Whether foreign war investment can continue to write the legend of venture capital

In the field of Internet investment in the past decade, foreign venture capital has made brilliant achievements, especially the huge investment in Alibaba has obtained huge returns However, there are few successful cases of foreign war investment Except for Yahoo's investment in Alibaba by mistake, other Internet giants have not achieved good results in China In addition to the policy reasons, the main reason is that foreign investors do not estimate the particularity of China's Internet market, and the strategy is not suitable for China's local market In the new investment field of Internet health care, domestic investment is just emerging Where is the opportunity for foreign investment? Can it change the previous dilemma? Just as the development of the Internet is rising from the United States, the digital medicine represented by Internet medicine is also rising mainly in the United States Therefore, the investment trend in the U.S market has become the focus of the Chinese market However, after more than ten years of development, the particularity of China's Internet market proves that the business model of the United States cannot be copied to China This is what foreign-funded enterprises that want to make strategic investment in China must face up to The medical systems of China and the United States are totally different, which means that the development of internet medical service with medical service as the core cannot adopt the American model in China However, in the field of Internet health care, foreign investment still has its advantages First, the United States has a relatively mature development model, and foreign investment has gained important experience in the U.S market Medical treatment is a highly specialized industry, and internet medical treatment can not get rid of its characteristics of specialization Because of its specialization, there is little difference among countries in the field of specific consultation, tracking and data analysis Therefore, the experience gained by foreign capital in mature market is very valuable and has strong technical advantages Second, foreign investment has a strong capital advantage No matter pharmaceutical companies, medical device companies or insurance companies, they are all enterprises with super cash flow They have a greater advantage in investment scale and can attract companies that want to be merged And for those foreign enterprises who have been working in China for many years, their advantages offline can promote the development of the acquired party and continue to make the cake bigger This is also the most attractive point for many companies Third, foreign investment has the advantage of talents Needless to say, no matter in terms of salary or corporate culture, foreign investment has many advantages that domestic companies can't match, which is more beneficial to attract talents Moreover, foreign investment is basically concentrated in the first tier cities, and it is easier to attract the best talents Many domestic companies are not in the first tier cities, which also hinders their access to excellent talents Talent is the most important asset of investors Strategic thinking can not be obtained through simple training However, foreign investment in China is still facing great difficulties The most important thing is that the particularity of Chinese medical system leads to the lack of impetus for the development of internet medical system The demand volume of Chinese medical market is very large, but under the premise of the lack of payers, the development of Internet Medical obviously meets a big bottleneck In fact, users need such services, but they are not willing to buy them at their own expense on the premise that they cannot use medical insurance Therefore, the current internet medical enterprises can't be bigger Secondly, the investment regulation of medical care is relatively strict, and the Chinese government has not yet made clear and detailed regulation on internet medical care like the FDA of the United States But once the regulatory details are released, the policy risk is very strong At this point, foreign investment is in a disadvantageous position Finally, foreign investment faces local barriers Many local governments have their own set of policies for the medical industry In order to enter these areas, foreign investment must learn how to solve the problems brought by these policies, which will encounter different levels of regional barriers for local enterprises with foreign strategic investment Despite these problems, the advantages of foreign investment are still very obvious First, the development of foreign pharmaceutical companies and insurance companies in China has gained a certain market, which helps them become the booster of the invested enterprises, and they can become the payer of service products themselves Second, at present, China's medical system is a heavy burden on the government The government has increased its openness to private and foreign investment, which is better than the entry of foreign investment for a long time Moreover, as foreign hospitals step up their efforts to enter China Foreign investment will also gain a wider market.