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Posts Tagged ‘alibaba’

Jack Ma is a patriotic parrot

In China on 15/05/2018 at 4:29 am

From NYT Dealbook sometime back. He should remember that Xi had to beg Trump not to kill ZTE.

Jack Ma on what a trade war would cost the U.S.
The Alibaba Group co-founder asserted in a WSJ op-ed today that the U.S. risked throwing away a huge opportunity to make money in China, because his home country may soon become an enormous consumer. From his piece:
“It is therefore ironic that the U.S. administration is waging a trade war at a time when the largest potential consumer market in the world is open for business.”
Yet economists point out that China is still an offender on intellectual-property theft and restricting its market to foreign companies — even as they worry that tariffs will backfire. (The Fed is worried, too.) But Larry Kudlow has urged calm, even as he didn’t rule out tariffs coming before negotiations with Beijing.
Elsewhere in trade: While the U.S. wants a Nafta deal by next month, Mexican negotiators are still balking at some Washington demands.
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NYT discovers that Chinese internet firms are big

In China, Internet on 22/08/2017 at 2:16 pm

Can’t stop laughing that this fan of Hilary Clinton and hater of The Donald (he returns the hate) has only just discovered the existence of big Chinese internet firms.

From NYT Dealbook

The new Silicon Valley may be in China.
America’s technology giants have new neighbors as the Chinese companies Alibaba Group and Tencent Holdings have quickly become darlings of global investors by dominating their home market.
Alibaba and Tencent are among the world’s most highly valued public companies, with market capitalizations twice as big as the longtime tech leaders Intel, Cisco and IBM.
They have joined an elite club of tech companies worth $400 billion and up that has been dominated by American businesses: Apple, Amazon, Facebook, Google and Microsoft.
“We’ve come to the point where China has finally caught up with the U.S. in the internet space,” said Hans Tung, a managing partner at the venture capital firm GGV Capital.
Alibaba and Tencent have grown to prominence by dominating e-commerce and online life in China, the world’s largest internet market. Their growth has come as Western companies, such as Facebook, have been blocked by the country’s tight internet controls.
This week, Alibaba and Tencent reported financial results that were well ahead of analysts’ expectations and point to the growing influence of technology on the Chinese economy.
Tencent is expected to soon become the only company other than Facebook to have a social network with more than a billion users, while Alibaba has more than 500 million monthly active users for its online shopping apps. The Chinese companies’ revenue also grew at a faster pace in the past three months than at Facebook and Alphabet, the parent company of Google.

HoHoHo: Why Alibaba chose KL not S’pore

In China, Logistics, Malaysia on 26/05/2017 at 4:30 am

Guess we now know why Jack decided to use M’sia, not S’pore, as a logistics base despite Alibaba owning a stake in SingPost. Alibaba knows who Beijing considers a friend.

Earlier this yr,

Alibaba kicked off its grand plan for global trade without frontiers with a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia. The pact, established as a public-private partnership in Malaysia’s digital free trade zone, will focus on infrastructure, including a fulfilment centre and co-operation on electronic payments and financing. So far, it is strictly logistics: favourable tariffs are still under discussion.

FT

 

 

More on Alibaba in KL

In Malaysia on 27/03/2017 at 1:36 pm

Further to this, last week, as part of a digital free trade zone launched by M’sia’s PM and Jack Ma. Alibaba announced it would set up a regional logistics hub near Kuala Lumpur airport.

Funny S’pore Inc missed this deal. Wonder why?

Giants that will slay Jack (Ma)?

In Banks, China, Internet on 23/09/2014 at 4:25 am

Jack Ma, Alibaba’s founder, is a hero. He slew eBay in China. Now he is going up against new giants by shaking up China’s state-dominated finance industry. His business, the Zhejiang Ant Small and Micro Financial Services Group, processes payments, sells insurance and runs one of the world’s largest money market funds, placing it in competition with banks controlled by the Chinese government. It is a precarious position.

http://blogs.wsj.com/chinarealtime/2014/03/26/chinas-largest-bank-declares-war-on-alibaba/

Why Alibaba bot into SingPost and why S’pore will be big e-commerce hub

In Internet on 19/07/2014 at 4:16 am

Asean’s has huge e-commerce potential. Seems contrary to the usual data cited, Asean has internet penetration of 32%, not the accepted wisdom of 10%. Smartphones have multiplied as has their use to access the internet.

http://blogs.ft.com/beyond-brics/2014/07/08/asean-nears-its-ecommerce-moment-report/ (Free but need to register)

 

 

 

Earlier this yr, China’s Alibaba Group has signed an agreement to invest S$312.5 million (US$248.88 million) for a 10.35 percent stake* in Singapore’s postal service, SingPost. 

The funds injection will see Alibaba-subsidiary, Alibaba Investment, acquire 30 million existing ordinary shares and 190.096 new ordinary shares, said SingPost in a statement. The two companies signed an agreement that would also allow them to assess the possibility of setting up a new joint venture related to global e-commerce logistics.

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*Alibaba bot roughly 190 million new Singapore Post shares and 30 million existing treasury shares for S$1.42 apiece, an 8.4% discount to SingPost’s closing share price of S$1.55. Stock cheonged to the 1.75 level where it remains.

GIC, Temasek laughing all the way from Alibaba’s cave

In Financial competency, GIC, Private Equity, Temasek on 10/06/2014 at 4:47 am
FT reported a few moons ago on how Alibaba is likely to be valued in a coming US IPO:
Would-be buyers of Alibaba’s unlisted shares and convertible bonds have recently been making offers that value the group at $120bn-$150bn*, according to bondholders and others involved in the market …

That is a sharp contrast with 2012, when Alibaba issued the $1.6bn convertible bond to a small group of investors including Singapore’s Temasek and GIC.

At the time, Alibaba was valued at less than $40bn, two people with direct knowledge of the situation said. Under the terms of the deal, the bond will convert into equity upon completion of an IPO.

($= US$)

Temasek haters like Chris Balding and Heart Truths must be feeling sick. The bonds are worth 3 times the price that Temasek, GIC paid for them. Even at the low end valuation valuation of US$80bn, the bonds would have doubled in value. Keep on cursing Heart Truths and Chris Balding (and TRE posters). GIC, Temasek are like Sith Lords, they do well when you keep cursing them. LOL

Never mind, these rabid haters can bitch about the failure of an IPO where Temasek among other shareholders were trying to flip less than a yr after they went in. http://www.reuters.com/article/2014/04/30/wh-group-ipo-idUSL3N0NL2OL20140430. Investors tot they were too piggy in a pig farming IPO.

*Another view: Alibaba’s valuation, which a Breakingviews calculator estimates at $113 billion