2014616 100% 80% 300 60% 40% 20% 0% -20% -40% May-13 Aug-13 Nov-13 Feb-14 S1060513100001 021-38636275 xiaolele077@pingan.com.cn S1060113090001 021-38630376 chenning199@pingan.com.cn 300 2.19% 2.76% 2.05% 300 1 2014 30 2 10 Vice P2P O2O 11Main PriceLine 26 OpenTable 46% 30% IOS IPO
... 4 1.1... 4 1.2... 4... 5 2.1... 5 2.2... 6 2.3... 8 2.4... 9 2.5... 9... 10 2/13
1... 4 2 20140609-20140613... 5 3 20140609-20140613... 5 4 20140608-20140614,... 10 5 2014 6 13... 10 6 2014 6 12... 11 7 2014 6 12... 11 8 20140608-20140614... 11 9 IOS 20140615... 12 3/13
1.1 300 2.19% 2.76% 2.05% 300 1 2014 30 2 1.2 4% 3.21% 3% 3% 2% 2.05% 2.56% 2.01% 2% 1% 1% 0.47% 0.68% 0% Wind 4/13
% % 1 27.07-3.42 2 19.50-2.93 3 15.48-2.82 4 13.10-2.39 5 11.54-2.25 Wind % % 1 12.90-20.64 2 12.29-7.37 3 10.19-4.90 4 8.66-4.05 5 6.97-3.78 Wind 2.1 IT FIFAPro 2014 FM E3 Wii U 5/13
Project Spark 80 8 2015 IT, APP 2013 IM! 5 IPO 2011 ~2013 99% 2.2 Prime Music Prime Music 100 79 119 SpotifyDeezer Pandora Milk itunes Radio 32 Beats Songza 6/13
O2O 10 113 20 200 2012 40 O2O O2O 11 20 3 5 CEO 2013 53% 2017 83% 2017 50% 8 10 Vice Vice Meida 10 21 5% Vice Meida 2013 14 7000 Vice Media 1994 NBA Vice Media HBO 7/13
2.3 P2P 11 2013 1 P2P 2 P2P 3 2011 2013 10 57 P2P P2P P2P 4 1000 1 IT 6 13 O2O 21 0.6% 0.78% 1.25% 7:2:1 6 10 21.7% 30% 8/13
2.4 5 B2B Alibaba.com 6 3 KappaASHPoliceDelonghiLavazzaBaci Borghese 11Main Vendio Auctiva 11 Main 11 Main // / 11 Main 11 Main 11 Main - 11 Main PriceLine 26 OpenTable 46% () Priceline 26 OpenTable Priceline Priceline OpenTable 103 OpenTable 46%OpenTable OpenTable 3.1 OpenTable 10 Priceline Booking.com Kayak.com 1500 OpenTable Priceline Priceline 50% TripAdvisor Lafourchette 1.2 2.5 30% 2014 2013 28.8% 42.1% 29.1% 1. 2. 9/13
3. 2013 38.6% 13.7% 13% 1. 2. 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 12900 9640 9100 4380 4550 3900 3900 6-8 6-9 6-10 6-11 6-12 6-13 6-14 CSM48 10/13
CSM48 CSM48 265G 11/13
Appannie 12/13
6 300 20% 6 300 10% 20% 6 300 10% 6 300 10% 6 300 5% 6 300 5% 6 300 5% 2014 4008866338 4036 16 518048 075582449257 1333 25 200120 02133830395 23 6 601 100031