The story of the cross-border venture capital circle of entertainment stars is still constantly updating the plot.
The latest episode is updated that Angelababy Yang Ying, who was once known as the "most beautiful female VC" in the investment circle, recently cancelled and dissolved one of her private placements**.
Tianyancha APP shows that recently, the status of Ningbo Xingliu Equity Investment Center (Limited Partnership) has been changed from existence to cancellation, and the reason for cancellation is "resolution to dissolve". The cancellation of the company is not uncommon, but the cancellation has attracted the attention of the outside world, mainly because there is a certain relationship between the equity investment center and Yang Ying.
According to the data, Ningbo Xingliu Equity Investment Center (Limited Partnership) was established in May 2015 and is a private equity ** under AB Capital, which is jointly held by Dong Wenying, Yang Ming and Shanghai Xingmi Asset Management. It is worth noting that AB Capital is a venture capital established by Yang Ying**, and Dong Wenying and Yang Ming are both close partners of Yang Ying's business, among them, Yang Ming once served as Yang Ying's agent, and Dong Wenying is the legal representative and investor of Yang Ying's many studios.
The cancellation of Yang Ying's private equity ** is just a microcosm of the current situation of many celebrities pouring into the capital market. In the past 10 years, thanks to the development of the economy and the activity of the capital market, more and more celebrities with good ability to attract money have begun to set foot in the investment field, trying to use their fame and resources to obtain more wealth.
Stars in the cross-border venture capital circle often do not have fundraising problems in the early stage of cross-border, and under the celebrity effect, the wealth effect can also increase day by day. However, when the dividends gradually receded, the problem of star cross-border appeared. The number of star ......investors who have cancelled private placements under their names, decreased the frequency of transactions year by year, and frequently withdrawn from affiliated companiesAll of this is hinting that celebrities have bid farewell to the venture capital circle and turned to the next outlet.
Cross-border is the star of the capital platform.
Compared with the identity of "star" and "Huang Xiaoming's ex-wife", Yang Ying's "investor" identity is little known. But judging from past information, the venture capital circle will not be a stranger to Yang Ying, after all, Yang Ying can be regarded as the star of the first wave of cross-border venture capital circles in the entertainment industry.
As early as 2011, Yang Ying invested millions to open a personal brand nail salon. In the same year, Yang Ying cooperated with director Chen Guofu and others to invest nearly HK$4 million to establish the coffee brand "Baby Cafe" in Hong Kong, and almost at the same time, four stores landed in Hong Kong. Although Yang Ying's coffee shops in Hong Kong have closed down in 2018, this does not prevent Baby Cafe from having a highlight moment at that time.
Yang Ying, who started a side business, also chased the "star VC" outlet and set foot in the VC circle in 2015. In June 2015, Yang Ying entered into equity investment** and announced the establishment of AB Capital. At that time, AB Capital revealed that Yang Ying would combine her own work to form a strategic marketing alliance with the invested projects. In the selection of projects, AB Capital focuses more on startups that focus on the new women's lifestyle.
At the beginning of its establishment, AB Capital also invested in some popular Internet projects. There are cross-border e-commerce platform Yang Wharf, fasting juice heyjuice, women's beauty community Meila, etc.
Interestingly, in addition to investing in the project, Yang Ying also used her fame to personally stand for the product, serving as a "product manager", "celebrity spokesperson", "product designer" and other fictitious positions.
Yang Ying is naturally not the only star who uses influence to stir up the storm in the venture capital circle.
Yang Ying's ex-husband Huang Xiaoming is quite business-minded. Huang Xiaoming, who signed a contract with Huayi Brothers, saw the opportunity when Huayi Brothers was preparing to go public in 2009 and purchased 1.8 million shares of Huayi Brothers at a price of 3 yuan shares. Huayi Brothers' stock price soared to 91 on the first day of listing$8 shares. Huang Xiaoming's net worth has also increased dramatically, holding a ** value of more than 1600 million yuan, Huang Xiaoming suddenly stepped into the ranks of billionaires.
Since then, Huang Xiaoming has set his sights on many fields such as film and television, catering, sports, and technology. In addition to being a shareholder, Huang Xiaoming also entered the VC circle early. In 2014, Huang Xiaoming, Li Bingbing and Ren Quan jointly invested in the establishment of the venture capital institution Star VC, and after a year, Zhang Ziyi and Huang Bo also joined Star VC.
Since its establishment, STAR VC has invested in dozens of projects, covering e-commerce, automobile transportation, artificial intelligence, entertainment and media, enterprise services, medical and health, finance, hardware and other industries, among which the most frequent investment time was around 2017, and it has invested in well-known projects such as Miaopai, SenseTime, and Li Auto.
In addition to Star VC, Huang Xiaoming also co-founded "Mingjia Capital" with senior investment management consultant Zhang Xiaoting, and Mingjia Capital's investment focuses on the pan-entertainment field, including online literature, **live broadcast, VR AR, game competition, etc. The more well-known projects include fellow uncles, Wanyu Internet cafes, etc.
