Ma Yun Wealth Shrank 752 Million Announced $4 Billion Share Repurchase Program

In recent years,

Become the trend of traditional industry development, the second quarter results of Alibaba, China's largest e-commerce platform, showed that the company's revenue growth was the slowest in more than 3 years.

What is the reason?

According to data analysis, China's economic growth is slowing to its lowest level in 25 years.

The devaluation of RMB for two consecutive days has dropped to its lowest level in nearly three years, making investors even more worried.

Analysts believe that for Ali, the low visibility of the macroeconomic environment, the intensification of competition and the sustained profit margins brought about by radical investment are all negative factors.

Yesterday,

The stock price closed at 73.38, down 5.12%, and the market value evaporated nearly $16 billion, which has fallen by nearly 30% this year.

Ma Yun, chairman of the board of directors, has shrunk by about $752 million in wealth.

Yesterday, Alibaba also announced the $4 billion share repurchase program, which was completed in two years to offset the impact of the stock compensation scheme.

According to Reuters, Zhang Yong, chief executive of Alibaba, told the Nbc National Broadcasting Company CNBC on Wednesday that the company is paying close attention to the economic situation but has "confidence in long-term growth". CEO

Alibaba is expanding its business from the core online shopping platform to control the double drop of revenue and sales growth.

CFO, a chief financial officer, said in a statement that we have made significant progress in turning mobile traffic into revenue. Mobile business revenue accounted for the first time more than 50% of total retail revenue in China.

However, Wu Wei worries that the profit margin of mobile business is still less than that of personal computer business, and the profit margin of the latter is also declining.

Revenue growth in the three months ended June was 28% to $3 billion 270 million, less than the average estimate of $3 billion 390 million for 28 analysts surveyed by Thomson Reuters SmartEstimate.

Commodity trading volume (GMV) on the platform grew by 34% to 673 billion yuan ($105 billion), the lowest growth rate in more than three years.

On the afternoon of 10 July, Ma Yun, chairman of Alibaba's board of directors, appeared at Suning headquarters in Nanjing, and the two sides reached a swap agreement. Ali will invest 28 billion 300 million yuan in Suning. This is the largest step the company has made to integrate online and physical stores.

The paction will enhance Alibaba's competitiveness in the two fields of logistics and electrical appliances that rivals Jingdong is good at.