Ali Empire Re-Opens: $28 Billion Merger Creates Double Oligarch

28 billion yuan of mergers and acquisitions will once again expand the territory of the Ali Empire, China's top five companies restructuring, the future seems to be a good, but the difference in stock price movements reflects the capital market's different interpretationrxE
After Liu Qiangdong of JD.com announced his marriage, Ali's Ma Yun also announced his marriageLiu Qiangdong married his milk tea sister, and Ma Yun married SuningThe same high-profile, different state of mindrxE
Mr Ma's marriage to Suning is reminiscent of Tencent's tie-up with JD.com a year agoTencent took advantage of JD.com's listing to merge its online shopping business into JD.com, and won a 15% stake in JD.com to become the second largest shareholder, changing the pattern of China's e-commerce industry and forming a three-legged situation in Ali, JD.com and Tencent and SuningThe cooperation between Ma Yun and Suning has once again evolved the industry pattern into a double oligarchy pattern of "Ali-Suning" and "King-Dong-Tencent"rxE
But in early 2015, Ma Yun also asserted that "JD.com will become a tragedy in the future, this tragedy is my first day to remind everyone, not better than him, but a matter of direction, this is no way ..Therefore, I have repeatedly told everyone in the company, do not touch JD.comDon't die when you die and we're going to die." JD.com's heavy asset model, management range and width, especially the development direction, are the key points of Ma Yun's difficultiesrxE
　　Although Mr Ma later apologized for the remarks But only after about half a year, Ma Yun and jd.com model Suning cooperation, what does it mean? rxE
　　Strong's annoyance rxE in September 2014, Ali's rapid listing in the United States, after a frenzied subscription of the short glory, the stock price all the way down So far, Ali's share price has fallen from a peak of $118 to less than $70, a near 40 per cent plunge in less than a year, and a similar wave to the Hong Kong listing that year Behind the share price plunge, it actually reflects the market's concerns about the e-commerce king rxE
　　At this stage, Ali is undoubtedly the king of China's e-commerce industry, Ali's C2C empire (Taobao Bazaar), B2C Empire (Tmall) look at the domestic no one can When it went public in 2013, Ali's retail platform merchandise turnover (GMV) reached 1.68 trillion yuan, accounting for most of the national e-commerce market Ali has contributed three of China's top 10 e-commerce companies Ali achieved 2.3 trillion yuan in 2014, an increase of nearly 40% over 2013 This size is more than eight times the number of GMVs of 260 billion yuan in the third-ranked JD.com and nearly 100 times that of the 25.8 billion yuan in The Fifth Suning Not only that, Ali in 2014 to achieve a profit of 23.4 billion yuan, up 170.6% year-on-year, is one of the few to achieve profits of e-commerce, Ali in China's e-commerce industry leader position is difficult to shake rxE
　　On the one hand, companies are growing in size and profitability is growing, while on the other, share prices have been falling, GMV is up 40 per cent and the share price is down 40 per cent rxE
　　In the United States, investors' assessment of a company, in addition to fundamentals, is more important to look at the company's prospects, there is no room to imagine For Mr Ali, while growing in size, there is not enough room for investors to imagine compared to their competitors From the market share point of view, the early Tmall plus Taobao estimated to occupy about 90% of the market share, but with the rise of JD.com, Suning, Gome, No 1 stores and other e-commerce development, diverting some of Ali's customers Although the total business volume is growing, but Tmall plus Taobao's market share has dropped to about 5-6 percent What's even more frightening is that competitors are eating away and growing faster and faster, and Ali is experiencing development bottlenecks rxE
　　In JD.com, for example, in 2014, JD.com's GMV was only one-ninth of Ali's, but at the rate of growth, Ali's growth rate was 40 percent, while JD.com's grew by 107 percent, double the 2013 growth rate In the second quarter of 2015, Ali GMV was RMB673 billion, an increase of 34% in the same period, while JD.com GMV was RMB114.5 billion, an increase of 82% in the same period, about one-sixth of Ali's, and the gap narrowed significantly rxE
　　The gap between Ali and JD.com is narrowing, Ali is starting to grow at a slower pace than its competitors, and sentiment is beginning to reflect the market capitalisation of the two companies Ali was listed with a market capitalisation of about $230bn, and JD.com was worth only about 13% of Ali's But JD.com's market capitalisation fluctuates around $40bn, Ali's is around $180bn, JD.com's is about a quarter of Ali's, and the market value gap between the two has narrowed further rxE
　　Overall, jd.com is far behind Ali, but it is far ahead in the home appliance segment According to the 2014 analysis of home grid purchase analysis, in the field of home grid purchase, JD.com and Tmall composed of the "double super" pattern is difficult to shake JD.com continues to widen the gap with its competitors while further consolidating its position as a leader In 2014, JD.com accounted for 59.8% of the overall home grid purchase market, up 4.2 percentage points from 2013, and sales of home appliances accounted for 65% of the online market In contrast, Tmall, which accounts for only 30% of the online shopping market for home appliances, and 22% in the home appliance sector This is obviously difficult for Ali, who is a regular boss Ali Empire Re-opening: $28 Billion Mergers create Dupts Ali Empire Re-Open: $28 Billion Acquisitions Create Dupoligarchs (2) Ali Empire Re-Open: $28 Billion Acquisitions Create Dupoligarchs (3) Ali Empire Re-opening: $28 Billion Mergers Create Diolis (4) 1 / 4 1 2 3 4 The next the end of the the 28 billion yuan acquisition will be the Ali Empire once again expanded, China's top five companies to restructure, the future seems to be a good future, but the difference in stock price trends reflects the different interpretations of the capital market rxE
