(Original title: IDG Capital: Artificial Intelligence focuses on various fields of application this year)
Every reporter Zhang Shoulin has edited Yao Mao Dun.
On March 28, IDG Capital released 2017 TMT investment trends in Beijing.
Niu Kuiguang, partner of IDG Capital, stated that the application of artificial intelligence in various fields is the next major investment direction of IDG Capital. Of course, there are also close attention to algorithms in the frontier field, including close attention to algorithmic maturity in areas such as autonomous driving, and to what extent it can truly replace artificially generated rules.
At present, there are views in the market that the bubble in some areas of artificial intelligence investment has become apparent. IDG Capital Partners Lou Jun told the Daily Economic News reporter that the overall bubble is still early, but the AR/VR bubble period After the big brothers have already appeared, there is nothing to vote for.
Data is the most important asset of artificial intelligence
IDG Capital emphasizes research-driven internals. Last year, IDG Capital paid attention to three directions of TMT: artificial intelligence, mobile e-commerce, consumption upgrade and lifestyle, and pan-entertainment.
Recalling that in 2016, the Artificial Intelligence section, Machine Hearts & comet labs jointly released a list of 100 globally-affiliated artificial intelligence companies. There are 27 companies in China.
Among them, mobile e-commerce and consumer upgrades, overall financing events fell about 20% in 2016 compared to 2015, but the amount of financing increased by 27.91%. This reflects that more attention has been paid to this area.
According to Niu Kuiguang, IDG Capital was earlier in the artificial intelligence field, with projects such as Rokid, Sensetime, and Zoox. Currently, the valuation of these projects has reached more than US$500 million.
Under the circumstances of satisfying data algorithms and computing power, IDG Capital is optimistic about the deep cultivation of artificial intelligence in the vertical field.
In Niu Kuiguang's view, the most important asset of artificial intelligence is data, and it is also the most important barrier. He said that artificial intelligence itself is not an industry.
As for how to vote specifically, Niu Kuiguang hopes to invest in a technology-based business model instead of investing in a technology with a business model. In other words, the application of technology in various fields is the next major investment direction.
VC is not the main force of IDG capital business
"IDG Capital is the VC that dared to sell in the Chinese market in the winter," Niu Kuiguang said, and IDG Capital is the most invested in 2016.
In spite of this, the VC business volume is not the absolute main force in IDG's capital business. According to IDG Capital Partners, a macro, the overall volume of several other businesses far exceeds VC.
"Today how to evaluate IDG Capital is a VC+." After that, Macros described the IDG capital business structure in the industrial quadrant. The first quadrant is a VC that has been doing for more than 20 years. Based on this, about 10 years ago, we started to make growth investments, that is, relatively late stages. "The reason is simple. Entrepreneurs grow at a rate of about 50 to 100 times the volume in this process. This requires us to grow and expand our fund. So we have to expand from only VC to investment in growth. This is the first '+'."
Due to the rapid expansion of business, it has entered the merger and acquisition field. In the past three to five years, IDG Capital has started to set up mergers and acquisitions funds.
"This field is not the same as VC, but it complements each other. This is the second '+'." According to Wang, the third "+" is a platform for emerging industries. It is an industry opportunity beyond TMT. Lasting growth.
According to reports, from the perspective of IDG Capital's current business segment, the order of the amount of money is from high to low: VC, growth investment, mergers and acquisitions, and industrial platforms.
According to Wang, the starting point for M&A is long-term. Because the fund itself has a small defect, it needs to withdraw after 10 years. Mergers and acquisitions are in line with long-term strategic layout and thinking, and there are opportunities to have more cooperation with entrepreneurs.
According to Wang Hong, IDG Capital is currently part of the New Industrial Platform, which currently has an impression on cultural tourism, Wuzhen, etc. In terms of clean energy, there is a holding platform based on new lighting sources.
At the same time, IDG Capital also entered the real estate industry. "We are a post-investment service team. If we accidentally put investment management of post-investment services into institutions with great operational capabilities," said Wang Hong, a team of 10 individuals who manage about 10 billion yuan in assets. The profit is more than 5 billion yuan.
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