Cai Chongxin: Alibaba will increase investment in Cainiao's strategy to support the construction of a global logistics network
芊芊551
发表于 2024-3-27 09:47:39
222
0
0
On the evening of March 26th, Alibaba Group announced its plan to acquire minority shareholders and employee equity of Cainiao for $3.75 billion and withdraw Cainiao's listing application. In the future, Cainiao will become an integral part of Alibaba's core business and an important infrastructure for e-commerce, strengthening the coordinated development with Alibaba's e-commerce business; Alibaba will continue to increase its strategic investment in the logistics field and support Cainiao's global expansion.
At the analyst conference that evening, Alibaba Group Chairman Cai Chongxin stated that withdrawing the listing application and acquiring equity were based on two considerations: the group's strategy and the stage of Cainiao's IPO progress.
E-commerce is one of Alibaba's two core businesses, and to provide the most competitive consumer experience, the deep integration of Cainiao and e-commerce business is crucial. "Considering the strategic importance of Cainiao to Alibaba and the significant long-term opportunity of building a global logistics network, we believe that now is the appropriate time for Alibaba to increase investment in Cainiao," said Cai Chongxin.
"For rookies, there will be opportunities in the future to expand their global logistics network and become a leading network in serving global customers through more sustained infrastructure investment," he said, which requires maintaining long-term investment patience and vision.
Cai Chongxin stated that considering Cainiao's strategic role and future plans at Alibaba, as well as the difficulty in reflecting Cainiao's strategic value through IPO under current market conditions, Alibaba has decided to withdraw its application and propose to acquire Cainiao's minority shareholder and employee equity.
On the occasion of the first anniversary of Alibaba Group's organizational transformation, the new management of the group has officially taken over for six months. Cai Chongxin emphasized, "Organizational change has made decision-making more flexible and effective, and has had a significant positive impact on our business. We believe that the effectiveness of organizational change will be reflected in Alibaba's future operations and financial indicators. We have made significant progress in capital management, including exiting non core asset investments, increasing shareholder value through dividend payouts and stock repurchases, etc. In the future, we will continue to improve capital efficiency and enhance shareholder returns."
In the first nine months of fiscal year 2024, Alibaba completed a total of $1.7 billion in non core asset exits. In the natural year of 2023, Alibaba spent $9.5 billion on stock repurchases. Alibaba also distributed its first annual dividend for the fiscal year 2023, with a total dividend amount of approximately $2.5 billion.
In September 2023, Cai Chongxin and Wu Yongming respectively assumed the positions of Chairman and CEO of Alibaba Group. In the past six months, a series of adjustments and positive results have been evident - the strategy has become more focused and clear, the core business team has higher morale, and the younger management team has taken important positions. For strategic core businesses, Alibaba has clearly stated that it will concentrate resources and release growth signals and determination for the future to both internal and external parties.
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。
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。
猜你喜欢
- Alibaba, which is struggling with low prices and live streaming, has gradually regained its positioning
- Alibaba: Taobao and Tmall's service fee model adjustment shows initial results, subsidy expenses drag down Taobao's performance
- Alibaba's Tsai Chung hsin: Main listing in Hong Kong brings greater liquidity to the group's stock
- Ali Wu Yongming: AI will create great value far beyond the Internet in the next 30 years
- Alibaba integrates domestic and overseas e-commerce to establish an e-commerce business group
- Alibaba integrates internally to establish an e-commerce business group
- Alibaba CEO Wu Yongming integrates domestic and overseas e-commerce to establish an e-commerce business group, and appoints Jiang Fan to be in charge
- Alibaba integrates domestic and overseas e-commerce to establish an e-commerce business group
- Alibaba repurchases 23.71 million shares, reducing the number of issued shares to 19.118 billion shares
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