Alibaba Plans To Hold Alipay To Lend Small Loans

< p > here, the world's < a href= "//www.sjfzxm.com/" target= "_blank" > dress < /a > a href= "//www.sjfzxm.com/" target= "//www.sjfzxm.com/" > shoes, < hat > net, to introduce to everyone is Ali intends to shareholding Alipay to let go of small loans, supervision attitude becomes the key.

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< p > Alibaba is making the final sprint for its IPO, which has renewed interest segmentation between the core and related small and micro financial services group (hereinafter referred to as the small and micro gold service).

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Yesterday morning (August 13th), Alibaba group submitted the updated prospectus update to the securities and Exchange Commission (SEC) of the United States (P).

The document shows that under the premise of regulatory permissible, Alipay's parent company's small and micro gold clothing will replace Alibaba's profit sharing and equity value compensation rights of Alibaba for small and micro gold clothing, which means that after the divestiture of Alipay in 2011, Ali intends to re hold Alipay's shareholding indirectly.

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< p > in the industry view, Alibaba on the one hand has clarified the "Alipay" equity dispute, on the other hand, at the critical moment of listing, it is also the final sprint for its valuation.

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< p > it is reported that Alibaba is expected to visit IPO in September 16th, and its valuation of itself is US $133 billion.

However, Alibaba insiders did not give specific timetable when interviewed by reporters.

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< p > < strong > clarify business relationship / < /strong > < /p >

< < p > August 13th update prospectus disclosure, < a href= "//www.sjfzxm.com/news/index_s.asp" > Alibaba < /a > board of directors, YAHOO, Softbank, small micro gold clothing and other parties have passed the Alibaba group and small micro gold clothing equity and asset purchase agreement, and terminated the 2011 framework agreement reached by all parties.

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< p > according to the new agreement disclosed in the prospectus, Alibaba intends to convert Alipay's dividend from one-time compensation to long term holding, while extending the profit sharing range from Alipay to the whole small and micro gold clothing.

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< p > it is understood that in addition to 100% holding Alipay, the small and micro gold clothing also holds 51% stake in the Celestica fund, 19.9% stake in Zhong An insurance, some part of the stake in the treasure platform and Ali, and may also be involved in the Internet banking business in the future.

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< p > before that, after the pfer of Alipay's shares in 2011, Alibaba group no longer held shares of Alipay, instead of a framework agreement.

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< p > according to the updated prospectus in August 13th, Alibaba group provides profit sharing and one-time cash compensation from Alipay to small and micro payments.

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< p > for this, some market participants say that if Alibaba holds small and micro gold clothing, its financial business space will greatly expand the Internet giant ship.

However, whether Ali can re sharehold the "Alipay system" depends on whether the regulatory authorities allow it or not.

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Guo Tianyong, director of the China banking research center of Central University of Finance and Economics and professor of Finance School of Central University of Finance and Economics, told reporters that Alibaba's shareholding of small and micro gold clothing can promote the development of its Internet financial business faster. But whether the future regulatory policy will be relaxed is the key to re shareholding.

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< p > Internet watchers believe that the integration of Alibaba before the listing can ensure that relevant lending businesses will continue to be held by Chinese companies in the future, reducing the financial and regulatory risks that Alibaba may face in the future.

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< p > at present, 40% of the shares of small and micro gold clothing are held by employees, and the other 60% will be used to introduce investment.

The updated prospectus in August 13th confirmed that Ma Yun's shareholding ratio in small and micro gold clothing will not be higher than that in the Alibaba group, which is 8.9%.

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< p > < strong > stripping small loan business / < /strong > /p >

< p > in addition to clarifying the commercial relationship with the small and micro gold garments, Alibaba also has another important business adjustment, that is, to divest the small loan business.

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< p > reporter understands that at the beginning of the small gold clothing group preparation, the small loan business has been regarded as an inalienable part of Ali finance, but its relationship with the small and micro gold clothing has not been clearly assigned, and the Alibaba group has avoided talking about it.

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< p > the new prospectus shows that Alibaba group has reached a new equity and asset purchase agreement with the small and micro gold service.

Alibaba will sell small loan business to small and micro gold clothing at a price of 3 billion 219 million yuan (US $518 million).

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< p > the cost will be completed within two years of the completion of the delivery, or the eligible listing of the small and micro gold clothing group < /p >.

When p exceeds $25 billion and the amount of financing exceeds US $2 billion, payment is made.

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< p > there are also proprietary software and related intellectual property related software system usage and service agreements. Alibaba will charge 7 years' royalties.

According to the agreement, the cost from 2015 to 2017 is 2.5% of the daily average balance of small and medium enterprises loans, and the fees collected in 2017 from 2018 to 2021 are fixed.

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< p > Hu Xiaoming, vice president of Alibaba group, said in an interview with reporters that Ali's small loan business is using Internet technology and big data to screen borrowers, so as to maximize the risk aversion.

"From the Alibaba e-commerce platform, we can get business records, paction number, amount and other real information. We have to pay certain royalties for these big data every year."

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< p > Senior Business Observer Lu Zhenwang said that stripping small loan business can make Alibaba and small and micro gold clothes more clearly defined in the future.

After the sale, Alibaba can focus on the electronic business platform. Small and micro gold clothes are mainly financial services.

In addition, Alibaba shares are very clear and can get a stable dividend return and value return.

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< p > < strong > sprint the largest IPO/ /strong < < /p >.

On the eve of the listing, Alibaba finally won the financial contribution of Alipay, Alipay, which pushed the valuation of Alibaba p to $200 billion.

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< p > Bloomberg quoted sources as saying that Alibaba group will start the roadshow in September 3rd and officially enter the New York Stock Exchange in September 16th.

From September 3rd onwards, Alibaba will conduct two weeks of 100 roadshows, with roadshows spanning three continents across Asia, Europe and North America.

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< p > according to the underwriter's plan, Alibaba Group executives will first meet with Chinese investors in Hongkong and Singapore, then arrive in London and finally arrive in New York on September 8th to hold the first roadshow in the United States.

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< p > it is worth noting that the Alibaba announced in August 6th that Jin Jianhang was appointed president of the group.

The industry speculated that Ali's roadshow could be handed over to Jin Jianhang.

According to introducing, Jin Jianhang is one of Alibaba's initial entrepreneurial team "Eighteen Lohan", has the media background, has been responsible for Alibaba group public relations, government affairs, market activities.

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< p > Bloomberg expects Ali IPO to raise $20 billion and become the largest IPO in the US stock market.

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The P > prospectus shows the 6 major investment banks of Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and Citibank as underwriters of the Alibaba.

Alibaba will eventually employ more than 20 investment banks for the IPO.

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< p > Alibaba insiders declined to comment on the above information.

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< p > it is learnt that before IPO, Alibaba will also disclose the first quarter financial results for the 2015 fiscal year ended June to investors.

However, in the US stock market < a href= "//www.sjfzxm.com/news/index_cj.asp" > investment < /a >, it seems that if Alibaba IPO market capitalization is in the amount of about 100000000000 US dollars, there will be room for growth for investors. Once sprint to US $200 billion, its short term investment value of the stock is much smaller.

"Unless we look forward to the long term, including Ali cloud, finance, logistics and other real development, share prices will probably rise."

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