Wednesday, December 22, 2010

Hong Kong Alibaba's "treasure"?

Between men and women, "7 year itch" seems to be a truth, whether it's love or marriage.

From this perspective, the Alibaba Mayunhe he can be considered an exception, the experience of life and love with 7 years, and finally in the eight years of "deliberate", it is restored as a festivity.

Yesterday, MA in the Group's annual meeting confirmed the Alibaba B2B launches Hong Kong listing process, and has been submitted to the stock exchange of the first application.

MA in his speech, says: "the founder of a great company is more important than the listing. "Therefore, Alibaba to be the" century-old shop ", with GE, Microsoft, Wal-Mart, you have to have a schedule. Ma's than yours is: "the next five years, China will become the world's largest Internet countries, Alibaba to 3 years to become the world's top Internet 5, 10 years to become the top 3 of the Internet. ”

This tone is not small, MA confidence from? the answer is — business process.

For turbulent Internet start-up companies, Ma said: "the start-up of the first day is dark, the second day is dark, only third genius is bright, the problem is that many companies have died in the second night. "Go through hardships of the night, optimistic Ma greet the dawn. Remember just start it will be in 1999, MA to laugh at yourself, just like a maniac as on the partnership's friend said, put your money on the table. At that time, a total of 6 million pooled. It is our first Fund. However, after 6 months, the sleeves dance English teacher hands from Goldman Sachs got a $ 50 million investment, in 2000, and Ma "love at first sight" SOFTBANK CEO son Masayoshi also voted million. However, at the same time, the Internet bubble burst, haven't tasted sweet taste of Alibaba forced to cut back on business, the 2003 SARS crazy, MA men were all turned into a Home Office "SOHO" ...

You said that night, estimate the pessimist all this jump from.

However, the 1 m 6 little but very forcefully in the past. In 2003, eBay's acquisition of eBay's on the same day, mayunhe SOFTBANK found Alibaba Resort: they create the Taobao, eBay China website directly and compete. Next February, Taobao financing 8200 million, MA successfully completed "counterattack." Since 2005, is familiar with Yahoo's Alibaba "marriage", MA depend on the success of this resort, the company's market value to get more than $ 40, won a 40% stake in Alibaba, Yahoo! agreed to Yahoo China business control to Alibaba, this business value 7 billion. Is Ma's "international card" out pretty, Taobao business of Dubrovnik, Alibaba for seven consecutive years by Forbes named "one of the best B2B" website. This allows more investors saw the Alibaba do 102 years of world-class enterprise vision is not an idiot.

September Hong Kong listing marks Ma global layout opened a new page, Goldman Sachs and Morgan Stanley as its delegate to United Kingdom dealers, investment banks Lochiel company (NMRothschild) as financial consultants, we carefully through his experiences and Waterloo Road.

Industry analysts believe that the financing of this listing is expected to Alibaba 78 billion, according to this calculation, the Alibaba group only B2B business market value will reach $ 40 billion to 50 billion u.s. dollars, as will the Group Taobao and Alipay service according to this calculation, the group is expected to exceed $ 10 billion overall valuation.

Last year's October 27, "century giant unit" commercial bank of China, Hong Kong IPO history, to 191 million financing scale, breaking the previous Japan Telecom Giants NTTDoCoMo's 184 million records.

After a year, Alibaba B2B business-to-market, is expected to become the Hong Kong stock market, the largest technology stocks, but also will refresh the Mainland of Internet enterprises overseas IPO financing. Why did not like Sina and NetEase, select United States NASDAQ? officially very dubious: chosen Hong Kong because as a financial centre and the International Trade Centre's dual identity. On the other hand, also because of the global capital markets more liquid, United States and Hong Kong stock market valuation differences is disappearing, the Hong Kong stock market is high.

In fact, many technology electronic Internet companies choose to NASDAQ, mainly because there is a lot of venture capital institutions, like you put pork to the handsome selling pork places to sell, so much easier to find the target customer.

But Ma choose Hong Kong, seems to be more "sword go cross".

First of all, we are a full range of finance market, easy to absorb multiple funds.

And with things like eBay died for so many years in the United States on the site should still be a disadvantage.

Secondly, Alibaba's financing has been his strength, this time landing Hong Kong equal to enter an international financing platform; post-marketing, with business development, Enterprise, if necessary, you can make the refinancing.

Hong Kong stock market and financing capability is very strong, and market flexibility to meet the needs of the enterprise. In Hong Kong refinancing usually by placing, listing companies can according to their own needs, grasp the appropriate market opportunity; Goldman and Morgan do zuobang right arm, Alibaba wants money isn't easy. Finally, no matter where the listing, this all can reach two major effects: standardize enterprise and competitiveness. This slow pace can provide "102 old shop" to lay a solid foundation. Alibaba B2B GeneralPrior to that, the Conference Wei zhe Alibaba to achieve by 2010 the global Internet for the first five strong, at present, the top five strong enterprise is the United States, Google, Yahoo, Amazon, Yahoo and eBay Japan, where the market value of the minimum reached US $ 14 billion. Today, plus there are billions of Alibaba previously disclosed the cash reserves, the amount of us $ 1 billion of financing will also provide for the internationalization of Alibaba sufficient funding. In April of this year, Alibaba Hong Kong Branch was established, and plan for the third quarter of this year opened a branch office in Japan, these initiatives will be strengthened after the listing, and will no longer be easily changed.

Ma before said: "listing just like on the ring, you will be in everyone's watching, so be prepared.

"Some say, 4 years ago, Alibaba has listed qualifications, but can wait until today, the MA is patience. This time the Hong Kong market, I believe his goal merely "win in China". Anyway, Alibaba's spell has started to pray, stealing treasure, it is estimated that deal with thieves!

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