Which industries are more promising in the next few years?

The industry is relatively promising in the next few years:

1. Cloud computing

It is a general trend for enterprises to migrate to the cloud. It can be seen that:

1) The public cloud and private cloud markets are still growing in parallel and are not a zero-sum game;

2) IaaS level: There is an increasingly diverse business application ecosystem. The more important, such as Amazon, Google, Microsoft, etc.;

3) SaaS level: mainly concentrated in the fields of human resources, OA, CRM, marketing, B2B bulk commodity procurement, etc., such as SalesForce, Sap, Oracle, etc. ;

4) PaaS level: There is no independent giant. In the future, it is more likely that IaaS giants will extend upwards or SaaS giants will extend downwards.

The domestic cloud computing market is still in its infancy, and the market cake is becoming more and more attractive. We predict:

1) Although IT giants such as Alibaba, Tencent, and Huawei have entered, the complexity of China’s enterprise market means that there are still opportunities at the IaaS level;

2) SaaS Level: In addition to focusing on the above segments, we should also focus on analyzing whether specific products and services meet the actual market needs of domestic customers.

2. Big Data

The total financing amount of the big data industry from 2013 to 2015 was US$800 million, US$1.54 billion and US$2 billion respectively; the financing events from 2013 to 2015 were respectively 10 cases, 42 cases and more than 50 cases. "Big Data +" has penetrated into almost all industries, such as "Big Data + Retail" represented by Alibaba, "Big Data + Medical" represented by Dingxiangyuan, and "Big Data + Real Estate" represented by Soufun.com "etc. Our investment strategy in this field is:

1) For resource-based big data companies: the data resources are large enough and complete, the data value is imaginable enough, and the data mining and integration capabilities are strong enough;

2) For technical big data companies: The technical threshold is high enough to allow the company to quickly form scale effects and network effects, thereby quickly occupying sufficient market share;

3) For application-oriented big data companies: The application market is large enough, and the company has good growth potential and strong achievability.

3. Virtual Reality

We believe that the virtual reality industry is already on the eve of an explosion. From a simple logic point of view, people can no longer be satisfied with the services of 2D pictures and 3D images. Virtual reality actually uses computer systems and sensor technology to generate a panoramic environment, allowing users to mobilize all their senses to generate human-computer interaction in this new environment, giving users a perfect sense of immersion, and at the same time, users can Use your unlimited imagination to create.

At present, after nearly a century of development, the global virtual reality industry is still in its early stages, and the supply chain and various supporting facilities are still being explored. However, the development prospects of virtual reality are exciting and have a wide range of application spaces, such as games, film and television, education, sports, interstellar exploration, medical treatment, etc. Currently, all major consulting organizations are optimistic that virtual reality will achieve ultra-rapid growth in the next five years, and the explosion is just around the corner. We believe:

1) In the short term, manufacturers that can lay out the virtual reality industry chain, from hardware equipment, content production to platform distribution, have investment value;

2) In the long term It seems that virtual reality content will be the soul of the industry, and investment in mature content industry manufacturers will be full of opportunities.

4. Artificial Intelligence

According to Tractica’s forecast, the artificial intelligence market will grow to US$11.1 billion in 2024. Initial technology accumulation and data accumulation have already had significant scale effects in the past. Therefore, the wave of artificial intelligence reshaping all walks of life is about to hit, triggering a new round of IT equipment investment.

In the next 3-5 years, the wave of intelligence will bring about a trillion-level market. In the field of artificial intelligence, our main focus in 2016 includes:

1) Computer vision recognition (with face recognition as a typical example);

2) Computer adaptation (with face recognition as a typical example) Various types of robots as examples);

3) Various subdivided underlying technical fields (such as natural language processing, machine learning and knowledge graphs).

