Lead
Introduction
To build a car is to create wealth, and Wang Shi could not resist it.
Author 丨 Deng Yongtuo
Responsible editor 丨 Du Yuxin
Editor 丨Zhu Jinbin
Wang Shi made a big move again.
After stepping down as chairman of Vanke and leaving the business world5, the 71-year-old real estate tycoon once again returned to the capital market he was familiar with. This time, Wang Shi pulled a group of old friends, will dabble in the SPAC (Special Purpose Acquisition Company) model from US stocks to Hong Kong stocks, launched an SPAC company Shenshi acquisition, and is ready to list in Hong Kong.
On the evening of 8 April, Shenshi Acquisition Enterprises Limited (hereinafter referred to as "Shenshi Acquisition") submitted a prospectus on the Hong Kong Stock Exchange, and the initiators were Wang Shihe AIIB Fund Management Co., Ltd. (hereinafter referred to as "AIIB"). The market generally believes that Wang Shi's participation in the capital market this time will focus on the layout of carbon neutral fields.
This is the first carbon neutrality SPAC company on the Hong Kong Stock Exchange, and one of the promoters, Wang Shi, is the founder of Vanke Group, who stepped down as chairman of Vanke five years ago.
What's the origin of deep rocks?
Wang Shi started a business again, why did he choose SPAC. In the eyes of the outside world, Wang Shi's early tasting of SPAC shows that its layout of the carbon neutral field will be deeply involved in financial investment. According to the prospectus, the Deepstone acquisition is expected to identify and acquire target companies, first of all, on the condition that it has "market leadership in target industries such as green technology and environmentally friendly consumer goods and services".
The prospectus shows that the global efforts towards a low-emission and sustainable development path could not only bring about transformation and change in all aspects of the economy, but also lead to significant investment opportunities in the foreseeable near and long term.
Specifically, green technologies refer to those that contribute to the transition to a net-zero carbon economy, including but not limited to urban technology, smart cities, real estate technology, electric vehicles (EVs), clean energy, Internet of Things (IoT), automation, smart manufacturing, smart construction, and carbon capture, application and storage (CCUS). This may bring opportunities for Wang Shi to lay out the field of new energy vehicles.
Although, whether the establishment of SPAC Shenshi acquisition has become a signal that Wang Shi will build a car is still unknown. However, the management team of Shenshi Acquisition is very strong, the chairman of the company is Wang Shi, the CEO is Liu Erfei, the CEO is Liu Erfei, and the chief operating officer is Zhou Mo, who has worked on "Vanke and other consortiums to acquire GLP for 79 billion". In addition, Zhang Chaoyang, founder of Sohu, Liu Shuwei, "Dong Mingzhu's girlfriend" and Lin Qianli, are independent directors.
It is worth mentioning that Liu Erfei seems to be quite interested in the automotive industry, which also makes people speculate about "Wang Shi's car". According to reports, Liu Erfei's Asian Investment Capital invested in Xinkangzhong, a professional service provider in the automotive aftermarket that is committed to covering the whole country in September last year. Founded in 1995, Xinkangzhong was founded as the Kangzhong Auto Parts Chain, which was later established by integrating part of the supply chain of the original Auto Superman, Alibaba Group's auto aftermarket business and related resources.
Some analysts pointed out that the founder and management team are extremely important for SPAC listed companies, because in the early stage of SPAC listing, it is an empty shell, and the founder's investment vision and influence have become the only indicators that investors can refer to.
Next NIO Capital?
In the automotive circle, the SPAC model is not unusual. Since 2020, the listing of the US stock SPAC model has been extremely hot, and Jia Yueting's Faraday Future is listed through the SPAC method. Although Wang Shi's deep stone acquisition is still only a shell company, it seems that there will be some stories considering the field of its choice of layout.
Considering that the early development of new energy vehicles is essentially to burn money, and Everyone in Wang Shi and his team has an excellent investment vision and influence, even if they do not personally "go to the sea" to build cars and acquire several new energy brands with development prospects, they may also break out of the world. This makes people wonder whether the deep stone acquisition will become the next NIO capital.
Today, NIO has been able to enter a good development model, largely thanks to Li Bin's forward-looking strategic vision and NIO Capital as one of the managing partners. NIO Capital has a big pattern, that is, to create a broad alliance moat for NIO Automobile and escort the future development of NIO, so its positioning has become a connector for the new energy industry.
Since the first completion of capital delivery in 2017, NIO capital has silently built a "blue sky alliance" around the upstream and downstream of the industry. According to online public information, in the past few years, around the upstream and downstream industries of new energy vehicles, NIO has made a total of 46 sales and invested nearly 40 companies, mainly in the fields of Internet of Vehicles and travel services, automatic driving and intelligent systems, new energy and energy Internet.
Among them, 24 invested enterprises such as Energy Chain, Momenta, Mainline Technology, Four-dimensional Zhilian, and Wincher Technology have entered the next round, while the 3 companies of CATL, Ronbay Technology and Lianying Laser have completed ipOs respectively, and another one has been acquired by Evergrande Health and completed the curve listing.
In addition, it currently has several unicorn companies in its hands, which can not only obtain considerable returns in the future, but also gain certain resource advantages in the supply chain of Weilai Automobile.
For example, Momenta in the field of autonomous driving just received more than 500 million US dollars in Series C financing led by SAIC, GM, Toyota, Bosch, Temasek and others in March last year; And Tutton, which has good development prospects in the field of lidar, has just received investment from Temasek and BAI Capital, and its lidar products have become the mass production standard of NIO's ET7 autonomous driving supersensitive system; and the electric vehicle replacement network platform Aodong New Energy also reached a strategic cooperation with SoftBank Energy last year.
Then again, if Wang Shi's deep stone acquisition really wants to make a big fuss in the field of new energy vehicles, there may be more wonderful stories to share. But now the competition in the new energy vehicle market has long been different from the past, investment failures, chicken and egg fighting cases are countless, is it too late to start the layout of the new energy field?
If the deep stone acquisition can really become the next Nio capital, it will also stage a good drama. "While we may seek AUS targets in any business, industry or region, we intend to focus on the green technology i.e. environmentally friendly consumer goods and services sector, which is poised to capture the decarbonisation economic growth trend, and which may be headquartered in or have significant growth potential in the Asia-Pacific region," the Company said. ”
| Deng Yongtuo |
Not a big problem, there is no fear of cars.