When it comes to stars with cross-border investment, we have to mention Hu Haiquan, a "cross-border singer" in the entertainment industry.
Some people use "celebrities who don't want to start a business are not good investors" to ridicule Hu Haiquan's diversified identity, and he is also happy to accept such an evaluation. When participating in variety shows, Hu Haiquan was even more "generous" to show his identity as an investor, pointing out that the "go-kart" and "milk tea" he saw in the show were projects he had invested in in the past.
Hu Haiquan's private equity Haiquan** was once a model of cross-border venture capital for celebrities, and it was quite active in the market. Mainly focusing on entertainment and cultural creativity, consumption upgrading, artificial intelligence and other fields, it has invested in projects such as ROIDMI Technology, Big Coffee Auction, and Hutaoli.
Hu Haiquan also once persuaded influential artists around him to learn to make some investments, "The income of celebrities is very high, but the way of managing money is very simple, and it should not only be fun to consume." In fact, if you use the satisfaction of investment and the wisdom of financial management to one point, it will be the biggest change in your future life. ”
The star VC era is on the wane.
There's no denying that the early star investors did seize the opportunity to invest. Since 2015, driven by the policies of "entrepreneurship and innovation" and "supply-side structural reform", the development momentum of RMB** has been rapid, and it has become increasingly mature in terms of fundraising and operation.
In this context, many celebrities have established their own doors with their popularity and influence**. They used their resources and influence to build an IP with themselves at their core, which attracted a lot of attention in the early stages of the investment. Ren Quan, known as the "first person of Star VC", once said in an interview with **, "On the first day of Star VC's announcement, I received thousands of project introductions. ”
However, the flowers are not as red as whooping days. As the industry changes and risks increase, their investment path is not always smooth. The main line of investment is technology now, which means that investors need to invest in hard technology projects and have a strong research understanding of the industry and industry, which is full of challenges for star VCs who are good at using resources.
In addition, the private equity founded by the star has now reached the stage of exit after years of development. However, from the perspective of the overall environment, the pace of consumer culture IPOs is gradually tightening, and it is difficult to find a successor while it is difficult to go public**. On the one hand, companies may not have enough funds to buy back;On the other hand, it is not easy to find a next home for equity transfer, so it is not easy to achieve exit.
In fact, the signal of the ebb of celebrity cross-border investment came earlier.
Before the recent "Yang Ying's private equity ** cancellation" rushed to the hot search list, Yang Ying's AB Capital, the most recent investment event occurred in 2020, when AB Capital and Jiuhe Group participated in the B round of financing of the intelligent business platform and enterprise data service provider Intelligent Investment Management Cloud. After 3 years, AB Capital has not made another move.
The star investors who are also gradually disappearing from the field of vision of the venture capital circle, in addition to Yang Ying, there are also Huang Bo, Huang Xiaoming, Hu Haiquan, Ren Quan and others.
As early as 2020, in addition to Ren Quan, Huang Bo, Li Bingbing, Huang Xiaoming, Zhang Ziyi, and others, the original shareholders of Star VC, withdrew one after another. Since then, Huang Xiaoming has focused on his own Mingjia Capital, and is responsible for its corresponding investment matters, in 2016, Mingjia Capital was also in the limelight, frequent shots, but since then it has fallen into silence, 2018 to the present, the only time to make a move, the time recorded in 2021.
And in the matter of "playing retreat", Hu Haiquan is not far behind.
In July this year, Hu Haiquan participated in the management of a private equity ** company was taken administrative supervision measures by the Beijing Securities Regulatory Bureau for violations, which detonated the investment circle. That night, Haiquan** issued a response through Weibo, saying that after receiving the complaint and the warning opinion of the Beijing Securities Regulatory Bureau, it had truthfully reported the relevant situation to the bureau as soon as possible, pointing out the false content in the complaint;At the same time, the rectification was completed according to the requirements. Subsequently, Hu Haiquan ** the article, and said that "those who are clean are self-purifying, and there is a long way to go".
Interestingly, it was at this time that the outside world discovered that Hu Haiquan was no longer the actual controller of Haiquan**. Tianyancha data shows that the current three major shareholders of Haiquan ** are Yin Chengshuang, Wang Wenzhong and Wang Yu. Tianyancha change records show that in October 2021, the company's legal representative was changed from Hu Haiquan to Yin Chengshuang, and in February 2022, Hu Haiquan withdrew from the company's shareholders and was changed to Yin Chengshuang's shareholding.
In addition, the prompt information of the AMAC agency shows that Haiquan ** is currently in a state of liquidation for a long time.
Kyushu Jianyuan, which was invested by Ren Quan and others, has been on the hot search since the beginning of this year for being involved in the "crime of illegally absorbing public deposits" and "equity freezing". Ren Quan, who used to be interviewed by the outside world as an investor, did not respond to this, and the company's statement that "Ren Quan is only its financial investor and is not responsible for operation and management" is a full response to Ren Quan's thunderstorming incident.