5. 3D Technology

After the investment boom in 3D printing in the past few years, 3D printing technology has entered a new stage, but the application market still needs to break through. Experts predict that China's 3D printer market size will expand to 10 billion yuan in 2016; at the same time, the Wohlers report shows that the global market size will reach 7 billion US dollars in 2016. If the application market can be opened up, the market may exceed 100 billion yuan or even reach 200 billion yuan by 2020. Taking the medical industry as an example, it is estimated that the market size alone will reach 1.9 billion US dollars by 2015.

The next round of investment hot spots in 3D technology include:

1) 3D printing special materials and process technology;

2) 3D construction Mold and personalized customization design software;

3) Industry model innovation enterprises emerging around 3D printing technology (i.e. the combination of 3D printing with education, medical and industry 4.0 and other industries).

6. Unmanned technology

Unmanned technology is currently mainly used in fields such as drones and driverless cars. The American Teal Group predicts that the global drone market will increase from US$6.4 billion in 2015 to US$11.5 billion in 2024, with rapid development. Self-driving cars have yet to be unveiled, but McKinsey predicts that the field will have an output value of US$200 billion to US$1.9 trillion by 2025. By then, China's self-driving car output value will be at least one trillion in scale, with unlimited potential.

In this field, we have deployed Ewatt, the number one brand of industrial drones, and will continue to pay attention to the following targets in the long term:

1) As policies are gradually liberalized, Baidu and Google , BMW, Audi and other giants are stepping up their deployment of driverless cars. We focus on leading companies in various fields such as automotive electronics-related hardware, Internet of Vehicles-related software, complete vehicles;

2) In the field of drones, we will Focus on exploring high-quality companies with great potential in the component manufacturing and overall design segments and drone solution providers.

7. Robots

The problem of China’s aging population is becoming increasingly prominent, labor costs are rising sharply, and the overall economic structure is facing transformation. The future rise of robots and their huge market size have been criticized by major companies. Institutional recognition. We believe that in the future, whether in the short or long term, there will be huge investment opportunities in the robot industry. From industrial robots, collaborative robots to service robots, there will be a very considerable market size:

1) Future industrial robots will have powerful Self-learning ability and professional ability, innovative extension to more subdivided fields and structures;

2) Collaborative robots can work together with people and are widely used in various fields of life, belonging to the category of "cross-border "product;

3) Service robots have no upper limit and have market scale potential that far exceeds that of industrial robots and collaborative robots. We believe that service robots for the elderly and medical use will lead the development.

8. New Energy

China is the largest new energy market. The development of new energy industry is to change our country’s energy structure, reduce dependence on fossil energy, and reduce environmental pollution. inevitable choice. Strong financial subsidies promote the rapid maturity of the new energy industry, which contains abundant investment opportunities:

1) Lithium batteries have formed a complete industrial chain in China, and the demand for downstream power and energy storage batteries is huge;

2) China's new energy vehicle market achieved explosive development in 2015, with production and sales exceeding 300,000 vehicles, a year-on-year increase of more than 300%, making it the world's largest new energy vehicle market;

3) Supercapacitors have obvious advantages over lithium batteries in terms of fast charge and discharge, high cycle life, and high power density, and can be widely used in urban buses, rail transit, wind power generation, oil drilling, port machinery and other fields.

9. New Materials

New materials are the cornerstone of the new economy. my country’s rapid development in cutting-edge manufacturing fields such as military industry, high-speed rail, nuclear power, and aerospace is inseparable from the field of basic materials. breakthrough. With the continuous accumulation of scientific research strength in basic chemistry, basic materials, nanotechnology, etc., innovation points in the field of new materials will continue to emerge, and new materials will become a market worth trillions:

1) Graphite The flexibility, mechanics, optics, electrical and microscopic quantum properties of ene have obvious advantages compared with currently existing materials. Its future application industries span electronics, biomedicine, military industry, precision manufacturing, chemical industry, etc.;

2) Carbon fiber is an emerging material with relatively mature applications. Compared with traditional materials, it has better quality and lighter weight. In the future, we need to continue to work hard to reduce costs and break through foreign technology blockades;

3) New membrane materials can It is widely used in many fields such as water treatment, waste gas treatment, lithium batteries, etc.;

4) Bio-based materials are used in dentistry, orthopedics, etc., and can replace and repair the functions of human tissues and organs.

