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Preface

is the fault of the listing again, with Wang Jianlin's Wanda in the front and Jack Ma's Ali in the back.

On March 26, Ali suddenly announced the withdrawal of the rookie listing plan.

Prior to this, Alibaba also announced the cessation of the spin-off of the cloud business, and the listing plan of Hema was also suspended.

What is even more unexpected is that according to the report of Caijing.com, Alibaba has sold all its shares in Station B.

One pile after another, scene after scene, has attracted the attention of many netizens, what happened to these business tycoons? Ali also has a "showdown"?

The reform of the new express delivery regulations is in turmoil

The new regulations came into effect, as if a bomb had been dropped on the calm surface of the lake, stirring up magnificent waves.

Public opinion on the new rule is divided, forming a colorful and divisive view, with some voices of extreme opposition among them.

The debate undoubtedly centres on the key issue of the new rules: whether couriers should be delivered directly to the recipient's door.

Some netizens revealed that the rookie station in their community has stopped door-to-door delivery services and has to be closed and evacuated.

As a result, a large number of parcels are piled up outdoors, and most of the parcels that have been deposited are discarded haphazardly in front of the store.

Obviously, such an outcome is inevitable.

At present, it seems that the new regulations mainly affect the quality of courier services, resulting in an increase in the complexity of couriers' work.

However, the courier company has not made other adjustments and has not improved the benefits of its employees.

They only focus on their own interests and ignore the rewards that employees deserve for their efforts and results.

At the same time, consumer expectations for express delivery services continue to rise, and complaints follow when there is a problem with the quality of service.

In the face of reduced express delivery volumes, closing stores seems to have become a helpless move.

But in the long run, in order to cut costs, courier companies may take steps to reduce courier fees.

The end result of this may lead to an increase in the price of the courier service.

As we all know, the leading enterprises in the current logistics industry include Sitong Yida, SF Express, Jingdong, Post, etc.

With the rapid development of the Internet, there has been a fierce competition in online shopping, including platforms such as a certain treasure, a certain duo, and a certain dou.

However, with this comes a general concern about the quality of logistics services.

In domestic logistics enterprises, there are problems such as violent sorting, slow delivery speed, and difficulty in pursuing responsibility for lost items.

In response to these challenges, JD.com has been building its own logistics system since 2007, aiming to improve distribution efficiency and user experience.

So far, JD.com's logistics services have been well received by consumers, which is also one of the key factors for it to become one of the e-commerce giants.

In contrast, Ali was caught up in a storm of counterfeit sales at that time and could not take into account logistics problems.

Coupled with the serious liquidation of Double 11, the express delivery problem was directly pushed to the forefront and caused public anger.

I believe that people who initially shopped on the Internet have encountered such a problem, received the goods after the refund, and did not ship the goods for more than ten days.

But now there are almost no such problems, because at that time, in order to solve this problem, several couriers formed rookies.

Cainiao initially only helped Ali solve logistics problems, but gradually evolved into an integral part of Alibaba's system.

Although rookies play an important role in the Alibaba ecosystem, many people are still unclear about its essence.

So, is Cainiao Wrap a logistics company or a technology company?

The "evolutionary history" of rookie wrapping

To know everything about Cainiao, we have to mention Jack Ma's entrepreneurial experience.

As we all know, before becoming the founder of Alibaba, Jack Ma was just an ordinary English teacher.

However, he has always been eager to change his destiny and look for opportunities.

By chance, he met Molly from Australia and had the experience of going abroad, which gave him great inspiration.

And Ma Yun has gradually realized that the world is very different from what he has learned before.

So he began to think independently, forming his own unique opinions and ways of thinking.

After returning to China, he quit his job as a teacher and tried several different jobs until he founded Haibo Translation Agency in 1995.

In 1999, Alibaba was born in an apartment of only 18 people, and Jack Ma is the founder and CEO of the company.

Jack Ma's entrepreneurial spirit and rapidly emerging fame spread quickly.

As the old saying goes, "Opportunity always sneaks closer to those who work hard." ”

In a public appearance, Mr. Ma expressed his gratitude to Mr. Sun, Mr. Yang, Mr. Jin and Mr. Tsai.

He said that among these people, if he had to choose the person who was most grateful, it would be Tsai Chongxin.

Before Alibaba's IPO, there were only four seats on the board, and Mr. Tsai was one of them.

In Alibaba's partnership system, only two people are granted the status of permanent partners, one is Jack Ma and the other is Tsai Chongxin.

All this is enough to prove the importance of Tsai Chongxin in Ma Yun's mind.

Before his acquaintance with Jack Ma, at that time, Tsai Chongxin gave up his high salary in an investment company in Switzerland and joined Jack Ma's team.

This decision not only made Tsai Chongxin himself, but also brought an excellent financial director to Alibaba.

Due to Tsai's extensive network of contacts, Alibaba quickly received its first angel investment, led by Goldman Sachs in the United States.

After receiving a $5 million angel investment, Jack Ma's confidence increased and he began to travel around the world.

Through frequent appearances in international media, Alibaba has successfully attracted the attention of Japan's SoftBank Group.

In a meeting with Masayoshi Son, chairman of Japan's SoftBank Group, Jack Ma, who spoke for just six minutes, facilitated Alibaba's $20 million investment.

In 2009, despite the skepticism of domestic Internet giants about the cloud server market, the Alibaba team established Alibaba Cloud and invested a lot of money.