Low tide does not mean the end.
As stars such as Yang Ying, Ren Quan, Huang Xiaoming, and Hu Haiquan gradually faded out of the VC circle, these venture capital institutions managed by celebrities have gradually fallen silent. However, the dividends of the celebrity VC era have passed, but this does not mean that the celebrity group is separated from the investment circle.
Regarding celebrity crossover, as Hu Haiquan said in the past, "Crossover is by no means as simple as stepping into another field with one foot to occupy a place, crossover is actually a very rigorous topic, some are suitable for you to do, and some may not be suitable." ”
Since it is not easy for celebrities to cooperate with investment institutions, it is also a good way to get involved in the investment circle by using idle funds in their hands and doing LP behind the scenes.
In fact, in recent years, many celebrities no longer participate in investment in person, but indirectly participate in investment by becoming the "gold father" behind the investment institution. Behind this change, there is not only a rational understanding of the investment market, but also a clear positioning of its own role.
The star LPs of these ultra-high-net-worth individuals have also injected a breath of fresh water into the venture capital circle.
Zhang Ziyi, who was known to the outside world for his early stake in Star VC, became the LP of Tsingshan Foundation in 2015, which is a ** founded by Tsingshan Capital, which is good at consumer investment, and has invested in projects such as taking some time, daily black skill, and original life.
In addition to being the LP of Tsingshan Capital, Zhang Ziyi has also invested in Shenzhen Xingwang Red Chip Return Investment Center (Limited Partnership), Ningbo Meishan Bonded Port Area Meixiang Siyi Investment Partnership (Limited Partnership), Dajia Investment Gongqingcheng Dajia Investment Partnership (Limited Partnership) and other companies.
Among them, Zhang Ziyi holds 494% of Shenzhen Xingwang Red Chips returned to the Investment Center (Limited Partnership) and invested in Shanghai Jumiao. Entering 2020, Shanghai Jumiao focused on the new energy track, bet on manufacturing enterprises, invested in Narui Radar, and participated in the financing of Kunyu New Energy. Its investment in Narui Radar was listed in March this year and currently has a market value of 8 billion yuan. And its stake is 24The 4% of Ningbo Meishan Bonded Port Area Meixiang Siyi Investment Partnership (Limited Partnership) is backed by Meihua Venture Capital, the executive partner, which has invested in well-known enterprises such as Laifen Technology and Li Auto.
and Zhang Ziyi are the same as Qingshan** LP, as well as the "national goddess" Gao Yuanyuan. In 2021, Gao Yuanyuan became a limited partner of Tsingshan Foundation, a subsidiary of Tsingshan Capital. In addition to Tsingshan Capital, Gao Yuanyuan is also the major shareholder and ultimate beneficiary of Shanghai Yinghai Investment Management Center (Limited Partnership), with a shareholding ratio of 999%, she also participated in the capital increase of Tang Film and Television through the company, and became an indirect shareholder of Tang Film and Television.
Not only that, Chen Kun also invested 500 million yuan as an LP to invest in the industry. According to the announcement issued by Meijin Energy in 2017, it and Mr. Chen Kun, Beijing Enbei Investment Management, jointly initiated the establishment of an industrial investment of 1 billion yuan. Among them, Chen Kun, as a limited partner of **, subscribed and contributed 500 million yuan. The ** mainly focuses on the strategic direction of Meijin Energy, such as high-end equipment manufacturing, Internet information technology, new energy innovation technology, and large consumption.
Throwing money at a large amount, there is also the "top stream" Lu Han. In 2017, Lu Han joined Qinghan as an LP**. This ** was jointly established by Crystal Stream Capital, New Hope Group and Luhan, and is dedicated to investing in the new generation of cultural consumption content industry. Lu Han is one of the partners of the ** and participated in the capital contribution, but the ** GP is still mainly an independent professional investment team.
Entering 2022, when the fundraising scale of private equity ** has been reduced, traffic star Bai Jingting also quietly started an LP.
Tianyancha data shows that in 2022, the related entity of Yuna Capital, "Hunan Yuna Qicai Equity Investment Partnership (Limited Partnership)", will undergo industrial and commercial changes, and a number of enterprises and natural persons such as Hainan Mingle Management Partnership (Limited Partnership) will be added. Through the equity map of Hainan Mingle, Bai Jingting was discovered.
Yuna Capital, which received Bai Jingting's first check in the investment circle, is a local PE institution founded in 2013, with a cumulative management scale of more than 5 billion yuan, focusing on investment in new materials, 5G applications, Internet of Things, big data, cloud computing, intelligent manufacturing, new energy and other investment fields, and has invested in more than 100 companies such as Qihoo 360, Valin Cable, Inspur Cloud, and High-tech Hangmo over the years.
After achieving financial freedom, celebrities have expanded their territory as personal LPs, which has unexpectedly become a rare living water in the current fundraising dilemma, which is undoubtedly what GPs like to see.