Alibaba privatization, the market is not good not to play? the

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Following the privatization of Shanda, Ma also Alibaba privatized.Ma said, the B2B, business model is facing enormous challenges, the need to accelerate the transformation and upgrade, before the limited framework of action of the listed companies is not thorough enough, is out of the B2B B2B privatization.Ma said in the mail, the B2B, Business 2007 years in the financial crisis on the eve of successful listing.But over the past few years, the global economic situation has greatly changed, under the enormous pressure of the raw materials, exchange rates, labor costs, the B2B, business model is facing enormous challenges, the need to accelerate the restructuring and upgrading.

privatization has a very good reason."In this regard, we thought, suffering, has been working hard.But the determination is limited by the structure of listed companies, the upgrade is not big enough, the action is not thorough enough."Is not Mr.Chen, Shanda's privatization to further stimulate the nerve of Ma began to take drastic measures to carry out the privatization process in Alibaba? Perhaps after the precipitation of the time, it will eventually get to the bottom of.But be sure that the the Alibaba privatization take place, perhaps in the Ruoshi when there will be more listed companies the road of privatization. The PPP tangle between the listing and delisting" " mode will be further validation?

" PPP strategy" (Public - Private - Public listing - the delisting - listing ) after the delisting to find another market listing is expected to provide enterprises with the opportunity to phoenix, is expected to be higher market valuation of the shareholders and PE institutional investors, there are profit margins, is a win-win choice for enterprises.In fact, for Shanda, Alibaba, and then the possibility of listing the short term will not be very obvious, after all, its business is diversified, as the Investment Corporation, their subsidiaries listed pave the way for perhaps interests greater.Why does the Group to go to non-listed company? If the original listing in order to finance, in order to create a greater influence and platform effects.Then, after the baptism of the capital markets, the intention has been achieved, do not need to prove.The more important point is that the listing, all kinds of information transparency, but restricted the room for maneuver of the Group, and sometimes easy to fall into a passive, not as good as the more flexible after the privatization.Perhaps some groups began to select one of the aims of privatization?

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17 billion dollars, but privatization to spend out 20 multi-billion dollars, appears to be a loss of business, it was suggested that we can use a lower price to buy the stock back.But this is not the style of Ali Baba."In fact, for Ali, the future success is obviously not a trivial 20 more than one billion dollars can be compared, and some companies under the Group will be broader in the future listing on the road, this potential value and growth.How can it be now the pros and cons can be compared?

Ma-mail:" Just as the listing is a the Alibaba development starting point not the end of today's privatization is not the end point but a new starting point."In addition, when the capital market for Chinese stocks is not very" friendly"in this market downturn, select the privatization, can also control the cost, which is itself a strategy.The U.S.economy into recession and debt crisis in Europe outlook remains unclear background, strong capital markets risk aversion.It can be said that the privatization is to make strategic adjustments to achieve a means of transformation, the delisting is in fact another kind of financing.When the question of the foreign investment agency for the Chinese company's profit model and its market leading position, privatization not a kind of retreat?

a long time, the Chinese Internet companies investors in foreign countries, business and users in the country, the enterprise value can not be fully reflected in the situation there has been.Customers of the Chinese Internet companies in China, the Chinese users is to understand the patterns and the development of these Internet companies.It can be said that the U.S.listing is always VC smooth exit channels.Privatization may continue to appear, and the company to make strategic adjustments to achieve a means of transformation.Privatization to withdraw from the market, leaving the unfavorable capital market.Get rid of the plight of stock prices are low, and eliminate the negative impact of the secondary market for corporate image.After the privatization of the company the right to concentrated conducive to reform and governance, re-layout.