[Alibaba now intends to accept investment, Temasek and other sovereign wealth funds to invest in order to complete the repurchase. Ma stressed the need to ensure that the group’s management, in order to control the company’s future management]
signed a repurchase agreement with YAHOO, Alibaba group (hereinafter referred to as Alibaba) after the long march program announced the success of the stage, the Group Chairman and chief executive officer Ma still has a new journey. Alibaba now intends to accept investment, Temasek and other sovereign wealth funds to invest in order to complete the repurchase. Ma stressed the need to ensure that the group’s management in order to control the future of the company’s management.
on Thursday, Ma appeared in Beijing Hyatt Regency. Witnesses said he was silent in the elevator. There is a room for a number of ten well-known entrepreneurs Club standing office at the hotel.
informed sources said Ma recently in Beijing. This time, the Alibaba CFO Cai Chongxin together with him, there is speculation that Beijing may be overwhelmed by CAI and potential investors to discuss the shares of the Alibaba.
Ma Yun has just experienced a major victory: with YAHOO signed a share repurchase agreement, Alibaba management to recover the largest shareholder status and ensure that the nominal and actual control.
since then, Alibaba will embark on another journey – the group’s overall listing.
last year, Taobao split, its B2C business is more clear and reasonable. On Friday, Alibaba B2B officially stopped trading, privatization is completed, it will return to the group, Alibaba’s ONE COMPANY strategy has made significant substantive progress. Earlier this year, Alibaba proposed on the internal plan, Ma said, Alibaba will integrate the internal and external business ecosystem and management system.
but he and his colleagues also need to lay the foundation for the introduction of new investors to provide financial support for the repurchase of shares. In accordance with the initial purchase of 10%~20%, it will prepare about $7 billion 100 million of funds.
according to YAHOO’s annual report released in February 2012, as of September 30, 2011, Alibaba current assets of $3 billion 400 million, the fiscal year total revenue of $2 billion 340 million, net profit of $270 million. Moreover, the privatization of Alibaba B2B to spend $3 billion.
the same day, Ma accidentally accepted Bloomberg and the Wall Street Journal interview, he made it clear for the first time, Alibaba is willing to accept the investment of China investment group and Temasek Holdings and other sovereign wealth funds.
Temasek is currently a shareholder of Alibaba. In September last year, the Alibaba’s internal code named "dawn plan" financing case, with its DST, Silver Lake capital together with $1 billion 600 million to get a total of 5% stake.
previously, informed sources told the first financial daily, Alibaba has indeed been with the