Ali IPO Eve: Chain Lock "Lock" Staff

< p > the discussion on the listing of Ali group is continuing.

Just yesterday, YAHOO announced a new agreement with Alibaba group. The largest YAHOO a href= "http:// www.91se91.com/news/index_c.asp" > stock < /a > was reduced to 140 million shares from the original planned 208 million shares when YAHOO was sold at Alibaba group IPO.

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YAHOO's move is simple. This approach can benefit YAHOO and win more time for YAHOO CEO Meijer's revival plan, because holding Alibaba group's stock will enable investors to hold YAHOO shares for a longer time.

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At present, Alibaba group has raised its pre market valuation to $130 billion, but its final valuation is still uncertain. This has also become the most concerned topic for securities companies and funds. In the face of a possible financing cake of US $20 billion, securities dealers and funds have been ready to fight for it.

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< p > with the listing of Alibaba group, Alibaba will produce hundreds of millions of millionaires, but the whole Alibaba group is relatively calm inside.

A Alibaba group employee pointed out that many Alibaba employees, apart from holding shares of Alibaba group, still hold small and micro finance shares, and Alibaba group is equivalent to locking employees with a chain lock.

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< p > < strong > the surging tide of Ali IPO the former pactions are frequent < /strong > /p >

Earlier than P, the stock of Alibaba group could be pferred internally.

With the advent of Alibaba listing, many Alibaba Group employees have sold their own shares of Alibaba group outside.

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< p > in March this year, there were merchants in the circle of friends of WeChat selling 15000 shares of Alibaba group in the price of $65 a share. The reason for the sale of the group was that a friend of Alibaba group had been in the company for a long time, and the age of money needed to be spent.

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< p > except for the staff of the Alibaba group, there are a group of people intending to sell shares around it.

Obviously, this group of people selling stocks is not only short of money, but more importantly, if it can not be sold for 4 years, many people will not be able to carry it for so long.

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< p > another reason is that if the share price of Alibaba is close to $150 billion, the value of the Alibaba will be close to $150 billion. Many employees worry that the stock market performance of Alibaba group will be higher and lower than that of B2B company.

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< p > in fact, until June this year, the Alibaba group valued itself at only $40 to $50, and the company valued at between $93 billion and $116 billion 200 million.

When Alibaba group renewed its prospectus in July, its valuation increased to $130 billion, and the value of the stock that would be compensated to employees increased from $50 to $56 per share.

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< p > over the past year, Alibaba group has expanded significantly, and the value per share has increased significantly. Alibaba group's shares in September 30, 2013 were $18.50 to $22 a share, and the valuation in July 2014 has increased 2.5 times compared with a year ago.

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< p > around Alibaba group < a href= "http:// www.91se91.com/news/index_c.asp" > IPO < /a >, the organization is the main partner of the Pre-ipo stock.

A Chinese fund industry told Tencent science and technology that the price of the agency from different sources varies from 50, 60, 70 to 80 dollars.

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< p > these people told Tencent technology that at present, Alibaba group has halted the trading of Pre-ipo stock. The important reason is that Alibaba group is mainly selling old shares. If the issuing price of each share is too high, it will be cheaper than YAHOO.

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< p > the sharp rise in the price before the Alibaba group's stock trading also led to institutional unrest. The highest price per share climbed to 60 to 80 dollars, corresponding to the market value of 170 billion -2000 billion dollars. Too high valuation price brought risks to the future market, and the organization hoped that the price would rise to at least 110 dollars to get enough profits.

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< p > the Chinese fund stakeholders who wish to participate in Alibaba IPO also told Tencent technology that if the issue price of Alibaba group is too high or the lock period is too long, it will affect the purchase desire of the Chinese fund. If the result is not satisfactory, it may choose to wait and see.

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< p > there are also a group of "calm" people in this round of pre IPO pactions.

A former Taobao employee insisted on holding the original stock of Alibaba group, saying that the real price of Alibaba group's stock is about $110, and its valuation is about 250 billion -260 billion 0 dollars.

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< p > a fund industry pointed out that based on the financial data of Alibaba in the fiscal year of 2014, its net profit was about US $3 billion 700 million, an increase of 171% over the same period last year, while the valuation of Amazon is expected to be more than 50 times in the future, and the valuation of Ali is about 40 times.

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< p > "most US brokerages will estimate their valuation above $150 billion, and Alibaba will not sell shares at the highest price in order to attract long-term investors."

The above said, Alibaba is expected to adopt a more conservative stock price is more likely.

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The listing of Alibaba group triggered the agitation of the financial industry. However, compared with the concern of the outside world on the valuation of Alibaba group, many people in the Alibaba group were very "calm" because of the fact that many people hold small and micro financial stocks. P

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< p > a Alibaba group insider said that compared with the Alibaba group's stock, everyone is more optimistic about small and micro finance, and believes that its future will create greater value than Alibaba group, which makes it easy for Alibaba group to quit after listing.

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< p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > Ali > /a > Market: strengthen integration and do business in ecological circle < /strong > /p >

< p > Alibaba group's total revenue in the fourth quarter of 2013 reached US $3 billion 58 million, an increase of 66% over the same period last year and a net profit of US $1 billion 363 million, representing a 110% increase over the corresponding period of 650 million US dollars in 2012.

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< p > from a single quarter, Alibaba group's revenue and net profit has exceeded Tencent and Baidu. Among them, Tencent's revenue in the fourth quarter of 2013 was US $2 billion 783 million, net profit was $641 million, Baidu was US $1 billion 573 million, net profit was US $459 million 900 thousand.

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< p > from the overall camp in 2013, Alibaba group still lagged behind Tencent, but the overall upward trend is very obvious.

Alibaba's revenue growth is mainly dependent on Taobao and Tmall, especially Tmall is Taobao's cash weapon, Alibaba group cash cow.

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Under the current p mode, Taobao will import a large portion of its free traffic to Tmall. The paction fees charged by Tmall are generally between 3% and 5%, or even higher. As long as Tmall platform GMV (total paction volume) continues to grow, Tmall revenue will rise.

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< p > with the growth of Alibaba in the electricity supplier system, it is no longer satisfied with being an electric business ecosystem, but extending to other fields. It has invested in Sina micro-blog, culture China, China number media, etc., and wholly acquired Gould and UC.

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< p > the most typical is Alibaba group integrating UC. With the entry of UC resources, Alibaba will control the real large traffic entrance at the mobile terminal, and may open up resources such as payment and e-commerce, and the future map resources may also be incorporated into UC business.

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< p > an industry executive pointed out that the current Alibaba group is doing business in the ecosystem business. Relatively speaking, the Alibaba group's 16.5% stake in Youku potatoes is definitely a losing proposition with a price of 1 billion 220 million US dollars. However, looking at it, there is not much Internet access that Alibaba can really buy. This business is worthwhile for Ali, and it can earn money through other channels.

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< p > the executive pointed out that Alibaba group has picked up the most abundant piece of cake in the Internet circle -- the electricity supplier, and then integrated the resources of sina micro-blog, Youku potatoes and UC to become a huge ecological circle to earn profits with relatively low added value.

"Other enterprises can not do such a thing. Only Alibaba and Tencent can have resources and capabilities to do so."

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< p > an investment industry pointed out that Ali and Tencent are recognized as two billion dollar market capitalization companies.

When an industry giant exceeds 100 billion US dollars, the single sector can not meet its further development, and it will inevitably lead to the development of giants in many fields.

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< p > these people pointed out that Alibaba group has obviously been low-key in recent months, and has entered the silent period of listing, and does not want to spend a lot of money to make financial statements again.

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