(Shanghai Comprehensive News) After completing a plan to divide business into six major business groups, Chinese technology giant Alibaba will consider giving up the control of some main business.
Comprehensive Bloomberg and 21st Century Business Herald reported that Zhang Yong, chairman and CEO of Alibaba Group, said at the conference conference conference on Thursday (30th) that after the establishment of six major business groups and multiple business companies, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, Ali, AliBaba will better play the role of controlling shareholders, including controlling the board of directors of each company in the early stage, but the operating relationship will move from business operations to asset operations and capital operations. Each sector forms its own business entities.
Zhang Yong said: "The biggest change is that each company has its own board and governance structure. Conditional companies will form their own employee shareholding plans, including independent third -party financing, and can also seek the possibility of listing on the market."
Xu Hong, the chief financial officer of Alibaba, will not have a positive response to which business is paying attention to the listing of the industry.However, on the 30th, Bloomberg quoted people familiar with the matter that Alibaba's logistics subsidiary Cainiao Network Technology had cooperated with banks to prepare to be listed in Hong Kong as soon as the end of this year, and said that Cainiao's current valuation of more than 20 billion US dollars.
Xu Hong reiterated that in all business segments and business companies in Alibaba, except for Taobao Tmall Commercial Group, all other business groups and business companies will eventually form independent financing and spin -off, including finding independent listing entities, "the marketIt is the best goldstone. "
Xu Hong said that after the independent business sector and the company are listed, they will further evaluate their strategic importance to Alibaba Group, and then decide to maintain or abandon control.
The Wall Street Journal wrote an analysis that the logic behind Alibaba's business reorganization is that by splitting into different business units, in the future, if some business units seek listing, the market will be easier to give corresponding valuations to independent business units.
However, the article believes that the key question is whether the spin -off business can inspire Alibaba's actual operation.Alibaba's core Chinese e -commerce business accounted for about two -thirds of Alibaba's income. In the performance report last year, it was the only business profit in the six major business segments.
Alibaba announced on Tuesday (March 28) that the group's business was split into six subsidiaries, and each subsidiary could seek independent financing and listing.
