The Alibaba Group announced on Thursday (May 18) that if it progresses smoothly, its Alibaba Cloud will be completely split from Ali Group to go public in the next 12 months.Its rookie and Hema will launch a listing plan. The former is expected to be completed in the next 12 to 18 months, and the latter is expected to be completed in the next six to 12 months.Ali International Digital Commercial Group has also launched external financing to support its rapid expansion in the global market.
Comprehensive surging news and China Blue News client news, for Alibaba Cloud's plan to be listed independently within one year, Alibaba pointed out in the financial report that the board of directors approved the full spin -off of the Cloud Intelligent Group through the method of allocating dividends to shareholders.Before spin -off, Ali plans to introduce external strategic investors to Yunsian Smart Group through private equity financing.As part of the spin -off plan, Yunshui Smart Group will seek to become an independent listed company.This split plan requires reorganization of related assets, liabilities and contracts, implementing employee equity incentive plans, appropriate market conditions, and obtaining supervision approval from relevant jurisdictions.According to the plan, spin -off will be carried out in the way that shareholders are the most tax -saving.
Zhang Yong, chairman and chief executive officer of Alibaba Group, sent a full letter to Alibaba's employees that night that spin -off is to better develop, and it is a new start of Alibaba Cloud facing the second entrepreneurship in the future.In the future, Alibaba Cloud Intelligent Group can completely face the market independently, further strengthen business strategies, and optimize organizations and operations. We have the opportunity to jointly build a world -class technology company.
In the letter, Zhang Yong put forward three expectations for all Alibaba Cloud's employees: cherish customer trust, adhere to technical ideals, and maintain entrepreneurial mentality.He emphasized that the endless pursuit of technical advancedness is the gene flowing in the blood in Alibaba Cloud.In the past, Alibaba Cloud has created China's only self -developed flying sky cloud operating system from scratch. In the future, it hopes to continue to innovate in cloud computing and large AI models, and compete with world -class players.
The financial report also pointed out that the six major business groups formally established the board of directors.In addition, Ali's board of directors approved the new capital management committee to plan to implement comprehensive capital management and enhance the value of shareholders.The committee will review and decide and decide important matters related to Alibaba Group as a holding company, including various types of capital market transactions, shareholders' return plans, subsidiary equity incentive plans, financing, listing and spin -off.
Xu Hong, the chief financial officer of Alibaba Group, said at the telephone meeting that during the reorganization process, Ali Group was committed to implementing a stable capital allocation framework, mainly focusing on three aspects.First of all, while Alibaba Group has further maintained the capital structure, it will focus on increasing the return on investment capital of management companies assets.Secondly, we will be designed, reviewed, and implemented to appreciate the income of each share; third, various plans will be explored in various ways to provide a variety of plans to improve shareholders' return.More transparency should be achieved in asset value and return capital to shareholders.
Xu Hong also pointed out that after the reorganization, each business group will have their own employee shareholding plans. Therefore, at the level of the holding group, the number of employee shareholding plans will decrease in the future.
Under the new structure, Alibaba's board of directors also approved the candidates for the board of directors of the six major business groups.According to the list of the six major business groups approved by Alibaba Group's board of directors, the senior management configuration of major businesses is consistent with the previously released news, and the number of members of the board of directors is five.While Zhang Yong served as the chairman and CEO of Alibaba Group, he concurrently served as the CEO of Alibaba Cloud Smart Group; Dai Shan was the CEO of Taobao Tmall Commercial Group; Yu Yongfu served as the CEO of the local life group;Commercial Group CEO; Fan Luyuan is CEO.
Ali also announced that night the fourth quarter of fiscal year as of March 31 (the first quarter of 2023) and annual results.In the fourth quarter, the revenue achieved revenue of 208.2 billion yuan (RMB, the same below, about S $ 39.7 billion), an increase of 2%year -on -year; net profit of home mother was 23.516 billion yuan, and the loss was 16.241 billion yuan in the same period last year;25.28 billion yuan, an increase of 60%year -on -year.In fiscal 2023, Ali realized revenue of 868.687 billion yuan, an increase of 2%year -on -year; net profit of returning home was 72.509 billion yuan, an increase of 17%year -on -year; EBITA was adjusted to 147.911 billion yuan, an increase of 13%year -on -year.
Zhang Yong announced the start of the 1+6+N organization change in March this year.Under the Alibaba Group, six major business groups and many business companies such as Alibaba Cloud Smart, Taobao Tmall Commercial, Local Life, Cainiao, International Digital Commercial, Great Entertainment, and Conditions Group and Companies will all.There is the possibility of independent financing and listing.After the organization changes, Alibaba Group will fully implement the management of holding companies.This is also the largest reorganization of Alibaba Group since its establishment 24 years since its establishment.
