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Group investment frozen: the project has not valued Zhu Xiyan Hu Zhongbin "gluttonous feast" to "investment of poison", "group buying" through fire and ice in two days a year. "Currently, most group-project has not value.　　"Head of a famous domestic investment intermediaries, investment group buys on the market has entered a period of freezing. According to itsDisclosed, because users, revenues have fallen sharply, most valuation has lost at least half of the group buying website.　　Even if the project is operating well, also because there are no subsequent investors to enter the free city. Fell fell a few months, seems to be no good news. Bao-affair, handle IPO stranded, their redundancy, 24 coupons local station abscond with the money, and so on the whole lineIndustry faces unprecedented crisis. Group buys site in the middle of last year, China has been rapidly expanding over 5,000 companies, but as of the end of last year and decay to 3,897. In just a few months time, thousands of group buying site destruction. According to the 1968 group buying websites by the end of 2011 the country shut down, quit buying market, accounted for all of the operations group buying websitesWeight of 33.5%. Lack of money, become the most coupon sites of major causes of failure.　　Investors for the "hard bargain" opportunity interest seems dull. "See before buying is the VC Queuing, Queuing see VC is now buying, however we have been unwilling to see. Because the risk is too big, it is expected that much difference, negotiated the possibility is very low. "Temasek-owned investmentCapital one investment manager of the Fund. According to the official investment intermediary, group buy item valuation less. Best investment of time in accordance with peers before the valuation to valuation, not become the worst analogy to valuation.　　Many group projects will not accept such spreads. But on the other hand, group buying industry has long been used to"Burn", a survey done before in this newspaper, underwriting, lose out, sending advertising, has become a group buys shopping means, according to incomplete statistics, over the past year, group buying websites with these crazy burned nearly 400 million dollars.　　Concern was that most of the money came from a variety of ventures. Lessons according to the investment group, wants to join the League before purchaseVenture capital investment in the field of more than 500 million dollars in dollar funds, some funds have also. Industry is concerned that "If your industries cleaning comes, along with the failure of some of the Group companies or drowned, before VCs invest a lot of money also dashuipiao. "Qing Group CEO Gavin NI (micro-blogging) has said publicly that he thinks VC group buyCollective mistakes in the field. "Project investment of hundreds of millions, 24 hours on the bundled project, collective investment and so on, this is the VC group to stunt investment.　　"The Manager said. Just over a year ago, had a forum to "crazy group buy" as the theme, inviting a number of VC debate. Qiming Venture Partners Managing Director General of the firm without buyingJP.Gan, said in the debate, crazy advertisements, VC money is very much a catalyst. At that time, his fear that "investments of the two biggest problem, one is greed, fear. Now the stage is definitely a very greedy stage. Especially the Group everyone in this industry is very greedy, want to be the first to be the first to beII.　　If no intensive cases, the easiest alternative is to choose out of pocket ". Now seems to be to the fear of the stage. The project managers are often insiders "harassment", "hope that we can continue to vote mainly because some group projects, and claims to be able to give me the best price. "But basic outcomes is not flew back � nowIndustry as a whole for group projects are very carefully. Start rushing headlong into mass action, end is or quitting en masse.　　People in the industry think, group changes reflect not only its industry, is also a venture capital fields its own problems. Gem launched years ago, US stocks rise, easing monetary policy in 2011 China VC market boom quickly. According to statistical data of the Qing dynastyAs shown in 2011 when the new raised number 382, is per cent in 2010; total capital raised to us $ 28.202 billion, is per cent in 2010. Number of outbreaks, VC investment rising rapidly, according to statistics, the 2011 total VC investment in events of 1503, which disclosed the amount of 1452-projectionChinese deal amount totaled US $ 12.765 billion, case number and amount invested at 2010 investment 1.84 times times and three times of the year. "In 2011, investment managers are most worried about is how money voted out. "Such a huge funds demand for output, you are hot, hot pursuit of project, single investment project financing became inevitable.The view was expressed that, this is a large group-risk caused by one of the reasons. Next market situation may not be so bad, group buying industry data show 2011 year total turnover about $ 19.6 billion, huge consumer market is still hopeful. 2011 China turnover reached 21.632 billion yuan, while that number in 2010 for only $ 2.5 billionPer cent increase in 765%. 2011 annual compound growth rate of 19.7%. Growth primarily driven by China in October 2011 from Taobao splitting independent study of the operation of cost-effective, 2011 group buy deals up to $ 10.035 billion. Remaining in China website contributed 11.596 billion worth of transactions. Obviously couponProve the value of the business model and prospects. Just so it is difficult to avoid. "Group buying site, the problems they face are, is a business model to be reviewed, the previous business model is not sustainable, requires innovation; volume II is the market itself no less than qianbaijia purely group-websites, most of them will die off, industry reshuffle is inevitable, is abroad,Many group buying sites are now bankrupt.　　"The charge of the investment intermediary said. Shenzhen investment limited, xiaoshuilong in the East were of the view that comprehensive group of national Web site will in the future only a few, others will be acquisition, merger or eliminated.　　More opportunities, subdivision of the professional group buying platform. His proposal was thatClear and calm position, and protracted war planning, carefully made in a professional niche advantages, ultimately achieving price advantage in the integrated management, repeated consumer experience to attract consumers. Handles scheduled for last year to the United States-listed network (Twitter), embattled, folded under JI and the NASDAQ (microblogging), China's first overseas stock markets Sprint of the group buying site temporarily failed. ManyPeople think that buying only waiting to be acquisitions or mergers; this industry mergers and acquisitions news network of glutinous rice (micro-blogging) urged to verify, reply is received, there is no plan of acquisitions, mergers and acquisitions, they not even join. "The group is run, is ' left ' is King of the game. Domestic group-industry final form should be on the market about 3 per cent of national largeGroup buying website, plus there will be vertical, geography of the coexistence of small group buying website. These are the standard of the last laugh.　　"The Outlook for the industry, glutinous rice network so understanding. At the same time, in his view, the domestic group IPO is not appropriate. "Fierce industry competition, market share, number of variables are also ranked only gross margin returnTo a relatively reasonable limits, group buying website is no longer as big as possible when listing would be more reasonable. ”