21 Industry Investment And Financing Research: Policy Dividend Boosting Pan TMT Investment: Institutions Focus On New Formats And Traditional Industry Empowerment

Science and technology innovation board, registration system, new infrastructure, and a new round of policy dividend are driving TMT investment enthusiasm.

At the same time, China's TMT enterprises have also made outstanding performance in the capital markets such as the Hong Kong Stock Exchange and NASDAQ. The activity of the secondary market has enhanced the confidence of PE / VC investment in the primary market, and the fund-raising recovery has also happened quietly.

Compared with consumption, health care, manufacturing, real estate and other sectors, TMT's innovation attribute is more obvious, and it also widely coincides with the "new economy" since 1990s.

With the gradual expansion of the role of science and technology in the economy and society, science and technology not only integrates with the media and telecommunications in the TMT plate to form a new business form, but also combines with the traditional industries such as consumption, medical treatment, manufacturing and real estate to bring about changes in various industries.

In the past few weeks, the venture capital team of 21st century economic report has sorted out six major changes in the pan TMT field based on industry investment and financing data and investor interviews since the second half of 2019.

What needs to be noted is that TMT is a rather broad field, no matter from the traditional definition of telecommunications, media and technology, or the concept of "Pan TMT" today. In the process of data statistical analysis and industry survey and interview, digital medicine, online education and intelligent car, which are combined with science and technology and traditional industries, are divided into completed medical industry, ongoing education and training, intelligent manufacturing series research. Sports and entertainment will be separately interpreted in the following.

Although the investment speed of VC / PE Investment Center has been sorted out clearly, it is still found that the investment channel of science and technology research center will continue to improve the overall investment channel of the industry.

After 2020, domestic investment and financing transactions will slow down due to the impact of the epidemic, but some innovative products and applications have expanded the user base driven by the "contactless economy", and investors have also increased their attention in the fields of it, information technology and enterprise services. From the investment and financing transactions that have been completed, after eliminating the intersection with education, medical and other fields, artificial intelligence, big data, cloud computing, Internet of things, e-commerce are the highest investment track.