Alibaba'S Push Option Incentive Scheme Will Earn 4 Billion 160 Million Yuan.

Alibaba (Alibaba) Zhou Wugang submitted a document to the SEC. According to a number of staff incentive plans, there will be more than 6592 shares of the outstanding tradable shares registered by the company. According to Ali stock Thursday closing price and the exercise price calculation listed in the document, if the sale of Alibaba employees will benefit 4 billion 160 million yuan before tax.

　　 Ali The S-8 certificate document shows that there are three main sources of more than 65 million 923 thousand and 230 stocks: the 2011 option plan, the part of the incentive plan (excluding part I) transformed into the 2014 plan since 1999, and the incentive plan after 2014 IPO, of which third share the largest proportion, reaching 48 million 944 thousand and 243 shares.

from Weighting On average, the exercise price of the first part is the lowest, which is only 31.70 USD / share, the second part reaches 48.89 USD / share, and the third part is as high as 86.91 USD / share, which is almost the same as Ali's current stock price.

These ones here Shares The cumulative value of the cumulative exercise is more than 50.6 billion US dollars, while the 65 million 923 thousand and 230 shares of Ali stock are valued at about 5 billion 740 million dollars based on the closing price on Thursday, and the difference is about 677 million dollars, that is, Ali employees will receive about 4 billion 160 million yuan pre tax income for their exercise rights.

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Foreign media analysis reported that after Alibaba entered the United States, they hoped to beat the largest US retailer, Wal-Mart Stores, and before that, it must defeat Amason, the closest US competitor. To accomplish this great task, Alibaba must increase its revenue by 10 times and surpass Amazon's revenue of $81 billion 760 million. It is much easier to achieve this than to increase Alibaba revenue by ten times than WAL-MART.

For Alibaba, even though these two goals seem to be inadequate, in view of the significant revenue growth of the company in recent years, it will take more efforts to beat Amazon and attract new distributors and new consumers. This requires building warehousing and distribution networks, maintaining the same competitiveness as Alibaba and maintaining high profits.

China's Internet economy is fiercely competitive, and new competitors are constantly entering and eroding operating profits. For example, Baidu's operating profit in 2011 was as high as 39.30%, but by this year it dropped to 30.10%. Similarly, Sohu's operating profit dropped from 19.59% to 13.10%, while Youku and everyone's operating profit margin remained negative during the same period.

At the same time, WAL-MART is not waiting for Amazon and Alibaba to attract customers from its customers. Instead, it is trying to identify network sales as its priority.

Wall Street analyst Shelley Banjai (Shelly Banjo) wrote in the research report, "unlike its predecessors, WAL-MART CEO Doug McMillon has embraced e-commerce in advance. Thanks to the acceptance of e-commerce, WAL-MART has undergone radical changes. In the field of e-commerce, WAL-MART has been harmed by Amazon's extensive product lineup and pricing model.

In order to expand its e-commerce market, WAL-MART has been buying online search technology and building storage base. In 2013, WAL-MART acquired e-Commerce Technology Inc @WalmartLabs.

In addition, it has acquired some start-up companies, including cloud computing website Accelerated Service Torbit, forecasting intelligent platform Inkiru, cloud computing automation technology OneOps, Tasty Labs, and recently acquired search engine retailer Adchemy. However, to catch up with Amazon, WAL-MART still has a long way to go. Amazon will remain an online sales leader.