Global Textile And Shoe Technology Gathered In Dongguan

The sixteenth largest China (Southern China) International Textile and garment industry technology exhibition and the sixteenth China (Dongguan) international shoe machine shoe material industrial technology exhibition will be held in -29 March 26th.

The Guangdong Modern International Exhibition Center, held in Houjie, displays technology and advanced production equipment from all over the world to open up business opportunities for exhibitors and buyers.

The two major exhibitions, which have attracted the attention of the industry, will attract more than 350 enterprises to participate in the exhibition.

Exhibitors from mainland China and Hongkong, Taiwan, Japan,

Germany, South Korea, Italy, the United States, Switzerland and other countries and regions.

Exhibitors

The equipment includes sewing, weaving, embroidery, laser and ironing.

The shoe machine shoe material exhibition includes shoe sole machine, whole production line, vamp making, bag machinery, luggage machinery, leather processing machinery, leather and artificial leather and other exhibits.

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Reporters told Alibaba officials that Alibaba's IPO underwriters had fully exercised over 15% of their allotment rights, and bought an additional 48015900 shares (about 48 million shares) of American Depositary Shares (ADS), representing ADS of a common stock of the Alibaba group, which will be sold at the issuing price of $68 per share.

In these 48 million stocks, Alibaba group has issued 26 million 140 thousand shares, while the rest of the shares come from YAHOO (44.98, 0.31, 0.69%), Ma Yun, Cai Chongxin and other offering shareholders.

From the perspective of market enthusiasm for Alibaba stock, underwriters start to anticipate the green shoe mechanism.

In the case of large shareholders generally reluctant to sell, Alibaba needs to issue new shares to meet the requirements of public shareholding, while the sale of Ma Yun and Cai Chongxin can reduce the number of new shares issued, so as to ensure that the interests of the old shareholders are not too much diluted.

On the first day of its listing, Alibaba began trading its shares at an opening price of $92.7. The final closing price was $93.89, up 38% from the issue price.

For Alibaba listed underwriters, the implementation of the "green shoe mechanism" can help them gain extra profits by obtaining additional shares at the issuing price of $68.

AndrewFrank, an analyst at Gartner, thinks that from the success of Alibaba, Chinese companies have begun to challenge Silicon Valley. This indicates that the dream of Internet wealth and power is no longer confined to only a few small cities on the west coast of the United States. Alibaba may have a great impact on other assets in the United States.

During his IPO interview in New York, Ma Yun said that the main purpose of the financing will continue to be used by small businesses and consumers. On the one hand, it will help the development of e-commerce in rural areas. On the other hand, it will continue to work hard to internationalize the strategy and extend the ecosystem of Ali to overseas markets.