"Nuclear war" in the Internet field

Absrtact: Beijing East recently updated its F-1 document, adding 2013 years of performance content, which means that Jingdong has taken a key step in the IPO, the date of the U.S. listing is very close. BEIJING-East before the listing with Tencent made a deal, got Tencent's QQ network to buy and Pat net 100% rights

Beijing East recently updated its F-1 document to add 2013 years of performance content, which means that Jingdong has taken a key step in the IPO, the date is very close to the U.S. listing.

BEIJING-East before the listing with Tencent made a deal, access to Tencent's QQ network to buy and Pat 100% rights, logistics personnel and assets, and Xun minority stakes and purchase of the remaining equity rights, and micro-mail and mobile phone QQ client-level portal position support.

The latest valuation of Jingdong

The deal is a clear boost to BoE valuations. According to the prospectus, Tencent's stake in the capital was estimated at $15.721 billion trillion, and the capital was estimated at $8.03 billion in December 2013, which meant a very short period of 95.8% per cent.

Tencent's stake in Beijing-East also spurred Alibaba's counterattack. On the weekend of Tencent's strategic stake in Beijing, Alibaba announced its decision to launch a listing in the United States via Weibo.

A senior person in the electric business industry pointed out that Alibaba and the Beijing-East between the listing does not have the essence of conflict, but it is Tencent's stake in the Beijing-east to stimulate the early listing of Alibaba issues, and in public opinion and capital level against Tencent and Beijing east.

This is the "nuclear war" in the Internet field.

An electrical business analyst pointed out that Ali and Jingdong listed there is a better story, that Ali hope that the Beijing-east listing success, and the valuation is good. So Ali can be a quarter late, before September 30 to complete the listing, and get a greater valuation.

Buy and sell Bao CEO Zhang said, Alibaba originally "disdain" with the first half of the Beijing-east and other companies to be listed in a piece of the company, now in the yard said to go public, rob two-quarter market window, which will have a great impact on jingdong, resulting in capital diversion.

"The fuse of the war is the Tencent strategic stake in Beijing East", the electric business analyst pointed out that Tencent strategy to invest in Beijing-East strategy if fully realized, the Ali Empire is not "harassment", but "cutting". This is a "nuclear war" that Ali cannot afford to lose.

"Ali will do anything to stop, in a capital market, two to 1:10 of enterprises to the listing, how would you look at this thing?" This is the blood fight, this war has become the Internet field of nuclear war. ”

Earnings showed that the BoE 2013 GMV (total commodity trading) for 125.5 billion yuan, 2012 GMV for 73.3 billion yuan. Beijing East 2013 net loss of 50 million yuan, although the Beijing East operation situation significantly improved, however, the Beijing-East financial results are worth worrying place. Beijing East 2013 interest income of 344 million yuan (about 57 million U.S. dollars), a year earlier period interest income of 176 million yuan.

Beijing East 2013 operating loss of 579 million yuan (Tencent Science and technology with map)

Beijing East 2013 operating loss of 579 million yuan, which is the Achilles heel of Beijing. Zhang said, never to see the capital deposit, the capital is can eat interest, the question is Jingdong dare to use this money how long? If the long-term investment to buy a piece of land, the liquidity and investment liquidity is poor, how to ensure that the investment process "lid" can cover?

"The real business logic is that Jingdong is on the market when it is the most beautiful," Zhang, noting that it would be best to resolve the listing in the second quarter, digesting the first-quarter operational data.

Tencent Ali's Pattern contest

Tencent strategic investment in Beijing and east for Tencent CEO Ma and other management to win Word-of-mouth. Many people believe that, including Tencent investment in the public comments and Sogou cases, Tencent in the internet pattern more and more reflect the strategic vision, doing very beautiful.

Documents disclosed, Beijing-East new shareholding structure: Liu shareholding ratio increased to 18.8%, into the largest shareholder. According to people familiar with the matter, the BoE board, based on Liu's contribution to the past 10 years, gave Liu a stake of $600 million worth, accounting for 4% of the shares.

Handle founder Wu that this reflects Tencent's strategic jingdong in the drive. Jingdong investors also understand that everyone together will be bigger, can be divided into more cakes, we are willing to the East plate is large enough to make concessions.

A person in the electric business industry pointed out that in the Tencent strategy after the acquisition of the east, the original encounter Ali and Tencent attack situation no longer exist, Jing-dong is just as a second spokesperson in the field of electricity after Ali, can get higher valuations in the market.

These people pointed out that Tencent management more confident than before, these two years in the pattern of higher, the future of micro-credit globalization will accelerate, if Tencent can buy Snapchat, that is an international company, another two years, Tencent can compete with Google.

Tencent and Alibaba are now recognized as China's internet sector two billion dollar market capitalisation of companies, when an industry giants more than hundreds of billions of dollars, a single area can not meet its further development, will inevitably promote the giant to many areas of development.

Ali and Tencent are now competing in the pattern, penetrating in all directions. An industry analyst pointed out that Alibaba has a lot of layout in the last two years, the scope is no longer limited to the Internet area, especially in the financial sector has been very successful, but overall, Tencent in the pattern view is higher, the investment logic also appears clearer, the vision is also more open.

These people pointed out that Alibaba and Tencent now have a very large amount, should be along with China's economic globalization "swimming" to go, Ali should view the vision to the Amazon, Google, such as companies, "fighting in the domestic bucket does not mean."