Monday, November 23, 2015

Beautiful round arms backward Tencent Alibaba wants to sell shares in the total

United States Mission and the public comments combined effect is.

On November 23, the Wall Street Journal quoted sources as saying, the company currently is considering selling its stake in group-public comment. Alibaba owns 7% shares of consolidated new company about. According to the United States Mission reviews the valuation of this round of financing, Alibaba's shares are valued at about $ 1 billion.

Alibaba is finally exiting the United States do? America has been surging on news that "there is no knowledge." Alibaba has not yet responded.

Ali sold the United States behind the shares, except Ali O2O platform to build their own (reputation), and is most likely due to the company in the United States say more, Ali can only be cashed out.

In fact, as the group grew up before, American managers have unintentionally expressing dissatisfaction with the Ali investment brought about by the restrictions.

US Mission in 2011 and 2012, respectively, take Alibaba to invest 50 million US dollars and 300 million dollars of investment. In May 2014, said meituan founder Wang XING publicly, Alibaba group network 10% to 15% ownership. But in January 2015, the Group conducted a round of financing, Ali's stake is not known.

Group says Ali Baba is a financial investment, rather than a strategic investment.

When Alibaba and their associated ants clothing after the injection of local lifestyle website 50% word of mouth network, reputation and the Group naturally the rivalry, somehow, Ali and the Group also forms the dark war.

On November 20, the media reported that the group currently PayPal merchants to implement a "Blitzkrieg", which is required and the cooperation of businesses do not continue to use PayPal for settlement, merchants are not allowed within the stores displaying PayPal posters and signs of payment. Group to push the team even tougher requirements of businesses shut down on PayPal opened online stores.

Beautiful round arms backward Tencent, Alibaba wants to sell shares in the total break up

Online merchants smashed PayPal items

US missions to respond to surging News said: on whether the Group battle with PayPal, completely untrue. About us mission to push online merchants to play hit the PayPal materials under team, simply push belongs to the individual employee behavior, there has been criticism of relevant staff.

Just a few days before November 17, reputation first held a business conference, Word of mouth network CEO (Chief Executive Officer) Fan Chi attacking the buying patterns, said buying patterns to suck blood. Fan Chi day a surging news interview, did not respond positively "with the blood of Ali's reputation and the group, how to handle the relationship" questions.

On November 23, settled in the reputation of the dumplings a salesperson tell aunt surging news group cannot order now, online prices are cheaper than store prices, "America Online price we couldn't sell, prices, there is nothing changed, if customers want to order in the us, the Group's system say it! "

Settled in the mouth of a surging on news that a staff member of the Burger King, Burger King promotions on a mission in the United States on November 15, off the shelf, off the shelf because, he declined. While Burger King reputation discounts.

But this may be a special case. DiCOS, KFC, McDonald's, a long time Ah, also settled in the reputation and the United States.

A surging group employees told news, group rival Baidu is the sticky rice and Ali's reputation, "it is. "

This competition is mainly reflected in the product dimension, and who invested in and there is no significant relationship. The employee said, such as the movie business, and micro-letters of group movie tickets and movie PK Taobao.

Told Wang entrepreneurial decade nine defeats wrote the book one win, from buying to O2O, facing opponents from the beautiful round NET lashou, litters, the mass comment nets, now the BAT (Baidu, Tencent and Alibaba) ... ... After winning the lightweight final, and beautiful round NET heavyweights iron hand melee. If the BAT straight to buy, war with the group, it is a good, they are not afraid of. Fear is, competitors from outside the group to cut. Beautiful round if we can win this race, it's a O2O giant; not just Premiers, with a "small warring feudal lords."

Internet analyst Wang Ruchen surging on news that Ali and Tencent's investment logic is essentially pursuing complementary. But in Ali, there is really no greater value and business overlap, only the size of the gain, not complementary. Although vertical industry group is also good, but Ali's vertical industry sector chain depth of play, and cannot be separated from Ali's own platform.

News that Tencent and Sequoia Capital is the main new merging of America Director. The combined group and public comments, the Group down to a certain extent to Tencent. Individual leadership of WISCO missions Gang gang,

Tencent partners they are not good at content in the hands to do it. Tencent Beijing e-commerce business to the East, to buy the business to the public comments. United States Mission and the public comments after the merger, the truth remains the same.

According to the Wall Street Journal on 23rd disclosure, group-public comments on a new round of financing provided to investors in a ratchet clause (Equity Ratchet), but did not enjoy this part of the shares held by Alibaba ratchet provisions.

If the signing of ratchet clauses, meaning that if the IPO (initial public offering) price is not up to a certain value, investors can earn extra compensation. (Ratchet anti-dilution instruments of the articles are good for investors, is the most commonly used anti-investor or diluted forms of protection. Dilution is resulting in decreased net book value per share after financing, anti-dilution means the readjustment of capital structure. )

The newspaper also said the group-public comments are engaging in a new round of funding, of which Tencent to invest $ 1 billion in public comments. A new round of financing amount up to us $ 3 billion, the company estimates could reach $ 20 billion. Officials did not comment on this news.

If the message is accurate, presents an interesting situation: on one side is a $ 1 billion company to sell the group-public comments, while Tencent-public comments to the United States an additional $ 1 billion investment.

As to whether Tencent Holdings? Because it is a non-listed company, the United States Mission and the public comments after the merger failed to disclose the latest ownership structure, cannot make guesses.

Take a look at public comments founder and CEO Zhang Tao's tragic departure.

Beautiful round arms backward Tencent, Alibaba wants to sell shares in the total break up Beautiful round arms backward Tencent, Alibaba wants to sell shares in the total break up

On November 13, held a public comment in Shanghai named "old boy" farewell, farewell mass reviews, co-founder, big promotion group leader Li Jing, public comments in early angel investor, one of the Chief services officer Wang Yu left office. On the Court, Zhang Tao of tears. Unable to keep back the tears, there is leaving public comments the team's reluctant, or unable to continue to experience O2O battlefield, who have no way of knowing.

Zhang has received the Tencent's strategic investment in 2014. Shortly after the merger, Zhang is no longer CEO of the new company, became Chairman. But there are rumours that Zhang's management will quit the company within six months.

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