Ma Yun Can Not Afford To Fight - Ali And Jingdong Compete For IPO

< p > Jingdong made a deal with Tencent before listing, and obtained Tencent's QQ online shopping and patting network 100% equity, logistics personnel and assets, and easy minority stock and easy to fast network surplus < a href= "http://www.91se91.com/news/index_c.asp" > equity rights < /a >, and WeChat and mobile QQ client level entry location support.

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< p > the increase in Jingdong valuation is obvious.

The prospectus shows that Tencent's valuation of Jingdong reached $15 billion 721 million after its stake, and Jingdong's valuation was only $8 billion 30 million in December 2013, which means that the valuation of Jingdong increased by 95.8% in a short time.

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< p > Tencent's stake in Jingdong also stimulated Alibaba's counterattack.

At the weekend of Tencent's strategic stake in Jingdong, Alibaba announced through micro-blog that it decided to launch its listing in the United States.

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< p > a senior person in the electricity supplier industry pointed out that there was no inherent conflict between Alibaba and Jingdong. However, it was the Tencent's stake in Jingdong that stimulated the launch of the listing in advance, and counteracted it at the public opinion and capital level.

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< p > < strong > this is the "nuclear war" of < a href= > http://www.91se91.com/news/index_c.asp > Internet > /a > < /strong > /p >

< p > an e-commerce analyst pointed out that Ali and Jingdong listed have a better story, that is, Ali hopes Jingdong will be listed successfully, and the valuation is good.

In this way, Ali can finish the listing in the first quarter of September 30th and get a bigger valuation.

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< p > Zhang Xiaowei, a trading treasure CEO, said that Alibaba originally disdained the company to be listed with Jingdong and other companies in the first half of the year. Now it is going to be listed on the market and grab the two quarter listing window. This will have a great impact on Jingdong and generate capital diversion.

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< p > "the war fuse is Tencent's strategic stake in Jingdong". E-commerce analysts pointed out that if the Jingdong strategy of Tencent strategic stake is fully realized, Ali empire is not "harassment" but "cutting".

This is a nuclear war that Ali can not afford to lose.

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"P", "Ali will take every effort and means to block it. In a capital market, two companies on the list of 1:10 companies will come to the market. How will you look at this?" this is a struggle. This war has become a nuclear war in the Internet field.

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< p > earnings report shows that Jingdong 2013 GMV (total merchandise trade) was 125 billion 500 million yuan, and 2012 GMV was 73 billion 300 million yuan.

Jingdong lost a net loss of 50 million yuan in 2013. Despite the sharp improvement in Jingdong's operation, there is something to worry about.

The interest income of Jingdong in 2013 was 344 million yuan (about 57 million US dollars), and the interest income was 176 million yuan in the same period last year.

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< p > Jingdong lost 579 million yuan in 2013, which is the weakness of Jingdong.

Zhang Xiaowei said, never look at the deposited money on Jingdong accounts, that money can eat interest. The question is how long does it take for Jingdong to use the money? If long term investment to buy a piece of land, land mobility and investment mobility are very poor. How can we ensure that the lid can be covered in the investment process? < /p >

< p > "truly conform to the business logic is that Jingdong is hurting on the market when its performance is the most beautiful." Zhang Xiaowei pointed out that it is best to solve the problem of listing in the second quarter and digest the operational data in the first quarter.

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< p > < strong > the pattern of Tencent Ali is less than /strong > /p >

< p > Tencent strategic investment < a href= "http://www.91se91.com/news/index_c.asp" > Jingdong < /a > has won praise for management such as Tencent CEO Ma Huateng and so on.

Many business people believe that, including Tencent investment in public comment and Sogou and other cases, Tencent in the Internet pattern increasingly reflects a strategic vision, very beautiful.

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< p > file disclosure, Jingdong's new shareholding structure: Liu Qiangdong's shareholding ratio increased to 18.8%, becoming the largest shareholder.

According to people familiar with the matter, the board of directors of Jingdong based on Liu Qiangdong's contribution to the past 10 years gave Liu Qiang an equity worth over 600 million dollars, accounting for 4% of the shares.

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Wu Bo, founder of P, thinks that this reflects the courage of Tencent in strategic Jingdong.

Investors behind the Jingdong also understand that we can make bigger cake together to get more cake. We are willing to make concessions when the plate of the Jingdong is large enough.

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< p > an electricity supplier industry pointed out that after Tencent's strategic stake in Jingdong, Jingdong had suffered from the attack of Ali and Tencent. It seems to be the second spokesperson in the field of electricity in addition to Ali, and it can get a higher valuation in the market.

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< p > above points out that Tencent management is more confident than before. In the past two years, the pattern is even higher. The globalization of WeChat will accelerate in the future. If Tencent can buy Snapchat again, it will be an international company. In another two years, Tencent will be able to compete with Google.

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< p > Alibaba and Tencent are now competing in the pattern and infiltrating in all directions.

An industry analyst pointed out that Alibaba has also had many layout in recent one or two years, and the scope is no longer confined to the Internet field. Especially in the financial field, the expansion is very successful, but in general, Tencent has a higher view on the pattern, and its investment logic is clearer and its vision is broader.

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< p > these people pointed out that Alibaba and Tencent now have a lot of weight and should swim together with China's economic globalization. Ali should aim at the company such as Amazon and Google.

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