According to the " Daily Economic News " report, on August 15, large U.S. investment institutions successively announced the latest holdings . The Chinese concept stocks listed in the United States are very popular, and Goldman Sachs and Hillhouse Capital are increasing their holdings. Alibaba stock. This is Elephant Science and Technology. Today we will talk about the investment institutions and partnership system of Ali .
Public information shows that among the institutional shareholders of Alibaba US stock , Wall Street giant Goldman Sachs holds approximately 22 million shares, with a shareholding ratio of approximately 0.86%, and a shareholding value of approximately US$2.1 billion. The 13F documents submitted by Goldman Sachs show that in the second quarter of this year, Goldman Sachs increased its holdings in Alibaba. The latest holdings of Alibaba's US shares were 25.3 million shares, and the shareholding ratio increased to 0.95%. The market value of the stock holdings was approximately US$2.4 billion.
Hillhouse Capital also has a heavy position in and Chinese concept stocks, with Alibaba being the key target. Among the five stocks that Hillhouse Capital increased its holdings the most in the second quarter, four were Chinese concept stocks, namely Alibaba, Daqo New Energy, shell and Pinduoduo. Among them, Alibaba was the largest increase.
As China’s largest e-commerce platform, Alibaba’s valuation this year has returned to the IPO period in 2014. The stock price per share is less than 100 US dollars, and the company’s market value is less than 250 billion US dollars. This low valuation has naturally attracted the attention of Goldman Sachs, Hillhouse and other institutions have increased their holdings.
In addition to Goldman Sachs and Hillhouse, investment institutions that hold Alibaba stocks include Vanguard Fund , Fisher-Price Assets, HSBC Holdings , E Fund, and Morgan Stanley, with shareholding ratios generally not exceeding 0.6%.
However, while large funds were increasing their holdings in Alibaba, SoftBank, Alibaba's largest shareholder and long-term investor, chose to sell Alibaba shares significantly because of its extremely poor financial situation.
Just a week ago, SoftBank announced that it had settled 242 million U.S. shares of Alibaba with Wall Street investment banks, cashing out US$34 billion in one fell swoop. SoftBank’s shareholding ratio in Alibaba has also been significantly reduced from 23.9% to 14.6%, which is already lower than 15%. Director nomination threshold, will withdraw from Alibaba's board of directors.
From Son Masayoshi 's first investment of 20 million US dollars in Alibaba in 1999, to Alibaba's listing in New York in 2014, SoftBank increased its holdings in Alibaba many times, and finally obtained thousands of times of returns, creating an investment myth. But starting in 2016, SoftBank began to gradually reduce its holdings of Alibaba shares and cash out to supplement Son's blood.
After multiple rounds of reductions in 2016, 2019, 2020 and this year, SoftBank has made huge profits, but even so, SoftBank is still the largest shareholder of Alibaba. SoftBank currently holds 14.6% of Alibaba’s equity. It is also much higher than other institutions.
As for Yahoo, the former major shareholder of Alibaba, it once held 40% of Alibaba’s equity at its peak. However, due to the extremely poor main business of Yahoo, after many attempts to sell itself, Yahoo’s Alibaba equity dropped to less than 10% in 2019. Judging from the latest list of Alibaba shareholders, Yahoo seems to have cleared its Alibaba shares.
It should be noted that although Yahoo and SoftBank are both major shareholders of Alibaba, the actual control of Alibaba is firmly in the hands of the management. This is mainly because of the partnership system created by Jack Ma to realize the rights and interests of major shareholders. Completely separated from daily business operations, neither Yahoo nor SoftBank can interfere with Alibaba's daily business operations and play the role of financial investors.
According to Alibaba’s partnership system, partners nominate the majority of directors on the company’s board of directors, rather than allocating director seats based on the number of shares. Therefore, although Alibaba's management has a small shareholding ratio, it is the actual controller of the company and firmly controls the company's board of directors.
The Alibaba annual report released in June 2019 rarely disclosed the shareholding ratio of Alibaba's top management. Among them, Jack Ma holds 6.2% of Alibaba's shares, and Cai Chongxin holds 2.2% of Alibaba's shares.
In 2020, Jack Ma’s shareholding ratio dropped to 4.8%, and Alibaba will no longer disclose Jack Ma’s shareholding data. Tsai Chongxin’s latest shareholding ratio is approximately 1.4%.
Partners are regarded as the pyramid of Alibaba’s power. On July 26, Alibaba disclosed the latest list of partners in its annual report. A total of 29 executives were on the list, a significant decrease from the 38 executives in the previous year. Among the 9 partners, 6 are Ant Group management members, and the other 3 executives no longer serve as Alibaba partners due to retirement or job changes.
