Softbank officially bid farewell to Alibaba and enter a new era

Tech 2023-05-19 13:15:54 Source: Network

On May 11th, Softbank Group announced that it had sold or used all remaining shares of Alibaba it once held for financing, marking the end of its 20-year partnership with Alibaba.From this, people began to review the role of this cooperation in the development of the internet industry

On May 11th, Softbank Group announced that it had sold or used all remaining shares of Alibaba it once held for financing, marking the end of its 20-year partnership with Alibaba.

From this, people began to review the role of this cooperation in the development of the internet industry. Softbank Group is a Japanese company primarily focused on technology investment. In 2000, Alibaba was founded less than a year ago and is an unknown small company. Softbank Group invested $20 million in it. It is widely rumored that Sun Zhengyi and Ma Yun made this decision within a few minutes after meeting. With the long-term support of SoftBank, Alibaba has not only become a leading domestic e-commerce enterprise, but also one of the world's largest technology companies.

In mid April of this year, SoftBank conducted a near clearance reduction in its stake in Alibaba, reducing its shareholding to 3.8%. In the past 14 months, Softbank has earned an average of $92 per share from forward sales of 389 million Alibaba shares. However, this average earnings per share is not only far below the historical high of Alibaba's stock price, but also lower than the opening price on the day of its listing in 2014. In other words, SoftBank's investment return on Alibaba's stock has approached zero for over eight years.

Nowadays, Alibaba is different from before. On March 28th, it was split into six major business groups, each of which operates independently and has the possibility of going public. Each business group will have its own CEO and board of directors, implementing a CEO responsibility system under the leadership of the board of directors. Alibaba Group will become a holding company, led by Zhang Yong.

During this process, Alibaba has undergone significant changes in the past two decades, and Alibaba founder Jack Ma has also left the company. However, Softbank's support for Alibaba for over 20 years has created an era for Alibaba and the domestic internet.

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