10. Medical Services

The driving factors for the medical service industry in 2016 came from the continued decline in the prosperity of the pharmaceutical industry and changes in the drug price formation mechanism. Driven by hierarchical diagnosis and treatment and doctors practicing in multiple locations, public hospitals use private capital to revitalize existing assets and create incremental value. The medical service business provides commercial exports for new technologies, and new technologies provide high value-added projects for the medical service business. Our investment logic is:

1) A medical-oriented business model that meets the interests of hospitals, such as rehabilitation medicine, testing, and high-end medical imaging;

2) Have Chain specialty hospitals with a certain threshold, such as women and children, assisted reproduction, ophthalmology, orthopedics, medical cosmetology, etc.;

3) Chain third-party services such as health management, third-party diagnosis, etc.;

4) High-end hospitals with core technologies and expert resources in first-tier cities.

11. Life Technology and Life Science

With the development of basic disciplines such as genomics and molecular biology, biological agents and life science technology are playing an increasingly important role in treatment Role: In terms of biological agents, more and more monoclonal antibody drugs are producing breakthrough effects on difficult and complicated diseases such as tumors and diabetes, and "blockbuster" new drugs are frequently appearing.

In 2014, 7 of the top ten drugs in global sales were biologics, among which adalimumab ranked first in global sales, with annual sales of US$11 billion; in life sciences, globally, the gene sequencing market has grown from 2007 to 2017. grew from US$7.941 million to US$4.5 billion in 2013, with a compound growth rate of 33.5%. It is expected to maintain rapid growth in the next few years; emerging technologies such as cellular immunotherapy are also increasingly becoming important treatments.

Based on the above background, we believe that biotechnology and life sciences are undoubtedly extremely important investment directions in the field of health. The key subdivisions include:

1) Advanced gene sequencing and data analysis companies;

2) Technology-driven biologics companies;

3) Precision medicine companies that combine gene sequencing interpretation and personalized medication;

4) New biological treatments that have achieved technological breakthroughs, such as CAR-T cell immunotherapy.

12. Medical Devices

The medical device market started late in China, but it has developed rapidly. From 2001 to 2014, the size of my country’s medical device market increased from 17.3 billion yuan to 25.56 billion yuan. billion, an increase of nearly 15 times, with a compound growth rate of 23%. However, from a comparison of the size of the medical device market and the size of the pharmaceutical market, the global medical device market is roughly 40% of the global pharmaceutical market, while the proportion in my country is less than 15%. With the development of the economy and the aging of the country, With the improvement, the medical device market has huge development potential. At the same time, the introduction of a number of policies such as the "Special Approval Procedure for Innovative Medical Devices (Trial)" has laid a solid foundation for the rapid growth of domestic innovative medical devices. The key segments include:

1) High-end medical devices combined with advanced technologies such as robotics and artificial intelligence;

2) Domestic innovative medical devices;

3) Smart home medical devices;

4) Imported replacement products for existing mature medical devices.

13. Internet Healthcare

The rapid development of information technology has triggered tremendous changes in various industries and also brought huge opportunities to the medical industry. With the cross-border integration of big data, cloud computing, Internet of Things and other multi-field technologies with the Internet, new technologies and new business models are rapidly penetrating into various medical subdivisions, from prevention, diagnosis, treatment, and drug purchase, a comprehensive new era will be opened. The era of intelligence. At the same time, the unique problems of China's medical industry, such as irrational resource allocation, low service quality, and tense doctor-patient relationships, all rely on the use of Internet technology to improve them.

At the same time, it should be noted that Internet medical care is still in its infancy in China, and the reform of traditional medical care is bound to be a long and arduous process. Therefore, we believe that investment in this field should remain optimistic but cautious. . The key segments include:

1) Pharmaceutical e-commerce platforms;

2) Medical big data analysis companies;

3) Chronic disease management /Health management online platform;

4) Intelligent and wearable medical devices.

