Hong Bo: Ali'S Listing In The US Is Not Easy To Start.

< p > > now a href= "//www.sjfzxm.com/news/index_c.asp" > Alibaba < /a > has been "unable to wait".

According to the agreement between Alibaba and YAHOO in 2012, Alibaba has the right to buy back 1/2 of the remaining 24% shares held by YAHOO at the time of IPO, or 12%.

But the premise of the buyback is that the Alibaba needs to complete the listing by December 2015.

Time is becoming more and more precious to Alibaba.

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< p > then is it true that the Alibaba announced the launch of its listing in the US? < /p >

< p > special answer, Internet commentator Hong Bo: < /p >

< p > Alibaba's move shows that it is still playing a game with Hongkong listed regulators.

It seems that Alibaba has "no desire to play", but this may be just a means of its game.

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< p > Alibaba hopes to pmit information to the outside world, that is, the loss of Alibaba by the HKEx is not only a loss of a huge market opportunity, but also indicates that the HKEx lacks support for innovative enterprises, which is unfavorable to the HKEx attracting innovative enterprises such as "a href=" //www.sjfzxm.com/news/index_c.asp "Internet" /a ".

To put pressure on the HKEx and Hongkong listed regulatory authorities.

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< p > < strong > > < a > href= > //www.sjfzxm.com/news/index_c.asp > > /a > not easy > /strong > /p >

< p > Alibaba announced such a high profile to launch its listing in the US, but it may not be able to go through the border.

The US listing threshold is really low, but Alibaba's "partner system" is relatively special, and the US capital market may not be recognized.

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< p > partnership between Alibaba and partnership law in mainland China, Hongkong or Cayman Islands is not a concept at all. It is a group of people called "partners" who nominate the majority of directors in the board of directors, instead of distributing directors' nomination rights according to the proportion of shares held.

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< p > to control a company in the name of partners rather than the actual shares, which is also difficult to achieve in the US capital market.

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< p > < strong > "start" is not reliable. < /strong > < /p >

< p > Alibaba suggested to the HKEx about listing in August last year as partner system, indicating that Alibaba has been preparing for listing for a long time.

At that time, Alibaba was not sure whether they would be able to successfully go to Hong Kong to go public.

Therefore, it is hard to say that Alibaba has been aiming at launching the listing plan for the HKEx, and the US listing is likely to be one of its options.

Until now, the announcement of "launching" to the US has only been announced.

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< p > finally, the possibility of Alibaba listing in Hong Kong is becoming smaller and smaller.

In any case, the pressure from the HKU and Hongkong listing authorities must consider the adverse effects brought about by the Alibaba exception. The principle of "sharing the same rights" is difficult to change because of Alibaba.

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