8 In The First Ten Days Of The Month, Ali'S Listing Value Was Far Lower Than Expected.

< p > the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net "Xiaobian to introduce the Alibaba or early in mid 8. < /p >
"P >" Alibaba group updated its prospectus yesterday, raised its self valuation from US $117 billion at the end of 6 to US $130 billion, and appointed two directors at the same time, and the board members expanded from 9 to 11. Reporters learned yesterday from people familiar with the matter that if all goes well, Ali will be listed on the NYSE in early 8. < /p >
< p > < strong > valuation is still far lower than Wall Street's analyst expectation < /strong > /p >
< p > for the upregulation of valuation, Ali explained in the prospectus, because the company paid the share price referred to "a href=" http://www.91se91.com/news/index_cj.asp "> stock < /a > compensation when it was paid to employees. The company's self valuation in Friday's paper was $56 per share, up from $50 a share. < /p >
< p > but the revised Alibaba's self valuation is still lower than that expected by Wall Street analysts. An analyst survey released in April shows that Alibaba group's valuation is expected to reach about US $168 billion. Alibaba IPO has the potential to create the history of the US capital market, with a scale of about $20 billion. < /p >
< p > < strong > after the listing, the board of directors will increase from 9 to 11. < /strong > < /p >
< p > updated documents show that once the Alibaba group is listed, a group of 27 executives and investors such as Ma Yun will be able to appoint two additional directors in its board. This means that the board of directors of the Alibaba group will increase from 9 to 11, which will enable the group headed by Ma Yun to gain majority control over its board after listing. < /p >
< p > Alibaba has disclosed that the list of directors after listing is 9, of whom 4 are from Alibaba partners. Alibaba group has said that the interests of Alibaba partners are likely to conflict with the interests of investors involved in the group's IPO transaction. Therefore, the Alibaba also added a risk factor, saying that the long-term interests of its partner structure may conflict with investors' pursuit of short-term financial performance. < /p >
< p > < strong > first disclosing the new details of the divestiture of Alipay < /strong > /p >
< p > Alibaba group established the Alipay department in 2004, and even after being stripped, Alipay still has a majority share in the group's retail business payment service. In 2011, Alibaba group divested Alipay business and sold it to an investor group, including Ma Yun, while Ma Yun held 46% of Alipay shares through Zhejiang Alibaba e-commerce company. < /p >
< p > for this reason, the paper explains that the reason why Alibaba group wants to divestiture Alipay business is to transform it into a domestic entity, thereby avoiding the time when the business license has been delayed due to the newly issued Chinese regulation. Alibaba group said in a document: "this has led Alipay to obtain the payment business license without delay in May 2011, and has not had any adverse effect on our retail business in China or Alipay itself." < /p >
< p > in addition, the updated prospectus document referred to the stake in Hengda University. According to the document, < a href= "http://www.91se91.com/news/index_s.asp" > Alibaba < /a > completed the investment in Hengda football club in July, accounting for 50% of the shares, and paid an investment amount of 1 billion 200 million yuan. < /p >