Alibaba Listing: A Sample Of China'S Economic Rise

At 10 a.m. on November 6th, Alibaba, the largest e-commerce company in China, was listed on the stock exchange of Hongkong successfully. Its opening price was HK $30, up 122% from the issue price of HK $13.5. In the first half of the first half of the market, it was narrowly oscillating. Once it was down to HK $28, after 11:08 o'clock, it began to rise on a unilateral basis, and it closed at HK $35.8 at noon, up 165% from the issue price, and became the Hong Kong stock investor of B2B this year.

Because of investors' fanatical pursuit, Alibaba not only successfully raised $1 billion 700 million (including over subscription), but also set the fastest scale of Global Internet Company financing, refreshing the previous record of Google and setting the highest market value of China Internet Corporation.

At the opening price, Alibaba B2B's market value has exceeded 20 billion US dollars, becoming the largest Internet Co in China.

As the first Chinese Internet company that has attracted wide attention worldwide with the concept of B2B, Alibaba has been regarded as the most wanted Internet Co in the investment market.

John Dvorak, a columnist for the authoritative market observation website, believes that one of the problems of China Internet Corporation is to imitate a large number of similar websites in the US.

For example, Baidu and Google, Taobao and eBay, Dangdang and Amazon, and the only one and half original company in China are Alibaba, which resembles a large number of e-commerce websites in the United States at the end of the 1990s, playing the role of "non resident investment" in the trade.

In fact, the B2B e-commerce model with Alibaba as its initiator has no precedent in the world.

Before the Alibaba, there was hardly a similar concept of Internet Co listing in the world.

With the help of the Internet, Alibaba has done two things for China and even the world's small and medium-sized enterprises. One is to display Chinese enterprises to global buyers, the other is to provide international buyers to Chinese enterprises, promote the long-term business habits of Chinese enterprises to a higher level of behavior, make them move closer to the network business, and enhance their strength and competitiveness, so that they are familiar with overseas enterprises.

Undoubtedly, one of the incentives for Alibaba to enter the explosive growth track is the rapid rise of China's manufacturing and Chinese services.

At present, the development of the global economy is changing from the real economy to the virtual economy, and from the large and strong economic mode to the cluster development mode of the small and medium-sized enterprises. China's small and medium-sized enterprises have been developing at the right time, and the Alibaba has provided an excellent platform for the prosperity and development of the small and medium-sized enterprises.

Jiang Qiping, a well-known new economic observer, believes that the rise of Alibaba represents the trend of world economic development.

The traditional view is that the development mode of Asian economy should be the "TOYOTA scale economy" represented by Japan. However, the listing of Alibaba will become a landmark event of Chinese experience replacing Japanese experience, which is a sample of China's economic rise.

According to the insiders, the economic structure of the European and American countries is quite different from that of China and India. The economic driving force of Europe and the United States mainly comes from IBM, Microsoft, general motors and so on. Large scale pactions are often carried out among large companies, but Chinese SMEs are too large. Although China's economy is also centered on state-owned enterprises, SMEs still account for a large proportion of China's economy, and the pactions between them account for a large proportion of the whole national economy, far exceeding those in Europe and the United States.

In addition, in Europe and America, B2B companies mostly serve as a supply chain structure for large enterprises, which is a software architecture.

This is quite different from the domestic situation.

For this reason, in the classification of Global Internet Company, Forbes magazine classified the Alibaba into a comprehensive category.

Lv Bowang, an Internet analyst, thinks that the first day of Alibaba's listing is to break through the market value of US $20 billion, which shows that China and foreign investment are very optimistic about Alibaba and the B2B mode it represents.

If the coverage rate of China's Internet is only 20%, the market value of Alibaba has exceeded US $10 billion and the US dollar will go up to 20 billion US dollars. When China's Internet penetration rate increases to 40% or even higher, the advantage of Alibaba platform will become more prominent.

At present, even the most optimistic estimate underestimates the Alibaba.

"Fang Xingdong, President of blog network, believes that Alibaba is a business centered company. Its growth in commercial value is much larger than that of Baidu, which is too young and entertaining.

Although Baidu is also trying to enter the field of C2C, Baidu's positioning is first of all a search and entertainment community. Users will not think of Baidu when they buy and sell things. Baidu is good at entering e-commerce, but users' perception of new brands is still a problem.