【有奖竞猜】“成熟一个，上市一个”！阿里集团“一拆六”，哪个业务集团有望最先上市？

阿里巴巴一场前所未有的调整引爆市场。受消息影响，3月28日美股$Alibaba (BABA.US)$收涨14.26%，29日港股$BABA-W (09988.HK)$收涨12.23%，带动恒生科指一度升4%。

3月28日，阿里巴巴集团董事会主席兼首席执行官张勇发布全员信，宣布启动“1+6+N”组织变革。在阿里巴巴集团之下，将设立六大业务集团和多家业务公司，它们将分别成立董事会，独立面对市场，实行CEO负责制。

张勇形容这次变革是“阿里24年的发展历史上是前所未有的，是生产关系变革最剧烈的一次”，阿里巴巴称，除了淘宝天猫商业集团未来仍将继续由阿里巴巴集团全资拥有外，每个业务集团都将有独立融资并寻求单独上市的可能性。

具体计划来看，六大业务集团分别是：

云智能集团，由张勇兼任CEO

Taobao Tmall Business Group, Daisy (Su Quan) as CEO.

Local Life Group, Yu Yongfu as CEO.

Cainiao Group continues to be led by Wan Lin as CEO.

International Digital Business Group, Jiang Fan as CEO.

Great Entertainment Group, Fan Luyuan (Mu Huali) as CEO.

Historical changes in Alibaba's organizational structure.

Growing in change for 24 years, Alibaba has undergone multiple organizational structure adjustments since its establishment. "Without embracing change, you will become rigid. Without changing oneself, you will be defeated by the times," said Alibaba CEO Daniel Zhang in a message to all employees.

Mooer discusses hot topics

How do you view this major organizational restructuring of Alibaba?

@罗超频道：

Whether from the perspective of enterprise development or personal employee development, Alibaba's strategic move is very clever and high. As a benchmark in China's internet industry, Alibaba's proactive organizational change indicates a complete shift in the development direction of China's internet industry. Internet development has never been constant, it must actively adapt to the changing times in order to maintain long-term vitality.

@陈达美股投资：Alibaba's Great Value Unlock

I welcome this method of turning a dough into bowls of noodle soup. Looking back at previous organizational changes, my basic judgment is that no matter how big the business grows, Alibaba remains fluid, non-rigid, adaptable, and flexible. Despite undergoing 20 transformations in seven years besides the Taobao ecosystem, other areas have also been continuously expanding. As an ecosystem with over 1.3 billion active buyers annually and a GMV of over 8 trillion, Alibaba can still innovate and transform like a 'Transformer.' I see this as a major bullish signal, so let's not talk about the stock price first and wait for a trading limit up before discussing.

@丹尼斯王子：I really didn't expect Alibaba to choose the path of a split listing.

There are news that Alibaba will spin off its business for separate listing. The pre-market price of US stocks surged due to the news, but Prince personally worries about its prospects.

Which company's business spin-off listing can bring long-term bullish stock prices?

If Alibaba really has to resort to internal leaks to drive up stock prices, it is truly lamentable, after all, such information is not always immediately effective. How easy is it to spin off and list a business?

It is certain that Prince has lowered Alibaba's long-term target price, but whether the news of spinning off the business is actually being implemented or is still under study.

In this market situation, it is not surprising that a new generation of investors speculate based on news. After all, when Kuaishou rose to 400 RMB back then, there were investors chasing in.

@人類的最後希望：

In reality, for a company with a P/E ratio of over 50 times, even if it is spun off, how much value can it really release? Can the new spun-off company's market value exceed a P/E ratio of over 50 times? If not, this is called cashing out at a low price, not releasing value. It is only the bank stocks/real estate stocks in Hong Kong that can be spun off and listed with several times PE that can be called releasing value.

@18年磨一剑：

A conservative valuation of the six major sectors totals $360 billion, corresponding to a stock price of around $136.

First, Taobao and Tmall's business is valued at $200 billion.

Second, Alibaba Cloud Intelligence, approximately valued at $500 billion like Amazon AWS, let's give it a fifth, $100 billion, is it fair?

Third, Local Life, valued at one-fifth of Meituan, $40 billion, is it fair? Meituan has been undervalued recently, with a normal valuation of $200 billion.

Fourth, International Digital Business, $20 billion, is it fair?

Fifth, Cainiao Logistics, $20 billion, is it fair?

Sixth, the large entertainment business is a giveaway.

How do you mooers view it? Alibaba is undergoing a major organizational restructuring, do you bullish on Alibaba's future development?

Which business group do you think is most likely to go public first in the future? How do you view its valuation?

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