| Strategic investors have been endemic in our country for13years since the year1999, the controversy about strategic investor’s contribution to the economicdevelopment has never stopped during the time. The age of the Internet has alreadycome, the rapid development of internet market promotes the booming of the listedinternet companies. Most internet companies will choose to introduce strategicinvestors in the listing process, as long as its capital and competitiveness for thefuture development.2012, Alibaba announced the acquisition of Yahoo China, itsstrategic investor, the bilateral strategic cooperation in Yahoo helped Alibabaovercome the most difficult period to conquer E-Bay, paved the way for Alibaba ’sdominance in the field of B2B. Yahoo also got huge profits from Alibaba’s rapidgrowth of the stock price and profits.This is more than an independent internet company event, but a microcosm ofthe entire internet industry. Under Chinese booming internet industry developmentprospects, driven by the new wave of listed, what influence will strategic investorsmade one the listed internet company? The development prospects of Chineseinternet industry is booming, How will the internet company listed on the New Wavedriven internet companies by introducing strategic investors in the end? Comparingwith previous routine introduction of the venture capital practice, whether theintroduction of strategic investors can promote the long-term development ofChinese internet industry It has great important significance to the development ofthe internet company.The theoretical part of this article reviews the status of listed companiesintroducing strategic investors, analyses the mechanism of strategic investors. In thefirst of the model validation part, the author analyses several variables indicatorsreflects the nature of the strategic investors interpret and give the regression analysismodel, tests its goodness-of-fit to verify the applicability of the explanations the model have for the value of Internet companies. Empirical research section, selectsinternet companies which introduce strategic investors for more than three years, andselects ten representative companies as sample, and then uses SPSS to test therelevance of the model.This paper aims at researching the influence the strategic investors bring to thevalue of the internet company, analyses the positive and negative changingrelationship between the various factors of strategic investors and the company’svalue, takes the distinctiveness, puts forwards suggestions for the decisions ofinternet companies’ introduction of strategic investors, and reaches the purpose ofgiving theoretical support and practical suggestions for the two sides of the strategiccooperation. |
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