Keyword / tags: technology, venture capital, investment, future, tech series
As Wu Shangzhan, a well-known microblogger and partner of Zhen Fund, said: “The new technology wave has come, with bright prospects.” In the coming years, artificial intelligence and blockchain technologies will drive the dissemination of industry innovation and create new business opportunities, leading new industrial revolutions.
Since years ago, Hang Seng, SSE50 and other Asian capital market benchmark indices have grown rapidly, and some stocks are priced at multi-year highs. MSCI and FTSE, international standards for investment, have also listed Chinese A shares.
1. One Facebook is like 5 Alibaba.
In 2018, Y Combinator released Hindenburg Research’s report “Short Alibaba: 2019 – The Year The House of Cards Falls”, saying that “Alibaba’s valuation, listed for nearly a decade, makes no sense.” The stock price fell more than 10% that day.
Although this article may oversimplify the comparison between Alibaba and Facebook, we cannot ignore that the valuation of many high-tech stocks is still out of proportion.
In particular, the artificial intelligence and blockchain sub-fields that many venture capital institutions have invested in have pushed stock prices to new highs for years, while inadequate attention has been paid to profitability.
Yangfa, a well-known listed company in the artificial intelligence field, had its stock price skyrocket and was once the third largest intelligent hardware company in China in terms of market value, but it fell to the current level because its earnings did not match its stock prices.
With the listing of software service company Megvii and Chinese value-added services companies Ping’anaiwang on the New York Stock Exchange on March 26, it is estimated that the total market value of artificial intelligence and big data listed companies on overseas exchanges will exceed $70 billion, accounting for about 32.8 billion Chinese yuan, or about 17% of the market value of Chinese A shares listed in enterprises.
Megvii, face recognition and deep learning companies, issued a letter on its official website on March 18, saying that it would receive a total financing of $500 million in a financing round. Among them, $300 million is a strategic investment from the ever-changing fund.
In the fiscal year ended February 28, 2018, China’s AI chip market revenue was 700 million yuan, up 47.64% year-on-year, according to iResearch; and in most parts of the supply chain, enterprises are showing good performance.
According to IDC’s “2018 Global Server Statistics Report”, two years after Cuurent’s investment in Tongfang Technology Server House (300355:Shenzhen), Intel’s investment in Inspur Group and Chinese technology giants such as Alibaba and Huawei’s investment in memory subsystems and fields such as smart manufacturing have made China’s competition advantage in the emerging field of artificial intelligence stronger.
Alibaba’s overseas listing is a hot topic.
The artificial intelligence (AI) industry chain includes chips, servers, storage, operating systems, data circulation, analysis tools, and application software. Among them, Intel’s data center business, which occupies the high-end market share, is the leading company.
This means that here is still room for Chinese companies to compete.
There are also indications that VC funding will continue to grow in the near future. According to statistics from PitchBook, in 2018, China took the crown for global tech VC investment in terms of the overall value of investment deals with $33.5 billion.
According to a new report from CB Insights, in 2018, financing of global AI technology start-ups totaled $7.4 billion, up 72.2% from $4.3 billion in 2017, and investment in China exceeded $1.2 billion, accounting for about 16% of the world.
Based on the text material above, generate the following WordPress tags: technology, venture capital, investment, future, tech series, Alibaba, Facebook, artificial intelligence, blockchain, Intel, China’s AI chip market revenue, listed companies, financing round, VC funding, CB Insights, iResearch.
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