the founding of the capital, more than 60% lead investor, through a successful IPO, mergers and acquisitions, such as backdoor way to exit 26, exit rates and yields are significantly more than the industry average. Among them, a large part of our portfolio companies for the TMT (technology, media and telecommunication) industry, cornerstone capital investing in TMT experience, achieved a very good returns, cornerstone capital will also raise a TMT private equity funds in the near future.
For TMT investment, gourd said cornerstone capital main concern three a field: first is see was voted enterprise whether can created quality content, this in culture industry investment in the very key; second is see was voted enterprise whether has emerging technology, whether has technology threshold and technology barriers, this is in artificial intelligence, and virtual reality, and robot, field special important; three is see was voted enterprise whether can convenient connection communication, such as social, and logistics network, and information passed, field.
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