One, cloud computing
The migration of enterprises to the cloud is a general trend. It can be seen:
1) public and private cloud market growth still goes hand in hand, not a zero-sum game;
2) IaaS level: it is increasingly important to have a diversified ecosystem of business applications, such as Amazon, Google, Microsoft, etc.;
3) SaaS level: mainly focused on human resources, OA, CRM, marketing, B2B Bulk SaaS level: mainly focused on human resources, OA, CRM, marketing, B2B bulk purchasing, etc., such as SalesForce, Sap, Oracle, etc.;
4) PaaS level: there is no independent giant, the future is more likely to be extended by the IaaS giant upward or SaaS giant downward.
The domestic cloud computing market is still in its infancy, and the market cake is becoming more and more attractive. We predict that:
1) although Ali, Tencent, Huawei and other IT giants and so on have entered, but the complexity of China's enterprise market makes the IaaS level there are still opportunities;
2) SaaS level: in addition to focusing on the above segments, should also focus on analyzing the specific products and services whether to meet the actual market demand of domestic customers.
Two, big data
Big data industry financing totaled $800 million, $1.54 billion, and $2 billion in 2013-2015, respectively; 10, 42, and more than 50 financing events in 2013-2015, respectively. Big Data+" has penetrated into almost all industries, such as "Big Data+Retail" represented by Alibaba, "Big Data+Medicine" represented by Ding Xiangyuan, "Big Data+Medicine" represented by SouFun Big Data+Retail" represented by Alibaba, "Big Data+Medicine" represented by Ding Xiangyuan, "Big Data+Real Estate" represented by Soufun, etc. Our investment strategy in this area is:
1) for resource-based big data companies: the data resources are large enough to be complete, the value of the data is imaginative enough, and the data mining and integration capabilities are strong enough;
2) for technology-based big data companies: the technological threshold is high enough to allow the company to quickly form a large-scale effect, the network effect, and thus quickly capture enough market share;
3) for application-based big data companies: the company has to be able to quickly form a large-scale effect, the network effect, and thus quickly capture sufficient market share;
3) For application-based big data companies: the application market is large enough, and the company's growth is good and realizable.
Three, virtual reality
We believe that the virtual reality industry has been in the eve of the outbreak, from a simple logic, people can not be satisfied with the 2D picture and 3D image services. Virtual reality is actually a computer system and sensor technology to generate a panoramic environment, so that users in this new environment to mobilize all the senses to generate human-computer interaction, giving users a perfect sense of immersion, while users can play in the environment to create endless imagination.
At present, the global virtual reality industry is still in an early stage after nearly a century of development, and the supply chain and all kinds of supporting facilities are still being explored. However, the development prospect of virtual reality is fascinating to imagine, with a wide range of application space, such as games, film and television, education, sports, interplanetary exploration, medical and so on. The current major consulting organizations are optimistic about virtual reality in the next five years will achieve ultra-high-speed growth, the outbreak is close at hand. We think:
1) in the short term, can layout virtual reality industry chain manufacturers, from hardware equipment, content production to platform distribution, have investment value;
2) in the long run, virtual reality content will be the soul of the industry exists, investment in mature content industry manufacturers will be full of opportunities.
Four, artificial intelligence
According to Tractica forecasts, the artificial intelligence market size will grow to $11.1 billion in 2024. The initial accumulation of technology and data accumulation has already had a relatively significant scale effect in the past, and thus the tide of artificial intelligence to reshape various industries is about to hit, and triggered a new round of investment in IT equipment.
The intelligent tide will bring a trillion-dollar market in the next 3-5 years. Within the field of artificial intelligence, our main focus in 2016 includes:
1) computer visual recognition (face recognition as a typical example);
2) computer adaptive (with various types of robots as an example);
3) various sub-division of the underlying technology field (such as natural language processing, machine learning and knowledge graph).
