首页 News 正文

Alibaba has successively reduced its holdings in Bilibili and Xiaopeng Motors, responding that it is based on its own capital management goals and does not affect business cooperation

海角七号
242 0 0

On March 22nd, market news announced that Alibaba will sell the Bilibili ADR (up and down ratio indicator), with an expected price of $11.60 per ADR and a potential realization of $357.8 million. Regarding this, an Alibaba insider stated, "The sale is mainly based on Alibaba's own capital management goals and will not affect the cooperation between the two parties in business. Alibaba's related businesses will continue to strengthen cooperation with Bilibili in various fields."
This is an action taken by Alibaba to optimize its asset allocation and return rate, and continuously focus on its core business. Since Alibaba Chairman Cai Chongxin and CEO Wu Yongming took office in September last year, they have stated on multiple occasions that they will maintain long-term focus and high-intensity investment in core businesses. For non core businesses, they will realize the value of these assets through quick profitability or various other capitalization methods.
Previously, when Dai Shan stepped down as CEO of Taotian Group, her next action was to assist the group in establishing an Alibaba Group asset management company and forming a professional management team. At that time, Cai Chongxin stated in an employee letter that "in order to optimize the return on capital and enhance shareholder value, the Group's Capital Management Committee authorized the establishment of an asset management company.".
In the past period of time, Alibaba has frequently taken actions in asset sales. Just one day before the sale of Bilibili ADR, market news showed that Alibaba subsidiary Taobao China Holdings Limited planned to sell 33 million units of Xiaopeng Motors ADS (American Depositary Shares) for a total value of approximately $314 million, with a sale date of March 20th. Earlier, Alibaba also reduced its holdings in Hong Kong stock company Kuai Gou Taxi through its subsidiaries.
During Alibaba's Q3 fiscal year 2024 conference call, Chairman Cai Chongxin also mentioned that Alibaba's sale of non core assets is progressing smoothly. As of the first nine months of the fiscal year ending in December last year, the group has completed the withdrawal of $1.7 billion in non core assets and is actively studying how to withdraw some listed companies.
In the process of establishing the new order of Alibaba, Alibaba is firmly practicing the path of focusing on its core business, which refers to e-commerce and cloud computing businesses. Reducing holdings in investment companies has become an option, while exiting non core businesses is also an option. Previously, Cai Chongxin stated that "there are still some traditional physical retail businesses on Alibaba's balance sheet, which are not core focused businesses. Alibaba's exit is also a reasonable approach, but it may take time.".
Alibaba will continue to pursue a path of slimming down, but now, Alibaba's move to reduce its holdings in investment companies is far ahead of exiting non core businesses.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。   郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
    uturn
    昨天 14:42
    支持
    反对
    回复
    收藏
  •   10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
    yxtianyouyou
    前天 11:43
    支持
    反对
    回复
    收藏
  •   交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
    blueskybb
    13 小时前
    支持
    反对
    回复
    收藏
  •   近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
    llyyy2008
    11 小时前
    支持
    反对
    回复
    收藏
海角七号 注册会员
  • 粉丝

    0

  • 关注

    1

  • 主题

    29