In the face of doubts, Jack Ma firmly built Alibaba Cloud into today's super unicorn, and experienced a lot of bitterness and pressure.

But people only focus on Alibaba and Ant Financial, and ignore Cainiao, the real giant in China's express logistics market.

Since launching the "Cainiao Network" program in 2013, Alibaba has been committed to building a nationwide super logistics network.

In 9 years, Cainiao has achieved this goal.

In its careful layout of China's logistics and express market, the emphasis on the "last mile" distribution link has always been consistent.

Alibaba has given full play to its advantages of "being a platform" and integrated various e-commerce logistics links onto the Cainiao platform.

This includes warehousing, transportation, logistics real estate, and last-mile distribution.

After its establishment, Cainiao plans to use the transaction and logistics information of Tmall and Taobao to build a data network called "Skynet".

And in the country's major logistics areas to establish a number of giant warehousing centers, called "ground network".

"Skynet" and "Ground Net" cooperate with each other to arrange warehousing and deploy logistics through the advantages of information big data, so as to improve the efficiency of logistics and express delivery.

According to logistics data monitored by Cainiao, in 2014, packages generated by Tmall and Taobao accounted for more than 60% of China's express delivery market share.

This huge business volume has become the core pillar of Cainiao's network, providing a strong foundation for its development in the logistics field.

However, Alibaba revealed in its financial report for the first quarter of 2023 that the board of directors has approved the launch of Cainiao Group's listing plan.

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At the same time, Cainiao announced the launch of an exploratory listing and plans to complete the process in the next 12 to 18 months.

Surprisingly, however, Cainiao quickly withdrew its listing plan.

This sudden decision has sparked speculation and discussion from the outside world, creating uncertainty about the future development path of Cainiao.

Cancellation of listing, sale of shares, Alibaba "slimming"

According to official reports, Alibaba has made a major decision to withdraw the listing application of its logistics platform, Cainiao Network.

It aims to strengthen synergies with Alibaba's e-commerce business and continue to support Cainiao's investment in expanding its global logistics network.

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According to the regulations of the Hong Kong stock market, the time limit for listing applications to be accepted is six months, and if the listing is not successful, a new application must be submitted.

It has been exactly six months since the rookie was listed on September 26 last year.

Previously, at the Q3 conference call of fiscal year 2024, Chairman Tsai Chongxin also predicted this possibility.

A year ago, Alibaba launched a "1+6+N" organizational structure reform, and then announced that the listing plans of Alibaba Cloud and Hema were suspended and suspended.

Cainiao's IPO plan was once seen as the "hope of the whole village" for Alibaba's business, but now that hope will be postponed again.

As soon as this news came out, it instantly sparked a heated discussion among a large number of netizens, what is going on?

In fact, this decision is not new.

As early as after Tsai Chongxin and Wu Yongming took over Alibaba, Alibaba has begun a reform with the main purpose of shrinking and focusing.

Therefore, Cainiao's withdrawal of the listing application is part of the development and continuation of this strategy.

This is seen as a sign of new growth for Alibaba, similar to Daniel Zhang's departure, Hou Yi's retirement and Dai Shan's dismissal.

As Alibaba's reform deepens, we are likely to see more similar incidents happen.

Cainiao's withdrawal of the listing application is not only a reflection of the company's strategic shift, but also a reflection of the profound changes that are taking place in Alibaba.

Alibaba is returning to its former core business, which was officially confirmed not too long ago.

Tsai Chongxin said at the investor conference that Alibaba's current priority is to win in the e-commerce space.

Therefore, in recent times, Ali has also sold shares on a large scale.

However, it is not Alibaba's own shares, but the shares of companies it has invested in in the past.

For example, on March 26, Ali announced the sale of all its shares in Station B.

Earlier, Alibaba also sold about 3.9 billion yuan of shares in Kuaigou Dache and about 2.27 billion yuan of shares in Xpeng Motors.

Through the withdrawal of the listing plan and the sale of shares, it can be seen that Alibaba is engaged in strategic contraction.

At the same time, resources are being stockpiled to prepare for the challenges ahead.

Alibaba is likely to further increase its investment in core businesses and abandon some non-core businesses to improve overall efficiency.

After all, as the Internet industry becomes increasingly competitive, companies need to constantly adjust their strategies to maintain a competitive edge.

Years ago, Jack Ma described Ali as "holding a telescope and not finding an opponent".

However, now the situation has changed, and telescopes are no longer needed, as Ali's competitors are already close at hand.

It is often said that the end of the Internet is e-commerce, and now Ali finds himself in a passive position, surrounded by competitors.

These competitors seem to take advantage of Ali's predicament and rush to attack, as if they are dealing with a tiger that has been injured.

As KK says, it's not the same kind of opponent who beats you, but the new opponent you don't expect.

What do you think about this? Who will defeat Ali? 9.9 Free Shipping's "Fight a Knife"?

Resources:

Do you have to wait for the time to go public in Hong Kong? SF Express needs to re-apply if the prospectus expires

Cainiao may complete the listing within 18 months, and its single-quarter revenue is approaching 20 billion

Baidu Encyclopedia--Jack Ma, Tsai Chongxin, Ali's development history

Red Star News--Alibaba: Cainiao has withdrawn its application for listing on the Hong Kong stock market https://baijiahao.baidu.com/s?id=1794586346814734389&wfr=spider&for=pc

Financial Circles - Alibaba has sold all of its shares in Bilibili https://baijiahao.baidu.com/s?id=1794660490463619887&wfr=spider&for=pc

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