Two years ago, Trump was elected president of the United States. The first Chinese entrepreneur to meet with the media publicly was Ma Yun, who was then chairman of Alibaba's board of directors. At that time, Ma Yun and Trump walked side by side and worked together to create a major event. They claimed that within 1 year, they would support 1 million small American businesses to sell agricultural products and American services to China and Asia through the Alibaba platform, creating 1 million jobs in the United States. A moment of enthusiasm. Since then, Alibaba's share price has been $100, and it has doubled to $200 in early 2018. However, Ma Yun canceled the above commitments in September.

It is said that Alibaba will consider applying for Hong Kong as the second listing in the second half of the year, and the financing amount will reach 20 billion US dollars, which makes the outside world speculate whether it is related to the renewed warming of the trade war. In particular, as Huawei was blocked by US sanctions, SMIC, the largest integrated circuit chip foundry, officially announced on May 24 that it will be delisted from the New York Stock Exchange. In other words, it will only be listed on the Hong Kong Stock Exchange in the future. transaction.

Alibaba's return to the market trend is not difficult to understand. For example, if Alibaba is only listed in the United States, it will inevitably be completely supervised by the United States. Even if it is not necessarily a clear-cut, it is difficult to prevent the dark arrows, including the possibility of making the review more stringent and increasing its financing. Cost, etc. In fact, the US Securities and Exchange Commission investigated Alibaba's accounting practices in 2016 and asked them to submit transaction data before and after the "Double Eleven" Singles Day. As a representative company of the semiconductor industry, SMIC is one of the main battlefields between China and the United States. It is now completely unexpected to announce the withdrawal from the US. Although Alibaba used to be mainly engaged in e-commerce business, in fact, the “Dharma Institute”, which was established in the second half of 2017, shoulders the responsibility of transforming Alibaba from a commercial company into a high-end technology company that invests in technology research and development.

Ma Yun once said without saying, "We must also think that the future of Dharma must go beyond Intel Intel, must surpass Microsoft Microsoft, and must go beyond the research institute of IBM." According to the company, Ma Yun canceled his commitment to the United States in September. After that, it immediately announced the establishment of an independent chip company, "Pingtou Ge Semiconductor Co., Ltd." (incorporating the self-developed chip business of "Zhongtian Microsystems Co., Ltd." and "Dharma Institute" acquired by Alibaba. Promote the industrialization of domestic independent chips.

The company has a large number of talents from AMD, ARM, NVIDIA and Intel and other European and American chip manufacturers. It is expected that the first artificial intelligence chip will be launched in the second half of this year, which can be applied to cloud scenes such as data center, urban brain and autopilot. In the development of quantum chips, "preparing for war" means a lot.

In December of the same year, at the time of the talks, Ma Yun attended the "Belt and Road" forum and said that "the complex relationship between China and the United States will not change in the next 20 years" and called on all sectors to do "thoughts." Under this pattern, it is no wonder that Li Xiaojia, president of the Hong Kong Stock Exchange, said that Alibaba will return 100%, but it is only a matter of time. Whether Shanghai or Hong Kong is listed is its own choice. Of course, Hong Kong is eyeing Alibaba. Last year, the HKEx did not hesitate to amend the Main Board Listing Rules to allow companies with different rights to list in Hong Kong. This is "the most significant listing mechanism reform in the Hong Kong market in the past 25 years." It is considered to be a preparation for Alibaba. In terms of current stock market data, Alibaba's average trading volume is 17,190,341 shares. The stock price of 151 US dollars is 2.6 billion US dollars, and the conversion of Hong Kong dollars is about 20.4 billion yuan. The company will account for the total turnover of Hong Kong stocks on the same day ( Nearly a quarter of the HK$84.2 billion. If Alibaba is listed in Hong Kong, it is naturally a very substantial profit for the Hong Kong Stock Exchange.

