Hang Seng Electronic received a written notice from the company's controlling shareholder Hang Seng Group

Hang Seng Electronics issued a notice the night before, Hang Seng Electronic received the company's holding shareholder Hang Seng Group's written notice, Zhejiang Rong Xin Network Technology Co., Ltd. (hereinafter referred to as: Zhejiang Credit) to be in cash by the Hang Seng Group 100% of the shares, the total transaction amount of about 3.299 billion yuan. After the completion of the transaction, Zhejiang Credit Letter will be through the Hang Seng Group holding the 20.62% stake in the Hang Seng electronics. Information shows that Mr Ma holds 99.1365% shares in Zhejiang Credit, Shei holds 0.8635% of the shares of Zhejiang Rong Xin. After the transaction is completed, MA will become the real controller of Hang Seng electronics.

Careful analysis of this bulletin, there is a noteworthy small detail, that is, to clarify two things, one is the acquisition of the Hang Seng Group shares of the main body is Zhejiang Rong Letter, is the natural person Ma Yun Holdings of Domestic limited liability company. In addition to Jack Ma in Alibaba Group as Chairman of the board, Zhejiang Rong Xin and Alibaba Group has no equity or control or controlled relations. Second, Zhejiang Rong Xin and its actual control person Mr Ma Yun is not the purpose of this transaction is to go public or inject assets into the shell.

This is in fact a very straightforward show that Ma Yun's acquisition of Hang Seng Electronics and is in the brewing of the IPO does not matter, that is, with the main electric company Alibaba Group has no relationship. According to general speculation, the acquisition of the Hang Seng after the Zhejiang Rong letter should be with Ali small Micro Financial services group close relationship, belong to the horse cloud layout of the internet finance Step chess. Ali Small Micro Gold clothing is not in Ali's IPO plan.

There are two questions may be asked: if it is Jack Ma personal acquisition Hang Seng Electronics, 3.3 billion yuan of huge sums of money come from? Why is Zhejiang credit and not other personal control of the company to carry out acquisitions.

About Ma's source of funds is very simple, to Ma Yun's reputation and wealth, through personal financing can be easily resolved, bulletin "the source of funds for changes in the interests of" a section shows that Zhejiang Rong letter of the controlling shareholder on March 28, 2014 to pay the new registered capital of Zhejiang Rong Xin 165,595 RMB 9.36 million yuan, and commitment to the acquisition of the transaction price payment period before the expiration of full payment of capital, in order to timely provide Zhejiang credit for the acquisition of the funds required. In addition, the Bank of Ningbo and Minsheng Bank respectively to Zhejiang credit to provide no more than 1.7 billion yuan of credit funds used to pay the intention of the purchase price, the loan interest rate of not more than 7% to the acquisition of shares pledged.

Because, Zhejiang Rong Xin and Ali Group and small Micro Financial services group, such as a lot of related companies have business dealings, after the acquisition of both sides are under the control of Ma Yun, the business will be more secure, it is conceivable that Ma Yun's financing of the acquisition of almost no financial risk.

As for why Zhejiang Credit and not Ali group or other companies, and Ma Yun's consistent style. Last year, a media survey reported that Mr. Ma's not publicly known subsidiaries and affiliates may be as many as 200 or more. The existence of each has its own purpose, but the ultimate goal is still to achieve the maximization of benefits services. Ali small gold clothes have to go to the trend of Ali, these new business step, from the birth of the relationship with Ali is also very good understanding.

And from the Hang Seng Electronic bulletin to try to clear the relationship with Ali Group, perhaps it is because an independent company easier to get rid of the expected potential trouble.

These problems can also be seen in the bulletin, such as the rumor of "big data Problem", Hang Seng Electronic said "only to financial institutions to provide financial IT software, software delivery by the customer's own operation and management, the company and the company's technology, maintenance, engineering personnel can not obtain, more likely to disclose financial customer data Financial data storage and property rights are fully owned by customers and all. This is tantamount to admitting that there are similar concerns outside.

And in financial circles, then circulated "must unequivocally oppose Ali to buy Hang Seng electronics" such as the title of the article, there is a concern of the fund sector, because the Hang Seng Electronics in a number of financial subdivision of the IT system has a considerable market share, in some areas even in the absolute monopoly of the market position, very worried about " Alibaba's pursuit of business interests is likely to lead to the disclosure of financial institutions. "With the current swelling mentality of MA, Alibaba's monopoly status and the enthusiasm of the pursuit of thinking, once the acquisition of success, the financial industry will have a huge adverse impact on the financial institutions of data security will pose a huge threat." These doubts are not conducive to the future business expansion of the letter.

The "evil" perspective to speculate that Ma Yun's acquisition of Hang Seng Electronics will certainly do evil, because there is no evidence, this does not even bother to refute. But in turn, it can highlight the value of MA in the Hang Seng Electronics, whether it is good or evil, big data are there. The acquisition of Hang Seng Electronics, at least for Ali financial future "legitimately" use large data to impact brokerages, the fund industry left the entrance.

Mr Ma buys Hang Seng Electronics Another purpose is to add a leg for Ali financial platform, Ali financial services before the object of the main two categories, one is to pay the treasure users, to provide credit payment, the second is for enterprises, to provide small micro-enterprise financing services (ie, Ali small loans); Now you can add another financial IT service. Objectively speaking, although the Hang Seng electronics in domestic funds, securities, insurance, trust and other fields do well, but in the core financial sector, such as the banking industry, IT services are mainly foreign monopolies, accounting for nearly a large part of the scale of the market, this is a letter version of the Hang Seng future expansion space.

With this idea, a Hang Seng electronic power is not even enough, the future of MA should also be in the financial IT services to continue to sell, including mergers and acquisitions