2011 DaD Asia Annual Review

2011 is the second year of DaD Asia in China, as well as a year of great geographical access achievement of us. In this year, DaD Asia started from Shanghai, accessed Hangzhou, Suzhou, Nanjing, Beijing, Dalian and Sichuan. We communicated with the local entrepreneurs in those cities based on the topics of  startups, fundraising, future of Internet, etc, and officially cooperated with the local tech parks like Hangzhou Zhejiang University Tech Park, Suzhou Boji Tech Park, Dalian High-Tech Industrial Zone, Chengdu Tianfu Software Park, in order to work together to help the entrepreneurs realize their dreams.

Meanwhile, DaD Asia also actively participated different kinds of startups related salons in Shanghai. We cooperated with many organizations and platforms that provides services to startups like Tongguang Capital, Fund-Zone, StartupWeekend, etc, delivered lots of speeches, interacted with entrepreneurs based on the topics including the problems that all the startups will experience,  like the future of the industry, the feasibility of business model, key facts for fundraise. During the events, DaD Asia also found some attendees that has potential cooperation possibilities with our portfolio(medias, brand managers, etc), and helped the portfolio to work out the cooperation with them.

DaD Asia was growing fastly in 2011, at the same time, our portfolio also reached great achievements. Through a year’s hard work, the orders dealing ability of Xpfood , which is a take-out food platform for white collars , university students and teachers, neighbourhoods in Shanghai has improved a lot,. Now the customer service can easily deal more than 10,000 orders per day, monthly transaction achieved 3.8M RMB, yearly transaction surpassed 40MRMB, and the transaction is growing with a high speed! Xpfood’s business covers the central part of shanghai, universities and industry study base, with more than 300,000 users, 13,000 cooperated shops, 400 of them are strategic cooperation partners. In November，Xpfood launched mobile version and got very good feedback from the users, the percentage of the orders from mobile platform keeps increasing; In the past year, Kukaki, a B2C creative home living E-commerce platform verified the marketing positioning and product direction by the deep marketing research, as well as finished the video making, website renewing and product packaging, achieved first revenue; Tiao, a vertical football SNS achieved 500,000 users increase in 2011, with the combination of online and offline platform, events like 0 distance with English Premier League, Supercup for football fans groups held in the nest, Red devil groups are very exciting. Tiao also finished the research of business model, including social E-commerce, O2O and value-added business expansion, etc; 51intern, a SNS for university students and fresh graduates achieved national university lecture tour in 2011, clarified business model and launched beta version of the website.

DaD Asia is very happy for the progress our portfolio made in the past year, meanwhile, we talked exchanged opinions about the Internet industry of 2012 and the cooperation with DaD Asia. The entrepreneurs say:

Tiao’s CEO：China’s Internet industry will face fiercer competition of the dragon year, mobile Internet industry will keep growing, E-commerce will find its business nature, the homogenization of platform will get worse, the vertical SNS will have great achievement. The global economy will get bad influence from Europe, so 201212 should not be a very good year, but the bad situation will give Internet industry more opportunities, we believe we can go further and better in the DaD Asia family.

Xpfood’s CEO： Internet industry is changing every minute, how to find the opportunity in the change, how to develop in the change, is a necessary lesson for every entrepreneur. 2012 will be an explosion year for mobile Internet industry. Xpfood has focused on the establishment of local life circle platform for a long time, on this platform, the informationalization of the shops does need “mobile Internet application” , to let the shops use the platform to provide more precise service and products to the users.

Xpfood team

The cooperation with DaD Asia in 2011 gave Xpfood lots of strength，the business gradually covers Shanghai. The effort for team establishment, the sensitive business sense of the market, DaD Asia doesn’t only provide simple capital, DaD Asia is a;sp an elder people, a fellow, a real friend who provides experience, passion and resources.

And to DaD Asia, we expect to work with the family in the new year, together to walk to a new milestone, and we are looking forward to welcoming more startups to join our family!