14. Healthy and elderly care

The health and elderly care industry is driven by both urgent demand and policy encouragement, and will usher in very certain development opportunities. In the future, the Chinese government and individuals will face great pressure on elderly care. As of 2014, the elderly population aged 65 and above reached 140 million, accounting for 10.1% of the total population. By 2020, the elderly population will increase to 260 million. At the same time, elderly care, as part of "Healthy China", has been elevated to a national strategic level. We will explore investment opportunities along the lines of the country’s proposal to build a multi-level elderly care service system based on home, supported by communities, and supplemented by institutions:

1) Get involved in the core industry of elderly care---rehabilitation medicine, and Enterprises that already have a feasible and chain-like development model;

2) Enterprises that actively explore innovative elderly care models.

15. Sports

In the past year, various Chinese giants began to target overseas high-quality sports assets (especially event broadcast rights and sports operating companies), and gradually became more mature. Sports profit models are getting closer – tickets, media rights, sponsorships and sports derivatives. For example, LeTV purchased the exclusive rights to broadcast the Hong Kong Premier League and MLB for three seasons; Wanda purchased Infront Sports Media and World Triathlon Company (WTC) to become Wanda Sports; Ali Sports obtained the NFL broadcast rights in mainland China, etc. Therefore, sports industry targets with high-quality event resources and broad audiences will continue to be pursued by capital.

As China’s earliest and most extensive investment institution in the sports industry, Xinzhongli will continue to focus on the following areas:

1) Operating companies with high-quality sports event IP in various sports segments ;

2) The e-sports industry that impacts traditional sports, including content providers and live broadcast platforms;

3) Sports-related smart hardware + data analysis software + can be diverted to health Startup companies in the medical field;

4) Internet fitness upstream and downstream companies focusing on public fitness.

16. Entertainment

China’s 2015 was a year for investment circles and BATs to make inroads in the field of culture and entertainment. Consumption upgrading has gradually tilted Chinese people's consumption habits towards culture and entertainment, and the consumer groups and consumption amounts are getting younger and younger.

2015 was also a hot year for independent IP. A large number of film and television dramas such as Hua Qiangu, Nirvana in Fire, and Tomb Raiders were popular. Charlotte's Trouble, Monster Hunt, "囧" series, Ghost Blowing Lamp, etc. continued to set domestic movie box office records. . In addition, with the rise of the two-dimensional culture derived from games and animation, the explosion of self-media that produces digital, fragmented, and entertainment-oriented content will gather a large number of new generations of young users, triggering new business models and opportunities. We will focus on the following segments:

1) Companies with high-quality IP content (production or purchase) and strong IP operation capabilities;

2) Companies with massive users and profitability Self-media and new media;

3) Big data analysis companies in the cultural and entertainment industry;

4) Second-dimensional content aggregation community;

5) Pan-entertainment Live broadcast platform, etc.

17. Education

The domestic private education market exceeds 600 billion yuan, and one-fifth of the market share of online education has attracted countless capital and entrepreneurs to compete. After the baptism of the past one or two years, education O2O (Online to Offline) is struggling. Not only has it failed to revolutionize traditional education, it is also at a loss when it comes to exploring profit models. In addition to having stable offline resources and teachers, traditional offline education and training institutions have also made many reforms to adapt to the development of the times under the offensive of Internet +. In addition, the new round of college entrance examination reform will also bring new business models and entrepreneurial opportunities. The education industry is still a gold mine for investment institutions, but as we continue to focus on the following areas:

1) High-quality offline training institutions for quality education and exam-oriented education that are in compliance with the college entrance examination reform;

2) Vocational education and training institutions and professional experience sharing platforms;

3) (cost-effective) virtual reality technology companies (hardware + software + content) that can help students improve their classroom experience );

4) A high-quality IP content producer focusing on the field of children’s education.