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  <title>启明创投黄佩华：投资摩拜是看重其新颖的商业模式 | Qiming Venture Partners</title>
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            <h2 class="font-medium">启明创投黄佩华：投资摩拜是看重其新颖的商业模式</h2>
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          <span class="date-display-single">23/04/2017</span>    
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          <div><div class="news-group" readability="19"><p align="left" class="news002">4月13日，在由投中信息主办的“第十一届中国投资年会年度峰会”上，启明创投合伙人黄佩华女士在接受采访时，介绍了一些自己在创投方面的经历和心得。黄佩华表示，投资更加看重的是创业公司的商业模式。</p><p>公开信息显示，启明创投主要专注于资互联网消费、医疗健康、信息技术等方向。截止目前，启明已投资超过180家企业，其中有超过30家分别在美国纽交所、纳斯达克、香港联交所、台湾柜买中心、上交所A股及深交所上市或通过并购方式赢得投资回报。</p><p>在2017年1月4日，摩拜单车的D轮融资中，启明创投也参与了投资。对于看好摩拜，黄佩华表示，摩拜的亮点就是解决最后一公里的出行。对于“最后一公里”，共享单车是一个很好的解决方案。其指出，摩拜单车是一个比较创新的投资公司，“我们觉得摩拜对怎么去运作一个共享单车的项目讲的比较透彻，对车的改造，包括GPS定位、智能锁等都是十分新颖的，它可以降低运营成本，使共享单车持续性的运营。”</p><p>除了摩拜，谈及2017年的投资，黄佩华女士表示，自己会持续关注消费升级新零售概念、文娱板块以及海外的一些投资项目。其表示，“很多中国的创业者现在也开始看海外市场，在海外市场，中国创业者可能有一些优势，因为毕竟在中国的市场已经知道了什么是成功的要素，他们到另外一个市场可以复制。”此外，黄佩华指出，包括医疗大健康，IT、人工智能等等也是启明创投2017年的关注方向。</p><p>尤其是文娱板块，黄佩华表示，随着新媒体的发展，一些新媒体的优势就是善于运用各种平台。比如对于启明创投投资罗辑思维，其表示，罗辑思维的优势就是利用了一些互联网平台，然后打造自己的品牌，同时罗辑思维的内容做的十分优秀。“他有能力吸引很多优秀的内容，然后提供很好的产品给用户，这是一种新的商业模式，付费内容的商业模式，罗辑思维是第一个提倡的也做得蛮成功的，这是我们非常看好的一个方向。”</p><p>此前，启明创投投资的美图秀秀于2016年12月在香港成功上市，而启明创投投了三千多万，估值现在是3亿多，获得十几倍的回报。对于投资美图公司的成功，黄佩华表示，像美图等独角兽公司是可遇不可求的。其表示，“对于独角兽公司，我们一直在努力寻找，第一个看创业公司是不是在解决一个用户的痛点，第二是看创业公司的商业模式怎么样，会不会有爆发性，企业规模化的发展以及盈利等”。</p><p>尽管美图公司目前仍然没有实现盈利，不过黄佩华表示，启明创投更看重的是公司的商业模式，公司是否创造价值、运作模式有没有吸引力、有没有战略价值等。</p><p>针对启明创投投资的一些公司分别在美国、香港、中国大陆上市，关于其中的差异，黄佩华表示，好的公司都可以找到适合他们的市场。黄佩华称，“一直以来美国纳斯达克市场是很适合互联网公司和创业公司，因为美国股民看好创新的模式，他们主要的步骤更多是公司的成长性、创新能力。港股更多适合一些零售企业，规模要稍微大一些，美图就是一个很好的案例。A股市场更多是鼓励一些比较能够稳定盈利的公司上市，而且合规性非常重要，所以我觉得可能不同股市适合不同的公司。”</p><!--结束#footer--></div></div>    
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