Alibaba HK $5 Billion 370 Million Investment In Yintai Business Group

< p > Alibaba group (hereinafter referred to as "Ali group") and 01833.HK (hereinafter referred to as "Yintai business") jointly announced that Ali group will invest HK $5 billion 370 million for Yintai business.

The two sides will open up the future commercial infrastructure system under the online and offline business, and will form a joint venture company.

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In this cooperation, in this cooperation, a href= "//www.sjfzxm.com/news/index_cj.asp" > Ali group < /a > will invest in the way of subscribed Yintai commercial new shares and convertible bonds, with a total investment of 5 billion 370 million yuan Hong Kong dollars.

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After the paction is completed, Ali group will hold 9.9% of Yintai business and a total of about 3 billion 710 million yuan, less than a href= "//www.sjfzxm.com/news/index_c.asp" > HK $< p > convertible bonds.

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< p > the two sides agreed that in the next three years, under the premise of the relevant laws and regulations, Ali group can convert convertible bonds into ordinary shares of Yintai business, thus making Ali group's stake in Yintai business no less than 25%.

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After P strategic investment, Ali group and "a href=" //www.sjfzxm.com/news/index_c.asp "Yintai commerce < /a" will fully open up the membership system and payment system, and will realize the docking of commodity system.

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< p > on this basis, the two sides will build a basic system to open up online and offline businesses, and realize the seamless trading of commodity pactions, affiliate marketing and membership services under online and offline businesses.

The system will be open to all sectors of the society and serve all major commercial groups, retail brands and retailers.

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< p > related links: < /p >

< p > Tencent holdings is undoubtedly one of the biggest stocks in the wave of technology Internet stocks since last year.

The lowest share price of Tencent has been HK $238 since March 2013, but in the next 12 months, except for last June and March this year, the share price rose in all the other months, and the monthly increase in February was 14.54%.

In early March this year, Tencent shares continued to rise, reaching HK $646 in March 7th, reaching HK $1 trillion and 204 billion 144 million in history.

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< p > however, on the day of the highest historical price, Tencent's stock price fell sharply, eventually falling by 0.71%.

Next, Tencent shares suffered the most violent adjustment in nearly 4 years.

In March 27th, Tencent's share price fell by HK $32.5 in one day, the lowest drop to HK $513, and its largest decline over 20% in the 14 trading days of the day.

In March 28th, although the stock price rebounded, the market value of Tencent was only HK $997 billion 200 million, which is still below trillion.

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< p > reporter noted that the monthly K-line from the Tencent listing in the past 10 years is not hard to find. The situation of a monthly drop of more than 20% is extremely rare.

Among them, there were two times in the global financial turmoil in 2008, and in November 2011, the rest of the performance was very robust.

This time, the Tencent set a record price in the early March, and then dropped sharply. In the end, it fell to 14% in the single month (up to March 28th), and the biggest drop in the interval was more than 20%. What caused the violent fluctuations? < /p >

< p > for this, the insiders believe that this may be related to the continuous rise of Tencent stock price in early stage, and the increase is too large.

In fact, the stock price of Tencent has increased by 98.63% over the whole 2013.

In the first two months of this year, the stock rose faster. In the first month of February, it rose to 14.54%, and such a rapid rise is also a reflection of the rapid expansion of Tencent at the operational level.

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< p > in addition, in January 2010, Tencent also had similar situations in March this year.

At that time, Tencent's stock price reached HK $176 in the month, but the lowest fell to HK $137.5, and the biggest drop was more than 20%.

Before that crash, Tencent rose for 10 consecutive months.

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