Alibaba has made new progress in listing in Hong Kong.
Text|Daily Business Highlights
Ali promotes the second listing plan in Hong Kong, and the Hong Kong Stock Exchange welcomes the big order
Alibaba has made new progress in listing in Hong Kong.
On November 8, Tencent’s “First Line” reported that Ali decided to start a roadshow before the Hong Kong listing next week. The Ali listing team has now communicated with some institutional investors about pricing discounts and has made an inquiry at a discount of 4% of the current US stock price. As of November 7, Ali’s closing price in the US stock market was $186.66 per share. Ali has not commented on this.
Ali submitted a listing application to the Hong Kong Stock Exchange in June this year. He planned to go public at the end of August, with an initial fundraising target of $20 billion. The subsequent turbulent environment put Ali on the listing plan. On November 7, the Financial Times quoted people familiar with the matter as saying that Ali cut its fundraising target to between 10 billion and 15 billion US dollars (2% to 3% of its total market value) and hopes to complete the transaction by the end of the year. .
Returning to Hong Kong stocks at this time, for Ali, first, raise additional funds to reduce external financing risks; second is…
Editor’s comment: Alibaba and the Hong Kong Stock Exchange have a deep relationship. Its B2B e-commerce company Alibaba.com was listed in Hong Kong in 2007. Since then, it has been considered by the market…
Xiaomi personally entered the smart watch market, and the ecological chain has to become a friend?
This week, Xiaomi officially released the first smart watch at the new product launch. Previously, the Xiaomi bracelet series has been iterated for 4 generations, with a cumulative sales volume of 62 million. However, regardless of product pricing or application scenarios, the imagination of the watch is much larger than the bracelet. This is the first time that Xiaomi has entered the smart watch market as an official identity, which will affect the Xiaomi eco-chain enterprise more or less.
The millet and the ecological chain did achieve a win-win situation in a short period of time. As a supplier of millet bracelets, Huami sold 1 million bracelets in just three months. 90% of Zhimi’s air purifiers were sold from Xiaomi channels. Eco-chain enterprises survive by “small rice”, but not making money has become a major contradiction between each other. For the ecological chain enterprises, in addition to a set of strict standards, Xiaomi also has requirements for low gross profit. In 2016, Huami Technology’s revenue reached 1.556 billion yuan, while the net profit margin was only 1.5%. In addition, Xiaomi will also take away part of the profits of the eco-chain enterprises, and the capital occupation is also one of the troubles caused by Xiaomi.
In recent years, Yunmi, Zhimi, and Huami have all set their own doors and started to promote their own brands. …
Editor’s review: Xiaomi personally rushed to grab the business, shareholders became opponents, Xiaomi ecological chain had to face this change. And the ecological chain solo, took away…
This article is from the paid section “Daily Business Featured” – November 8 Day
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