资本的嗅觉非常灵敏，对于快递行业的前景也无不看好。但涉足这个行业的资本却格外低调，既便已经投资了的快递项目的也不愿意多说。

Capital's sense of smell is very sensitive,Prospects for the industry will look good.But in the capital are exceptionally low for this industry,Both had already invested in the Courier project also don't want to say more.

　　目前公开的风险投资案例有:君联资本在2011年入股韵达，力鼎资本等3家PE注资全峰快递等，《中国经营报(博客,微博)》记者了解到:尚橙物流也拿到了几千万元的风险投资。

Now public venture capital cases are: jun lian capital contribution YunDa in 2011,Peak force tripod capital three PE capital all express, etc,[China business news(blog,weibo)]The reporter understands, it is orange logistics also got the risk investment of tens of millions of yuan.

　　但是这些投资公司都不愿意正面谈论快递公司及行业的发展以及未来等观点，这背后有什么原因？

But these investment companies are not willing to talk about delivery companies and the development of the industry and the future view,What is the reason behind this?

　　虽然各路资本都看好快递行业的未来，但对于资金需求量大的快递行业来说，风险投资的几千万、几亿元资金都是杯水车薪，往往风险投资公司在快递公司的话语权远不及其在互联网等其他公司中来得重要。

Although capital of all stripes in express delivery industry's future,But for capital demand big express delivery industry,Tens of millions of risk investment/Hundreds of millions of yuan funds are a drop in the bucket,Tend to risk investment company in the delivery company say far from and more important in other companies, such as the Internet.

　　从资本来源看，更多的产业资本，他们不需要通过上市等方式获利退出，而是通过分享利润的方式形成回报。比如原申通快递总裁奚春阳愿意溢价6000万元收购海航集团旗下持有天天快递的股份，而此前海航集团花了1亿元的价钱收购了天天快递60%的股权。

Look from the source of capital,More industrial capital,They don't need a profitable exit by way of listing, etc,But is formed by means of share profits in return.Such as the original XiChunYang shentong express President willing to premium $60 million acquisition of hna group, hold shares in the daily express,That hna has spent 100 million yuan price to acquire 60% stakes in the daily express.

　　尽管与海航集团不到两年的合作并不顺利，但是作为投资来讲，海航集团并不算太亏。不过，投资也有风险，快递业老将陈平创办的星晨急便就是一例，其投资人的投资亏损是定的了。

Though cooperation with hna group less than two years did not go well,But as an investment,Hna group is not very much.but,Investing is risky,The express delivery industry veteran founded Chen ping stars JiBian is an example,The investment losses of investors is set.

　　“大家都想投资获利，但网点谁愿意出钱来建呢？”熟悉快递行业的上海天恺管理咨询有限公司总经理孙文有指出，建设网点是需要大量投资的，就连公认发展最好的顺丰去年也遇到了资金压力。这一现实也使得一些快递公司只能通过加盟的形式来发展。然而，加盟又是一把双刃剑。近日，圆通着手上市被炒作，其被诟病的一个方面就是其加盟模式。

"Everyone wants to invest benefit,But the network who is willing to pay to build?"Shanghai kai familiar with the industry management consulting co., LTD. General manager Sun Wenyou pointed out,Construction site is need a large amount of investment,Even recognized the best suitable abundant development last year also have money pressure.This reality makes some delivery company only through to join in the form of a development.however,Joining is a double-edged sword.In recent days,Yuantong listed by hype,It is one aspect of the joining mode.

　　加盟方式的确是快递公司上市时最头痛的问题，在其他的一些行业里，公司上市之前会通过收购加盟商进行整合调整，等上市之后再大力发展或恢复加盟商。但快递行业涉及全国无数网点，收购谈何容易？而这些问题都直接关系到风投进去之后退出的问题，在这些难题没有得到解决之时，资本谋求的上市退出就存在着不确定性。

Joining is express company listed in the most headache problem,In other industries,Companies listed before will integrate the joining trader adjustment through acquisitions,After listing to vigorously develop or restore franchisees.But the Courier industry involves numerous outlets across the country,It was hard buy?While these problems are directly related to the vc go in out of question,In these problems not been solved,Capital for listed out there is uncertainty.

　　此外，快递企业本身还面临着行业内的诸多的不确定性因素，比如政策。对于一些投资公司而言，过早的暴露身份于己并不是什么好事。因此，投资快递的资本都想做背后的隐形推手，并不想过早地走到台前。

In addition,Express delivery enterprise itself is also facing many uncertainty factors in the industry,Such as the policy.For some investment companies,Early exposure to identity isn't a good thing.so,The delivery of investment the invisible driving force behind all want to be,Do not want to prematurely onstage.