Alibaba’s market value exceeds Tencent’s, and Alibaba has become international-看世界

Alibaba’s market value exceeds Tencent’s, and Alibaba has become international

Tencent has been the company with the highest market value in China for many years. However, on November 26, Alibaba Group (hereinafter referred to as ALI) officially returned to the Hong Kong stock exchange with the stock code of "9988", with an opening increase of 6.25% to HK $187, with a total market value of HK $3999.3 billion, exceeding the market value of HK $3257.3 billion of Tencent, ranking the eighth largest company in the world.

Standing beside Zhang Yong, chairman of Ali's board of directors, there are not only Cai Chongxin, executive vice chairman of Ali's board of directors, Dong Jianhua, independent director, etc., but also 10 users of different colors. In contrast to this detail, when Alibaba was listed on the New York Stock Exchange in September 2014, there were also eight users present. At that time, those eight users were all from the mainland of China with yellow skin and black eyes.

Undoubtedly, this detail of the listing ceremony once again shows Alibaba's determination to globalize. This year marks the 20th anniversary of Alibaba's founding, "Zhang Yong said at the scene of the bell ringing." we have ushered in an important milestone and have returned to Hong Kong for listing. First of all, I would like to thank Alibaba's customers for their support and company. I specially invited 10 representatives to play the Gong together. These 10 users mean Alibaba's internationalization. "

On the eve of the IPO, in an exclusive interview with China entrepreneur, Zhang Yong said that the only constant in the process of the era is change. Alibaba has always been thinking about how to increase its leading edge through lane change, create opportunities for lane change and overtaking in new areas, and create new possibilities with technology, so that Alibaba can firmly move towards 102 years.

In the past 20 years, Alibaba's management structure, business layout, equity structure and business scale have been constantly "evolving", which is not what it was when it was born. It has become a "super giant" with businesses ranging from new retail, new finance, logistics, big data cloud computing, to local life and entertainment, serving hundreds of millions of users.

Compared with his goal of "102 years old", in Zhang Yong's view, Alibaba is still "young", and the re listing in Hong Kong is just a new starting point for young Alibaba to face the future. For the future, Zhang Yong said Ali will use the "three in one" strategic integration, i.e. high integration of business strategy, organizational strategy and cultural strategy to move towards the era of digital economy and complete the mission of "making the world have no hard business in the era of digital economy".

Alibaba specially invited 10 representatives to play the Gong together, which means Alibaba's internationalization.

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