Ali looked at the koala, and the market pattern of Haitao was changed.
Ding Lei’s idea of recreating a NetEase with e-commerce will be difficult to achieve.
According to many sources close to Netease, Ali will take Netease Koala (hereinafter referred to as koala) in the form of shares or mergers and acquisitions. Another Netease person said that Ali has entered the koala for due diligence. If the negotiation is successful, it is possible to complete the transaction around eleven. In this case, the Netease Koala and Tmall were asked to verify that both parties responded: “The market rumors are not commented.”
The two sides did not make public statements on the matter, but reports from various media continued to fill in more details on the deal. On the afternoon of August 13, “21st Century Business Herald” said that it has been learned from anonymous investors that Koala is in the process of financing. The contacts may include E-commerce platforms such as Alibaba and Pinto. “Now, there is no Completely finalized object.” Subsequently, Caijing said that the current negotiations between Ali and Koala were basically confirmed, and the purchase price was around several billion US dollars. The details were being discussed. In many aspects, he denied the news of the koala.
Since last year, rumors of koalas seeking breakthroughs in the capital markets have not stopped. The market once circulated that koala actively seeks to acquire Amazon overseas purchases. Netease CFO Yang Zhaoyu also responded to the rumor that NetEase “has always sought business strategy partners with an open mind.” But one employee from Netease is symmetrical, and negotiations with Amazon have been yellow, because the price has not been discussed.
Koala had hoped to split up through mergers and acquisitions and seek opportunities for independent listing. But at present, it seems that this road is nowhere, and the koala can only choose another way.
Netease and koala abacus
The koala’s financial data shows that it is not “mixed badly” and seeks to sell.
Although the profit pressure is high, the annual revenue of Koala is 10 billion, second only to Tmall International. In terms of market share, Koala is also holding the second position, and it is half of the market with Tmall International, which is twice the size of the third Haitang Global (Jingdong Overseas).
The market situation of Q4 domestic cross-border market in 2018, the picture comes from Analysys
But both M&A and financing indicate that Netease Koala is in urgent need of a large amount of cash flow. This is related to its business model. From the beginning, in order to do a good job of quality control, the koala adopts the self-operated mode. Taking Jingdong as an example, it insists on self-employment to build competitive barriers, but it also causes