V. 3D technology
After the investment fever of 3D printing in the past few years, 3D printing technology has stepped into a new stage, but the application market still needs to be broken through. Experts predict that in 2016, China's 3D printer market size is forecast to expand to 10 billion yuan; at the same time, Wohlers report shows that in 2016 the global market size can reach 7 billion dollars. If the application market can be opened, by 2020 the market is likely to break through 100 billion yuan or even reach 200 billion yuan, just to the medical industry as an example, it is expected that by 2015 only the size of the market can reach 1.9 billion U.S. dollars.
The next new round of investment hotspots in 3D technology, including:
1) 3D printing special materials and their process technology;
2) 3D modeling and personalized custom design software;
3) the emergence of the industry model around the 3D printing technology innovative enterprises (i.e., the combination of 3D printing with the education, health care, and industry 4.0 and other industries).
Six, unmanned technology
Unmanned technology is now mainly used in the field of drones, driverless cars and so on. The U.S. Till Group predicts that the size of the global drone market will increase from 6.4 billion U.S. dollars in 2015 to 11.5 billion U.S. dollars in 2024, with a rapid development trend. Driverless cars have not yet been unveiled, but McKinsey predicts that by 2025 the field will have $200 billion to $1.9 trillion in output value, when China's driverless car output value space at least in the trillion scale, unlimited potential.
In this field, we have already laid out the first brand of industrial-grade drones, EWAT, and will also continue to pay attention to the following subjects:
1) With the gradual liberalization of the policy, Baidu, Google, BMW, Audi and other giants to step up the layout of the unmanned car, we focus on the automotive electronics-related hardware, Internet of Things related to the software, the whole car and other areas of the leading enterprises;
2) In the field of drones, we will focus on excavating very promising high-quality enterprises in the segments of component manufacturing and overall design, as well as in the solution providers of drones.
Seven, robotics
China's aging population is becoming increasingly prominent, the sharp rise in labor costs and the overall economic structure is facing a transition, the rise of the future of robotics and its huge market size has been recognized by major institutions. We believe that in the future, whether short-term or long-term, the robotics industry investment opportunities are huge, from industrial robots, collaborative robots to service robots have a very considerable market size:
1) the future of industrial robots will have a strong self-learning ability and specialization, to a more segmented field and structure of the extension of innovation;
2) collaborative robots can work together with people and are widely used in life. Collaborative robots can work with people and are widely used in various fields of life, belonging to the "cross-border" product;
3) service robots have no upper limit, with a market scale potential far beyond the industrial robots and collaborative robots, and we believe that service robots to help the elderly and medical care will lead the development.
Eight, new energy
China is the largest new energy market, the development of new energy industry is to change China's energy structure, reduce dependence on fossil fuels, colleagues to reduce environmental pollution of the inevitable choice. Strong financial subsidies to promote the new energy industry to maturity, contains a wealth of investment opportunities:
1) lithium batteries in China has formed a complete industrial chain, downstream power and energy storage battery demand is huge;
2) China's new energy automobile market in 2015 to achieve the development of the blowout, production and sales of more than 300,000 units, an increase of more than 300% year-on-year, the world's first Large new energy vehicle market;
3) Supercapacitor has obvious advantages over lithium batteries in terms of fast charging and discharging, high cycle life, and high power density, and it can be widely used in urban public transportation, rail transportation, wind power generation, oil drilling, port machinery and other fields.
Nine, new materials
New materials is the cornerstone of the new economy, China's rapid development in the military, high-speed rail, nuclear power, aerospace and aviation and other cutting-edge manufacturing areas are inseparable from the breakthroughs in the field of basic materials. With the accumulation of basic chemistry, basic materials, nanotechnology and other aspects of scientific research strength, new materials in the field of innovation will continue to emerge, new materials will become trillions of dollars worth of market:
1) graphene's flexibility, mechanics, optics, electricity and microscopic quantum characteristics compared with the current existing materials as a whole have obvious advantages, the future application industry across the electronics, biomedical, military, precision Manufacturing, chemical industry, etc.;
2) carbon fiber is a relatively mature application of emerging materials, relative to traditional materials, good quality, light weight, the future need to continue to reduce costs, breakthroughs in foreign technology blockade efforts;
3) new membrane materials, can be widely used in water treatment, waste gas treatment, lithium batteries and other fields;
4) bio-based materials, used in dentistry, orthopedics, etc., can replace and repair human tissue and organ function.
