Alibaba Enlargement Inviting Cash To Gain A Fatal Blow To Its Opponent

Last year, many private equity products were sought after by qualified investors and financial planners, such as trickle down, Qihoo 360, Jingdong finance and so on. Billion boat assets related stakeholders believe that the era of equity investment has opened, qualified investors for high-quality equity products research and chase will be a hot topic in recent years. In addition to billion boat assets, Heng Tian Rong Ze and Youdao capital also have similar products for sale.

Starting in December last year, the Internet financial platform has gradually launched the "new big US" stock raising project. Among them, the investor of the Internet loan has raised the investment threshold of 50 thousand yuan and the total fund-raising of 60 million yuan. But tens of millions of yuan level equity shareholding compared to the large-scale packaging and sale is a bit small.

In September 5th, the news of Alibaba's discounted sale of new big US shares was mentioned again. Reporters asked traders concerned, the other side said, "Alibaba has been selling the US group old stock, has been handed over to the investment bank to sell, and now the outflow of documents is part of the project packaged to retail investors. The progress has reached 30%.

This is not to say that Ali has sold 30% of its new large US shares, but in the long game between Ali and the new US, the whole process of Ali's shares entering the entrusted investment bank has gone to 1/3. The above sources also confirmed that there was no rumor in the market regarding the packaging of new big US shares. In September 5th, the reporter landed on the "unicorn stock investment fund 3 - New American big" investment products.

In the highlight of the project, it is especially pointed out that "the new US big round financing is valued at the top 15 billion US dollars, and the investment is 18 billion US dollars. The estimated value of the fund's spanferable Alibaba's old shares is US $12 billion 450 million, which is 17% off of the estimated value of US $15 billion for the current round of financing, and the margin of safety is higher than that of the same type of products in the market. "

In January 19, 2016, when the new US general announced a new round of $3 billion 300 million financing, its valuation was $18 billion. According to the 15 billion yuan calculation given by billion boat assets, 17% off has been given, and if the price is 124.5, the discount has reached 31% off.

In August 22nd, billion boat assets announced that our company launched the "billion boat assets" unicorn equity investment fund No. 3 - "new big America" private fund fourth open period, which was concluded on 2016 19, 2016, and was established on 2016 22, 2016.

Another important chip is that the market expects the new US general to complete the listing in 2-3 years, and investors can exit through the listing of the company. Plus, before the new big US. financing At that time, a number of agencies were involved, with Tencent, DST, Zhi Xin capital, Kaiyuan capital, Temasek and other institutions endorsement, so that investment targets become particularly credible.

The "Liang Zi" of the new US and Alibaba began to merge from the merger of the US group and the public in October 2015.

In 2011, Alibaba invested 25 million yuan to become the B round investor of the US group. After that, it invested in C and D rounds. After the merger, it was reported that Ali shares about 10% of the new US stock. But in the D round, Tencent began to intervene in the US group and led the merger of the US group and the public. Ali shares were diluted, the merger caused great dissatisfaction with Alibaba.

The scene, which was quoted by many sources to describe the merger, said: "the United States first reorganized the board of directors on the last night, then amended the shareholders' articles of association, and then held the board again. Under such extreme speed closed door, leave Ali Very little time. " When the merger ended, Alibaba changed from an early strategic investor to a purely financial investor.

At this point, the relationship between Ali and US regiment was completely broken. Ali started the process of selling the new US stock.

The source confirmed to reporters that as early as Alibaba entered the US group, Ali's early investment valuation at least more than 1 billion U.S. dollars, has achieved dozens of times of return, as a financial investor, it is obviously the best time to cash in, even if the discount sale, floating surplus is enough.

According to this inference, Ali now does not need to consider the return on investment, it can be sold to express its dissatisfaction with the US group.

In January 28, 2016, Alibaba reported that it had already reached a spanaction of about $900 million, and would sell its shares in the US group's comments. In response, Cai Chongxin, executive vice chairman of Ali group's board of directors, also said at the third quarter conference call in early February that Ali's withdrawal was only a matter of time.

In addition, Alibaba is currently hungry and word of mouth as its O2O local. Life service The chips, even if they lose the new big US, still have little impact.

And the new US financing continues. In July 18, 2016, the new US announced that, after obtaining $3 billion 300 million in January, a new round of financing was renewed after 6 months. The investor was Huarun's Huarun venture capital fund. The exact amount has not yet been announced. Investors also told reporters, "because the new US capital has been financing to the G round, it is more difficult to find a bigger investment institution. Listing pressure will only grow bigger. "