Alibaba Zhang Yong Talks About Hongkong'S Listing Vision: Let More People Share The Fruits Of Development

Zhang Yong said he hopes to share the development and future of Ali through the listing in Hongkong, allowing more people to participate in the construction of Alibaba's digital economic ecosystem. On November 26th, "this year is the 20th anniversary of Alibaba's establishment. On the occasion of our 20 birthday, we have come to an important milestone, which is to go home and return to Hongkong. This morning, at the Hongkong stock exchange, Zhang Yong, chairman and chief executive officer of Alibaba group's board of directors, delivered a speech.

Billion power is informed that at 9:30 this morning, accompanied by 10 customer representatives from around the world rounded the listing of Causeway, Alibaba Group officially listed on the Hong Kong Stock Exchange and became a China Internet Corporation listing in both the US stock market and Hong Kong stock market.

Zhang Yong expressed the mood of listing in Hongkong with three "thanks": "at this important moment, we must first thank our customers, thank all the customers of Alibaba for their support and companionship in the past 20 years, and explore the future with us, constantly innovate, and even constantly try and make mistakes." Zhang Yong said that today's 10 customers from all over the world represent the globalization of Alibaba. "In the future, we will firmly go with them and go on."

"I also want to thank Hongkong for its gratitude to HKEx. Because Hongkong's innovation and reform of Hongkong's capital market in the past few years have made the regret we missed 5 years ago today, realizing the promise we made 5 years ago: "if conditions permit, Hongkong will come back."

In addition, Zhang Yong also expressed his gratitude to the times: "we also want to thank our time, because the development of the Internet, because of the development of digital economy, let Alibaba have the opportunity to realize the mission put forward at the beginning of entrepreneurship, so that there is no hard business in the world. Our answer is to use digital technology to help our customers and partners to move towards the digital age together.

The Alibaba group issued 500 million new shares and another 75 million oversubscribed rights. According to the pricing of HK $176, it raised HK $101 billion 200 million (about US $13 billion) up to HK $101 billion 200 million in 2019.

In the letter to investors issued with the prospectus, Zhang Yong said that this is a new starting point for the 20 year old Alibaba. "We are very excited to open this new journey to create the future."

It is understood that Alibaba's long-term strategic goal is to serve the world's 2 billion consumers by 2036, create 100 million job opportunities and help 10 million small and medium enterprises to make profits. To achieve its strategic goals, Alibaba will continue to firmly implement the three major strategies of globalization, domestic demand, big data and cloud computing. In the future oriented global layout, Hongkong is an important starting point.

Zhang Yong said that the Alibaba's mission of "let the world have no difficulty in doing business" has not been changed, and its vision has been upgraded to "becoming a good company for 102 years": bringing positive energy to society, serving more social responsibilities, serving small and medium enterprises, and being satisfied by employees and satisfying shareholders. I hope that through listing in Hongkong, more people can participate in the construction of Alibaba digital economic ecology, and share the development achievements and future of Alibaba.

"Alibaba was born to a company that believes in the good society and believes in the future of society. We will work hard with all of you to realize our mission, to remember our initial intention and explore the bright future of the digital economy together. Zhang Yong said, "we are ready, Hongkong, we are coming!"