Ten, medical services
The driving factors for the medical services industry in 2016 came from the continued decline in the drug industry boom, as well as changes in the drug price formation mechanism. Driven by hierarchical diagnosis and treatment and doctors' multi-practice, public hospitals create incremental prices by revitalizing stock assets with the help of private capital. The medical service business provides an outlet for the commercialization of new technologies, while new technologies provide high value-added items for the medical service business. Our investment logic is:
1) business models that meet the interests of hospitals and are medical-oriented, such as rehabilitation medicine, testing field, and high-end medical imaging field;
2) chain specialty hospitals with certain thresholds, such as gynecology and pediatrics, assisted reproduction, ophthalmology, orthopedics, and medical aesthetics;
3) third-party service chains, such as health management and third-party diagnostics, etc.
4) High-end hospitals with core technology and expert resources in first-tier cities.
XI, life technology and life sciences
With the development of genomics, molecular biology and other basic disciplines, biologics and life science and technology are playing an increasingly important role in the treatment: biologics, more and more monoclonal antibody drugs on tumors, diabetes and other difficult diseases to produce breakthroughs in the effectiveness of the "heavy bomb "In 2014, among the top ten drugs in global sales, seven were biologics, of which adalimumab ranked first in global sales, with annual sales of $11 billion; in life sciences, globally, the gene sequencing market grew from $7.941 million in 2007 to $4.5 billion in 2013, with a compound growth rate of 33.5%, and is expected to remain rapid in the coming years; emerging technologies such as cellular immunotherapy are also becoming increasingly important treatments.
Based on the above background, we believe that biotechnology and life sciences is undoubtedly an extremely important investment direction in the field of health, focusing on the following segments:
1) advanced gene sequencing and data analysis companies;
2) technology-driven biologics companies;
3) precision medicine companies with gene sequencing and individualized drug delivery;
3) precision medicine companies with gene sequencing and drug delivery; and
4) biotechnology companies with gene sequencing and data analysis. medical companies;
4) new biotherapeutic modalities that have made technological breakthroughs, such as CAR-T cellular immunotherapy.
XII, medical devices
Medical device market started late in China, but developed rapidly, from 2001 to 2014, China's medical device market size from 17.3 billion yuan to 255.6 billion yuan, an increase of nearly 15 times, the compound growth rate of 23%. However, from the comparison of medical device market size and drug market size, the global medical device market size is roughly 40% of the global drug market size, while this proportion in China is less than 15%, with the development of the economy as well as the increase of the degree of aging in the country, there is a huge potential for the development of the medical device market. Meanwhile, the introduction of a number of policies such as "Special Approval Procedures for Innovative Medical Devices (Trial)" has laid a solid foundation for the rapid growth of domestic innovative medical devices. The key segments to focus on include:
1) high-end medical devices combined with advanced technologies such as robotics and artificial intelligence;
2) domestic innovative medical devices;
3) intelligent home medical devices;
4) imported substitutes for existing mature medical devices.
Thirteen, Internet health care
The rapid development of information technology has triggered huge changes in various industries, but also for the health care industry to bring great opportunities. With the cross-border integration of big data, cloud computing, Internet of Things and other areas of technology and the Internet, new technologies and new business models to rapidly penetrate into all segments of the medical field, from prevention, diagnosis, treatment, purchase of medicines will fully open an intelligent era. At the same time, China's healthcare industry is characterized by the irrational allocation of resources, low quality of service, tensions between doctors and patients, etc., all rely on the Internet technology to improve.
At the same time, we should also see that the Internet health care is still in its infancy in China, and the reform of traditional health care is bound to be a long and arduous process, so we believe that the investment in this field should maintain an optimistic but cautious attitude. The key segments to focus on include:
1) pharmaceutical e-commerce platforms;
2) medical big data analytics companies;
3) online platforms for chronic disease management/health management;
4) smart and wearable medical devices.
