Storm video transferred to list business model or impede high growth
United States capital market environment changes for going overseas-listed Chinese companies to become more cautious, began seeking to fight the a-share market. Yesterday (on April 10), from SFC disclosure of latest file displayed, video play device storm audio has started landing Venture Board of plans, and storm audio together submitted application of also has Beijing Wu God century network technology company limited, and Suzhou snail digital technology company limited, and Beijing China Green au information security technology company limited and Beijing Chinese online digital published company limited, this five home Enterprise covers video, and game, and security and the digital published, area.
Size and time to market have not been disclosed
The daily economic news yesterday from the storm audio and Tung MI Department confirmed the news, for the financing of specific size and time to market, it made no further disclosed.
In fact, as early as last year, storm Media CEO Feng Xin disclosed, this year there will be IPO-related actions. Just listed this at home, and Feng Xin plan seems a bit out of before, its last November said in a media interview, scheduled to start overseas listing this year.
Analysys International analysts Qi Jianzhe on the daily economic news reporters, storms, audio and the choices listed on the growth enterprise market, mainly on the United States market condition is not very good. But before the “bloody” can be seen listed, United States investor confidence in the shares of the market has not fully recovered. Is also listed on the Hong Kong Stock Exchange is not selected, mainly because the higher capital market issuance costs on the one hand, on the price-earnings ratio is lower than a-share market and other overseas markets.
According to the economic daily news reporter has learned that the United States lower the threshold listed, investors on profitability is not a hard requirement, more of a look at the growth of enterprises and operational measures. While the a-share listing on the gem, have rigid requirements on enterprises profit indicators.
Consolidate or Huawei Terminal
According to the audio prior to the storm’s external situation, as early as in 2009, the company has been profitable. Relevant data show that storm video has won a total of 3 rounds of financing. In October 2006 and April 2007, access to IDG has invested US $ 3 million and $ 6 million respectively. In December 2008, the storm audio once again courtesy of matrix partners China pitch, IDGVC with investment of 15 million dollars.
Immediately after, I get a message that, in order to achieve market, storms, audio and carried out a series of stock comb. Storm video matrix partners China and obtained by IDG dollars the investments of the Fund all exit, in which IDG retreat owned just quit the dollar fund, funds still retain some shares, out of part of the funds will be purchased by stone owned by CITIC Securities Investment and Huawei, Huawei investment mainly belong to the strategic investment, integration in the next storm video or your Huawei Terminal.
However, even if the storm audio successfully listed is still faced with the problem of copyright. In 2011, the storm audio use 16 made unauthorized movie been criticism of national copyright administration.
In addition, the industry believes, due to the storm audio and limits of their business models, will also face considerable pressure following their listing.
IT comments people Cao Yue flat on daily economic news under reporter said, storm audio just a single of play software, itself master of copyright internal does not has advantage, in video website widely purchase copyright of now, in upstream resources area lack enough of stamina; also, as simple of third party play tools, storm audio in social of, and mobile of, area and no major breakthrough, led to on user attractive limited, is easy is system since with tools or other has powerful platform do backing of software replaced ; Storm audio is in the year can lead to disconnection of the Internet’s largest player in China, but today has appeared playing software such as Thunder, QQ also behind strong opponents such as audio, which means that its purely rely on marketing and advertising revenue model, it is difficult to get high growth Internet businesses need.
The daily economic news