2 capital 「 unable to pay 」 Two years , I can only sell the company

source ：IT orange （ID：itjuzi521） author ： Li Xinxin edit ：Judy

Companies that rely on capital transfusion , Suffer from this epidemic , The road ahead is more difficult

A company from the beginning of registration to the official establishment and operation , And then to enter a benign operation , The difficulty is like learning from the West . The difference is to keep a company alive , It has gone through more than ninety-nine and eighty-one difficulties , Any sudden impact will fundamentally change the fate of the company .

since 2020 So far this year , In the epidemic 、 Under the influence of factors such as economic downturn and changes in the wind direction of the industry , Countless companies queued up for the trial of fate , Or dissipate and exit 、 Or declare transformation , Or be merged to seek support , Live cautiously .

IT Orange data display , From the outbreak to the present （ namely 2020 year -2022 year 7 month ）, A total of 1337 M & A transactions of the company . The specific term ,2020 year ,451 rise ;2021 year ,569 rise ;2022 In the first half of （ The date ends at 2022 year 7 month 20 Japan ）,285 rise . The increasing number of mergers and acquisitions , To some extent, it reflects the instability of the current survival status of many companies .

Especially those companies that have relied on capital transfusion in the past few years , Suffer from this epidemic , The road ahead is more difficult . Many companies have not received financing for two years , There is forced 「 prostitution 」 The phenomenon of .

This article takes 2020 Several mergers and acquisitions that have occurred so far are cases , Make a detailed interpretation of specific companies .

Cloud potential software ： Close to financing 2 Billion , Eventually acquired by Tencent

2021 year 5 month , Technology innovation companies focusing on cloud solutions in the field of Life Sciences 「 Cloud potential software 」 In case of industrial and commercial change , The former shareholder Beijing Yunshi partner enterprise management consulting center （ Limited partnership ） Wait for exit , Guangxi Tencent Venture Capital Co., Ltd. is newly added as the shareholder . After industrial and commercial changes , Yunshi software has become a wholly-owned subsidiary of Tencent .

Disclosure of information , Yunshi software is one of the first enterprises in China to provide life science management software , Mainly using cloud platform 、 Big data analysis and artificial intelligence technology , For Pharmaceutical 、 Companies in medical devices and other industries and CRO、 Hospitals and other clinical related institutions provide cloud solutions for information automation management . Its products cover the sales market 、 Clinical trials 、 New drug discovery and other core business links , Enable the whole process of the value chain of pharmaceutical enterprises .

notes ： The picture is taken from the official website of Yunshi software

Zhang Yingnan, the founder of Yunshi software, had previously founded a medical data service company 「 Haitian imagination 」, Later by the field of Life Sciences SaaS Giant company Veeva Acquisition .2015 Zhang Yingnan founded Yunshi software , For standard Veeva.

In the field of life science SaaS Platform Market , There are only giants in the world Veeva Dominant , When there are few domestic related companies , Yunshi software relies on the past experience of its founder + The breadth of the industry market + The scarcity of existing companies , From establishment to acquisition , Co acquisition 5 Round of funding . The first financing occurred in the month when the company was established , After that, Oriental Fuhai 、 Stone capital 、 Blue Lake Capital joined , And continue to inject capital . according to IT Orange record , Since the establishment of Yunshi software , New financing can be harvested every year .4 By the end of the year , The total financing amount of Yunshi software is conservatively estimated at 1.7 Billion yuan .

But even if you get 100 million yuan of financing , For cloud potential software , Money is still not enough , Because drug research and development is a long-term war of burning money .

Cloud potential software self 2017 Began to devote himself to AI Pharmaceutical work , Try to reduce the research and development costs of pharmaceutical enterprises through artificial intelligence . But in fact , The constant trial and error R & D process itself requires a lot of money to support blood transfusion . One person in the industry said , The research and development of a mainstream drug is nearly one billion dollars . In this case, even if the cloud potential software passes AI Scientific and technological means support to reduce costs , It also needs to pay for high research and development costs .

Yunshi software is also aware of this problem , Intentional adjustment of expenditure .2019 Hu Junping, President of the company, mentioned in an interview , Considering that the development cycle of new drugs is too long , It is difficult to achieve results in the short term , Therefore, the company should increase investment in sales efficiency management and clinical trial management .

