On December 8, Heyi Network Technology Co., Ltd. (hereinafter referred to as "Youku") and Beijing Dangdang Information Technology Co., Ltd. (hereinafter referred to as "Dangdang") were listed on the New York Stock Exchange in the United States under the stock code of "YOKU". , "DANG."
The issue price of Youku is US $ 12.8 per share, the issue size is 15.8477 million American Depositary Shares (ADS), and the total financing is about US $ 203 million. Youku is China's leading video browsing, uploading, and sharing website, and the number one brand in the domestic online video industry. With the product concept of "the fast is king", Youku focuses on user experience and constantly improves its service strategy. Its outstanding product features of "fast release, fast playback, and fast search" make it a leader in domestic video sharing websites. enterprise.
According to reports, Youku has completed 5 rounds of financing. In November 2005, Farallon, Become, etc. invested Youku 3 million USD; in December 2006, Sutter Hill Ventures, Farallon, became Youku 12 million USD; On November 19, 2007, Youku completed a third round of financing of $ 25 million. In addition to the previous investors, Sutte rHill and Farallon, Brookside Capital Partners, a subsidiary of Bain Capital, joined the investment, and Zhu Jia of Bain Capital became a director; in June 2008, Youku completed a fourth round of financing of $ 30 million. Investors include Become, Sutter Hill, Farallon, Bain Capital ’s Brookside Capital Partners, and newly joined Maverick Capital. In addition, in May 2010, Youku received a US $ 10 million technology equipment loan from Western Technology Investment, and Zhu Jia served as a director. On December 21, 2009, Youku completed a fifth round of financing of a total of US $ 40 million. Fang includes becoming a fund, Bain Capital's Brookside Capital, Maverick Capital and Sutter Hill Ventures.
Dangdang ’s offering price is US $ 16 per share, the issue size is 17 million American Depositary Shares (ADS), and the total financing is US $ 272 million. Dangdang.com is the world's largest Chinese online mall, officially opened in November 1999, and currently provides online sales of nearly one million kinds of goods for online shopping people all over the world, including dozens of books, audio and video, home, cosmetics, digital, accessories, etc. The boutique category provides safe, convenient and fast services to thousands of consumers every day, bringing great convenience and benefits to online shoppers. The funds raised will be mainly used to expand the categories of exhibits and operational capabilities, and at the same time strengthen the future basic technology construction, and the remaining funds will be used for daily operations and potential acquisition plans.
According to the disclosure, Dangdang obtained a total of three rounds of venture capital. In November 1999, IDG, Luxembourg Cambridge, Softbank and others invested $ 8 million in venture capital in Dangdang in exchange for 59% of Dangdang. In February 2004, Tiger Technology Fund invested $ 11 million in Dangdang; June 26, 2006 On the day, Dangdang introduced $ 27 million in funds from the three funds of DCM, Walden International and Alto Global, and sold 12% of the shares.
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