In the past two days, Hong Kong stocks finally ushered in a period of high performance, following last night's stock Wang Tencent $TENCENT (00700.HK)$ After announcing the report card, second brother Ali tonight $BABA-W (09988.HK)$ Q1 results were also announced. The difference is that Tencent has already entered a “full recovery period”, while Ali is still “in trouble”
I. Company profile
Alibaba Group Holding Co., Ltd.'s mission is to make business easy for the world to do. The company aims to empower businesses to help merchants, brands, retailers, and other businesses provide technology facilities and marketing platforms to use the power of new technology to interact with users and customers and operate more efficiently. The company's business includes Chinese commerce, international commerce, local lifestyle services, rookie, cloud, digital media and entertainment, innovative businesses and others. An ecosystem encompassing consumers, merchants, brands, retailers, third party service providers, strategic partners, and other enterprises has been formed around the company's platform and business.
What is Ali's return to shareholders? Intuitively, a company like Ali should not have a very poor long-term return, but after looking at the chart below, Ali's annualized yield since it went public is still negative. This is a bit strange
The reason is that Ali first went public in 2007, but due to various reasons, Ma Yun privatized and delisted the company in 2012, then went to the US again in 2014...