Source: Finance Association
① Following the equity change announcements issued by Yuantong Express, Macalline, and Beauty Beauty on December 1, announcing the withdrawal of Alibaba Network, 4 more A-share companies officially announced this matter on December 3. ② At the earnings conference, Alibaba executives mentioned that the group plans to increase ROIC (return on capital) to a double-digit level within the next few years.
On the evening of December 3,$Focus Media Information Technology (002027.SZ)$,$China TransInfo Technology (002373.SZ)$,$Meinian Onehealth Healthcare Holdings (002044.SZ)$,$Easyhome New Retail Group Corporation (000785.SZ)$In the evening, it was announced that recently, Alibaba Network, which holds more than 5% of the company's shares, signed a “Share Transfer Agreement” with Hangzhou Haoyue, agreeing that Alibaba Network will transfer its company shares to Hangzhou Haoyue through an agreement transfer.
It is worth mentioning that on the evening of December 1,$YTO Express Group (600233.SH)$,$Red Star Macalline Group Corporation (601828.SH)$,$Shanghai Lily&Beauty Cosmetics (605136.SH)$A separate equity change report was also issued. The content given is similar. Alibaba Network will transfer the shares of the listed company to Hangzhou Haoyue. After the transaction is completed, Alibaba Network will no longer directly hold shares in the listed company.
This means that up to now,$BABA-SW (09988.HK)$It has withdrawn from 7 listed companies it holds.
According to the announcements of these listed companies, in order for Alibaba Network to highlight the independent development of the main business and non-main business, carry out their duties, improve operating efficiency, further achieve asset preservation, value-added and sustainable development, and build a competitive enterprise, Alibaba Network decided to implement a continuing separation and split into Alibaba Network (the surviving company) and the newly established companies Hangzhou Haoyue, Chuanbin Technology, and Chuanhang Technology, and the shareholding ratio of Alibaba Network's shareholders and shareholding ratio before the separation. This change in equity is due to Alibaba Network's ongoing separation. All shares of listed companies held by Alibaba Network were carried over by Hangzhou Haoyue, a newly established company after the split.
Among the equity changes announced this evening, Alibaba Network plans to transfer about 885 million shares of Focus Media to Hangzhou Haoyue at 662 yuan/share, accounting for about 6.13% of the company's total share capital.
Meanwhile, Qianfang Technology said that through an agreement transfer, Alibaba Network plans to transfer 222,993,866 shares of the company's unlimited tradable shares to the transferee Hangzhou Haoyue, accounting for 14.11% of the company's total share capital.
According to the American Health announcement, Alibaba Network transferred 8.02% of its company shares to Hangzhou Haoyue. The transfer price per share was $6.17, and the total transfer price was $1,937 billion.
Easyhome said that Alibaba Network plans to transfer its share agreement to hold 576,860,841 unlimited tradable shares of Easyhome (accounting for 9.18% of the total share capital) to Hangzhou Haoyue. The transfer price is 355 yuan/share, and the total share transfer price is 2,048 billion yuan. This change in equity does not involve or cause changes in the controlling shareholders or actual controllers of the Company.
According to the announcement, the equity interviewee, Hangzhou Haoyue, is a newly established company. It was founded on October 24, 2023. Taobao (China) Software Co., Ltd. holds 57.59% of the shares, Zhejiang Tmall Technology Co., Ltd. holds 35.75% of the shares, and Alibaba.com China Limited holds 6.66% of the shares. This is exactly in line with Alibaba Network's shareholder and shareholding ratio.
Therefore, according to some industry insiders, Alibaba Network no longer holds shares, but this does not mean Alibaba's complete withdrawal; Hangzhou Haoyue, which succeeded the shares, is still an Alibaba company.
In addition to these three companies, Alibaba Network currently has about 9 listed companies with a shareholding ratio of more than 5% in A and H shares, including$UTour Group (002707.SZ)$(Alibaba Network holds 10.20%),$ASR Microelectronics (688220.SH)$(Alibaba Network holds 15.43% of the shares),$LIANHUA (00980.HK)$(Alibaba Network holds 18% of the shares),$HONGJIU FRUIT (06689.HK)$(Alibaba Network holds 7.67%),$HUITONGDA NET (09878.HK)$(Alibaba Network holds 17.26% of the shares). As of press release, the remaining listed companies have not issued similar equity change announcements.
In addition, according to media analysis, Taobao Holdings also holds more than 5% of shares in 10 A or H listed companies, including$BILIBILI-W (09626.HK)$,$CLOUD MUSIC (09899.HK)$,$XPENG-W (09868.HK)$,$SF INTRA-CITY (09699.HK)$,$BABYTREE GROUP (01761.HK)$etc. It is currently unclear whether Taobao Holdings will make a similar share transfer arrangement.
Since this year, Alibaba Group has continued to make big moves.
On March 28, Alibaba initiated one of the largest organizational changes since its establishment in 24 years. Alibaba Group split into several “1+6+N” independent companies.
On September 10, Wu Yongming became CEO of Alibaba Group, and also served as Chairman of Taotian Group and Chairman and CEO of Alibaba Cloud Intelligence Group.
In mid-November, during Alibaba's three-quarter earnings analyst conference call, Wu Yongming participated for the first time as the newly appointed CEO and announced a series of changes: suspending Hema Xiansheng's IPO and not promoting the complete spin-off of Cloud Intelligence Group. At the same time, the first batch of strategic innovative businesses of Ali — 1688, Xianyu, DingTalk, and Quark — has surfaced.
At the earnings conference, Ali executives also mentioned that the group plans to increase ROIC (return on capital) to a double-digit level within the next few years.
In order to achieve this goal, we will increase investment in core business, invest in innovation, and invest in growth, thereby increasing the profitability and income of core business in the future, thereby increasing the return on capital. However, for non-core businesses, it is necessary to turn this part of the investment into profit as soon as possible.
“For some investments, we still have an opportunity to monetize them. Through monetization, we can also return value to the Group's shareholders in the future, thus helping the Group increase its return on capital. In addition to this, we have many other investments, including investments in equity securities, stock investments, and investments from some affiliated companies. All of these investments are also a resource that we can use to improve our return on capital.” Alibaba Group CFO Xu Hong said.
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