Alibaba and Gaoxin Retail Expand Cooperation to Expand Box Horse Supermarket Business Alibaba's indirect holding of nearly 21% of Gaoxin Retail has announced three consecutive connected transactions, perfecting the cooperation scope of Box Mashengsheng (Alibaba's supermarket business), effective today. The three connected transactions are as follows: 1) The “Big Runfa China” of Gaoxin Retail has transferred the entire equity interest in Hainan Box Horse to another subsidiary of Gaoxin Retail, “Shanghai Run Box” at the consideration of US$5 million. Upon completion of the Disposal, Hainan Box Horse will continue to be a subsidiary of Gaoxin Retail. 2) Shenyang Runbox, a subsidiary of Gaoxin Retail, entered into a cooperation agreement with “Hangzhou Lazars” in the Alibaba Group, and perfected the customer-delivered business cooperation in Boxma Supermarket in Shenyang, Liaoning Province. A service fee is charged for the order. The total transaction limit of Gaoxin Retail Support to Alibaba Group in the next three years will range from 1.886 billion to 2.106 billion Hong Kong dollars.

3) Gaoxin Retail's two indirect subsidiaries, Qingdao Runtai and Shanghai Runbox, will supply a supply agreement with Northeast Box Motor; another indirect subsidiary, Guangdong Runhua, will supply an agreement with Hainan Box Motor. As of the end of last year, the audited net asset value of Hainan Box Horse was RMB 24.12 million, and the net loss before tax was RMB 9.72 million. Gaoxin Retail believes that the changes in the shareholding of Shanghai Runbox will help simplify the company's structure. The above transactions can continue to promote the “Boxma Fresh Life” business model and leverage Taobao China's expertise in Internet technology and digital infrastructure to create further value.

The Hong Kong stock exchange may become the biggest winner. Therefore, the Hong Kong economy is inevitably affected or shocked. However, as long as it makes good use of itself as the country's only international financial center, it adheres to the traditional advantages of financial and professional services, rule of law and regulation, and strives for international investors. Support and confidence are not opportunities. However, Hong Kong cannot ignore the interests of listed companies and the Hong Kong Stock Exchange and ignores the protection of investors. In particular, in order to help Alibaba open the way, the HKEx has opened up the "shared rights" structure. Although it is a general trend, Hong Kong investors have no "collective bargaining power" and the Hong Kong market is not as rigorous as the United States. The information disclosure requirements, the level of corporate governance is quite uneven, and even the HKEx itself is also "players and referees", and there is a conflict of interest. In order to cure the problem, Hong Kong must consider the power of the SFC to gradually divide the two roles of "regulatory" and "transaction". The official unit is solely responsible for the supervisory duties of the interests of small shareholders and is beneficial to the long-term development of the Hong Kong market.

In addition, Alibaba, as one of the most representative technology network giants in contemporary China, has provided China with numerous high value-added and high-quality job opportunities over the years. One of the most intriguing features of the company is the courage to promote the younger generation as the core management. For example, as the "partner" of Alibaba Group's decision-making core, as early as 2017, it has promoted more than 80. Join and lead the multinational giants with a current market value of about 400 billion US dollars and more than 100,000 employees; in addition, Taobao and Tmall are still the core business of Alibaba, and the current president Jiang Fan is also a post-80.

As an international financial centre, Hong Kong is not difficult to attract Alibaba to come to Hong Kong to raise funds. But why can't Hong Kong create its own Alibaba to provide more value-added and quality jobs for young people in Hong Kong? Looking ahead, among the constituents of the Hang Seng Index, most of the Hong Kong-invested companies are not related to real estate or banking financial stocks. The management rarely sees young faces. Recently, the Taixing Group, which is listed on the market, is the local well-known food chain group. Most of its profits are actually derived from the profitability of buying and selling properties. More than the 191 restaurants and 6,900 employees in the whole line earned more money! What Hong Kong wants to attract is definitely not just the opportunity to buy and sell Alibaba stocks on local exchanges, but also how it can truly create wealth for society and young people. If so, the people of Hong Kong are the real winners.