But the following epidemic and the low temperature of the venture capital industry , Make cloud potential software in 2019 No new financing has been recorded after , To 2021 In, Tencent sold itself .

Professional analysis , If Tencent can't provide a lot of financial support after the acquisition , Cloud potential software AI Necessary in the early stage of pharmaceutical work 「 Big investment 、 Low return 」 The stage of is still difficult to pass .

ZhiBei Medical ： Once obtained Sequoia investment , Under continuous loss 「 prostitution 」

It is also another company from the medical and health industry —— ZhiBei Medical , Nor can we escape the fate of being merged .

Founded on 2016 ZhiBei medical in ,6 Years later, he was taken over by Junyao medical .2022 year 5 month , The listed company greater East announced , Its holding company Junyao medical plans to transfer equity and increase capital , Know about Bei medical 68.2% Equity of , Total contribution 2775 Ten thousand yuan .

It is reported that , ZhiBei Medical （ Formerly known as paediatrics ） It is a company that provides closed-loop medical services for pediatric patients , Provide daily family health management 、 Parental care courses, health counseling and offline outpatient services .

ZhiBei's founder is a doctor , Plus the scarcity of pediatric clinics 、 Parents pay more attention to their children , Let me know that Bei medical was founded one year later in 2017 In, he received tens of millions of yuan of financing from Sequoia Capital China . thereafter , The company was in 2018 year 、2019 Get tens of millions of yuan of financing every year . Capital plus , ZhiBei medical is 2017-2020 Store expansion during , Yes 7 Outpatient clinics and clinics have been opened .

However , The sudden epidemic has disrupted the progress of ZhiBei medical . Under the epidemic , Offline stores are closed , ZhiBei medical business volume has shrunk significantly , And directly affect the revenue . According to the announcement ,2020 year -2022 year 1 month , ZhiBei medical's revenue is 2370 Ten thousand yuan 、2600 Ten thousand yuan 、149 Ten thousand yuan , The net profit is continuously negative , among 2022 year 1 The net profit for the month was -120 More than ten thousand yuan .

Zhao Qiang, founder of ZhiBei medical, is 2020 In an interview in , If there is no epidemic , The company plans to build the seventh chain pediatric clinic .

Losing money 、 Without capital transfusion financing , ZhiBei medical chose to take the olive branch stretched out by the Great East , Accept the fate of being acquired .

ZhiBei medical, which was sold, at least had a relatively good ending , Continue to live , Other enterprises in the same industry were doomed to collapse without capital support . It is reported that , There are not a few clinics closed down by the epidemic , Pediatric clinics have been hit hardest .

Wave particles ： Director Xiaomi starts a business , Bytecode 「 Swallow 」

This year, 6 month , The acquisition of wave particle technology, a technology company in the two-dimensional virtual social world by ByteDance, caused a sensation .

The reason for the sensation is, on the one hand, that ByteDance , Well known companies are interested in entering the hot metauniverse , I have my own topic ; The other is wave particle technology , The founder of this start-up company and his works are quite interesting .

Majes, the founder of wave particle technology, previously created iMOE network , I'll take the post of HTC And Ge Ling's deep pupil , The most famous experience is working in Xiaomi VR/AR Senior director . During Xiaomi's tenure , Majes led Xiaomi and Facebook Its virtual reality headwear manufacturer Oculus The cooperation of , Also developed a product called 「 Rice world 」 Social products .

With past experience 、 The popular secondary meta culture and the increasingly hot meta universe outlet , Maggie is 2019 Founded the second dimensional virtual social platform wave particle technology 3 After a month , Received several million yuan of investment from Xianfeng evergreen . establish 1 After year , On 2020 year 9 In June, Jingwei venture capital was obtained 、 Source capital and Zhichun capital have invested tens of millions of Yuan .

With the support of capital , Wave particles will soon be 2020 year 11 In June, it launched its own virtual image social entertainment App「Vyou Micro you 」. Pinch people and change clothes 、 Make friends with each other , The novel playing method and the high degree of freedom of creation space allow many players who love the second dimension to find a new soul habitat .

