Zhang Yong, chairman and chief executive officer of Alibaba Group, said that after completing a plan to divide the business into six major business groups, Alibaba will consider giving up the control of some main business.
According to the Shanghai Securities Journal, Zhang Yong said at an analyst on Thursday (March 30) that after the establishment of the six major business groups, Alibaba will better play the role of the controlling shareholder and operate from business operations to operate business operations and operate from business operations.Towards the operation of assets, each business group has formed a business entity. With its own board of directors and governance structures, conditions with conditions will form their own employee shareholding plans, including independent third -party financing, and listing independently when listing conditions are mature.
Zhang Yong emphasized that this move is to further release various business and employee vitality.
Zhang Yong pointed out that the change in the change of organizational structure and the biggest difference between the previous business is that the complexity of the business is better than in the past. During the development stage of various businesses, the necessity of changes in production relations is even greater.After this reform, the Alibaba management team will pay attention to the long -term development of the group, and pay more attention to the efficiency of capital operation and the relationship between capital distribution.After completing the plan to divide the business into six major business groups, Alibaba will consider gradually abandoning control over some main business, but it does not disclose the specific timetable and only indicates that the market conditions will be evaluated.
Xu Hong, chief financial officer of Alibaba Group, said at the same analyst at the same analyst that the market is a goldstone, and each business company may be listed independently. After listingThe importance of strategy to determine whether to maintain control or abandon control.
Xu Hong said that Ali's existing stock repurchase plan will not change. In the future, it will also determine whether to continue the repurchase through the assessment of cash flow.Investment companies' first and secondary market monetization models to continuously improve the capital structure.
He emphasized that after the group's reorganization and the independent listing of various business companies, Alibaba will have more ways and means to increase the value of shareholders.