Fourteenth, health care
Health care industry is driven by urgent demand and policy encouragement in both directions, will usher in a very certain development opportunities. The future of China's government and individuals will face great pressure of old age, as of 2014, the elderly population aged 65 years and older reached 140 million, accounting for 10.1% of the total population, by 2020 the elderly population will increase to 260 million. At the same time, as part of "Healthy China", elderly care has been elevated to a strategic national level. We will explore investment opportunities along the national proposal to build a home-based, community-based, institutionalized multi-level pension service system:
1) Enterprises involved in the core industry of pension - rehabilitation and medical care, and has the feasibility and potential for chain development model;
2) Enterprises actively exploring innovative pension model.
Fifteen, sports
In the past year, China's giants began to target overseas high-quality sports assets (especially event broadcasting rights and sports operating companies), and gradually move closer to the mature sports profit model - tickets, media rights, sponsorships and sports derivatives, such as LeEco's acquisition of Hong Kong's exclusive rights to the English Premier League and the MLB for three seasons; Wanda's acquisition of Yingliang's exclusive rights to the MLB; and Wanda's acquisition of Yingliang's exclusive rights to the MLB for three seasons. For example, LeTV acquired exclusive broadcasting rights for three seasons of the Hong Kong Premier League and MLB; Wanda acquired Surplus Sports Media and the World Triathlon Corporation (WTC) to become Wanda Sports; and Ali Sports acquired the broadcasting rights of the NFL in mainland China, and so on. Therefore, the sports industry targets with quality event resources and a wide audience will continue to receive capital pursuit.
As China's earliest and most widely deployed sports investment organization, Sino-perfect will continue to focus on the following areas:
1) operating companies with high-quality sports event IPs in various segments of the sports industry;
2) e-sports industry that impacts the traditional sports industry, including content providers and live broadcasting platforms;
3) sports-related smart hardware + data analysis software + software that can be channeled to healthcare and medical services. software + startups that can be channeled into the healthcare field;
4) Internet fitness upstream and downstream companies focusing on mass fitness.
XVI, Entertainment
China's 2015 was a year when the investment circle and BATs advanced in the field of culture and entertainment. Consumption upgrading makes people's consumption habits gradually tilted to culture and entertainment, the consumer crowd and the amount of consumption is also more and more age and growth. 2015 is also a year of independent IP hot, flowers and bones, Luang Pagoda List, Tomb Raider Notes and other waves of film and television dramas broadcasting, Charlotte's Trouble, Demon Hunting, "Lost" series, Ghost Blowtorch, etc. continue to break the domestic film box office record, but also to make a new record. The "Lost" series, Ghost Blows the Light, and so on, continue to set new box office records for domestic movies. In addition, the rise of secondary culture derived from games and anime, and the explosion of self-media that produces digitalized, fragmented and entertaining content will gather a large number of new-generation young users, triggering new business models and opportunities. We will focus on the following segments:
1) companies with high-quality IP content (produced or purchased) and strong IP operation capabilities;
2) self-media and new media with massive users and profitability;
3) big data analysis companies in the culture and entertainment industry;
4) secondary content aggregation communities;
5) pan-entertainment live broadcast platforms, etc. entertainment live broadcasting platforms, etc.
Seventeen, education
The domestic private education market size of more than 600 billion yuan, and one-fifth of the market share of online education has attracted countless capital and entrepreneurs competing. After the baptism of the past one or two years, education O2O (Online to Offline) struggling, not only did not revolutionize the life of traditional education, but also in the exploration of the profit model at a loss. Traditional offline education and training institutions, in addition to having stable offline resources and teachers, have also made a lot of reforms under the Internet+ offensive in line with the development of the times. In addition, the new round of college entrance examination reform will also bring new business models and entrepreneurial opportunities. The education industry is still a gold mine for investment institutions, but we will focus on the following areas:
1) quality offline training institutions for both quality education and test-taking education in response to the college entrance examination reform;
2) vocational education and training institutions and vocational experience-sharing platforms;
3) virtual reality technology companies (hardware+software+software) that can help students improve their classroom experience (at a high price/performance ratio). virtual reality technology companies (hardware + software + content);
4) high-quality IP content producers focused on children's education.