It is reported that ,Vyou After you go online , Whether it's Android channel or Apple App store , Download data surged , Less than one year online , The number of users has exceeded one million .

however , On the rise Vyou Weiyou soon faced difficulties in development . One side ,Vyou More and more krypton gold props are added in the later stage of wechat , This is undoubtedly a heavy blow for players who are mostly young users , And then cause complaints . On the other hand , With the implementation of increasingly strict regulatory policies in the game industry , Many game companies have been affected ,Vyou First you are 2022 year 1 The month is off the shelves on major platforms ,2 Months later, the government announced that it would stop operation , To 5 In January, the personal certification of Founder Maggie's pulse was changed to 「 Bytes to beat Pico The head of the social center 」, And then to 6 In September, there was the acquisition of wave particle technology by ByteDance .

For the acquisition of wave particle technology , There are industry insiders said , The payment rate of product user groups is low 、 The domestic game industry is strictly regulated 、 The overseas market has not taken shape , Under the influence of many internal and external factors ,Vyou You have entered a low period . The choice left to wave particles is to develop new businesses / Product transformation and upgrading , But the company has since 2020 No new financing was obtained after , If the fund is not sufficient, it can not support the development in the middle and late stage , There will be the risk of bankruptcy . Even after the launch of new products online , It may not be popular in the market , In the end, it ended in nothing .

So in this case , Wave particle chose a slightly safer way of acquisition , According to the acquisition of Xibo Particle Technology , The original team 50 More than one person is integrated into ByteDance as a whole Pico Social centers . so to speak , Majes has found a good arrangement for his company and employees .

Beike apartment ： The industry suffered a heavy blow , Sell yourself under shock

2020 year 11 month 30 Japan , Freely tweeted to welcome Beike apartment to join , Then the founder of Beike apartment and CEO Wei Zishi forwarded Weibo , And said 「 Beike's strategic restructuring was officially announced 」, Since then, Beike apartment has become a member of freedom .

The acquisition of Beike apartment is a bit of a sign of fate , Because this year , It is a watershed for the development of the whole long-term apartment industry .

Purchase restrictions in the property market 、 When the demand of the rental market continues to rise , Long term apartments have become a new position favored by major capitals , Many enterprises easily get capital investment . Founded in 2013 Beike apartment in has also been frequently financed since its establishment , Run forward with capital support . Before being acquired , Behind Beike apartment is the whole country 31 A project ,5000 The strength of more than rooms .

However, the arrival of the epidemic 、 The introduction of policies , Let this running industry stop , And fall into shock .2020 In the first half of 「 The first share of long-term apartment 」 Qingke apartment burst , In the second half of the year, eggshell apartments of star enterprises exploded , Hangzhou 、 wuhan 、 Hefei and other places have seen the explosion of relevant enterprises 、 Runaway phenomenon , All kinds of negative news hit , Long term apartment enterprises have become one of the most popular 「 Crusade 」 The object of .

The long-term rent apartment has changed from being sought after to crusading , The arrival of the epidemic is just a booster , Let many leasing enterprises fall into the dilemma of high occupancy , What really caused the rupture of the capital chain 、 It is the enterprise itself that has exploded .

Long term apartment enterprises' early house collection and transformation , Decoration and configuration require a lot of capital investment , It is difficult to make up for the loopholes of investment in the later revenue in a short time , In the period of crazy expansion, it is easy to encounter tight cash flow .

Beike apartment 2017 This is reflected in the revenue in the first half of the year , The revenue of Beike apartment was 2665 Ten thousand yuan , Negative net profit 2237 Ten thousand yuan . The explanation given is 「 Beike is currently in an expansion period , The investment in early decoration is relatively large , Some projects operate for a short time , So there are periodic losses 」. The phenomenon caused by this result is , When an outbreak like this occurs , Many enterprises have exploded like avalanches .

In addition , The profit model of long-term rental apartments is also criticized . As early as 2018 In, Pan Shiyi complained that the return on investment of long-term rental apartments did not exceed 1%, The revenue cycle is too long , Lose money in everything .

This point has also been verified in bekebang . Beike apartment is an apartment brand operated by beikebang , The company 2017-2019 During the year, the net profit was always negative , The total loss over the past three years is nearly 1.5 One hundred million yuan , To 2020 First quarter , The loss has reached 828 Ten thousand yuan .

The coming of the epidemic , Weizishi, founder of Beike apartment, also smelled the coming crisis of the industry , stay 2020 It was said at the beginning of the year 「 The epidemic will promote changes in the industry pattern , Accelerate the explosion of positions and mergers and acquisitions of enterprises with poor management ability 」. It's just that he may not have thought , This sentence has finally been confirmed in our company .