　　After Liu Qiangdong of JD.com announced his marriage, Ali's Ma Yun also announced his marriage Liu Qiangdong married his milk tea sister, and Ma Yun married Suning The same high-profile, different state of mind rxE
　　Mr Ma's marriage to Suning is reminiscent of Tencent's tie-up with JD.com a year ago Tencent took advantage of JD.com's listing to merge its online shopping business into JD.com, and won a 15% stake in JD.com to become the second largest shareholder, changing the pattern of China's e-commerce industry and forming a three-legged situation in Ali, JD.com and Tencent and Suning The cooperation between Ma Yun and Suning has once again evolved the industry pattern into a double oligarchy pattern of "Ali-Suning" and "King-Dong-Tencent" rxE
　　But in early 2015, Ma Yun also asserted that "JD.com will become a tragedy in the future, this tragedy is my first day to remind everyone, not better than him, but a matter of direction, this is no way .. Therefore, I have repeatedly told everyone in the company, do not touch JD.com Don't die when you die and we're going to die." JD.com's heavy asset model, management range and width, especially the development direction, are the key points of Ma Yun's difficulties rxE
　　Although Mr Ma later apologized for the remarks But only after about half a year, Ma Yun and jd.com model Suning cooperation, what does it mean? rxE
　　Strong's annoyance rxE in September 2014, Ali's rapid listing in the United States, after a frenzied subscription of the short glory, the stock price all the way down So far, Ali's share price has fallen from a peak of $118 to less than $70, a near 40 per cent plunge in less than a year, and a similar wave to the Hong Kong listing that year Behind the share price plunge, it actually reflects the market's concerns about the e-commerce king rxE
　　At this stage, Ali is undoubtedly the king of China's e-commerce industry, Ali's C2C empire (Taobao Bazaar), B2C Empire (Tmall) look at the domestic no one can When it went public in 2013, Ali's retail platform merchandise turnover (GMV) reached 1.68 trillion yuan, accounting for most of the national e-commerce market Ali has contributed three of China's top 10 e-commerce companies Ali achieved 2.3 trillion yuan in 2014, an increase of nearly 40% over 2013 This size is more than eight times the number of GMVs of 260 billion yuan in the third-ranked JD.com and nearly 100 times that of the 25.8 billion yuan in The Fifth Suning Not only that, Ali in 2014 to achieve a profit of 23.4 billion yuan, up 170.6% year-on-year, is one of the few to achieve profits of e-commerce, Ali in China's e-commerce industry leader position is difficult to shake rxE
　　On the one hand, companies are growing in size and profitability is growing, while on the other, share prices have been falling, GMV is up 40 per cent and the share price is down 40 per cent rxE
　　In the United States, investors' assessment of a company, in addition to fundamentals, is more important to look at the company's prospects, there is no room to imagine For Mr Ali, while growing in size, there is not enough room for investors to imagine compared to their competitors From the market share point of view, the early Tmall plus Taobao estimated to occupy about 90% of the market share, but with the rise of JD.com, Suning, Gome, No 1 stores and other e-commerce development, diverting some of Ali's customers Although the total business volume is growing, but Tmall plus Taobao's market share has dropped to about 5-6 percent What's even more frightening is that competitors are eating away and growing faster and faster, and Ali is experiencing development bottlenecks rxE
　　In JD.com, for example, in 2014, JD.com's GMV was only one-ninth of Ali's, but at the rate of growth, Ali's growth rate was 40 percent, while JD.com's grew by 107 percent, double the 2013 growth rate In the second quarter of 2015, Ali GMV was RMB673 billion, an increase of 34% in the same period, while JD.com GMV was RMB114.5 billion, an increase of 82% in the same period, about one-sixth of Ali's, and the gap narrowed significantly rxE
　　The gap between Ali and JD.com is narrowing, Ali is starting to grow at a slower pace than its competitors, and sentiment is beginning to reflect the market capitalisation of the two companies Ali was listed with a market capitalisation of about $230bn, and JD.com was worth only about 13% of Ali's But JD.com's market capitalisation fluctuates around $40bn, Ali's is around $180bn, JD.com's is about a quarter of Ali's, and the market value gap between the two has narrowed further rxE
　　Overall, jd.com is far behind Ali, but it is far ahead in the home appliance segment According to the 2014 analysis of home grid purchase analysis, in the field of home grid purchase, JD.com and Tmall composed of the "double super" pattern is difficult to shake JD.com continues to widen the gap with its competitors while further consolidating its position as a leader In 2014, JD.com accounted for 59.8% of the overall home grid purchase market, up 4.2 percentage points from 2013, and sales of home appliances accounted for 65% of the online market In contrast, Tmall, which accounts for only 30% of the online shopping market for home appliances, and 22% in the home appliance sector This is obviously difficult for Ali, who is a regular boss