Company dynamics

Glass pipes enters financing peak


  

  After the chaos in the bicycle market, the domestic venture capital industry began to enter the "ten thousand water pipes war" in 2018. But on closer inspection, glass pipes entrepreneurs and layout investors seem to be very hot on the surface, but in fact, they are very nervous about policies and regulations as well as every move of relevant departments, trying to encircle more regions and dividends before the regulatory death line falls.

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  According to the official website of the National Standardization Management Committee, the "glass pipes" national standard-setting plan released in October 2017 will go through several stages of online publicity, drafting, soliciting opinions, approval and publication. At present, the project has entered the "approval stage". Within 24 months and 12 months after the standard-setting cycle, the project will be approved and released by the National Standards Committee. The official conclusion of this project is still about four months away. At that time, the production and circulation of lookah glass for sale in China will be carried out in accordance with the requirements of national standards.

  The competition in the domestic glass pipes industry has reached the capital level. Since the second half of 2018, glass pipes has entered the financing peak, with 11 financing incidents, excluding 650 million US dollars, Juul 650 million US dollars and 12. High financing of US$ 8 billion and financing of other brands of nearly 500 million yuan. The year 2019 has entered an accelerated operation phase. By the end of May, there had been 11 financing incidents with a total financing limit of nearly 900 million yuan, many of which were new brands established in Shenzhen in 2019. Financing was concentrated in Ambassador Round and Round A, which were still in the initial stage. Behind this round of glass pipes is a collection of front-line investment institutions such as Sequoia Capital, IDG, Vibration Fund and Information Source Capital.

  "Apart from the primary market, there is also the concept of electronic cigarettes in the secondary market. The major companies engaged in glass pipes business in China include A-shares such as Yingxue Technology, Tianchang Group, Shun Hao Stock, Jin Jia and Hong Kong listed companies. After "3". According to reports, the water pipes for sale concept shares showed different degrees of decline, but rebounded quickly and even continued trading. According to the survey results, evex and mcweill's glass pipes business grew significantly in 2018, while the two companies stopped listing on the new third board, and the industry speculated that it might turn to the A-share market.

  Brand platform, the first in China to enter the industry, and glass pipes, currently the largest, was founded by ying wang, former head of Uber China and general manager of Didi Uber's business department. In June 2018, Yuechao announced that it had completed the first round of 38 million RMB financing, led by Source Capital, IDG and Investment. In March this year, Yuechao reported a new round of financing worth 800 million US dollars.

  After the chaos in the bicycle market, the domestic venture capital industry began to enter the "ten thousand cigarettes war" in 2018. But on closer inspection, glass pipes entrepreneurs and layout investors seem to be very hot on the surface, but in fact, they are very nervous about policies and regulations as well as every move of relevant departments, trying to encircle more regions and dividends before the regulatory death line falls.

  Glass pipes industry enters financing peak

  According to the official website of the National Standardization Management Committee, the "lookah seahorse coil" national standard-setting plan released in October 2017 will go through several stages of online publicity, drafting, soliciting opinions, approval and publication. At present, the project has entered the "approval stage". Within 24 months and 12 months after the standard-setting cycle, the project will be approved and released by the National Standards Committee. The official conclusion of this project is still about four months away. At that time, the production and circulation of glass pipes in China will be carried out in accordance with the requirements of national standards.

  The competition in the domestic glass pipes industry has reached the capital level. Since the second half of 2018, glass pipes has entered the financing peak, with 11 financing incidents, excluding 650 million US dollars, Juul 650 million US dollars and 12. High financing of US$ 8 billion and financing of other brands of nearly 500 million yuan. The year 2019 has entered an accelerated operation phase. By the end of May, there had been 11 financing incidents with a total financing limit of nearly 900 million yuan, many of which were new brands established in Shenzhen in 2019. Financing was concentrated in Ambassador Round and Round A, which were still in the initial stage. Behind this round of glass pipes is a collection of front-line investment institutions such as Sequoia Capital, IDG, Vibration Fund and Information Source Capital.

  Brand platform, the first in China to enter the industry, and glass pipes, currently the largest, was founded by ying wang, former head of Uber China and general manager of Didi Uber's business department. In June 2018, Yuechao announced that it had completed the first round of 38 million RMB financing, led by Source Capital, IDG and Investment. In March this year, Yuechao reported a new round of financing worth 800 million US dollars.